Crain's New York Business back issues from June 2007:
Taxis a hard-to-beat investment.(By the Numbers)
Jun 04, 2007 ... While new york taxis are yellow, the licenses to operate them are pure gold. Over the past 50 years, the Dow Jones Industrial Average has gone up an average of 8% per year; ...
Edgy rock returns. Is country next?(Viewpoint)
Jun 04, 2007 ... Byline: Valerie Block So, a little ripple of excitement ran through New York when CBS Radio pulled the plug on its failed Free-FM talk format and put Nirvana back on the airwaves. Good old hard-edged rock 'n' roll gives those college boys something to listen to again. They can't ...
New York, New York.(Briefs)
Jun 04, 2007; ... Byline: edited by valerie block Rock-bottom room rates As far as bargains go, this one is a whopper! To promote its recent name change, the Tudor Hotel will offer a room rate of $19.31 per weekend night from July 7 through Aug. 26. That's right, $19.31, an ...
Co-op Upgrade.(Retail Report)(Newmark Knight Frank Retail's contract with Jacques Torres )(Brief article)
Jun 04, 2007 ... Even existing buildings are trying to overhaul their image and cash in on the demand for trendy, attractive shops. In a co-op building on Amsterdam Avenue between West 78th and West 79th streets, gone are the pizza parlor and the deli that previously occupied part of the ...
NY firms chasing Persian Gulf riches; Airlines ramp up flights as lawyers, builders head east.(News)
Jun 04, 2007 ... Byline: Hilary Potkewitz When new york lawyers, bankers and builders talk about flying back and forth to the Gulf states these days, they're not talking about Louisiana, Alabama and Mississippi. They're talking about Abu Dhabi, Dubai and Qatar: Persian Gulf states whose vast oil ...
New way to tout tunes; Strategic marketing chief at BMG seeks ties to big brands to boost tumbling music sales.(Business Lives)
Jun 04, 2007 ... Byline: Matthew Flamm The worse things get in the music industry, the more important Donna Clower becomes. With compact disc sales in free fall, the partnerships she creates with brands like Verizon and L'Oreal provide an avenue of growth for her division of music giant Sony BMG ...
Best of Bob Lape.(Business Lives)(restaurants)(Brief article)
Jun 04, 2007 ... Following are other recently reviewed Mediterranean restaurants. Anthos (3 stars) 36 W. 52nd St. (between Fifth and Sixth avenues), Manhattan. (212)582-6900. It's Donatella Arpaia and chef Michael Psilakis (Dona) again as the youthful chef bids to gain for ...
Real Estate and More Online at Crain's Site.(Retail Report)
Jun 04, 2007 ... Tuesday e-mail Sign up today for Crain's Real Estate Insider, a new weekly e-mail newsletter featuring the latest deals, events and personnel moves in one of the hottest industries. To register, go to www.NewYorkBusiness.com/ signup. Breaking news E-mail alerts keep you ...
Albany may move on big issues; Measures stymied for years now front and center in final weeks of Legislature.(News)
Jun 04, 2007 ... Byline: Erik Engquist With less than three weeks remaining in the legislative session, lawmakers are plowing through a slew of thorny proposals and could reach compromises on measures that have been ensnared in Albany gridlock for years. Atop the list: reforming the ...
Born and bred in NY.(Retail Report)(Brief article)
Jun 04, 2007 ... Even as national retailers and big-box stores invade the city, homegrown New York chains are thriving. From nail salons to shampoo sellers, these mini empires are each carving out a unique niche, building a devoted customer base and staying nimble enough ...
Touro's breakeven plan; New medical school will rely on tuition income, no-frills approach to survive.(News)
Jun 04, 2007 ... Byline: Gale Scott A long-vacant former department store in the heart of Harlem on 125th Street will house Manhattan's first new medical school in more than a century. The Touro College of Osteopathic Medicine starts operations in September with its first class of ...
Enthralled by Harry; Adult fans risk scorn as they indulge in Pottermania.(Business Lives)
Jun 04, 2007; ... Byline: ELISABETH BUTLER After holing up in her agent's connecticut home for weeks to avoid distractions, novelist Lee Harrington has only one worry about finishing her second book, Nothing Keeps a Frenchman from His Lunch: She is afraid that her deadline for revising her ...
Music biz faces new realities; Execs focus on ring tones, ads to make up for falling CD sales; new deals.(News)
Jun 04, 2007 ... Byline: Samantha Marshall When mark pitts goes into a recording studio, he has a lot more on his mind than coming up with a hit song. The president of urban music at the Zomba Label Group, a division of Sony BMG Music Entertainment, wonders how companies like AOL, Kmart and ...
