Crain's New York Business back issues from January 2007:
A snapshot: key city stats.(Report: Economic Outlook)(Brief article)
Jan 01, 2007 ... Data on unemployment and jobs, real estate construction and sales, taxes, city spending and inflation show the health of the overall economy. Charts: Unemployment hits a low: Average annual unemployment rate in New York City Jobs rebound: Annual averages ...
At Deadline.
Jan 01, 2007 ... Broadway is expected to report record-breaking grosses--even surpassing 2005's $825 million--when it releases its year-end numbers this week. From the beginning of the theater season in June through Dec. 24, grosses jumped nearly 10%, to $520.6 million. The box-office bonanza is the result ...
Targets dig in; Hospitals ordered to close turn to courts.(News)(Brief article)
Jan 01, 2007; ... Byline: Gale Scott legal challenges are mounting to the Berger commission's recommendations on hospital closings, which becomes law today. The panel called for the closing of nine facilities, including Parkway Hospital in Forest Hills, Queens, and Cabrini Medical ...
NYC sidestepping U.S. housing downturn; Lack of speculation, many buyers limit price declines; oversupply worries.(Report: Economic Outlook)
Jan 01, 2007; ... Byline: Judith Messina stephanie block has been looking to buy a two-bedroom condo in Manhattan since last year, when new owners decided to turn the building she has lived in for 28 years into a luxury rental. The search has been disheartening for Ms. Block. ...
Fields of Dreams.(planning a basketball arena)(Brief article)
Jan 01, 2007 ... Tthe planned 18,000-seat basketball arena for the Nets has garnered front-page headlines because it is part of a controversial multi-use development in Brooklyn. But in fact the metro area is experiencing a boom in ...
The Weeks Ahead.
Jan 01, 2007; ... Byline: adrianne pasquarelli this week's events january 2 South Bronx Overall Economic Development Corp. holds business seminar. 6:00 p.m. to 9:00 p.m., 555 Bergen Ave., third floor, Bronx. Free. (718) 293-7780 or mmoreno@sobro.org. january 3 ...
Titan of transit ads; Outdoor veteran takes contract from CBS; nationwide growth strategy.(News)
Jan 01, 2007 ... Byline: Amanda Fung last month, challenger Titan Worldwide beat incumbent CBS Outdoor for the lucrative 10-year, $823 million contract to sell advertising space throughout the city's bus and commuter train systems. But the force behind the winning bid was the very man ...
Diversified Wall St. firms double profits from 2002; Goldman posts its best year ever; some worry about debt instruments.(The Goldman Sachs Group Inc.)
Jan 01, 2007; ... Byline: Aaron Elstein goldman sachs Chief Executive Lloyd Blankfein summed up Wall Street's euphoric mood nicely at a recent conference. "Gee, I feel terrific,'' Mr. Blankfein said. "I feel really good. In fact, I haven't felt this good since August of '98.'' ...
Stock market rally lifts NY companies; Local index up 24% as interest rates level off; some losers.(News)
Jan 01, 2007; ... Byline: Aaron Elstein The stock market turned in a memorable year in 2006, helping make the experience of reviewing a 401(k) account the most pleasant in memory. New York companies led the parade. The Bloomberg/Crain's New York index of area stocks rose 24%, handily beating the ...
New York, New York.(Zen palate's planning for expansion)(forecasting growth for restaurant industry)
Jan 01, 2007; ... Byline: edited by Valerie Block Moments of Zen multiplying in the city Zen palate, New York's pioneering vegetarian temple, is cooking up major expansion plans, with two new restaurant concepts set to debut here and in Los Angeles this year. Two months ...
Independent workers come of age; Freelancers fulfill a role that's vital to many sectors, but full of risks.(Report: Economic Outlook)
Jan 01, 2007; ... Byline: Judith Messina glenn daily was beginning to feel that he'd had enough of working at big companies, including a four-year stint at General Electric. So in 1990, when the outfit he was working for merged with an accounting firm and eliminated his job, Mr. Daily decided to ...
