Crain's New York Business articles from April 2008

Crain's New York Business archives from April 2008

Dish's deal includes naming rights; Landlord grants perk, believing that tenant could take more space in future.(Real Estate Report)
April 7, 2008... ***** Correction: The rug store slated to open at 75 Grand St. this year is called Halvai. The shop's name was misspelled in the April 7 "Real Estate Deals'' column. ***** Dish network corp., a satellite TV provider, is not only...

In search of a hit; Tribeca revamps to focus on being buyer-friendly, finding a breakout.(News)
April 7, 2008... Byline: MIRIAM KREININ SOUCCAR ***** Correction: Twenty-five of the 35 films sold at the Tribeca Film Festival last year were part of deals that included some U.S. theatrical distribution. The April 7 story "In search of a hit'' said...

Crane collapse puts focus on safety; Union contractors support new rules, training for trades.(Real Estate Report)
April 7, 2008... ***** Correction: CoStar's April 7 ranking of the firms with the highest volume of Manhattan commercial property sales in 2007 should have listed Cushman & Wakefield Inc. with 41 deals worth a total of $12.4 billion, a 939% one-year...

2 firms recruit at Bear; Preparing offers for bankers, analysts; layoffs within weeks.(News)
April 7, 2008... Byline: Aaron Elstein With resumes flying out of Bear Stearns Cos. at a furious pace, a few small brokerage houses are gearing up to take their pick of the litter. Jefferies Group Inc. and Stifel Nicolaus are looking to hire Bear...

Startups to see less cash as VC funding slows; IPOs, buyouts down; firms tighten belts; not looking for new investments.(News)
April 7, 2008... Byline: Amanda Fung Last month, Thumbplay, a New York startup that sells ring tones and other mobile phone entertainment, raised $18 million in venture capital. It's timing was good. As the economy sputters, the venture capital market...

Ballfields become new community rallying point; Residents' demands affect major projects.(Real Estate Report)
April 7, 2008... Byline: Wendy Davis The greenwich village Little League is turning participants away this spring. The reason: The 800-player league doesn't have enough ballfields at Pier 40, where it plays its games. The league has increased its...

Best of Bob Lape.(Business Lives)
April 7, 2008... More fare in the Lincoln Center area: Picholine 4 stars www.picholinenyc.com 35 W. 64th St. (between Broadway and Central Park West), Manhattan. (212) 724-8585. Terrance Brennan's temple of modern Mediterranean cuisine...

Harry's other sale; All eyes are on GM, but Macklowe's EOP buildings will set the market.(News)
April 7, 2008... Byline: Theresa Agovino Real estate insiders have been buzzing for weeks about how much Harry Macklowe will realize on the sale of the General Motors Building, hoping that the deal will give them insight into how the Manhattan office...

Rough ride for Coney Is. development; Astroland stays open as rezoning stalls; uncertain future for some projects.(Neighborhood Journal)
April 7, 2008... Bertha the hyper-elderly sand shark swam her final lap at the New York Aquarium last week, but just down the Coney Island boardwalk, life, surprisingly, goes on. Thanks to the city's stalled rezoning and redevelopment plans for the area, the...

At Deadline.(Late News)
April 7, 2008... Despite fears that the three-month strike by the Writers Guild of America would permanently hurt the city's film industry, New York is having a robust spring pilot season. Seven television pilots are filming at studios in the city--five of them...

News Corp. a better bet than papers suggest; Double-digit growth makes stock appealing; Dow Jones a mystery.(In the Markets)
April 7, 2008... Byline: Matthew Flamm For news corp., it was the same old story. In its most recent quarter, nearly every one of the international media giant's nine business segments produced double-digit growth in operating income. Oddly, the...

Half-price sale on Sotheby's shares fails to draw bidders on Wall Street.(In the Markets)
April 7, 2008... To put it artlessly, Sotheby's shares only look like a steal. Trading at barely nine times 2007 earnings, they're at their lowest multiple in years, having fallen 50% in six months. But investors are betting the credit crisis will slash global...

The Insider.(Briefs)
April 7, 2008... Byline: Erik Engquist and Matthew Sollars Modest health care reforms survive While legislators labored to complete work on their budget last week, health care reformers celebrated some modest changes that will move money from New...

Responsible and irresponsible.(Viewpoint)
April 7, 2008... Last week, state legislators and Gov. David Paterson labored to complete a budget that would increase spending by 4.5%--proud that they had pared back the original proposal because of economic storm clouds. Of course, Albany's budget has...