Former Hearst space nearly filled; Four tenants move into B'way offices; menswear company sews up expansion.(Real Estate)
Jun 04, 2007 ... Most of the 77,000 square feet at 1790 Broadway vacated last year when Hearst Corp. moved to its new headquarters on West 57th Street has been leased. In the past two months, four tenants have taken a total of 55,000 square feet at 1790 Broadway, which is at West 58th Street ....
Out of the money; Immigrant track workers at Belmont face poverty, isolation; education fund at risk.(News)
Jun 04, 2007 ... Byline: Tom Fredrickson At the belmont stakes this Saturday, ladies in big hats and men in summer suits will arrive in Jaguars and Hummers ready to watch, and wager on, the Sport of Kings. Most of them won't notice Belmont Park's 2,000 backstretch workers--grooms and ...
Hot Jobs.(Business Lives)
Jun 04, 2007 ... Byline: kira bindrim WANTED: Chief financial officer COMPANY Pfizer Inc. JOB DESCRIPTION Managing the company's $49 billion financial operation MOST IMPORTANT TASK Streamlining operations and cutting costs to account for lost revenue ...
At Deadline.(News)
Jun 04, 2007 ... Fotolog.com, a photo-related social networking Web site, has retained investment bank UBS to explore a possible sale, says a source close to the company. Last week, similar sites were acquired by News Corp. and CBS. The Manhattan-based Fotolog, which has raised $11 million from investors ...
Classy shops bring cachet; Developers seek store tenants that will boost apartment prices.(Retail Report)
Jun 04, 2007 ... Byline: Judith Messina For years, the east side of West End Avenue between West 69th and West 70th streets housed a dreary strip of retailers, including a tired supermarket, a dry cleaner and a liquor store. In its next incarnation, anchoring a new 29-story luxury ...
A REPORTER'S TRANSFORMATION.(Business Lives)
Jun 04, 2007 ... Byline: elisabeth butler I tried to resist Harry Potter. My mother and sister, both avid readers, bugged me for years to check out "these great children's books,'' insisting that I would flip over them. Incredibly, two weeks before the fourth book came out, I still didn't know ...
Buying for Dad.(Business Lives)(retail store offerings)(Brief article)
Jun 04, 2007; ... Byline: elisabeth butler New York retailers have stocked up for Father's Day on June 17. Here are some gift ideas for papas of various stripes. Handy Dad Pick up a clear-handle screwdriver with eight magnetic bits, packaged in a translucent case, for $14 at the Muji ...
MARKETING ON THE RECORD.(News)
Jun 04, 2007 ... Advertisers are competing with record labels at their own game. Starbucks and video game maker Electronic Arts recently started up music labels; wireless company Boost Mobile is planning to launch a division for signing talent and releasing their songs. Publisher Conde Nast and sneaker ...
Coat maker G-III's shares heat up even as temperatures outside rise.(In the Markets)
Jun 04, 2007 ... Summer is almost here, but investors are thinking warm thoughts about coats. Last week, they snapped up shares of outerwear maker G-III Apparel, which are up 139% over the past year. The company added to the frenzy by announcing the acquisition of two small apparel makers as part of an ...
Bag maker faces mass-market quandary; Purse designer tries to maintain exclusivity while building output level needed to grow.(Small Business)
Jun 04, 2007 ... Byline: Lisa Goff Most entrepreneurs would jump at the chance to increase their production runs. Not Anthony Luciano, founder of an eponymous handbag company. Last year, his firm made a dozen copies of a bag that was featured in the Neiman Marcus Christmas catalog. ...
New attitude at old(er) Turk; Turkuaz offers full menu, unbeatable Sunday brunch deal; big wine markups.(Business Lives)
Jun 04, 2007 ... Something new and delicious is taking place behind the blue facade and red door of Turkuaz on Manhattan's Upper West Side. A new owner, new chef and new attitude endow this source of fine Turkish cuisine with considerable fresh appeal. It now ranks among Manhattan's top ...
Yes on congestion pricing.(Viewpoint)
Jun 04, 2007 ... Mayor michael bloomberg's plan to charge a fee to drive in most parts of Manhattan on weekdays will accomplish two important goals: It will reduce the insufferable traffic in the city's main business district and generate billions of dollars for badly needed mass-transit projects ....
Fossella pushes changes in regulatory overreaching; S.I. congressman heads task force on capital market competitiveness.(News)
Jun 04, 2007 ... Byline: Nicholas Rummell As the chorus for preserving the competitiveness of U.S. capital markets grows, a new conductor will try to make sense of the cacophony: Staten Island Republican Rep. Vito Fossella. As newly appointed chairman of the Republican task force on ...
