New York developer L&L Holding Co. is soliciting architectural firms to design an “iconic” office tower on Manhattan’s Park Avenue, just north of the street’s landmark Seagram and Lever House buildings.
Alvarion Ltd. predicts sales of its network gear will rise next year as wireless carriers seek additional bandwidth to cope with more people using mobile phones to surf the Web, Chief Executive Officer Eran Gorev said.
The 4-1/2-foot-deep pool on the roof of Manhattan’s Hotel Americano stayed free of swimmers last night as Cinema Society, DreamWorks Studios and Allure magazine hosted a party for the film “People Like Us.”
Diana DiMenna, wife of Joseph DiMenna, fund manager at Zweig-DiMenna Associates LLC, tried on a $35,000 Dior mink coat dyed purple to an approving audience gathered in the Southampton, Long Island, living room of Simone and David Levinson, chairman and chief executive of L&L Holding Co.
Teva Pharmaceutical Industries Ltd. said second-quarter profit rose 32 percent on increased sales of generic drugs in the U.S. and of Copaxone, the multiple sclerosis treatment that may face generic competition from Novartis AG and Momenta Pharmaceuticals Inc.
Teva Pharmaceutical Industries Ltd. declined the most in almost eight weeks after a U.S. Court denied a motion by the world’s largest maker of generic drugs to overturn a jury verdict on the validity of a Wyeth patent.