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June 2008 Archives

June 25, 2008

Adecco offers guide on job searches

The staffing company Adecco has published an online guide aimed at helping jobs seekers make the most of their work with recruiters.

It seems a tad self-serving but could come in handy in today’s tough job market. Among the suggestions:

-Target the right recruiters. They often specializes in certain industries and professions.

-Avoid pitfalls, like lying about your skills. Recruiters can vet you with simple background checks.

-Become a star candidate. In other words come prepared, poised and ready to ask good questions.

To view the guide go to :

www.adeccousa.com

--Carrie Mason-Draffen

June 24, 2008

Some LI realtors go to work in Louisiana's hurricane country

SLIDELLwreck.jpg

Just as the hurricane season started in Louisiana, a team of 19 real estate agents from Long Island and other parts of New York state landed there in a town called Slidell for a storm of rebuilding.

They spent the first six days of June helping to put up Habitat for Humanity homes in the reconstruction of the bayou town, which is 25 miles from New Orleans. It took a direct hit from Hurricane Katrina in 2005 and was flooded by waters from Lake Ponchartrain just to the south.

But instead of a hurricane watch, volunteers were actually on the lookout for anyone on the edge of fainting from working under temperatures that reached 110 degrees. They drank 20 to 25 cups of Gatorade a day.

“It was so hot and we started work at 6 o’clock a.m. and it was like afternoon” temperatures, said Mohsen Zandieh, president of the Long Island Board of Realtors and one of four volunteers from the group.

The New York team finished . . .

Continue reading "Some LI realtors go to work in Louisiana's hurricane country" »

Cablevision/Newsday deal marches forward

The Federal Trade Commission (yes, that's FTC, not FCC--no television conflict was involved) Tuesday approved the acquisition of Newsday by Cablevision.

According to Reuters, antitrust authorities with the U.S. Federal Trade Commission said in a notice that they had completed their review of the $650 million deal without taking any action to block it.

In May, Cablevision agreed to buy a 97 percent stake in Newsday Media Group from Tribune Co.

Cablevision has said that the deal is expected to close in late July or August.

--Noel Rubinton

June 20, 2008

OSHA issues warm-weather guidelines

Heat stress is a serious matter, and the U.S. Occupational Safety and Health Administration is reminding employees who work outside to mimimize their risks of exposure.

The agency has issued safety tips for working in the summer heat. They include drinking small amounts of water frequently and wearing light-colored, loose-fitting, breathable clothing such as cotton.

Overexposure to heat caused 8,015 deaths in the Untied States from 1979 to 1999, according to the Centers for Disease Control.

Symptoms include cramps, rashes, high body temperatures and a loss of consciousness.
For more information call OSHA at 202-693-1888.
Or go to
www.osha.gov

and click on “Publications.” Fill in “Working Outdoors in Warm Climates.”

Partying for progress against the Broadwater gas barge

It’s likely to be months, at least, before the “fat lady sings” and the four-year fight over the Broadwater gas barge comes to an end.

But opponents don’t believe in waiting until the last minute to celebrate.

So, the Long Island Pine Barrens Society, with a little help from its enviro friends, has set a victory party for July 11 at a catering hall in Wading River.

Although it’s open to anyone, organizers are expecting about 200 people at most, including local politicians involved in the fight, to pay $28 a head to munch hors d’oeuvres, listen to a jazz trio and, presumably, congratulate each other.

The invitation includes a sketch of the controversial, 1,200 foot long barge sinking in the Long Island Sound like the Titanic without a band playing on deck.

But Broadwater Energy spokeswoman Froydis Cameron at the Riverhead office says, in effect, that reports of the project’s death are greatly exaggerated. “We firmly believe this is the best project to help this region meeti its energy challenge,” she said.

Earlier this month, the Houston-based joint venture between Shell and TransCanada filed a formal appeal to the U.S. Department of Commerce of New York’s State’s April 10 rejection of the project, which was announced by Gov. David Paterson at an event at Sunken Meadow State Park.

Cameron says that’s likely to take months to be heard.

And if it fails, Broadwater can still take its case to the courts. In fact, Cameron’s boss, senior vice president John Hritcko, has said company officials were prepared for a years-long court battle if that’s what it takes to get their liquid natural gas processing plant approved for the proposed mid-Sound location north of Wading River.