Legal woes take new toll on Martha Stewart Living; Struggling company's stock looks overvalued; are best days behind it?(In the Markets)
Jun 04, 2007 ... Byline: Aaron Elstein Just when it seemed that Martha Stewart Living Omnimedia Inc. was finally gaining some ground, its founder's past legal woes staged a costly reappearance last week. The company reached a final settlement of a suit that alleged the company had ...
Cosmetics firms offer lighter shade of pale; Whiteners revive sagging high-end skin care market.(News)
Jun 04, 2007 ... Byline: Elisabeth Butler As beachgoers smear themselves with tanning oil and fry in the sun, a growing number of New Yorkers are heading in the opposite direction. They are lining up at cosmetics counters to buy products that promise a lighter complexion. Across the ...
The Insider.(Briefs)
Jun 04, 2007; ... Byline: Erik Engquist and Anne Michaud Key tax break under review The city economic Development Corp. is keeping mum on its revamping of the Industrial and Commercial Incentive Program, or ICIP, because the reforms will be unpopular with developers, insiders say. ...
The Weeks Ahead.(Calendar/Datebook)
Jun 04, 2007 ... Byline: adrianne pasquarelli this week's events june 5 Crain's New York Business holds networking breakfast and program with Elliot Sander, chief executive of the MTA. 8:00 a.m. to 9:30 a.m., Hilton New York, 1335 Sixth Ave. Fee: $70. (212) 210-0739 or ...
Beauty salon franchise nails customers' needs; Skillful promotions, focus on hygiene yield big revenues; coping in indie-minded market.(Retail Report)
Jun 04, 2007 ... Byline: Margaret Jaworski On a typical friday night, the Dashing Diva nail salon on Manhattan's Upper West Side looks like a G-rated version of Girls Gone Wild. In the Pink Pedicure Lounge, clients sip complimentary cosmos while soaking their feet in ceramic tubs ...
Not-so-low prices are right at accessories chain; Laila Rowe finds women willing to pay more for throwaway fashion.(Retail Report)(Company overview)
Jun 04, 2007 ... Byline: Shira Boss-bicak Four years ago, when jewelry business veterans Judith Schwartz and Alexia Crawford decided to open a retail store on the Upper West Side, they did it by the seat of their pants. Not only did they eschew branding, marketing and store design, ...
Lower East Side an uppermost target; Builders think area is next big thing; is it 10 years from greatness?(Retail Report)
Jun 04, 2007 ... Byline: Tommy Fernandez Three years ago, drummer Trish Naudon noticed that she was starting to see more business suits and khakis than leather and long hair when her punk band played hard-rocking gigs for Lower East Side audiences. Now, thanks to that shift, Ms ....
Cosmetics, costume shop goes corporate, organizes; 20-store Ricky's opens central office, hires executives; new growth strategy.(Retail Report)(Company overview)
Jun 04, 2007; ... Byline: Louise Kramer The owners of funky cosmetics and costume emporium Ricky's NYC used to rely on gut instinct to hire store managers. That habit got them, among other things, a manager who logged 10 years with the company despite the fact that he constantly showed up late. ...
Snag over Hudson Yards; Council speaker seeks guarantees on public facilities, affordable housing.(News)
Jun 04, 2007 ... Byline: Julie Satow City council speaker Christine Quinn is delaying a proposal to develop the valuable Hudson Yards rail yards, demanding new public facilities and guarantees on affordable housing. The speaker, whose district includes the Metropolitan Transportation ...
CORRECTIONS.(Correction notice)
Jun 04, 2007 ... The name of J.K. Rowling, author of the Harry Potter series, was misspelled in an article about publisher Scholastic in the May 28 issue. Anthony Shorris is executive director of the Port Authority of New York & ...
VOTING MACHINES Not even in '08.(Briefs)
Jun 04, 2007 ... Not only will New York City miss a federal deadline to have new voting machines in place for the 2007 elections, the machines may not be installed for the 2008 presidential election, says John Ravitz, executive director of the city Board of Elections. "Things would have to break incredibly ...
Executive Moves.(Business Lives)(briefs)
Jun 04, 2007; ... Byline: adrianne pasquarelli Advertising & communications MRM Worldwide: Andy Jacobs, 48, was promoted to executive vice president and chief technology officer, North America, from senior vice president and director of technology. Apparel & retail ...
