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
- November
- 6
Pepsi Bottling Group Inc. in Somers said that it has signed an agreement to distribute Muscle Milk in the United States and Canada starting in January.
Muscle Milk, a protein-enhanced beverage manufactured by CytoSport Inc. of Benicia, Calif., “promotes lean muscle growth, fast recovery from exercise and healthy, sustained energy,†according to promotional claims.
[...]
Posted by Jay Loomis on November 6th, 2008 | Post a Comment »
- November
- 6
General Patent Corp., a Suffern-based patent licensing and enforcement firm, said that its subsidiary Acticon Technologies LLC has settled a patent lawsuit against L-3 Communications Ilex Systems Inc., a California-based telecommunications company. Acticon’s federal lawsuit alleged that an L-3 product infringed on two of Acticon’s patents. Terms of the settlement were not disclosed.
Posted by Jay Loomis on November 6th, 2008 | Post a Comment »
- November
- 6
Bunge Ltd. executives may be left standing at the altar of a busted corporate marriage if their partner follows through with a threat to cancel the wedding.
Four months after Bunge, a White Plains-based agribusiness giant, announced plans to buy Corn Products International Inc., the proposed hookup hit a snag yesterday when the target company said [...]
Posted by Jay Loomis on November 6th, 2008 | Post a Comment »
- November
- 5
Visant Corp., a marketing and publishing services business in Armonk, reported a net loss of $1.9 million during the third quarter, compared to a net loss of $2.8 million a year earlier.
Net sales increased 8 percent to $256.7 million. Sales increased in business units that sell class rings and school yearbooks.
Marc Reisch, [...]
Posted by Jay Loomis on November 5th, 2008 | Post a Comment »
- November
- 5
Hudson Technologies Inc., a Pearl River-based refrigeration services company, reported net income of $2.7 million, or 14 cents a share during the third quarter, compared to net income of $357,000, or 2 cents a share, a year earlier. Revenues of $5.8 million jumped 23 percent from a year earlier, primarily due to increases in the [...]
Posted by Jay Loomis on November 5th, 2008 | Post a Comment »
- November
- 4
Steiner Sports Marketing Inc. recently leased 40,000 square feet of office and warehouse space at 145 Huguenot St. in New Rochelle as its new corporate headquarters.
The company, which sells sports memorabilia to fans around the world, will relocate during the first quarter of 2009 from its current offices at 33 LeCount Place in New [...]
Posted by Jay Loomis on November 4th, 2008 | Post a Comment »
- November
- 4
Eric Dinallo, New York superintendent of insurance, will speak Nov. 13 at the annual dinner of the Rockland Business Association.
Dinallo recently was named by the National Association of Insurance Commissioners as head of the 50-state task force charged with protecting AIG’s insurance interests while the company operates under the federal credit program.
The event [...]
Posted by Jay Loomis on November 4th, 2008 | Post a Comment »
- November
- 4
LeCroy Corp., a Chestnut Ridge supplier of oscilloscopes, said that shareholders approved changes in the board of directors at Monday’s annual meeting.
First-time nominee Robert W. Chlebek was elected to the board. Chlebek is the president of electronic instruments for Ametek Inc., an electronic instruments maker based in Pennsylvania.
Norman R. (Bud) Robertson was re-elected [...]
Posted by Jay Loomis on November 4th, 2008 | Post a Comment »
- November
- 3
Pepsi Bottling Group Inc. announced three executive appointments to its management team.
Rob King, whose role as president of Pepsi Bottling Group North America gave him oversight of the company’s business in the United States and Canada since 2006, will expand his responsibilities to include Mexico.
Brent Franks has been named president of Pepsi [...]
Posted by Jay Loomis on November 3rd, 2008 | Post a Comment »
- November
- 3
PepsiCo Inc., the Purchase-based beverage and snack food giant, will continue its expansion in rapidly growing international markets through its plans to invest $1 billion in China during the next four years.
The company’s comitment to China will include investing in manufacturing, increasing research and deveolpment, introducing new products for Chinese consumers and broadening [...]
