The Spiral at Hudson Yards set to reach a milestone

The Spiral at Hudson Yards set to reach a milestone

It’s topping-off day Tuesday for The Spiral, Tishman Speyer’s $3.7 billion, 66-story Hudson Yards District skyscraper, beribboned with a band of cascading, landscaped terraces and hanging gardens. It’s a milestone for the 1,041-foot-tall tower and for Tishman Speyer President/CEO Rob Speyer, who steered the project from the outset. But a greater satisfaction might be that … Read more

Wall Street bigs press for speedier COVID vaccine rollout in NY

Wall Street bigs press for speedier COVID vaccine rollout in NY

New York City’s business leaders are concerned about the state’s troubled COVID vaccine rollout — and they’re offering to mobilize their clout and resources to help speed it up. Reps from dozens of city-based firms led by Goldman Sachs chief David Solomon held a Thursday call with Larry Schwartz, a former top aide to Gov. … Read more

New York lost 1 million jobs in 2020 due to COVID-19

New York lost 1 million jobs in 2020 due to COVID-19

Here’s why New Yorkers need to get a whole lot more coronavirus vaccine: The economy is in the tank. New York state shed 1 million jobs during the COVID-19 pandemic in 2020 amid lockdowns and meltdowns in tourism and business activity, a sobering new report reveals. That means 10 percent of the state workforce vanished. … Read more

Ticket brokers settle for $35M over charges of cheating customers

Ticket brokers settle for $35M over charges of cheating customers

Three ticket brokers based on Long Island have agreed to settle civil charges that they cheated consumers by illegally purchasing tens of thousands of tickets for concerts, theater, sports and other events, and reselling them at substantial markups. Settlements totaling $35.3 million with Just In Time Tickets, Concert Specials and Cartisim – all based in … Read more

Intel probes reported hack of quarterly earnings info

Intel probes reported hack of quarterly earnings info

Intel launched an investigation after a hacker reportedly stole part of its quarterly earnings report, forcing the computer-chip maker to publish its results early. Chief financial officer George Davis told the Financial Times that an infographic from its earnings release was hacked from the company’s PR website. Intel said it is probing reports of the … Read more

Ford to recall 3 million cars over air bag concerns

Ford to recall 3 million cars over air bag concerns

Ford just lost a lengthy battle with the feds over orders to recall about 3 million cars — and it won’t be cheap. The affected vehicles from model years 2006 through 2012 have faulty driver-side air bag inflators that could rupture and send metal fragments flying into the air. Ford plans to replace the inflators … Read more

Instacart axes 1,900 staff, including its only unionized workers

Instacart axes 1,900 staff, including its only unionized workers

Instacart will lay off its only unionized workers as part of a plan to ax nearly 1,900 employees stationed in supermarkets across the country. The grocery delivery firm employs several thousand shoppers who pack grocery orders at stores for pickup or delivery. That’s unlike the roughly 500,000 independent contractors who pick up items from various … Read more

Elon Musk to award $100M for best carbon capture technology

Elon Musk to award $100M for best carbon capture technology

Elon Musk has $100 million burning a hole in his pocket. The Tesla CEO, who earlier this month became the world’s richest person, said he will award a massive prize to whoever is able to develop the best tool to capture planet-warming carbon emissions. “Am donating $100M towards a prize for best carbon capture technology,” … Read more

Saks Fifth Avenue reportedly plotting spinoff of Saks.com

Saks Fifth Avenue reportedly plotting spinoff of Saks.com

Saks Fifth Avenue is looking to spin off its dot-com business in a potential initial public offering within a year, according to a report. The luxury retailer owned by Toronto-based Hudson’s Bay Co. left the Toronto Stock Exchange in March to become a privately held company, but management is now meeting with investors to plan … Read more