business

Gryffindor / Wikimedia Commons

Stop & Shop has bought the Long Island-based supermarket chain King Kullen, which industry analysts said is good for Long Island. King Kullen will transfer its 32 stores and its Bethpage headquarters to Massachusetts-based Stop & Shop.

D Ramey Logan / Wikimedia Commons

Environmentalists and East End residents on Long Island showed support for a proposal at a public hearing last week to move Montauk’s businesses inland.  

Gene J. Puskar / Bill Sikes / AP

New York has approved the purchase by CVS of insurance giant Aetna. This last hurdle clears the way for what analysts say will be increasing integration between medical providers and insurers.

Michael Conroy / AP

Conglomerate United Technologies is breaking up. The 84-year-old company is spinning off its Carrier air conditioner and Otis elevator businesses in order to focus on aerospace. It’s the third conglomerate to split into smaller units recently.

Legislature Approves $1.5 Billion Nassau Hub Project

Nov 28, 2018
Courtesy of Northwell Health/BSE Global/RXR Realty

The Nassau County Legislature has approved the Nassau Hub project, a $1.5 billion development near the Nassau Coliseum that will be anchored by the Northwell Health Innovation Center.

"What this transformation at Nassau Hub is going to do is going to create a real destination center, a real attraction for folks, not just from Long Island, but from the city and other places to come, to work, live and play,” said the Long Island Association’s Matthew Cohen.

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