Less goes up; prices come down; Construction slowdown could spell end to skyrocketing costs.(Real Estate Report)
April 7, 2008... Byline: stan luxenberg The clouds gathering over development in New York City do have a silver lining: Soaring construction costs are showing signs of slowing. After skyrocketing at an annual rate of 12% for the past three years, total...

Digging ditches is so last year; Overseas volunteers now provide business expertise.(Business Lives)
April 7, 2008... Byline: SAMANTHA MARSHALL Volunteering overseas isn't what it used to be. Instead of handing out mosquito nets or digging ditches, Ernst & Young business consultant Xavier Madrid went to Santiago, Chile, to roll up his sleeves and teach a...

CONGESTION PRICING Gains & pains.(Briefs)
April 7, 2008... While Mayor Michael Bloomberg struggles to convince the state Legislature to give the go-ahead for congestion pricing, the tough fight to win approval in the City Council anointed winners and penalized losers. The scorecard: WINNERS ...

Big bankers chase small M&A deals; Even midsize pool is crowded as megamergers become memories.(News)
April 7, 2008... Byline: Aaron Elstein In the cohen family's 80 years in the eyewear business, about the closest it ever came to Wall Street was the Lower East Side, where Jack Cohen started out, selling spectacles from a pushcart. But that changed...

Spring forward.(Business Lives)
April 7, 2008... Byline: adrianne pasquarelli The birds are singing, the flowers are blooming--and closets are overflowing. Warm weather has finally arrived, so it's time for serious spring-cleaning. These shops and organizations offer clutter relief. ...

LOOKING FOR A FEW GOOD LEADERS; midcareer program.(News)
April 7, 2008... The Coro New York Leadership Center is now accepting applications for Leadership New York, its midcareer leadership program. Leadership New York seeks civic-minded candidates from the private, public and nonprofit sectors who are committed to...

Health gets a sexy slant; Exec with knack for finding hits, building business will pep up Rodale's books unit.(Business Lives)
April 7, 2008... Byline: Matthew Flamm Coming straight from the literary publisher Bloomsbury USA, Karen Rinaldi might seem to be an odd choice to fill the new position of publishing director of Rodale Books. The books division of Rodale Inc., which...

Credit crunch slows hotelier's juggernaut; Sam Chang scrambles to finish projects in pipeline.(News)
April 7, 2008... Byline: Lisa Fickenscher New york city's largest yet least-known hotel developer is hitting the brakes. Sam Chang--who has built or is building so many hotels that he has to grab a scrap of paper to calculate the exact number when a...

Real estate and more at www.crainsnewyork.com.(Real Estate Report)
April 7, 2008... Tuesday e-mail Sign up today for Crain's Real Estate Insider, a weekly e-mail newsletter featuring the latest deals, events and personnel moves in one of the hottest industries. To register, go to www.crainsnewyork.com/signup. Breaking...

Should the city take away MSG's tax exemption since it abandoned the proposed Moynihan Station? CRAIN'S ONLINE POLL.(Viewpoint)
April 7, 2008... Almost three-quarters of the 384 respondents think Madison Square Garden should be punished for choosing to renovate rather than move--because owner James Dolan has a history of snubbing New Yorkers, or because a penalty might restart...

Executive Moves.(Business Lives)
April 7, 2008... Byline: sarah studley accounting & consulting ALaS: Erik DiGiacomo, 38, was named managing director and vice president of global diversity services. He was formerly first vice president, security operations manager at Washington Mutual...

A must-see movie that's hard to watch.(Viewpoint)
April 7, 2008... Byline: Valerie Block We've all seen the pictures and recoiled. We're all sure that what happened in Abu Ghraib was tragic. But such knowledge can't prepare us for the feelings of shame and revulsion that come over us when watching...

Banker to run St. Francis College; New president plans to keep enrollment on upswing; expertise will help raise funds.(News)
April 7, 2008... Byline: Kira Bindrim Brendan dugan knows numbers. But when the banking veteran takes over as president of Brooklyn's St. Francis College on July 1, he'll have to convert that knowledge from profit margins and market share to applications...

Banking bear turns decidedly bullish; Among first to call crisis, Richard Bove now says worst is over for financials.(News)
April 7, 2008... Byline: Andrew Osterland Richard bove was one of the first equity analysts to argue that subprime mortgages would cause a banking crisis. He's now one of the first to call a bottom for banking stocks. With the range of actions taken by...

