Top News & Analysis New York City


  • New Yorkonomics: Education 101 Tuesday, 5 Oct 2010 | 11:55 AM ET

    Why do NYC test scores get worse as the kids get older?"

  • Sale Lends Hope to Manhattan Tenants in Limbo Monday, 4 Oct 2010 | 8:14 AM ET

    Tenants of Stuyvesant Town and Peter Cooper Village will gather for a foreclosure auction on Monday in the hope of ending months of uncertainty about the fate of their sprawling Manhattan complex. The FT reports.

  • How Green Companies Navigate Complex Trash Laws Thursday, 23 Sep 2010 | 9:50 AM ET

    Recycling is now possible across much of the country, but a complex web of rules—along with corporate and local government desires to be seen being as “green” as possible—can make it hard to figure out what’s really happening to all that rescued waste.  Some companies, like Starbucks, are working to navigate those rules.

  • Forget Finance, New York is Trash Capital of the World Wednesday, 22 Sep 2010 | 3:49 PM ET
    City of New York Department of Sanitation

    New York City’s quasi-military $1.2 billion Department of Sanitation is the largest such municipal operation in the world.

  • Ackman Could Lose New York Real Estate Bet Friday, 17 Sep 2010 | 3:07 PM ET
    The Stuyvesant Town and Peter Cooper Village apartment complexes in New York, NY.

    Billionaire hedge fund manager Bill Ackman may find himself on the losing side of a multimillion dollar bet on a big and storied piece of New York City real estate.

  • Bank Sector Job Losses Weigh on NY Employment Thursday, 16 Sep 2010 | 3:42 PM ET

    New York's financial services sector shed 4,400 year-over-year in August, weighing on the state's unemployment rate, according to the New York Department of Labor's August report released Thursday.

  • The developer of an Islamic community center near the former site of the World Trade Center is a "low-level" real estate investor more interested in money than a mosque, real estate magnate Donald Trump told CNBC.

  • NYC Mosque Investor Rejects Trump's Buyout Offer Thursday, 9 Sep 2010 | 6:20 PM ET
    Pedestrians walk by 45 Park Place in Manhattan, the proposed site for an Islamic center and mosque in New York City. Jewish community leaders, rabbis and others gathered in front of the building where the Cordoba Initiative Mosque and Cultural Center would be housed to support the plan.

    Donald Trump's offer to buy an investor's stake where a mosque is planned near ground zero is falling flat.

  • Why London Outsings New York in Concerts Friday, 20 Aug 2010 | 11:15 AM ET
    Madonna performs onstage during the opening night of her 'Sticky and Sweet' tour at the O2 Arena on in London, England.

    At the turn of the century, London's Millennium Dome was dismissed by many as a failure and a waste of money after it did not attract the huge numbers of visitors that the government had hoped.

  • New York Hiring Hits Five-Year High Friday, 20 Aug 2010 | 10:00 AM ET

    The weather was red hot in New York in July, and so was the private sector jobs picture.

  • Obama Strongly Backs Islam Center Near 9/11 Site Saturday, 14 Aug 2010 | 8:44 AM ET
    President Barack Obama

    President Obama delivered a strong defense on Friday night of a proposed Muslim community center and mosque near ground zero in Manhattan. The NY T reports.

  • Are Municipal Bonds a Smart Choice for Investors? Monday, 9 Aug 2010 | 2:01 PM ET

    "With municipal bonds you have to take your tax rate into consideration, the lower your tax rate the less attractive muni's are," Ben Thompson,  founding principal of Samson Capital Advisors told CNBC.

  • Victoria's Secret Store in NYC Hit by Bedbugs Friday, 16 Jul 2010 | 5:07 PM ET
    Victoria Secret

    Victoria's Secret shut down one of its Manhattan stores after discovering bedbugs inside, making the lingerie and women's apparel retailer the latest merchant in New York City to have problems with the parasites

  • Mob Money: Organized Crime Still Big Business Tuesday, 22 Jun 2010 | 1:55 PM ET
    John Gotti

    While the days of the flamboyant “Dapper Don” are over, New York's  five major crime families—Bonanno, Colombo, Gambino, Genovese and Lucchese—are still functioning. And more importantly, they’re still making money.

  • Luring LeBron: NYC Beckons; Cleveland Begs Saturday, 5 Jun 2010 | 9:43 AM ET
    LeBron James during Game 6 of the Cleveland Cavaliers v Boston Celtics playoff game.

    Cleveland, a city that has lost its share of celebrities to New York — John D. Rockefeller and George M. Steinbrenner come to mind — is desperate to keep LeBron James, the N.B.A. All-Star who is up for free agency next month.  But New York City, the capital of advertising, is fighting hard to lure him-and his economic impact- to one of its teams.

  • Food Entrepreneurs Taking It To The Streets Friday, 28 May 2010 | 9:53 AM ET

    A new generation of well-educated, tech-savvy owners are launching gourmet street food trucks around the country.

  • More Cities on Brink of Bankruptcy Wednesday, 26 May 2010 | 11:01 AM ET
    Harrisburg, PA

    The chance of a bankruptcy filing by the Pennsylvania capital of Harrisburg looms large these days—and it could be just the tip of the iceberg. Some on Wall Street expect more to come this year—as many at 10 municipal bankruptcies.

  • Small Businesses Still Worried About Reform Bill Saturday, 22 May 2010 | 11:44 AM ET

    The potential impact of financial reform on banks is obvious but many small businesses are worried about how it will affect them and their ability to extend credit to customers—or hedge against potential losses.

  • Padded Pensions Add to New York Fiscal Woes Friday, 21 May 2010 | 10:48 AM ET

    Public pension costs are ballooning everywhere, throwing budgets out of whack and raising the question of whether venerable state pension systems are viable. The New York Times reports.

  • A $12 Cup of Coffee—the Latest Sign of Recovery? Thursday, 6 May 2010 | 1:20 PM ET

    If you thought $4 coffee was expensive, get a load of this — one NYC chain is offering a $12 cup of coffee! So, does that mean the recession is officially over?!