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☆ Manhattan real estate brokerages are sued for inflating commissions
▼ + stars: | 2023-11-13 | by ( Jonathan Stempel | Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | ) www.reuters.com time to read: +3 min

REUTERS/Mike Segar/File Photo Acquire Licensing RightsNEW YORK, Nov 13 (Reuters) - A lawsuit filed on Monday accuses the Real Estate Board of New York (REBNY) and more than two dozen brokerages and companies of conspiring to artificially inflate commissions paid to agents who help sell residential real estate in Manhattan. That verdict, which a judge can triple to more than $5.3 billion, could upend decades-old practices that require sellers to pay commissions to buyers' brokers. March said it is unclear whether this would result in lower commissions, or delay sales while buyers' brokers negotiate with sellers. The lawsuit seeks damages for sellers of Manhattan residential property in the last four years who paid buyer brokers' commissions under REBNY rules. The case is March v. Real Estate Board of New York et al, U.S. District Court, Southern District of New York, No.

Persons: Douglas, Mike Segar, Douglas Elliman, Monty, Carl Hum, Corcoran, REBNY, Jonathan Stempel, Jonathan Oatis Organizations: REUTERS, Real, Board, New, Corcoran, National Association of Realtors, NAR, ., Court, Southern District of, Thomson Locations: Manhattan's, New York City , New York, U.S, New York, Manhattan, Missouri, Brooklyn, Southern District, Southern District of New York

☆ Not a big ticket: Public stays away in droves as Donald Trump Jr. kicks off defense case at NY fraud trial
▼ + stars: | 2023-11-13 | by ( Laura Italiano | ) www.businessinsider.com time to read: +5 min

Donald Trump, Jr. testified again in the NY fraud trial Monday – this time as a defense witness. Just four members of the public queued up to watch Donald Trump's namesake son testify as the first defense witness. AdvertisementAdvertisementDonald Trump, Jr. was in court Monday as his father's cheerleader-in-chief. When the judge told him, "Welcome back," Donald Trump, Jr. answered with a joke. "It was spectacular for quite some time," Donald Trump, Jr., said of Wollman Rink in Central Park, which the Trump Organization operated for the city from 1986 to 2021.

Persons: Donald Trump , Jr, —, Donald Trump's, Ralph Baker, Eric Trump, Letitia James, Trump, Clifford Robert, Colleen Faherty, Andrew Amer, Wollman Organizations: Service, Trump Organization, Yukon, Trump, Wollman Rink, Federal Reserve Locations: New York, Manhattan's, Klondike, Central Park, New York's Westchester County, New York City

NEW YORK (AP) — Amtrak service north of New York City was disrupted Monday because of structural issues with a parking garage that's over the tracks on Manhattan's west side, officials said. Service between the city and the Croton-Harmon station in Westchester County was halted Sunday after structural problems were discovered at the parking garage on West 51st Street. Amtrak said passengers traveling between New York City and Croton-Harmon could take Metro-North, which is honoring Amtrak tickets. New York City Mayor Eric Adams said Sunday that city engineers were dispatched to the parking garage to assess the situation. New York City officials stepped up the inspection of parking garages after a three-story parking structure in lower Manhattan collapsed in April, killing one worker, injuring several others and crushing dozens of cars.

Persons: Harmon, Jason Abrams, Eric Adams, ” Adams Organizations: Amtrak, Service, Metro, New York City, Twitter, New Locations: New York City, Croton, Westchester County, New York, Manhattan

☆ One of the exonerated 'Central Park Five' wins New York City Council seat
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +2 min

[1/2] Yusef Salaam, one of the wrongly convicted "Central Park Five", gestures while praising god following a news conference announcing the payout for the case at City Hall in New York June 27, 2014. REUTERS/Carlo Allegri/File Photo Acquire Licensing RightsNov 8 (Reuters) - Yusef Salaam, one of five Black and Latino men wrongly imprisoned as teenagers in the notorious Central Park jogger rape case in 1989, won a seat on the New York City council in Tuesday's elections, according to unofficial results from the city's elections board. His city council victory came 20 years after he and the other four men, known as the "Central Park Five," sued New York City for wrongful conviction and violation of their civil rights, eventually winning a $41 settlement in 2014. Salaam invoked his nightmarish ordeal in his bid for city council. Salaam and the other four men were between 14 and 16 years old when investment banker Trisha Meili, who was white, was raped and almost killed in Central Park in 1989.