If Commerce overrules the state, opponents, including New York and Connecticut, could go to court to try to stop the project.

Meanwhile, barge opponents are asking the Federal Energy Regulatory Commission to reconsider its March 20 approval of the project.

Opponents, though, seem to feel safe in holding a funeral without a dead body.

Said executive director Richard Amper of the Pine Barrens group, “I don’t believe for a New York second that Broadwater has any grounds for an appeal.”

Co-organizer of the party Adrienne Esposito, executive director of Citizens Campaign for the Environment and key spokesperson for the opponents, said in an e-mail, “No, it's not premature. It’s late. We should have had a party two months ago. But better late than never.”

--Tom Incantalupo

June 19, 2008

Unemployment rises on Long Island

The New York State Labor Department released its latest unemployment data for Long Island Thursday. Unemployment rose in May, compared with last year.

Hempstead Village had the highest rate, at 5.7 percent. Smithtown and North Hempstead Town tied for the lowest jobless rate - 4.1 percent.

To see how your area fared view the full list at:


http://www.workforcenewyork.org/li/pressrel/LAUSLI.htm

--Carrie Mason-Draffen

Suffolk Life's death and the connection to Cablevision and Newsday

There's likely been plenty of RIP Suffolk Life talk around water coolers and computers on Long Island today. The quirky institution, so tightly connected with founder Dave Willmott Sr., will close down next week after 46 years.

The demise of Suffolk Life is widely seen as part of a wider media story on Long Island and it's being summarized in one word: consolidation. Or maybe monopoly. In the the LI Biz Blog of Long Island Business News today, Henry E. Powderly II talks to media appraiser Kevin Kamen. Kamen says, "The publishing community on Long Island has just felt the first of what will unfortunately become many more blows to follow as Suffolk Life Newspapers will soon be closing its doors. This is a sad commentary on the entire publishing community on Long Island and is indicative of what could soon follow with the recent Newsday sale to Cablevision."

Later on, Kamen adds, "Once the Newsday sale on Long Island (owned by Tribune Co of Chicago) is finalized with Cablevision you should see a big push to market the entire Nassau-Suffolk region by Cablevision in a way that few have seen advertising cross-sold before in the NY metro region."

But it's not all about Newsday and Cablevision, says Kamen: "It is much deeper. It is about how the publishing community has to streamline and become better marketing agents for its properties...Publishers need to unite in better promoting their print products and must use more discretion in spending money. Clearly, publishers must become better business operators yet should never forget that their business is covering the news and that they have to do that exceptionally well by keeping their focus on local content that is relevant to each consumer."

--Noel Rubinton

Continue reading "Suffolk Life's death and the connection to Cablevision and Newsday" »

June 18, 2008

Spherion: New York employees down on job market

New York employees’ confidence in the job market is slipping, according to new survey from the staffing company Spherion.

The company’s May employee confidence index fell to 45.9 from 47.3 in April.
A year ago in May the index stood at 58.9.

Fifty-eight percent of the workers surveyed around the state in May said they believed fewer jobs existed, an increase of seven percentage points from the month before.

In other negative signs: A majority of workers, 66 percent, believed the economy was weakening. Just 11 percent of workers in May believed the economy was improving. While a majority of employees are confident in their current company’s future, 56, that represents a 16-percentage point decline from April.

--Carrie Mason-Draffen

Mets welcome their new boss, Jerry Manuel, and have problems

From a human relations point of view, the Mets seem to still have a lot of labor-managment issues, as new Mets manager Jerry Manuel got off to a rocky start in his first game last night.

After a whole day of talk about Willie Randolph's firing, many players, sportswriters and fans expressed the hope that the team would move on and gel under the new manager, Manuel. This talk was akin to a corporation rattled by performance problems and dissent, where the embattled CEO is finally fired. And then there's hope for a coming together.

But it didn't take more than a couple of minutes of the game with the Angels last night to punch holes in that notion. As Newsday's David Lennon reports, Jose Reyes got to first on the first at-bat, but he looked like he was having leg pain. The new manager bounded out of the dugout to talk to him, along with a trainer. You didn't have to read lips to tell that Reyes was saying he was ok, but Manuel wasn't buying it. Manuel then signalled Reyes to come out of the game, and Reyes started protesting.

