News from New York Business

‘Getting Worse, Not Better’: Illegal Pot Market Bo...

Posted On: 2019-04-27 16:30:52

California has a massive oversupply of illicit marijuana. It’s undermining licensed shops and threatening the state’s giant legalization experiment.

How China’s ‘Unicorns’ Shook a Bicycle Town

Posted On: 2019-04-27 14:30:47

Bike-sharing start-ups brought prosperity to Wangqingtuo. Now residents are dealing with the mess they left behind.

Ira Neimark, Bergdorf Executive Who Put Fashion Fi...

Posted On: 2019-04-27 06:30:57

As president, Mr. Neimark helped transform what had been seen as a safe, dull and expensive store into an avatar of luxurious shopping.

In N.R.A. Power Struggle, Insurgents Seek to Oust...

Posted On: 2019-04-27 06:30:57

A rift between Mr. LaPierre, the chief executive, and Oliver North, the president, threatened to turn the N.R.A.’s annual convention into outright civil war.

U.S. and Japan Push for a Trade Deal Following Fai...

Posted On: 2019-04-27 04:30:56

The United States and Japan could be headed toward a more limited deal that would help American farmers. The question is what Japan will demand in return.

Elon Musk reaches deal with SEC over Twitter use

Posted On: 2019-04-27 04:30:56

Tesla Inc Chief Executive Elon Musk has reached a deal with the U.S. Securities and Exchange Commission to settle a dispute over Musk’s use of Twitter, according to a court filing on Friday. Musk has agreed to submit public statements about the compa...

Walgreens Is Latest to Raise Vaping (and Smoking)...

Posted On: 2019-04-27 03:30:48

In raising the age to purchase tobacco, the chain joined a trend. Rite-Aid has stopped selling e-cigarettes, and CVS ended all tobacco sales in 2014.

Wealth Matters: Notre-Dame Donation Backlash Raise...

Posted On: 2019-04-27 03:30:48

Philanthropic experts said they were not shocked by what seemed like an ungrateful response to the money raised to restore the cathedral, but few agreed on a solution.

Overcoming Doubts, U.S. Economy Finds a Way Forwar...

Posted On: 2019-04-27 03:30:48

A 3.2% growth rate in the first quarter beats the forecasts and offers Trump a political lift.

Lawmakers to visit stalled New Jersey-New York Gat...

Posted On: 2019-04-27 03:30:47

House lawmakers next week will visit the New York-New Jersey area to learn about the rail tunnel project known as Gateway that’s been mired in a funding conflict with the Trump administration. House... To view the full story, click the title link....

Ford Says Justice Dept. Has Opened Criminal Inquir...

Posted On: 2019-04-27 01:30:50

The carmaker said it had notified other state and federal agencies about “issues relating to road load estimations” and that it was cooperating with all government inquiries.

New brand of infant rockers recalled due to deaths

Posted On: 2019-04-27 01:30:49

Another brand of sleeping rockers is being recalled, after five infants died in them over the past seven years. Kids II said Friday that it is recalling nearly 700,000 rocking sleepers that were sold since 2012 at Walmart, Target and Toys R Us. It co...

MoviePass competitor Sinemia shutters on eve of ‘A...

Posted On: 2019-04-27 01:30:49

See ya, Sinemia! The troubled MoviePass competitor — which billed itself as a sustainable cinema subscription service — abruptly shuttered its US operations Thursday night, citing “unexpected legal proceedings” and a lack of “funds required to contin...

Despite L-pocalypse aversion, rents still declinin...

Posted On: 2019-04-27 01:30:49

Three months after Gov. Andrew Cuomo announced L train service between Brooklyn and Manhattan would not shut down for 19 months as planned, North Brooklyn rental prices have yet to bounce back.Among... To view the full story, click the title link....

Lawsuit tries to block construction of Extell's Up...

Posted On: 2019-04-27 01:30:49

"There is no mechanical equipment yet imagined by humans" that could fill the mechanical space in an Upper West Side apartment tower Extell started construction on this month.That's part of the... To view the full story, click the title link.

