Crain's New York Business back issues from November 2008:
Health care becomes fallback position; Sector sees surge in job seekers from finance.(News)
Nov 03, 2008 ... Byline: Gale Scott As head of a medical employment agency, Steven Craig has read thousands of resumes over the years. But he has seen something new in the past two weeks: applications for hospital jobs from people who last worked in finance. Partly because of the ...
PUBLIC ADVOCATE Jockeying starts.(Briefs)
Nov 03, 2008 ... Even though the possibility of a third term is now open to her, Public Advocate Betsy Gotbaum (right) announced last week that she will leave the post. An opponent of term limits extension, Ms. Gotbaum says she could not benefit from something she doesn't agree with. The news set off a ...
Budget hoteliers unfazed; With their segment holding up, group forges ahead with ambitious projects.(News)
Nov 03, 2008 ... Byline: Lisa Fickenscher Tourist crowds are thinning; corporate travel is tanking. And the combination is eroding both occupancy and room rates at city hotels--a trend that many experts say is just beginning. New York's most prolific hotel developer is nonchalant, ...
'Yes' on Willets Point is crucial.(Viewpoint)
Nov 03, 2008 ... The city council should approve the Bloomberg administration's comprehensive plan to redevelop the blighted Willets Point section of Queens--not in spite of the financial crisis, but because of it. Anything less than resounding approval would send a signal that New Yorkers no longer have ...
Midsize deals suddenly the only game in town; Competition grows as larger firms compete with established shops.(Business of Law Report)
Nov 03, 2008 ... Byline: Hilary Potkewitz Back in 2006, multibillion-dollar deals were the rage, and the biggest law firms in the city had their names written all over them. Now that credit markets have stalled and investment banks been dismantled, middle-market deals, from $50 million to about ...
A fresh start without gridlock.(Viewpoint)
Nov 03, 2008 ... Byline: Alair Townsend It's been a long time since I have looked forward so eagerly to seeing the back of a president. There's not much for me to celebrate, and some big causes of despair from the eight years of George W. Bush. I want change. For me, that means Barack Obama and ...
B&N plots advantage with social network; Online feature designed to connect readers.(News)
Nov 03, 2008 ... Byline: Kira Bindrim Barnes & noble inc. doesn't just want to know what you're reading; it wants you to tell everyone else, too. The Manhattan-based book retailer last week launched My B&N, an online social network that allows users to set up personal profiles, ...
Group seeks Host businesses; exploring careers.(Real Estate)
Nov 03, 2008 ... The Greater New York Councils' Exploring program is seeking businesses to host educational sessions offering high school students the chance to explore various industries and make better decisions about possible career choices. The Exploring program puts together groups of 15 to ...
Law Resources and More on Web.(Business of Law Report)
Nov 03, 2008 ... Largest law firms list online Readers can download the list of the largest law firms in the New York area by visiting Crain's Web site, www.crainsnewyorkbusiness.com/businesslists. The list is available in PDF, Excel or HTML form. In addition, the Book of Lists- a complete compilation of ...
Office vacancies rising faster than expected; 17.6% rate in next year, according to study.(News)
Nov 03, 2008 ... Byline: Elisabeth Butler Cordova In the next year, commercial vacancies for the New York metropolitan area will surge to 17.6%, up from today's 12% rate, according to a revised forecast issued last week by Property & Portfolio Research Inc. That's considerably higher than the ...
OVERLAPS; Wounded giant scrambles to cut costs and shed troubled assets; rivals seize openings.(Business of Law Report)
Nov 03, 2008 ... Byline: Aaron Elstein Law school students worried about landing a job should focus on areas such as bankruptcy or intellectual property as it applies to the Internet, says Paul Mourning, a hiring partner for Cadwalader Wickersham & Taft. "I'm optimistic about the ...
Firms migrating to cash-rich star in the East; More set up offices in Persian Gulf, enticed by flow of investable capital.(Business of Law Report)
Nov 03, 2008 ... Byline: Hilary Potkewitz it used to take a lot of coaxing to get New York lawyers to move to the Persian Gulf, but the U.S. financial freeze is prompting more of them to warm to the idea. The Gulf kingdoms are awash with capital to finance mergers, acquisitions and ...
