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.
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.