Crain's New York Business back issues from May 2002:
NY stem cell work replicates; Innovative research in hot field abounds; lacks concerted push.(Brief Article)
May 06, 2002; ... Five years ago, Dr. Neil Theise was working on constructing a three-dimensional image of the tiny bile ducts in the liver, which drain the fluid the body uses to digest fats. The liver pathologist was curious to see what the ducts looked like, since no one really knew. In the ...
Trimming fat in lean times.(Brief Article)
May 06, 2002; ... Good things can come from bad times. tax increases are not one of them. Not in New York, the most heavily taxed city in the nation, and especially not when the economy already is staggering. That was the point of my last column. Some readers responded that I didn't understand ...
Public gores Wall Street; Ratings of brokers, analysts plunge; planners, lawyers win more clients.(Brief Article)
May 06, 2002; ... Gary Schatsky is living proof of just how bad things have gotten for Wall Street. Despite the bear market in stocks in the last four months, the independent financial planner has signed on 20 new clients, many of whom were fleeing from the biggest brokerage houses in the land. ...
Fixation on fixed annuities brings benefits for banks; Income builds as consumers snap up low-risk products.(Brief Article)
May 06, 2002; ... Joseph Ficalora is pleased, but he also admits to being more than a bit surprised. In the past five months, fixed annuities, once laggards, have turned into top-selling products. So great is their momentum that the chief executive of New York Community Bank is planning to hire ...
Thompson loosens bonds rules ; Says loyalty to NY will be considered in picking bankers.(Brief Article)
May 06, 2002 ... City Comptroller William Thompson plans to loosen some of the restrictions imposed by his predecessor, Alan Hevesi, on bond refinancings, he told a Crain's breakfast forum last week. Unlike Mr. Hevesi, Mr. Thompson said, he will not oppose refinancings that lose money in some ...
AT DEADLINE.(Brief Article)
May 06, 2002 ... Andersen exits The exodus of senior partners and others from Arthur Andersen's New York area offices is under way. Margaret Smyth, head of Andersen's media and entertainment practice, will join Deloitte & Touche's technology, media and telecom practice. Jeff Black, who heads ...
The Weeks Ahead.(Brief Article)
May 06, 2002; ... This Week's Events MAY 7. Business Performance Advantage Inc. holds public speaking seminar. 8:30 AM to 10:00 AM, North Fork Bank, 120 W. 23rd St. Free. (212) 414-0220. MAY 7. National Association of Photoshop Professionals holds Adobe Photoshop Seminar Tour 3. 10:00 ...
Doctors demand relief from painful malpractice costs; Already-high premiums may soar in July.(Brief Article)
May 06, 2002; ... As a young medical intern, Dr. Robert Bonvino was inspired to go into obstetrics the moment he saw his first childbirth. Twenty years later, annual malpractice insurance premiums of $88,000 and shrinking managed care reimbursements have driven him out of the baby-delivery business. ...
Road drives B'way; Potential to tour makes or breaks shows.(Brief Article)
May 06, 2002; ... About two years ago, a group of 40 theater executives from around the country was invited to see a preview of Thoroughly Modern Millie at the La Jolla Playhouse in California. At that theater, the group's members-a casual club called the Independent Presenters Network-decided to ...
New York, New York.(Brief Article)
May 06, 2002; ... WRONG NUMBER The New York Post has been enjoying strong circulation gains in the past year, with the most recent Audit Bureau of Circulations report showing a 15.5% increase to 562,639 copies sold weekdays. However, some industry observers point out that the tabloid ...
Government Alert: Redistricting may hold up primary; Election board asks for delay; city eyes higher water prices during droughts.(Brief Article)
May 06, 2002 ... The city board of elections has approached legislative leaders about delaying the September primary because congressional and legislative redistricting has not yet been finalized. The board has suggested moving the primary from Sept. 10 to either Sept. 17 or Sept. 19 (Yom Kippur ...
