Crain's New York Business back issues from July 2007:
STUDENT ACTIVISTS.(News)
Jul 02, 2007 ... Even the city's high school students have become activists on the issue of military recruitment. Christine Feliciano joined the Ya-Ya Network, an activist youth group that spreads the word about the perils of enlisting, after graduating from Christopher Columbus High School in the Bronx ....
2007 city facts; A guide to vital statistics on the New York economy.
Jul 02, 2007 ... Demographics: Population, race and immigration Economy: Job projections, foreclosures and income forecasts Education: School budgets and college endowments Employment: More jobs and higher wages Financial: Wall Street's bountinful run, M&A deals ...
AllHipHop.com revamps; Top 10 music site forges ties with Amazon, iTunes.(News)
Jul 02, 2007 ... Byline: Samantha Marshall allhiphop.com has forged ties with Amazon.com, Apple iTunes and other digital media firms to extend its brand through e-retail, music downloads, advertising and mobile content. The self-described "world's most dangerous site'' is one of the ...
Builders, unions aim to cut costs; Pushing changes to regain share of residential market; seek Council's help.(News)
Jul 02, 2007 ... Byline: Erik Engquist worried about a decline in their market share for housing, union contractors and workers are moving to lower the cost of hiring them for residential developments. They also intend to ask the City Council to impose new safety and benefit ...
At deadline.
Jul 02, 2007 ... A possible sale of Commerce Bancorp may shake up retail banking in the city by opening the door to a foreign buyer or allowing a major U.S. bank to expand in the area. Analysts say that Commerce, which has $44 billion in deposits, is in play now that Vernon Hill has agreed to step down as ...
Firms are eyeing escapes from midtown's high rents; Tenants mull exits to NJ, other cheaper areas; apparel maker goes off Broadway.(Real Estate Deals)
Jul 02, 2007 ... As midtown rents have skyrocketed, a few tenants have fled the area for cheaper climes--like European bank BNP Paribas, which leased 110,000 square feet at 525 Washington St. in Jersey City. But a new report indicates that increasing numbers of companies are mulling midtown departures. ...
CORRECTIONS.
Jul 02, 2007 ... Jacobi Medical Center is one of the organizations backing a TV ad campaign for the Bronx. The name of the hospital was misspelled in the June 25 "Neighborhood Journal,'' as ...
Week in review.
Jul 02, 2007 ... Byline: Staff and Bloomberg News reports Power outage gets quick response A power outage on the Upper East Side and in the Bronx brought to mind last July's massive blackout in Queens, which left thousands of residents and businesses in the dark for nine days ....
Mobile entertainment hardly fun and games; Local firms face big rivals in battle for share of fairly small U.S. market.(News)
Jul 02, 2007 ... Byline: Amanda Fung early this year, thousands of people signed up for a $2.99-a-month service to guarantee that they would get nagged every time their phone rang. The pestering voice wasn't that of a parent or spouse but a ring tone from mobile entertainment firm ...
Demographics; Population offers strength in numbers.(2007 City Facts)(Brief article)(Statistical data)
Jul 02, 2007 ... Need proof of New York City's importance to the Empire State? Look no further than the census data, which show that 43% of the state's residents live here. Take that, Albany! And what a gorgeous mosaic the city's population is: roughly a third white, a quarter Hispanic, a quarter black and ...
Economy; Money in, money out: Region thunders on.(2007 City Facts)
Jul 02, 2007 ... The fundamentals of the local economy are strong: Personal income is rising, unemployment is dropping, the municipal piggy bank is being replenished. So what's the problem? The cost of just about everything is going up. Taxes are hitting individuals and businesses with a thud: New York ...
Education; Following the money to school reform.(2007 City Facts)
Jul 02, 2007 ... Money alone won't fix New York City's public schools, but it's a start. Apart from a dip in 2002, per-pupil spending has continued to go up year to year over the past decade. The Department of Education's forecasted budget for 2007 was a formidable $17.1 billion. Despite classroom reforms, ...
Employment; The gospel according to the book of jobs.(2007 City Facts)(Brief article)
Jul 02, 2007 ... People are happier when they have jobs. So goes the New York economy. The unemployment rate is lower than it has been in years, and it even compares well with those for other big cities and the nation as a whole. No borough has been left behind as average wages have kept rising in recent ...
Financial; Area trades up on Wall Street's boom.(2007 City Facts)
Jul 02, 2007 ... New york city's economy is running with the bull. Securities industry employment rose in 2006 for the third straight year, and bank jobs posted their second consecutive year of gains. The annual bonuses paid by Wall Street, which fuel personal spending at a range of area businesses, leaped ...
