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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

IntegraMed chief gets award

June
30

IntegraMed America Inc., the Purchase-based company that runs fertility centers and vein clinics, said its preisdent and chief executive, Jay Higham, received the Ernst & Young Metro New York Entrepreneur of the Year 2008 Award in the healthcare category. The company said a panel of judges that included business, academic and civic leaders chose Higham. [...]

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

Armonk man to be CEO of New York Life

June
30

An Armonk man will become the 18th chief executive in the history of New York Life Insurance Co., the largest mutual life insurance company in the country.

Theodore A. Mathas, 41, who has been the company’s president since last July, will add the chief executive’s duties starting tomorrow. He replaces Sy Sternberg, who is retiring as [...]

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

Novartis using Emisphere technology in tests

June
30

Emisphere Technologies Inc., the biopharmaceutical company with research and development operations in Eastview, said this morning that Novartis Pharma AG has launched a study to determine whether a drug is effective in treating osteoporosis in women who are past menopause. Novartis will test oral PTH134 using Emisphere’s Eligen technology. The testing is being done in [...]

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

Gas prices rise 14 cents in two weeks

June
17

Another survey, another big increase in gasoline prices.

The average price of a gallon of regular unleaded in Westchester County stands at $4.44, according to a survey by the county’s Department of Consumer Protection. The average price rose 14 cents since the previous survey, which was conducted June 2.

Prices have shot up $1.14 a gallon [...]

Posted by Allan Drury on June 17th, 2008 | Post a Comment »

MBIA shares rally again

June
13

Shares of struggling Armonk-based bond insurer MBIA Inc. rose for a second straight day today after the company said it might pay out a special dividend, buy back shares or start a new insurance company.

MBIA shares closed at $5.87, up 56 cents, or 10.56 percent. On Thursday, MBIA shares rose 46 cents, or 9.48 percent.

The [...]

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

MasterCard to drop ‘illegal’ fees

June
13

MasterCard Inc., the giant credit card company based in Purchase, said this week it will drop 40-year-old transaction fees that European regulators have declared illegal.

The European Commission said last December the company had to devise an alternative to its interchange fees that doesn’t harm consumers. The commission said MasterCard would face a daily penalty of [...]

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

Law firms take office space in Rye Brook

June
13

The Private Office, a company that offers shared office space, said a pair of law practices have moved into 800 Westchester Ave. in Rye Brook. The offices of attorney Scott M. Sherman and Charles J. Favata have taken space in the building.

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

PepsiCo still expects to make $3.72 a share

June
10

PepsiCo Inc., the soda and snack food company in Purchase, said this morning its chief financial officer, Richard Goodman, will tell investors at a conference in London next week that the company continues to expect fiscal 2008 earnings of $3.72 a share.

Posted by Allan Drury on June 10th, 2008 | Post a Comment »

Nutrition 21 confirms forecast

June
10

Nutrition 21 Inc., the Purchase-based company that markets nutritional supplements, this morning confirmed its earnings forecast for its fiscal fourth quarter. The company said it continues to expect revenues for the quarter to be in the range of the $10.8 million reported for the third quarter, which ended in March.

Nutrition 21 also said it expects [...]

Posted by Allan Drury on June 10th, 2008 | Post a Comment »

Drew makes promotions

May
29

Drew Industries, the White Plains-based company that supplies parts for recreational vehicles and manufactured homes, said Fredric M. Zinn, who has been chief financial officer since 1986 and executive vice president since 2001, has been promoted to president. He was also elected to the board of directors.

Leigh J. Abrams will give up the president’s role [...]

Posted by Allan Drury on May 29th, 2008 | Post a Comment »

Properties to be up for auction

May
29

Those looking to buy property in a down real estate market will have the chance to bid on houses, condominiums, commercial buildings at an auction to be held June 8 at the Renaissance Westchester Hotel in White Plains.

United Country – Absolute Auctions Realty Inc. of Pleasant Valley will take bids on about 50 properties from [...]

Posted by Allan Drury on May 29th, 2008 | Post a Comment »

CVS has Mount Kisco store

May
29

CVS Caremark Corp. has opened a store and pharmacy at 10 S. Bedford Road in Mount Kisco. The company will hold a grand opening ceremony at the 17,000-square-foot store Saturday.

Posted by Allan Drury on May 29th, 2008 | Post a Comment »

Westchester offers pool safety tips

May
28

Westchester County’s Department of Consumer Protection is warning parents and others taking care of children about the dangers of inflatable pools.

The county’s laws require stores selling inflatable pools deeper than two feet to post signs urging parents to make sure their children are supervised while in the pool.

The department’s inspectors have been visiting retailers to [...]

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

Selling expert offers tips, encouragement

May
28

A mediocre salesperson tells a prospective customer what will happen “if” the customer places a deposit. But the highly successful salesperson talks about what will happen “when” or “once” the customer provides a deposit.

The so-so salesperson may ask the prospect a couple of questions about why the person needs the product of service for sale. [...]

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

Barr challenging patents for Crohn’s drug

May
28

Barr Laboratories Inc., the Pomona-based subsidiary of Barr Pharmaceuticals Inc., is challenging the patents held by AstraZeneca LP for the drug Entocort, which treats Crohn’s disease.

Barr filed an application with the U.S. Food and Drug Administration in January to seek the right to market a generic version of the drug. But AstraZeneca, a pharmaceutical company [...]

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

Hudson board approves executive raises

May
27

The independent members of the board of directors of Hudson Technologies Inc., the Pearl River company that decontaminates refrigeration equipment, has approved raises for the company’s top executives, including Kevin Zugibe, the chairman and chief executive.

Zugibe’s base annual salary became $192,800, effective May 5, the company said in a filing with the U.S. Securities and [...]

Posted by Allan Drury on May 27th, 2008 | Post a Comment »

IBM opens new center in India

May
27

Computer giant IBM Corp. of Armonk has opened a center in Pune, India to provide customers worldwide with business consulting services. The company said the new center is the fourth that IBM Global Business Services has opened in Pune. Pune is home to a number of equipment makers and auto industry experts, meaning the new [...]

Posted by Allan Drury on May 27th, 2008 | Post a Comment »

EpiCept pushing for drug approval

May
27

EpiCept Corp., a pharmaceutical company in Eastview, said today it has provided regulators in Europe with a “comprehensive dossier” stating why the regulators should re-consider the company’s application to market Ceplene, a drug to prevent certain leukemia patients from suffering a relapse.

The company said that in recent months a number of medical experts have recommended [...]

Posted by Allan Drury on May 27th, 2008 | Post a Comment »

Gamco names leader for subsidiary

May
27

Gamco Investors Inc., Mario Gabelli’s Rye-based money-management company, named Nicholas F. Galluccio to serve as president and chief executive of its Teton Advisors Inc. subsidiary, effective July 1.

Galluccio was formerly with Trust Co. of the West where he served as the group managing director and a portfolio manager for $4.5 billion in assets. He is [...]

Posted by Allan Drury on May 27th, 2008 | Post a Comment »

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 »

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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