Crain's New York Business articles from July 2003

Crain's New York Business archives from July 2003

Many more workers, more expensive care.(2003 Market Facts)(health care employment)(Brief Article)
July 7, 2003... The good news in health care is employment. The bad news is almost everything else. The number of health care-related jobs in the city increased in the first quarter, after a full year of gains in 2002. In the future, demand for dental...

Lions lead the pack; teacher salaries stall.(2003 Market Facts)(College enrollment up, tuition costs increase)(Brief Article)
July 7, 2003... The good news in the education sector comes from colleges and universities in the city. Enrollment is rising even as tuition costs increase. In the last school year, Columbia University lured more than 6,200 full-time undergrad students, who...

Jobs increase; tax collections dive.(2003 Market Facts)(tax revenues fall 6.5% in fiscal 2002)(Brief Article)
July 7, 2003... Locally, the number of government jobs grew slightly last year, with city government positions posting the biggest gains. The impact of the recession was felt deeply in the city, where tax revenues declined 6.5% during fiscal 2002, versus a...

Broadway pans new ticket options; While struggling to fill their seats, producers resist innovations successful in other cities.(News)(New York City theater)
July 7, 2003... Byline: miriam kreinin souccar At the Goodman Theatre in Chicago, all unsold mezzanine seats go on sale at the box office an hour before the show. In San Diego, half-price tickets can be bought online the afternoon of the performance. In...

At Deadline.(Late News)(Grand Central Terminal's retail facility)
July 7, 2003... Grand Central taxi spot turned into 3 cafes the taxi stand on vanderbilt Avenue at Grand Central Terminal, closed since the Sept. 11 terrorist attacks, will be converted to three outdoor cafes this month, according to sources. The...

New York, New York.(Briefs)(Learning Channel's film on CEOs)
July 7, 2003... Byline: Buck Ennis Trading places Jonathan Tisch, chief executive of Loews Hotels, may know the hotel business inside and out. But he learned a few new things last month when he donned the uniforms of a bellboy, waiter, housekeeping...

NY entrepreneurs come back into favor.(2003 Market Facts)(small businesses improving)(Brief Article)
July 7, 2003... The picture for small business brightened somewhat last year. The volume of loans guaranteed by the U.S. Small Business Administration picked up in the final quarter of fiscal 2002, climbing to 388 loans worth $64.9 million. Lending levels...

FIRE sale: renting office space for less.(2003 Market Facts)(New York real estate market)(Brief Article)
July 7, 2003... The economic virus hit the New York real estate market with full force during the past year. Asking rents for midtown office space in the first quarter of this year averaged only $52.26, compared with a peak price of $56.56 at the end of 2000....

Drug crackdown; Hospitals take steps to control soaring pharmaceutical costs.(News)(18-hospital network's drug costs rise 8% to 10% annually)
July 7, 2003... Byline: mary sisson North Shore-Long Island Jewish Health System had paid enough. For three years, the 18-hospital network had seen its drug costs increase 8% to 10% annually, or more than $10 million. So two months ago, North...

Job numbers reveal a changing city.(2003 Market Facts)(Unemployment rates rising in NYC)(Brief Article)
July 7, 2003... Jobs were hard to come by last year. Unemployment rates continued to climb in all five boroughs, although Manhattan was the only one in which the jobless rate exceeded the 1997 level. Altogether, 23,600 fewer city residents were employed in...

Firms need new, improved formula.(2003 Market Facts)(Local tech companies)(Brief Article)
July 7, 2003... New York's efforts to become a technology powerhouse faltered badly last year. Local tech companies had trouble raising money and keeping their stock prices afloat. While the pool of venture capital funding shrank all over the nation, local...

Reprints from Crain's.(Briefs)(Brief Article)
July 7, 2003... Crain's new york business offers reprints of the articles it publishes. For an estimate, please contact Erica Montgomery at Reprint Management Services, (717) 399-1900, ext. 142, or emonty@rmsreprints.com. Readers wishing to make their own...

Legal Aid reconvening in new downtown HQ; Pending office deal brings together staff that was splintered after 9/11.(News)(Legal Aid Society's new home)
July 7, 2003... Byline: lore croghan Nearly two years after the Legal Aid Society was driven out of downtown by the Sept. 11 terrorist attack, the organization is close to finalizing a lease for a big office in the neighborhood, where it will rebuild its...