CLOSE TO HOME.(Business Lives)
April 7, 2008... Overseas organizations aren't the only beneficiaries of corporate pro bono programs. Professionals are coming to the aid of struggling NGOs right here at home. Former Deloitte & Touche senior manager Ingrid Floyd, 33, was a member of the...

New York, New York.(Briefs)
April 7, 2008... Byline: Lisa Fickenscher French chef cooks up new designs Foodies will be deprived of dining at two Daniel Boulud restaurants that are closing this summer for renovations. Daniel (below) will be shuttered in August, when everything...

Crime spike brings worry; Robbery, homicides up from last year; impact on city's economy at issue.(News)
April 7, 2008... Byline: Daniel Massey First came the mortgage crisis. Then the announcements of Wall Street layoffs. Now, in what could be another blow to the city's economy, comes a report that major crime skyrocketed in the first quarter of this year....

Incubator tenants prosper by design; Facility offers cheap rent and peer support, but Queens location is surprisingly tough sell.(Small Business)
April 7, 2008... Byline: Ernest Beck Any good entrepreneur must be able to quickly convert opportunities into advances. Glass designer Andrew Hughes demonstrated that ability nearly two years ago. After landing a lucrative glass-blowing role in a Michelob...

Paterson Watch.(Briefs)
April 7, 2008... Gov. David Paterson has gained a few degrees on the guv-o-meter since its debut last week. Call it addition by subtraction: A slew of Spitzer administration officials resigned, clearing the way for Mr. Paterson to bring in more of his own team....

The Weeks Ahead.(Business Lives)
April 7, 2008... Byline: adrianne pasquarelli this week's events April 8 Asian Women in Business holds workshop on financing and insurance. 6 p.m. to 8 p.m., Microsoft, 1290 Sixth Ave., sixth floor. Fee: $15 members, $25 nonmembers. (212) 868-1368...

WEEK IN REVIEW: In the Garden of Dolan.(Briefs)
April 7, 2008... Byline: from staff reports and bloomberg news reports MADISON SQUARE GARDEN officials unveiled details of the arena's $500 million top-to-bottom renovation, to be paid for entirely by MSG owner CABLEVISION SYSTEMS CORP. The renovations are...

Traffic plan pared in effort to save it; Fees would pay for small improvements; back to a pilot.(News)
April 7, 2008... Byline: Erik Engquist Last-ditch efforts to save congestion pricing focus on making it a temporary measure that would fund short-term transit improvements rather than major projects like the Second Avenue subway. The Legislature must...

Throngs love new bar belle; Boulud's latest offers top-notch charcuterie, deep list of wines; bring a shoehorn.(Business Lives)
April 7, 2008... Daniel boulud insists that his new Bar Boulud near Lincoln Center isn't finished. He hopes to organize a rear table for serious wine tastings. It won't be easy. The place is a smash hit, and there's no extra space to put anything or...

Hot Jobs.(Business Lives)
April 7, 2008... Byline: andrew buck WANTED: online Managing Editor publication Women's Wear Daily, a unit of Conde Nast JOB DESCRIPTION Responsible for overseeing all content on WWD.com and a staff of five MOST IMPORTANT TASKS Managing...

Executive Moves.(Business Lives)
April 14, 2008... Byline: sarah studley Accounting & Consulting BDO Consulting Corporate Advisors: Bill Lenhart, 52, was promoted to president and continues as national director of business restructuring services at BDO Consulting. Mahoney Cohen &...

The magic words: It's covered; 7 tips for getting the right insurance.
April 14, 2008... Byline: Tina Traster Surviving in business takes more than a good product and astute management. It takes solid, reliable insurance coverage. But figuring exactly out how much and what kind of coverage is required--and paying for...

Shortageof CPAs squeezes firms; Small companies must pay more for accountants; software fills gaps.(Small Business Report)
April 14, 2008... Byline: Tina Traster Small is anything but beautiful for accountants these days. Surging demand in recent years has spurred many to leave relatively low-paid posts at small companies and certified public accountant firms for larger ones....

Italian team hits East Side; Accademia di Vino uses winning recipe of small plates, many wines; lots of noise.(Business Lives)
April 14, 2008... It's a mouthful, and it's not a school, but Accademia di Vino is a welcoming repository of delicious Italian food and wine. Tasty small plates, for the most part, and hundreds of wines surround guests in an exciting, wine cellar-like setting....

