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Archive for the 'Expansion' Category

Eos Airlines expands flight schedule

April
10

Eos Airlines of Purchase, which operates luxury passenger service between New York and London, is expanding its schedule to three flights on peak travel days starting April 15.

A total of 32 flights a week will now be available between the two cities.

The additional third flight departing New York’s John F. Kennedy Airport will be available on Sundays, Thursdays and Fridays at 10:55 p.m., with an additional third flight from London Stansted Airport available on Sundays, Mondays and Fridays at 1 p.m.

Posted by Julie Moran Alterio on Tuesday, April 10th, 2007 at 4:41 pm | del.icio.us Digg
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White Plains-based K&F Industries to build plant in Georgia

April
5

K&F Industries Holdings Inc., a White Plains-based maker of aircraft parts that plans to be acquired by a British company, said this morning that it plans to expand its Engineered Fabrics Corp. operations.

The company said that due to strong military demand for its products, it will build a 60,000-square-foot plant at its subsidiary’s headquarters in Rockmart, Ga. The new plant will help with increased production of de-icing equipment and upholstery for the inside of helicopters. The plant is scheduled to be completed by late summer.

K&F announced last month it planned to be acquired by Meggitt-USA Inc. for $27 a share in cash, or about $1.8 billion.

K&F stock closed yesterday at $26.82, down 8 cents.

Posted by Allan Drury on Thursday, April 5th, 2007 at 9:58 am | del.icio.us Digg
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Verizon TV service expands in Port Chester, Tuckahoe

March
30

Verizon Communications Inc. has begun offering cable television service in Port Chester and Tuckahoe, the company said this week. Verizon, the giant phone company in Manhattan, offers the service over the fiber-optic network it is building in a bid to compete for subscribers with Cablevision Systems Corp. and satellite television providers.

Posted by Allan Drury on Friday, March 30th, 2007 at 6:14 pm | del.icio.us Digg
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IBM forming new unit to help mortgage lenders

March
26

Armonk-based IBM Corp. said this morning that it is forming a new unit to offer technology to help mortgage lenders make their operations more efficient.

The company said the unit, called IBM Lender Business Process Services Inc., will offer loan application services, underwriting and document preparation.

The company said it believes that it can provide the service particularly well because of its focus on the financial services industry.

IBM shares closed Friday at $95.03, down 16 cents.

Posted by Allan Drury on Monday, March 26th, 2007 at 9:43 am | del.icio.us Digg
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Executive search firm finds larger space in Harrison

March
13

Work&Partners LLC, an executive search firm in Harrison, has taken larger office space. The company occupies about 1,100 square feet, twice as much as it did before, at 701 Westchester Ave., said Alan Work, the president of the company.

Posted by Allan Drury on Tuesday, March 13th, 2007 at 3:24 pm | del.icio.us Digg
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White Plains-based Acadia Realty Trust in Brooklyn deal

February
23

Acadia Realty Trust, a real estate investment trust in White Plains, said this morning it will buy leasehold rights to a property in downtown Brooklyn for $120 million and build a 1.6-million-square-foot, mixed-use complex called “The Center at Albee Square.�

The company said the purchase includes rights to The Gallery at Fulton Street and a nearby parking garage. The new development will include retail, office and residential space and will contain energy-saving features.

The company said Paul Travis of Washington Square Partners and MacFarlane Partners, a minority-owned real estate management firm, are also involved in the plans.

Acadia shares closed yesterday at $27.88, down 10 cents.

Posted by Allan Drury on Friday, February 23rd, 2007 at 10:31 am | del.icio.us Digg
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Hudson Valley Bank expands into Rockland

February
21

Hudson Valley Bank, a Yonkers-based banking company with $2 billion in assets, has expanded to Rockland County.

The bank opened its first Rockland branch today at 254 South Main St. in New City to target individuals, businesses, professional service firms and not-for-profit organizations in the region.

Before opening the branch, Hudson Valley operated a business development office upstairs at the same address. “We look forward to providing quality banking products and exceptional personal service to the people who live and work in Rockland,� James J. Landy, president and chief executive officer, said in a written statement. “Rockland has similar business demographics to our existing markets and offers significant opportunity for us. We believe there is a place for our relationship style of banking in Rockland County.�

The bank has has 21 additional branches in Westchester County, the Bronx, Manhattan and Queens.

Susan Hadden Swensen has been named vice president/manager of the new branch. She was most recently an assistant vice president and client service manager for Provident Bank in Middletown.

Posted by Jay Loomis on Wednesday, February 21st, 2007 at 6:58 pm | del.icio.us Digg
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McLaren forms subsidiary

February
6

McLaren Engineering Group, an engineering firm in West Nyack, has formed a subsidiary company to conduct land surveys and provide consulting services. LandMetrics Engineering and Surveying PC will survey for boundaries, conduct topographic surveys, route surveys and other studies. The new company is led by Mal McLaren and Larry O’Connor, the deputy chief of McLaren’s bridge, highway and rail division.