NY firms line up for big boosts in dividends; Satisfying investors and employees.(News)(Goldman Sachs Group to raise quarterly dividend)
July 7, 2003... Byline: aaron elstein A number of New York's best-known companies are expected to raise or initiate dividend payouts in the coming months, thanks to tax law changes and pressure from shareholders to just show them the money after years of...

Weak global economy pares trade, tourism.(2003 Market Facts)(drop in shipping through New York and New Jersey ports)(Brief Article)
July 7, 2003... The impact of the worldwide economic downturn was evident in the decline in shipping through New York and New Jersey ports last year. Total tonnage was down nearly 5% from the 2001 level, although the region's share of North Atlantic traffic...

Fraud fears add up for accountants; Midsize firms grab projects from Big 4 as scandals, Sarbanes shift forensic work.(News)(accounting firms gain with scandals)
July 7, 2003... Byline: tommy fernandez With scandals at Enron, WorldCom and other corporate rogues tarnishing the reputations of the giant accounting firms that served them, smaller rivals have found a way to take a bite out of the Big Four's business:...

Government Alert: Companies move to nail down contract; Eye street furniture project; mayor to rule on armory.(Briefs)(NYC street furniture contract)(Brief Article)
July 7, 2003... Companies are lining up to bid for the city's street furniture contract even as Mayor Michael Bloomberg and the City Council continue to wrangle over the terms of the franchise. Cemusa, a Spanish firm that operates in 110 cities...

2002 is a better year, but far from boffo.(2003 Market Facts)(tourism and entertainment industries)(Brief Article)
July 7, 2003... Last year was no blockbuster for the tourism and entertainment industries, but neither was it a repeat of the 2001 flop. It is unclear when the record figures posted in 1999 and 2000 will be reached again. Roughly 1% more visitors came to the...

Seeking info on top leases; costar office deals.(Real Estate)(largest office leasing deals in Manhattan)(Brief Article)
July 7, 2003... Costar group inc. is compiling information for its list of the largest office leasing deals in Manhattan during the first six months of 2003, to be published in Crain's New York Business on Aug. 4. Brokers and others with information on...

The Best of Bob Lape.(Dining/Restaurant Review)(Restaurant Review)
July 7, 2003... Byline: bob lape Thalassa (2 1/2) 179 Franklin St. (between Hudson and Greenwich streets), Manhattan. (212) 941-7661. A great design converts a former cheese warehouse into a gorgeous modern Greek restaurant with a sea-and-seafood...

[umlaut]Habla espanol? Si, si; weary straphangers.(2003 Market Facts)(heavy immigration of Hispanics)(Brief Article)
July 7, 2003... The face of New York continues to change amid heavy immigration. Hispanics now make up nearly 30% of the city's population. The Caribbean is the homeland of 30% of foreign-born city residents, and South and Central America account for another...

Fewer PATH riders; buses more popular.(2003 Market Facts)(Transportation statistics for NYC)(Brief Article)
July 7, 2003... Transportation statistics for the city show the aftereffects of Sept. 11 and the ruptured economy. PATH ridership plummeted more than 25% last year, and New Jersey Transit experienced a 2% decline in passenger traffic. Some of those riders may...

Declining jobs, wages bring mighty to knees.(2003 Market Facts)(U.S. securities jobs drop in New York)(Brief Article)
July 7, 2003... With the number of jobs dropping by 10%, 2002 was a humbling year for Wall Street firms. Adding insult to injury, the percentage of U.S. securities jobs in New York state fell by nearly a percentage point, to 23.6%, continuing a long, steady...

City fails to meet expectations in 2002.(2003 Market Facts)(wages for New York City residents fall 2%)(Brief Article)
July 7, 2003... The economic situation did not improve last year, as many analysts had predicted. In almost all sectors, the news only got worse. Wages for New York City residents declined by nearly 2%, and the annual unemployment rate reached an...

Lifetime TV losing its sex appeal; Cable net drops to 3rd as women move to reality TV; new shows planned.(News)(Lifetime's 2003 ad revenues drop to $615.7 mn )
July 7, 2003... Byline: anita jain Lifetime Television is betting that a psychic and an FBI agent can divine a powerful future for the women's cable network. Not part of a wacky new management team, the female duo are the main characters in an...

