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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

EpiCept reports Q3 loss, touts drug approval

November
7

EpiCept Corp., an early-stage Eastview pharmaceutical company, reported this morning that it lost $6.2 million, or 9 cents a share, in the third quarter, compared with a loss of $7.7 million, or 20 cents a share, last year. Jack Talley, the president and chief executive of EpiCept, said the company focused during the quarter on [...]

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

Barr reports profit drop for Q3

November
6

Barr Pharmaceuticals Inc., which has generic-drug research operations in Pomona, earned $31 million, or 28 cents a share, on revenues of $737 million in the third quarter. A year earlier, the company earned $39 million, or 36 cents a share, on revenues of $602 million. But the company said that by a different calculation – [...]

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

Prestige profit rises on lower interest expense

November
6

Prestige Brands Holdings Inc., the Irvington company that markets Comet cleanser, Murine eye and ear drops and Prell shampoo, said today profits for its fiscal second quarter rose 25 percent to $8.5 million, or 17 cents a share, due to a reduction in interest expenses. The company said interest expenses dropped by 30 percent because [...]

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

BioScrip reports profit, settlement

November
4

Elmsford-based pharmacy benefits manager BioScrip Inc. said it earned $1.4 million, or 4 cents a share, in the third quarter, a drop from the $1.7 million, which was also 4 cents a share, last year. Revenues rose to $359.4 million from $297.6 million. This year’s results included a one-time charge of $795,000, or 2 cents [...]

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

Regeneron revenues rise, but loss widens

November
4

Regeneron Pharmaceuticals Inc., a biotech company in Eastview, reported this morning that it lost $21.1 million, or 27 cents a share, in the third quarter, compared with a loss of $35.8 million, or 54 cents, last year. Revenues rose to $65.6 million from $22.3 million. The company said its revenue was from research and development [...]

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

Acorda reports wider loss, but revenues gain

November
4

Acorda Therapeutics Inc., the Hawthorne company that sells a drug for people with multiple sclerosis, said this morning its third-quarter loss more than doubled to $18.9 million from $8.5 million last year. On a per-share basis, the company lost 53 cents in the quarter that ended in September, compared with 30 cents last year. Acorda, [...]

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

Pepsi buys Canadian seed company

October
29

PepsiCo Inc., the beverage and snack food company based in Purchase, said this morning it has an agreement to buy Spitz International Inc., which markets sunflower and pumpkin seeds in Canada. Spitz will continue its Canadian operations in Bow Island and Medicine Hat, Alberta and report into Frito-Lay North America. Pepsi said the acquisition is [...]

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

IntegraMed profits, revenues grow in Q3

October
27

IntegraMed America Inc., a Purchase-based operator of fertility centers and vein care clinics, said this morning it earned $1.15 million, or 13 cents a share, during the third quarter, compared with profit of $961,000, or 11 cents a share, last year. Revenues rose 30 percent to $52.3 million, the company said. “IntegraMed continues to achieve [...]

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

Spano wants oil dealers to re-negotiate contracts

October
22

Westchester County Executive Andrew Spano wants oil dealers to renegotiate fixed-price contracts customers signed during the summer when prices were much higher than they are now. Spano said a survey conducted by the county’s Department of Consumer Protection showed the average price has dropped to $2.78 a gallon. That’s a drop of 46.3 cents from [...]

Posted by Allan Drury on October 22nd, 2008 | Post a Comment »

Atlas Air lowers 2008 guidance

October
10

Atlas Air Worldwide Holdings Inc., the Purchase company that transports cargo in Boeing 747s, has lowered its earnings expectations. The company said it expects pre-tax earnings from operations for the year to be more than $65 million. The company previously said it expected about $85 million. The estimate does not include a pre-tax gain of [...]

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

EpiCept gets marketing rights in Europe

October
9

EpiCept. Corp. of Eastview said regulators in Europe have approved the company’s application to market Ceplene, a drug for adults with acute myeloid leukemia. The approval allows the company to market the drug in 27 European Union states, as well as Iceland, Liechtenstein and Norway. The company also wants to get permission to market the [...]

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

Atlas Air buying back shares

October
9

Atlas Air Worldwide Holdings Inc., the air cargo carrier in Purchase, said its board has approved a plan to spend up to $100 million to buy back shares of company stock. Based on Wednesday’s closing price of $26.58 a share, the buy back would cover 17 percent of the company’s issued and outstanding shares. The [...]

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

BP station converting from repairs to convenience

September
24

The BP station at 335 North Broadway in Sleepy Hollow has a new business model. The station has done away with its repair business and opened a convenience store. Peter Castro, the owner, said it’s gotten harder to run a profitable repair garage as automobiles improve and require fewer repairs. The advent of leasing also [...]

Posted by Allan Drury on September 24th, 2008 | Post a Comment »

MBIA says it has money to cover payments

September
22

MBIA Inc., the bond insurer in Armonk trying to recover from losses it took due to its exposure to subprime loans, said this morning it has enough cash and government securities to cover the cost of termination payments under investment contracts if it is downgraded. The company said it has $18.1 billion in liabilities from [...]

Posted by Allan Drury on September 22nd, 2008 | Post a Comment »

BioScrip shares rise after announcement

September
12

Shares of Elmsford-based pharmacy benefit manager BioScrip Inc. nudged higher today, a day after the company announced it would lose $100 million in 2009 revenue due to a decision by UnitedHealth Group to terminate a contract. BioScrip shares closed at $2.61, up 5 cents, or about 2 percent. Under the contract, BioScrip drugs and services [...]

Posted by Allan Drury on September 12th, 2008 | Post a Comment »

One to One Leadership creates division

September
12

One to One Leadership, a management and consulting company in Pelham, has started a new recruiting division called One to One People. The division, started by Sean O’Neil, a One to One principal, will recruit professionals for businesses across any industry and of any size. To help manage the new divsion, the company has appointed [...]

Posted by Allan Drury on September 12th, 2008 | Post a Comment »

Wyeth says employee didn’t lodge complaints

September
12

A former Wyeth Pharmaceuticals Inc. employee who is suing the company testified in a deposition that she could not recall telling management or her union that she felt she faced race discrimination, lawyers for the company said in court papers filed this week. Wyeth lawyers cited the deposition testimony of Nadine Aspilaire, who worked at [...]

Posted by Allan Drury on September 12th, 2008 | Post a Comment »

GlobeOp investing $10.5 million in Yorktown Heights

September
11

GlobeOp Financial Services plans to buy office and data center space in Yorktown Heights and move 70 employees now based in Harrison into the complex. The company, which is based in London and New York City and provides services to the financial services industry, paid $5 million for 1565 Front St. and plans to spend [...]

Posted by Allan Drury on September 11th, 2008 | Post a Comment »

Rite Aid stores accepting MasterCard new payments

September
10

MasterCard Inc. of Purchase said Rite Aid Corp. stores are now accepting MasterCard PayPass payments. Along with traditional credit cards, Rite Aid will accept PayPass to make transactions quicker for customers, the company said.

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

ITT chief executive pushes for sanitation investment

September
10

The chief executive of White Plains-based ITT Corp. yesterday called for greater worldwide investment in water sanitation and solving health problems in poor regions. “The impact of poor sanitation on the health of people in some of the world’s developing countries is well-documented and inescapable but still dramatically overlooked by governments and industry alike,” Steve [...]

Posted by Allan Drury on September 10th, 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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