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Business in the Burbs

Movers, shakers and newsmakers

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

Soano wants state probe of gas prices

March
19

Westchester County Executive Andy Spano has asked state Attorney General Andrew Cuomo to investigate what he calls the “unlawful and discriminatory practice of zone pricing” when it comes to gasoline. Zone pricing is the practice of oil companies charging higher wholesale prices to stations in certain geographic areas. The practice is generally based on local [...]

Posted by Allan Drury on March 19th, 2009 | Post a Comment »

Progenics reports fourth-quarter loss

March
13

Progenics Pharmaceuticals Inc., an Eastview-based biotechnology company, reported this morning that it lost $14.6 million during the fourth quarter of last year, compared to a loss of $15.3 million for the same period of 2007. On a per-share basis, the company lost 49 cents in the quarter ending in December, down from 53 cents a [...]

Posted by Allan Drury on March 13th, 2009 | Post a Comment »

IntegraMed earnings up 35 percent

February
17

Fourth-quarter earnings at IntegraMed America Inc. rose 35 percent to $1.16 million the company reported this morning. On a per-share basis, the company, which runs fertility centers and vein clinics, earned 13 cents, up from 10 cents. Revenues rose 11 percent to $50.3 million. Revenues from the fertility centers portion of the business grew 9 [...]

Posted by Allan Drury on February 17th, 2009 | Post a Comment »

Par loses lawsuit, ordered to pay $69.96 million

February
10

Par Pharmaceutical Co. Inc., which has research and manufacturing operations in Chestnut Ridge, disclosed this morning that a federal judge in Illinois has ordered it to pay $69.96 million in connection with a lawsuit. The company said the court entered the judgment in favor of Pentech Pharmaceuticals Inc., which alleged in 2004 that Par violated [...]

Posted by Allan Drury on February 10th, 2009 | Post a Comment »

Gas prices up 15.5 cents in Westchester

February
9

Gasoline prices in Westchester County rose 15.5 cents a gallon the past month, according to a survey by the county’s Department of Consumer Protection. The average price of a gallon of regular unleaded is $2.11, the department found in a survey posted on its Web site at www.westchestergov.com/consumer. While prices have been on rise lately, [...]

Posted by Allan Drury on February 9th, 2009 | Post a Comment »

Atlas reducing fleet of planes due to economy

February
6

The poor world economy has prompted Purchase-based Atlas Air Worldwide Holdings, Inc. to reduce its fleet of Boeing 747-200 planes by seven. The company, which transports cargo all over the world, has also reduced the size of its crew and ground staff, Atlas said this morning. Atlas said it expects 2008 pre-tax earnings from operations [...]

Posted by Allan Drury on February 6th, 2009 | Post a Comment »

Nutrition 21 swings to profit

February
5

Nutrition 21 Inc., the Purchase company that markets nutritional supplements under the Iceland Health, Chromax and Diabetes Essentials brands, earned $102,000 during the second quarter of its fiscal 2009, compared with a loss of $3.8 million, or 6 cents a share, a year earlier. Revenues in the quarter that ended in December were $12.9 million, [...]

Posted by Allan Drury on February 5th, 2009 | Post a Comment »

BioScrip to take Q4 charges

February
2

BioScrip Inc., a pharmacy benefits manager in Elmsford, said it will take an after-tax, non-cash charge of $80 million against its fourth-quarter earnings for the impairment of goodwill and the write off of assets to comply with an accounting rule. The company said the action is the result of poor market conditions that caused a [...]

Posted by Allan Drury on February 2nd, 2009 | Post a Comment »

Acorda submits drug application

February
2

Acorda Therapeutics Inc. of Hawthorne said this morning it has submitted an application to market Fampridine-SR, a treatment to help people with multiple sclerosis walk. The company said it believes that if the U.S. Food and Drug Administration accepts the application for review, the FDA could complete its review within 10 months. The company said [...]

Posted by Allan Drury on February 2nd, 2009 | Post a Comment »

Jarden boosts revenue outlook

January
7

Jarden Corp., the consumer products company based in Rye, predicted today that its fourth-quarter revenues will be slightly higher than the $1.3 billion estimate provided earlier. Revenue for all of 2008 is expected to be about $5.35 billion, the company said this morning. The company also said it finished the year with more than $360 [...]