For charities, the Street is paved with gold.(Report: Economic Outlook)
Jan 01, 2007; ... Byline: Alair Townsend Etiquette news flash: If your blue-chip charity's gala has raised less than $1 million, don't announce it at the dinner. The honoree might be embarrassed. It's astonishing. The event business is going gangbusters, bigger and bolder than ever ....
COFFEE BATTLE BREWS IN CITY; Dunkin' Donuts aims to tap Starbucks' upscale customers by opening shops near offices.(News)
Jan 01, 2007; ... Byline: ELISABETH BUTLER dunkin' donuts, a fast-food chain that has long appealed to construction workers and taxi drivers, is trying to put more of its signature pink and white coffee cups into the manicured hands of office workers. As part of the expansion plan it ...
Mass market transforms the retail landscape; Discounters invade New York, altering buyer expectations, shopping habits.(Report: Economic Outlook)
Jan 01, 2007; ... Byline: Elizabeth Macbride kohl's has won over George Caputo of Staten Island. Though he was skeptical when the store opened about two years ago on the North Shore, the retired police officer just can't resist the prices. Six dollars less than he had been paying for a ...
Web 2.0 revives New York's tech industry; Second dot-com wave promises more sustained growth; big companies dominate.(Report: Economic Outlook)
Jan 01, 2007; ... Byline: Elizabeth Macbride the second wave of the Web is arriving in New York, creating hundreds of small businesses, thousands of jobs and the promise of a more sustained economic benefit than the last Internet boom. Businesses from shopping portals to information ...
IPOS: THINGS OF THE PAST.(Initial public offerings)(Brief article)
Jan 01, 2007 ... It's unlikely that many new firms will emulate Internet 1.0 companies by holding an initial public offering. Tougher regulations and investors' reluctance make that path more difficult. Rather, companies are growing slowly or being acquired. Some of the companies that were bought have been ...
Strong growth in 2007 as city outpaces nation; New York will add nearly as many jobs as in 2006; U.S. recession a wild card.(Report: Economic Outlook)
Jan 01, 2007; ... Byline: Tom Fredrickson in 2007, New York's economy will repeat the same remarkable feat it accomplished in 2006: growing faster than the national economy. Crain's estimates that the city will add 54,000 jobs this year, nearly matching its 2006 performance and taking ...
Week in Review.
Jan 01, 2007 ... Byline: from staff and bloomberg news reports Tourists flock to New York City A record 44 million visitors pumped more than $24 billion into the Big Apple last year, according to NYC & Company. That's up 7.3% from 2005, and Mayor Michael Bloomberg said the city is ...
Terror fund campaign gains steam; Insurance subsidy a high priority among Democratic committee leaders.(News)
Jan 01, 2007 ... Byline: Julie Satow for the first time since Sept. 11, the real estate and insurance industries are gaining momentum in their effort to secure long-term federal subsidies for terrorism coverage. The incoming chairmen of the Senate Banking Committee and the House ...
IPOS: THINGS OF THE PAST.(Report: Economic Outlook)(Correction notice)
Jan 01, 2007 ... ***** Correction: Steve Fadem is the chief executive of Relegence Corp. His name was misstated in a story on IPOs in the Jan. 1 "Economic Outlook Report.'' ***** It's unlikely that many new firms will emulate Internet 1.0 companies by holding an initial ...
Restaurant finds temporary recipe.(Small Business)(Kostas Kiritsis opens Mediterranean cafe)(Brief article)
Jan 08, 2007 ... Kostas kiritsis, who owned eight restaurants in Poland before moving to New York in 1992, has opened a European cafe on East 10th Street. Mr. Kiritsis says his target audience is "everybody." He already has a coterie of customers who swear by the cafe's Mediterranean dishes, ...
Local colleges get in the game; Sports management programs spring up as leagues make play for qualified staff.(News)
Jan 08, 2007; ... Byline: Samantha Marshall Steve olwell, a 21-year-old senior at St. John's University, wants to be the next Theo Epstein. The sports management major--a diehard New York Mets fan--hopes to run a major league team by the time he's in his early 30s, just like the young general ...