Retailers pin hopes for holiday on Internet; Even more shoppers migrate online, but site designs are costly.(News)
Nov 03, 2008 ... Byline: Adrianne Pasquarelli Facing a christmas that's more red than green, many retailers are looking to their e-commerce sites for a silver lining. Holiday spending is expected to increase this year by a meager 2.2%, to $470 billion, according to the National Retail ...
Should U.S. taxpayers bail out New York? CRAIN'S ONLINE POLL.(Viewpoint)
Nov 03, 2008 ... 304 VOTES Date of poll: Oct. 29 57% No. The budget deficits are largely the result of reckless spending in Albany. Why should the rest of the ...
The Insider.(Briefs)
Nov 03, 2008 ... Byline: erik engquist and matthew sollars No Capital trip for New York pols If sen. Barack Obama (left) wins Tuesday, don't expect many New Yorkers to join his administration. Most Democrats here hitched their hopes for a D.C. job to Sen. Hillary Clinton's star. ...
All work, some play; Adding time off to biz trips saves bucks.(Business Lives)
Nov 03, 2008 ... Byline: LISA FICKENSCHER Roland alonzi's job as a New York City marketing executive has required him to fly to Colorado at least 30 times over the past year. Last month, for the first time, he asked his girlfriend to join him so that they could enjoy an extra four days in Aspen ....
THE SEARCH FOR A SUCCESSOR.(Business of Law Report)
Nov 03, 2008 ... By Dec. 1, a commission will deliver seven names to Gov. David Paterson, who must then select a new chief judge of the Court of Appeals. The state Senate must confirm his appointment between Jan. 1 and Jan. 15. Speculation about Chief Judge Judith Kaye's successor has centered ...
In the Markets.(Briefs)
Nov 03, 2008 ... Byline: erik ipsen Snoopy hits a rough patch Getting met certainly hasn't paid for investors lately. Shares in MetLife Inc. have plummeted by nearly 50% in the last six weeks. And with good reason: The nation's largest life insurer reported ugly ...
Time Inc.'s tough transition; Reorganization brings titles together but draws criticism for lack of digital focus.(News)
Nov 03, 2008 ... Byline: Matthew Flamm As time inc. goes through its second major restructuring in three years, which is expected to include more than 600 layoffs, the publishing giant is trying to create a more centralized operation that makes the best use of resources at a difficult time for ...
New York By The Numbers.(News)
Nov 03, 2008 ... If you've ever wondered which opera has been performed the most times at the Met (Puccini's La Boheme) or what was the city's lowest recorded temperature (-15 F in February 1934), then The Almanac of New York City, recently published by Columbia University Press, should be on your ...
Art auctioneers prepare for low-bid season; Sotheby's, Christie's ask sellers to lower minimum prices.(News)
Nov 03, 2008 ... Byline: Elisabeth Butler Cordova New york's auction houses are bracing for the start of their key fall sales season this week, which will show how badly the global financial crisis has affected the art market. Both Sotheby's and Christie's International will auction ...
New York, New York.(Briefs)
Nov 03, 2008 ... Holocaust production stepping to Broadway Irena's vow, the off-Broadway Holocaust play starring Tovah Feldshuh (left), is heading to Broadway this spring. The production, which tells the true story of a Polish Catholic woman who risked her life to hide 12 Jewish refugees, opened ...
At Deadline.(Late News)
Nov 03, 2008 ... The city reached a tentative agreement with the Corrections Officers Benevolent Association for 4% wage increases in each of the next two years. Along with other increases, the new contract amounts to a nearly 10% increase in compensation for corrections officers and will raise the maximum ...
Networks make Times Square election night headquarters; U.S. and global organizations to cover from spot.(News)
Nov 03, 2008 ... Byline: Lisa Fickenscher Times square will be transformed into Election Central on Tuesday. Almost every major U.S. and international news organization is setting up operations in hotels and studios in the neighborhood, hoping to capture the mood of the country ...
Fort Greene tries art of promotion; Myrtle Ave. stores flash local paintings in effort to bring in more foot traffic.(Neighborhood Journal)
Nov 03, 2008 ... Brooklyn's Fort Greene neighborhood has long drawn more than its fair share of artists, largely due to the area's longtime mainstay--Pratt Institute, a school that specializes in art and design. Pratt students, eagerly clutching sketch pads, come from around the nation. Many of them stick ...
