MIAMI'S once-sizzling realestate market has certainly cooled off, but perhaps not by as much as redicted. In a city oozing with the vested interests of owners, renters, potential buyers, investors, brokers and developers, it's diffi cult to get an...
Merrill Lynch tapped New York Stock Exchange chief John Thain yesterday to take over for ousted CEO Stan O'Neal amid mounting losses that have left Wall Street's biggest brokerage firm demoralized and scrambling to get back on its feet. The move...
Two more beleaguered banks - Bear Stearns and HSBC - took bold steps yesterday to sweep out additional billions in junk securities soiling their books, and got investor applause for the first time in weeks. Bear Stearns said it would write down an...
Defunct hedge fund Amaranth Advisors sued JPMorgan Chase, accusing the bank of sabotaging its efforts to stave off collapse. Amaranth, which lost $6.5 billion, or 65 percent, of its assets in September 2006 on bad natural gas bets, claims the bank...
Conrad Black's 15 minutes of fame aren't up yet. A portrait of the dethroned press baron painted by Andy Warhol fetched a higher-than-anticipated $240,000 at an auction at Christie's yesterday. The silver silkscreen was one of a series of four...
Seven months ago, Josh Woodward, a restaurateur who owns South Beach's Table 8, signed what he thought would be his last short-term lease. Tired of renting, he was ready for his own piece of the real-estate pie. "I felt like a chump for missing out...
A New York hedge fund with a reputation for savvy technology investments is making a big bet on the shares of chipmaker Advanced Micro Devices. Galleon Group, a $7 billion fund based in Midtown, has recently purchased "several million shares" of...
Macy's drop Macy's had a third- quarter profit of $33 mil lion, or 8 cents a share, vs. a loss of $3 million, or 1 cent, a year ago. It cut its fourth-quarter sales forecast, sending shares down the most in more than five years, by $2.18, or 7.1...
Wall Street closed an uneasy session lower yesterday as investors, uncertain if the worst of the credit crisis is over, refrained from extending Tuesday's huge advance. Stocks moved up and down for much of the day before sinking in the last...
Upper East Side $6.475 million It's not quite Gracie Mansion, but it sure is close (geographically, anyway). This "fabulous" prewar co-op at Gracie Square, overlooking nearby Carl Schurz Park, is certainly mansion-esque, thanks to its large...
If RFD-TV, the start-up cable network focused on life in rural America, manages to get carried on systems like Comcast or Time Warner Cable, it more likely will have Federal Communications Commission Chairman Kevin Martin to thank rather than...
As everyone in Miami asks, "What's it worth?," real-estate auctions are making a big comeback. After all, what better way to gauge fair-market value than selling through a public forum to whoever's willing to pay the highest price on a given day?
In one of the year's biggest office leasing coups, the owners of 200 Fifth Ave. have lured advertising giant Grey Group from Midtown to the vacant former International Toy Center overlooking Madison Square Park. The deal comes just as large-scale...
Midtown East $1.695 millionBedrooms: 2 Bathrooms: 2 Square feet: 1,350 Common charges: $1,175This "spacious" condo on East 49th Street makes the most of its size, with the two bedrooms on opposite sides of the apartment - each with a marble bath -...
