US economy shrinks 0.1 pct., 1st time in 3 ½ years
The Commerce Department said Wednesday that the economy contracted at an annual rate of 0.1 percent in the fourth quarter.
View ArticleGlobecomm sales, earnings slide in 2Q
Globecomm Systems reported second quarter net income tumbled 58.6 percent to $3.8 million as revenue declined 16.2 percent to $797.7 million.
View ArticleThe 1% is feeling better about things
The NY Consumer Sentiment Index dipped for the second month in a row.
View ArticleStudents change majors to get jobs
The recession has decreased the relevance of the age-old question, “What do you want to be when you grow up?”
View ArticleUnions thrive on Long Island
The percentage of Americans belonging to organized labor unions is at its lowest level since the 1930s – don’t mention it to Long Island labor leaders.
View ArticleCosts, economy fuel community bank mergers
But amid rising regulatory costs and a continually sluggish economy, the trend is now for small, weakened banks to merge – and across New York their numbers are dwindling.
View ArticleDealmakers expect status quo for LI economy
Fifty-nine percent of those surveyed by ACG New York at its annual economic update at Hofstra University last month, said they expect Long Island’s economy at the end of 2013 will be “about the same”...
View ArticleHow to fix US debt without hurting economy
Shrinking the federal debt doesn't have to mean either hurting the economy now or ignoring the spending burdens of the future.
View ArticleObama, lawmakers to meet Friday on budget cuts
President Barack Obama will meet Friday with the top leaders in the House and Senate, several hours past the deadline for averting automatic budget cuts.
View ArticleEconomists were opposed to automatic spending cuts
Most business economists opposed the automatic spending cuts that took effect Friday night amid the gridlock between President Obama and Congress.
View ArticleFed: JPMorgan, Goldman need better capital plans
JPMorgan Chase and Goldman Sachs need better plans for coping with a severe recession, the Federal Reserve said Thursday.
View ArticleFed is expected to maintain stimulative programs
The Federal Reserve on Wednesday is expected to maintain its resolve to keep borrowing costs at record lows despite growing signs that the economy is strengthening.
View ArticleLong Island unemployment rate drops to 7.6 pct
Long Island’s not seasonally adjusted unemployment fell to 7.6 percent in February, down 0.3 percentage points from a year ago amid drops in the rates in both counties.
View ArticleKominicki: LI following Stockton’s lead
Can Long Island avoid bankruptcy that snared Stockton, Calif.?
View ArticleUK in dark mood amid new recession concerns
It's possible that official figures on first quarter economic growth, to be released Thursday, could put Great Britain back in recession.
View ArticleGlobecomm earnings drop gov’t pullout of Iraq
Sequestration and the reduction of government services in Iraq led Globecomm's earnings to drop in its fiscal third quarter.
View ArticleCantor: For Suffolk, the numbers don’t add up
Suffolk County officials need to have realistic expectations.
View ArticleLong Island unemployment rate falls to 6 percent
Long Island’s not seasonally adjusted unemployment rate dropped to 6.0 percent in April, the lowest for the region since December 2008.
View ArticleBernanke signals Fed to maintain stimulus efforts
Chairman Ben Bernanke told Congress that the U.S. job market remains weak and it is too soon for the Federal Reserve to end its extraordinary stimulus programs.
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