James T. Madore
Business Reporter at Newsday
Business Reporter @Newsday. I report on the NY-area economy and government/biz issues. [email protected], 631-843-2473 or https://t.co/wnfTZ2Z0Bl
Articles
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1 week ago |
newsday.com | James T. Madore
Canon U.S.A. Inc. won’t have to repay any of the tax breaks it received last year despite laying off between 100 and 150 employees at its Melville headquarters. The manufacturer and seller of cameras and imaging equipment promised in January 2024 to maintain at least 1,081 jobs at the Walt Whitman Road building for 12 years in return for tax incentives from the Suffolk County Industrial Development Agency. The breaks are valued at $7 million over the period.
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1 week ago |
newsday.com | James T. Madore
A software company that helps automobile dealerships to improve efficiency and profitability has agreed to repay nearly $4.8 million in tax breaks to Nassau County after failing to create all the jobs it had promised. The parent of Dealertrack Technologies Inc. in North Hills, Cox Automotive Inc., reached an agreement with the county’s Industrial Development Agency in February that was ratified unanimously by the agency’s board of directors.
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1 week ago |
newsday.com | James T. Madore
A software company that helps automobile dealerships improve efficiency and profitability has agreed to repay nearly $4.8 million in tax breaks to Nassau County after failing to create all the jobs it had promised. The parent of Dealertrack Technologies Inc. in North Hills, Cox Automotive Inc., reached an agreement with the county’s Industrial Development Agency in February that was ratified unanimously by the agency’s board of directors.
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1 week ago |
newsday.com | James T. Madore
Gail Williams is considering whether to sell some of her investments after watching the wild swings on Wall Street over the past week. “It just scares me,” the retiree from Amityville said, referring to the market volatility. Williams, 73, a former federal government employee and school bus driver, isn’t alone in experiencing fear, relief and fear again as the Dow Jones Industrial Average and other stock market indicators rise and fall multiple times each trading day.
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2 weeks ago |
newsday.com | James T. Madore |John Asbury
Volatility will likely be the byword on Wall Street for months to come and that’s going to cause investors to feel both euphoria and anxiety multiple times in the same day. On Wednesday, the Dow Jones Industrial Average and other stock market indicators swung widely on news of President Donald Trump's changing tariffs policy and the response from China and Europe. The Dow ended the day up about 3,000 points, or 7.9%. The S&P 500 climbed 9.5% to have its best day since 2008.
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