Bank of New York Mellon Corp. plans to sell Manhattan’s 1 Wall St., the Art Deco skyscraper that serves as its corporate headquarters, and has hired brokers to find a smaller amount of space to lease elsewhere.
New York Mayor-elect Bill de Blasio’s choice of Dean Fuleihan as budget director may bolster his relationship with state lawmakers, who must approve his signature plan to fund early-childhood education.
During a meeting in the West Wing of the White House this month, President Barack Obama’s aides posed an unusual question to business leaders across the table: How can the administration help House Speaker John Boehner?
When New York mayoral candidate Bill de Blasio first proposed taxing the rich so every child in the city could attend all-day preschool, it was October and he had support from fewer than 10 percent of Democrats in polls.
After 12 years of Mayor Michael Bloomberg boosting New York’s finance industry, Wall Street is adjusting to the almost inevitable election of Bill de Blasio, who is campaigning against income inequality and calling for higher taxes on the rich.
New York Mayor Michael Bloomberg enters 2012 facing the prospect of 10,000 lost Wall Street jobs and a budget deficit that may make it more difficult to build on gains in health, education and public safety.