Hospital system proceeds with project to build new facility in Village; Hospital system proceeds with project to build new facility in Village.(News)
Nov 03, 2008 ... Byline: Theresa Agovino Saint vincent catholic medical Centers' hopes of building a new hospital brightened after it secured a major victory from city officials last week that allows it to raze a former union hall, paving the way for construction. SVCMC still ...
Debtors left in limbo; Without Lehman funds, developers' projects founder; unanswered queries.(News)
Nov 03, 2008 ... Byline: Theresa Agovino Kent swig's condo conversion at 25 Broad St. has entered a frightening new place: Lehman Brothers limbo. In happier times, Lehman was bankrolling Mr. Swig's effort to transform the stately 21-story tower into an upscale residence. Now, with ...
Creative deal for penthouse tenant; Financial advisers opt for West 57th Street; space comes with skylights.(Real Estate)
Nov 03, 2008 ... Consulting firm ML Management signed a 10-year lease for the 26th floor penthouse of 250 W. 57th St., between Broadway and Eighth Avenue. The asking rent for the roughly 9,300-square-foot space was $65 a square foot. The company, which provides tax, accounting and other ...
Trouble in paradise: Crisis crimps Hamptons housing; 3Q prices, sales fall in resort area and elsewhere on L.I.(News)
Nov 03, 2008 ... Byline: Theresa Agovino Residential real estate in the Hamptons has been hit harder by the sinking economy and the credit crunch than housing in New York City. The average price of a house in the posh coastal enclave plunged 23.3% in the third quarter compared with a ...
Harlem eatery hit by lean times; MoBay Uptown files for Chapter 11 but keeps partying.(News)
Nov 03, 2008 ... Byline: Elisabeth Butler Cordova For weeks, Harlem restaurant MoBay Uptown has been planning an all-night election party on Tuesday, and it's already lined up music, signature Obamatinis and free appetizers for everyone who attends. But behind the scenes, co-owner ...
Hot Jobs.(Business Lives)
Nov 03, 2008 ... Byline: damian ghigliotty WANTED: Senior Sales Director company Bank of New York Mellon JOB DESCRIPTION Selling investment services to high-net-worth individuals and funds via various means, including personal meetings MOST IMPORTANT TASKs ...
Fulton another good catch; Citarella group's new member features the freshest seafood in a warm setting.(Business Lives)(Restaurant review)
Nov 03, 2008 ... Joe "citarella'' gurrera, honored last week as Retailer of the Year by the Manhattan Chamber of Commerce, is expanding his seafood empire with a posh new fish house, Fulton. Celebrating Fulton Fish Market, New York's storied, 179-year-old maritime emporium, the restaurant brings ...
Budget crisis will cut deep in NYC; Faces $1 billion in losses; schools, hospitals, nursing homes big targets.(News)
Nov 03, 2008 ... Byline: Erik Engquist More crowded classrooms. Longer waits in emergency rooms. Tax increases. The impact of the state's budget crisis on New York City will be profound and will be felt in many ways. The city could face $1 billion or more in cuts from the state, ...
Taking a new stage; Fundraising vet will run Atlantic Theater's business side; aims to bring in $10 million.(Business Lives)
Nov 03, 2008 ... Byline: Miriam Kreinin Souccar Embarking on a capital campaign during the worst economic crisis in decades could be fodder for a comedy of errors or a Shakespearean tragedy for an off-Broadway theater. But that is exactly what the Atlantic Theater Company is planning ...
French standard for new century; In TriBeCa, Nieporent's Corton excels with clean, precise, intense flavors; affordable dishes.(Business Lives)
Nov 10, 2008 ... Corton, Drew Niepor- ent's superb new restaurant named for Burgundy's largest area of Grand Cru wines, is really all about great food and service. It's no surprise that the man whose Montrachet sparked TriBeCa's renaissance 23 years ago creates with even greater style and finesse for the ...
Peacock network fails to take off, again.(News)
Nov 10, 2008 ... Byline: Matthew Flamm Hip chief's slate can't land coveted young audience; needs identity, defining night nbc universal thought it was the hippest broadcaster in Hollywood when it hired high-flying producer Ben Silverman as co-chairman of its entertainment division. ...
STATE SENATE Out in left field.(Briefs)
Nov 10, 2008 ... Regardless of whether Malcolm Smith (below) or someone else lands the job of majority leader of the state Senate, the new Democratic majority will shift the chamber's politics decidedly leftward. Initiatives routinely banished by Republicans at the request of business ...