Adding stops on NY's Greek odyssey; Astoria, Queens, boasts Christos for steak lovers, Central for mod squads.(Dining/Restaurant Review)(new Greek restaurants in Manhattan)
July 7, 2003... Byline: bob lape New Greek restaurants are flowering in and around Manhattan. Month-old Ethos in Murray Hill joins the year's earlier notable openings of Thalassa in TriBeCa and Pelagos on the Upper West Side. All three are seafood...

The great Kate Hepburn was perennially fascinating.(Opinion)(Katharine Houghton Hepburn dies)
July 7, 2003... Byline: James Brady At the wrought-iron gate of the townhouse at 244 E. 49th St. last Monday, a votive light burned, and perhaps a dozen small bouquets were neatly placed before the black-lacquered front door. One of the floral...

Downtown developer applies bond aid; Liberty program eases residential project; St. Vincent to counsel nearby.(Real Estate)(Liberty Bond funding for vacant office tower)
July 7, 2003... Byline: lore croghan Developer joseph moinian is expected to close a deal Wednesday for $82 million in Liberty Bond funding to convert a vacant office tower four blocks from Ground Zero into an apartment building. The deal illustrates...

FIRE sale: renting office space for less.(2003 Market Facts)(Brief Article)(Correction Notice)
July 7, 2003... ***** Correction: SL Green should have been listed third in the chart of top property owners in the real estate section of the July 7 Market Facts edition. The firm's Manhattan office properties totaled 12.7 million square feet in 2002....

New Executive: Relationship power drive; Microsoft GM's NY area platform is to boost partner and community ties.(Profiles)(Microsoft Corp. works to improve relationships with customers, clients)
July 14, 2003... Byline: anita jain Brand recognition is not exactly Microsoft Corp.'s problem. As the nation's leading software company, Microsoft isn't concerned so much with breaking new ground as it is with strengthening existing relationships with...

NY physicians face 8.5% hike in insurance; Small increase a setback for reform?(News)(New York malpractice insurance premiums increasing)
July 14, 2003... Byline: samantha marshall Doctors in New York state will see their malpractice insurance premiums rise by an average 8.5% this year, the first increase in six years and less than half the rate increase requested by insurance companies. ...

Roslyn deposits to fuel NY Community lending; Investors send bank's shares higher in approval of deal.(News)(chief executive of New York Community Bancorp, Joe Ficalora )
July 14, 2003... Byline: tom fredrickson Joe Ficalora was far out of town late last month when the bidding for Roslyn Savings Bank began. But as soon as the chief executive of New York Community Bancorp returned from his European business trip, he...

New treatments for Mount Sinai; Latest CEO promises quick progress.(News)(Mount Sinai Medical Center's Dr. Kenneth Davis )
July 14, 2003... Byline: mary sisson The newest chief executive at Mount Sinai Medical Center forecasts a bright future for the hospital. A year and a half after a well-publicized crisis resulting from the death of a liver donor, Dr. Kenneth Davis sees the...

Small Business: Jeweler works angles as payments loom; Shaken by 9/11, Wall Street retailer faces SBA deadline; home is collateral.(Small Business)(retail trade copes with aftermath of terrorism)
July 14, 2003... Byline: lisa fickenscher In the old days, marvin Rafeld used to leave his house in Scarsdale, N.Y., in time to arrive at his jewelry store on Wall Street by 9:30. Now he arrives early enough to open the store himself at 8. It is just...

Seeking info on top leases; costar office deals.(Real Estate)(top office leasing deals in Manhattan for first 6 months of 2003)(Brief Article)
July 14, 2003... Costar group inc. is compiling information for its list of the largest office leasing deals in Manhattan during the first six months of 2003, to be published in Crain's New York Business on Aug. 4. Brokers and others with information on...

Guv needs to get over plant snit.(Viewpoint)(new water filtration plant in Bronx)
July 14, 2003... Sometimes Gov. George Pataki taxes the patience of even his most fervent supporters. That's certainly the case as the governor sets himself up as the last obstacle to the construction of a water filtration plant in Van Cortlandt Park in the...

