The Round-Up: Friday

Over several months, a 640-ton machine boring a tunnel for Long Island Rail Road trains 19 stories underground has made its way from Second Avenue and 63rd Street to the depths beneath Grand Central Terminal. [NY Times]

The Empire State Development Corporation declared the area of Manhattanville in the footprint of Columbia’s expansion blighted, paving the way for the state to use eminent domain to evict the two remaining property owners who have refused to sell to the University. [NY Times]

The Amagansett Farmers’ Market has been sold, and Eli Zabar will take the helm. [NY Times]

Starbucks plans to close 10 New York City locations, including six in Manhattan, by mid-2009, leaving only 225. [NY Times]

Foreign investment bankers descend on Dubai for business and pleasure. [NY Times]

The masterminds of a Craigslist apartment scam who allegedly bilked 4,000 apartment seekers out of almost $1 million were arrested. [NY Post]

Manhattan authorities have nabbed an "outlaw internet hotel mogul," who subletted apartments and hotel units and rented them to visitors without proper licensing. [NY Post]

EMI Records is on the hunt for smaller offices in New York City. [NY Post]

American 18 to 29-year-olds are most pessimistic about the nation’s financial outlook, survey finds. [NYDN]

Merrill Lynch’s exit from the World Trade Center negotiations throws construction deadlines further into doubt. [NY Sun]

Lincoln Center is looking for a donor to fund a $22 million new visitors’ center. [NY Sun]

The New York Giants will raise $371 million over the next year by charging fans personal-seat licenses, a one-time fee for season ticket holders. [Crain’s] The Round-Up: Friday