Executive Moves.(Brief Article)
May 06, 2002; ... ACCOUNTING & CONSULTING J.H. Cohn: Alan B. Wolfson, 38, was promoted to partner in the New York office of the Roseland, N.J., firm. He was formerly an audit manager. Marks Paneth & Shron: Michael L. McNee, 44, rejoined as partner of the Manhattan and Woodbury, ...
AOL TW site's office parties; Developers woo corporate tenants for pricey digs; growth plans soup up eatery.(Brief Article)
May 06, 2002; ... After four years of intense press coverage, the main components of the AOL Time Warner Center project are familiar to everyone who keeps an eye on Manhattan real estate. In addition to the media giant's headquarters, the complex will house Jazz at Lincoln Center, a Mandarin ...
High-tech mecca empties as dot-com tenants leave; 500,000 square feet available in StarrettLehigh; long walk from the subway.(Brief Article)
May 06, 2002; ... It was the most sought-after office location in town, a place that could come into prominence only in a seriously overheated real estate market. With astute timing and more than $20 million in renovations, investor Mark Karasick and his partners turned the decrepit industrial ...
Stock Watch: Hearst-Argyle socked by ABC woes; Short sellers bet that the TV station owner is headed for hard times.(Brief Article)
May 06, 2002; ... Who wants to watch people becoming millionaires? Many fewer viewers than there used to be, and that's a big problem for Hearst-Argyle Television Inc., the largest independent owner of ABC affiliates. The Manhattan-based company has suffered from the falling ratings of Who Wants ...
New Executive: Back on tenacious defense; Former U.S. attorney changes sides; now leads Debevoise & Plimpton litigation.(Brief Article)
May 06, 2002; ... For almost nine years, Mary Jo White was the U.S. attorney for the Southern District of New York, prosecuting everyone from Wall Street criminals to Mafia bosses. Now, she'll use her vast insights into the legal system to get large corporate clients off the hook. As the new head ...
Airwaves rebound; TV and radio stations see first gains in months; many raise rates, some wonder if recovery will last.(Brief Article)
May 06, 2002; ... In one of the most hopeful signs for the New York economy in months, local television and radio stations say they are seeing a sharp increase in demand for advertising time. Data compiled by accounting firm Miller Kaplan Arase & Co. show that ad revenues for radio stations ...
Venture cash plunges in NY; Area gets only 6% of investments.(Brief Article)
May 06, 2002; ... Venture capital investing in New York area companies took a nosedive in the first quarter, as investors' hopes for a quicker economic recovery in the tech sector were dashed. New York area companies received only $413 million in private equity last quarter, or 45% less than the ...
Seeking small biz stars; Crain's award nominations.(Brief Article)
May 06, 2002 ... Crain's is seeking nominations for its seventh annual Small Business Awards. The six winners will have distinguished themselves not only by demonstrating growth in their business but also by improving the quality of life of their fellow New Yorkers. To be eligible, firms must be ...
The Best Of Bob Lape.(Brief Article)
May 06, 2002 ... Thomas Henkelmann (4) Homestead Inn, 420 Field Point Road, Greenwich, Conn. (203) 869-7500. Chef Henkelmann and his wife, Theresa, burnish the signature restaurant of their posh urban inn to top-drawer status. It boasts superb contemporary French cuisine, 475 wines, and all the ...
Anything but a defeat.(Brief Article)
May 06, 2002; ... Arguably our greatest newspaper (seven pulitzers this year), the Times is meticulous about running corrections and clarifications. One is now due Bill Barber and the U.S. Marine Corps. Col. Barber died at home the other day at 82 in Irvine, Calif. He'd been a Marine since 1940, ...
Small Business: Casting director reels in film jobs with indie spirit; Adrienne Stern takes a personal role.(Brief Article)
May 06, 2002; ... When film producers call Adrienne Stern Casting in search of talent, they get an experience that's unusual in the industry-they get Ms. Stern herself. ``With Adrienne, you know everything is being handled personally,'' says Jeff Mazzola, a Chelsea-based independent producer of ...