Posted by Allan Drury on Tuesday, February 6th, 2007 at 6:35 pm | del.icio.us Digg
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Chase to hire 227 bankers in region

January
29

Chase, the banking unit of financial-services giant JPMorgan Chase & Co., has announced plans to hire 485 personal bankers in New York state, New Jersey and Connecticut.

Nearly half of those hired will report to offices in Westchester, Connecticut, Rockland and New Jersey — 227 in all.

Chase operates 45 bank branches in Westchester and eight in Rockland. Its recent acquisition of Bank of New York has resulted in 61 additional offices in Westchester and 22 in Rockland.

Chase said 130 personal bankers will be added to both Chase and Bank of New York branches in Rockland and New Jersey, while 97 will be hired for offices in Westchester and Connecticut.

Chase declined to provide the exact number of hires in Rockland and Westchester counties specifically for competitive reasons, it said.

Personal bankers help customers with checking and savings accounts, credit cards, home-equity loans and mortgages.

In addition, each newly hired banker will be required to earn a Series 6 license, which allows them to sell mutual funds and annuities.

Posted by David Schepp on Monday, January 29th, 2007 at 1:15 pm | del.icio.us Digg
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Irvington-based SoftWave Media Exchange adds Hispanic division

January
9

SoftWave Media Exchange Inc. wants to tap the growing Hispanic market in its online marketplace for buying and selling radio and television advertising time.

The Irvington-based company announced the debut of SWMX Hispanic, a new division serving the Spanish-language market that will provide advertiser access to media across the U.S., including local broadcast television, cable television and radio.

SoftWave currently represents Spanish-language radio stations owned by Univision Radio, Entrevision Radio and Spanish Broadcasting Systems, including many in the top 50 U.S. Hispanic markets.

“Spanish-language advertising is the industry’s fastest-growing segment and SWMX Hispanic enables advertisers and broadcasters to plan and book radio and television campaigns targeting Spanish-speaking people with greater speed … than ever before,â€? said Paul Noonan, senior vice president of sales at SWMX.

Marketers and broadcasters can save time and enjoy a bigger payoff from their ads by doing the transactions online instead of the old-fashioned way of face-to-face meetings or telephone negotiations, according to the company. An advertiser placing ads on 100 radio stations who needed four to six weeks under the conventional methods of phone calls and face-to-face negotiations can do the same transactions in a matter of minutes on SWMX’s online system, the company said.

Senior account manager Richard Hernandez, who recently joined SoftWave with with more than 10 years experience in Spanish-language media, will head the new division. Hernandez previously worked in New York City and Los Angeles for leading broadcast groups such as Infinity Broadcasting and Univision Radio, the largest Spanish-language radio broadcaster in the United States.

Hernandez said that the number of Spanish-language radio stations in the United States has jumped 46 percent since 2001 to more than 800. Advertising in Spanish-language media is growing about five times faster than total U.S. ad spending as the number of Hispanic immigrants grows.

Posted by Jay Loomis on Tuesday, January 9th, 2007 at 6:07 pm | del.icio.us Digg
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Par, Barr agree on sales pact to sell vomiting treatment

December
26

Par Pharmaceutical Cos. Inc., which has manufacturing and research operations in Chestnut Ridge, said today that federal regulators have approved its application to for a generic version of ondansetron in 4- and 8-milligram tablets.

The drug prevents nausea and vomiting in some certain patients undergoing chemotherapy or radiotherapy or who have just had operations.

The drug is a generic version of GlaxoSmithKline’s Zofran ODT, Par said. U.S. annual sales of that drug are about $300 million, Par said.

The drug will be marketed by Pliva Inc., the U.S. subsidiary of Pliva d.d., a subsidiary of Barr Pharmaceuticals Inc. Barr, which has research operations in Pomona, will market and distribute the drug in the United States.

Par will make the product and the companies will share the profits.

Posted by Allan Drury on Tuesday, December 26th, 2006 at 4:51 pm | del.icio.us Digg
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Prudential Rand rolls out commercial division

December
11

Prudential Rand Realty has opened Prudential Rand Commercial Services, a commercial real estate division with 13 sales associates throughout the company. Fred Rella has been named director of operations, and Paul Adler is executive director. The Web site is www.randcommercial.com. For more information, call (914) 798-9122, or e-mail info@randcommercial.com.

Posted by Jerry Gleeson on Monday, December 11th, 2006 at 5:40 pm | del.icio.us Digg
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Westchester SCORE expands services

December
11

A popular small-business counseling group now makes house calls.

The Westchester chapter of the SCORE is making 16 of its 50 counselors available to advise entrepreneurs at their own offices. Until now, SCORE services were available by attending the group’s workshops and counseling sessions at the New York state Labor Department offices in White Plains.

