Deutsche Bank boss Josef Ackermann is the latest executive to turn down a chance to be the top dog at Citigroup - a sign there could be more trouble at the country's biggest bank. Sources close to Citi, said Ackermann was contacted about two weeks...
The long vacant former Howard Johnson Restaurant in Times Square is finally coming back to life in one of the city's richest retail deals ever. The Post has learned that American Eagle Outfitters is flying into the prominent spot on the northwest...
Insiders An Ex-Morgan Stanley vice president and her husband, a former ING Investment Management analyst, were sentenced to 18 months in prison as a judge assailed the "pure greed" that drove them to trade on secret stock tips. Jennifer Wang and...
Hedge fund powerhouse Cerberus Capital Management, run by billionaire Stephen Feinberg, has escaped yet another ill-conceived deal tied to the meltdown in subprime mortgages. H&R Block, the biggest US tax preparer, yesterday agreed to let Cerberus...
WASHINGTON - Struggling mortgage finance giant Fannie Mae plans to slash its dividend by 30 percent and sell $7 billion in special stock to raise additional capital. The government-sponsored company said it's slicing the dividend to 35 cents a...
Conrad Black should do at least a couple of decades behind bars for his lack of remorse for looting millions from shareholders in his Chicago newspaper company, prosecutors told the judge overseeing the fraud case. "To this day, Black maintains...
After mostly sitting out the last Super Bowl, the major movie studios are back in full force for the big game. Five studios have bought pricey ad spots during the Feb. 3 game as they gear up for an ultra competitive summer blockbuster season...
Fuhgeddabout a home-loan crisis in the auto industry: dealers are using devices that can shut off cars when their payments are late. The gizmo is being used at more than 2,000 auto dealerships across the nation, and has virtually put the repo man...
AT&T's effort to monitor its Web traffic for pirated material will be duplicated by other Internet service providers, Hollywood's top lobbyist said. "Within the next few years all the major ISPs will be much more aggressive monitoring for people...
The toxic junk mortgage debt that's contaminating state pensions in Florida and Connecticut could also be showing up in New York State's powerful pension fund. Officials in Albany and in other state capitals are keeping an eye on the unfolding...
A Senate panel approved a bill that would put the brakes on a plan to let broadcasters own a newspaper in the same media market. The Senate Commerce Committee, on a voice vote, approved the Media Ownership Act of 2007, which would delay passage by...
THE Palm may help New Yorkers take a bite out of Downtown. 'Sauces' tell us a lease is out with the Italian steakhouse and Jack Resnick & Sons for about 9,000 feet at their new residential building at 200 Chambers St. where the asking rent is...
THE eagles have landed. Two refugees from the shrinking Felix Dennis print empire have been hired at heavy.com, a broadband video Web site for young guys in the 15-to-35-year-old demographic. Former Maxim editor-in-chief Jimmy Jellinek, who also...
U.S. retail sales rose last month by 2.5 percent as stores discounted items and offered online specials during what the National Retail Federation expects to be the slowest-growing holiday season in five years. Sales fell 2 percent from the week...
