Pamela Appea: February 2007

Crain's New York Business Content Writing
www.nybusiness.com

NASD fines AllianceBernstein $100,000
Published 02/12/07
A free web-only article from NewYorkBusiness.com
AllianceBernstein Investments Inc. and two other firms a total of $700,000 for violating non-cash compensation rules.

Internet sways Broadway ticket choices
Published 02/12/07
A free web-only article from NewYorkBusiness.com
Most Broadway theatergoers are likely to buy or comparison shop for tickets online, and choose a show based on Internet ads, according to a survey.

City Center awarded $3.5 million grant
Published 02/12/07
A free web-only article from NewYorkBusiness.com
The money will help fund the third annual Fall for Dance festival and includes $2.5 million for an endowment.

Dow Jones reports rise in WSJ ad sales
Published 02/12/07
A free web-only article from NewYorkBusiness.com
Total ad revenue rose 5.7% at the flagship paper, which recently underwent a makeover, but international ad sales dropped 20%.

Juvenile center union wins $3M settlement
Published 02/05/07
A free web-only article from NewYorkBusiness.com
The union accused the city's Department of Juvenile Justice of failing to pay overtime to counselors and security and administrative workers.

Nielsen acquires 40% stake of NetRatings
Published 02/05/07
A free web-only article from NewYorkBusiness.com
The television ratings agency agreed to buy the remaining 40% stake it doesn't own for $327 million.

ImClone seeks Erbitux approval in Japan
Published 02/05/07
A free web-only article from NewYorkBusiness.com
The biotech firm is seeking to bolster sales of its colon cancer treatment, which is facing competition in the U.S.

Lehman acquires 20% stake in hedge fund
Published 01/31/07
A free web-only article from NewYorkBusiness.com
Lehman said it plans to increase its stake in Spinnaker Capital to 25%, as part of a move to expand its hedge fund business.

Comverse stock to be delisted on Feb. 1
Published 01/31/07
A free web-only article from NewYorkBusiness.com
The company has missed deadlines for filing financial statements due to investigations into its past stock option grants.

NYCHA opens Section 8 voucher list
Published 01/29/07
A free web-only article from NewYorkBusiness.com
The Section 8 waiting list had been closed to non-emergency applicants for the past 12 years because of a lack of federal funding.

Thompson nets $5 million in back wages
Published 01/29/07
A free web-only article from NewYorkBusiness.com
The city Comptroller collected more than $5 million from contractors in 2006 for wage violations.

Clinton, Giuliani lead their primary fields
Published 01/29/07
A free web-only article from NewYorkBusiness.com
About 58% of New York Democrats support Sen. Hillary Clinton, while the former New York City mayor has a 47% lead.

IBM buys privately-held storage data firm
Published 01/29/07
A free web-only article from NewYorkBusiness.com
Softek, which helps company's migrate data, will help IBM expand its storage and data services business.

Building industry generates $60.8B: report
Published 01/25/07
A free web-only article from NewYorkBusiness.com
Construction accounts for $27.4 billion in overall economic activity, a new report said.

Ex-NBC Universal exec charged with fraud
Published 01/25/07
A free web-only article from NewYorkBusiness.com
Former treasurer Victor Jung is accused of stealing $800,000 from the media and entertainment company.

IBM spins off printing unit for $725 million
Published 01/25/07
A free web-only article from NewYorkBusiness.com
Big Blue is spinning off the division through a joint venture deal with Tokyo-based Ricoh Co.

Fabrikant lenders agree to extra financing
Published 01/24/07A free web-only article from NewYorkBusiness.com
The company, which is in Chapter 11, said its secured lenders agreed to additional financing.

NY venture capital up 18% in 2006: report
Published 01/24/07
A free web-only article from NewYorkBusiness.com
Venture capitalists invested $2 billion in 249 companies in the New York area last year.

1-800-Flowers profit up on strong sales
Published 01/24/07
A free web-only article from NewYorkBusiness.com
Strong sales of gourmet food and gift baskets offset weaker performance of the company's Home and Children's Gift categories.

NYC Investment Fund offers arts loans
Published 01/22/07
A free web-only article from NewYorkBusiness.com
The $2 million Arts Entrepreneurial Loan Fund will provide funding to help arts and cultural nonprofits cut their overhead.

Silverstein names WTC design managers
Published 01/22/07
A free web-only article from NewYorkBusiness.com
Guy Punzi and Fred Alvarez will oversee two of the five planned office towers at Ground Zero.

NYC online job demand dips in December
Published 01/22/07
A free web-only article from NewYorkBusiness.com Nearly all industries tracked by Monster declined in December, with the exception of architecture and engineering, which held steady at 96 points.