East Sider schooled in fish; Avra Estiatorio offers fresh seafood by the pound; fill up before dessert.(Brief Article)
May 06, 2002; ... Zorba would don his sunday suit to visit pretty Avra, the roomiest of the point-and-cook Greek seafood extravaganzas inspired by the success of Estiatorio Milos. He would have company. Many suits are in evidence at the richly atmospheric restaurant with seating for 260 patrons indoors and ...
Displaced firms unload excess space; Pressure on rents growing as big discounts abound; subtenants scarce.(Brief Article)
May 06, 2002; ... An estimated 4 million square feet of sublets is coming onto an already saturated market-further lowering depressed rates-from businesses displaced by the attack on the World Trade Center. The Bank of New York is leading the way. It is trying to find takers for nearly 1 million ...
Corrections.(Brief Article)
May 06, 2002 ... John Mack, chief executive of Credit Suisse First Boston and former president of Morgan Stanley, was born in Mooresville, N.C. Jeffrey Sine was the global co-head of media and ...
Spitzer to discuss Wall St. probe.(Brief Article)
May 06, 2002 ... Attorney General Eliot Spitzer will discuss his aggressive efforts to force major changes on Wall Street at the next Crain's New York Business breakfast forum on Thursday, May 16. The forum begins with a networking breakfast at 8 a.m. The program starts at 8:30 a.m at the ...
A spend-now, crisis-later budget.(New York State budget)(Brief Article)(Statistical Data Included)
May 06, 2002 ... The troika crafting a budget in albany don't want to be very specific about the deal they've reached. That's because the actions agreed to by the three-Gov. George Pataki, Senate leader Joe Bruno and Assembly Speaker Sheldon Silver-are so lacking in principle that the plan is to pass the ...
New Executive: Steps to better foothold; Kenneth Cole president takes on marketing and retail duties.(Brief Article)
May 13, 2002; ... When Paul Blum attended the Lincoln Farm summer camp as a child, he never thought about how it might one day help his career. Many years later, however, Mr. Blum found himself at a hotel in Florence, Italy, bonding with a young shoe designer named Kenneth Cole. As it turned out, ...
New York, New York.(Brief Article)
May 13, 2002; ... Fox ADDING NEWSHOUNDS Fox 5 is moving ahead with its plans for 5 p.m. and 6 p.m. newscasts, though the start date-originally rumored to be June-is now set for mid-July, insiders say. The station expects to make a formal announcement about its new programming after an ...
Condo developer feeds on Gramercy Tavern property; Boston firm backs purchase; undaunted by zoning quirks.(Brief Article)
May 13, 2002; ... A big investor is partnering with a Manhattan entrepreneur to buy the home of Danny Meyer's famed Gramercy Tavern and build loft condos above it. AEW Capital Management and developer Kenneth Horn are paying $11 million for 42 E. 20th St., the manufacturing building housing the ...
Bank crimes vault; Robberies soar 65% as part of broad surge, including ATM and check fraud.(Brief Article)
May 13, 2002; ... Bank crime is on the rise, and bankers are worried. Last year, bank robberies in the New York metropolitan area soared by 65% to 223-according to the Federal Bureau of Investigation-the highest figure since 1997. Even worse, the heists, such as last week's midday robbery of a ...
McCall-Cuomo face-off imperils smaller parties; Working Families, Liberal parties could lose their line, clout.
May 13, 2002; ... The bitter Democratic battle for governor between H. Carl McCall and Andrew Cuomo has put the fates of two of the state's more prominent minor parties at risk. The Liberal Party and the Working Families Party, both of which usually back Democrats, face the dilemma of making a ...
