New York State is looking more closely into the alleged role banks played in rigging the interbank lending rate known as Libor.
The area around the new Barclays Center Arena in Brooklyn has become a new bar and restaurant hotspot. But it has some owners wondering if arena crowds and neighborhood locals can coexist at their eateries.
The New York Stock Exchange is canceling trades at six companies after 140 stock prices pitched up and down by more than 30-percent in a short period.
The City Council approved New York University’s contentious expansion plan in Greenwich Village on Wednesday despite continued opposition to the proposal from faculty and neighborhood groups.
Consolidated Edison and the union representing about 8,500 of its workers said bargaining talks on a potential new contract would resume Thursday morning.
It was a long day for New York utility Consolidated Edison and the union representing its employees, as the two sides engaged in talks until late into the night. It was the first time the two sides have talked since Sunday, when the contract expired and workers were locked out.
Residents concerned about traffic and congestion around the new soon-to-be-opened Barclays Center arena in Brooklyn have until Tuesday, July 3, to submit written comments to Empire State Development, the state agency overseeing the project.
Port Authority chairman Patrick Foye said he is “very concerned” about a construction accident at the World Trade Center site on Wednesday in which a crane broke several windows.
The New York City Council has released its spending plan for $49.7 million in discretionary funds for fiscal year 2013. The money will pay for a variety of community based programs across the five boroughs, but it won’t necessarily be evenly spread.
Global Container Terminals USA in Jersey City, N.J., has secured an $11.4 million federal grant to buy two new cranes. Federal officials said the money will reduce truck traffic and diesel emissions in the state, as well as create jobs in the region.
A 36 count indictment accusing four black men of raping and prostituting an Orthodox Jewish girl in Crown Heights is now in question.
A City University of New York program designed to improve the notoriously low graduation rates of low-income community college students appears to be working, according to preliminary results of an independent study.
Town and gown disputes between Greenwich Village and the sprawling university date back to the 1800s. But now increasingly NYU faculty and staff are joining with residents to oppose the school’s plan.
One World Trade Center is New York City’s tallest building, but a design change could jeopardize its anticipated distinction as America’s tallest building.
(New York -- WNYC) New York City and surrounding suburbs currently blow past smog limits set by the U.S. Environmental Protection Agency.
The agency’s latest data, released Tuesday, found that forty-five areas of the country fail to meet air quality standards for ground level ozone.
The standards were set by the Bush Administration in 2008. They allow 75 parts of smog per billion cubic feet of air. As you can see on the map below, pockets of the country in almost all regions fail to meet air quality standards, but the bulk of "nonattainment" areas are along the Northeast corridor and throughout California. (See the EPA's designations for each area here.)
The agency said that the noncompliant areas were assigned a classification based on how close they are to meeting the standards. The classifications range from marginal to moderate, serious, severe and extreme. Most of the areas that do not meet the standards, including the New York region, are classified as marginal – that is, closest to meeting the standards.
The EPA said it expects these areas would be able to comply within three years, usually as a result of recent and pending federal pollution control measures.
“The standards are too weak,” said Frank O'Donnell, president of the DC-based non-profit environmental group Clean Air Watch. O’Donnell is pushing for the EPA to move ahead with low-sulfur gasoline. “Now that gasoline prices are dropping, we urge the House Energy and Commerce Committee to drop plans to kneecap EPA authority to see cleaner gas standards,” said O’Donnell.
New York City Mayor Michael Bloomberg’s office said in a statement that the city has made progress on cleaner air... cutting greenhouse gasses by 12 percent below 2005 levels.
In an email, an EPA spokeswoman said it was a “coincidence” that the data was released on May 1st, World Asthma Day. Smog can reduce lung function and aggravate asthma.
New York City and its surrounding suburbs exceed smog limits set by the U.S. Environmental Protection Agency — but not by much.
On May 25th, 1979, six-year-old Etan Patz waved goodbye to his mother at his front door in Soho to take the bus by himself to school for the very first time. Etan never made it to school, and President Ronald Reagan named May 25th National Missing Child Day in his honor. Now, 33 years later, police began scouring the basement of a building just two blocks from his home, following a lead that there may be evidence there. Janet Babin, reporter for Takeaway partner WNYC, was at the scene yesterday.
Most New York University professors oppose the university’s downtown expansion plan, according to a new survey.
Air travelers in the New York area who want to improve their chances of leaving on time might want to fly out of LaGuardia. The airport posted big gains in on-time departure statistics over last year, while JFK International Airport only improved somewhat, and Newark International landed on the bottom.
LaGuardia ranks 6th among the nation's 29 major airports in on-time departures so far this year, according to statistics released today from the U.S. Department of Transportation. That compares to January - February 2011, when LaGuardia ranked a lowly 23rd in on-time departures.
JFK International Airport did see some improvement, but the change was not as dramatic as at LaGuardia. JFK ranked near the bottom of the list in on-time departures last year; so far this year the airport ranks 12th when compared to the nation’s 29 major airports.
Last year’s January blizzard in New York, along with record setting snowfall levels in the region last winter, may have been a factor in LaGuardia’s improved departure performance this year. But if weather were the only factor, similar gains would have likely been seen at JFK and Newark. And that was not the case.
And weather can’t account for Newark International Airport’s on-time departure record; it’s even worse than last year, despite the mild weather. The airport ranked last among the nation’s biggest airports so far this year for on-time departures. In January and February of 2011, it ranked 27th.
The data also ranks the on-time arrival rate of major airlines. Virgin America topped that list; it had the highest on-time arrival rate of the 15 airlines that file statistics with the Bureau of Transportation; while United Airlines had the lowest.
New York University has agreed to scale back massive downtown expansion plan, following requests from Manhattan Borough President Scott Stringer.