NYC teens say 'Hell no' to Army; Military goes hip-hop to improve some of worst recruitment numbers in nation.(News)
Jul 02, 2007 ... Byline: Samantha Marshall tricked-out hummers idle outside city high schools in the toughest neighborhoods, stocked with rap CDs and other goodies attractive to local youths. But Diddy ain't behind the wheel. It's Uncle Sam, trying desperately to improve some of the ...
Mayor takes on more national issues; Critiques states' education programs but says he's not leaving City Hall.(News)
Jul 02, 2007 ... Byline: Erik Engquist and Anne Michaud mayor michael bloomberg insists he is going to serve out the last 915 days of his term as mayor. But that isn't stopping him from continuing to venture into national politics. Speaking before 700 enthusiastic executives at last ...
In the markets.
Jul 02, 2007 ... COMPANIES' PROGRESS Despite a volatile stock market, most market indices show solid gains for the first six months of the year. But the Crain's/Bloomberg Index of New York area shares has underperformed the broader measure. Worries about subprime housing loans and shaky ...
Government; Taxes light fire under city, state spending.(2007 City Facts)
Jul 02, 2007 ... Handling government fiscal policy is not for the faint of heart. The figures involved are gargantuan. City spending has leaped from $41.2 billion in 2002 to nearly $60 billion today. Of course, the city tax man was busily counting the proceeds of a concurrent surge in revenue. New York ...
Health care; Resolving the crisis in medical spending.(2007 City Facts)
Jul 02, 2007 ... It is one of the most dire public policy issues facing New York state: how to control the escalating cost of health care while making certain that the uninsured get needed medical attention. The cost of hospital stays is rising, and Medicaid spending in the state is already nearly $50 ...
International; Journey to the center of the world.(2007 City Facts)
Jul 02, 2007 ... As business has become more global, international commerce has become more important to New York. The volume of ocean-borne cargo moving through area ports hit 86.2 million metric tons last year, up from 84.8 million in 2005. Trade is a dynamic sector: Last year, Thailand replaced the U.K ....
Real estate; Making all of New York a treasure island.(2007 City Facts)
Jul 02, 2007 ... Buy land, dig hole, pour foundation, erect building. Repeat. Buy land, dig hole. ... Real estate may be losing its mojo in many parts of the United States, but not in New York City. Construction spending in the five boroughs is expected to exceed $25 billion this year. The average sale ...
Small business; Entrepreneurs thrive; lenders take heed.(2007 City Facts)
Jul 02, 2007 ... The entrepreneurial economy is alive with activity. The number of small businesses has risen to nearly 1.9 million, from just over 1.7 million in 2001. Business bankruptciesan unfortunate fact of life for many entrepreneursare declining. And banks are pumping plenty of money into area ...
Technology; They're investing like it's 1999.(2007 City Facts)
Jul 02, 2007 ... Hold on to your pocket protector: Tech is cool again. The volume of venture capital investments in the metro area made a big leap last year versus 2005 levels, and New York City firms are enjoying a lively market for M&A transactionslike the $3.1 billion acquisition of DoubleClick by ...
Tourism; Thanks for coming; please come again.(2007 City Facts)
Jul 02, 2007 ... They arrive with full wallets, which New York is happy to empty out. Visitors -- tourists on vacation, executives on business, suburbanites at a game -- are propelling an economic surge. Visitor spending has been rising steadily and is set to reach $25.5 billion this year. Broadway's ...
Transportation; Taking the train to work, to the game ...(2007 City Facts)
Jul 02, 2007 ... While everybody likes to complain about the price of gas, officials in the New York area actually do something about it. Collectively, they operate an extensive mass-transit system that provides the real fuel for the economy. Commuters and other travelers took 2.2 billion rides on city ...
New York more than vanity buy; Wasserstein money seems well spent as magazine thrives.(News)
Jul 09, 2007 ... Byline: Matthew Flamm There is a long tradition of rich guys overpaying for trophy media properties. But when Wall Street wizard Bruce Wasserstein nabbed New York magazine at the end of 2003, he seemed to be setting a new standard for vanity acquisitions. The Lazard ...
Claiborne plans belt-tightening; Company will reduce dependence on department stores, grow its own brands.(News)
Jul 09, 2007 ... Byline: Elisabeth Butler Cordova Liz claiborne executives are expected to announce plans to sell some of the company's well-known brands and institute large job cuts at a long-anticipated investor meeting on Wednesday. The moves are designed to reduce the company's ...
