Island unemployment rate inches higher
Long Island’s unemployment rate ticked up to 4.2 percent in June, rising 0.2 percentage points from a year ago as additional workers began looking for jobs. About 63,000 Long Islanders…
news
For startups seeking capital, the name is no game
By GREGORY ZELLER // What’s in a name? Maybe everything, if you’re a startup in need of early-stage capital. A new study by researchers from Stony Brook University, Drexel University…
CBRE: Tech talent, Millennials rising on LI
Long Island’s pool of potential technology workers grew by almost 25 percent in the last five years, according to the annual Scoring Tech Talent Report just out from real estate…
Israeli innovators extend Northwell’s global reach
By GREGORY ZELLER // The Northwell Health system is going international, again, with its latest collaborative effort. Following recent alliances with multiple domestic partners and several spanning the globe –…
Nature’s Bounty sells $3 billion share to KKR
Investment giant KKR & Co., which owns stakes in everything from GoDaddy to Hicksville’s Broadway Mall, is buying a majority share of The Nature’s Bounty Company Inc., the Ronkonkoma-based vitamin and…
With Watson’s help, Adelphi hackers wow IBM judges
A team of crack Adelphi University computer-science students took second place, and a step toward a potential commercial venture, at a recent New York City hackathon. Students Sarthak Arora, Prasanth…
‘Madam’ calls, and Spectronics Corp. goes all CIA
By GREGORY ZELLER // From the Art Imitates Life file comes the Spectronics Corp., which is absolutely ready for its latest closeup. The Westbury manufacturer smiled for the cameras on…
Fomer FBI agent heads experienced RMF cyber group
By GREGORY ZELLER // A former FBI special agent will help lead Ruskin Moscou Faltischek’s beefed-up cybersecurity group. A “major expansion” of the Uniondale law firm’s Cybersecurity and Data Privacy…
At Fred Dunwoody’s, when you’re write, you’re right
By GREGORY ZELLER // The writing is on the wall at FJD & Associates, and it looks like founder Fred Dunwoody was right all along. Dunwoody, who leveraged a long-term…
Employment up 1.7% as the hospitality sector rocks
Long Island added 19,000 jobs in the year ending in June, a 1.7 percent increase that brings the region’s total private sector employment to 1,172,200, the Labor Department reported Thursday….
Cuomo rides the rails at LIA luncheon
By GREGORY ZELLER // A day after New Jersey Gov. Chris Christie was lustily booed at Citi Field after snagging a foul ball, New York’s own Andrew Cuomo gracefully fielded…
Throwing in more towels, and that’s very good
By GREGORY ZELLER // Another week, another significant partnership for Applied DNA Sciences, which continues to make itself at home in the national textiles market. The Stony Brook-based provider of…
Feds OK $537M loan for NYC’s Farley train project
New York has been greenlighted for more than $500 million in federal loans to covert the Farley Post Office building in Manhattan into a modern transit hub, replacing the rabbit…
Award-winning Re-Nuble lays waste to malnutrition
By GREGORY ZELLER // An outer-borough biotech with a Long Island lineage is racing to the head of the organic-fertilizer field. Re-Nuble Inc., founded by scientifically oriented business IT specialist Tinia…
CEBIP battery barons inch toward 76West title
By GREGORY ZELLER // A Stony Brook battery business with European roots has made the cut in a state clean-energy contest. StorEn Technologies, which is peddling a proprietary vanadium-flow battery…