US aviation authorities on Wednesday extended a ban on US airlines flying to Israel's Ben Gurion International Airport for another 24 hours.» Read More
Hurricane Irene had long since passed, but a lot of people who were hoping to get on airplanes as airports in the Northeast reopened Monday were not going anywhere anytime soon, reports the New York Times.
Hurricane Irene was the 'Perfect Storm' for insurers in a different sense of the cliche. The weakened storm that spared New York city from major damage gave the wealthy and rarely hit Northeast enough of a scare because of ominous weather forecasts leading up the storm that property insurers will be able to raise pricing even more next year, according to a Morgan Stanley analyst.
Damage from Irene appears to be less than feared, a bit of reassuring news for a fragile economy.
From North Carolina to Pennsylvania, Hurricane Irene appeared to have fallen short of the doomsday predictions. But with rivers still rising, and roads impassable because of high water and fallen trees, it could be days before the full extent of the damage is known.
Hurricane Irene and the closure of at least 1,000 theater locations along the East Coast is expected to put a dent in this weekend's domestic box office.
Click to see 2010's top 10 U.S. philanthropists, as ranked by The Chronicle of Philanthropy.
Despite growing rumors to the contrary, New York Mayor Michael Bloomberg says he is not running for president in 2012.
Dan Primack at Fortune has been doing a heroic job covering Steve Rattner's travails. His post about NYC Mayor Bloomberg Thursday should be read by everyone.
Timothy F. Geithner has been misidentified as a former Wall Street insider from Goldman Sachs so many times since he became the Treasury secretary that he and his advisers had taken to joking about it. Then the joke backfired. The New York Times reports.
The national unemployment rate edged down to 9.5 percent last month, but the private sector still has 7.9 million less jobs than it did at the end of 2007. New York City Mayor Michael Bloomberg told CNBC he is worried it could be a “long time” before companies really start adding to their payrolls.
The results don't reflect well on the home states of these leaders, regardless of their politics.
The Bloomberg administration has accused Lehman of shortchanging the city of $627 million in corporate and other taxes, beginning in 1996. It is now trying to convince federal bankruptcy court in Manhattan that the city should jump closer to the front of Lehman’s long line of creditors.
Warren Buffett and his friend Bill Gates reportedly joined with David Rockefeller Sr. to invite a group of the world's richest people to gather in one room earlier this month. The agenda wasn't world domination. It was making philanthropy more effective. Among the other well-known, and very wealthy names, attending the meeting on May 5 in New York City: Michael Bloomberg, Peter Peterson, George Soros, Ted Turner, and Oprah Winfrey.
Lots to talk about given the Yankees offseason. Yankees president Randy Levine stopped by "Power Lunch" today.
Some Wall Street companies might not resume paying New York City taxes for "a number of years'' because they can offset future profits with the losses they are currently suffering, Mayor Michael Bloomberg said on Monday.
New York Mayor Michael Bloomberg has begun detailed polling and highly sophisticated voter analysis in all 50 U.S. states as he considers an independent bid for president, associates said Wednesday.