Ted Baird

Scranton

Writer at Long Island Business News

Web Editor at BridgeTower Media

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Articles

Manufacturing activity grows across NY as optimism declines, survey finds

Feb 20, 2025 | libn.com | Ted Baird

After declining last month, manufacturing activity grew slightly in New York state, according to February’s Federal Reserve Bank of New York’s Empire State Manufacturing survey. The general business conditions index climbed eighteen points to 5.7. The new orders index rose twenty points to 11.4, suggesting orders increased after declining last month, and the shipments index rose sixteen points to 14.2, indicating that shipments increased.
TikTok returns to Apple and Google app stores in the US

Feb 17, 2025 | libn.com | Ted Baird

TikTok has returned to the app stores of Apple and Google in the U.S., after President Donald Trump delayed the enforcement of a TikTok ban. TikTok, which is operated by Chinese technology firm ByteDance, was removed from Apple and Google’s app stores on Jan. 18 to comply with a law that requires ByteDance to divest the app or be banned in the U.S.A Google spokesperson declined to comment on the company’s move on Friday. Apple did not immediately respond to an email seeking comment.
How to Navigate Interest Rate Volatility in Property Acquisition: Key Strategies for Owner-Occupied Mortgages

Dec 3, 2024 | libn.com | Ted Baird

Chris Dodd, First Vice President, Relationship Manager, Valley BankFor business executives financing a property through an owner-occupied mortgage, interest rate volatility can present a substantial challenge. It can influence both the cost of property acquisition and the long-term sustainability of business operations. Let’s explore how changing interest rates can affect your real estate purchases – and look at proven strategies to help you navigate this landscape with confidence and agility.
How to Navigate Interest Rate Volatility in Property Acquisition: Key Strategies for Owner-Occupied Mortgages

Dec 2, 2024 | libn.com | Ted Baird

For business executives financing a property through an owner-occupied mortgage, interest rate volatility can present a substantial challenge. It can influence both the cost of property acquisition and the long-term sustainability of business operations. Let’s explore how changing interest rates can affect your real estate purchases – and look at proven strategies to help you navigate this landscape with confidence and agility.
The Business Case for Decarbonization

Dec 1, 2024 | libn.com | Ted Baird

Decarbonizing building operations and manufacturing requires a transformation in mindsets and capital planning to design projects that are cost-effective and aligned with organizational goals. Commercial and industrial building owners—including those in hard-to-electrify sectors—can decarbonize and generate value through a phased, holistic approach: Resource Efficient Decarbonization (RED).
Unlocking Growth: How smart financing solutions fuel expansion in capital-intensive industries

Nov 3, 2024 | libn.com | Ted Baird

In capital-intensive industries, growth often hinges on the ability to secure financing. Industries like manufacturing, energy, transportation, and construction require substantial investments in infrastructure, technology, and human resources making smart financing solutions essential to not only sustain but to accelerate expansion. The Challenge of Capital-Intensive IndustriesCapital-intensive industries face unique challenges due to significant upfront costs and long-term investments.
Fasano: A model for creating housing and combating homelessness in Amityville

Oct 24, 2024 | libn.com | Ted Baird

Recently, more than 125 people gathered to celebrate the 10th anniversary of Liberty Village and the Amityville Community Resource Center. In addition to supporting hundreds of people in Suffolk County, these projects are a model for how willing communities can build affordable and supportive housing to help address our region’s homelessness crisis, with a focus on a particularly vulnerable population: Veterans.
On Our Island 10/25/2024

Oct 24, 2024 | libn.com | Ted Baird

Deli raises $1K to support family of NYPD Det. Jonathan DillerNassau County Legislature Minority Leader Delia DeRiggi-Whitton joined with Catering by Arata’s owners Ron and Rachel Collura and local law enforcement leaders for the presentation of more than $1,000 in funds collected at the Sea Cliff delicatessen to support the family of slain NYPD Detective Jonathan Diller. Diller, a Massapequa Park resident, was shot and killed on March 25, 2024, during a traffic stop in Queens.
Rescued New York Community Bank to lay off 700 at its Flagstar subsidiary

Oct 21, 2024 | libn.com | Ted Baird

Struggling New York Community Bancorp said Friday that it is cutting 700 jobs at its Flagstar subsidiary as it tries to return to profitability after being rescued by investors earlier this year. The bank said the cuts amount to 8% of its head count. It’s also selling its mortgage-servicing business to mortgage company Mr. Cooper, which will mean trimming another 1,200 employees from its payroll. Most of those employees will be offered the chance to transfer to Mr. Cooper, NYCB said.
Liebman: Despite a technologically-driven world, words still matter

Oct 10, 2024 | libn.com | Ted Baird

Long Island business leaders may work in disciplines that range from finance to technology, from health care to construction; but at the end of the day, words make it all happen. So it is of note that a little reported court case in Ireland has created a precedent in the Emerald Isle regarding the role of words as it relates to slang and cultural references, and it bears repeating in our own business transactions.