Long Island

Long Island News

  • Small U.S. Colleges Battle Death Spiral as Enrollment Drops

    At a Dowling College campus on Long Island’s south shore, a fleet of unused shuttle buses sits in an otherwise empty parking lot. A dormitory is shuttered, as are a cafeteria, bookstore and some classrooms in the main academic building.

  • Air-Crash Sleuths Tease Clues From Black Boxes’ Silence

    Investigators had no data to work with or survivors to interview after professional golfer Payne Stewart’s private jet slammed into a South Dakota field in 1999. The cockpit recorder yielded 30 minutes of no voices.

  • Mickey Rooney, Jim Flaherty, Peaches Geldof: Obits This Week

    This week’s notable deaths included an Oscar-winning child star who kept working into his 90s; one of Canada’s longest-serving finance ministers who stepped down last month to work in the private sector; and a model and U.K. television personality whose punk rocker father staged concerts to raise money for famine relief. Below are summaries of these and other obituaries from the past week.

  • Bond Traders From JPMorgan to RBS Said Placed on Leave

    Mortgage-bond traders at JPMorgan Chase & Co., Morgan Stanley and Royal Bank of Scotland Group Plc were placed on leave in recent weeks or months, according to people familiar with the matter.

  • Westchester Joins Record Wave of N.Y. Pension IOUs: Muni Credit

    New York state and localities including Westchester County borrowed a record $1.4 billion to cover retirement contributions this year, showing how even the wealthiest communities are struggling to make the payments.

  • U.S. Gasoline Prices Rise to Eight-Month High in Lundberg Survey

    The average price for regular gasoline at U.S. pumps rose 4.9 cents in the past two weeks to $3.6065 a gallon, the highest since July 26, according to Lundberg Survey Inc.

  • Wilbur Ross-Backed Sun Bancorp Hires Thomas O’Brien as CEO

    Sun Bancorp Inc., the New Jersey lender backed by billionaire investor Wilbur Ross, hired Thomas M. O’Brien as chief executive officer subject to approval by regulators.

  • Wilbur Ross-Backed Sun Bancorp Jumps Most Since July on CEO Hire

    Sun Bancorp Inc., the New Jersey lender backed by billionaire investor Wilbur Ross, climbed the most since July after the firm hired Thomas M. O’Brien as chief executive officer.

  • Lewis-Katsuyama-O’Brien Rumble Just the Beginning: Opening Line

    Tie down a hungry dog and start jabbing it with a stick and you get a sense of what went down on CNBC yesterday afternoon when Bats Exchange President Bill O’Brien faced off with Brad Katsuyama and Michael Lewis over high-frequency trading. O’Brien, apparently operating on the notion that the best defense is a good offense, verbally lunged at Katsuyama at the first moment, accusing the chief executive officer of IEX Group of “trying to build a business on the planks of fear, mistrust and accusation,” telling both of them they should be ashamed, as if they were in a conspiracy of some kind -- and then it got uglier. He hectored, he badgered, he sulked, interrupted and ridiculed. There were insinuations that Lewis had money in IEX, which Lewis denied. (For the record, Lewis is an occasional columnist for Bloomberg, although no one’s really sure what he looks like.) If electronic exchanges

  • Manhattan Home Prices Jump to a Record as Buyers Compete

    Manhattan apartment sales surged in the busiest start to a year since 2007, setting price records as buyers vied for a limited supply of homes for sale and deals were completed at new high-end developments.

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