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WPP Considers Merger of Young & Rubicam and Digital Ad Firm VML
News 9 months ago
WPP Considers Merger of Young & Rubicam and Digital Ad Firm VML

WPP’s Chief Executive Mark Read is preparing to consolidate some of the advertising giant’s major properties, as traditional agencies struggle to...

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No one knows what to call the hottest cryptocurrency
News 9 months ago
No one knows what to call the hottest cryptocurrency

The cryptocurrency widely known as Ripple is on a tear. Problem is, that’s not its actual name. That would be XRP, a token created for use on the...

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State's average life expectancy dips
News 9 months ago
State's average life expectancy dips

Life expectancy among New Yorkers has fallen in the past two years in what the NYS Health Foundation called an "alarming reversal" after gains...

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State officials hear public comments on marijuana
News 9 months ago
State officials hear public comments on marijuana

Several dozen speakers overwhelmingly supported adult use of marijuana at the Borough of Manhattan Community College on Thursday—the first of...

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Comcast, Fox to Settle $35 Billion Takeover Battle for Sky in Weekend Auction
News 9 months ago
Comcast, Fox to Settle $35 Billion Takeover Battle for Sky in Weekend Auction

Comcast and 21st Century Fox will settle their takeover battle for Sky in a weekend auction run by British regulators, setting up a dramatic climax...

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State officials hear public comments on marijuana
News 9 months ago
State officials hear public comments on marijuana

Several dozen speakers overwhelmingly supported adult use of marijuana at the Borough of Manhattan Community College on Thursday—the first of...

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Emblem revamps plans for city workers
News 9 months ago
Emblem revamps plans for city workers

EmblemHealth has created new health plans for city employees that eliminate out-of-pocket costs when members use Hospital for Special Surgery and...

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Also: Democratic representatives to try to restore tax deductions
News 9 months ago
Also: Democratic representatives to try to restore tax deductions

At a Crain's breakfast forum this morning, Brooklyn Rep. Hakeem Jeffries and Manhattan Rep. Jerrold Nadler railed against provisions of the 2017...

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Wall Street vet looks to disrupt money-management biz
News 9 months ago
Wall Street vet looks to disrupt money-management biz

Most average investors know they're better off investing in a mutual fund that tracks the S&P 500 or some other index rather than trying to beat...

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Top Dem: Trump impeachment would have to be bipartisan
News 9 months ago
Top Dem: Trump impeachment would have to be bipartisan

The Democrat positioned to spearhead any potential impeachment of President Donald Trump won't pull the trigger on proceedings without GOP backing...

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Commercial rent control's fundamental flaws
News 9 months ago
Commercial rent control's fundamental flaws

In the late 1980s Ruth Messinger, who was then the Manhattan borough president, was pushing a proposal to impose rent controls on commercial space...

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Key committee OKs 80 Flatbush after height chop
News 9 months ago
Key committee OKs 80 Flatbush after height chop

The City Council gave its stamp of approval Thursday to 80 Flatbush, a hotly contested development project in Downtown Brooklyn that pitted low...

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JLL poaches Brooklyn brokerage team from rival Cushman & Wakefield
News 9 months ago
JLL poaches Brooklyn brokerage team from rival Cushman & Wakefield

A high-producing Cushman & Wakefield commercial real estate sales team that focused on Brooklyn is leaving the firm to join the rival brokerage JLL...

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NJ Transit discounting rail tickets as it cuts NYC service
News 9 months ago
NJ Transit discounting rail tickets as it cuts NYC service

New Jersey Transit will discount all rail tickets for three months as it cancels some runs to and from New York’s Penn Station to work on emergency...

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Blackstone is buying warehouses from Harvard's endowment
News 9 months ago
Blackstone is buying warehouses from Harvard's endowment

Blackstone Group LP agreed to buy a portfolio of warehouses from Harvard University’s endowment for about $950 million, according to people...