Second all-city real estate fund gearing up; But prospects aren't clear as leadership remains undefined.(News)
Jul 09, 2007 ... Byline: Julie Satow Four years ago, Anthony Fisher had an idea to spur investment and help rebuild the city, which was still reeling from the terrorist attack on the World Trade Center. A member of one of New York City's prominent real estate families, he joined forces with ...
Mount Sinai recovery.(News)(Mount Sinai Medical Center)
Jul 09, 2007; ... Byline: Gale Scott CEO effects turnaround, spending for talent and refocusing resources Four years ago, Mount Sinai Medical Center was in a downward spiral. The proud teaching hospital and medical school complex on Manhattan's Upper East Side was battered ...
Dive in.(Business Lives)
Jul 09, 2007 ... Byline: adrianne pasquarelli Dick Blankfein, 72, is in over his head at work. As dive safety officer at New York Aquarium in Coney Island, he supervises 46 volunteer divers and dives four times a week. Team members serve as docents and clean, restructure and maintain exhibits ....
Almost alchemy: waste into fuel; Biodiesel project raises VC, interest; urban target market.(Small Business Report)
Jul 09, 2007 ... Byline: Victoria Rivkin Appearances can be deceiving on the frontiers of the green economy. In the past two years, the founder of Tri-State Biodiesel has taken a bow at the Tribeca Film Festival, met with former Vice President Al Gore, been profiled in The New York ...
Conscience is their guide; Entrepreneurs strike balance between causes, bottom line.(Small Business Report)(social entrepreneurship)(Company overview)
Jul 09, 2007; ... Byline: Andrew Marks At recycled planet, shoppers can buy handsome picture frames, lamps and coasters ingeniously crafted out of everything from old magazines to discarded bottle caps. Claudia Garzesi, the company's co-founder, sees her outfit as not just green but ...
Cleaned-up Monster ready to charge ahead; International growth, takeover premium make stock a good bet.(In the Markets)
Jul 09, 2007 ... Byline: Amanda Fung Now that Monster Worldwide Inc.'s executive suite has been cleaned up and its legal woes are in the past, things are looking up for the Manhattan-based company, which operates the popular job site Monster.com. Monster appointed Timothy Yates its ...
Newark airport: biz hub; Airlines add business- class flights; travelers like the convenience.(News)
Jul 09, 2007 ... Byline: Hilary Potkewitz Newark Liberty international Airport was once considered the airport of last resort for New Yorkers, but it's been gaining in popularity among business travelers, and carriers are adding capacity. Transatlantic traffic from Newark grew by ...
Excellence- on-Hudson; X2O Xaviars brings first-rate food, wine, service to Yonkers in a stunning setting.(Business Lives)(Kelly's Inc.)(Restaurant review)
Jul 09, 2007 ... Peter xaviar kelly, the Hudson Valley's most esteemed chef-restaurateur, has come home to Yonkers bearing the gift of a world-class dining destination. The three Kelly restaurants, all on the west bank of the Hudson, rate Nos. 1, 2 and 3 for food and are among the 10 most ...
New York, New York.(Briefs)
Jul 09, 2007; ... Byline: edited by Valerie Block In the kitchen with Catherine When catherine zeta-jones' (below) latest flick, No Reservations, comes out later this month, at least one moviegoer will focus on more than the actress's sexy figure. Chris Giarraputo, ...
The Weeks Ahead.(Business Lives)(Calendar)
Jul 09, 2007 ... Byline: adrianne pasquarelli this week's events july 10 Camba's Small Business Services holds workshop on credit repair and money management. 10:00 a.m. to 4:00 p.m., 884 Flatbush Ave., second floor, Brooklyn. Free. (718) 282-2500, ext. 242, or ...
Week In Review.(Briefs)
Jul 09, 2007 ... Byline: from staff reports and bloomberg news reports Blackstone buys Hilton Blackstone Group has agreed to buy Hilton Hotels Corp. for $20.1 billion, or $47.50 per share, quelling fears that the recent buyout binge is coming to an end. The deal ends Hilton's 60-year ...
At Deadline.(News)
Jul 09, 2007 ... WCBS-FM will return this week with a younger-skewing version of the oldies format that it took off the air in June 2005, according to an industry insider. The station is expected to hire some veteran DJs. WCBS 101.1 had been a top-10 station, but the audience was graying. CBS Radio flipped ...
Bridal designer commits to SoHo; Junko Yoshioka is wedded to bigger retail space on B'way.(Real Estate)
Jul 09, 2007 ... Byline: Julie Satow Asoho bridal atelier is moving down the block and tripling the size of its retail space. Junko Yoshioka, which creates hand-sewn couture bridal dresses and evening gowns, has signed a seven-year lease for 3,000 square feet at 580 Broadway, between Prince and ...