So here we have the first public in-game act by a new manager, and one of his star players was challenging his judgment. That didn't look too promising. The debate between Reyes and Manuel went on for a few more long-seeming seconds and then Reyes sullenly agreed to come off the field. And he heatedly threw off his batting helmet for good measure. Manuel kept his cool, and was seen smiling soon after in the dugout, talking to someone else.

Manuel had held his ground and authority in the first test. But this being his public welcome didn't bode well for team harmony. It looks like the HR department has quite a bit more work to do.

--Noel Rubinton

Continue reading "Mets welcome their new boss, Jerry Manuel, and have problems" »

June 17, 2008

Information technology worker shortage continues

The shortage of information-technology workers shows no sign of abating. In fact, it may be getting worse, according to a new survey.

Seventy-seven percent of chief information officers in the U.S. said it was equally as difficult or more challenging to find skilled IT workers, compared with 12 months ago, a Robert Half Technology survey shows. The California staffing company said the CIOs attributed the shortage mostly to a shortage of qualified IT workers. The second reason was companies’ inability to pay competitive salaries.

“Employers are struggling to find the most qualified candidates and some are more willing to negotiate higher compensation to get them on board,” said Katherine Spencer Lee, executive director of Robert Half Technology.

The survey is based telephone interviews with 1,400 CIOs from U.S. companies with at least 100 employees.

For more on the survey go to: www.rht.com/pressroom

--Carrie Mason-Draffen

Newspaper companies in trouble--the latest list

It seems like no day is complete these days without some bad news about newspapers. Today's involves a Standard & Poor's analyst and other financial experts saying which papers and chains are in serious jeopardy of financial meltdowns.

According to Bloomberg News, Emile Courtney says that Sam Zell's Tribune Co. could face default by the end of the year. Newsday is currently owned by Zell, but is scheduled to be sold to Cablevision this summer.

Also on the in-danger list, according to Courtney: William Dean Singleton's MediaNews Group; Journal Register Co., owner of the New Haven Register; and Florida Times-Union parent Morris Publishing Group.

Philadelphia Media Holdings LLC, owner of the Philadelphia Inquirer and Daily News, is already in technical default.

And if this isn't bad enough, there could be more.``It's inevitable that one or more of the many highly levered companies in this industry will get into trouble,'' said Goldman Sachs Group Inc. analyst Peter Appert in San Francisco. ``Whether that translates into bankruptcy, only time will tell.''

--Noel Rubinton

June 16, 2008

LI gets $250,000 federal jobs grant for mortgage, bank workers

Long Island’s numerous layoffs in the mortgage and banking industries have helped earned it a $250,000 grant from the U.S. Labor Department to help strengthen employment here.

The “regional innovation grant” will be used to “lay the groundwork” to identify future layoffs and find ways prevent them. The funds will also be used to help match laid-off workers with regional industries needing their skills.

More than 1,900 people who worked in the Island’s mortgage and banking industries have lost their jobs during the current economic downturn, the Labor Department said.
The New York Department of Labor and local government agencies will administer the funds.

--Carrie Mason-Draffen

June 13, 2008

Alternative fuel technologies, according to General Motors' top research and development exec

For consumers trying to decide whether to fill their cars’ fuel tanks this weekend or buy groceries come encouraging words from General Motors’ top research and development executive: the technologies exist now to significantly lessen the nation’s dependence on imported oil and get energy prices back under control.

Eventually.

“While this [fuel price] problem has hit us hard, it has hit us at a time when technology offers us solutions,” said Larry Burns, who was in the New York area for the day Thursday from his home base near Detroit for a couple of meetings, including a lunch at Newsday’s Melville headquarters.

The key, he says, is to develop those technologies sufficiently — hopefully with more help from federal and local governments — to provide real competition for OPEC’s petroleum, to force prices downward.

That’s the only way, he contends, because, unlike those in the 1970’s that were due to temporary global supply interruptions, this price runup is rooted in the Third World’s growing need for oil. “It’s a demand driven shock,” said Burns, “We’re going to have to live with expensive energy.”

There’s no single solution, he says, but those with the most potential include biofuels from waste such as grass clippings; more domestic natural gas and hydrogen fuel cells for rechargeable and hybrid electric cars.

“The reason they charge $120 a barrel for oil,” he said, “is because they can.”

