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Jay Loomis has been covering business, personal finance and market stories for The Journal News since January 1999. He previously covered business at newspapers in Winston-Salem, N.C., and Decatur, Ala. In past years, he has won numerous journalism awards recognizing coverage of topics such as executive compensation, the skills shortage in the work force and the loss of family farms. Loomis, a graduate of Vanderbilt University in Nashville, Tenn., likes to read and watch baseball in his spare time.
E-mail Jay Loomis at jloomis@lohud.com
WHX Corp., a White Plains-based industrial products manufacturer, said that it has completed a stock offering in which it sold nearly 111.8 million shares of its common stock to existing stockholders through the exercise of rights at a subscription price of $1.40 per share.
The company said that it will use proceeds from the offering [...]
Nespoli, a resident of Stony Point, became a sanitation worker in 1970 and was soon active in [...]
Clarfeld Financial Advisors Inc., a Tarrytown-based wealth management firm, recently received the “Best-In-Tech Award” at Schwab Institutional’s third annual IMPACT Awards in Atlanta. Clarfeld was recognized for the development of an information technology system that improves service to clients.
When Congress passed a stimulus plan earlier this year, it was designed to put additional money in the bank accounts of average Americans at a time of economic uncertainty.
But the program of one-time stimulus payments has yet to benefit thousands of residents in the lower Hudson Valley. That’s because an estimated 16,810 retirees and disabled [...]
Small businesses in 23 New York counties may be eligible for federal economic injury disaster loans if they suffered lossses from hail, high winds and heavy rain from May 20 through June 13, according to the U.S. Small Business Administration.
Westchester, Rockland and Putnam are on the list of counties covered by the program. Loans [...]
The Center for Wound Healing Inc., a Tarrytown-based manager of wound care treatment centers, reported a net loss of $4.3 million for its fiscal year ending June 30, or 19 cents a share. That was less than the net loss of $9.4 million, or 41 cents per share a year earlier.
Operating income of [...]
Koren Rogers Executive Search, a White Plains-based executive search firm, recently bought April International, a financial services recruiting firm based in New Rochelle.
April International will become a part of the Koren Rogers brand and serve as the combined company’s financial services division.
The combined companies will be housed at the current Koren Rogers [...]
Shares of hotel companies have fallen sharply this week after analysts raised concerns that a slowing economy could hurt occupancy and room rates.
The decline continued today after JPMorgan Chase cut its ratings on Starwood Hotels & Resorts Worldwide Inc. of White Plains and other hotel operators. JPMorgan said that its research on the hotel [...]ITT Corp., a White Plains-based defense contractor, said that it has received a $153 million order for night-visision military gear from the U.S. Army.
The order covers equipment known as AN/PVS-14 night vision monocular that allows soldiers to adjust the system in varying light conditions in both urban and rural areas. The night-vision equipment can be [...]
Amalgamated Life Insurance Co. said that it has signed a lease to move its corporate headquarters from Manhattan into 132,000 square feet at the former General Foods headquarters at 333 Westchester Avenue in White Plains. News of the move was first revealed on Sept. 4 when Westchester County’s Industrial Development Agency approved a package of [...]
Two of America’s biggest coffee brands are involved in a legal battle over the plastic containers in which they sell their products.
Procter & Gamble Co., which sells Folgers Coffee, has filed a patent lawsuit against rival Kraft Foods Inc., well known for its Maxwell House brand. Procter’s lawsuit alleges that new four-pound plastic containers for [...]
Bunge Ltd., the White Plains-based agribusiness giant, and Itochu, a Japanese trading company, expect to invest $800 million in two joint ventures that will produce sugar and ethanol in Brazil.
In one project, Itochu will buy a 20 percent stake in a sugar-cane mill in Santa Juliana, Brazil, that Bunge bought last year. Bunge [...]
Pepsi Bottling Group Inc. is expanding its service territory in several fast growing Western states with an agreement to buy Lane Affiliated Cos. Inc., the eighth largest Pepsi bottler in the United States.
Lane, a family-owned business founded more than 70 years ago, is based in Colorado Springs, Colo. Its service region includes parts of Colorado, [...]
Lynne C. Allan has been named chief operating officer at Community Bank of Orange.
In this position, Allan will be responsible for all the day-to-day operations of the Middletown-based bank. Allan has nearly 20 years of experience in the banking industry. Most recently, she was senior vice president of marketing and human resources for Union [...]
Two companies based in Westchester County are included on Working Mother magazine’s list of the 100 best companies for 2008.
IBM Corp. of Armonk and MasterCard Inc. of Purchase were among the 27 New York-based companies on the list. Companies were selected based on an application with more than 500 questions focused on [...]Allstate Insurance Co. recently opened a new office in Garnerville at 75 Ramapo Road. The office is owned and operated by agent Steven Vitiello. The office sells auto, property and life insurance. It also offers financial services inc
The New York Power Authority in White Plains has selected Richard M. Kessel to serve as president and chief executive officer.
The power authority is the largest state-owned electric utility in the nation. It operates 18 generating plants and more than 1,400 circuit-miles of transmission lines across the state.
“Richard Kessel has extensive experience in [...]
DailyLit, a digital publisher based in Mamaroneck, said that it will offer several books from Oxford University Press through its Web site or e-mail.
The venture is the result of an agreement between DailyLit and Oxford University Press announced today.
Titles originally published by Oxford University Press that are now available on DailyLit.com include “Weird and Wonderful [...]
Companes struggling with an uncertain economy, lower earnings and the credit crunch have sharply reduced their stock buyback programs this year.
Share repurchases by companies in the S&P 500 index are expected to fall 44.3 percent to $87.9 billion during the second quarter to the lowest levels in three years, according to Standard & Poor’s.
Standard & [...]
Copyright ©2007 The Journal News, a Gannett Co. Inc. newspaper serving Westchester, Rockland and Putnam counties in New York.