Liz Lange to keynote at growing firms' confab; crain's 12TH new york expo.(Workplace)(motivational speakers included at conference)(Brief Article)
July 14, 2003... Fashion designer liz lange will give the keynote address at the 12th annual Crain's New York Expo, scheduled for Friday, Oct. 31, at the Hilton New York at Sixth Avenue and West 53rd Street. Ms. Lange will detail how she built her company from...

Pru's pull vanishing with its brokers; Final exit from Street foreseen as firm hands over retail unit for institutional focus.(News)(Wachovia Corp. takes over Prudential Financial Inc.'s retail stockbrokers )
July 14, 2003... Byline: aaron elstein Earlier this month, Prudential Financial Inc. formally handed over control of its 4,000 retail stockbrokers to Wachovia Corp. Now, its chances of remaining a major player on Wall Street are about the same as Martha...

Brokers defecting from CB-Insignia; Rivals see bigger losses after deal is done; Cushman most aggressive.(News)(CB Richard Ellis Inc. acquires Insignia/ESG Inc.)
July 14, 2003... Byline: lore croghan New York's largest commercial brokerage firm, Insignia/ESG Inc., has already lost almost a dozen brokers as it moves toward the completion of its acquisition by CB Richard Ellis Inc. later this month. Rivals say...

Executive Moves.(Profiles)(Stephen M. Skoczylas, new managing director at Geller Investment Partnership Services)
July 14, 2003... Byline: joao h. rodrigues ACCOUNTING & CONSULTING Geller & Co.: Stephen M. Skoczylas, 48, joined as managing director of Geller Investment Partnership Services, a division of the finance, accounting, procurement and tax outsourcing...

Battered companies let more freedom reign; Downsizing lessens office supervision; not all employees ready or disciplined.(Workplace)(employees telecommute, more independent)
July 14, 2003... Byline: samantha marshall Workplace consultant Tom Casey struggles every day as he gives more independence to his less-seasoned employees. A hiring freeze and mounting workloads leave him little choice. He tries to be more judicious...

Harlem Dance Theatre needs exec in the second position; Would leap for COO with a dance background; ad shop creates 20 spots.(Workplace)(premiere of "St. Louis Woman: A Blues Ballet")
July 14, 2003... Byline: miriam kreinin souccar Last week, dance theatre of Harlem opened the Lincoln Center Festival with the world premiere of St. Louis Woman: A Blues Ballet. The ballet received rave reviews, and now that it's over, Dance Theatre...

Government Alert: Insurance Dept. punches in on workers' comp rate hike; Serio to decide on 12.5% request; city Olympic committee gets first loaned exec.(Briefs)(workers' compensation insurance rates going up)
July 14, 2003... State insurance superintendent Gregory Serio will decide by Tuesday on how much to raise workers' compensation insurance rates. The Insurance Department held a hearing in Manhattan early this month on a request from the New York Compensation...

WaMu's thrifty savers slipping away to rivals; Customers defect after Dime purchase; WaMu says gains offset losses.(News)(New York Community Bancorp, Commerce Bank offer competition)
July 14, 2003... Byline: tom fredrickson When Peyton R. Patterson headed the retail banking operations of Dime Savings Bank, she depended on elderly and foreign-born customers who faithfully kept their savings in passbook accounts. "Passbook deposits...

NY fees drive refi costs sky-high; Mortgage tax, onerous and hidden charges add thousands to closings; can HUD help?(News)(New York City housing market)
July 14, 2003... Byline: jacqueline s. gold When television producer Christian Martin refinanced his three-bedroom townhouse in the Cobble Hill section of Brooklyn last year, he didn't expect the loan would take 12 weeks or cost well over $5,000 to close....

New York, New York.(Briefs)(Hughes Television Network sold to Joe Cohen)
July 14, 2003... Byline: edited by Emily DeNitto Sports TV vet goes 3rd round Former Madison Square Garden executive vice president and sports TV veteran Joe Cohen is working hard to build another sports empire. Mr. Cohen-who co-founded USA Network...

The Weeks Ahead.(Calendar/Datebook)(National Association of Investors Corp. seminar)
July 14, 2003... Byline: anne apuzzo and eileen conlan this week's events July 15. ProDirect holds seminar on how to avoid making cold calls. 6:00 p.m. to 8:00 p.m., 11 Penn Plaza. Fee: $85. (212) 358-9664 or events@prodirectcoach.com. July 15....

