Business

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NY Moves Closer to Shutting Down Indian Point

11/22/2016 3:00 PM Updated: 5 months ago

  New York (AFP) – New York state has taken another step toward shutting down the Indian Point nuclear power plant, outside New York city, officials

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Facebook Announces 500 New Jobs in ‘Global Hub’ London

11/22/2016 2:00 PM Updated: 5 months ago

  London (AFP) – Facebook on Monday became the latest US tech giant to announce new investment in Britain with hundreds of extra jobs but hinted

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Trump Vows to Withdraw From TPP ‘On Day One’

11/22/2016 11:00 AM Updated: 5 months ago

  Washington (AFP) – Donald Trump said Monday the United States would signal its withdrawal from the Trans-Pacific Partnership (TPP) trade pact on his first day

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David Edelstein Gets NY Real Estate’s Best Deal

11/21/2016 12:30 PM Updated: 5 months ago

  David Edelstein is a New York-based real estate investor, and he just banked a big deal, buying a Manhattan townhouse located at East 70th Street

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Unemployment Rises in NYC

11/20/2016 10:40 AM Updated: 5 months ago

    New York City’s unemployment rate went up to 5.9 percent in October, up .1 percent from the previous month and up .9 percent since

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Japan PM Confident in Trump’s Diplomacy Debut

11/18/2016 9:00 AM Updated: 5 months ago

&nbsp New York (AFP) – Japan’s leader voiced confidence about Donald Trump as he became the first foreign leader to meet the US president-elect, who was

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Trump to Change Fraud Laws, but AG Schneiderman Will Fight Him

11/17/2016 4:30 PM Updated: 5 months ago

  New York has been using the Martin Act for over a decade to prosecute financial fraud and improprieties. Given the preeminence of New York City

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Fed’s Yellen Vows to Serve out Term, Signals Rate Hike

11/17/2016 1:30 PM Updated: 5 months ago

  Washington (AFP) – Federal Reserve chief Janet Yellen on Thursday vowed to serve out her four-year term, despite verbal attacks from President-elect Donald Trump, and

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Facebook Buys Facial Recognition Tech Startup

11/17/2016 12:00 PM Updated: 5 months ago

  San Francisco (AFP) – Facebook said that it has bought facial recognition startup FacioMetrics, potentially using the technology for photo or video effects to better

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This Is the Conflict That Could Stall 421-a, Again

11/16/2016 6:30 PM Updated: 5 months ago

  A conflict on union wages derailed reinstatement of the 421-a tax rebate back in January, stifling new building in New York City. After much negotiation,

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Big Companies Tell Trump: ‘Don’t Quit Climate Pact’

11/16/2016 10:30 AM Updated: 5 months ago

Marrakesh (Morocco) (AFP) – More than 360 mostly American companies and investors, including a dozen Fortune 500 firms, called Wednesday on Donald Trump to uphold the

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New Section 8 Rule Spares NYC

11/15/2016 5:30 PM Updated: 5 months ago

  The U.S. Department of Housing and Urban Development (HUD) announced today that new Section 8 rules would not apply to cities with vacancy rates below

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Billionaire Warren Buffett Invests In 3 Big US Airlines

11/15/2016 1:30 PM Updated: 5 months ago

  New York (AFP) – Billionaire investor Warren Buffett has taken stakes in three large US airlines, in a $1.3 billion bet that marks a sharp

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Trump Plan to Boost Oil, Coal Could Send Prices Lower

11/15/2016 11:30 AM Updated: 5 months ago

  (AFP) – President-elect Donald Trump has pledged to boost the oil and gas sector and bring back coal, reversing President Barack Obama’s efforts to encourage

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Peter Thiel Wins With Bet Against Silicon Valley

11/14/2016 12:00 PM Updated: 5 months ago

San Francisco (AFP) – The improbable triumph of Donald Trump is a victory for tech sector investor Peter Thiel, who unabashedly backed the Republican candidate despite

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Builders, Cuomo Celebrate 421-a Reinstatement

11/11/2016 12:24 PM

Politicians and lobbyists in Albany have reached a deal to reinstate the 421-a tax credit, which encourages developers to build affordable housing. The credit has lapsed for

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Nasdaq Tumbles on Fears of Trump Effect on Tech

11/10/2016 11:00 AM Updated: 5 months ago

  New York (AFP) – The Nasdaq fell sharply in mid-morning trading Thursday, with Amazon, Facebook and other large tech stocks tumbling on worries about policy

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Stock Market ‘Trump Slump’ Turns Into Rally

11/09/2016 2:40 PM Updated: 5 months ago

  London (AFP) – World stock markets recovered from a sharp initial downturn to maverick Republican Donald Trump’s shock election win on Wednesday, quickly regaining their

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Global Stocks Cautious on US Election Day

11/08/2016 10:20 AM Updated: 5 months ago

  London (AFP) – Global stock markets treaded cautiously Tuesday, with Asia edging higher but Europe and US shares mostly dipping, as US voters chose a

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German Prosecutors Probe Facebook Hate Incitement Claim

11/07/2016 12:20 PM Updated: 5 months ago

(AFP) – German prosecutors said Monday they have launched a probe after receiving a complaint alleging that top Facebook bosses including founder Mark Zuckerberg are condoning