In the twilight of Mayor Michael Bloomberg’s tenure, a New York agency will vote next week to give developers $120 million in tax breaks for two of his signature projects: a new district of offices, apartments and shops on the far west side of Manhattan, and a hotel and mall in a Queens neighborhood filled with auto shops and junkyards.
New York Mayor-elect Bill de Blasio chose William Bratton to be the city’s next police commissioner, returning him to the job he held for two years until he resigned in 1996 after a falling-out with former Mayor Rudolph Giuliani.
After the flood of Black Friday advertisements and mailings, it may be hard for Americans to imagine that there’s a place on earth where the Christmas season matters more to retailers than the U.S. There is: Britain.
Support is growing for revisions to the New York state tax code including rate cuts, with Democratic Governor Andrew M. Cuomo and Republican legislative leaders proposing changes to every major levy in the state.
Linklaters LLP advised ThyssenKrupp AG, Germany’s largest steelmaker, on its agreement to sell its U.S. plant to ArcelorMittal and Nippon Steel & Sumitomo Metal Corp. as it seeks to offload operations that are the worst investments in its more than 200-year history.