De Blasio insists his ban on glass-and-steel build...

Posted On: 2019-04-27 01:30:49

Mayor Bill de Blasio won't crack on his claims that he will bar future glass-clad buildings, despite clear evidence his administration intends nothing of the sort.De Blasio first announced on Earth... To view the full story, click the title link....

Report of LIRR $224.6M in overtime spending prompt...

Posted On: 2019-04-26 23:30:48

The Metropolitan Transportation Authority is planning to crack down on overtime abuse at the Long Island Rail Road after new data showed employees raked in hundreds of thousands of dollars in OT pay... To view the full story, click the title link....

Goldman-backed firm may be first Russian IPO in U....

Posted On: 2019-04-26 23:30:48

HeadHunter Group PLC plans to raise as much as $253 million in what would be the first of a Russian company in the U.S. since Washington began imposing sanctions in 2014 to punish the Kremlin for... To view the full story, click the title link....

Developer in Gowanus makes city a Midtown-style of...

Posted On: 2019-04-26 23:30:48

The Gowanus and Midtown East rezonings appear entirely different, but the developer of a project in the gritty Brooklyn Avery Hall Investments is proposing public-transit improvements in exchange... To view the full story, click the title link....

Bed Bath & Beyond should oust CEO and sell ass...

Posted On: 2019-04-26 23:30:48

The in Inc. say the retailer could unlock about $1.9 billion of value if it were to hire a new chief executive officer, improve inventory and explore selling non-core assets. Legion Partners Asset... To view the full story, click the title link....

De Blasio needs rehab for his spending addiction

Posted On: 2019-04-26 23:30:48

An addiction is a terrible problem, and when it comes to penchant for The executive budget he released Thursday seized on every scrap of good news to increase city spending by $300 million more... To view the full story, click the title link....

Ford Says Justice Department Has Opened Criminal I...

Posted On: 2019-04-26 21:30:56

In a regulatory filing, the carmaker said it had notified other state and federal agencies about “issues relating to road load estimations” and that it was cooperating with all government inquiries.

in her words: Why Music Festivals Need More Beyonc...

Posted On: 2019-04-26 21:30:56

These events are still male-dominated, even though women are dominating music.

Your Money Adviser: As College Debt Rises, So Does...

Posted On: 2019-04-26 21:30:56

Just 17 states require high school students to complete a personal finance course. But more states may soon join them.

Strategies: Splat! Bam! It’s the Federal Reserve t...

Posted On: 2019-04-26 21:30:56

There’s no sex and little violence in the Fed’s new comic book, but there is plenty of money — and it’s causing problems on extraterrestrial worlds.

Hedge funds accuse Bed Bath & Beyond of rampan...

Posted On: 2019-04-26 21:30:55

The board and top brass are in bed together at Bed Bath & Beyond — and they’ve left shareholders out in the cold. That’s according to a trio of activist hedge funds that’s angling to revamp Bed Bath & Beyond’s board and oust its chief executi...

Uber slashes IPO price range

Posted On: 2019-04-26 21:30:55

Uber is planning to sell 180 million shares for between $44 and $50 each, valuing the ride-hailing giant lower than previous estimates in a sign that some of the excitement around ride-hailing has cooled. That would raise up to $9 billion for the San...

Runaway MTA overtime spending prompts potential pr...

Posted On: 2019-04-26 21:30:54

The Metropolitan Transportation Authority is planning to crack down on possible overtime abuse at the Long Island Rail Road after new data showed employees raked in hundreds of thousands of dollars... To view the full story, click the title link....

State to invest $280M in energy storage projects

Posted On: 2019-04-26 21:30:54

New York state is making a big investment in storage. The state's Energy Research and Development Authority announced the funding on Thursday. Developers of large-scale projects can apply for a... To view the full story, click the title link....

Phone Companies Are Testing Tech to Catch Spam Cal...

Posted On: 2019-04-26 19:30:51

A new standard, called Stir/Shaken, could come to your mobile provider by the end of the year. But there are already ways around it.