Posted by Jay Loomis on November 3rd, 2008 | Post a Comment »
- November
- 3
Environmental Power Corp. of Tarrytown said that it hopes to use proceeds from the sale of convertible notes to fund the construction and operation of the renewable energy projects that are under development by its subsidiary Microgy Inc.
Environmental Power said that the offering will raise at least $10 million and possibly as much as [...]
Posted by Jay Loomis on November 3rd, 2008 | Post a Comment »
- November
- 3
ITT Corp. of White Plains said that it has been awarded a contract to help build a wastewater treatment plant in Oman. Financial terms of the contract were not disclosed. ITT is a major provider of pumps and systems for the movement and treatment of water and wastewater. The plant, which will be Oman’s largest, [...]
Posted by Jay Loomis on November 3rd, 2008 | Post a Comment »
- October
- 31
As private-sector layoffs mount in a troubled economy, one major employer—Uncle Sam—- is adding staff in a big way.
The U.S Census Bureau expects to hire 500 to 700 field workers in Westchester and Rockland counties by the spring of 2009 to get ready for the upcoming 2010 census.
These workers will go into the field [...]
Posted by Jay Loomis on October 31st, 2008 | Post a Comment »
- October
- 31
Children of America recently opened a child care center at 265 N. Highland Ave. in Nyack. The center enrolls children from six weeks to 12 years old. Children of America now operates 22 child care centers in six states.
Posted by Jay Loomis on October 31st, 2008 | Post a Comment »
- October
- 31
Starwood Hotels & Resorts Worldwide Inc. of White Plains said that it has completed the sale of three hotels in Italy for $212 million to Estcapital-SGR S.p.A., an Italian real estate company. The hotels involved in the sale are the 196-room Westin Excelsior in Venice Lido, Italy, the 191-room Hotel Des Bains in Venice Lido, [...]
Posted by Jay Loomis on October 31st, 2008 | Post a Comment »
- October
- 30
Net income surged 80 percent at Universal American Corp. during the third quarter as the Rye Brook-based health insurer enrolled more members in its health insurance plans and withstood losses on troubled investments.
Net income of $48.8 million, or 56 cents a share, jumped from net income of $27.1 million, or 40 cents a share [...]
Posted by Jay Loomis on October 30th, 2008 | Post a Comment »
- October
- 30
Spar Group Inc., a marketing company based in Tarrytown, reported a net loss of $117,000, or 1 cent per share during the third quarter, an improvement from a net loss of $1.7 million, or 9 cents per share, a year earlier.
Net revenues for the quarter rose 20 percent to $17.3 million from $14.4 million [...]
Posted by Jay Loomis on October 30th, 2008 | Post a Comment »
- October
- 30
Acadia Realty Trust, a real-estate investment trust based in White Plains, reported net income of $4.99 million, or 15 cents a share, during the third quarter, down from $8.49 million, or 26 cents a share, a year earlier.
Total revenues rose to $27.3 million from $23.9 million. Acadia’s properties include neighborhood and community shopping centers in [...]
Posted by Jay Loomis on October 30th, 2008 | Post a Comment »
- October
- 30
Profits more than tripled at Jarden Corp. during the third quarter as the Rye-based consumer products company benefited from past acquisitions and budget-minded consumers buying the company’s home-oriented products in a slow economy.
Jarden shares surged nearly 17 percent in trading today after the company’s earnings and revenues exceeeded the expectations of industry analysts.
“Our diversified business [...]
Posted by Jay Loomis on October 30th, 2008 | Post a Comment »
- October
- 29
Knickerbocker Lofts, SoHo-style live-work residences in New Rochelle, recently named Houlihan Lawrence Project Marketing as its exclusive sales and marketing agent. Houlihan Lawrence Project Marketing will manage Knickerbocker Lofts’ sales office and be responsible for executing Knickerbocker Lofts’ marketing strategy.
Posted by Jay Loomis on October 29th, 2008 | Post a Comment »