No. 74: DealerTrack staying, German aid for Thrillist and the enduring hipness of Mason jars

QUOTE OF THE WEEK, from investor Carl Icahn: "I think the joyride is over."

TGIF: Greetings from the Long Island Business Development Conference in Montauk. Great opening keynote from Mark Lesko – on the eve of his new gig at Hofstra – plus panels on the issues most affecting local development: government red tape, job growth, public transit and, um, government red tape.

Weather report: Cloudy with a declining chance of Joaquin.

Today is National Manufacturing Day. Make the most of it.


Cox Automotive completed its $4B all-cash acquisition of software juggernaut DealerTrack, which says it plans to stay on Long Island.

TD Bank, a rumored suitor of Buffalo’s struggling First Niagara, closed a $2.2B deal on Nordstrom’s credit card business, which it will continue to run for the retailer in a long-term deal.

Three months after hackers broke into the government’s personnel system and stole the fingerprints of 5.6M federal workers – and personal info on 21M more – the Department of Homeland Security has awarded a $1B contract to Raytheon to prevent it from happening again.

Carl Icahn this week regards the equity markets: “I think the joyride is over.”


Software developer Gorilla Toolz is doing a pivot into healthcare. And feeling pretty darn good about it.

Great Neck-based Sharestates has cracked the top 10 of U.S. real estate crowdfunders, thanks in part to a $20M follow-on infusion from institutional partner Ranger Direct.

Subtle Tea, the Centereach craft brewer founded by Northrop Grumman engineer Kyle Chandler, is getting ready to fill its 10,000th bottle at the Calverton incubator.

Mitch Maiman’s Intelligent Product Solutions had a smokin’ hot summer.

The state announced $20M in grants to support affordable-housing projects in storm-ravaged areas. (It may expand this weekend.)

ExcelAire celebrates 30 years of flight management. And what a ride it’s been.

CLICKED IN: Top click-throughs from the latest blasts: Bioelectronic medicine center eyes the hub, Bruce Stillman is The Man, and ClipFix heads to manufacturing.

VISIT US: Between newsletters, check out breaking news at And don’t forget to like us on Facebook.


The first Innovator of the Year Awards, Oct. 21, 8 a.m. to 10 a.m., Crest Hollow, seats $55, tables $500, sponsorships going fast. Winners and info here.

LISTnet’s annual must-attend LISA awards event, Oct. 8, 6 p.m. to 9 p.m. at the Garden City Hotel.

Pink Aid Long Island luncheon and fashion show, Oct. 15, 11:30 a.m., Mitchells/Marshs of Huntington. Individual seats sold out, sponsor tables still available.

ABOUT OUR SPONSOR: Farrell Fritz, a full-service law firm with 15 practice groups, represents numerous emerging companies and venture capital funds. The firm advises startups on entity formation, founder and shareholder agreements, funding, executive compensation and benefits, licensing and technology transfer, mergers and acquisitions and other strategic transactions. The firm’s blog, New York Venture Hub, discusses legal and business issues facing entrepreneurs and investors.


ROOM TO WORRY: Local hotel operators are concerned Airbnb will hurt business, Newsday reports. (Sub required)

But: Kristen Jarnagin is here to help. (Ditto)

SOFT TOUCH: San Fran fintech startup SoFi landed $1B in funding – yes, that’s a B – from Japan’s Softbank. Since launching in the student loan space in 2011, SoFi has expanded into mortgages and personal loans. The company said the Softbank infusion was the green light for it to “swing for the fences.”

VOLKSUNG: European regulators are investigating whether Samsung has been gaming energy consumption tests of its televisions.

HEADS UP: Until fiber catches on, many NYC landlords rely on microwaved Internet access.

NOT CANNED: Anheuser-Busch InBev has agreed to invest $62M in its facility near Syracuse to allow craft beer production and upgrade machinery, retaining 443 jobs. The beer maker, which controls 46 percent of the U.S. market, was awarded $2M in state tax incentives.

CALL US: German publisher Axel Springer, which just announced a $343M deal to buy Business Insider, said Thursday it was also taking a minority stake in the click-baiting newsletter Thrillist, no hard numbers announced.

MISSED A ROUNDUP? Most are archived here.

MISSED JOINING UP AS A SPONSOR? Correct that mistake speedily here.


SOCIAL STUDIES: Twitter abandons its brevity in a 136-page how-to manual for those seeking public office. One tip: No, you actually don’t have to ask permission to follow someone.

60 SECONDS OF GLORY: A guy named Sanmay Ved bought the domain for $12 this week. It took Google a full minute to reverse the deal.

MULLIGAN, PLEASE: Thursday was the deadline for credit card companies and consumers to convert to cards with security-enhancing computer chips in them. How’d we do? Only 40 percent of account holders have received the cards and just 27 percent of merchants have the terminals needed to read them.

WHAT’S HIP: John Landis Mason’s rubber-sealed jar, patented in 1858, has found new life in the farm to table movement. Not to mention cocktail lounges.

A REMINDER: There’s really no such thing as “free” news. Please support our sponsors.

Compiled by John Kominicki. Thanks for reading.