Persons: Yusef Salaam, Carlo Allegri, Salaam, Trisha Meili, Donald Trump, Trump, Julia Harte, Bill Berkrot Organizations: City Hall, REUTERS, New, Democratic, New York, Netflix, New York Times, Thomson Locations: New York, New York City, Tuesday's, June's, Manhattan's Harlem, U.S, Central Park

☆ Take a look inside the new Raffles hotel in London
▼ + stars: | 2023-11-08 | by ( Karen Gilchrist | Marylou Costa | ) www.cnbc.com time to read: +8 min

Fiona Harris Communications director, Raffles London"It's the magic combination: the building, the location and the name, Raffles," Fiona Harris, Raffles London's communications director, told CNBC Travel. All in, the hotel houses 120 suites and rooms, including five heritage suites in the former offices of political and military leaders, and eight corner suites named after notable women and female spies. Raffles London is home to 120 rooms and suites, including eight corner suites named after notable women and female spies. Saison, run by Argentine Michelin star chef Mauro Colagreco, is one of nine restaurants and three bars at Raffles London. London's new luxury waveA stay at Raffles London is not without a significant price tag.

Persons: Winston Churchill's, Fiona Harris, Sir Stamford, Henry VIII, Ian Fleming's James Bond, Churchill, David Lloyd George, Lord Kitchener, Harris, Winston Churchill, Thierry Despont, Raffles, Argentina's Mauro Colagreco, sipping, Mauro Colagreco, James Bond, Ian Fleming, It's, Christine Granville, Gopichand Hinduja —, —, Hinduja Organizations: Raffles, Downing, Fiona Harris Communications, CNBC Travel, Sir Stamford Raffles, Hinduja, Ministry of Defense, British Army, Architects, British Secret Service, CNBC, Suite, Liberty, Michelin, Raffles London, Guards, London Sling, Argentine Michelin, Ministry, Hyde Park, Royal British Legion, British Armed Forces Locations: Whitehall, London, Raffles London, British, Singapore, India, Argentine, U.S, China, Granville, Hyde, Rosewood, Claridge's, The Emory

☆ At Trump's New York fraud trial, judge makes clear who's in charge
▼ + stars: | 2023-11-06 | by ( Jonathan Stempel | ) www.reuters.com time to read: +4 min

[1/2] Judge Arthur F. Engoron attends the Trump Organization civil fraud trial, in New York State Supreme Court in the Manhattan borough of New York City, U.S., November 6, 2023. Engoron asked Trump's lawyer, Christopher Kise. That left for trial whether Trump and the other defendants should pay the $250 million in penalties that James wants, and whether to ban Trump from New York state real estate business. He spent more than a decade in private practice and 12 years clerking for a state judge before becoming a civil court judge in 2003. Voters elected him to the state Supreme Court, a trial court, in 2015.

Persons: Arthur F, Engoron, Brendan McDermid, Donald Trump, Arthur Engoron, Kise, Christopher Kise, Letitia James, James, Trump, John Low, Jonathan Stempel, Luc Cohen, Jack Queen, Noeleen Walder, Jonathan Oatis Organizations: Trump Organization, Court, REUTERS, Monday, Trump, Republican, Democrat, American Civil Liberties Union, Columbia University, New, Voters, Thomson Locations: New York, Manhattan, New York City, U.S, New, Trump

☆ An ad I wrote ended up on billboards all over New York City—I got paid less than you think
▼ + stars: | 2023-11-05 | by ( Gili Malinsky | ) www.cnbc.com time to read: +2 min

In 2016, I was a very broke writer living in New York, mostly stitching together a living through side hustles. When I reached out to RSR about forthcoming work, they told me they were working with Manhattan-based storage space company Manhattan Mini Storage on a series of billboards. They wanted quippy slogans connecting outer space and storage space. The turnaround time was so quick and I needed to keep making money — ideally more than $45 at a time. At that point, I had picked up a summer babysitting gig and was walking toward the subway on Manhattan's West Side Highway when I noticed a billboard from Manhattan Mini Storage.

