General Bearing Corp., a West Nyack-based manufacturer of ball bearings, reported a net loss of $426,000 for the quarter ended July 4, compared to net income of $1.87 million a year earlier. The net loss of 5 cents a share compared to earnings per share of 40 cents a year earlier. Sales fell to $21.48 [...]

Curemark, a Rye-based drug research and development company, said that it has secured $6.5 million of initial funding from private investors. The privately held company said that the financing will allow it to conduct clinical trials on an autism treatment at 11 sites across the country.

Quarterly profits more than doubled at AboveNet Inc., a White Plains-based telecommunications company that benefited from strong demand from corporate customers for its high-speed data links. Net income for the second quarter was $24.6 million, or $1.95 per share, up from $11.2 million, or 92 cents a share, a year earlier. Revenues surged 14.1 percent [...]

Presidential Life Corp., the Nyack-based insurer that does business in 49 states, reported a net loss of $1.6 million, or 5 cents a share, during the second quarter. That compared to a net gain of $9.8 million, or 33 cents a share, a year earlier. Revenues of $59.3 million fell from $79.9 million a year [...]

Olivier Jarry of Larchmont recently was named chief operating officer at Bayer Diabetes Care in Tarrytown. Jarry is responsible for the day-to-day global business operations of the unit, including marketing, sales and research and development.

Dr. Michael J. Palumbo of Pound Ridge recently was named executive vice president/medical director at White Plains Hospital Center. Palumbo joined the hospital in July 2005 as the founding medical director of the Adult Hospitalist Program. Palumbo previously operated a private practice of internal medicine in Manhattan from 1990 to 2005.

Tasti D-Lite, a frozen dessert chain, is expected to open its first Westchester County store in mid-August at 1282 North Ave. in New Rochelle. Tasti D-Lite desserts are lower in fat, calories and carbohydrates than ice cream, making the product appealing to health-conscious customers, according to the company. Tasti D-Lite has grown to more than [...]

A stock-market recovery and an improved investment climate contributed to a better earnings performance at Gamco Investors Inc., the Rye-based firm founded by money manager Mario Gabelli. While net income dropped 8.3 percent at Gamco during the second quarter compared to a year earlier, that was a rebound from the 22 percent plunge in first-quarter [...]

Fashion retailer H&M opened a new store on Thursday at the Cross County Shopping Center in Yonkers. H&M, a Swedish-based retailer founded in 1947, operates 1,800 stores in 34 countries. The chain offers fashions for women, men, teenagers and children.

IBM remains the world’s largest vendor for information technology consulting, according to a report by industry analyst firm IDC. This is the second consecutive year that IBM has ranked first in the report, which ranks the top 10 information technology vendors worldwide and in the United States based on revenues.

Fifth Street Finance Corp., a White Plains-based specialty finance company that invests in small and mid-sized businesses, said net investment income for the quarter ended June 30 was $7.9 million, or 35 cents a share, up from net investment income of $5.1 million or 35 cents a share a year earlier. Net asset value per [...]

EpiCept Corp., a biotech company based in Tarrytown, reported a net loss of $7.1 million, or 6 cents a share, during the second quarter, compared to a net loss of $7.8 million, or 15 cents a share, a year earlier. Revenues of $91,000 rose from $42,000 a year earlier. “During the second quarter we continued [...]

Progenics Pharmaceuticals Inc., a Tarrytown-based biotech company, reported a net loss of $15.2 million, or 49 cents a share, during the second quarter. That compared to a net loss of $2.4 million or 8 cents a share, a year earlier. Revenues dropped to $5.5 million during the quarter from $28.6 million a year earlier. Progenics [...]

Hudson Technologies Inc., a Pearl River-based refrigerant services company, said that it raised $1.5 million by selling 1.47 million shares of stock to two institutional investors. Hudson said that it will use the proceeds from the stock sale for general corporate purposes, including sales and marketing programs. Hudson added that it may also use a [...]

Broadview Networks, a Rye Brook-based business communications provider, said that it agreed to buy select assets of Natural Convergence Inc., an Internet phone company based in Ottawa, Canada. The agreement calls for Broadview Networks to acquire the software for Natural Convergence’s Silhouette, the technology behind Broadview’s OfficeSuite Internet phone product. Broadview Networks also is buying [...]

Dawn Zier has been named president and chief executive officer of Direct Holdings, a unit of Reader’s Digest Association Inc. Direct Holdings, based in Fairfax, Virginia, is a marketer of music, videos, DVDs and books worldwide. It is licensed to market products under the Time Life brand. In addition to the new position, Zier will [...]

TAL International Group Inc., the Purchase-based company that leases freight containers to shippers, reported net income of $35.8 million, or $1.15 a share, during the second quarter, down from net income of $40.3 million, or $1.23 a share, a year earlier. Leasing revenues for the second quarter were $79.4 million, up from $77.9 million a [...]

Prestige Brands Holdings Inc., an Irvington-based consumer products company that markets Comet cleanser, Compound W wart remover and Chloraseptic sore throat treatments, said that a 6 percent jump in quarterly profits resulted primarily from lower interest expense. Interest costs for Prestige and other companies have fallen with interest rates near historic lows after Federal Reserve [...]

Atlas Air Worldwide Holdings Inc., the Purchase-based air cargo carrier, continued to face an uncertain market for air freight shipments in a weak economy during the second quarter. But the company reported a major jump in quarterly profits as the result of cost cuts, efficiency gains and the retirement of older aircraft. Net income of [...]

DHS Systems LLC, a military contractor based in Orangeburg, and Brazilian medical supply distributor Oscar Iskin have been awarded a $1.2 million contract by the Brazilian state of Rio de Janeiro to provide two mobile field hospitals. The hospitals are designed for use during major emergencies such as a flood, hurricane or disease outbreak. DHS [...]