One-time budget pass for new guv.(Viewpoint)(governor)(Viewpoint essay)
April 14, 2008... Byline: Alair Townsend I admit it. I'm a sucker for people with good memories, who can spout details from some reserve of buried brain treasure. On that score alone, I was dazzled by Gov. David Paterson's speech last week to the...

Music without labels; Acts known and obscure turn to digital startups.(News)
April 14, 2008... Byline: Samantha Marshall Who needs big record labels? Not U2 and Jay-Z, who left their companies in the past two weeks to sign on with Live Nation. Madonna, Radiohead and Nine Inch Nails have also voted with their feet. Even emerging...

The Weeks Ahead.(Calendar/Datebook)
April 14, 2008... Byline: adrianne pasquarelli this week's events april 15 Crain's New York Business holds networking breakfast and program with Anthony Coscia, chairman of the Port Authority. 8 a.m. to 9:30 a.m., Hilton New York, 1335 Sixth Ave....

Firms take bankruptcy to the bank; Start practices, poach rainmakers to rack up millions in fees as filings soar.(News)
April 14, 2008... Byline: Hilary Potkewitz Bankruptcy is back. After seven extraordinarily dry years for the specialty, law firms across the city are gearing up to handle an expected deluge of corporate casualties triggered by the credit crisis and the...

At Deadline.(News)
April 14, 2008... Andre Balazs sold Hotel QT at 125 W. 45th St. to a Spanish hotel company called Room Mate Hotels, which owns chic budget properties mostly in Spain. Financial terms of the deal were not disclosed. However, Mr. Balazs has abandoned a plan to...

WEEK IN REVIEW: CBS cutting Couric?(Briefs)
April 14, 2008... Byline: from staff reports and bloomberg news reports Following two years of low ratings, CBS News reportedly is considering dropping Evening News anchor Katie Couric before her contract expires in 2011. Ms. Couric, whose $75 million...

Yahoo-AOL deal would be savior for Time Warner; Chances of merger are remote; without one, stock should be avoided.(In the Markets)
April 14, 2008... Byline: Amanda Fung A merger between AOL and Yahoo Inc. would allow Yahoo to escape the clutches of Microsoft, but the big winner in such a deal is likely to be Time Warner. Analysts say a deal might help settle Time Warner's...

A $5 billion loss? Not bad; Some view Citi's halving of loss a good start; execs say write-downs covered.(News)
April 14, 2008... Byline: Aaron Elstein A $5 billion loss is typically not the sort of thing that makes investors stand up and applaud. But as Citigroup Inc. prepares to report a first-quarter loss of that magnitude this week, a few analysts say that there...

AOL experience ads up; Mission is to unify cultures, make a one- stop shop for buying, selling online ads.(Business Lives)
April 14, 2008... Byline: Amanda Fung Maintaining a successful career and being a good mother to her two kids are equally important to longtime AOL executive Lynda Clarizio. "I remember sitting in a kindergarten classroom closet to take a conference...

These businesses welcome the recession; Job advisers, grocers expect sales to jump; some worry about trading down.(News)
April 14, 2008... Byline: Daniel Massey Workers on wall street are worried they could lose their jobs. Builders are concerned there will be no buyers for the condominiums rising into the city sky. And restaurant managers are pondering cutbacks as regulars...

Designer creates variety of hits with heavy metal.(Small Business Report)
April 14, 2008... Robert ferraroni started his own metalworking business fresh out of Pratt Institute 17 years ago. Since then, his company, unlike many other art-based businesses, has flourished. He attributes the success of Ferra Designs to hard work, a good...

Best of Bob Lape.(Business Lives)
April 14, 2008... Following are other informal Italian neighborhood hits. Valbella (3) www.valbellany.com 421 W. 13th St. (between Ninth Avenue and Washington Street), Manhattan. (212) 645-7777. A dramatic debut in the meatpacking district for...

Face-off along 125th Street; Rezoning battle: gentrification fears vs. economic gains.(News)
April 14, 2008... Byline: Theresa Agovino The bloomberg administration has an impressive record on land use planning. All 80 of the rezoning plans it has presented to the City Council--including some that were highly controversial--have won approval. ...