Persons: We've, Einstein, Hillary Organizations: MTV News Locations: New York, Side, Manhattan, Tribeca, ., New Yorker

☆ Urban golf courses are making housing more expensive and parks harder to access — and taxpayers are footing the bill
▼ + stars: | 2023-11-05 | by ( Eliza Relman | ) www.businessinsider.com time to read: +11 min

Many states subsidize golf courses with low property taxes, so non-golfers are footing the bill. David Madison/Getty ImagesUrban golf courses also cost taxpayers — even those who don't play — a lot of money. Proponents of retrofitting courses note that reducing the number of golf courses would help boost revenue for courses that do survive. "But then on the flip side, we have these public golf courses that are just these almost vacuous spaces that are quite underutilized." He noted that projects that just involve turning golf courses into parks are often most palatable to neighbors.

Persons: —, they'd, Franciscans who'd, Zach Klein, VDERHLrowD, David Madison, it's, Malcolm Gladwell, Scottie Scheffler, Richard Heathcote, Mitchell Reardon, htpq6Uqx8q — Cork Gaines, Ray Delahanty, Jennifer Keesmaat, Keesmaat, Don, RENE JOHNSTON, Charlie McCabe, he's, Former California Assemblymember Cristina Garcia, McCabe, Reardon Organizations: Urban, Service, Franciscans, Olympic, Getty, Los Angeles Country Club, United, 123rd U.S, YouTube, Center, City, Trust, Public, Denver, Council, Democrat Locations: Presidio, U.S, San Francisco , California, California, San Francisco's, Golden, Beverly Hills, United States, Los Angeles , California, Cities, Florida, Toronto, haven't, Don Valley, Toronto , Ontario, New Orleans, Former California, Los Angeles County

New Chicago Mayor Brandon Johnson’s transition plan called for “restricting right turns on red,” but his administration hasn’t provided specifics. The college town of Ann Arbor, Michigan, now prohibits right turns at red lights in the downtown area. The United States is one of few major countries that generally allow right turns on red. Critics argue that banning right on red will not only inconvenience motorists but also slow down commuter buses and deliveries. Melinda Kasraie testified on behalf of Lovick's bill at a legislative hearing, sharing her experience being struck by a car turning right on red in Seattle.

Persons: Langerman, New Chicago Mayor Brandon Johnson’s, hasn’t, ”, Jay Beeber, “ What's, ” Beeber, “, Bill Schultheiss, Jonathan Kincade, They're, we've, Priya Sarathy Jones, Mike McGinn, it's, Beeber, Sen, John Lovick, Melinda Kasraie, ” Kasraie Organizations: CHICAGO, Washington , D.C, New Chicago Mayor, San Francisco, “, National Motorists Association, Safety, Toole Design, Washington Area, United Parcel Service, Justice Center, Governors Highway Safety Association, The Insurance Institute for Highway Safety, America, Traffic Safety Administration Locations: Chicago’s Lakeview, Washington ,, ’, Ann Arbor , Michigan, San, Los Angeles, Seattle, Denver, California, United States, U.S, New York City, Idaho, Chicago, Indiana , Maryland, Missouri, Illinois, Washington

☆ Spirit Halloween lives on, even when the holiday ends and stores close
▼ + stars: | 2023-11-01 | by ( Drew Richardson | ) www.cnbc.com time to read: +5 min

The facade of seasonal Halloween decor store Spirit Halloween at a shopping center in Dublin, California, on Aug. 23, 2018. Smith Collection | Archive Photos | Getty ImagesHalloween is over, and your local Spirit Halloween is about to become a ghost town. The retailer opened a record 1,506 stores this season, up more than 50 stores from 2022, Spirit Halloween told CNBC. These become opportunities for Spirit Halloween, then, as the company pays to use the abandoned space for the Halloween season. Drew Richardson | CNBC"We have built great relationships with our real estate partners over the years," a representative for Spirit Halloween told CNBC.

Persons: it'll, Steven Silverstein, Silverstein, Drew Richardson, Maria, Jane, Neil Saunders, Saunders, Lana, I'm Organizations: Spirit, Spencer Spirit Holdings, Halloween, CNBC, Rite, CVS, Harmon, CVS Pharmacy, National Retail Federation Locations: Dublin , California, It's, New York, Manhattan's, New York City, New, Brooklyn Heights, Russia

The verdict could upend decades-old practices that have allowed real estate agents to boost commissions by forcing sellers to pay commissions to buyers' real estate brokers. Representatives of Compass and Douglas Elliman declined to comment. BTIG analyst Soham Bhonsle in an investor note said the fact that Douglas Elliman, Redfin, Compass and eXp were being sued by the same lawyers was a negative for their stocks. Zillow (ZG.O) shares initially fell 0.33% after brokerage Jefferies cut its price target, citing the impact of Tuesday's verdict. While Zillow is not a defendant in either lawsuit, Jefferies said Tuesday's verdict "increases the chances of a ban on commission sharing and Zillow having to pivot the business model."

