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Business in the Burbs

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Allan Drury

Allan DruryAllan Drury covers corporate governance, telecommunications, energy and other business-related topics for The Journal News. He has a bachelor's degree in journalism from the University of Rhode Island in Kingston, R.I. Before joining the business staff of The Journal News in 2002, he was a business reporter for The Portland Press Herald in Portland, Maine.

E-mail Allan Drury at adrury@lohud.com

Entries written by Allan Drury

Integramed announces promotion

May
16

IntegraMed America Inc., the Purchase-based company that runs vein clinics and fertility centers, said Dan P. Doman has been promoted to president of the Vein Clinics of America division. The move became effective Thursday, the company said this morning. He replaced Kush Agarwal, who retired but remains a board member. Doman was chief financial officer [...]

Posted by Allan Drury on May 16th, 2008 | Post a Comment »

Progenics loss widens

May
9

Progenics Pharmaceuticals Inc., an Eastview company that is about to start marketing a drug for the treatment of constipation in patients who are on certain pain relievers, lost $15.5 million, or 52 cents a share, during the first quarter of this year.

The loss widened from the $10.4 million, or 40 cents a share, reported for [...]

Posted by Allan Drury on May 9th, 2008 | Post a Comment »

Barr boss promises earnings will improve

May
8

The chief executive of Barr Pharmaceuticals Inc., which has research operations in Rockland County, said this morning the company’s first-quarter earnings were disappointing but will improve later in the year.

The company, the parent of Barr Laboratories Inc., earned $23 million, or 21 cents a share, in the quarter that ended in March. A year earlier, [...]

Posted by Allan Drury on May 8th, 2008 | Post a Comment »

Jarden profit triples

May
8

Jarden Corp., the consumer products company based in Rye, said this morning its first-quarter profit more than tripled to $4.7 million or 6 cents a share.

A year earlier, the company earned $1.4 million, or 2 cents a share.

The company, which markets Rawlings sporting goods, Mr. Coffee machines and Coleman camping equipment, also reported its results [...]

Posted by Allan Drury on May 8th, 2008 | Post a Comment »

Nutrition 21 loss widens

May
8

Nutrition 21 Inc., the Purchase-based company that markets nutritional supplements, lost $8.2 million during the quarter that ended in March, compared with a loss of $2.2 million a year earlier.

On a per-share basis, the company lost 13 cents during this year’s quarter, the third quarter of its fiscal 2008. A year earlier, the loss was [...]

Posted by Allan Drury on May 8th, 2008 | Post a Comment »

Hudson boss has plan for stock sales

May
7

Hudson Technologies Inc., the Pearl River company that decontaminates large refrigeration equipment, said Kevin Zugibe, the chairman and chief executive, has adopted a plan to sell some of his Hudson shares.

The plan allows Zugibe to sell up to $1 million shares over a one-year period.

Zugibe said he plans to use some of the money [...]

Posted by Allan Drury on May 7th, 2008 | Post a Comment »

Emisphere matches loss from last year first quarter

May
7

Emisphere Technologies Inc., the biopharmaceutical company with research and development operations in Eastview, lost $3.9 million during the first quarter, matching its loss from the first quarter of last year.

On a per-share basis, this year’s loss was 13 cents, compared with 26 cents last year.

The company’s operating loss narrowed to $6.5 million from $7.1 million.

Emisphere, [...]

Posted by Allan Drury on May 7th, 2008 | Post a Comment »

Universal reports loss due to subprime crisis

May
7

Universal American Corp., the health and life insurer in Rye Brook reported last night it lost $46 million, or 50 cents a share, during the first quarter, largely because of impairments on its portfolio due to the subprime mortgage crisis.

The company said the loss includes $29.8 million from the subprime impairments.

During the first quarter of [...]

Posted by Allan Drury on May 7th, 2008 | Post a Comment »

Tal reports first-quarter results

May
6

Tal International Group Inc., which leases freight containers, lost $3.8 million, or 12 cents a share, during the first quarter, compared with a profit of $11.1 million, or 33 cents a share, a year earlier. Adjusted pre-tax income was $25.9 million, an improvement over the $20.4 million reported last year. Revenues were up to $101.1 [...]

Posted by Allan Drury on May 6th, 2008 | Post a Comment »

PepsiCo reducing size of drink bottles

May
6

Just as much drink with less plastic.

That’s what customers who buy 500-milliliter bottles of Lipton Iced Tea, Tropican juice, Aquafina FlavorSplash and Aquafina Alive will get.

PepsiCo, the Purchase-based company that markets the drinks, said it has reduced the amount of plastic in the bottles by 20 percent, enough to prevent 20 million pounds of [...]

