Jay Loomis
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
Entries written by Jay Loomis
- August
- 17
Better Homes and Gardens Rand Realty has increased its presence in the Hudson Valley by expanding into Dutchess County through the acquisition of three Coldwell Banker Currier and Lazier Realtors offices. The acquisition by the White Plains-based brokerage adds 47 sales associates and offices in Fishkill, Poughkeepsie and Rhinebeck to its footprint in the region. [...]
Posted by Jay Loomis on August 17th, 2009 | Post a Comment »
- August
- 17
Pace University named a chief information officer as it looks to integrate the latest developments in information technology with the campus learning environment. Ganesan Ravishanker comes to Pace from Wesleyan University in Middltown, Conn., where he was nationally recognized for technology initiatives that transformed teaching and learning. Ravishanker, associate vice president for information technology at [...]
Posted by Jay Loomis on August 17th, 2009 | Post a Comment »
- August
- 17
Regulators have taken action against an Armonk stock broker who was accused of making unauthorized transactions in a customer’s account over a two-year period. Charles Edward Roden, a broker at Oppenheimer & Co. Inc., was fined $5,000 and suspended from associating with any industry company for 10 business days, according to the Financial Industry Regulatory [...]
Posted by Jay Loomis on August 17th, 2009 | Post a Comment »
- August
- 14
Gov. David Paterson has signed state legislation that allows Westchester County government to conduct public bond sales through nationally recognized Internet securities bidding services under a three-year pilot program. Officials say that conducting bond sales over the Internet are not only a technological advance over the traditional methods of paper bids or fax machines but [...]
Posted by Jay Loomis on August 14th, 2009 | Post a Comment »
- August
- 14
Treasures & Tales recently opened at 139 Grand Street in Croton-on-Hudson. The boutique sells women’s fashions, shoes, jewelry and home decor items. The owner is Liz Jacobson.
Posted by Jay Loomis on August 14th, 2009 | Post a Comment »
- August
- 14
LesserEvil, a Tuckahoe-based snack food company, recently ranked No. 355 on the 28th annual Inc. 500, a list of the nation’s fastest-growing private companies. The company, which touts its “better-for-you” popcorn and potato snacks, increased its revenue 696.6 percent over the from 2005 to 2008 to $3.4 million. The company ranked No. 7 in the [...]
Posted by Jay Loomis on August 14th, 2009 | Post a Comment »
- August
- 14
Hudson Technologies Inc., a Pearl River-based refrigeration services company, reported net income of $164,000, or 1 cent a share, during the second quarter, worse than the net income of $2.99 million, or 15 cents a share, a year earlier. Revenues decreased 37 percent to $8.3 million. Chief Executive Officer Kevin J. Zugibe said the results [...]
Posted by Jay Loomis on August 14th, 2009 | Post a Comment »
- August
- 14
The top executive at Heineken USA is departing at a time when the brewery company is struggling to maintain beer sales during the economic downturn. Don J. Blaustein will leave his post as president and chief executive officer of the American operations, based in White Plains, on August 31. It marks the second change in [...]
Posted by Jay Loomis on August 14th, 2009 | Post a Comment »
- August
- 13
Nutrition 21 Inc., a nutritional supplements company based in Purchase, said that it expects to report a net loss for its fiscal fourth quarter of about $4 million before taking into account an impairment charge for intangible assets. Operating profit for the fiscal year is expected to be positive before the impairment charge, the company [...]
Posted by Jay Loomis on August 13th, 2009 | Post a Comment »
- August
- 13
Visant Corp., an Armonk-based marketer of class rings and high school graduation products, reported net income of $84.5 million for the second quarter, down from net income of $94.2 million a year earlier. Net sales of $498.8 million dropped from $567.6 million a year earlier. Chief Executive Officer Marc Reisch said that the company’s marketing [...]
