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All eyes on Dolans as they blend Newsday, Cablevision

"We believe this presents great opportunities for us to build our subscription-based businesses," Rutledge said in a statement yesterday. "This marriage of content and technology will also strengthen Newsday's role as the connecting point between readers and the events, businesses and neighbors around them."

Anyone who has observed the 35-year history of the region's largest cable TV network should not be surprised to see the Dolans pay a premium to own Long Island's only locally based daily - despite Wall Street's early objections. (After posting strong results for fiscal 2007, Cablevision shares have wrestled with 52-week lows in recent weeks, trading at less than $20 after hitting highs last year above $36 a share.)

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US stocks head for higher after employment reading

Stock futures advanced after payroll company Automatic Data Processing said private sector employment rose by 9,000 in July. Investors are eager for any insights into the July jobs report from the Labor Department on Friday.

They also ticked higher on news that the Federal Reserve is extending its emergency borrowing program to Wall Street firms. The central bank will also now allow commercial banks to bid on cash loans that last for 84 days, besides the 28-day loans that are now available. The original program allowing investments firms to turn to the Fed for a quick source of cash will now run through Jan. 30. The program, set up in mid-March, had been slated to run until mid-September.

The latest overtures from the federal government, some of which had been expected, nonetheless helped lift futures. more

Business link with Hong Kong

South East businesses have received a live market report from Hong Kong courtesy of the Limestone Coast on Display program.

Businesses involved in the program took time out on Tuesday afternoon to gather at Telstra Country Wide's Mount Gambier office to engage in a video link with the Austrade office in Hong Kong.

The exercise was part of the Limestone Coast on Display program, which itself is a portion of the Women Working @ Winning program initiated by the Limestone Coast Area Consultative Committee.

"It was pretty ground breaking really," project coordinator Kate Facey said.

"The businesses received a market briefing from an Austrade representative in Hong Kong."

The program will continue to expand, with businesses soon to be chosen for a trip to Adelaide, where their businesses will be showcased in Rundle Mall, as well as networking opportunities set up to help expansion outside of the Limestone Coast. more

Businesses turning to golf carts for the short hauls

And so, as gas prices remain high and economic challenges continue, more businesses are discovering the carts' appeal, says Pete Reynolds, a salesman at Carolina Golf Cars on Wilkinson Boulevard in Charlotte.

Although the 25-year-old company hasn't seen its business spike dramatically in recent months, sales aren't down, either. Given the state of the economy, that's news they can live with, Reynolds says.

"We're staying very busy," he said. Now, he said, they're seeing more businesses seeking less expensive alternatives to traditional cars and trucks. "When times get tough, they search out other alternatives a little bit more."

Instead of hauling a few tools or supplies from one end of a business park to the other using a $20,000 pickup truck – which needs insurance and plenty of gas, too – businesses are looking more at industrial golf carts with beds in the back, which do the same job for less money, Reynolds said. more

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