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Hurricane Earl takes aim at New England
Hurricane Earl sideswiped North Carolina's Outer Banks early Friday, flooding the vacation islands but causing no injuries and only modest damage, then took aim at the gray-shingled cottages and fishing villages of New England, a weakened but still dangerous storm. Earl dropped to a Category 1 hurricane with winds of 85 mph - down from a [...]

Judge OKs sale of Dan’s Papers
A federal bankruptcy judge in New York has approved the sale of most assets of Ohio-based newspaper chain Brown Publishing Co. to the company's lenders for about $21.8 million. Judge Dorothy Eisenberg of the U.S. Bankruptcy Court for the Eastern District of New York issued an order Friday approving the sale to Ohio Community Media LLC. [...]

Cantor: Finish-line questions haunt ‘Race to the Top’
Sen. Schumer deserves kudos for shepherding New York's $700 million in federal "Race to the Top" education reform funds. Long Island will receive less than its fair share of the dollars to support public education, however, primarily due to the anticipated distribution of the funds. Take schools with a large percentage of student poverty, known as [...]

LI brothers bank on collective buying
If all goes according to plan, brothers Jordy and Jonathan Castillo will earn crazy money for themselves, promote unprecedented sales for countless Long Island businesses, provide substantial discounts on cool stuff to hordes of grateful consumers and support dozens of local charities. ShareLI.com, the first "online collective buying experience" focused exclusively on Long Island businesses, debuted [...]

Lending bump proposed for credit unions
Credit unions have not yet given up their fight to do more business lending, but this time around, they are pinning their hopes on an amendment to a major jobs and economic recovery bill. H.R. 5297: Small Business Job and Credit Act of 2010 creates a $30 billion fund managed by the U.S. Department of the [...]

Financial planning for special needs kids
The parents of children with no learning or developmental disabilities usually try to save for their college educations, and maybe, if they have the money, their weddings and down payments on first homes. When children have a learning or developmental disability such as autism, the saving situation is much different and the government plays a much [...]

Pols: Stop borrowing for land
After voting against incurring $50 million more in debt to preserve open space earlier this year, two Suffolk County legislators want to put the kibosh on the county's practice of borrowing money to buy land. The two bonding bills legislators Tom Cilmi, R-Bay Shore, and Tom Barraga, R-West Islip, opposed eventually passed, allowing Suffolk to borrow against [...]

A bridge between individuals and nonprofit resources
Long Island is home to thousands of not-for-profits that provide an array of much needed programs and services. Unfortunately, with the current state of the economy, many organizations, donors and funding sources are unable to continue to provide the resources and support to the community. The Martin-Lehrer Foundation works to promote, support and financially contribute [...]

Nonprofit briefs
NUMC to launch a new institute The Nassau Health Care Foundation received $188,665 from the Dr. Robert Von Tauber and Olga Von Tauber, MD, Revocable Trust, to enhance the department of psychiatry at Nassau University Medical Center in East Meadow. Specifically, the funds, which represent a partial distribution of a total bequest of $350,000, will be used [...]

On the move, Sept. 3, 2010
Communications James A. Blackley has been promoted to the position of executive vice president of corporate engineering and technology at Cablevision Systems Corp. in Bethpage. Blackley will continue to serve as chief engineering executive with oversight of the company's engineering and technology, enterprise IT and e-media departments. Financial Services Jennifer Caluri-Sullivan has joined Arbor Commercial Funding in [...]