Free Health Pulse trials; CRAIN'S health PULSE.(Briefs)(Brief Article)
July 14, 2003... Crain's new york business offers readers free two-week trial subscriptions to its daily Crain's Health Pulse fax. The Pulse fax covers the business of health care, supplying information on mergers and affiliations, contracts, executive...

Looking for the Fuller effect.(Viewpoint)(American Media's new chief)
July 14, 2003... Byline: Randall Rothenberg Ask your garden-variety magazinistas about Bonnie Fuller and they will tell you she is unrelenting, an ogress, a serial hirer-and-firer and an angle player who gives new meaning to the term "change...

At Deadline.(Late News)(Chinatown gets federal assistance )
July 14, 2003... Chinatown firms get less 9/11 aid businesses in chinatown received an average of $7,000 in Sept. 11 aid from two federal assistance programs administered by the city and state, according to a study by the Asian American Business Development...

Stock Watch: Monster stock run-up makes even bulls wary; Job-listing firm faces strong competition; market is weak.(Stocks)(online employment firm's earnings report)
July 14, 2003... Byline: aaron elstein Even a slimmed-down Monster Worldwide Inc. looks pretty scary with its shares scaling such heights. The Manhattan-based online employment firm has seen its stock nearly triple in the four months since it spun off...

Toronto down but not out; city rises above its travails.(Viewpoint)(SARS outbreak hurts city's economy)
July 14, 2003... Byline: James Brady I HAVE JUST spent two days attending the annual convention of 16,000 American (and other) librarians up in Toronto, the first such major event since the SARS epidemic struck. Great cities rise above their travails....

Topflight proprietor keeps Tuscan spot on course; East Side's Il Nido earns high marks for fresh ingredients, polished service.(Dining/Restaurant Review)(Adi Giovannetti, owner)(Restaurant Review)
July 14, 2003... Byline: bob lape Age sits as light as a feather on the shoulders of Il Nido's Adi Giovannetti, the wind beneath the wings of New York's permanent love affair with Tuscan food, wine and hospitality. Mr. Giovannetti's zest for...

Universal Music finds pitch with sublet; Vivendi unit rents out W. 19th space; Lipstick Building getting a new face.(Real Estate)(Vivendi Universal will sell office space in Manhattan locations)
July 14, 2003... Byline: lore croghan Universal music group landed a subtenant for 22,000 square feet at 11 W. 19th St., a step forward in a campaign by parent Vivendi Universal to shed surplus office space in several Manhattan locations. The taker is...

Brooklyn's Atlantic Avenue undergoing a sea change; More restaurants, boutiques pop up, even as rents rise; jail area still dicey.(Real Estate)(improving Atlantic Avenue)
July 14, 2003... Byline: lisa fickenscher Eighteen months ago, when Karen Zebulon opened Gumbo on Atlantic Avenue in Brooklyn, she feared that the children's clothing store wouldn't survive the city's post-Sept. 11 paralysis. To make matters worse, messy...

Washington Heights hitting its peak; Businesses burgeon as lower-cost area becomes trendy.(Finance)(housing market)
July 21, 2003... Byline: cara s. trager Six years ago, brian washington-Palmer surprised even himself. He opened a bistro in Washington Heights, an area in upper Manhattan that had been so low on his list of choices that it was almost out of sight. "We...

Investors see gains for stock; Institutions ready to buy on any dip.(News)(Citigroup reports 5% rise quarterly earnings to $4.3 bn)
July 21, 2003... Byline: jacqueline s. gold It was a week that only Citigroup Chairman Sanford Weill could orchestrate. On Monday last, he announced a 5% jump in the company's quarterly earnings, to $4.3 billion, and a 75% dividend increase. On...

NYers can't hear here; Increasing city din affecting younger people.(News)(city residents with permanent hearing loss)
July 21, 2003... Byline: samantha marshall Melody James knew she had a problem with her hearing when she started fighting with her family for control of the television remote to turn up the volume, which they swore was already too high. When she began...

The basic rift in WTC plans.(Viewpoint)(Larry Silverstein, Daniel Libeskind form plan)
July 21, 2003... The headlines are all about "the deal.'' Developer Larry Silverstein and architect-visionary Daniel Libeskind have agreed on a plan on how to design the first and most important office building for the World Trade Center site. Mr. Silverstein...