AirTrain JFK gained popularity in 2006
Published 01/17/07
A free web-only article from NewYorkBusiness.com
Paid ridership rose 15.4% last year, with nearly four million travelers using the three-year-old system.

CIT profit tops Wall Street estimates
Published 01/17/07
A free web-only article from NewYorkBusiness.com
The quarterly earnings marked the fifteenth consecutive quarter of increased profits for the company.

S&P raises outlook on Maidenform
Published 01/12/07
A free web-only article from NewYorkBusiness.com
The ratings service cited improving revenue and debt management.

Colgate vice chair retiring after 35 years
Published 01/12/07
A free web-only article from NewYorkBusiness.com
Javier Teruel, a Colgate veteran who had been vice chairman since 2004, plans to move back to his native Mexico.

Rodale announces plans for new imprint
Published 01/11/07
A free web-only article from NewYorkBusiness.com
The new imprint, to be led by editorial director Leigh Haber, will publish its first titles in the fall of 2007.

Arbitron shares rise following upgrade
Published 01/11/07
A free web-only article from NewYorkBusiness.com
Bear Stearns & Co. upgraded the stock, citing expected market share growth from the roll-out of Arbitron's Portable People Meter product.

Bristol-Myers, AstraZeneca in diabetes pact
Published 01/11/07
A free web-only article from NewYorkBusiness.com
AstraZeneca will pay an upfront cash payment of $100 million to help develop two compounds that Bristol-Myers discovered.

City OKs aid for nonprofits, industrial firms
Published 01/11/07
A free web-only article from NewYorkBusiness.com
The city's Industrial Development Agency approved $109.6 million in financing assistance, which will help create more than 293 jobs.

NYC arts programs get $10.7M payola grants
Published 01/10/07
A free web-only article from NewYorkBusiness.com
More than 100 local nonprofits received millions of dollars in grants for music appreciation and education programs.

NYSE, other buy 20% stake in NSE bourse
Published 01/10/07
A free web-only article from NewYorkBusiness.com
NYSE, Goldman Sachs, General Atlantic and Softbank Partner's Asian Infrastructure Fund will each buy a 5% stake from an Indian consortium.

Skanska wins Roosevelt Bridge contract
Published 01/10/07
A free web-only article from NewYorkBusiness.com
The Queens-based construction firm won an $86.5 million contract to refurbish the Roosevelt Island Bridge.

Spitzer announces comptroller committee
Published 01/09/07
A free web-only article from NewYorkBusiness.com
The special comptroller committee will produce a short list of qualified candidates for the Legislature to consider in the next few days.

City could see more tax revenue: report
Published 01/09/07
A free web-only article from NewYorkBusiness.com
The Independent Budget Office is projecting that tax revenues will be more than $250 million higher in the current fiscal year.

Howard Stern gets $83 million of Sirius stock
Published 01/09/07
A free web-only article from NewYorkBusiness.com
The company ended 2006 with 6 million subscribers – nearly double what analysts had expected when Mr. Stern first joined Sirius.

WebMD stock rises on improved outlook
Published 01/09/07
A free web-only article from NewYorkBusiness.com
The company anticipates reporting better-than-expected quarterly results, helped by gains in online advertising.

Nu Horizons misses Street estimates
Published 01/08/07
A free web-only article from NewYorkBusiness.com
The semiconductor distributor reported worse-than-expected quarterly earnings and sales.

Security guards get $750,000 in back pay
Published 01/08/07
A free web-only article from NewYorkBusiness.com
John C. Mandel Security Bureau will pay 720 full-time security guards for failing to provide a legally required supplemental wage benefit.

Gas smell in NYC being investigated
Published 01/08/07
A free web-only article from NewYorkBusiness.com
Officials have ruled out terrorism as the cause of a mysterious gas odor that spread through Lower Manhattan and Jersey City early Monday.

Rain, fog causing NYC flight delays
Published 01/08/07
A free web-only article from NewYorkBusiness.com
Flights coming in to LaGuardia Airport were being delayed by as much as one hour and 38 minutes on Monday morning because of nasty weather conditions.

OSI, Eli Lilly to develop new diabetes drugs
Published 01/05/07
A free web-only article from NewYorkBusiness.com
Eli Lilly will pay as much as $385 million for the exclusive rights for OSI's Glucokinase Activator program, which includes a new experimental treatment..

MTV Networks debuts new digital team
Published 01/05/07
A free web-only article from NewYorkBusiness.com
The team headed by Mika Salmi, president of global digital media at MTV Networks, will work with MTV's other digital executives.

NY Racing Association in online betting deal
Published 01/05/07
A free web-only article from NewYorkBusiness.com
Sona Mobile Holdings Corp., a Manhattan-based provider of gaming and entertainment applications, will develop the platform.