Posted by Jay Loomis on August 13th, 2009 | Post a Comment »
- August
- 12
ITT Corp., a White Plains-based defense contractor, said that it has received a $43 million order for enhanced night vision goggles and spare parts from the U.S. Army’s Research, Development and Engineering Command Acquisition Center. The order is a followup to an existing contract between the Army and ITT. The company’s night-vision goggle business is [...]
Posted by Jay Loomis on August 12th, 2009 | Post a Comment »
- August
- 12
WHI Solutions, a Rye Brook-based provider of online products for the automotive industry, said that Al Giombetti has been elected to its board of directors. Giombetti is the former president of Ford Lincoln Mercury and general manager of Ford’s Customer Service Division.
Posted by Jay Loomis on August 12th, 2009 | Post a Comment »
- August
- 12
LeCroy Corp., the Chestnut Ridge oscilloscopes maker, reported a net loss of nearly $3.4 million, or 28 cents a share during its fiscal fourth quarter, worse than the net loss of $810,000, or 7 cents a share, a year earlier. Revenues fell to $27.2 million from $40.7 million a year earlier. “LeCroy’s fourth-quarter results were [...]
Posted by Jay Loomis on August 12th, 2009 | Post a Comment »
- August
- 12
Pacific Asia Petroleum Inc., a Hartsdale-based oil and natural gas company, said that it has started operations at its first oil well in the Liaoning Province of China through the work of its Hong Kong subsidiary and a Chinese partner. Production at additional wells in the province are expected to follow. “We are targeting hundreds [...]
Posted by Jay Loomis on August 12th, 2009 | Post a Comment »
- August
- 12
PepsiCo Inc., the Purchase-based beverage and snack food giant, is buying Brazil’s largest coconut water company as it looks to expand its business in one of the world’s fastest growing markets. The acquisition of Amacoco Nordeste Ltda. and Amacoco Sudeste Ltda. also marks another step in PepsiCo’s ongoing efforts to capture additional customers by broadening [...]
Posted by Jay Loomis on August 12th, 2009 | Post a Comment »
- August
- 11
CMS Bancorp Inc., the White Plains-based parent of Community Mutual Savings Bank, reported a net loss of $119,000, or 7 cents a share, for the quarter ended June 30, an improvement from a net loss of $178,000, or 10 cents a share, a year earlier. “While we experienced a loss in the quarter…we have continued [...]
Posted by Jay Loomis on August 11th, 2009 | Post a Comment »
- August
- 11
Shares of MBIA Inc. fell nearly 13 percent today after a Wall Street analyst downgraded the stock and raised questions based about the financial outlook facing the Armonk-based bond insurer. JPMorgan Chase & Co., which cut its rating on the stock to “underweight” from “neutral,” issued a research report that cited “concerns over earnings quality [...]
Posted by Jay Loomis on August 11th, 2009 | Post a Comment »
- August
- 11
Bunge Ltd., the White Plains-based agribusiness giant, expects to raise about $697 million by selling 10 million shares to investors. Bunge said that it expects to use the proceeds from this offering to repay debt and for other corporate purposes. The company added that it expects to grant the offering’s underwriters a 30-day option to [...]
Posted by Jay Loomis on August 11th, 2009 | Post a Comment »
- August
- 11
Environmental Power Corp., a Tarrytown-based company that produces natural gas from animal waste and other organic materials, reported a net loss of $2.6 million, or 17 cents a share, during the second quarter, an improvement from a net loss of $5.3 million, or 34 cents a share, a year earlier. The company said that the [...]
Posted by Jay Loomis on August 11th, 2009 | Post a Comment »
- August
- 11
Hydrive Energy LLC, a Rye-based energy drink company, will gain shelf space across for its products across much of the United States through a retail distribution agreement with Dr Pepper Snapple Group. The Hydrive drinks and chew food products will roll out to the majority of Dr Pepper Snapple’s distribution locations during the next six [...]
Posted by Jay Loomis on August 11th, 2009 | Post a Comment »