Lunching on a cheeseburger and fries, Burns talked of a new DNA for cars, including electronic and digital controls replacing mechanical and hydraulic ones and with electric motors at each wheel providing propulsion and even steering to eliminate the drivetrain and steering gear as we know it — all to save weight, increasing fuel efficiency.

While Americans undoubtedly will be shifting to smaller vehicles in coming years, Burns said, the family car or small SUV so integral to the American lifestyle need not become a relic — not if alternatives to gasoline can be successfully developed.

The family’s second car, though, might well be a small electric, such as the plug-in hybrid Chevrolet Volt GM is now promising dealers for the 2010 model year.

One alternative he’s not enthusiastic about, though, is an increase in the use of diesel for cars — as the Europeans have encouraged through taxation. It’s fine for trucks — vehicles that need the hauling the power of a diesel’s high torque, but the technology’s 20 percent efficiency advantange over a gasoline engine is outweighed by the high costs of diesels, Burns contends — especially the super clean diesels to meet California and New York exhaust emission standards. “It doesn’t solve the problem and it takes a lot of capital,” he said.

And, he notes, diesel fuel is about 75 cents a gallon more expensive than gasoline, amid rising world demand.

Critics might say that automakers like GM haven’t done their parts — pushing hulking SUVs for their higher profits over more fuel-efficient cars, but Burns said 12 of GM’s last 13 new model intro’s were of cars or small “crossover” SUV’s.

Ever-ready, like most auto executives, to slip a commercial into a conversation, Burns also said that General Motors’ sales and market share have risen in the New York area, led by the new Chevrolet Malibu.

--Tom Incantalupo

A list of CVS and Rite Aid stores cited for outdated products

New York Attorney General Andrew Cuomo has capped a three-month investigation into drug stores selling outdated products by citing 254 CVS and Rite Aid stores statewide. Of those, 32 are in Nassa and Suffolk counties. For the full list, click here.

--Noel Rubinton

June 12, 2008

Airlines getting more money from passengers

Struggling U.S. airlines are going to get their money from passengers, one way or another.

An example: American Airlines, the largest of the carriers, has just raised its fuel surcharge by $20 a round-trip, a few days after a $20 fare increase failed when other airlines did not go along with it.

And, despite widespread criticism, Dallas-based American plans to go ahead with plans next week to charge customers $15 each way for a single checked bag on domestic flights. On Thursday, United Airlines said it will do the same thing.

It's not hard to understand why airlines are charging for just about anything they can these days.

Fuel costs have risen an astonishing 97 percent during the past year, prompting carriers to park planes, reduce capacity, layoff employees and cut routes, all in an effort to save money.

Most of the fare increases airlines have imposed this year have stuck, meaning passengers were still willing to pay the higher rates.

The question airlines are seeking an answer to is this: at what price point will customers balk and decided to drive, take a train, or simply stay home?

--James Bernstein

Oil prices are pushing up costs for many products

From the looks of soaring oil prices and temperatures, it feels like it will a long, hot, expensive summer.

If it wasn't bad enough to see oil prices contribute directly to sky-high gasoline and nightmarish visions of next winter's home heating bills, there's the further reality of all the other added costs we'll face from oil increases. The U.S. Department of Energy says there are 57 major uses of petroleum, according to a recent Christian Science Monitor article. "Everything from cosmetics to ballpoint pens, nylons, and even the waxes in chewing gum," the story pointed out.

Recently, for example, Dow Chemical announced a 20 percent across-the-board price increase on its products, which range from antifreeze to cleaning fluids to pharmaceuticals.

Food prices are included too. Wegmans, a grocery chain based in Rochester, N.Y., normally tries to keep price increases to a minimum. Now, however, prices are rising on nearly every shelf. "We're talking increased raw materials, packaging, transportation, the whole ball of wax," Jo Natale, a spokeswoman, told the Monitor. "We have tried to absorb as many increases as possible to remain competitive, but we have reached the point where retail prices have to go up."

At Procter & Gamble, Clayton Daley, chief financial officer, told securities analysts that the company expects to incur about $1.4 billion in higher energy costs this year. By August, he said, the company would raise prices 4.5 percent on Always and Tampax products, 7 percent on Crest Pro-Health Rinse, 6 percent on Dawn, 8 percent on Swiffer refills, and 11 percent on Oral-B power brushes and refills.

--Noel Rubinton


June 11, 2008

Spherion's office-supply theft survey: He did it!