Persons: Douglas, Mike Segar, Douglas Elliman, Berkshire Hathaway's, eXp, Glenn Kelman, Soham Bhonsle, Jefferies, Zillow, HomeServices, Chibuike Oguh, Jonathan Stempel, Michelle Price, Bill Berkrot, Matthew Lewis Organizations: REUTERS, World Holdings, National Association of Realtors, Compass, NAR, Thomson Locations: Manhattan's, New York City , New York, U.S, Kansas City , Missouri, Berkshire, America, Western Missouri, Missouri , Kansas, Illinois, New York

☆ Musk says Tesla aims to make 200,000 Cybertrucks a year
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +1 min

Tesla's Cybertruck is displayed at Manhattan's Meatpacking District in New York City, U.S., May 8, 2021. REUTERS/Jeenah Moon/File Photo Acquire Licensing RightsOct 31 (Reuters) - Tesla (TSLA.O) is aiming to make 200,000 units of its electric pickup truck, Cybertruck, per year, Chief Executive Officer Elon Musk said on Tuesday. The company had earlier said that Tesla had the capacity to make more than 125,000 Cybertrucks annually, with Musk adding there was potential to lift it to 250,000 in 2025. On the "Joe Rogan Experience" podcast released Tuesday, Musk reiterated how hard it was to produce the Cybertruck. "We're aiming to make about 200,000 a year at point production ... maybe a little more, but I just can't emphasize enough that manufacturing is much much harder than the initial design," Musk said about the futuristic-looking Cybertruck.

Persons: Elon Musk, Tesla, Musk, Joe Rogan, Chavi Mehta, Anil D'Silva Organizations: Meatpacking, REUTERS, Thomson Locations: New York City, U.S, Los Angeles, Bengaluru

☆ NYC's famous Flatiron Building will be converted into luxury residences after sitting empty for years
▼ + stars: | 2023-10-28 | by ( Eliza Relman | ) www.businessinsider.com time to read: +5 min

The iconic Flatiron Building will be converted from empty offices into luxury residences. The iconic Flatiron Building will be converted from empty offices into luxury residences, the owners announced this week. The Brodsky Organization, a residential real estate developer, bought a stake in the Flatiron building this month and will lead the conversion process, which will include moving the staircases and elevators. The Flatiron Building's redevelopment will be one of New York's most high-profile commercial-to-residential building conversion projects, something that's become a central part of the city's efforts to build more housing. The area — between 23rd and 40th streets and Fifth and Eighth Avenues — is just north of the Flatiron building.

Persons: —, It's, Jeff Gural, Brodsky, Louise Penny, Mark Levine, that's, Eric Adams, Dan Garodnick, Biden Organizations: Service, Macmillan Publishers, Broadway, New York Times, Brodsky Organization, New, New York State, Eighth, New York City's Department of City Planning Locations: Manhattan, New York, hasn't

☆ Rolling Stones kick off album launch in New York with guest Lady Gaga
▼ + stars: | 2023-10-20 | by ( David Gaffen | Thomson Reuters | David Gaffen Has Been With Reuters Since As Of He Serves As The Breaking News Editor For Companies News | ) www.reuters.com time to read: +2 min

[1/4] The members of the Rolling Stones Mick Jagger, Keith Richards and Ronnie Wood perform during a private record release party of their new album "Hackney Diamonds" in New York City, U.S., October 19, 2023. REUTERS/Shannon Stapleton Acquire Licensing RightsNEW YORK, Oct 20 (Reuters) - It was a gas, gas, gas in a club on Manhattan's West Side late on Thursday, where the Rolling Stones held a private launch party for their first new album in 18 years. The Stones closed with an appearance by Lady Gaga for "Sweet Sounds of Heaven," a slow, blues-infused number off the new album that recalls the band's 70s classic "Moonlight Mile." Gaga and Jagger mimicked each other's dance movies as they alternated vocals, Gaga in a shimmering red-and-black one-sleeved jumpsuit, Jagger wearing a customarily tight black shirt. The album closes with the song "Rolling Stone Blues," a Muddy Waters song that was the origin of the band's name.

