May 14
The Islip Industrial Development Agency has approved a measure that could provide economic benefits to a $21.3 million mixed-use project in downtown Bay Shore, according to a statement.
The measure, announced by Islip Town Supervisor Tom Croci on Wednesday, was approved at a May 8 IDA meeting. It will allow the agency to offer tax abatements to New Jersey-based Chase Partners, which plans to build a four-story, 90-unit, 133,000-square-foot apartment/retail complex called Pace Cove at 11 Maple Ave.
The proposed project is expected to generate 150 construction jobs and 4 permanent jobs.
The 1.7-acre development site at the corner of Gibson Street was purchased from Eleven Maple Avenue Associates for $4.4 million, according to its IDA application.
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Tags: Project
May 06
Despite the loss, Leighton maintained its June-half net profit forecast of between $100 million and $150 million.
LEIGHTON Holdings has done little to clarify concerns over its earnings prospects after confirming it lost money in the March quarter, with heavy losses on projects in Queensland and Victoria, without giving any indication when they will be stemmed.
It lost $80 million in the quarter, with big losses on its desalination plant project in Victoria and the Airport Link project in Brisbane.
Despite the loss, the company maintained its June-half net profit forecast of between $100 million and $150 million.
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Tags: Loss
Apr 11
Four giant card-payment processors and large US banks that issue debit and credit cards were hit by a data-security breach after third-party services provider Global Payments Inc discovered its systems were compromised by unauthorised access.
It was not immediately clear how many cardholders became victims of the breach, which affected MasterCard, Visa, American Express Co and Discover Financial Services, as well as banks and other franchises that issue cards bearing their logos.
US law enforcement authorities including the Secret Service are investigating and MasterCard said it has hired an independent data-security organisation to review the incident.
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Tags: Breach
Apr 07
It’s the start of baseball season and the sun is shining, which could cause a problem for Central Islip’s Long Island Ducks. Suffolk County has begun work at the Cohalan Court Complex to transform the large parking lot into a solar carport, generating 3.5 megawatts of energy. But with the Ducks’ home opener scheduled for May …
Apr 07
It’s the start of baseball season and the sun is shining, which could cause a problem for Central Islip’s Long Island Ducks. Suffolk County has begun work at the Cohalan Court Complex to transform the large parking lot into a solar carport, generating 3.5 megawatts of energy. But with the Ducks’ home opener scheduled for May …
Mar 28
Peter Coleman communities need to be able catch up.
The Woodside chief executive, Peter Coleman, concedes Australia’s coal seam gas boom may have got ahead of regulators and the community.
As head of Australia’s largest oil and gas company, and operator of the North West Shelf, Mr Coleman is more than a bystander.
During its earnings presentation last month, there was much speculation that Woodside, which has concentrated on conventional offshore plays, might be looking at unconventional opportunities onshore, including coal seam gas or shale gas.
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Tags: Chief, Woodside Chief