NYT hires Yahoo! executive for digital growth
Published 12/20/06
A free web-only article from NewYorkBusiness.com
Murray Gaylord, formerly the vice president of brand marketing at Yahoo! Inc., will head up marketing efforts for its digital products.

City offering 350 free Wednesday MetroCards
Published 12/20/06
A free web-only article from NewYorkBusiness.com
The complimentary MetroCards were part of a 2005 intiative for New Yorkers who park their cars at Shea Stadium.

Citrin Cooperman expands through merger
Published 12/20/06
A free web-only article from NewYorkBusiness.com
The Manhattan accounting, tax and consulting firm, said it was merging with three smaller firms, which will add an estimated $8.5 million in annual revenue.

J. Crew shares fall on downgrade
Published 11/27/06
A free web-only article from NewYorkBusiness.com
Shares of J. Crew Group Inc. fell sharply Monday after the preppy retailer was downgraded by an analyst who said last week’s share rise may have been a little too strong.

Scientific Games buys British firm
Published 11/27/06
A free web-only article from NewYorkBusiness.com
Games Media says it is the third-largest supplier of amusement games machines in the U.K.

J.P. Morgan Chase to pay $2.2M settlement
Published 11/22/06
A free web-only article from NewYorkBusiness.com
The bank will pay $2.2 million to settle a disability discrimination probe by the U.S. Equal Employment Opportunity Commission.

NRG buys 4.2M shares from Blackstone
Published 11/22/06
A free web-only article from NewYorkBusiness.com
NRG Energy will buy back 4.2 million shares of stock from Blackstone Group for $231.7 million, which were acquired in the February acquisition of Texas Genco.

Monster Worldwide fires general counsel
Published 11/22/06
A free web-only article from NewYorkBusiness.com
Myron Olesnyckyj, senior vice president and general counsel, was fired for cause, amid an internal probe into stock option grants.

NYS could lose $50M in voting machine delay
Published 11/15/06
A free web-only article from NewYorkBusiness.com
Mayor Michael Bloomberg said continued delays by the New York state Board of Elections could cost the city 40% of the state total.

Clinton leads 2008 race among NY voters: poll
Published 11/15/06
A free web-only article from NewYorkBusiness.com
Fresh off her huge re-election victory, Sen. Hillary Clinton has emerged as the favorite choice among New York state voters for the 2008 presidential race, according to a new poll.

NYC voters oppose third term for council
Published 11/15/06
A free web-only article from NewYorkBusiness.com
By a three-to-one margin, New York City voters oppose any effort to lift the two-term limit for City Council members, according to a poll released Wednesday.

Spitzer nails $5M Medicaid fraud ring
Published 10/25/06
A free web-only article from NewYorkBusiness.com
New York state investigators indicted 13 individuals and five companies Wednesday on conspiracy and fraud charges for allegedly defrauding the state’s Medicaid system.

Blackstone acquires United Biscuit in $3B deal
Published 10/25/06
A free web-only article from NewYorkBusiness.com
The Blackstone Group said Wednesday that it acquired U.K.-based United Biscuits in a joint deal with French private equity firm PAI Partners for $3 billion.

Altria profit dips, Kraft decision in Jan.
Published 10/25/06
A free web-only article from NewYorkBusiness.com
The company raised its earnings outlook for the year and said it would finalize the spinoff of its 88.6% stake in Kraft at its annual meeting on Jan. 31.

Ex Refco CFO indicted on fraud charges
Published 10/24/06
A free web-only article from NewYorkBusiness.com
Robert Trosten was indicted on Tuesday for his role in defrauding the bankrupt brokerage's investorss of $1 billion.

Moody's raises its rating on Altria's debt
Published 10/24/06
A free web-only article from NewYorkBusiness.com
Moody's upgraded Altria's long-term unsecured debt rating, citing reduced risk from tobacco litigation coupled with anticipated spinoffs.

Travelzoo stock surges after profit doubles
Published 10/24/06
A free web-only article from NewYorkBusiness.com
Shares of Travelzoo Inc. surged after the company said quarterly earnings nearly doubled, led by strong online advertising sales.

Broadway attendance buoyed by tourism rise
Published 10/24/06
A free web-only article from NewYorkBusiness.com
International visitors flocked to Broadway in record numbers during the 2005-06 season, as attendance levels rebounded to pre-Sept. 11 levels.

NYU agrees to buy record level of wind power
Published 10/05/06
A free web-only article from NewYorkBusiness.com
New York University said it would buy 118 million kilowatt hours of wind power, the largest purchase of wind power by any institution in NYC.

East Williamsburg plant gets $4 million grant
Published 10/05/06
A free web-only article from NewYorkBusiness.com

Pamela Appea

Monday, February 12, 2007

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