Metro Business Briefing | News On Old News Building
Date: 10 May 2001
By Charles V. Bagli (NYT)
Charles Bagli
Real estate executives say sale of landmark Art Deco skyscraper on 42nd Street that once housed The Daily News is drawing to close (S)
Replaying onsdag 9 maj 2001
Den 9 maj 2001 var en onsdag under stjärntecknet ♉. Det var 128 e dagen i året. Förenta staternas president var George W. Bush.
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9th of May 2001 News
Nyheter som framträdde på New York Times framsida den 9 maj 2001
THE MARKETS: Market Place; Northrop Grumman is short of details but long on defenses of its bid for Newport News.
Date: 10 May 2001
By Kenneth N. Gilpin
Kenneth Gilpin
Market Place column examines Northrop Grumman Corp's hostile $2.1 billion bid for Newport News Shipbuilding, trying to wrest company away from General Dynamics (M)
Northrop Grumman Joins Bidding for Shipbuilder
Date: 09 May 2001
By Kenneth N. Gilpin
Kenneth Gilpin
Northrop Grumman Corp makes unsolicited offer to buy Newport News Shipbuilding Inc for $2.1 billion, 25 percent in cash and 75 percent in stock; General Dynamics Corp has made competing $2.1 billion offer, all cash, but that offer faces likely opposition from Navy, because merger of General Dynamics and Newport News would combine Navy's only two nuclear shipyards (M)
Parrying CNN, CNBC Plans To Augment 'Business Center'
Date: 10 May 2001
By Jim Rutenberg
Jim Rutenberg
CNBC's marquee Business Center financial program will revamp to meet challenge posed by return of Lou Dobbs as host of CNN's Moneyline News Hour; program will be expanded by half-hour; was regular second-place finisher to Moneyline before Dobbs left to pursue other interests; photo (S)
The Hard Part to Come, Murdoch Beats Forecasts
Date: 10 May 2001
By Seth Schiesel
Seth Schiesel
News Corp reports sharp decline in earnings in most recent quarter, but says results exceed Wall Street's expectations; operating income in quarter ending in March fell to $356 million, from $417 million in previous year; revenue increased to $3.27 billion from $3.24 billion (S)
Metro Business Briefing
Date: 10 May 2001
By
NEWS ON OLD NEWS BUILDING The sale of the landmark Art Deco skyscraper on 42nd Street that once housed The Daily News is drawing to a close. According to real estate executives, the owners of the 37-story, 1.1-million-square-foot building at 220 East 42nd Street recently winnowed the list of bidders to three, including Aby Rosen and SL Green, a real estate investment trust based in Manhattan. The skyscraper was something of a success story for its owners, Steven C. Witkoff and Dreyfus Realty Advisors. Mr. Witkoff bought the tower in 1996 for $101 million, after The Daily News moved out. He quickly signed a lease with Omnicom for most of the vacant space in the building, enabling him to get a $140 million mortgage for the property.
Silence Ordered in Giuliani Divorce
Date: 10 May 2001
Acting Justice Judith J Gische of New York State Supreme Court imposes rule of silence over Mayor Rudolph W Giuliani's divorce case, ending any public comment by parties involved (S)
Metro Business Briefing
Date: 09 May 2001
By
HALE HOUSE INQUIRY WIDENS The state attorney general's office said yesterday it would investigate allegations that donations to Hale House, the Harlem children's shelter, were used to shore up a failing off-Broadway musical produced by the husband of the charity's president. The Daily News reported yesterday that Dr. Lorraine E. Hale and her husband, Jesse DeVore, funneled $500,000 to Mr. DeVore's show, "Faith Journey," which was based on the life of the Rev. Martin Luther King Jr. Both Dr. Hale and Mr. DeVore, the charity's public relations director, agreed earlier this week to resign from Hale House, and a new interim board of directors was named. It is expected to name Edna Wells Handy, a former general counsel for the city's Health and Hospitals Corporation, as the charity's interim executive director.
Metro Matters; A Scandal Unadorned By the Media
Date: 10 May 2001
By Joyce Purnick
Joyce Purnick
Joyce Purnick Metro Matters column discusses lack of media attention on New York City Mayor Rudolph Giuliani's divorce from Donna Hanover and his relationship with Judith Nathan (M)
A Hard Choice in Peru
Date: 09 May 2001
By Steven Levitsky and Cynthia Sanborn
Steven Levitsky
Op-Ed article by Profs Steven Levitsky and Cynthia Sanborn says Peruvians face difficult choice in upcoming presidential runoff election pitting Alejandro Toledo, inexperienced leader dogged by personal credibility problems, against ex-president Alan Garcia, who still faces charges of corruption and responsibility for gross human rights violations and who generated worst economic crisis in Peruvian history; says what is being overlooked by international media is impressive steps being taken by interim Pres Valentin Paniagua in rooting out corruption and strengthening public institutions; says this process may be critical to laying foundation for democracy no matter who wins election (M)