NY arts mount a comeback; Survey shows attendance rising, finances improving; worries remain.(Brief Article)
May 13, 2002; ... Roughly eight months after the Sept. 11 terrorist attack, New York's cultural industry is bouncing back. Some 53% of the city's arts groups expect at least moderate improvement in attendance and earned income during the first six months of the year, while 19% expect levels to ...
NYC clearing calendar for Sept. 11 week; Major trade shows, meetings shifted; commerce will give way to memorials.
May 13, 2002; ... Four months before the anniversary of the worst tragedy in New York history, it's already clear that business as usual will grind to a halt during the week of Sept. 11. Everything from major trade shows to individual product launches are being rescheduled, and many businesses ...
Telling Tales.(Brief Article)
May 13, 2002; ... Phactory extends its product line Imagine staring out the window on the subway and suddenly seeing an animated movie playing on the wall of the tunnel. Only it's not a movie, it's an advertisement: the digital handiwork of Manhattan entrepreneurs Damijan Saccio and Scott ...
MAKING OUT; Having missed out on much of the boom, New York's small manufacturers now find themselves better geared for the lean times.
May 13, 2002; ... A slow economy. a flat stock market. accounting scandals. Terrorism and war. It adds up to a great business environment for Tempest Architectural Products, a Bronx-based manufacturer of high-quality replacement windows used largely in renovations of residential buildings or ...
Seeking eye for a broader canvas; El Museo del Barrio director must expand space, recognition; new look at J. Crew.(Brief Article)
May 13, 2002; ... El museo del barrio plans to search North and South America for a director who will lead the small Latin American and Caribbean art and cultural museum into its biggest expansion since it opened 30 years ago. The museum's highly regarded director, Susana Torruella Leval, is ...
Wall St. not recovery route.(Brief Article)
May 13, 2002; ... Most businesspeople i meet these days are pretty depressed about the state of the New York economy. Should they be? Yes and no. The good news is that things will soon get better. New York has hit bottom and there shouldn't be any more significant job losses. The bad news is that ...
Heavy hitters for literacy.(Literacy Partners)(Brief Article)
May 13, 2002; ... If you do business in new york, you know the demands on your time and your money on behalf of various worthy causes. As Liz Smith said last Monday at Lincoln Center, where she chaired a black-tie literacy event, ``So many charities, so little money.'' And ``so few evenings,'' ...
Is city too late for biotech?(Brief Article)
May 13, 2002 ... The news that swiss company novartis is moving its worldwide research headquarters to Cambridge, Mass., ought to serve as a wake-up call for all those who believe biotech offers a great opportunity for New York. The time has long passed for generalized statements that New York ought to ...
Free trials of health fax.(Crain's Health Pulse)(Brief Article)
May 13, 2002 ... Crain's New York Business offers free two-week trial subscriptions to its daily Crain's Health Pulse fax. The Pulse fax covers the business of health care, supplying information on mergers and affiliations, contracts, executive appointments, regulatory actions and legislative ...
Breaking news on Web.(Brief Article)
May 13, 2002 ... There's only one source of breaking business news in New York City: Visit crainsny.com every day to find out what's happening in a broad range of industries, from real estate to entertainment to biotech. Our free e-mail news alerts are an easy way to keep up with the news. To ...
Plant developers, green groups plan power plays on siting rules; But expiring law likely to be renewed as is.(power plants; environmental groups)(Brief Article)
May 13, 2002; ... Power plant developers and environmentalists are battling in Albany to change the law regulating the construction of plants, which is set to expire at the end of the year. Power producers are pushing to speed up the approval process. They have proposed legislation that would ...
Hanson climbs dining ladder ; SoHo triplex Fiamma earns triple stars; simplicity rules modern Italian menu.(Steve Hanson)(Brief Article)
May 13, 2002; ... If steve hanson builds it, they will come. The invigorating, inevitable innovator is going up the ranks in Fiamma (Italian for ``flame''), a bright new hospitality flare in SoHo. The man who said he never aspired to more than two stars for his first eight restaurants, then set his cap for ...