Alternative advertisers sell VCs; Submedia and others catch consumers' eyes and investors' cash.(News)(full-motion ad out window of train)
July 21, 2003... Byline: anita jain One by one, six animated bottles of Snapple leap into a pool and perform a synchronized swim before a panel of judges and an audience of cheering Snapple bottles. Those who've seen the 15-second advertisement weren't...

Executive Moves.(Profiles)(Brief Article)
July 21, 2003... Byline: joao h. rodrigues ACCOUNTING & CONSULTING Citrin Cooperman & Co.: Wilfredo Fernandez, 42, was promoted to partner in the Springfield, N.J., office of the Manhattan-based consulting firm. He was formerly a director. ...

Lawyer temps give clients more power of attorneys; Fill-ins gain respect, save money; part of overall strategy.(News)(Steven Simkin, chairman of the real estate firm)
July 21, 2003... Byline: tommy fernandez Steven Simkin recently had a client who needed lawyers to pore through documents for the recapitalization of 30 shopping malls across the country. He turned to a resource that many wouldn't have considered a decade...

Seeking info on top leases; COSTAR OFFICE DEALS.(News)(top office leasing deals in Manhattan)(Brief Article)
July 21, 2003... Costar group inc. is compiling information for its list of the largest office leasing deals in Manhattan during the first six months of 2003, to be published in Crain's New York Business on Aug. 4. Brokers and others with information on...

The Weeks Ahead.(Calendar/Datebook)(Brief Article)
July 21, 2003... Byline: eileen conlan this week's events July 22. American Business Associates holds business-to-business networking meeting. 8:00 a.m. to 10:00 a.m., Holliswood Hospital, 87-37 Palermo St., Holliswood, Queens. Free. Reservations...

Web site and free e-mail alerts offer more health care coverage; Electronic crain's.(News)(Brief Article)
July 21, 2003... Stay ahead of the competition with free e-mail news alerts about the health care industry. Each weekday, Crainsny.com covers breaking news in health care and other industries that are important to New York City. To register, go to...

Falling interest rates pinching banks' profits; Hard-hit regional institutions, thrifts cut costs, merge, turn to fee income.(Finance)(New York banks' tight net interest margins)
July 21, 2003... Byline: tom fredrickson New york area banks are facing their biggest profit squeeze in years. Like limbo dancers struggling to see how low they can go, banks are being squeezed by loan interest rates that have fallen to 45-year lows while...

CEO gender modification.(Viewpoint)
July 21, 2003... Byline: Rance Crain Here's a hot debate topic-Resolved: That U.S. corporations wouldn't be in the mess they're in if women were in charge. Women are better listeners, more methodical in their decisions, less confrontational and less...

Government Alert: Workers' comp rate increase blocked.(Briefs)(Workers' Compensation Board raises assessment on employers by 10%)
July 21, 2003... But board hikes employer assessment; state Senate to hold special session State insurance commissioner Gregory Serio rejected an effort by the insurance industry to raise workers' compensation rates. Mr. Serio said that the Compensation...

Bush, rivals tap New York for $6 million; Kerry raises most among Democrats; state, city politicians grab big bucks, too.(News)(Sen. John Kerry gets $1.7 mn from New Yorkers)
July 21, 2003... Byline: judith messina New Yorkers have shelled out more than $6 million to candidates running in the 2004 presidential election. Sen. John Kerry has banked $1.7 million from New Yorkers, making him the biggest Democratic presidential...

New Executive: Recruiter pulls rank; Moves up to run Spencer Stuart firm; seeks to place major executives.(Profiles)(Dayton Ogden, new chairman)
July 21, 2003... Byline: catherine curan At yale in the 1960s, Dayton Ogden served as president of the Delta Kappa Epsilon fraternity-right after Frederick Smith, now chairman of FedEx, and right before George W. Bush, now president of the United States....

New York, New York.(Briefs)(New York City's economy improving)
July 21, 2003... Hearing recovery At least one business leader in the city, John Kanas, chairman and chief executive of North Fork Bancorp, perceives signs of improvement ahead for New York City's economy. He hears that a wide variety of businesses are...