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Solar is worth more on Long Island than anywhere else in U.S.
News 9 months ago
Solar is worth more on Long Island than anywhere else in U.S.

The best place to generate cash from a solar farm in the U.S. isn’t California or sunny Florida—it’s Long Island. While New York ranks 11th in the...

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City sues five lenders over zombie properties
News 9 months ago
City sues five lenders over zombie properties

The city accused five lenders and mortgage servicers in Brooklyn Supreme Court Wednesday of foreclosing on homes and then leaving them to...

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NFL, Cirque de Soleil sack Times Square's NFL Experience
News 9 months ago
NFL, Cirque de Soleil sack Times Square's NFL Experience

NFL Experience Times Square, a 40,000-square-foot interactive museum featuring a four-dimensional roller-coaster theater, is closing Sept. 30 after...

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NYRB editor out amid uproar over essay on #MeToo fallout
News 9 months ago
NYRB editor out amid uproar over essay on #MeToo fallout

Ian Buruma has left after one year as editor of The New York Review of Books. It is unclear if he was fired or resigned, but Buruma's departure...

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NYC spending more to house homeless
News 9 months ago
NYC spending more to house homeless

The city spent an average of $117 a day in fiscal 2018 to house single homeless adults, compared with $99 in fiscal 2017, according to Mayor Bill...

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Guggenheim restructuring team looks to municipal debt, derivatives
News 9 months ago
Guggenheim restructuring team looks to municipal debt, derivatives

Guggenheim Partners, which recently merged its restructuring business with Millstein & Co., sees opportunities in helping struggling local...

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City kicks off Speculation Watch List
News 9 months ago
City kicks off Speculation Watch List

The city adopted rules for its Speculation Watch List Wednesday, meaning officials will now start listing landlords who overpaid for affordable...

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Spotify expands WTC headquarters
News 9 months ago
Spotify expands WTC headquarters

Spotify is again expanding its Lower Manhattan office, home of its U.S. headquarters. The Sweden-based music streaming giant is adding 85,666...

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Spotify becomes second-largest tenant at 4 WTC
News 9 months ago
Spotify becomes second-largest tenant at 4 WTC

Spotify is again expanding its Lower Manhattan office, home of its U.S. headquarters. The Sweden-based music streaming giant is adding 85,666...

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JPMorgan faces $6 million bribe allegation from Libyan oil fund
News 9 months ago
JPMorgan faces $6 million bribe allegation from Libyan oil fund

The Libyan Investment Authority sued JPMorgan Chase & Co. in London, saying the lender paid more than $6 million in bribes to secure a $200 million...

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New York can't afford to let New Jersey pass retail pot alone
News 9 months ago
New York can't afford to let New Jersey pass retail pot alone

New York state may see potential tax dollars go up in a puff of pot smoke. With New Jersey Governor Phil Murphy leading a fast-track push to...

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Blackstone is said to be near deal for New Mountain Capital stake
News 9 months ago
Blackstone is said to be near deal for New Mountain Capital stake

A Blackstone Group LP unit that buys stakes in alternative asset managers is nearing a deal for a minority investment in New Mountain Capital LLC,...

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New York startups continue to rake in VC funding
News 9 months ago
New York startups continue to rake in VC funding

New York City-based startups have closed about 850 venture capital funding deals this year totaling $9.1 billion, according to the city Economic...

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Brooklyn Diocese settles abuse cases for $27.5 million
News 9 months ago
Brooklyn Diocese settles abuse cases for $27.5 million

The Diocese of Brooklyn and a local after-school program reached a $27.5 million settlement with four men who were sexually abused as children at...

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Cuomo, de Blasio make nice in state Democrats’ unity push
News 9 months ago
Cuomo, de Blasio make nice in state Democrats’ unity push

Gov. Andrew Cuomo and Mayor Bill de Blasio spoke kind words about each other during a state Democratic Party summit in Midtown yesterday. The...

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