February 9, 2010  



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L.I. Business News  Minimize 

NY proposal: Oust lawmakers for misdemeanors
A day before the New York state Senate is expected to decide whether to expel a senator convicted of misdemeanor assault, Senate Majority Leader Pedro Espada has proposed legislation to require the automatic expulsion of senators in such cases. Sen. Hiram Monserrate, a Queens Democrat, was convicted of dragging his girlfriend, but was acquitted of a [...]

Paterson won’t resign, spokeswoman says
A spokeswoman for New York Gov. David Paterson is calling rumors about his personal behavior "absolutely false" and says he will not resign. Paterson spokeswoman Marissa Shorenstein made the statement Monday. Rumors around the Capitol and anonymous reports in some media outlets about Paterson's personal conduct come as he considers seeking election later this year. Many in his [...]

Hempstead to limit Lighthouse
After waiting for Lighthouse developers to scale back their $3.8 billion plan, the Town of Hempstead will come with its own ideas for redeveloping the 77 acres around the Nassau Coliseum in Uniondale. Hempstead Town Supervisor Kate Murray said she will ask the town board Tuesday to hire engineering and planning consultants Frederick P. Clark Associates [...]

Paterson meets with lawmakers over future
Gov. David Paterson met privately with key Democratic leaders about his re-election plans as questions swirl around the state capitol about a variety of unproven accusations involving the Democratic governor's personal conduct. Paterson campaign spokesman Richard Fife said the weekend meetings and calls had nothing to do with the accusations but were "routine re-election campaign calls." "The governor [...]

LI Assembly seat for grabs in special election
Voters in parts of Queens, Long Island and Westchester County will decide who will fill the remaining months of four open New York state Assembly seats in special elections Tuesday. Regardless of the outcome, the races won't affect the Democrats' supermajority in the 150-seat Assembly. The terms will end Dec. 31, but winning the seat Tuesday will [...]

BofA Ponzi claims dismissed
One of the last and best hopes for victims of Nicholas Cosmo’s alleged Ponzi scheme to recover their lost millions has fizzled in court. Judge Arthur Spatt dismissed three lawsuits filed against Bank of America and two commodities brokerages that claimed the companies aided Cosmo in ripping off more than 5,000 investors in his Hauppauge-based investment [...]

LIPA adds green vehicles
As part of an ongoing move by government entities to replace aging vehicles with green alternatives, the Long Island Power Authority has bought two hybrid trucks and plans to add more energy-efficient vehicles to its fleet. LIPA said it already shifted more than a quarter of its 607-vehicle fleet to clean energy components including gasoline hybrids, [...]

LI company nets VC cash
One Long Island company has scored $7 million in venture capital funding in the fourth quarter, the only venture money invested locally last year, according to an industry report. Aviary Inc. in Hewlett, which offers web-based software for image and audio editing, nabbed the funds, one of 66 companies that got venture money in the New [...]

A place for at-risk adolescents
Created in 1979 by the county executive as a blue ribbon task force, the Suffolk Network on Adolescent Pregnancy-Long Island works to mitigate the effects of teen pregnancy. SNAP serves vulnerable populations of adolescents between the ages of 10 and 19 in targeted, high-risk communities in Suffolk. “We believe young people are entitled to research-based, age-appropriate, [...]

Nixon grandson to take on Bishop
Rep. Timothy Bishop has had relatively little trouble winning re-election three times to his House seat. But with anti-incumbent sentiment percolating coast to coast, seven Republicans, including a grandson of President Richard Nixon, are seeking the nomination to challenge the incumbent Democratic congressman from eastern Long Island. But before they can take aim at Bishop, Republicans will first [...]

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