Most talked about Crain's New York Business stories

At $40B, Uber's value would trump Tesla, Netflix, Alcoa

crainsnewyork.com — (Bloomberg) -- A potential round of financing by Uber Technologies Inc. valuing it as high as $40 billion would make the mobile car-booking company more valuable than three-quarters of Standard & Poor's 500 Index members. Uber is raising at least $1 billion, and T. Rowe Price Group Inc.

State pension fund loses $2B in three months

crainsnewyork.com — The New York state pension fund lost $2 billion in the past fiscal quarter as shaky markets eroded some of its portfolio, state Comptroller Thomas DiNapoli announced the day before Thanksgiving. The 0.52% loss from July through September brought the overall value of the fund to $178.3 billion, down from $180.7 billion at the end of the first quarter of fiscal 2015.

With a click, Alpinely delivers (and sets up) custom Christmas trees

crainsnewyork.com — Updated: Late last week, the visual director at Hermes called James Highsmith, intrigued by something he had read online. Less than 24 hours later, Mr. Highsmith and his team were negotiating the balconies of Hermes' Madison Avenue store to bring Christmas flair to the front of a luxury retail store in the heart of midtown Manhattan.
Nov 26, 2014

Maybe if you read my story about Christmas tree tech startup #Alpinely, this cold rain will turn into snow... crainsnewyork.com/article/201411…

Nov 26, 2014

"Your tree is gorgeous this year" "Thanks, I ordered it from Red Hook on the internet." crainsnewyork.com/article/201411…

Nov 26, 2014

"Oh Christmas tree, oh Christmas tree, I bought you on the internet"... Alpinely Uber-izes the tannebaum experience. crainsnewyork.com/article/201411…

Nov 26, 2014

RT @CrainsNewYork: With a click, Alpinely delivers (and sets up) custom Christmas trees bit.ly/1uHC5Rp via @ThorntonMcEnery

Show 1 more tweet from Thornton McEnery

Ousted exec plans revenge against journalists

crainsnewyork.com — Pax Dickinson, who was chief technology officer at Business Insider until he was fired a year ago for what his employers deemed to be wildly inappropriate tweets, is looking to get back at the media industry that he feels ruined his career by launching a news organization dedicated to uncovering "corrupt journalists."
Nov 26, 2014

.@paxdickinson 's comeback? a look at his @Indiegogo campaign to pursue "corrupt journalists." bit.ly/1uX9DjH

Scrooge visits holiday parties this year

crainsnewyork.com — Corporate holiday parties are taking a nosedive this season despite an improving economy, according to a survey to be released next week. Only 88% of companies will host a party this season, down from 96% last year and 91% in 2012, according to Battalia Winston, an executive recruiting firm that conducts an annual national survey on parties.

'Not much to see' in mayor's budget update

crainsnewyork.com — Mayor Bill de Blasio's November financial-plan update was met with a shrug by budget watchdogs, even those critical of the mayor's contract deals with city unions. "Not much to see," said Manhattan Institute scholar Nicole Gelinas, who has criticized the mayor's budget.

New $1B affordable-housing fund proposed

crainsnewyork.com — Updated: A nonprofit is proposing that Gov. Andrew Cuomo steer $1 billion of the state's budget surplus to create an affordable-housing capital fund. The New York Housing Conference announced its idea Wednesday, and is the latest organization to line up for a piece of the budgetary pie.

Brooklyn Bridge Park Corp. rebuts foes

crainsnewyork.com — The Brooklyn Bridge Park Corp. doubled down Tuesday in defense of a controversial residential development at Pier 6 on the Brooklyn Heights waterfront that it contends is needed to keep the park's long-term finances in order.
Nov 25, 2014

Like a (Brooklyn) bridge (park) over troubled (residential housing) waters crainsnewyork.com/article/201411… via @joeanuta

Nov 25, 2014

Brooklyn Bridge Park Corp, under fire for waterfront developmnt plans, fires back. via @joeanuta bit.ly/1thbVWh

Nov 25, 2014

Do you have background in park management or maritime infrastructure? No? Then shut up about #Pier6... crainsnewyork.com/article/201411… by @joeanuta

Central Park's Lasker Rink to open on Thanksgiving after repairs

crainsnewyork.com — (Bloomberg) -- Central Park's Lasker Rink will reopen on Thanksgiving after engineers previously said the popular New York City ice skating and hockey venue would close for the entire season. Elise Preston, director of the skating school for the Trump Organization, which manages Lasker and Wollman rinks, said engineers are "basically crossing their fingers" that the repairs are enough to keep the facility open until the offseason.
Nov 26, 2014