Falling oil prices hit Hess Corp.; profits to ebb for first time in 18 months.(In the Markets)(earnings for Schering-Plough Corp. and JetBlue Airways Corp. )(Financial report)(Brief article)
Jan 08, 2007 ... The good news last week was that Hess found a lot more oil in its field deep under the Gulf of Mexico. The bad news was that the price of that petroleum went into a nosedive, falling nearly 9% in just two days as prices slid to 18-month lows. No wonder analysts predict that late this ...
Crazy 'bout burgers; Beef on a bun goes upscale at passel of new joints.(News)(rapid opening of fast food restaurants)
Jan 08, 2007; ... Byline: LISA FICKENSCHER New Yorkers may be forced to give up trans fats and cigarettes, but they can still savor their red meat. The lust for beef is fueling an explosion of burger joints--a surge that is taking even jaded New York foodies by surprise. At ...
All that glitters--in one spot; Week of Jan. 22.(Business Lives)
Jan 08, 2007 ... What could be more to the point in the financial capital of the world than an exhibit about gold? Head to the American Museum of Natural History for a dazzling display of one of the world's most prized minerals. With items ranging from ancient coins to 30-pound bars on loan from the ...
Bird-watching takes wing; Week of Feb. 12.(Business Lives)
Jan 08, 2007 ... Not all birds fly south for the winter. Help tally those that stayed home in Brooklyn by participating in the Great Backyard Bird Count in Prospect Park. It's one of many events on tap for the park's annual Winter Festival, which kicks off Saturday, Feb. 17, and provides plenty of free ...
Best of Bob Lape.(Business Lives)(Italian restaurants)(Directory)(Brief article)
Jan 08, 2007 ... Following are other neighborhood Italian restaurants. 'Cesca 2 1/2 164 W. 75th St. (between Amsterdam Avenue and Central Park West), Manhattan. (212) 787-6300. New chef Kevin Garcia (of Del Posto) keeps this popular Upper West Sider in the top tier of contemporary ...
Hot Jobs.(Business Lives)
Jan 08, 2007 ... Byline: kira bindrim WANTED: editor in chief PUBLICATION Symphony magazine JOB DESCRIPTION Overseeing editorial content, management, operations and budget of the American Symphony Orchestra League's bimonthly title MOST IMPORTANT TASK Handling ...
Engineers strike looms; Health care remains key to deadlocked talks with landlords.(News)(Brief article)
Jan 08, 2007; ... Byline: Julie Satow Thousands of engineers who operate New York's largest office towers could go on strike this week. The 6,000-member International Union of Operating Engineers Local 94 has been in negotiations with the Realty Advisory Board on Labor Relations for ...
Help! I need a job.(Business Lives)(opinion of Mark Neiman on finding employment)(Brief article)
Jan 08, 2007 ... This is the best time for a search, because companies have gotten their budgets and know how much they have to staff up to meet goals. January also brings new management, which means layoffs and new hires. Use a combination of ...
Cure for winter blahs; Stuck in the city? Crain's picks a different diversion for each of the next 8 weeks.(Business Lives)
Jan 08, 2007; ... Byline: louise kramer The New Year is just beginning and winter seems to be long delayed, but already New Yorkers are checking out airfares to Aspen or Anguilla. Sure, the city can inspire the urge to flee, but there are plenty of activities to fight the winter blahs right here ...
Cobble Hill co-op apartment takes some cobbling; Entrepreneur finds gem in Brooklyn, but making it a dream home is an ordeal.(Business Lives)(Wendy Simmons)
Jan 08, 2007; ... Byline: Margaret Jaworski On a december day, an abundance of natural light floods through the impossibly tall windows framing Wendy Simmons' living/dining area. A set of 17th-century French chairs complements the farmhouse-style dining table. The Brooklyn Navy Yard is visible ...
On the horizon: IPOs by hedge funds; 20 funds could go public; may have to tone down style.(News)(initial public offerings)
Jan 08, 2007; ... Byline: Aaron Elstein Hedge fund managers, Wall Street's wizards behind the curtain, are seeking to cash in on their eye-popping success by selling shares to the public. More than 20 hedge funds are expected to conduct initial public offerings over the next two ...