Aqueduct good bet for development; Governor to offer plan for struggling raceway; industrial project in Brooklyn.(Neighborhood Journal)
Jun 04, 2007; ... People living in the shadow of Aqueduct Racetrack in Ozone Park, Queens, and its 500-plus workers are anxiously awaiting word from Gov. Eliot Spitzer on the 113-year-old track's future. The governor said recently that he is "considering options to strengthen horse racing'' in ...
WILL ROGER CLEMENS BE ABLE TO RESCUE THE YANKEES? CRAIN'S ONLINE POLL.(Viewpoint)(Brief article)
Jun 04, 2007 ... Most of the 469 respondents don't think adding Clemens to the roster will lift the Yankees out of their slump. Two-thirds say the team needs more than a fresh pitcher; 17% say ...
The Weeks Ahead.(Calendar/Datebook)
Jun 11, 2007 ... Byline: adrianne pasquarelli this week's events june 12 Action Coach New York holds workshop on accelerating business growth. 6:00 p.m. to 7:00 p.m., 989 Sixth Ave., fourth floor. Free. (646) 862-1710 or www.actioncoachnyc.com. june 12 ...
Executive Moves.(Business Lives)
Jun 11, 2007 ... Byline: adrianne pasquarelli Accounting & consulting Ernst & Young: Patricia Pruden, 50, joined as partner. She was formerly managing member and co-owner of Patterson Pruden. KPMG: Timothy P. Flynn, 50, was named chairman of KPMG International and ...
COSTAR SEEKS INFO ON REAL ESTATE DEALS; TOP LEASES, SALES.(Briefs)
Jun 11, 2007 ... COSTAR GROUP INC. is compiling data for two lists covering the New York real estate market in the first half of 2007. The first is a list of the largest office leasing deals in Manhattan, ranked by square feet; the second is a list of the largest commercial property sales in the five ...
Best of Bob Lape.(Business Lives)(Restaurant review)
Jun 11, 2007 ... Following are other suburban restaurants reviewed recently. Bengal Tiger (3 stars) 144 East Post Road (between Court Street and Mamaroneck Avenue), White Plains. (914) 948-5191. Simson Kalathara's 31-year romance with White Plains results in the best Indian restaurant ...
Reaching New Heights.(News)
Jun 11, 2007 ... new york city construction spending rose 18.3% last year from 2005, led by sharp gains ...
The swindle on Staten Island; How a gang of wannabe traders duped investors; fraud in foreign-exchange futures on the rise.(News)
Jun 11, 2007 ... Byline: AARON ELSTEIN Growing up on staten island, Joseph Pappalardo would look across the bay at the gleaming towers of Manhattan's financial district and think that one day he would make it on Wall Street. "I was seeing people who had a lot of success in the markets ...
MATTERS OF INTERPRETATION.(Business Lives)(Brief article)
Jun 11, 2007 ... Having in-laws who don't speak English can be a burden. "I'm embarrassed to admit it, but it's hard for me to communicate with my in-laws,'' says Charles Massimo, whose wife, Stella, does a lot for her Greek parents. But Mr. Massimo, a wealth ...
REGULATOR DOES MORE WITH LESS.(News)
Jun 11, 2007 ... With more investors dabbling in the futures markets, the industry's chief regulator is overmatched as it tries to police its fast-growing beat. Staffing levels at the Commodity Futures Trading Commission's enforcement division have declined to 110 people, compared with about ...
Hot Jobs.(Business Lives)
Jun 11, 2007 ... Byline: kira bindrim WANTED: chief financial officer COMPANY Jefferies Group Inc. JOB DESCRIPTION Managing the more than $3 billion that the company oversees for its clients MOST IMPORTANT TASKS Maintaining financial stability and helping ...
Columbia fireworks set to begin; Foes mobilize as university prepares to submit expansion plan for approval.(News)
Jun 11, 2007; ... Byline: Anne Michaud After a three-year drumroll, Columbia University's plan to develop 17 acres in West Harlem as a satellite campus will go before city officials next week. Now the fight begins. Many in the neighborhood are worried about the displacement of 160 ...
Bird's-eye view.(Business Lives)
Jun 11, 2007 ... Byline: hilary potkewitz Yvetta Pokorny, 54, is a senior wild-animal keeper at the Bronx Zoo, in charge of large birds. She prepares their food, designs their exhibits and helps keep them healthy. Where the buffalo roam In the late 1980s, Ms. Pokorny fled Communist ...
Bravo for opera's new innovator.(Viewpoint)
Jun 11, 2007 ... Byline: Alair Townsend While checking out a winery recently near Avignon, France, I bumped into Mike and Marie of Scranton, Pa. When they learned I was vacationing from New York, they had an earnest favor to ask. Would I please shake the hand of the Metropolitan Opera's general ...