THE FINISH LINE Do not pass go.(Briefs)
April 14, 2008... The death of the mayor's congestion pricing plan has reordered the winners and losers in the long debate, and some who were winners after the City Council voted in favor of the proposal late last month now find themselves with egg on their...

Booked up.(Kensington Publishing)(Brief article)
April 14, 2008... Byline: adrianne pasquarelli Candace Sandy, 38, works as the communications director for Rep. Gregory Meeks, a Democrat from Queens. But in her off hours, Ms. Sandy runs the Souls of My Sisters book imprint she launched at Kensington...

Swedish minister rings Nasdaq's bell, but exchange's shares fail to awaken.(In the Markets)
April 14, 2008... Byline: Erik Ipsen Sweden's minister for financial markets rang the bell at the Nasdaq on Friday. But neither that act nor the market's recent absorption of big Scandinavian exchange OMX are ringing investors' bells these days. Even a...

Seeking employee nominations.(News)
April 14, 2008... Do you work for one of the 25 best companies in New York City? If you think you do, nominate your company for Crain's New York Business' inaugural Best Places to Work competition. Anyone can nominate company or get more information by...

A new Harlem renaissance.(Viewpoint)
April 14, 2008... The city council could vote as early as this week on a proposal to rezone 125th Street, and one number should guide members' debate: $27,600, the best estimate of the median household income in Harlem. What's crucial about the number is that it...

Runner-maker races ahead.(Original Runners Co.)
April 14, 2008... Social worker Julie Goldman wanted everything in her wedding to be perfect--including the aisle runners. "But the only runners available were made of very cheap, white, gauzy paper,'' she says. Instead, she made her own by fusing fabric to a...

Cash giveaway props up Queens shops; Owner of Atlas Park creates own stimulus package; will traffic outlast promotion?(Neighborhood Journal)
April 14, 2008... Two years after it opened, a sophisticated mall in the heart of working-class Glendale, Queens, is struggling to draw the hordes of shoppers that its developers envisioned. To lure more traffic to The Shops at Atlas Park, the owner is offering...

The Insider.
April 14, 2008... Byline: Erik Engquist and Matthew Sollars Business tax hikes hit $500 million Politicians in Albany are downplaying the impact of new taxes on business in the budget adopted last week. Business groups tell a much different story. ...

SEEKING TOP ENTREPRENEURS IN NYC; Small Business Awards.(Small Business Report)(Awards list)
April 14, 2008... Crain's New York Business seeks nominations for its 13th annual Small Business Awards. The six winners will have distinguished themselves by showing a pattern of growth in their businesses and by contributing to the quality of life in their...

AN INDEPENDENT SPIN.(Business Lives)
April 14, 2008... No industry has been more battered by digital technology than the music business. But A&R executive Jason Mazur was already poised to move on when his label, TVT Records, ran into trouble at the end of 2007. Two years earlier, he had...

City taking tougher stand with cable TV providers; Cablevision, Time Warner expected to make concessions.(News)
April 14, 2008... Byline: Amanda Fung For more than a decade, New Yorkers have had to put up with inadequate cable TV service--occasional outages, poor customer service and delayed repairs. Now that the 10-year franchise agreements with New York's two...

HISPANIC STATIONS ON A ROLL.(News)
April 14, 2008... Mainstream broadcasters are struggling to grow amid falling ratings and an economic downturn. But Hispanic radio and television stations are finally on the rise. "We are outpacing the general market,'' says Jackie Bird, chief executive of...

Media vets plot 2nd act; Pink-slipped pros search souls, tweak skill sets.(Barncat Publishing Inc)
April 14, 2008... Byline: MATTHEW FLAMM Two years ago, when Jami Bernard's contract at the Daily News expired and was not renewed, the veteran film critic could see her career's final scenes playing out. "Things had been going in a bad direction for...

Lavish upgrades liven up lobbies; Older buildings add latest amenities to improve marketability.
April 14, 2008... Byline: Judith Messina Until recently, the lobby of the apartment building at 45 E. 72nd St. featured, among other things, a credenza held together with tape. That, and the lobby's outdated appearance, prompted the co-op board to give it a...

El shock jock lifts WCAA radio; Morning-show surge expands Spanish-language audience.(News)
April 14, 2008... Byline: Matthew Flamm The onetime king of morning radio is back, and his name is not Howard Stern. Luis Jimenez (left), the former star of top-rated El Vacilon de la Ma[currency]ana on WSKQ-FM, has knocked his old show off its...

