Most talked about Crain's New York Business stories

Unemployment sees biggest quarterly drop since '76

crainsnewyork.com — The weather is getting colder, but job numbers in the city are as hot as they've been in decades. Data released Thursday show the city enjoyed the largest three-month drop in its unemployment rate-1.4 points-since the figure was first determined in 1976.
Nov 20, 2014

RT @CrainsNewYork: NYC sees the largest 3-mo. drop in its unemployment rate since figure was first determined in '76: bit.ly/1t8SChJ by @wellsangels

Nov 20, 2014

NYC unemployment down 1.4% over last 3 months. That's a record y'all. crainsnewyork.com/article/201411… by @wellsangels

IBO: Recreational pot could net city $25M a year

crainsnewyork.com — Legalizing and taxing recreational marijuana could raise $25 million a year for New York City, the Independent Budget Office said on Thursday. This is the first time the IBO has floated a marijuana option in its annual report, Budget Options for New York City.

Planned South St. Seaport tower shrinks 10 stories

crainsnewyork.com — Updated: Howard Hughes Corp. unveiled its updated plan for redeveloping South Street Seaport Wednesday, stating that a controversial residential tower has been downsized by roughly 150 feet from the original proposal. And on Thursday morning, SHoP Architects showed off new renderings and a scale model of that tower.
Nov 20, 2014

In the face of poor analogies from elected officials, the Seaport Tower projects shrinks in size. crainsnewyork.com/article/201411… by @joeanuta

Nov 20, 2014

RT @MC_NYC: "Building a tower at the South Street Seaport is like building a tower at Colonial Williamsburg" -@galeabrewer crainsnewyork.com/article/201411…

Nov 20, 2014

"Building a tower at the South Street Seaport is like building a tower at Colonial Williamsburg" -@galeabrewer crainsnewyork.com/article/201411…

Plaza's Palm Court to get a bar for the first time

crainsnewyork.com — Updated: Ostentatious luxury is back in style. On Friday, Nov. 21, the Plaza Hotel's famed Palm Court will serve fancy cocktails and other alcoholic drinks from a bar for the first time in the grande dame's century-long history. But the prices for some of the libations will cost more than a hotel room at the property.

Executives and a chocolatier say NYC industrial scene is bittersweet

crainsnewyork.com — Updated: What do a real estate developer, a 3-D printer, a chocolatier and a studio chief have in common? They all think that being around each other is good for New York.
Nov 20, 2014

RT @ThorntonMcEnery: A real estate developer, a 3-D printer, a chocolatier and a studio chief walk into a panel.... crainsnewyork.com/article/201411…

Nov 20, 2014

A real estate developer, a 3-D printer, a chocolatier and a studio chief walk into a panel.... crainsnewyork.com/article/201411…

Mayor to overhaul job-training programs

crainsnewyork.com — Mayor Bill de Blasio on Friday will release a plan to overhaul the city's outdated workforce-development programs, Deputy Mayor Alicia Glen announced at the Crain's Future of New York City conference Thursday. The plan will be a product of six months of research by the mayor's Jobs for New Yorkers task force, composed of leading employers, educators and philanthropists.

Big Apple tourism needs investment

crainsnewyork.com — The city's tourism and hospitality industry is the strongest it's ever been, creating more jobs faster than any other sector in the Big Apple. But it's also not impervious to global competition from other major cities that are investing heavily to attract moneyed travelers.
Nov 20, 2014

Tourism execs insist city needs to invest in tourism or Big Apple will lose visitors crainsnewyork.com/article/201411…

Uber, defender of passenger privacy

crainsnewyork.com — In advance of Thursday's hearing on new rules for the for-hire vehicle industry, Uber is rallying support from free-speech advocates to oppose the city's attempt at data collection. The Taxi and Limousine Commission is poised to approve new rules requiring companies like Uber to submit detailed trip data to the agency.

CEO of Visiting Nurse Service of NY resigns

crainsnewyork.com — The head of the Visiting Nurse Service of New York resigned suddenly Wednesday night, less than two weeks after the agency finalized a $35 million Medicaid settlement with New York state and federal officials. Mary Ann Christopher has led VNSNY, the country's largest nonprofit home health care agency, for less than three years.
Nov 20, 2014

VNSNY CEO Mary Ann Christopher resigns, replaced by restructuring exec Guy Sansone of @alvarezmarsal. Crain's story: bit.ly/1zGVMhp

Merchandise with back stories pays off for 2 stores

crainsnewyork.com — Shoppers are starting to care more about the origin of their products, according to two growing local startups. Kaufmann Mercantile, a five-year-old online retailer that takes pains to tell the story behind the home goods and accessories it sells, recently received $3.2 million in funding from investors, including a Manhattan-based investment firm called 14W.