Central Park's Lasker Rink to reopen on Thanksgiving. Operators hope repairs are enuf to keep it open til offseason. crainsnewyork.com/article/201411…

Falcone quits as head of Harbinger Group

crainsnewyork.com — (Bloomberg) -- Investor Philip Falcone is stepping down as chairman and chief executive of publicly traded Harbinger Group Inc. to focus on his hedge fund firm. Mr. Falcone will receive a one-time payment of $20.5 million, "$16.5 million in respect of Mr. Falcone's previously earned and awarded annual bonus for fiscal year 2014 and $3.3 million as a pro-rata bonus for fiscal year 2015," New York-based Harbinger Group said today in a statement.

Rockefeller U. bags $150M for expansion

crainsnewyork.com — Updated: Rockefeller University's planned campus expansion, which will extend over the FDR Drive, is $150 million closer to reality. University trustee David Rockefeller and the Stavros Niarchos Foundation announced Monday they will each donate $75 million to the cause. The two-acre extension, stretching from East 64th to East 68th streets, will be officially named the Stavros Niarchos Foundation-David Rockefeller River Campus.

Roomer, the StubHub of travel, raises $5M

crainsnewyork.com — Updated: Roomer, the two-year-old startup that is looking to become the StubHub of travel, has raised $5 million in a series A round, the company announced Tuesday. Run from Tel Aviv and midtown Manhattan, Roomer provides a marketplace for the sale of nonrefundable hotel rooms. Those rooms account for about 20% of reservations, and their cancellations add up to a loss of $8 billion annually, according to Roomer co-founder and CEO Gon Ben-David.
Nov 25, 2014

Interesting way to book someone's canceled room: find it on @RoomerTravel which just raised $5m bit.ly/1APuTLx

NY numbers on undocumented immigrants

crainsnewyork.com — President Obama's executive action to remove the threat of deportation for perhaps 5 million undocumented immigrants will allow several hundred thousand New Yorkers to seek better-paying jobs and pressure employers in the tourism, construction and retail industries.

Faith leaders decry push for legislative pay hike

crainsnewyork.com — (AP) -- Nuns and other faith leaders joined with advocates for the poor and labor groups Tuesday to criticize efforts by New York state lawmakers to raise their own salaries, saying they must first address the minimum wage. Top lawmakers have said they may seek a special lame-duck session next month to consider the pay raise.
Nov 25, 2014

Quote of the day: "Maybe it's hard to wear a suit all day and listen to yourself talk." bit.ly/1Cc5bT6 via @CrainsNewYork

Bankruptcy battle for ex-Trump, Revel casinos

crainsnewyork.com — (AP) -- Some of the hottest action in Atlantic City involves closed casinos in bankruptcy court, where Donald Trump is trying to recoup rent he paid on a driveway leading to the former Trump Plaza casino, and Revel is fighting an effort by the city to collect $32 million in unpaid taxes.

Oops! Twitter CFO mistakenly tweets about deal

crainsnewyork.com — (Bloomberg) -- Twitter Inc. has tripped up one of its top executives. Chief Financial Officer Anthony Noto Monday publicly tweeted about a plan he has to buy a company, including how he wanted to help make the deal happen at a meeting in mid-December.
Nov 25, 2014

#LMFAO, amirite you guys? "Oops! Twitter CFO mistakenly tweets about deal" crainsnewyork.com/article/201411…

Should the city make people pay for shopping bags?

mycrains.crainsnewyork.com — A City Council hearing on Wednesday on a bill to impose a 10-cent charge on most single-use shopping bags sparked a debate over what should be done. The Department of Sanitation reported that it collects 1,700 tons of the bags each week and disposes of them at an annual cost of $12.5 million.

Ferguson protests | Citigroup fine | Contractor fraud

crainsnewyork.com — Protests broke out in New York following last night's announcement that Darren Wilson, an officer in the Ferguson, Mo., Police Department, would not face criminal indictment for the August shooting death of teenager Michael Brown. Hundreds of demonstrators gathered in places such as Union Square and Times Square.
Nov 25, 2014

RT @CrainsNewYork: Morning 10: Ferguson protests | Citigroup fine | Contractor fraud bit.ly/1C9RLah via @tomacitelli