“Our philosophy here is we want to keep it simple,� said Charles Auerbach, a chapter spokesman who’s coordinating the visiting counselors program.

Sometimes what a client sees as a problem is actually a symptom of something else that the client doesn’t recognize, Auerbach said. A visit to the client’s office may offer clues that a counselor can spot.

SCORE has held about 2,500 counseling sessions with start-up businesspeople. It has helped growing businesses raise more than $11 million locally in SBA-guaranteed loans.

To get help from SCORE, call 914-948-3907, send e-mail to scoreinfo@scorewestchester.com, or click here to access the organization’s Web site.

Posted by Jerry Gleeson on Monday, December 11th, 2006 at 5:07 pm | del.icio.us Digg
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Wilson & Son Jewelers opens Mount Kisco store

December
7

Wilson & Son Jewelers, a family-owned business in Scarsdale, has opened a second location in Mount Kisco.

The Mount Kisco store, at 29 Moger Ave., is an expansion for the business, which opened in 1905 and has been owned by four generations.

Posted by Julie Moran Alterio on Thursday, December 7th, 2006 at 6:54 pm | del.icio.us Digg
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New wing opens at Mount Vernon’s Wartburg

December
5

The Wartburg Adult Care Community has opened a new wing, Memory Care at Meadowview, to add to its memory support services at its Mount Vernon campus. The facility is located in a separate and secure wing of the Meadowview Assisted Living residence and consists of 15 studio and one-bedroom apartments. Amenities in the center include a spa bath, curio cabinets at each resident’s door to hold private mementos, bright and spacious common rooms and a solarium. The Wartburg Adult Care Community provides residences and health services for senior citizens, including 24-hour skilled nursing care.

Posted by Julie Moran Alterio on Tuesday, December 5th, 2006 at 6:00 pm | del.icio.us Digg
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Verizon upgrades cell coverage in Putnam

December
5

Mobile phone giant Verizon Wireless has added a new cell site in Putnam County. The site will improve network coverage and capacity in Carmel, along Route 6, Route 35, Route 52 and Route 47. Verizon Wireless, a joint venture between Verizon Communications and and Vodafone, has 56.7 million customers across the country.

Posted by Julie Moran Alterio on Tuesday, December 5th, 2006 at 5:53 pm | del.icio.us Digg
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Verizon gets cable approval in Eastchester

November
27

Verizon Communications Inc. has local approval to offer its new cable television service in Eastchester.

The company, which is offering the service over a fiber-optic cable network it is building, said the Town Board recently approved its application.

Verizon, which is challenging Cablevision Systems Corp. and satellite providers, still needs the approval of the state Public Service Commission before it can provide the service to customers in Eastchester.

Posted by Allan Drury on Monday, November 27th, 2006 at 11:46 am | del.icio.us Digg
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Hudson Technologies opening call center

November
14

Hudson Technologies Inc. of Pearl River, which decontaminates refrigerators and offers other refrigeration-related services, said this morning that it has opened a second telesales office to reach prospective customers in the mid-Atlantic and Southeastern sections of the country.

The new office is in Dallas and employs an undisclosed number of people. Kevin Zugibe, the chairman and chief executive, said in a written statement released by the company that Hudson has customers all over the country but before the office opened it did not have the resources it needed to provide the attention the mid-Atlantic and Southeast regions needed.

Hudson shares closed yesterday at $1.13, up a penny.

Posted by Allan Drury on Tuesday, November 14th, 2006 at 10:24 am | del.icio.us Digg
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D’Agostino stores offer Internet service

November
13

D’Agostino Supermarkets, which has stores in Rye Brook, Chappaqua and Lewisboro, is offering customers the ability to order their groceries over the Internet and have them delivered to their home. Customers can place their orders at www.dagnyc.com. The items a customer orders will come directly from one of the stores. The company charges a $10 delivery fee per order, but a customer who orders $75 worth of groceries would get a $2 discount off the delivery fee. Customers pay for their orders online.

Posted by Allan Drury on Monday, November 13th, 2006 at 5:41 pm | del.icio.us Digg
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Bayer Healthcare moving jobs to Westchester

November
9

Bayer HealthCare’s global realignment, announced yesterday, will include the transfer of about 50 support positions from West Haven, Conn., to a company site in Greenburgh in the next 12 to 18 months. The company is consolidating its research and development operations at three sites in Germany and California and eliminating about 600 positions in the United States. The jobs that are coming to Westchester include legal, information technology and human resources, Bayer spokeswoman Susan Yarin said. The staff will set up at the building being used as the global headquarters of Bayer Diabetes at 555 White Plains Road.

Posted by Jerry Gleeson on Thursday, November 9th, 2006 at 6:34 pm | del.icio.us Digg
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Business in the Burbs is our online news blog about businesses based or operating in the Lower Hudson Valley. Visitors here will also find items of interest to consumers in the region. Most contributions are from business reporters and editors covering Westchester, Rockland and Putnam counties.

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