Crime and Punishment
It was the end of February, we had done zilch to commemorate Black History Month, and something told us that watching four hours of RuPaul’s Drag Race reruns didn’t quite suffice. Read More
Mergers and Acquisitions
Today, the Manhattan D.A.’s office indicted Donald Russo and Bar Electrical Consulting, Inc. for their alleged role in a construction bribery scheme. The indictments follow a three-year investigation into bribery and fraud in the electrical contracting industry that has resulted in charges being brought against more than 15 companies and 17 individuals, some of whom have already pleaded guilty.
Mr. Russo allegedly engaged in a bribery scheme that steered millions of dollars of business from Unity Electrical Company, of which he was the purchasing agent, to electrical supply companies. He created Bar Electrical as a shell company to accept the bribes, according to the D.A.’s office. Mr. Russo and Bar Electrical have been charged with grand larceny in the second degree, falsifying business records in the first degree, offering a false instrument for filing in the first degree, criminal tax fraud in the fourth degree and commercial bribe receiving in the second degree.
Vox Media is reportedly buying online media company Curbed.com L.L.C., and the two companies are already celebrating in style – over fried chicken and pork buns.
The New York Times broke word yesterday that the digital media company would acquire Curbed and its three web publications, which report on real estate, dining and Read More
Variety reports out an interesting take on the record-breaking sales of Harry Potter and the Deathly Hallows:
While the book and movie businesses are structured very differently, dollars the franchise generated domestically this weekend for its creator and distributor surpass what a studio might take in for a hit tentpole. Publishers typically sell books Read More
"It's a madhouse here." So quoth a flack at Scholastic, the publishers of the eagerly awaited Harry Potter and the Deathly Hallows, the seventh and final book in the series by J.K. Rowling.
With three days, six hours, 26 minutes, and 12 seconds until the book goes on sale in bookstores midnight on Friday night, Read More
Fast Retailing Inc., the Japanese retail giant that owns the UNIQLO chain of cheap-chic clothing stores and which put together a $900 million bid to buy Barneys New York from the Jones Apparel Group, downgraded its forecast for the third time this business year.
According to Reuters:
Having built up an empire of more Read More
WWD is reporting that two investment firms from the Middle East could drive the bidding for Barneys as high as $1.8 billion. We're not so familiar with the Qatar Investment Authority, but the other, Istithmar (a royal-family owned firm from Dubai) has been all over New York lately.
In April 2006, it acquired Six Read More