Lower Manhattan News
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Updated 50 minutes ago
SAC Capital Advisors LP founder Steven A. Cohen has been subpoenaed to testify before a grand jury in New York as part of the U.S. government’s five-year crackdown on insider trading.
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World Trade Center Properties LLC lost its bid to prevent American Airlines and its parent AMR Corp. from raising “act of war” as a defense to its alleged negligence in the Sept. 11, 2001, terrorist attacks.
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Developer Larry Silverstein said he plans to start building an 82-story hotel-and-condominium tower a block north of the World Trade Center site in lower Manhattan late this year, after getting a $660 million loan.
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New York Assembly Speaker Sheldon Silver was more interested in protecting his chamber than female employees of fellow Democrat Vito Lopez who accused the Brooklyn lawmaker of sexual harassment, a special prosecutor said.
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Verizon Communications Inc., the second-largest U.S. phone company, will sell or lease out about half the space in its Manhattan headquarters, part of a move to cut costs and raise cash in a rebounding real estate market.
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Arcadis NV, the biggest Dutch designer of bridges and dikes, won an order to evaluate options for flood prevention in New York as the city works to avoid a repeat of the destruction last year by superstorm Sandy.
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A former GE Capital associate with a fuchsia handgun on his $185 lilac tie gave out his business card near a Danish man twirling a Turkish woman. An American International Group Inc. employee left out his firm’s name when he said he works in risk.
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New York police and event organizers are beefing up security after the Boston Marathon bombings to protect a Revlon Inc.-sponsored charity race through midtown Manhattan and a citywide bicycle tour this weekend.
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The wreckage found last week in lower Manhattan and believed to be from one of the planes in the Sept. 11, 2001, terrorist attacks came from a Boeing 767, a technician for the company told investigators.
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UBS AG, the Swiss bank that is cutting about 10,000 jobs, plans to move out of almost three-quarters of the space it rents at Manhattan’s 299 Park Ave. as it seeks to reduce real estate costs.
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