economy

"This will reverberate through the banking world"
7:12 pm
Mon September 22, 2014

N.Y. jury finds Arab Bank liable for funding terrorism

Attorneys for Arab Bank leave Federal Court in Brooklyn. Shand Stephens, center.
Credit AP Photo/Richard Drew

In a verdict that has far-reaching consequences for global banking, a federal jury in New York has found Arab Bank liable for funding terrorism in Israel between 2000 and 2004.

300 American victims and their families sued the Jordan-based bank, saying they violated the Anti-Terrorism Act by knowingly funding Hamas during the second Intifada. The plaintiffs convinced a jury that the bank gave material support in 24 attacks where Americans were hurt or killed.

This is the first time the Anti-Terrorism Act has been used civilly against a bank.

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Business
4:29 pm
Tue August 12, 2014

LI tech companies having trouble finding talent

Companies set up tables to display their products to potential investors and employees at Launchpad LI's Tech Day in Huntington. Launchpad LI is an incubator, business accelerator, and coworking community space on Long Island.
Credit Gabrielle Fonrouge

Long Island technology companies gathered in Huntington on Tuesday at an event called Tech Day. The businesses were in search of talent and investors.

BluChip SEO is an internet marketing startup based in Smithtown. The company's managing partner, Harold German, came out to Long Island tech day to attract new talent.

“Over the past ten to fifteen years, there has been sort of a talent exodus of 18-34 year olds," German said. "that is concerning because we have a need here for local businesses to be optimized.”

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Business
9:41 am
Wed July 23, 2014

LI businesses pledge to hire more veterans

More than  a dozen Long Island businesses have signed a pledge to hire more veterans.  The New York Mets, the utility company National Grid and the medical supply company Henry Schein are some of those business. 

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"people are nervous"
6:34 pm
Mon March 24, 2014

Poll: most NYers say they're not better off compared to a year ago

A new poll finds the majority of New Yorkers say they are not better off now than they were four years ago.  The sentiments do not seem to be hurting Governor Andrew Cuomo’s chances for reelection.

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Connecticut
12:49 pm
Wed January 15, 2014

NY Fed mostly positive on Conn. recovery

An economist with the Federal Reserve Bank of New York gave a mostly positive outlook for 2014 for Connecticut, despite the state's slow pace coming out of the recession.

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