Korean War vets continue their battle for attention.(Viewpoint)(50th anniversary of war)
July 21, 2003... Byline: James Brady This coming Sunday, "the forgotten war'' will again, and I'm sure only briefly, be remembered. At 10 p.m. local time, July 27, 1953, the Korean War ended not in a real peace, but with an uneasy, often violent truce. ...

Banks weigh plans to shift more jobs to foreign soil; Even equity analysts could go.(Finance)(financial institutions outsourcing jobs overseas)
July 21, 2003... Byline: aaron elstein It began years ago, when banks started routing calls to their customer service lines to firms as far away as India and Wales. More recently, financial institutions have begun to send much of their software development...

66 stirs up controversy and high number of diners; New Chinese eatery draws praise and flak for food, design, but Vongerichten delivers.(Dining/Restaurant Review)(Restaurant Review)
July 21, 2003... Byline: bob lape Tribeca's 66 is the most celebrated, condemned and controversial Chinese restaurant in town. In fact, there hasn't been so much ink devoted to an eatery since the coming of Alain Ducasse three years ago. Some critics...

CORRECTION.(Corrections)(top property owners)(Brief Article)
July 21, 2003... SL Green should have been listed third in the chart of top property owners in the real estate section of the July 7 Market Facts edition. The firm's Manhattan office properties totaled 12.7 million square feet in 2002. CoStar Group Inc....

Printing firms press ahead, find garment district space; Rents affordable in slow market; law firm wins sublet.(Real Estate)(downtown sublet market is good)
July 21, 2003... Byline: lore croghan Scores of printers left Manhattan over the past half-decade, driven out by gentrifying landlords and rising rents. But now that the leasing market here has softened so much, some printers are finding refuge in garment...

Food places fill empty tech spaces; Burger Heaven, Carl's Steaks, CremaLita order up E. Side spots.(Real Estate)(food retailers have higher profit margins than electronics retailers)
July 21, 2003... Byline: catherine curan Food is taking the place of technology as two local restaurants and a fat-free ice cream shop are filling in East Side retail space vacated by electronics stores. Cablevision's decision to pull the plug on the...

Arts groups line up for WTC site; All types, sizes hurry proposals for cultural center; confusion over LMDC's wants.(News)(New York arts and cultural institutions)
July 21, 2003... Byline: miriam kreinin souccar More than 10 well-known New York arts and cultural institutions are working on plans to be part of the new center that will be built at Ground Zero. The proposals, from institutions ranging from...

Reprints of Crain's stories.(Finance)
July 21, 2003... Crain's offers reprints of published articles, which can include black-and-white or color photos that accompany the story. To obtain an estimate, please contact Erica Montgomery at Reprint Management Services, (717) 399-1900, ext. 142, or...

At Deadline.(Late News)(Daniel Libeskind's new WTC design plan)
July 21, 2003... Libeskind rents office near Ground Zero world trade center master planner Daniel Libeskind rented an office at a building three blocks from Ground Zero to house his headquarters, which he has moved from Berlin. He signed a 10-year lease at...

Free trials of daily health fax.(News)(Brief Article)
July 21, 2003... Crain's new york Business offers free two-week trial subscriptions to its daily Crain's Health Pulse fax. The Pulse fax covers the business of health care. The Pulse costs $295 a year and is delivered by 8:30 a.m. Monday through...

Uncertainty for runner-up; History says passed-over Willumstad will leave.(News)(Citigroup Inc.'s new CEO, Robert Willumstad)
July 21, 2003... Byline: aaron elstein In public, Citigroup Inc. President Robert Willumstad put on a brave face when he learned he wouldn't be its next chief executive. But headhunters who work with CEOs are convinced that privately he's sorely...

Who's Who in Health Care.(Directory)(health care executives in New York and northern New Jersey)(Directory)
July 21, 2003... About this directory This directory includes health care companies and service providers located in New York City, Nassau, Suffolk and Westchester counties, and the four northern New Jersey counties of Bergen, Essex, Hudson and Union. ...

LETTERS TO THE EDITOR: Staten Island merits more respect.(Viewpoint)(founder and president of Gaseteria Oil Corp.)
July 21, 2003... Borough suitable for relocation Some things just never change! Why is it that Staten Island is still the stepchild of New York City? You would think that with the Teleport, the new development along South Avenue and the high-tech hub...