Government Alert: McCall sharpens to puncture Cuomo; Marshalling forces for state convention embarrassment; lobbyist makes shift.(H. Carl McCall, Andrew Cuomo)(Brief Article)
May 13, 2002 ... Insiders say h. carl mccall's gubernatorial campaign plans to throw all of its resources into the state convention May 22-23 to gain momentum in the Democratic primary contest. Mr. McCall is expected to easily win the party's designation, though insiders say rival Andrew Cuomo ...
The Weeks Ahead.
May 13, 2002; ... This Week's Events MAY 14. Manhattan Networking Group holds meeting on business networking made easy. 6:00 PM to 8:00 PM, Houlihan's, 380 Lexington Ave., lower level. Fee: $10. (212) 683-3446. MAY 14. CBS and the National Business & Disability Council hold seminar on ...
AT DEADLINE.(Brief Article)
May 13, 2002 ... Helping hand for small firms Empire State Development Corp. is seeking firms to help small businesses in lower Manhattan apply for the various disaster relief and financial assistance plans created after the Sept. 11 terrorist attack. The help, which could be available next ...
Crain's Small Business Awards; Deadline for nominations May 20.(Brief Article)
May 13, 2002 ... Crain's New York Business is seeking nominations for its seventh annual Small Business Awards. The six winners will be recognized for their entrepreneurial excellence. The winners will have distinguished themselves not only by demonstrating a pattern of growth in their business ...
Spitzer on Street probe; May 16 breakfast forum.(Brief Article)
May 13, 2002 ... Attorney General Eliot Spitzer will discuss his aggressive efforts to force major changes on Wall Street at the next Crain's New York Business breakfast forum on Thursday, May 16. The forum will begin with a networking breakfast at 8 a.m. The program will start at 8:30 a.m. ...
Substance abuse worsens in city; Already-taxed clinics face intense demand for treatment.(Brief Article)
May 13, 2002; ... Ron Williams runs a crisis center at the Bowery Residents' Committee, a community services organization and substance-abuse clinic on the Lower East Side. Clients show up at Mr. Williams's 24-bed detox unit when they want to get sober. Getting clean is a struggle at any time for these men ...
Restaurateur uses his noodle for fast food; May starts pasta chain, rebuilds post 9/11.(Brief Article)
May 13, 2002; ... For the past 15 years, San Domenico owner Tony May has built his reputation by catering to New York's elite with dishes such as raviolini filled with sea urchin and pork filet in prune sauce. While shaving white truffles onto homemade linguine, this elegant Italian emigre and ...
Ball-toy team expands sphere ; Museum project sparks business; line extensions add to revenues.(Brief Article)
May 13, 2002; ... At the Liberty Science Center in Jersey City, a small metal sphere that expands to a vast latticework ball dominates the atrium in a display that frequently gets children screaming with amazement. Carolyn Hoberman, wife and business partner of Chuck Hoberman, the sphere's ...
Hypnotist's spellbinding success; Dynamic Changes owes growth to meticulous research.(Brief Article)
May 13, 2002; ... When Rich Schefren was starting out in the hypnosis business three years ago, job candidates sometimes asked him if they could see his business plan. Sure, there was a steady stream of clients flowing into the East 36th Street office of his company, Dynamic Changes Hypnosis, ...
New Executive: Switching media channels; Mediaedge:cia president will use TV savvy to build smaller company.(Rino Scanzoni)(Brief Article)
May 20, 2002; ... In the early part of his career, Rino Scanzoni was dubbed one of the ``bat boys,'' but not because he scampered after baseball bats and balls as a youth. Mr. Scanzoni, 49, the new president of the broadcast division of Mediaedge:cia, was an up-and-coming executive in the media ...
