Biz Buzz
LONG ISLAND
Arrow secures $1.2B credit line
Building up its available funding sources to pursue further growth, Arrow Electronics Inc. of Melville said it has arranged a new five-year $1.2-billion line of credit. It replaces a previous $800-million credit line and a $200-million term loan that were scheduled to expire in January 2012, Arrow said Monday. The new $1.2-billion line expires in 2016. The lead banks in the new credit arrangement are JP Morgan Chase Bank as administrative agent and BNP Paribas, Bank of America, The Bank of Nova Scotia and The Bank of Tokyo-Mitsubishi as syndication agents, Arrow said. -- JOSEPH MALLIA
Elder-law clinics being planned
Seniors and their families with questions on elder-law issues can sign up for a complementary elder-law clinic in Woodbury on either Sept. 15 or Oct. 5. The law firm of Fratello & Fox is offering free, 45-minute one-on-one sessions in which attendees can address issues such as Medicaid planning, long-term care financing, guardianship, senior housing options. At an earlier clinic some attendees came "with all their ducks in a row" looking for fine-tuning and clearer understanding, said partner Cheryl L. Fratello. Others came looking to learn some basics. For more information or to reserve a spot, call 516-496-0730.-- PATRICIA KITCHEN
Verizon labor talks to resume
Talks between Verizon and its unions are to resume Sunday, a union representative said Monday as workers prepared to return to their jobs. Members of the Communications Workers of America and International Brotherhood of Electical Workers were to return to work at Verizon last Monday night at 11 following a Saturday announcement that their strike had ended and negotiations for a new contract between the two parties will continue. Workers go back under the terms of their old contract. George Bloom, president of CWA's local 1104 in Nassau, said the company and unions are taking a week to rest and prepare new proposals and will reconvene Sunday in Rye. Verizon spokesman John Bonomo confirmed the break but did not give an exact date for when talks will begin again. -- LISA DU
First public event for LI council
The Long Island Economic Development Council, established by Gov. Andrew M. Cuomo, will hold its first public meeting Tuesday night at Hofstra University. The move comes after the council and nine others across the state were criticized earlier this month for convening for the first time in secret. LI council vice chairmen Kevin Law and Stuart Rabinowitz quickly promised all future sessions would be open to residents and the media. The local council will meet at 4 p.m. at Hofstra's Mack Student Center in Hempstead. RSVP to Loretta Crawford at 631-435-0717 or nyslongisland@empire.state.ny.us. Separately, two public forums where the 22 council members and Lt. Gov. Robert J. Duffy seek feedback from residents are scheduled for next month and in October. The council is facing a Nov. 14 deadline to submit to the Cuomo administration a five-year plan for creating jobs in Nassau and Suffolk counties. -- JAMES T. MADORE
NATION
Skype buys GroupMe text firm
Skype is expanding even before it gets absorbed by Microsoft. The online communications service plans to buy GroupMe, which provides group text messaging. Skype lets users make calls, conduct video chats and send instant messages over the Web. Its basic services are free, while users pay for services such as calling regular phones from a computer. The acquisition brings Skype into the quickly growing field of mobile group messaging, which has been rolled out on a variety of smartphone apps including one recently launched by Facebook. Skype already offers group options such as Web-based conference calls and group video chats. Skype did not say how much it will pay for GroupMe. -- AP
Yankees pushed to brink, game 3 wrap ... Queens County Farm ... Get the latest news and more great videos at NewsdayTV
Yankees pushed to brink, game 3 wrap ... Queens County Farm ... Get the latest news and more great videos at NewsdayTV