By Daniel Geiger 10/10/12 11:32am

Big Data

Dave Sabey

Enter the Matrix: High-Tech, High-Rise Data Farm Puts Down Roots in Lower Manhattan

Perhaps in the future, silver-legged secretaries will answer the phones, stainless-steel fingers will clack away at keyboards, and Manhattan’s workforce will have been completely supplanted by robotic counterparts who work faster, smarter, longer and cheaper than their human predecessors.

For now, though, most buildings are still stocked with actual flesh-and-blood employees who take long breaks, complain and sometimes confuse their assigned tasks with internet shopping.

The property at 375 Pearl Street, a towering skyscraper in Lower Manhattan at the foot of the Brooklyn Bridge, won’t be one of them. After buying the building out of foreclosure last year, its developer is taking a brave leap into the future. Read More

By Patrick Clark 7/27/12 7:48am

Morning Read

DoJ Said to Prep Libor Charges Against Multiple Banks; Eddie Lambert Moved Hedge Fund to Florida, Left Staff Behind: Roundup

Libor-ated: U.S. prosecutors are preparing to file criminal charges this fall in the Libor-rigging scandal, and employees at more than one bank are said to be implicated, Bloomberg reports. (Earlier in the week, John Carney looked at what types of criminal charges might be filed, and writes that decades-long sentences could Read More

By Mike Taylor 12/30/10 12:22pm

Wall Street

Morning Roundup: The Prodigal Loan

  • When people say they’re mad at all the banks for not lending to businesses and getting the economy going again, you can tell them they’re crazy, because commercial and industrial lending rose by a whopping 0.2 percent in the fourth quarter. [WSJ]
  • Aggressive cost-cutting by the airline industry worked out okay Read More

By Mike Taylor 11/22/10 1:19pm

Wall Street

Morning Roundup: Probes for the Holidays

  • The Feds are wrapping up a three-year project aimed at cracking down on insider trading. Some of the biggest names in finance (Goldman Sachs, SAC, Janus) are being bandied about, as are the following phrases: Criminal and civil; three-year investigation; bankers; hedge funds; analysts. This should be a lot of fun to watch. Read More