Posted by Allan Drury on May 6th, 2008 | Post a Comment »

AT&T expands 3G network

May
5

AT&T Inc. has expanded its broadband wireless network in Westchester County. The expansion of the third-generation network means users in the county will have better access to the Internet, e-mail and entertainment services.
With the addition of new technology to 65 cell towers, the network is now available in Yonkers, Mamaroneck, Rye, Mount Vernon, Eastchester, Bronxville, [...]

Posted by Allan Drury on May 5th, 2008 | Post a Comment »

Acorda sales grow, loss widens

May
5

Acorda Therapeutics Inc., the pharmaceutical company in Hawthorne, reported this morning that it lost $16.43 million, or 54 cents a share, during the first quarter, compared with a loss of $7.5 million, or 32 cents, a year earlier.

Net sales of the company’s product, Zanaflex, grew to $11.49 million from $8.31 million.

Zanaflex is a treatment [...]

Posted by Allan Drury on May 5th, 2008 | Post a Comment »

Drew sales, profits drop due to industry slump

May
5

A decline in the production of recreational vehicles helped drive down first-quarter sales and profits at White Plains-based Drew Industries Inc.

The company earned $9.1 million, or 41 cents a share, during the quarter that ended in March, a 5 percent drop from the profit of $9.59 million, or 44 cents a share, during the first [...]

Posted by Allan Drury on May 5th, 2008 | Post a Comment »

Bedford resident retiring from Verizon

May
3

Bedford resident Daniel C. Petri has announced his plans to retire from Verizon Communications Inc., where he serves as group president — International. Petri, who has been with the giant Manhattan-based phone company for 37 years, will retire Aug. 1, the company said. Since 2002, Petri has been responsible for Verizon’s businesses outside the United [...]

Posted by Allan Drury on May 3rd, 2008 | Post a Comment »

BioScrip reports mixed results

May
3

BioScrip Inc. of Elmsford, a specialty pharmaceutical health care business, lost $500,000, or a penny a share, during the first quarter, compared with a loss of $1.3 million, or 4 cents a share, during the first three months of last year. The company said Friday its operating profit was $185,000, an improvement over the $136,000 [...]

Posted by Allan Drury on May 3rd, 2008 | Post a Comment »

IntegraMed reports profit gain

May
1

IntegraMed America Inc., a Purchase-based company that runs fertility centers and vein clinics, earned $655,000, or 8 cents a share, during the first three months of this year, an improvement over the $615,000, or 7 cents a share, in profit during the first quarter of 2007. The gain came despite a $495,000 negative swing related [...]

Posted by Allan Drury on May 1st, 2008 | Post a Comment »

Regeneron reports narrower loss

May
1

Regeneron Pharmaceuticals Inc. of Eastview lost $11.6 million, or 15 cents a share, during the first quarter, compared with a loss of $29.9 million, or 46 cents a share, a year earlier, the company reported this morning.

Revenues rose to $56.4 million from $15.8 million.

The company got approval to market its first product, Arcalyst, in February, [...]

Posted by Allan Drury on May 1st, 2008 | Post a Comment »

MVC gets credit line

April
30

MVC Capital Inc., a Purchase-based company that makes private debt and equity investments, has gotten a $50 million, two-year revolving line of credit from Branch Banking and Trust Co. The line is in addition to MVC’s existing $100 million credit agreement with Guggenheim Corporate Funding LLC.

MVC said the $50 million line will be used to [...]

Posted by Allan Drury on April 30th, 2008 | Post a Comment »

IBM’s success in slow economy to be highlighted

April
28

IBM Corp.’s success selling computers, software and services to businesses despite the slowing economy will likely be the centerpiece message tomorrow as the computer giant’s leadership faces investors in Charlotte, N.C.

In one of his rare public appearances, IBM’s chairman, president and chief executive, Samuel J. Palmisano, will give his yearly update on the health of [...]

Posted by Allan Drury on April 28th, 2008 | Post a Comment »

IntegraMed expanding in South Carolina

April
28

IntegraMed America Inc. of Purchase said this morning it has a 25-year agreement to provide its fertility services to Southeastern Fertility Center in Mount Pleasant, S.C. near Charleston.

Under the contract, IntegraMed has purchased the assets of Southeastern Fertility and promised to commit other resources to grow the business. IntegraMed, which runs fertility centers and vein [...]

Posted by Allan Drury on April 28th, 2008 | Post a Comment »

About this blog
Business in the Burbs is our online news blog about businesses based or operating in the Lower Hudson Valley. Visitors here will also find items of interest to consumers in the region. Most contributions are from business reporters and editors covering Westchester, Rockland and Putnam counties.

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