When it comes to the theft of office supplies, more men than women are likely to be the culprit, according to a new survey by the staffing company Spherion. Twenty percent of male workers admit to taking office supplies vs. 17 percent of female employees.

Male employees are also less likely to think the theft is wrong: 68 percent of men, vs. 70 percent of women.

Overall, more employees feel it is wrong to steal office supplies for personal use: 74 percent this year, compared with 69 percent last year.

Pens, pencils and rulers are the most commonly pilfered office items across all demographics
For more on the study go to:

http://www.spherion.com/pressroom/index.php?s=43&item=602

--Carrie Mason-Draffen

June 10, 2008

Adecco: Working dads and moms a lot alike

Working dads have a lot in common with working moms, according to a new Father's Day survey from the staffing company Adecco

The majority of working dads and moms say it's more challenging to manage their family life than their career -64 percent of dads, compared with 71 percent of moms.

The majority of dads believe companies should do more to help employees achieve a work-life balance - 55 percent. A a near majority of moms agree- 49 percent.

"The perception that the work/life balancing act is mainly a female struggle no longer holds up in today's workplace," said Rich Thompson, vice president of training and development for Adecco Group North America, which is based in Melville. .

The sexes run almost neck in neck in their belief that becoming a parent has affected their career path - 45 percent of dads, compared with 41 percent of moms.

For more on the survey go to:

http://sev.prnewswire.com/workforce-management/20080609/CLM06109062008-1.html

June 9, 2008

Hamptons to host M&A conference

A conference on mergers and acquisitions doesn’t automatically conjure up visions of the casual Hamptons but that could change come Monday and Tuesday.

“Convergence 2008: M&A summit in the Hamptons” will take place during those two days at the Southampton Cultural Center.

“People tell me, ‘Okay, The Hamptons in June. You don’t have to hard-sell me,’” sad Warren Strugatch, chief executive of M&A Forum, a conference producer and newsletter publisher in Manhattan that is organizing the forum.

The conference will tackle topics such as economics for deal-makers, overseas investments trends and the changing role of activist investors. The forum will also hand out awards to firms and individuals who exemplify good corporate citizenship in the mergers and acquisitions context.

East End residents scheduled to speak include William Brewer, the lawyer who directed Sam Wyly’s proxy battles again Islandia-based CA Inc. And Edward Braun, the chairman of Veeco Instruments Inc. in Plainview. Fortune magazine editor-at-large Allan Sloan will also speak.

Hampton-like touches will include a sunset lobster bake, vineyard tours and golf. “Business attire is discouraged,” a conference news release states.
For tickets and other information call 212-618-6375 or go to

http://themaforum.org/html/hampton_event_hamptons.html.

June 5, 2008

1-800-Flowers has "great turnout" for e-cycling

The results are in: 1-800-Flower’s e-cycling day on Wednesday drew nearly 200 individuals and local businesses that dropped off 250 computers and monitors. They also dropped off unwanted radios and televisions.

“We had a great turnout yesterday,” the company said in a statement.

The Carle Place retailer held its first e-cycling day with e-Scrap Destruction of Islandia to collect unwanted electronic equipment to keep them out of landfills.

The Town of North Hempstead was pleased with the e-cycling effort of one of its local businesses. “Burying electronics, which contain hazardous materials, poses a public health threat,” spokesman Collin Nash said in a statement. “Also, with landfill space at a premium, any reduction in solid waste saves taxpayer dollars on disposal costs.”

--Carrie Mason-Draffen

Wal-Mart, Costco, pension funds winners in slowdown

The U.S. economy hasn’t officially tumbled into a recession, and economists are split about whether it will this cycle. But they agree that economic growth has slowed, and two Bloomberg News stories reflect that.

Sales at the country’s biggest discount retailers in May exceeded analysts’ expectations. Wal-Mart reported a 3.9 percent increase for last month. Costco’s sales rose 9 percent. By contrast, Target and Kohl’s posted declines.

As another measure of the slowdown, government bonds, which tend to do well when the stock market slows, are yielding unexpected benefits for pension funds. The combined pension funds of companies in Standard & Poor’s 500 index swung to a $63 billion surplus in 2007 after five years in the red. The number of overfunded plans rose to 127 last year, from 85 in 2006.