New York, New York.(Briefs)(Burgers & Cupcakes)
Jan 08, 2007; ... Byline: edited by Valerie Block Will Oprah bio hurt book biz? Last month, when Crown Publishers signed up dirt-digging biographer Kitty Kelley to write an unauthorized biography of Oprah Winfrey (above), it looked like the Random House division had scored a major ...
STUDENTS SEEK Host businesses; exploring careers.(Small Business)(Brief article)
Jan 08, 2007 ... The greater new york councils Exploring program is seeking businesses to host educational sessions offering high school students the opportunity to explore various industries and make better decisions about possible career choices. The Exploring program puts together groups of ...
Costar seeks info on real estate deals; 2006 top leases, top sales.(News)
Jan 08, 2007 ... COSTAR GROUP INC. is compiling data for two lists covering the 2006 New York real estate market. The first is a list of the largest office leasing deals in Manhattan; the second is a list of the largest property sales in the five boroughs. The list of sales will include office building, ...
High school crusader; New NAF president focuses on reforming education to prepare students for careers.(Business Lives)(J.D. Hoye, National Academy Foundation president)(Biography)
Jan 08, 2007; ... Byline: Samantha Marshall Nothing less than transforming the nation's school system from the inside out tops the to-do list of J.D. Hoye, the new president of the National Academy Foundation. The veteran education reform advocate, who took over the Manhattan-based nonprofit on ...
At Deadline.(Late News)(Merrill Lynch and Company Inc. blames New York Mercantile Exchange of overpriced securities)(WildLife Conservation Society signs advertising contract with Deutsch Inc.)(Haier America introduces high end consumer electronic products)
Jan 08, 2007 ... This year's Armory Show, a contemporary art fair, has been moved up by about a month to coincide with The Art Show--creating a major art event in New York during Feb. 22-26. The two fairs are expected to attract 60,000 visitors. A number of smaller fairs, like Pulse, that used to run in ...
Downtown contract for big law firm; Sullivan & Cromwell expands to Water St.; phone seller makes NY connection.(Real Estate)
Jan 08, 2007 ... One of New York City's largest law firms has expanded its offices in lower Manhattan. Sullivan & Cromwell, which handled nearly $763 billion worth of merger and acquisition deals in 2006, has signed a 20-year lease for 67,000 square feet, or the entire 51st floor, at 55 Water St. The ...
The Weeks Ahead.(Calendar/Datebook)(Calendar)
Jan 08, 2007 ... Byline: adrianne pasquarelli this week's events january 9 Young Men's/Women's Real Estate Association holds lunch program with John Yormak, chief operating officer of Broadway Partners. 12:00 p.m. to 1:30 p.m., 1 W. 54th St. Fee: $75. (212) 716-3890 or ...
Executive Moves.(Business Lives)(appointments)
Jan 08, 2007; ... Byline: adrianne pasquarelli Advertising & communications Dan Klores Communications: Rick Cerrone, 52, joined as senior vice president of the sports division. He had been senior director, media relations, for the New York Yankees. MRM Worldwide: Tim ...
Mr. Clean.(Business Lives)(Joseph Spinelli)(Brief article)(Biography)
Jan 08, 2007; ... Byline: tom fredrickson Joseph Spinelli, 57, chief operating officer of Daylight Forensic & Advisory, is a fraud buster. The former FBI agent, who bills upward of $500 an hour, specializes in finding and preventing corruption in schools, corporations and government agencies. ...
Hospitals' ill-fated fight for life; Facilities sue NY over Berger-mandated shutdowns, but law is on state's side.(News)
Jan 08, 2007 ... Byline: Gale Scott A growing number of hospitals facing closure by the state are seeking judicial reprieves, but experts say that their efforts are likely to fail. Six suits have been filed so far; the most recent was brought last week by groups representing patients ...
