Earlier this month, City Comptroller Alan Hevesi tried to put a
number on the economic fallout from the World Trade Center attack, releasing a
report that estimated the loss at somewhere between $90 billion and $105
billion over the next two fiscal years. Of that, $45 billion was for the loss
of the buildings and Read More
The ringing of the opening bell at the New York Stock Exchange on Sept. 17 not only announced the resumption of trading in the post-World Trade Center world–it also marked the successful completion of a massive attempt to restore the infrastructure of downtown Manhattan so business, if not life itself, could return to normal.
In Read More
Celebrity bell-ringers have become as essential to the life of stock exchanges as light blue coats and puzzling hand signs. The New York Stock Exchange started the trend of inviting guests to open trading in the 1980′s, when Wall Street’s stars and the corporate chiefs they supported gained national renown. Over the years, the NYSE Read More
Forrest Smith and Kimberly Farkas Smith have a grand scheme. They know that New Yorkers love steak. But they think the city is underserviced by the existing crop of snooty, expensive steakhouses. New Yorkers want beef, big heaping chunks of it, the Smiths believe, but they want it for cheap.
So here’s what the Smiths Read More
As if anyone needed reminding, Wall Street stinks right now. Revenues are in the gutter; the Nasdaq, once your pot of retirement gold, has dwindled down to just a pot; with every swing of the ax, more and more of your floormates are spending their days pecking around on Hotjobs.com.
If you haven’t been called Read More
Bear, Stearns and Company has built a new corporate headquarters ready for the worst New York has to offer.
Its new 45-story corporate tower at 383 Madison Avenue, set to open in October, is equipped to continue operating even after the lights go out, the water shuts off and the steam stops flowing.
At Read More
With the fall of the Berlin Wall, Ronald Lauder looked east and saw “business opportunity” scrolling across the TV screens of every nation in the Eastern bloc. Oh, to be there first and grab it all, as state-run media fell into the hands of the private sector and glasnost , the free exchange of ideas, Read More
If the Guardian Angels celebrating their 22nd anniversary at
Tavern on the Green wasn’t an incongruous enough sight, there were the four
famous New Yorkers, from wildly disparate walks of public life, standing on the
small stage in the restaurant’s back room at the event’s climax. None of them
knew each other, but all four Read More
Two days before what threatened to be the biggest Memorial Day box-office weekend ever-bigger than the same four days in 1997 that included the $90 million opener for The Lost World: Jurassic Park-Christopher Dixon was sussing out the film studios’ offerings.
There was Pearl Harbor: too violent, maybe, for the repeat viewings of that crucial Read More
Carl Icahn is a very funny guy. Seriously.
Just ask anyone who was present at the Tomorrow’s Children’s Fund Investment Conference in the late afternoon on Wednesday, May 9, where the legendary arbitrageur and raider slayed the crowd in the Grand Hyatt ballroom. A few hundred suits had gathered there to pick up stock tips Read More
