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Unemployment claims soar in NY; not so dramatic in CT

The U.S. Department of Labor this morning released unemployment statistics for the week ending March 28 that are the highest recorded since the department started tracking them.

Altman Lighting files closing notice for Yonkers plant

Altman Lighting Inc., which was founded in 1953 and grew to become a major manufacturer of lighting equipment for theaters, television and the movies...

M&T Bank moves to a new staffing model at tristate branches

M&T Bank is transitioning to a new staffing model at its branches in the tristate area in which all workers – regardless of position...

Times Herald-Record newspaper to close Wallkill printing plant

Gannett’s Times Herald-Record newspaper based in Middletown, which serves Orange, Sullivan and Ulster counties, plans to close its printing and production facility in nearby...

Bridgeport Health Care Center shuttering amid owner’s financial misdeeds

Chaim Stern, the nursing home’s former operator, has pleaded guilty in federal court to embezzlement and tax offenses; he was also chief financial officer of Bridgeport Manor, which closed in 2018 after it was revealed he had diverted $4 million from its employees’ retirement plan to himself and a religious charity he controlled.

Sports memorabilia guru Brandon Steiner launches new venture

Brandon Steiner, the Scarsdale resident whose name has been synonymous with sports memorabilia for 32 years, has created a new website for buying and...

Last picture show: iPic Entertainment closing Dobbs Ferry theater

The iPic theater at Rivertowns Square in Dobbs Ferry will be showing its last movie on Sunday, after its parent company, iPic Entertainment Inc.,...

Lord & Taylor files closing notice for Palisades Center store

Lord & Taylor has formally notified New York state that its store at the Palisades Center shopping mall in West Nyack will be closing...

Carquest Auto Parts distribution center in Armonk slated to close

A car parts distribution center at 215 Business Park Drive in Armonk will be closing at the end of the year with the layoffs...

Feds say employee plan paid way too much for Blue Book

Professional Fiduciary Services’s failure to thoroughly analyze the transaction, the complaint states, caused the employee plan to “overpay by tens of millions of dollars above fair market value.”

Patrick Pizzella of New Rochelle named acting U.S. labor secretary

Pizzella was moved up from his position as deputy secretary to become the acting secretary.

CBRE report shows both confidence and softness in 2Q office market

There still is good news to be found within the market even though some numbers are down.

Home Health Services of WJCS to lay off 73 employees

The notice did not specify whether the employees being laid off would all be home health aides or would include various job titles.

AG Letitia James blasts federal plan to kill overtime for 600,000...

James told the Business Journal that more than 600,000 workers in New York state would lose overtime protection under the administration’s plan.

Hudson Valley job numbers up, but not as much as elsewhere

Private educational and health services added the most of any major industry sector during the 12-month period, up by 63,200.