For more on the discounters go to:
http://www.bloomberg.com/apps/news?pid=20601110&sid=aO7GZnKC4Jn0


for more on pensions and the slowdown go to: to
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aiLRpsWq5EzY

--Carrie Mason-Draffen

June 4, 2008

High gas prices pushing talk of four-day work weeks

If society is supposed to progress, what happened to work?

These days, like pop-up ads, work can be annoyingly possible 24/7 anywhere, through our “Crackberries”, cell phones, WiFi and emails accessible on every computer except, maybe, the ones in the toddlers’ rooms.

But gas may change that. Or rather, the high price of gas.

Matthew Crosson, president of the Long Island Association, said some businesses have been discussing four-day work weeks.

“On Long Island, that’s going to be a very significant challenge among the vast majority of businesses because they’re so small,” he said. “Storefront businesses are not going to be able to close down one day a week.”

On the Island, 96 percent of businesses have 50 employees or fewer, he said, and the noise about a shorter work week has been primarily heard in larger firms.

But Crosson doesn’t think the work week will be revolutionized until people begin to believe one thing and companies face even higher gas mileage reimbursement rates: “Until people really begin to believe that $4 a gallon gasoline is the floor, not the ceiling, they won’t make drastic changes.”

And you thought there was no upside to the price of gas.

--Ellen Yan

Governments, companies planning to reduce business losses during emergencies

A plan designed to reduce business losses during emergencies is being finalized between Suffolk County and a nonprofit crisis management group.

Under the Corporate Emergency Access System, companies that want to participate would have to decide in advance which key employees should get access cards to cross police lines. If it’s safe – say an entire street is blocked off because one building is on fire but the others are not - police would scan the cards and allow only these key workers through to save food, take out temperature-sensitive medicine, shut down power, retrieve paperwork or do other critical tasks.

“It saves time and enhances security,” County Executive Steve Levy said. “We’re very happy to see this plan come to fruition. This is an example of good, pre-emptive planning that can help avoid chaos in a frantic emergency situation.”

The program was developed by Business Network Emergency Resources, a nonprofit headquartered in Manhattan, and was adopted by Nassau in 2006 and New York City in 2004. New York City activated the system last July when a steam pipe exploded in midtown Manhattan.

The cards would be hard to counterfeit and simplify police officers’ job during emergencies, said Dr. Robert Leviton, president and a founder of the nonprofit and also director of the emergency department at Our Lady of Mercy Medical Center in the Bronx.

“History shows that with the complexities of the various IDs – you have your ID, I have my ID, the guy from ConEd has his ID, the gal from CompUSA has her ID – the police become overwhelmed by determining ‘Who should they let in?’ “ Leviton said. “The system gives a very easy method for the officers at the front gate, so to speak, to say ‘Yes, you can come in’, ‘No you can’t’. What’s important about all that is it’s described ahead of time so there’s no discomfort by people.”

At the same time, Leviton said, instituting an emergency access program pushes companies to plan ahead: “We force companies to look at their business to say ‘Who do we really have to come in?’ so they have their discussions today, on a nice, bright, summery day rather than that moment of disaster.”

Each two-year card costs

Continue reading "Governments, companies planning to reduce business losses during emergencies" »

New York small businesses decry health-care costs

A statewide survey released Wednesday confirmed what many small-business owners in New York already know: health-care benefits are costly.

The majority of the 400 businesses surveyed, which included nearly 60 on Long Island, acknowledge the advantage of offering health-care benefits but say the costs are prohibitive. Most of the businesses have fewer than 50 employees.

More than half of the respondents, 52 percent, said they don’t offer benefits because of costs. And 81 percent said the best way to make the benefits affordable is to share costs with employees and government.

Seventy percent of the businesses said offering benefits is important because they help attract good employees. And 60 percent said benefits are important because they improve employees’ health.

Four groups collaborated for the poll: AARP; the American Cancer Society; The Small Business Majority, a San Franciso-based advocacy group, and the Business and Labor Coalition of New York, or BALCONY, a statewide non-partisan group.

The sponsors hope the findings will spur lawmakers to help small businesses provide coverage for their employees.

For more on the survey go to:

www.balconynewyork.com.

--Carrie Mason-Draffen

Rating the world's most ethical companies

Who says being nice doesn't pay?

