A new ferry service was born Monday, setting sail from Breezy Point, at the tip of the Rockaways, to Lower Manhattan, with a stop in Brooklyn. [NY Times]

Bargain hunting shoppers drove Walmart's quarterly profits up 22 percent. [NY Times]

Toll Brothers shares drop 30 percent in its second quarter. [NY Times]

The MTA is offering subway passengers with cell phones $25 to fill out a survey on their riding patterns. [NY Post]

Mayor Bloomberg and Senator Chuck Schumer came to blows over the West Side Rail Yards yesterday. [NY Post]

Taconic Investment Partners is giving one of the city's least popular office towers at 375 Pearl Street a $350 million makeover. [NY Post]

Chinese grocery stores in Flushing have had a surge in customers looking for bargains. [NYDN]

Following Manhattan's lead, the Bronx is getting its first public pay toilet. [NYDN]

The Federal Aviation Administration has authorized $25.2 million for a new control tower at Long Island's MacArthur Airport. [NYDN]

Ikea is launching a water-taxi from Lower Manhattan to its new branch that opens in Red Hook in June. [NY Sun]