The Insider.(Briefs)
Nov 10, 2008 ... Byline: Erik Engquist and Matthew Sollars Forget the rebate check, mate The checks, it turns out, were not in the mail. City homeowners won't get the $400 property-tax rebate checks that they've been receiving for the past four years, and that's not the least of it ....
Timing off on city's raises; Pay hikes for union workers despite cutbacks elsewhere.(News)
Nov 10, 2008 ... Byline: Daniel Massey Last monday, Mayor Michael Bloomberg stood in the Blue Room at City Hall to announce a two-year contract that provides 100,000 municipal workers in District Council 37 with 4% annual raises. The increases didn't come as a surprise--they followed ...
Making the case for Wall St. bonuses.(Viewpoint)
Nov 10, 2008 ... Byline: Greg David The line "Wall Street versus Main Street'' has become a mantra this fall. They shouldn't be enemies, especially in New York. It is understandable that politicians from California and Massachusetts want to prevent securities firms from paying out bonuses this ...
Paterson's conservative ally.(Viewpoint)
Nov 10, 2008 ... Democrats may hold all the power in Albany following Tuesday's election victory, but the key decisions about the budget, spending and taxes will be a struggle of two against one. The questions: Which two, and who is the odd man out? The key is whether the current ranking Senate ...
Progress on site near Atlantic Yards; Telecom Building revamp moves ahead in Brooklyn; no such luck for big neighbor.(Neighborhood Journal)
Nov 10, 2008 ... Bruce ratner, eat your heart out. While his vast Atlantic Yards hangs in limbo, awaiting resolution of court cases and his ability to come up with mountains of financing, a rival developer is moving swiftly to renovate the Telecom Building just across the street. The building, ...
BEATING A PATH TO THE POTOMAC.(News)
Nov 10, 2008 ... Byline: erik engquist and matthew sollars beating a path to the potomac High-profile endorsers of victorious presidential candidates often line up for White House appointments. But the payoff for New Yorkers from Barack Obama's success will be scant, as the vast ...
What Obama means for NY; Urban-centric policies a help, but tax plan mixed bag.(News)
Nov 10, 2008 ... Byline: Erik Engquist What will Barack Obama's presidency mean for New York? There is no great gathering of Gotham-ites in line for senior White House posts, so the state will not have any particular influence in the new administration. And the Democratic president-elect has ...
What will Barack Obama's approval rating be a year from now? CRAIN'S ONLINE POLL.(Viewpoint)
Nov 10, 2008 ... 402 VOTES Date of poll: Nov. 5 52% Around 50%, as the economy gets slightly better ...
These Listings.(Report: Growing a Business Guide)
Nov 10, 2008 ... These listings were compiled by Denise Southwood, Maia Blume, Stephanie Kim and Sarah Studley. Organizations were asked to provide listings if they appeared last year or if they contacted Crain's requesting inclusion. Some entries were edited for length. Organizations that ...
Small BiZ Resources on CRAINSNEWYORK.COM.(Report: Growing a Business Guide)
Nov 10, 2008 ... GROWING A BUSINESS GUIDE ONLINE Crain's list of more than 600 organizations that help small businesses can be accessed through the "Resources" tab at www.crainsnewyork.com. SMALL BUSINESS ALERTS Sign up for free e-mail alerts and be the first to know about city incentives, key ...
Repairing Brand Central; Finance whiz promoted to guide NexCen's recovery from problems with loans, rapid growth.(Business Lives)
Nov 10, 2008 ... Byline: Adrianne Pasquarelli When ken hall joined NexCen Brands Inc. as chief financial officer and treasurer in March, he thought he would be part of a high-growth success story. In the previous 14 months, NexCen had acquired nine brands; they include fast food and ...
New York, New York.(Briefs)
Nov 10, 2008 ... Byline: Valerie Block Another cable TV comic gets with print Like almost any comic with a following these days, Sarah Silverman is shopping a book. Hard on the heels of Tina Fey's $5 million deal with Little Brown, Ms. Silverman is looking to sell a collection of ...
In Brief.(Briefs)
Nov 10, 2008 ... After last week's disappointing sales, the art world is bracing for even worse showings this week at Christie's and Sotheby's contemporary art auctions. First up will be Sotheby's Tuesday evening sale, featuring 64 lots that are predicted to bring in between $203.3 million and $281.6 ...
