Blog Profile / Crain's New York Business
| URL : | http://www.crainsnewyork.com | |
|---|---|---|
| Filed Under: | United States / New York | |
| Posts on Regator: | 8249 | |
| Posts / Week: | 69.9 | |
| Archived Since: | February 17, 2011 | |
Blog Post Archive
Empire State Building IPO opponents lose challenge
Investors opposed to a deal to take New York's iconic Empire State Building public failed to persuade a state court judge to declare illegal a plan to buy them out for $100 a share. State Supreme Court Justice O. Peter Sherwood in Manhattan today denied the motion. Show More Summary
Macy’s loses appeals court bid to J.C. Penney
Macy's Inc. failed to persuade an appeals court to impose a preliminary injunction that would have halted J.C. Penney Co. from selling some goods designed by Martha Stewart Living Omnimedia Inc. which don't bear the Stewart brand name. Show More Summary
Citi Bike's boost to local economy touted
Once Citi Bike starts, the dollars are expected to start rolling in. The bike-share program, which launches in May, is expected to generate $36 million in annual local economic activity, New York City's Department of Transportation announced on Tuesday. Show More Summary
Con Edison executives return bonuses
Consolidated Edison Inc. Chief Executive Officer Kevin Burke and three other executives returned 2012 bonuses as Governor Andrew Cuomo called for a halt to the payments while officials investigate the response to Hurricane Sandy. Mr....Show More Summary
City to taxi app: not so fast
After a state judge gave the green light to the Taxi and Limousine Commission's "e-hail" smartphone apps last week, one tech firm couldn't help but toot its own horn. "Hailo always believed that e-hailing is not only legal, but inevitable,"said Jay Bregman, CEO and founder of Hailo, in a statement shortly after the judge's ruling. Show More Summary
Bloomberg lashes out at media on stop-and-frisk
Mayor Michael Bloomberg lashed out at The New York Times for criticizing the Police Department's controversial practice of stop-and-frisk and for failing to report on the shooting death of a 17-year-old in the Bronx last week. "Do you...Show More Summary
Green facelift eyed for white-elephant buildings
New York's ubiquitous, little-loved white-brick apartment buildings have long been described as "white elephants." But for their owners, the postwar-era buildings have become problem properties of another sort in recent years as their bricks have cracked and grayed, and the mortar between them has given way. Show More Summary
Teachers seek delay in new-standards consequences
National teachers union head Randi Weingarten called Tuesday for a multi-year moratorium on consequences for any failures to meet the new standards being implemented in public schools across the country. At a speech in midtown, the American...Show More Summary
Matilda, Kinky Boots lead nominations for Tony
Kinky Boots an adaptation of the 2005 movie with new songs by Cyndi Lauper, was today nominated for 13 Tony Awards, the most of any show in the 2012- 2013 Broadway season. Matilda, a bittersweet musical about a precocious girl with special powers of imagination, was nominated for 12. Show More Summary
Lhota knocks Bloomberg's management style
Republican mayoral frontrunner Joseph Lhota, a favorite of many business people concerned about who will succeed Mayor Michael Bloomberg, said repeatedly Tuesday morning that he would run his administration quite differently from Mr....Show More Summary
Flip Flop chain nails store on East Eighth Street
New York University students might want to start polishing their toenails. Flip Flop Shops, a Boston-based shoe chain with 30 outposts, has signed on for its first Big Apple store. The company is taking 900 square feet at 61 E. 8th St., between University Place and Broadway, in a five-year deal. Show More Summary
Stocks edge lower on weak earnings reports
Stock prices are opening mostly lower on Wall Street as weak earnings from Pfizer and other companies drag down major market averages. The Dow Jones industrial average fell 48 points to 14,770 shortly after the opening bell Tuesday, a loss of 0.4%. Show More Summary
Pfizer 1Q profit up, but drugmaker cuts outlook
Pfizer Inc.'s first-quarter net income rose 53% despite growing generic drug competition as the world's second-largest drugmaker benefited from a gain related to a joint venture with China. But the company's results still fell short of Wall Street's expectations, and Pfizer lowered its 2013 profit forecast by 6 cents to $2.14 to $2.24 per share. Show More Summary
Public housing tenants file suit
Some public housing tenants in Manhattan are fed up with the New York City Housing Authority. Residents at the Smith Houses filed a lawsuit Monday against the city agency demanding that housing repairs are made, according to The New York Times. Show More Summary
State shrinks liquor license logjam
It's a lot easier to get a liquor license in New York these days, according to Gov. Andrew Cuomo, who is heralding a 74% decrease in the number of pending applications since January 2011. The statewide backlog has been reduced to 194...Show More Summary
Beware the 'Mr. Fix It' curse
Let us wish Frank Bisignano nothing but the best as he leaves his job as co-chief operating officer at JPMorgan Chase & Co. to become CEO of First Data Corp. Alas, the odds aren't looking good for a successful tenure. That's because the press has given what amounts to the kiss of death. Show More Summary
New 9/11 remnants came from plane wing
The rusted metal aircraft part believed to be from one of the hijacked jetliners that slammed into the World Trade Center in the Sept. 11 attacks came from a wing, not landing gear, police said Monday. The five-foot piece is a trailing edge flap support structure, police said. Show More Summary
Forest City CEO swiftly finds her replacement
Melissa Román Burch, a top executive at the real estate development firm Forest City Ratner Cos., will fill the shoes of MaryAnne Gilmartin, who last week was officially named the company's chief executive following the decision early this year by founder Bruce Ratner to step down. Show More Summary
Proposal for a Sixth Avenue BID gains support
The man behind several of the city's biggest and most successful business improvement districts is in the process of putting together another one for Sixth Avenue between West 43rd and West 55th streets, home to many of the city's biggest office towers. Show More Summary
Sandy and housing credited for rise in construction jobs
Thanks, in part, to a boost from post-Sandy work, employment in the construction industry is inching its way back to its pre-recession peak. In the first quarter of the year, the industry employed 111,333 workers, up 1.3% from the same...Show More Summary