A prominent businessman, Rajat Gupta stands accused of abusing his position as a member of the board of directors of two major companies.

Federal prosecutors called their first witness in the insider trading case against former Goldman Sachs board member Rajat Gupta on Tuesday.

A federal prosecutor says a former board member for Goldman Sachs and Procter & Gamble gave inside information to a billionaire hedge fund founder.

New York City added an "eye-popping" number of jobs last month, according an analysis of monthly employment data.

Dozens of city-owned properties around the four outer boroughs were auctioned off to the highest bidder as the city spun off some assets Thursday in downtown Manhattan.

New York City is set to auction off dozens of city-owned properties across the four outer boroughs Thursday morning. It's the first such sale in almost six years, and if every piece is sold, it could bring in at least $6.7 million.

In the race for tech startups, New York City no longer lags far behind Silicon Valley and Boston, but is a growing powerhouse of well-funded technology companies. Tech startups may also be getting a boost from State Comptroller Tom DiNapoli. Seeking better returns than the bond or stock markets can offer, as trustee of the New York State Common Retirement Fund, DiNapoli has amped up investments in local startups.

Mayor Michael Bloomberg defended his administration's handling of applications to build a new applied science campus in New York City.

Michael Bloomberg, the media mogul-turned mayor, said Tuesday employment in media is booming – although the study he pointed to offered an incomplete portrait of the trend.

New Yorkers who use prepaid calling cards often get fewer minutes on the phone than they expected, according to a new study by Consumer Reports. They can also be hit with unexplained fees.

Fans of locally brewed beer will likely pay higher prices, unless brewers can convince lawmakers to create new tax advantages for them, after a court threw out two tax breaks that have fueled rapid growth in beer production in New York State.

A blistering report from the British Parliament on phone hacking at Rupert Murdoch's News Corporation is rocking the world of New York media.

Facebook is the most anticipated IPO in years. Soon anyone will be able to buy shares of the social networking giant on the Nasdaq exchange. But some investors have already been purchasing pieces of Facebook ― and many other hot stocks ― on private exchanges. These exchanges are lightly-regulated, and they are poised to grow, thanks to recent changes in securities laws.

James Giddens, the court-appointed trustee responsible for recovering $1.6 billion in missing customer funds from the bankruptcy of commodities broker MF Global, said current laws make it difficult to go after the assets of the company’s leaders.

The U.S. Supreme Court has declined to hear arguments in a case challenging the rent control and rent stabilization laws in New York City. That effectively means the laws, which are favorable to hundreds of thousands of renters, will stand.

City Council Speaker Christine Quinn introduced legislation Friday to require higher wages for workers on city-subsided economic development projects — a move that could end debate over the city’s role in bolstering the middle class and spurring business.

New York State’s economy added 21,500 private sector jobs in March 2012, the State Labor Department reported Thursday. But in a sign that the economic recovery may be flagging in the region, New Jersey reported losing 9,000 jobs last month.

New York Attorney General Eric Schneiderman is suing Sprint Nextel, one of the nation's largest wireless carriers, for failure to collect and pay state and local sales taxes over the past seven years, he announced Thursday.

Tuesday evening, at a ceremony attended by the stars New York's technology and venture capital scenes, Mayor Michael Bloomberg will congratulate the winners of a city-sponsored software competition, which includes $50,000 in prizes.

It's not clear whether the U.S. Supreme Court will hear a case that could decide the future of rent regulations in New York.