- August
- 25
iMedicor, a Nanuet-based company that specializes in electronic medica records, said that it has formed a partnership with PhoneTag, a New York-based voicemail services company. As a result of the partnership, physicians and healthcare providers can access transcription services on their mobile devices.
Posted by Mike Bieger on August 25th, 2009 | Post a Comment »
- August
- 12
SmartPros Ltd., a Hawthorne-based company that specializes in professional education and corporate training, reported net income of $247,000, or 5 cents a share, during the second quarter, compared to net income of $109,000, or 2 cents a share, a year earlier. Revenues increased 15 percent to $9.1 million. “SmartPros continues to increase sales, grow operating [...]
Posted by Mike Bieger on August 12th, 2009 | Post a Comment »
- August
- 6
IntegraMed America Inc., a Purchase-based operator of vein clinics and fertility centers, said that its profits rose 23 percent in the second quarter as patient demand for its services rose, despite the lackluster U.S. economy. Net income of $1.1 million, or 13 cents a share, rose from $904,000, or 10 cents a share, a year [...]
Posted by Mike Bieger on August 6th, 2009 | Post a Comment »
- June
- 4
Bunge Ltd., the White Plains-based agribusiness giant, said that it has entered into two loan agreements with a group of banks that will give it a borrowing capacity of $1.65 billion. Banks participating in the loan agreements include JPMorgan Chase Bank, Citibank, BNP Paribas, Calyon New York Branch and CoBank, ACB. Bunge said that the [...]
Posted by Mike Bieger on June 4th, 2009 | Post a Comment »
- May
- 21
Dress Barn Inc., the Montebello-based clothing retailer, said that positive shopper response to its spring merchandise contributed to higher sales and operating profits during its most recent quarter. The company, which operates more than 1,500 dressbarn and maurices stores across the country, reported an 11 percent jump in operating income to $40.3 million during its [...]
Posted by Mike Bieger on May 21st, 2009 | Post a Comment »
- May
- 11
Atlas Air Worldwide Holdings Inc., a Purchase-based air cargo carrier, announced a public offering to sell 4 million shares of its common stock. In addition, the company has granted the underwriters in the offering the option to purchase an additional 15 percent of the offered shares. Goldman, Sachs & Co. and Morgan Stanley & Co. [...]
Posted by Mike Bieger on May 11th, 2009 | Post a Comment »
- April
- 30
Acadia Realty Trust, a real estate investment trust in White Plains that specializes in retail properties, reported earnings per share from continuing operations of 27 cents during the first quarter, up from 23 cents a year earlier. Occupancy at Acadia’s properties was 92.8 percent on March 31, down from 94.4 percent a year earlier. In [...]
Posted by Mike Bieger on April 30th, 2009 | Post a Comment »
- April
- 16
Emerging Health Information Technology, a Yonkers-based health services company, said that it has been awarded a contract by North Shore-LIJ Health System, the largest health care provider in New York state. Under the agreement, Emerging Health will provide computer network support for some of North Shore-LIJ’s 15 hospitals, 17 long-term care facilities and other operations.
Posted by Mike Bieger on April 16th, 2009 | Post a Comment »
- April
- 7
A member of the board of trustees of Blythedale Children’s Hospital in Valhalla lost money to disgraced financier Bernard L. Madoff and indicated the hospital was also a victim. Martin Rappaport, a real estate developer and manager, said in an e-mail to U.S. District Court Judge Denny Chin that he wanted to speak in court [...]
Posted by Mike Bieger on April 7th, 2009 | Post a Comment »
- April
- 2
IBM Corp. said that it has been awarded a $184 million extension to an existing technology services contract with National Account Service Company LLC. Under the seven-year extension, Armonk-based IBM will support National Account Service’s tech infrastructure and help the company process health care claims more efficiently. National Account Service is major claims processor for [...]
Posted by Mike Bieger on April 2nd, 2009 | Post a Comment »
- March
- 31
Wyeth Pharmaceuticals Inc. has won another lawsuit filed by a former employee who alleged she was the victim of racial discrimination at the company’s Pearl River plant. U.S. District Court Judge William Conner of White Plains dismissed the lawsuit filed by Nadine Aspilaire, who worked for Wyeth from 2000 to 2005. Aspilaire is one of [...]