Spirited liquor promotions on tap for the summer; Marketers flooding city with messages.(Smirnoff Ice)(Brief Article)
May 20, 2002; ... Summer may almost be here, but a chill is about to descend on Times Square. On June 1, Smirnoff Ice will unveil a three-sided, one-story-tall billboard just below those of Coca-Cola and Cadillac at the north end of Times Square. That will be followed in the next three months by ...
Abandoned in NY; The dearth of venture capital and waning government support has left tech companies high and dry. Will anyone throw them a lifeline?(Brief Article)
May 20, 2002; ... Michael Pinto would give anything to be able to hire a full-time sales associate for his Web development company, Vanguard Media. He's losing out on $500,000 in potential revenues, he estimates. That money would allow him to hire four more programmers, increasing his staff to ...
Hamptons before the horde.(Brief Article)
May 20, 2002; ... Memorial day 2002. they used to call it decoration Day, and people put flowers on the graves of the old soldiers. Now it's the start of the Hamptons' ``season.'' Which is OK, too. There's about to be a ballyhooed two-hour documentary on television about the Hamptons that we're ...
Flashy 'Graduate' earns honors at box office; Nude Turner draws audiences even as Tonys turn blind eye.(Brief Article)(Column)
May 20, 2002; ... First, the Broadway rendition of the 1967 hit movie The Graduate was called ``blatantly exploitative,'' ``pointless'' and ``full of dead air.'' Those comments came from the kinder critics. Then, the Tony nominations were announced. The Graduate failed to snag even one. ...
3 ways to stop city money drain.(Brief Article)
May 20, 2002 ... While debate rages in albany over efforts to restore fairness to the state's liability laws, three very limited measures proposed by the Bloomberg administration could save the hard-pressed city hundreds of millions of dollars. Two require action by the City Council, and one by the ...
Small Business: Bosses batten down, throw perks overboard to survive; Bonuses, pay suffer; bye-bye, billiards.(Brief Article)
May 20, 2002; ... In january 2001, transbeam Inc. hit bottom. That was the month the Manhattan Internet service provider reported annual revenues of $2 million, $18 million short of its earlier projections for the year. By the following April, Transbeam had let 14 employees go. Then came the ...
Cinnabar's menu range mercurial to the palate; American-Chinese fare from dumplings to cotton candy; bar outperforms kitchen.
May 20, 2002; ... Cinnabar is billed as an American-Chinese restaurant, and lives up to it right down to hot fudge sundaes and cotton candy. Regrettably, mercurial ups and downs also characterize the striking newcomer in the former home of Tapika. It is the best-looking occupant yet of the deep ...
Furnishings stores bloom this season; Three retailers sprouting new branches as more New Yorkers feather their nests.(Brief Article)
May 20, 2002; ... The nesting impulse overtaking harried New Yorkers is prompting expansion for a trio of home furnishings stores. New Yorkers, particularly aging baby boomers, have been turning their apartments into sanctuaries with luxurious blankets, board games for family time and cookware ...
Software developer addresses e-mail security issue; Startup Umbanet has the goods, but lacks the funding.(Brief Article)
May 20, 2002; ... Michelle Baker was faced with an unexpected reality while giving a talk on e-mail security recently at a software conference in New York. Despite the security frenzy triggered by the Sept. 11 terrorist attack, few companies are aware of the security risks they face using ...
New York, New York.(The Crucible ending its engagement)(Brief Article)
May 20, 2002 ... CRITICS, tony can't SAVE LIAM'S PLAY In a typical year, the shows that don't get any Tony nominations are the ones that close. Not so for The Crucible. The critically acclaimed production received six nominations, including best play revival, actor and director. Even ...
Executive Moves.(personnel changes in New York Business)(Brief Article)
May 20, 2002; ... ACCOUNTING & CONSULTING Berdon: Sally L. Hoffman, 59, joined as partner in the litigation and business valuation group. She was formerly partner-in-charge of litigation services and technical standards for Perelson Weiner. Friedman Alpren & Green: Richard G. Hoffman, ...