Hits & Misses; Fledgling firms' key moves.(Small Business Report)
Jul 09, 2007; ... Byline: Lisa Goff Market goes nuts for new drink While traveling in brazil in 2004, Michael Kirban bought a fresh green coconut at a roadside stand. The vender whacked off the top with a machete and stuck in a straw. Ah! Four months later, Mr. Kirban ...
5 tips for making awards pay off.(Small Business Report)
Jul 09, 2007; ... Byline: Tina Traster Being honored helps generate publicity, win new business A booth at the Digital Life Convention that was tricked out to resemble a garage--with stacks of old Rolling Stone magazines, old vinyl LPs on the wall, and a sprinkling of 30-year-old ...
Nonfiction point man; With nose for best sellers, Collins head plans to turn sleepy unit into powerhouse.(Business Lives)
Jul 09, 2007 ... Byline: Matthew Flamm Steve ross may inhabit the world of nonfiction books, but his publishing choices haven't always been bookish. In the 1990s, when the executive worked at Delacorte Press, he had a hunch he could turn Dennis Rodman into a best-selling author after ...
Small talk turns to small tech.(Small Business Report)(Larkin/Volpatt Communications)(Brief article)
Jul 09, 2007 ... A man and a woman meet at a bar; a relationship blossoms. But in the case of Kate Larkin and Michael Volpatt, their encounter in 2003 led to business, not romance. "I had just quit my job at a boutique public relations firm, and Kate had just been laid off from a dot-com,'' Mr ....
Starwood could be the next takeover target among large hotel chains.(In the Markets)
Jul 09, 2007 ... With Hilton Hotels accepting a $20.1 billion buyout offer from Blackstone Group last week, speculation focused on Starwood Hotels & Resorts Worldwide as the group most likely to be acquired next. Investors consider hotels bargains compared with other real estate assets like office ...
Hot time in the city; A weekly lineup of activities for chilling out and cooling off.(Business Lives)
Jul 09, 2007; ... Byline: Louise Kramer if you're stuck in the city this summer, there is no need to feel you're missing out while your colleagues hobnob in the Hamptons or romp in Rhinebeck. The city is sizzling with activities. The Staten Island Yankees, the minor league team of the ...
Commerce lesson worth remembering.(Viewpoint)(Commerce Bank)
Jul 09, 2007; ... Byline: Greg David Seven years ago, New Yorkers were paying the highest bank fees in the nation and receiving service that was second to everyone else's. Then Vernon Hill brought Commerce Bank to the city and changed everything. Consumers owe him a debt of gratitude, ...
the best local summer produce?(Business Lives)
Jul 09, 2007 ... July is the heart of New York's growing season. Both sweet and tart cherries are ripe and delicious. Raspberries will soon be available, as will peaches, which I advise you to eat with a napkin. Green beans, carrots and herbs are also ...
A camera-ready home; Location rentals part of plan for couple's Harlem brownstone.(Business Lives)
Jul 09, 2007; ... Byline: Margaret Jaworski Shortly after closing on their West 132nd Street brownstone, Tom Houghton and Janet Forman watched from a distance as flames spread through the empty living room of their new home. They didn't panic. The blaze was choreographed for Rescue Me, the edgy ...
The economics of malpractice.(Viewpoint)
Jul 09, 2007 ... For years, the pataki administration papered over the malpractice insurance crisis by artificially holding down rates. The results were predictable: The financial strength of New York's major insurer was undermined, while soaring liability settlements and verdicts continued unabated. ...
The Insider.(Briefs)
Jul 09, 2007 ... Byline: Erik Engquist and Anne Michaud Malpractice hikes panic doctors Doctors across New York will pay higher medical malpractice insurance premiums as state Insurance Commissioner Eric Dinallo seeks to forge a consensus on changes to reduce costs. Last ...
Congestion: Assembly revisions.(Briefs)(Brief article)
Jul 09, 2007 ... Mayor Michael Bloomberg didn't seem to be in the mood to compromise on his congestion pricing plan when he told a Crain's forum late last month that the Legislature shouldn't be "micromanaging'' his proposal. But members of the Assembly aren't ready to give way. Some Assembly ...
Morgan Stanley overhauls retail unit; Chucks nonperformers, recruits big guns, mends fences with investment bank.(News)
Jul 09, 2007 ... Byline: Aaron Elstein Morgan stanley's retail brokerage used to be a first-class embarrassment. The former Dean Witter was known for its mass-market approach, selling stocks out of Sears stores. And it had been sanctioned by regulators for rewarding brokers who ...
