Richard Ravitch, who helped New York weather its fiscal crisis in the 1970s, was named by the judge overseeing Detroit’s record municipal bankruptcy as a court adviser to help evaluate that city’s debt-cutting plan.
Airbnb Inc., an alternative to hotels in thousands of cities, plans to challenge a New York state demand for information into whether the online, home rental service violates housing and occupancy tax laws.
Nestle SA offered to lift obstacles to rivals that make knockoff capsules for Nespresso coffee machines in France, aiming to end a probe by the competition regulator in the largest market for the iconic brand.
Consolidated Edison Inc. was sued by retail natural-gas suppliers seeking to block the utility from passing on costs they claim stem from the company’s bad predictions for gas demand last winter, the coldest in 30 years.
Automakers love concept cars and, as per usual, you’ll find an oddity or two at this week’s New York International Auto Show. Of those concept vehicles, few are unlikely to ever get off, or rather on, the ground.
In New York, 69 percent of the population rents and the remaining 31 percent are homeowners. And in the past year the New York real estate market has seen an 9.5 percent increase in value, with a median sales price of $505,600, according to Zillow.