MTA CHIEF SPEAKS Project alert.(Briefs)(Metropolitan Transportation Authority)(Brief article)
Jun 11, 2007 ... Tensions between the Metropolitan Transportation Authority and the Bloomberg administration over two crucial projects are easing as top officials work on compromises. MTA Chief Executive Elliot "Lee'' Sander (below) told more than 350 executives at a Crain's forum last week that ...
The Insider.(Briefs)
Jun 11, 2007 ... Byline: Erik Engquist and Anne Michaud Real estate group moves on 421-a legislation The real estate board of New York is trying to derail proposals that would dramatically overhaul the city's 421-a property tax abatement program. Instead, REBNY is asking the ...
At Deadline.(Briefs)
Jun 11, 2007 ... Nearly 100 business leaders will join Chief Judge Judith Kaye Tuesday at a breakfast rally designed to win pay raises for judges. Scheduled speakers include Viacom general counsel Michael Fricklas, Partnership for New York City President Kathryn Wylde, and Zagat Survey publisher Tim Zagat ....
Smaller is beautiful; Cosmetics veteran developing disparate brands for tiny firm, with budget to match.(Business Lives)
Jun 11, 2007 ... Byline: Elisabeth Butler The resume of Jill Scalamandre reads like a who's who of the beauty business. During a nearly 30-year career with Revlon, Prada and Avon, she has managed some of the best-known cosmetic and skin care lines. The Long Island native is now ...
ESPN Radio gets in game; Sports station gains with hit morning show as Imus' absence hurts rival WFAN.(News)
Jun 11, 2007 ... Byline: Matthew Flamm Espn has long been the Yankees of sports media--the old Yankees, that is--with its powerhouse cable networks and dominant Web site. Its radio division, however, has tended to look like the old, last-place Mets. That's starting to change. The ...
NY economy booms, defying U.S. trend; Self-employed push city to new heights; widespread job gains.(News)
Jun 11, 2007 ... Byline: Tom Fredrickson New york city's economy is turning in a star performance in 2007. The city should add about 30,000 new jobs in the first six months, Crain's New York Business estimates, and is on track to gain about 50,000 for the full year. New ...
High Line tab at $117M; Report for Durst says railway would stymie development.(News)
Jun 11, 2007 ... Byline: Julie Satow Restoring the northern portion of the High Line, the elevated railway that runs along the rail yards on Manhattan's West Side, will cost $117 million, according to a new report that is likely to embolden developers seeking to tear down the railway. ...
To pay or not to pay.(Small Business Report)(Brief article)
Jun 11, 2007 ... Though interns may be more interested in learning than earning, more and more small businesses are paying at least minimum wage. Even if interns are getting college credit, rewarding them for their work boosts morale and offers more real-world experience. "An employer, according ...
Speaking for the parents; Immigrants' adult children handle the details of life.(Business Lives)
Jun 11, 2007 ... Byline: AMANDA FUNG "Hello'' and "how are you?'' That's the extent of the English spoken by Richard Rodriguez's mother, Marcolina, who emigrated from Cuba more than three decades ago. As a boy in New York, Mr. Rodriguez was her translator. He signed leases, wrote checks and ...
Hedge fund named Goldman Sachs gets a quick clipping in the market.(In the Markets)
Jun 11, 2007 ... These are tricky times to bet on the markets. Just ask Goldman Sachs, which until recently did so very well wagering pots of its own money that the firm was said to be more hedge fund than investment bank. That identity got Goldman into trouble last week as investors panicked, pushing the ...
Traditional cereal gets spiced up.(Small Business Report)
Jun 11, 2007 ... Four years ago, Gaby Sherrow had an organic baker's dream job, running the baking department at the Chelsea outpost of an upscale grocery chain. But the dream soured when Ms. Sherrow lost control of her cookie recipes because she misunderstood her contract. She responded by ...
All-in-the-family condo living; Adjacent apartments a must for close siblings; will share terrace space.(Business Lives)
Jun 11, 2007 ... Byline: Margaret Jaworski Ever since they graduated from college, Evan Bailyn, 26, and his brother, Bradley, 28, have lived next door to each other. The siblings, who grew up on Long Island, will remain connected by real estate when they move this summer into one-bedroom condos ...
CORRECTIONS.
Jun 11, 2007 ... Alain Ducasse's new restaurant will be called Adour. The name was misstated in a June 4 "New York, New York'' item. Connecticut congressional candidate Jim Himes was an investment banker at Goldman ...