Executive Moves.(Business Lives)(briefs)
Jul 09, 2007; ... Byline: adrianne pasquarelli and sarah studley accounting & consulting J.H. Cohn: George L. Riggs, 56, joined as partner. He had been managing member at Riggs & Associates, which he founded. PricewaterhouseCoopers: Hank Mlynarski, 55, joined as managing ...
The bundling class; Collecting big bucks for candidates from a few ensures access and status.(News)
Jul 09, 2007; ... Byline: Anne Michaud Behind the glittering windowpanes of many of Manhattan's most posh apartments, hidden from public view, the stars of New York's boardrooms, courtrooms and dressing rooms are chatting with potential presidents about how to run the country. The ...
SHOULD THERE BE REFORMS TO THE MALPRACTICE SYSTEM? CRAIN'S ONLINE POLL.(Viewpoint)
Jul 09, 2007 ... A wide majority of the 97 respondents to a Crain's poll believe there should be reforms to the medical malpractice system in New York state. Nearly half say ...
Green vision for Gowanus; Conservancy makes plans for cleaned-up Brooklyn waterway.(News)
Jul 16, 2007; ... Byline: Erik Engquist Central park has one. So does Westchester's Otter Creek Preserve and Montauk's famed Shadmoor bluffs. But until recently, the idea of a conservancy organization to oversee and protect Brooklyn's hyperpolluted Gowanus Canal seemed weird--if not out-and-out ...
COMPTROLLER RACE Lots of cash.(Briefs)(Brief article)
Jul 16, 2007 ... The 2009 primary for city comptroller is more than two years away. But the three leading candidates, all term-limited members of the City Council, have amassed million-dollar war chests. Brooklyn Councilman Simcha Felder raised over $700,000 in the six-month filing period ended ...
Duane Reade can't stanch the bleeding; Makes meager gains against encroaching rivals; heavy debt.(News)(Richard Dreiling )
Jul 16, 2007; ... Byline: Elisabeth Butler Cordova Nearly two years after Richard Dreiling took the top job at Duane Reade Holdings Inc., New York's biggest drugstore chain is still beleaguered. Reports filed last month show that the company had sales of $1.6 billion last year, little ...
Mini-mascot.(Business Lives)(Brief article)
Jul 16, 2007; ... Byline: adrianne pasquarelli Dave Payton, 26, is 5-foot-3 and weighs about 115 pounds. That makes him perfect as Pee Wee the Seagull, the cartwheeling sidekick to Sandy the Seagull, the principal mascot of the Brooklyn Cyclones, the New York Mets' minor league team. Mr. Payton ...
Executive Moves.(Business Lives)(appointment of Steve Nietupski at Alvarez and Marsal L.L.C.)(Jaime Kalfus joined Bravo Group)(promotion of Jeffrey Moran at Absolut Spirits Company Inc.)
Jul 16, 2007; ... Byline: adrianne pasquarelli and sarah studley Accounting & consulting Alvarez & Marsal Transaction Advisory Group: Steve Nietupski, 33, joined as managing director. He had been a director, transaction services, at PricewaterhouseCoopers. ExlService ...
The Weeks Ahead.(Business Lives)(Calendar)
Jul 16, 2007; ... Byline: adrianne pasquarelli this week's events july 17 New York Society of Security Analysts holds course on credit analysis and credit risk management. 1:00 p.m. to 4:30 p.m., 1177 Sixth Ave., second floor. Fee: $215 members, $275 nonmembers. (646) ...
Wild Salmon does flip-flop; Chodorow's shrine to Pacific Northwest has split personality; one not very nice.(Business Lives)(Viewpoint essay)
Jul 16, 2007; ... Byline: Bob Lape Just when i got really excited about Wild Salmon, I discovered there are two of them. My first pass at Jeffrey Chodorow's ode to the food and drink of the Pacific Northwest revealed a model of satisfying dining, though it had begun with some ...
At Deadline.(Late News)(ticket sales of broadway theater)(case against Saint Vincent Catholic Medical Centers by investors)(EMI Music's joint venture with Union Entertainment Group)
Jul 16, 2007 ... Attendance on Broadway is up 10.6% six weeks into the new season, and box office grosses have jumped 8.7% from the same time last year. The lineup features three more shows than last summer's, but theater executives say the main reason for the increase is the intense demand for tickets to ...
Quinn turns out big winner; Development RFPs detail amenities that speaker advocated; boost in 2009 race?(News)(requests for proposals)(Christine Quinn )
Jul 16, 2007; ... Byline: Erik Engquist City council speaker Christine Quinn emerged as the big political winner in an agreement on the parameters of a massive development over the Hudson Rail Yards. The speaker won a number of social amenities, detailed Friday in requests for ...