Posted by Mike Bieger on March 31st, 2009 | Post a Comment »
- March
- 31
Shares of Hawthorne-based Acorda Therapeutics fell 19 percent this morning after federal regulators refused to accept the company’s application for Fampridine-SR, a drug for people with multiple sclerosis. The company said the Food and Drug Administration issued a “refuse to file” letter for the drug, which would help people with multiple sclerlosis walk. The FDA [...]
Posted by Mike Bieger on March 31st, 2009 | Post a Comment »
- March
- 10
ITT Corp., the White Plains-based defense contractor, said that it has received a $317 million order to produce jamming devices that will be used by the U.S. Marine Corps. Under the contract, ITT will make 4,501 CREW 2.1 Vehicle Receiver Jammers. Troops mount the devices on armored vehicles to prevent the detonation of roadside explosive [...]
Posted by Mike Bieger on March 10th, 2009 | Post a Comment »
- March
- 9
MVC Capital Inc., a Purchase company that makes private equity and debt investments, said this morning its net assets were $419.8 million, or $17.28 a share, at the end of January, compared with $421.9 million, or $17.36 a share, at the beginning of the quarter. A year earlier, the company’s net assets were $387.5 million, [...]
Posted by Mike Bieger on March 9th, 2009 | Post a Comment »
- March
- 9
Mario Gabelli’s Rye-based money-management company said this morning one of its funds will increase its focus on investing in environmentally friendly businesses. Gamco Investors Inc. said the board of directors of The Gabelli SRI Fund approved a broadened “green investing” emphasis. The board also voted to change the name of the fund to Gabelli SRI [...]
Posted by Mike Bieger on March 9th, 2009 | Post a Comment »
- March
- 3
BioScrip Inc., the pharmacy benefits management company in Elmsford, lost $76.6 million, or $1.98 a share, in the fourth quarter due to a charge to reflect a drop in the value of the company’s stock. The results compare with a profit of $2.5 million, or 6 cents a share, for the fourth quarter of 2007. [...]
Posted by Mike Bieger on March 3rd, 2009 | Post a Comment »
- February
- 4
Progenics Pharmaceuticals Inc., an Eastview-based biotech company, said Peter J. Crowley has joined its board. A healthcare investment banker with more 20 years’ experience,Crowley will also serve on the company’s Audit Committee. Crowley, 49, retired last year from a 23-year career at CIBC World Markets, where he headed Healthcare Investment Banking since 1995. While at [...]
Posted by Mike Bieger on February 4th, 2009 | Post a Comment »
- January
- 6
Eleven companies in The Journal News/Bloomberg index of local stocks have been named to a list of the “400 Best Big Companies in America” by Forbes.com. Those companies are Bunge, Consolidated Edison, Dress Barn, IBM, ITT, Jarden, JPMorgan Chase, Kraft Foods, PepsiCo, Verizon and Watson Pharmaceutical. Forbes.com chose the companies based on criteria that include [...]
Posted by Mike Bieger on January 6th, 2009 | Post a Comment »
- November
- 18
Two historians, a journalist, and a winner of a Nobel Prize will headline a panel discussion entitled “Ruffles, Flourishes and Challenges: Issues Facing the New President and Congress,” Sunday at 2:30 p.m. at the Academic Arts Theatre at Westchester Community College in Valhalla. The panelists are economist and New York Times columnist Paul Krugman, who [...]
Posted by Mike Bieger on November 18th, 2008 | Post a Comment »
- July
- 6
A new law will phase out the manufacture, sale and use of creosote in New York state. Assemblyman Richard Brodsky, D-Greenburgh, sponsored the legislation, which was signed into law by Gov. Eliot Spitzer. New York is the first state to order the phase out the cancer-causing chemical, which is often used as a wood preservative. [...]
Posted by Mike Bieger on July 6th, 2007 | 1 Comment »