AMIR LEVIN IN BRIEF.(Small Business Report)
April 14, 2008... Born 1975 in Tampa, Fla. Education B.B.A. from University of Georgia, 1996 M.B.A. from Bar Ilan University, Israel, 1999 Work experience Commercial real estate sales for family firm in Atlanta and New York as well as for an...

EXPERT WEIGHS IN ON AMIR.(Small Business Report)
April 14, 2008... Edward Rogoff, academic director of the Lawrence N. Field Center for Entrepreneurship and Small Business at Baruch College Amir Levin's drive is typical of many fledgling entrepreneurs. What sets him apart are his financial resources,...

NY voters like Paterson but want options; Little fallout from scandals; rivals would offer strong challenges in 2010.(News)
April 14, 2008... Byline: Erik Engquist New yorkers are generally supportive of new Gov. David Paterson, who appears to be undamaged by revelations about his personal life. But they are far from convinced that they want to keep him, according to a poll...

Hot Jobs.(Business Lives)
April 14, 2008... Byline: andrew buck WANTED: Executive director Organization Dumbo Improvement District JOB DESCRIPTION Advocate and raise funds for Dumbo and act as a liaison with local businesses MOST IMPORTANT TASKS Support the improvement...

JOSEPH GASPARINO, product designer.(Small Business Report)
April 14, 2008... Product designer Joseph Gasparino has a soft spot in his heart for startups. When Amir Levin asked him to transform the barest outlines of a concept into a three-dimensional, child-safe product, the designer agreed to charge half the rate he...

Dressed-up SoHo address draws new tenants; Multimillion-dollar renovation lures Dolce & Gabbana, architect Callison.(Real Estate)
April 14, 2008... The $20 million renovation under way at 148 Lafayette St. is paying off. Two new tenants signed leases for a total of 74,000 square feet at the building, between Howard and Grand streets in SoHo. Dolce & Gabbana, which inked a 15-year lease...

How can I enhance my seder?(Business Lives)
April 14, 2008... Most families have two seders for Passover. In order to make the second night different, try using a new Haggadah, like one that focuses on Darfur. Try to integrate elements that reflect larger themes, like freedom. Also, prepare special...

New York, New York.(Bonhams & Butterfields)
April 14, 2008... Byline: edited by Valerie Block Designer shops for partner Famed fashion designer Nanette Lepore (left) is looking for a Daddy Warbucks to help expand her business, sources in the investment community say. Ms. Lepore is said to be...

Chronicle of a quick success; Start with a good idea, add cash, good connections and drive, and watch out.
April 14, 2008... Byline: Cara S. Trager One year ago, 32-year-old Amir Levin walked away from a trade show in Orlando, Fla., with orders from some of the nation's largest retailers for a product he had yet to produce--and had conceived of only 18 months...

WHO IS TO BLAME FOR CONGESTION PRICING'S FAILURE? CRAIN'S ONLINE POLL.(Viewpoint)
April 14, 2008... More than half of the 451 respondents point the finger at Sheldon Silver, saying his failure to take congestion pricing to a vote killed it. But 16% say the mayor's campaign for the proposal wasn't effective, and 3% say the newly installed...

Corrections.(Correction notice)
April 14, 2008... The rug store slated to open at 75 Grand St. this year is called Halvai. The shop's name was misspelled in the April 7 "Real Estate Deals'' column. Twenty-five of the 35 films sold at the Tribeca Film Festival last year were part of deals...

Guv-O-Meter.(Briefs)
April 14, 2008... The scorecard in Albany reads Legislature 1, David Paterson 0 after the accidental governor caved to spendthrift lawmakers in his first state budget. Upon agreeing to the deal--which hikes spending 4.9%, to $121.7 billion, in the face of a...

Tuning in public radio; WNYC's high-volume agenda means its new COO must hit the ground running.(Business Lives)
April 21, 2008... Byline: Miriam Kreinin Souccar Next monday, WNYC Radio will leave its cramped, run-down home of 84 years in the Manhattan Municipal Building for 71,900 square feet in a swanky space on Varick Street. The public radio station is also...

Rumors of Ambac's demise prove premature as bond insurer hangs on.(In the Markets)
April 21, 2008... Ambac Financial caught a rare tailwind last week. Its shares soared 12% as rival bond insurer MGIC posted a first-quarter loss less murderous than anticipated. This week, Ambac is expected to reveal its second big quarterly loss in a row,...