Making 2007 pay off; 10 businesses set goals for the year and look back at 2006.(Small Business)
Jan 08, 2007; ... Byline: Tina Traster Crain's asked the owners of 10 small businesses to share their New Year's resolutions and to tell us a bit about how they fared in 2006. Their responses, which follow, paint a revealing picture of the city's vital small business economy. They show common ...
Window company defies the odds; Crystal builds big NY factory; Chinese market is next target.(Small Business)(Crystal Window & Door Systems Ltd.)
Jan 08, 2007; ... Byline: Victoria Rivkin These days, more and more New York companies are outsourcing their production to China. Not Crystal Window & Door Systems Ltd. Instead, the Queens-based window and door manufacturer last month opened its own factory in China--not to make ...
Hits & Misses; Fledgling firms' key moves.(online shopping site Sortprice.com and periodical "Urban Biker" launched)
Jan 08, 2007; ... Byline: Lisa Goff Shopping site trades up Recent reports that online-shopping sites hugely inflate the number of clicks they generate have made many merchants wary of pay-per-click advertising. In 2004, partners Doron Simovitch and Asaf Klibansky came up with a ...
Friendly, local Italian places; Five neighborhood restaurants are small in size, but big on authentic fare.(Business Lives)(Restaurant review)
Jan 08, 2007 ... let's start the year with some neighborhood places of special quality. All are Italian, with first-rate kitchens, deep wine cellars, notable value and caring service. Warmth and conviviality pervade them all, credit cards are welcome, and wines are reasonably priced. Reservations are a ...
Applying old ideals to Crain's new tasks.
Jan 08, 2007; ... Byline: Greg David The arrival of the new year brings this annual column outlining what Crain's New York Business is and describing its journalistic philosophy. This year's edition begins with an explanation of our ambitious plans for the Web. Once simply a weekly ...
Spitzer aides plan to review big projects; ESDC's new chiefs promise to overhaul agency; star-studded panel to court execs.(News)(Empire State Development Corp.)(Eliot Spitzer)
Jan 08, 2007; ... Byline: Erik Engquist Gov. Eliot Spitzer's new economic development team is embarking on an overhaul of the Empire State Development Corp., beginning this week with a hard look at every pending and recently approved project. The agency's new leaders will review the ...
Spitzer plan attacks state's ills.(Viewpoint)(Eliot Spitzer)
Jan 08, 2007 ... Eliot spitzer's campaign pledge that "Day One, everything changes'' might have been a tad over the top, but in Week One, the new governor laid out an impressive agenda to fix what ails New York. The object of any overhaul has long been clear: Release the grip that special ...
The Insider.(Briefs)(New York State Food Industry Alliance fights nickel deposits on noncarbonated beverages)(New York City Economic Development Corp. studies rate cap on garbage carters)(New York City City Council terms)
Jan 08, 2007; ... Byline: erik engquist and anne michaud Bottle-deposit battle brewing The new york state Food Industry Alliance is preparing a strategy to beat back the Bigger, Better Bottle Bill, which environmentalists have been pushing in Albany. The bill would extend nickel ...
On the Agenda: Spitzer's Week 1; New team faces big task filling vacancies.(Briefs)(Eliot Spitzer)
Jan 08, 2007 ... new health commish may be hard to find Sources say a state health commissioner may not be appointed before the end of the month, as several big names in the field have turned the job down. One rejection came from Dr. Michael Stocker, the retired president and chief ...
Seven ways to land angels; Early-stage investors supply not just cash, but hands-on help.(how to find investors)(Brief article)
Jan 08, 2007; ... Byline: Tina Traster When she came out of Columbia Business School a few years ago, Andrea Miller had an idea for a magazine and an interactive Web site about personal relationships. She did the groundwork, then went looking for cash. "The first angel was someone I'd ...
With big merger blocked, Warner stuck on sour note; Shares down 30%; sluggish album sales keep investors away.(In the Markets)
Jan 08, 2007 ... Byline: Tom Fredrickson Last year, Warner Music Group Corp. was the only major recording company to grow its market share. The company added a full percentage point to its share of U.S. album sales, Nielsen SoundScan announced on Friday. Greeted with this upbeat ...