The Ethisphere Institute--a think-tank that says it's dedicated to spotlighting profitable best practices in governance, business ethics, compliance and corporate social responsibility--released its second annual World’s Most Ethical Companies list. The recipients were honored at an evening reception Tuesday at the June 3rd Ethisphere and Forbes joint conference, “Driving Profit Through Ethical Leadership.”

Researchers and analysts reviewed several thousand companies through the year. There were numerous companies who were repeat winners from last year’s inaugural list, including Duke Energy, Deere & Co, General Electric, Google, and McDonald’s. General Mills, NYSE Euronext, Science Applications International Corporation (SAIC), and Premier, Inc. were among many newcomers.

For the full list, click here. You won't see any companies based on Long Island, but are plenty that Nassau and Suffolk residents can frequent, such as Target, Ikea, McDonald's
and Starbucks.

“The process was rigorous, and we are confident that the organizations included in the 2008 ranking are the standouts in their industries, forcing their competitors to take a long, hard look at their own efforts—and shortcomings,” said Alex Brigham, executive director of Ethisphere Institute. “These companies make a concerted effort to ensure ethical practices remain a top business priority.”

The process included reviewing the companies’ codes of ethics, litigation and regulatory infraction histories; evaluating the investment in innovation and sustainable business practices; looking at activities designed to improve corporate citizenship; studying nominations from senior executives, industry peers, suppliers and customers; and working with consumer action groups for feedback. Researchers further analyzed information provided by the companies themselves through questionnaires and conducted additional research for anything they might have missed.

--Noel Rubinton


June 3, 2008

United Business Media, former CMP, reduces workforce, including on LI

United Business Media, which has a division in Manhasset by the same name, has laid off about 10 people nationwide, a spokeswoman said Tuesday.

She didn’t say how many employees in Manhasset were let go or how many employees work in that operation, formerly known as CMP Technology.

For more than a year, U.K.-based United Business Media has been streamlining its operations as it shifts away from its print publications in favor of online information.

Last June, CMP announced that it was cutting 200 jobs, about half of them on Long Island. At that time it had about 500 employees on Long Island.

United Business Media, announced in February that it had changed CMP’s name and organized it into four media and information-services businesses.

In a statement yesterday, Paul Miller, the chief executive of one of those groups, TechInsights, said the latest job cuts, though small, involved several areas — sales, editorial and production and both East and West Coast operations. TechInsights provides business and technical information for electronic-industry executives.

Miller said the staffing changes were made to “better suit our customers’ needs” and to “shift geographic distribution of our resources.”

--Carrie Mason-Draffen

June 2, 2008

Motley Fool bashes 1-800-Flowers for trying to do good

Seems that some companies that attempt to go green could wind up feeling blue - from bashing.

The MotleyFool.com, the online investment adviser, has taken 1-800-Flowers.com to task for an e-cyling day the Carle Place retailer plans to hold on Wednesday in order to collect discarded computers and other electronic equipment for proper disposal. The company is partnering with e-Scrap Destruction of Islandia.

The upcoming event earned 1-800-Flowers a spot last week on Motley Fool’s “This Week’s 5 Dumbest Stock Moves.” Senior analyst Rick Munarriz wrote, “I know that when I think about floral arrangements, the first thing that pops into my mind is not scrap metal.”

And he chides the retailer for offering 15-percent off coupons to people who drop off discards.
“The downside?,” he writes. “Before heading out with your toasted copier for the sake of that coupon, know that you’ll still be paying for 85 percent of a purchase that you may not have been planning to make.”

1-800-Flowers took the comments in stride.

“At 1-800-FLOWERS.COM, we pride ourselves in offering the ultimate customer experience,” the company said in a news release today. “And we continually seek ways to participate in programs that will benefit our customers and the communities we serve."

Hopefully, the Fool, known for its attitude, was being tongue in cheek. It’s hard to imagine the analyst believes that Long Islanders would condemn their computer equipment to death just for a 15- percent off coupon to buy flowers.

After the e-cycling story first ran on this blog on May 2, a woman sent a email thanking this blogger for writing about a place where she could properly dispose of an old computer. At the end of the day, a lot of broken computers, monitors, and other electronic equipment could go to a far better place than the local landfill.

For more of the Motley Fool comments go to:

http://www.fool.com/investing/general/2008/05/30/this-weeks-5-dumbest-stock-moves.aspx

--Carrie Mason-Draffen

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