News

For soaring startup Flygirl, smaller is way, way better

By GREGORY ZELLER // Entrepreneur Lisa Abbey always had a nose for the niche, but the roots of her burgeoning beauty business are colored by experience. A hair stylist with three decades of bobs, pixies and perms under her belt, all on Long Island, Abbey has also proven herself a creative risk-taker. The first two salons she opened, in 1989 and 1991, were located on the campuses of C.W. Post College (now LIU Post) and…

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Debrief: Red flags, high hopes from Master Faltischek

When Innovate LI last debriefed Long Island Angel Network Chairman Michael Faltischek in May 2015, the LIAN already boasted a significant legacy: 600-plus financing applications reviewed, in excess of $5 million in investments brokered. Less than three years later, the network – which arranges investments but doesn’t make them – has reviewed another hundred-plus applications and negotiated upwards of $30 million in private investments. Meanwhile, at the senior partner’s Uniondale-based law firm Ruskin Moscou Faltischek,…


Veeco rally soothes sting of ‘transformational’ FY2017

VEECO INSTRUMENTS INC. Headquarters: Oyster Bay Industry: Technology Nasdaq: VECO Reporting Date: Feb. 12, 2018 Reporting Quarter: 4Q FY2017 Quarter Ended: Dec. 31, 2017 Numbers: Reported first-quarter net income was $9.1 million, up 139.5 percent from the $3.8 million reported for the same three-month period last fiscal year. Quarterly revenues were reported as $143.4 million, up 53.2 percent year-over-year from $93.6 million. Fourth-quarter non-GAAP earnings per share were reported as 19 cents, up 111.1 percent…


Stony Brook lands climate-change ace for SoMAS

By GREGORY ZELLER // An internationally renowned expert in climate-change science has been tapped to run Stony Brook University’s marine and atmospheric science programs. Paul Shepson, currently a distinguished professor of chemistry and of earth, atmospheric and planetary sciences at Purdue University, has been named dean of SBU’s School of Marine and Atmospheric Sciences. Shepson, who also serves as the division director for atmospheric and geospace sciences at the National Science Foundation, was selected after…


At SUNY Old Westbury and SBU, it’s up to them

A national competition designed to educate collegians on important national economic issues has come to Long Island. Specifically, to SUNY Old Westbury and Stony Brook University, which have been selected to participate in the 2017-2018 cohort of Up to Us, a national competition that encourages students to spread the word about fiscal policy matters like federal budgets and the national debt – big-ticket items that could have a significant effect on students’ career and life…


Northwell, Connecticut health network buddy up

By GREGORY ZELLER // The Empire State’s busiest healthcare provider has established a new foothold in the Constitution State. New Hyde Park-based Northwell Health – New York’s biggest healthcare network by number of patients and number of providers, as well as the state’s largest private employer – has inked a “collaboration agreement” with the Western Connecticut Health Network, a patient-centered healthcare organization with hospitals in Danbury, New Milford and Norwalk. The partnership, announced Thursday, is…


Catholic Health Services, NYIT form osteopathic pact

By GREGORY ZELLER // A fresh collaboration between a groundbreaking Long Island medical school and a leading provider of community-based healthcare will improve medical services for patients throughout the region. Catholic Health Services of Long Island, the largest faith-based healthcare system serving Nassau and Suffolk counties, has entered into a new agreement with New York Institute of Technology’s College of Osteopathic Medicine aimed at “advanc(ing) patient-centered, community-based healthcare on Long Island,” according to Rockville Centre-based…