The Federal Reserve Bank of New York gave up much of its power in high-pressure negotiations with the American International Group’s trading partners last year, according to a government report made public on Monday.

Some New Yorkers are angry that accused plotters of the Sept. 11, 2001 attacks will be tried in a court near where the World Trade Center once stood, while others are relieved that justice may soon be served.

Investigators  conduct stings at gun shows in states that have not closed the "gun show loophole" and find some vendors  selling weapons to buyers who admit they couldn't pass background checks.

London and New York still hold the top spots as the world’s most competitive financial centers, but the economic crisis has seen Asian cities such as Hong Kong and Singapore surge up the rankings, according to the Global Financial Centres Index.

Touting resilience in hurting upstate New York, President Barack Obama said Monday that better economic days are coming thanks to innovation and some help from the government.

A Colorado man who's the target of a terrorism probe that led to several police raids in New York City denies he did anything wrong.

New York City beat London by a whisker to become the best city in the world according to a panel of Time Out judges, who voted on the cities considering criteria such as architecture, arts, food and drink, the city's buzz and quality of life.

Three years ago, the sale of the 110  apartment buildings at Stuyvesant Town and Peter Cooper Village in Manhattan represented the most expensive  real estate deal inU.S. history.  Now the buyers are running out of time and money.Now the buyers are running out of time and money.

Some guests at a New York City hotel near an elevated park have been offering unobstructed views of themselves. Guests at the Standard Hotel in Manhattan keep failing to close the curtains as they frolic naked in front of their rooms' floor-to-ceiling windows.

Alonzo Heyward carried a rifle around his low-rent Chattanooga, Tenn., neighborhood one day last month, ranting about suicide and ignoring the pleas of friends for hours before six city police officers surrounded him on his front porch and decided it had to end.

The Waterfront Commission of New York Harbor, created in the 1950s to break the mob’s grip on the docks, became its own bastion of lawlessness, employing some of the same corrupt, self-serving methods as the gangsters it was supposed to pursue, investigators said Tuesday in a scathing report.

The collision of a sightseeing helicopter and a small plane over New York's Hudson River has intensified pressure to tighten the rules governing one of the world's most crowded air corridors.

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.

After a century in the business, JC Penney finally made its move to Manhattan with the grand opening of a three story store in Herald Square today. While other big retailers like Macy's and Bloomingdales have been hit by the recession, Penney is relying on the struggling economy to generate its success.

Among the marks of Manhattan’s prosperity in recent years were the thousands of restaurants and shops that opened to meet an ever-growing demand. But as New Yorkers have drastically cut back, the shops that line the streets, from chain outlets to family-run shops, have started to disappear.