Persons: Mick Jagger, Keith Richards, Ronnie Wood, Shannon Stapleton, Jumpin, Jack Flash, Lady Gaga, Gaga, Jagger, Charlie Watts, Ron Wood, Stevie Wonder, Paul McCartney, Elton John, Bill Wyman, Watts, David Gaffen, Lincoln Organizations: REUTERS, Racket, Stone, Thomson Locations: New York City, U.S, York, New York

☆ Rolling Stones Kick off Album Launch in New York With Guest Lady Gaga
▼ + stars: | 2023-10-20 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +2 min

By David GaffenNEW YORK (Reuters) - It was a gas, gas, gas in a club on Manhattan's West Side late on Thursday, where the Rolling Stones held a private launch party for their first new album in 18 years. The Stones closed with an appearance by Lady Gaga for "Sweet Sounds of Heaven," a slow, blues-infused number off the new album that recalls the band's 70s classic "Moonlight Mile." Gaga and Jagger mimicked each other's dance movies as they alternated vocals, Gaga in a shimmering red-and-black one-sleeved jumpsuit, Jagger wearing a customarily tight black shirt. The latter has been a member of the band for nearly 50 years despite joining in 1975, 13 years after the Stones were formed. The album closes with the song "Rolling Stone Blues," a Muddy Waters song that was the origin of the band's name.

Persons: David Gaffen, Mick Jagger, Jumpin, Jack Flash, Lady Gaga, Gaga, Jagger, Charlie Watts, Keith Richards, Ron Wood, Stevie Wonder, Paul McCartney, Elton John, Bill Wyman, Watts, Lincoln Organizations: Racket, Stone Locations: York, New York

NEW YORK (AP) — Those miracles of modern science, the Rolling Stones, celebrated the release of their first album of original music in 18 years with a Manhattan club gig on Thursday. Mick Jagger alluded to past stunts the Stones had done in New York to tout new music over the years, including performing on a flatbed truck on Fifth Avenue. “Hackney Diamonds,” coming at a time many fans wondered if the Rolling Stones would ever bother again with new music, has been well received by critics, with many noting the crisp energy the band displayed. This time, the bar band was the Rolling Stones. Lady Gaga, dressed in a maroon sequined pantsuit, appeared to recreate her duet — duel, really — with Jagger on the new “Sweet Sounds of Heaven.”“New York, the Rolling Stones!” she said before leaving, after exchanging kisses with Jagger and Richards.

Persons: Christie Brinkley, Elvis Costello, Trevor Noah, Mick Jagger, ” Jagger, “ There's, Charlie Watts, Jagger, Keith Richards, Ron Wood, They're, “, Questlove, Jagger pranced, Richards, Jumpin, Jack Flash, ”, Lady Gaga Organizations: Racket Locations: Manhattan, New York, Manhattan's Meatpacking, ” “ New York

Tesla's Cybertruck is displayed at Manhattan's Meatpacking District in New York City, U.S., May 8, 2021. REUTERS/Jeenah Moon/File Photo Acquire Licensing RightsOct 18 (Reuters) - Tesla (TSLA.O) CEO Elon Musk on Wednesday warned of difficulties in ramping up production of the automaker's much-awaited Cybertruck electric pickup truck and announced that deliveries would begin on Nov. 30. The Cybertruck is expected to challenge Rivian's (RIVN.O) R1T, Ford's (F.N) F-150 Lightning and General Motors' (GM.N) Chevrolet Silverado EV in the hot market for electric pickup trucks. Musk said he wanted "temper expectations" for the truck, adding the company could face "enormous challenges" in ramping up production and making it cash-flow positive. "But I think that they're giving us an indication of the capacity they're going to make available for the Cybertruck as production ramps up."