Broadcast media in funk; Marginal '07 seen after lackluster '06; stations need ways to fight Web's mojo.(News)(radio and television broadcasting compete with internet for advertising contracts)
Jan 08, 2007; ... Byline: Matthew Flamm Across New York, executives at local radio and television stations have one thing in common: They're glad 2006 is over. Unfortunately, 2007 isn't looking much better. Television insiders are predicting a low-single-digit drop in ad ...
WHAT DO YOU THINK OF THE CITY COUNCIL'S WIDE-RANGING NIGHTCLUB PROPOSAL? CRAIN'S ONLINE POLL.(Viewpoint)
Jan 08, 2007 ... More than two-thirds of the 115 respondents to a NewYorkBusiness.com poll support the council's initiative to tighten ...
Write stuff.(Karen Levy, calligrapher)(Brief article)
Jan 15, 2007; ... Byline: elisabeth butler Karen Levy, 65, works as a calligrapher, inscribing place cards, invitations and menus for individuals and some of the city's largest companies, including Saks Fifth Avenue and J.P. Morgan Chase. necessity Ms. Levy spent seven years studying ...
CoStar seeks info on real estate deals; Top leases, sales.(CoStar Group Inc. to compile data for real estate market)(Brief article)
Jan 15, 2007 ... COSTAR GROUP INC. is compiling data for two lists covering the 2006 New York real estate market. The first is a list of the largest office leasing deals in Manhattan; the second is a list of the largest property sales in the five boroughs. The list of sales will include office ...
Best of Bob Lape.(Quality Meats, Craftsteak and Porter House New York)(Directory)(Brief article)
Jan 15, 2007 ... Quality Meats (3.5) 57 W. 58th St. (between Fifth and Sixth avenues), Manhattan. (212) 371-7777. Rustic New American food and great service in a playful setting that suggests a high-design meat locker. Craftsteak (2.5) 85 10th Ave. (at West 15th Street), ...
Newsweek on Time: We'll stay the course; Sees rival's changes as a boost; stronger Web presence helps.
Jan 15, 2007; ... Byline: Matthew Flamm January has been a busy month for Time, which is valiantly attempting to cheat death, or at least irrelevance, by becoming a new kind of newsmagazine. Which prompts the question: Will Newsweek, Time's veritable twin, follow suit? The answer from ...
Firms flee midtown rent run-up; 30% rise and counting has many weighing moves out of the area.(Real Estate Report)
Jan 15, 2007; ... Byline: Andrew Marks For more than two decades, the U.S. publishing arm of EMI Group happily called midtown Manhattan home. Early last year, when the company opened negotiations about renewing its lease, the good times ended. "The landlord wanted a rent that was ...
Fast-running Steven Madden stubs toe as profits slow from triple-digit rates.(In the Markets)
Jan 15, 2007 ... In recent years, few companies have done more to enrich their shareholders than shoemaker Steven Madden. Its shares soared 83% last year, and 56% in 2005. This year, the shoe is on the other foot. So far, the shares are off 3%. Analysts estimate that in the fourth quarter of 2006, profits ...
Hot Jobs.
Jan 15, 2007; ... Byline: amanda fung WANTED: development director institution New York Methodist Hospital JOB DESCRIPTION Meeting short- and long-term fund-raising goals, creating service programs and coordinating special events MOST IMPORTANT TASKS Identifying ...
At Deadline.(Late News)
Jan 15, 2007 ... Verizon Communications' plan to start offering television service in the city early in 2007 appears to be in jeopardy. The City Council passed a law allowing the telecom company to pursue a cable TV franchise three months ago, but the city has not yet released a request for proposals that ...
COMPTROLLER JOB Who's in line?(Briefs)
Jan 15, 2007 ... Gov. Eliot Spitzer and Albany's legislative leaders named a panel of three last week to interview potential replacements for state Comptroller Alan Hevesi (right). The panel must come up with five names, which will go to the Legislature for a vote. The 108 Assembly Democrats select the ...