With Uber under fire, NYC demands data

crainsnewyork.com — The Taxi and Limousine Commission will vote Thursday on adopting a controversial rule requiring for-hire vehicle bases and taxi startups like Uber and Lyft to provide detailed trip data to the city. It would also ban bases from dispatching drivers of vehicles affiliated with a different class of base (for instance, a black-car base dispatching a livery cab).

Mike Nichols, crafter of films, plays, dies at 83

crainsnewyork.com — (AP) -- Mike Nichols, the director of matchless versatility who brought fierce wit, caustic social commentary and wicked absurdity to such film, TV and stage hits as The Graduate, Angels in America and Monty Python's Spamalot, has died. He was 83. The death was confirmed by ABC News President James Goldston on Thursday.
Nov 20, 2014

The entertainment world has lost one of the greats today with the loss of Mike Nichols: crainsnewyork.com/article/201411… #RIPMikeNichols

Planned South Street Seaport tower shrinks 10 stories

crainsnewyork.com — Howard Hughes Corp. unveiled its updated plan for redeveloping South Street Seaport Wednesday, stating that a controversial residential tower has been downsized by roughly 150 feet from the original proposal.

De Blasio ally trashes progressive pols

crainsnewyork.com — Bertha Lewis, the prominent left-wing activist and longtime ally of Mayor Bill de Blasio, wrote an op-ed in the Gotham Gazette Tuesday criticizing two fellow liberals, Manhattan Councilwoman Margaret Chin and Brooklyn Councilman Brad Lander, for their bill to impose a 10-cent fee on disposable shopping bags except at food-service establishments.

Council aims to spur manufacturing through zoning

crainsnewyork.com — While the de Blasio administration focuses on affordable housing, the City Council on Wednesday proposed new zoning to spur the city's manufacturing and "creative" economies. The 40-page report represents the council's attempt to reverse the six-decade decline in the city's manufacturing sector, which employs 76,000 workers, down from its height of 1 million in 1940.

Rock 'n' Roll half-marathon approved for Brooklyn

crainsnewyork.com — (AP) -- A national road-race organization says it has won approval to stage a Rock 'n' Roll half-marathon in Brooklyn next fall. The executive vice president of global events for Competitor Group Inc. tells The Wall Street Journal the race will cover 13.1 miles next October.
Nov 19, 2014

Spoiler Alert: It's just a lot of laps around Bushwick... "Rock 'n' Roll half-marathon approved for Brooklyn" crainsnewyork.com/article/201411…

Virtual office manager startup raises $1.65M

crainsnewyork.com — Hate your filthy office? Well, there's an app for that. Chinatown-based Managed by Q announced Wednesday that it has raised a $1.65 million seed round of funding that it hopes will push the 11-month-old startup out of its beta-testing infancy.
Nov 19, 2014

.@ManagedbyQ is looking to bolt an iPad to your wall, and make you better (& cleaner) for it... crainsnewyork.com/article/201411…

De Blasio administration noncommittal on bag fee

crainsnewyork.com — The de Blasio administration claimed Wednesday to be committed to dramatically reducing plastic bag consumption in New York City, but would not endorse legislation imposing a 10-cent fee on disposable shopping bags. Sanitation Commissioner Kathryn Garcia testified at a City Council hearing that such a fee has been a "successful approach in other cities."

Poor 'safety culture' blamed for Metro-North crashes

crainsnewyork.com — (Bloomberg) -- Metro-North Railroad, with five accidents in 10 months, lacked "safety culture," a deficiency similar to the causes of the 1986 Chernobyl disaster, the 2003 Columbia space shuttle explosion and the 2010 BP Plc oil spill, U.S. investigators said.
Nov 19, 2014

RT @miller_stephen: NTSB compares Metro-North "safety culture" to Chernobyl, BP spill: crainsnewyork.com/article/201411… What does that make this? gothamist.com/2014/11/19/jud…