Persons: Elon Musk, Rivian's, Musk, Tesla, Seth Goldstein, Akash Sriram, Jamie Freed Organizations: Meatpacking, REUTERS, General Motors, Silverado EV, Morningstar, EV, Thomson Locations: New York City, U.S, United States, Texas, Bengaluru

☆ Former Barclays CEO Staley fined and banned by UK regulator over Epstein links
▼ + stars: | 2023-10-12 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

Jes Staley, former CEO of Barclays, arrives at the offices of Boies Schiller Flexner LLP in New York on June 11, 2023. LONDON — Former Barclays CEO Jes Staley on Thursday was fined and banned from holding any position of influence in the U.K. financial services industry for misleading the regulator over his relationship with sex offender Jeffrey Epstein. "Mr Staley is an experienced industry professional and held a prominent position within financial services. Emails subsequently emerged in which Staley described Epstein as one of his "deepest" and "most cherished" friends, the FCA confirmed. Barclays' letter also claimed Staley had ceased contact with Epstein long before he joined the bank in December 2015.

Persons: Jes Staley, Boies Schiller Flexner, Jeffrey Epstein, Staley, Epstein, Therese Chambers, Mr Staley, Mr Epstein, Chambers Organizations: Barclays, LONDON, Financial, Authority, Staley, FCA, Barclays Board, Manhattan's Metropolitan Correctional Center Locations: New York, LONDON —, Manhattan's

☆ I entered a bidding war to land an apartment. It was way more brutal than I expected.
▼ + stars: | 2023-10-11 | by ( James Rodriguez | ) www.businessinsider.com time to read: +16 min

Yet one of the enduring legacies of the COVID-era housing market may be the proliferation of bidding wars for rentals. Bidding wars have periodically reared their ugly heads during overheated stretches in New York City's housing market. And while things have cooled down since the mania of 2022, in places where available rental inventory remains low, the bidding wars just won't die. Still, it's hard not to worry that we've opened Pandora's box when it comes to bidding wars. Bidding wars may feel distasteful, embarrassing, and unfairly favor those with the means to drive up already exorbitant asking rents.

Persons: Phil, Rikki Mueller, That's, I've, David Harris, Coldwell Banker Warburg, Harris, didn't, Frances Katzen, Douglas Elliman, Jonathan Miller, Miller, Mueller, Stan Broekhoven, Broekhoven, we've, we'd, he'd, They'd, wasn't, —, James Rodriguez Organizations: New, Coldwell Banker, Austin, Google Locations: Manhattan's East, homebuying, New York, Chicago, Boston, Austin, Brooklyn, New York City, California, Los Angeles, South Florida, , New York, Salt Lake City, Las Vegas, Manhattan, David Harris , New York City

☆ Bidding wars over apartments are more ferocious than ever — and they're here to stay
▼ + stars: | 2023-10-11 | by ( James Rodriguez | ) www.businessinsider.com time to read: +16 min

☆ Allen Weisselberg, Trump's loyal ex-CFO, calls tripling the size of Trump's penthouse in financial records a 'minor' mistake
▼ + stars: | 2023-10-10 | by ( Laura Italiano | ) www.businessinsider.com time to read: +6 min

Trump's loyal ex-CFO, Allen Weisselberg, began court-ordered testimony in the NY civil fraud trial. On the stand Tuesday, Weisselberg called tripling the size of Trump's penthouse a "minor" mistake. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAdvertisement"I don't recall," Weisselberg answered. Asked if, once put on the alert by Forbes, he ever thought to quickly and conveniently check the files right outside his door, Weisselberg answered, "I don't recall."

Persons: Trump's, Allen Weisselberg, Weisselberg, —, Letitia James, Donald Trump's, Trump, James, Louis M, Solomon, Forbes, Donald Trump , Jr, Eric Trump –, Arthur Engoron, Engoron Organizations: Service, New York, Trump Organization's, Trump Org, Forbes, Deutsche Bank, Trump, New Locations: Manhattan's, Manhattan, Trump, New York

☆ Trump, fraud, and minding the GAAP: A guide to the accounting rules at the heart of his NY trial, courtesy of 2 standup comics who happen to be CPAs
▼ + stars: | 2023-10-09 | by ( Laura Italiano | ) www.businessinsider.com time to read: +8 min

Trump's $250M fraud trial hinges on whether he followed generally accepted accounting principles. AdvertisementAdvertisementTrying to follow the Trump Organization civil fraud trial but don't understand all the quacking about "GAAP, GAAP, GAAP" — those wonky, "generally accepted accounting principles" at the heart of the trial? Donald Trump leaves his civil fraud trial in New York on its third day of testimony. "I know Trump would like to see them 'wiggle, wiggle, wiggle' for sure," she added. AdvertisementAdvertisementTrump's civil fraud trial begins its second week on Tuesday.

