Churchill Ventures Ltd. of Scarborough said its shareholders voted today to dissolve the company after it was unable to consummate a business deal for which it was created. Formed in June 2006, Churchill Ventures raised $107.5 million to buy an operating business in the communications, media or technology industries within an 18- to 24-month period.

Dress Barn Inc. President and Chief Executive Officer David R. Jaffe and two other incumbents were re-elected to the retailer’s board of directors at last week’s shareholder’s meeting at the company headquarters in Suffern. Jaffe, Klaus Eppler, and Kate Buggeln will serve three-year terms until 2011. Shareholders also authorized the board to increase the number [...]

ITT Corp. of Harrison said that it expects 2009 profits of $3.60 to $4 a share, below this year’s profit range, and said that next year’s revenue would fall from 2 to 6 percent. The stock jumped 8.88 percent on news that executives would recommend a higher dividend. ITT said that management would recommend an [...]

The board of directors of Emisphere Technologies Inc. plans to name a successor to fill the seat of longtime director Howard M. Pack of Scarsdale, who died of a heart attack while seeing his doctor on Dec. 9, company spokesman Bob Madison said yesterday. Pack, 90, had been on the board since Emisphere’s inception in [...]

The debt-strapped owner of more than 650 U.S. shopping malls, including the Cortlandt Towne Center and seven other plazas in the Lower Hudson Valley, appears ready to turn over control of most of the company to lenders under a tentative refinancing deal announced this week. Centro Properties Group of Melbourne, Australia said it has obtained [...]

Business staff at Sound Shore Medical Center in New Rochelle and Mount Vernon Hospital voted 4-to-1 today to join United Healthcare Workers East, Local 1199 of Service Employees International Union, a union organizer said yesterday. The vote was 106 to 24, with seven votes challenged, said Minerva Solla, vice president with the union’s organizing department. [...]

About 180 business staff at Sound Shore Medical Center in New Rochelle and Mount Vernon Hospital will vote tomorrow on whether to join United Healthcare Workers East, Local 1199 of Service Employees International Union. If successful, it would be the second group of hospital business workers that Local 1199 has organized in Westchester County this [...]

Mount Kisco Medical Group has extended its contract with MVP Health Care for three years effective the start of 2009, both sides said today. MVP is the third insurer with whom the medical group has renewed contracts. Cigna and Healthnet signed deals earlier, said Dr. Scott Hayworth, the practice’s chief executive officer. Talks are continuing [...]

The Journal News today laid off 36 full-time employees and eliminated four vacant positions as the paper faces continued retrenchment in the regional economy, Publisher Michael Fisch said. The cuts are part of wider layoffs this week throughout Gannett Co. Inc., the owner of The Journal News. The corporation said in October it would reduce [...]

USA Bank in Port Chester said it had lower losses in the third quarter and warned that near-term profitability would be “a major challenge.” The commercial bank, founded in 2005, said it had a net loss of $118,000, or 2 cents a share, for the third quarter, compared to a net loss of $843,000, or [...]

The Mount Vernon Chamber of Commerce roundtable lunch meeting scheduled for tomorrow, Nov. 20 has been cancelled, chamber President Frank T. Fraley said. The next roundtable lunch meeting will be held on Thursday, Dec. 11.

The Westchester Bank in Yonkers has named three businessmen in the county to its board of directors: Eugene S. Reisman, Peter C. Cunningham and Howard B. Arden. Reisman, a Pleasantville resident, is chief operating officer and managing member of the real estate law firm of Novick, Edelstein, Lubell, Reisman, Wasserman & Leventhal in Yonkers. Reisman [...]

North Street Community LLC has opened the Westchester Medical Pavilion, a 72,000-square-foot medical office complex at 311 North St. in White Plains. About 40 percent of the four-story building has been leased so far following a $4 million renovation, the developer said. Among the new leases: Hospice & Palliative Care of Westchester, a not-for-profit home [...]

Nassau County Executive Thomas Suozzi, who chairs the state Commission on Property Tax Relief, met yesterday with the 45-member board of directors of the Business Council of Westchester to discuss property tax cap legislation before the state Legislature. Afterward, directors of the Harrison-based business group said they would urge their membership to write and call [...]

Jerry Gleeson The Journal News The parent company of Provident Bank in Montebello said it had higher profits and revenues for the fourth quarter and its full fiscal year, citing loan growth and more efficient operations. The parent, Provident New York Bancorp, said that for the fourth quarter ending Sept. 30, it had net income [...]

John M. Tolomer, a former regional executive with Commerce Bank, will return to the area when he takes over as president and chief executive officer of The Westchester Bank in Yonkers effective Nov. 3. Tolomer, 52, will succeed George E. Dunkel, who will retire after nearly 50 years in the business, Westchester Bank said. Dunkel [...]

  The Westchester County Association and Pace University have cancelled Friday morning’s event with U.S. Rep. Steve Israel at the Pace School of Law in White Plains. The Long Island Democrat will remain in Washington, D.C. as the House of Representatives considers a new Wall Street rescue bill. Israel, a member of the House Appropriations Committee, [...]

Plans by The New York Times to close its City & Suburban delivery service by January is expected to include an operation in New Rochelle. The newspaper said it would eliminate the equivalent of 550 jobs when it closes the wholesale distribution service. The division, formed in 1992, handles delivery of the Times and other [...]

The Westchester County Association’s Young Professional Advisory Committee continues its Home Buyers Series with a panel discussion by local Realtors and attorneys from 6-8 p.m. Tuesday, Sept. 9, at 1133 Westchester Ave. in White Plains. A cocktail reception will follow the talk. The program will be moderated by William R. Zeltner, an attorney with Bertine, [...]

The Insl-X Products Corp. paint plant in Stony Point will close by Dec. 30, eliminating 60-65 jobs in Rockland County, a spokeswoman for the company’s new owner said. Benjamin Moore & Co. announced in March that it had acquired Insl-X from owner James A. Weil of Scarsdale. Moore spokeswoman Eileen McComb said about two dozen [...]