Export Assistance.(Report: Growing a Business Guide)
Nov 10, 2008 ... The following agencies offer services for New York exporters seeking overseas business opportunities. Exporters wishing to expand can get an array of services, including trade counseling and advice, training and financial and marketing assistance. Empire State Development ...
Assistance for Women and Minorities.(Report: Growing a Business Guide)
Nov 10, 2008 ... These organizations offer programs, counseling, training and other services specific to women and minorities wishing to start or expand their businesses. Asian American Business Development Center Provides technical and professional support to help Asian American ...
Business Improvement Districts.(Report: Growing a Business Guide)
Nov 10, 2008 ... The BID program of the city's Department of Small Business Services provides sanitation and maintenance, public safety and visitor assistance, marketing and promotional programs, capital improvements and beautification to enhance local business conditions. The Bronx ...
HONESTY NOT BEST POLICY.(Business Lives)
Nov 10, 2008 ... Holding down two gigs is stressful, and not just because of the added hours. Many people have to keep their second jobs a secret. Their employers might forbid moonlighting outright or at least frown on it. Some experts say it's best to avoid the topic in any case. ...
In the Markets.(Briefs)
Nov 10, 2008 ... Byline: Erik Ipsen Bloodied News Corp. still has legs After a year off, Jack Bauer and the hit show 24 return to television in two weeks, but it will take more than an aging superhero to lift the sagging fortunes of Fox Television, much less those of its owner, News ...
Business Libraries.(Report: Growing a Business Guide)
Nov 10, 2008 ... Business owners can use area public libraries to conduct research into new markets and products. Brooklyn Public Library's Business Library Address: 280 Cadman Plaza West, Brooklyn, NY 11201 Contact: Maud Andrew, (718) 623-7000, ext. 1231 ...
Procurement Help.(Report: Growing a Business Guide)
Nov 10, 2008 ... The following local, state and federal agencies and organizations assist small businesses in obtaining government contracts by providing counseling, education and technical assistance. LaGuardia Community College Its Procurement Technical Assistance Center helps ...
Local Development Corporations.(Report: Growing a Business Guide)
Nov 10, 2008 ... Though their services vary widely, local development corporations promote economic growth throughout the city by helping businesses prepare loans, find real estate and deal with government agencies. These organizations also offer marketing support and energy analysis. The Bronx ...
FiOS entry fails to ignite price war; Cable rates to rise despite competition.(News)
Nov 10, 2008 ... Byline: Amanda Fung When verizon Communications Inc. started selling its FiOS TV service to residents in parts of the five boroughs in July, New Yorkers had a new choice for cable TV for the first time in decades. The duopoly held by Time Warner and Cablevision was dead, and ...
Advice and Education.(Report: Growing a Business Guide)
Nov 10, 2008 ... These organizations and agencies provide technical, managerial or financial advice and training to entrepreneurs interested in starting up or expanding their small businesses. Business Outreach Center Network Free services and resources for small businesses. The New ...
Small Business Development Centers.(Report: Growing a Business Guide)
Nov 10, 2008 ... Small business development centers provide business counseling, management assistance and training to New Yorkers who want to start a business or improve the performance of an existing business. Entrepreneurs can receive counseling and training to resolve organizational, financial, ...
Financial Assistance.(Report: Growing a Business Guide)
Nov 10, 2008 ... The following organizations provide financial assistance or incentives to small businesses that are expanding in or are relocating to the New York area. ACCION New York and New Jersey A community financial institution providing loans of up to $50,000 with flexible ...
Sources of Capital for Small Businesses.(Report: Growing a Business Guide)
Nov 10, 2008 ... Crain's editors drew upon recent stories and surveyed local organizations to develop a list of places for small businesses to turn for capital in an environment where many lenders are cutting back. Best bets include government aid programs. Microlenders New York ...
Utility Services.(Report: Growing a Business Guide)
Nov 10, 2008 ... The following is a list of companies that provide energy-related assistance, such as reductions in energy costs, to small businesses looking to expand or relocate within the five boroughs. Consolidated Edison Co. of New York Offers incentives to encourage business ...
Chambers of Commerce.(Report: Growing a Business Guide)
Nov 10, 2008 ... New York's chambers of commerce offer services, including financial help, networking opportunities and legislative initiatives. They are also a great resource for city government information. Brooklyn Chamber of Commerce A membership-based business assistance and ...