March 10, 2010  



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L.I. Business News  Minimize 

Paterson, health care’s ‘Cutzilla’
The state’s biggest hospital lobby on Wednesday launched an animated video on YouTube portraying the governor as a a monster named “Cutzilla” who blithely attacks hospitals, nursing homes and health care providers. The Healthcare Association of New York State, representing more than 550 non-profit and public hospitals, nursing homes, home care agencies and other health care [...]

Gitomer: The rules have changed
People are asking me: "What should I do now? What are the consequences?" Many people, maybe even you, are wandering and wondering what will happen next? What are the risks? What are the rewards? Many of you have no idea what to do because times are uncertain (that's an understatement). Times are actually tougher and more [...]

Adelphi to turn MDs to MBAs
Faced with increasing financial pressures and seeking to be better business people as well as clinicians, nearly 20 doctors enrolled in a new MBA program Adelphi University launched last week at Catholic Health Services of Long Island. While doctors obtain extensive training in medicine, they typically receive little training in business, even though many run [...]

Scent seller sets sights on Deer Park
Fragrancenet.com, an Internet perfume retailer, bought a 130,000-square-foot industrial building in Deer Park for about $6.5 million. Currently headquartered in Hauppauge, Fragrancenet.com has outgrown its existing facilities. So Richie Cohen of Ashlind Properties sold them the building at 900 Grand Blvd. and represented the buyer and the seller, M.A.S. Boulevard Associates. M.A.S. is owned by the Kristel [...]

Pataki endorses Lazio for governor
Former Gov. George Pataki, perhaps the most popular Republican in New York, is endorsing Rick Lazio in his GOP bid for governor this year. Pataki is scheduled to make the endorsement Wednesday afternoon in Manhattan. Lazio is a former congressman from Long Island who has collected endorsements from most Republican county chairmen and [...]

Senate to pass jobless aid, business tax breaks
Legislation blending help for the jobless with popular tax breaks for businesses and individuals is slated to pass the Senate Wednesday over protests from conservatives who say it adds too much to the $12.5 trillion national debt. But compassion for the jobless and the political power of an annual package of [...]

Bank of America ends overdraft fees on debit cards
Bank of America customers will soon be unable to spend more than they have in the accounts linked to their debit cards. It's a step that may become a common move ahead of new regulations limiting overdraft fees. Rules set by the Federal Reserve that will ban banks from charging such fees, [...]

Runaway Prius driver: Brakes were ‘almost burned’
Before he called emergency dispatchers, James Sikes says he reached down with his hand to loosen the "stuck" accelerator on his 2008 Toyota Prius, his other hand on the steering wheel. The pedal didn't move. "My car can't slow down," he began when a California Highway Patrol dispatcher answered his call. Sikes, [...]

Wholesale inventories fall while sales increase
Businesses trimmed inventories at the wholesale level again in January even though sales rose for a 10th consecutive month. The dip in inventories underscored that businesses remain cautious about restocking their depleted shelves. The Commerce Department said Wednesday that inventories at the wholesale level were reduced 0.2 percent in January following [...]

JetBlue scales back growth plans for aircraft
JetBlue Airways Corp. is slowing deliveries of new aircraft to steady its growth and control costs. The airline, based in Forest Hills will now take delivery of 4 Airbus A320s next year instead of the 8 previously planned, CEO Dave Barger said at an investor conference Tuesday. JetBlue has also pushed back [...]

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