Persons: —, Donald Trump, Donald Trump , Jr, Trump, Letitia James, Donald Trump's, Tammara Buckey, Buckey, Buckley, Missy Hydrick, Steve Gianturco, He's, Stevie GB, Brendan McDermid, Gianturco, Seth Wenig, FASB, Fabio, James, Jason Derulo Organizations: Service, Trump Organization, New York, Trump, NY, CPA, Federal, Accounting Locations: Huntsville , Alabama, Long Island , New York, New York, York, Manhattan's

☆ Home Sweet Times Square: How New York City can save Midtown Manhattan from the 'urban doom loop'
▼ + stars: | 2023-10-08 | by ( Eliza Relman | ) www.businessinsider.com time to read: +10 min

And New York City has had success transforming single-use office districts, most notably Lower Manhattan's financial district, into more vibrant mixed-use places. Times Square is one of those, according to Tom Harris, president of the Times Square Alliance, which represents the district's businesses. AdvertisementAdvertisement"I'm not negating it, but certainly the opportunities south of Times Square, to the west of Times Square, are a little bit better for development of the housing stock," he said. The mix of businesses around Times Square has changed in a way that could be appealing to potential residents. Times Square lost 179 businesses during the pandemic, but has since welcomed more than 180 new businesses into the neighborhood, according to the Times Square Alliance.

Persons: —, Eric Adams, Dan Garodnick, Garodnick, Lynne Sagalyn, Sagalyn, Andrew Lichtenstein, Susan Mello, Walker, Dunlop, Mello, Luiz C . Ribeiro, Tom Harris, Harris, aren't, Le Bernardin, haven't —, Gardonick Organizations: Midtown, Service, Garment, Eighth, New York City's Department of City Planning, Columbia University, Getty, Financial, Times Square Alliance, Times, Lambs, —, Taco Bell, Grand Central Madison Locations: Midtown Manhattan, Midtown, Manhattan, America, Manhattan . Old, York City, Lower Manhattan, hasn't, Retail, Long, New York

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy New York will charge up to $23/day to drive into ManhattanDrivers crossing through Manhattan's central business district will face a new toll beginning in the Spring of 2024. The fee is expected to be between $9 and $23 per day for drivers entering or exiting during peak traffic hours. Regional planners believe "congestion pricing" will nudge more drivers onto transit. The MTA is using the toll revenues to reinvest in its aging infrastructure. The funds will go toward improvements to system reliability, accessibility and sustainability.

Organizations: Manhattan Drivers, MTA Locations: York, Manhattan's

☆ Target says it's closing 9 locations over crime, but New York City crime stats surrounding its East Harlem store tell another story
▼ + stars: | 2023-10-07 | by ( Dominick Reuter | Jennifer Ortakales Dawkins | Alex Bitter | ) www.businessinsider.com time to read: +8 min

The company plans to open a location on 125th Street — less than 2 miles from the East Harlem store. A police cruiser outside a boarded-up retail store near Union Square in San Francisco in November 2021. Ethan Swope/Getty ImagesIn San Francisco, another complicated narrative on crimeIn San Francisco, a Target on Folsom Street location went viral earlier this year for its aisles of locked-down merchandise . AdvertisementAdvertisementWalgreens had been closing thousands of stores for years before it decided the fate of the five San Francisco locations. "That's why we're actively collaborating with legislators, law enforcement, and retail-industry partners to advocate for public-policy solutions to combat organized retail crime."

Persons: —, Djeneba Kone, she's, Brian Cornell, Jim Joice, Jennifer Ortakales Dawkins, Kone wasn't, That's, there's, Ethan Swope, shoplifters, James Kehoe, Kehoe, Cornell, we're Organizations: Service, Target, Aldi, Costco, East Harlem, New York City Police, St, Herald, East, Seattle Times, San Francisco Police Department, Walgreens, San, San Francisco Chronicle Locations: Harlem, Manhattan , New York, New York, San Francisco, Seattle, Spanish Harlem, El Barrio, Manhattan, Bronx, East Harlem, Columbus, SoHo, Folsom, Target's, Francisco

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