Posted by Allan Drury on January 7th, 2009 | Post a Comment »

EpiCept Corp. in Eastview nearly through with debt

December
19

EpiCept Corp., a pharmaceutical company in Eastview, said it has nearly paid off its debts. The converted $1.9 million of senior secured debt into common stock and scheduled loan payments. The company reported outstanding senior secured debt of $2.8 million as of Sept. 30. The small remaining balance will be repaid by April 1, the [...]

Posted by Allan Drury on December 19th, 2008 | Post a Comment »

Rockland business people optimistic

December
19

The nation may be in the throes of a recession and financial crisis, but business owners in Rockland County are optimistic about the local economy and prospects for 2009, according to a survey conducted by the Rockland Business Association. Forty percent of those who responded to the survey said they expect to close the year [...]

Posted by Allan Drury on December 19th, 2008 | Post a Comment »

Acadia paying dividend, taking charge

December
19

Acadia Realty Trust, a real estate investment trust in White Plains, said it will pay shareholders a special dividend of 55 cents a share, a total of $18 million. The company’s board of trustees approved the payment, the company said. Acadia also said it is providing an impairment charge of $4.4 million against a certain [...]

Posted by Allan Drury on December 19th, 2008 | Post a Comment »

Apartments available at White Plains complex

December
19

Luxury apartments at The Summit at City Center in White Plains, a new complex developed by Louis Cappelli, are now available. The complex at 6 City Place next to Trump Tower and the New York Sports Club includes 24 apartments. There are 10 studios, seven one-bedroom units and seven two-bedroom units. Monthly rents, including utilities, [...]

Posted by Allan Drury on December 19th, 2008 | Post a Comment »

Starwood wins top Green certification

December
19

White Plains-based Starwood Hotels & Resorts Worldwide Inc. has earned a prestigious certification for its environmental efforts at its flagship Element Lexington, Mass., hotel. This is the first Starwood hotel to earn Gold certification from the U.S. Green Building Council’s Leadership in Energy and Environmental Design (LEED) program. It is also the first hotel in [...]

Posted by Allan Drury on December 19th, 2008 | Post a Comment »

Head of Drew subsidiary taking more duties

December
19

Drew Industries Inc., the White Plains company that provides parts for recreational vehicles and manufactured homes, said the head of its Lippert Components Inc. subsidiary will take responsibility for the operations of its Kinro Inc. subsidiary. Jason D. Lippert, the chairman, president and chief executive of Lippert, will replace David L. Webster as the head [...]

Posted by Allan Drury on December 19th, 2008 | Post a Comment »

Former Monsey company reaches EEOC complaint

December
15

A former Rockland County hardware and lighting distribution company will pay $325,0000 to settle allegations that female employees were subjected to sexual harassment, the U.S. Equal Employment Opportunity Commission said today. The EEOC’s 2003 lawsuit against American Tack and Hardware Inc. said the company was responsible for “repeated and egregious sexual harassment and retaliation.” The [...]

Posted by Allan Drury on December 15th, 2008 | Post a Comment »

Gas falls to $2.27 a gallon in Westchester

December
4

Gasoline prices in the Lower Hudson Valley and across the United States keep falling. The average price for a gallon of unleaded regular in Westchester County is $2.27, according to a survey by the county’s Department of Consumer Protection. That’s 51 cents lower than on Nov. 6, the last time the department conducted a survey. [...]

Posted by Allan Drury on December 4th, 2008 | Post a Comment »

Shoppers get an early start

November
28

Mark Peterson of Harrison stood in line in front of Kohl’s in Port Chester at 3:30 this morning hoping to get unbelievable bargains on toys for his young daughter. His sister, Lindsay Peterson of New Rochelle, is a bargain hunter, too. But her primary reason for being in the line was tradition. “I think it’s [...]

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

Nutrition 21 earns $200,000

November
13

Nutrition 21 Inc., the Purchase-based company that markets nutritional supplements, said this morning it earned $200,000 during the first quarter of its fiscal 2009, its first profitable quarter in seven years. The company lost $4.1 million in the first quarter of fiscal 2008. Revenues rose to $12.7 million, from $12.2 million. Michael Zeher, the company’s [...]

Posted by Allan Drury on November 13th, 2008 | Post a Comment »

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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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