Rep. Anthony Weiner's biggest donors in New York City are mixed about whether to continue supporting the Democratic Congressman, whose online sex scandal has captured newspaper headlines for days.
Contrary to a popular belief that public pension costs will eat up more and more of city spending, a report by New York City's Comptroller Office says pension costs will actually decline as a percentage of the city's budget starting in 2016.
Heavy rainfall in the region during the spring months has caused delays in harvest times for local farmers. With the region seeing significantly more rain this year - in New York City's case, 20 percent more than the historical average - local farmers bringing their produce to the city are reporting delays in their harvest times.
The cash-strapped owners of the New York Mets have agreed to sell a minority share of the team to hedge fund manager David Einhorn for $200 million in what could be considered a match between the winners and the losers of the financial crisis.
Politicians and economists have long said New York City's economy is extremely dependent on Wall Street — but new numbers from the New York Federal Reserve suggest that may be changing.
Rising energy prices are inspiring local farmers to get more creative. But they do have one big advantage: they're close to the biggest market in the country, which is New York City.
The 311 call center fields all manner of calls as New York City's non-emergency lien and veritable citizen help desk with inquiries that vary widely — depending on factors such as time of day and the weather — and with the goal of answered 80 percent of questions within 30 seconds.
The defense is set to call its first witness Monday in what the government calls the biggest hedge fund insider trading trial in U.S. history.
As the largest hedge fund insider trading trial in U.S. history enters its fifth week, prosecutors have called 14 witnesses and played 40 wiretapped telephone conversations in the case against Galleon Group founder founder Raj Rajaratnam.
The departing special inspector general for the Troubled Asset Relief Program, or TARP, said the government's efforts to modify loans and keep people in their homes was a "terrible failure."
New Jersey added 6,800 private sector jobs in February, but that wasn't enough to reduce the state's unemployment rate.
The chief executive of Goldman Sachs, Lloyd Blankfein, made a rare courtroom appearance on Wednesday, testifying for the government in a high-profile insider trading trial.
In the wake of the natural disaster in Japan, analysts worry factory shutdowns there could slow shipments of popular cars to U.S. — including Toyota's Prius and Honda's Fit — and the shortages could spread to other models.
So far, former executives at Intel, McKinsey, and an outsourcing company called PeopleSupport have testified in the Manhattan trial of Raj Rajaratnam, the billionaire hedge fund manager who's accused of participating in an insider trading conspiracy that earned him tens of millions of dollars.
While New York's official unemployment rate averaged 8.5 percent last year, new figures from the U.S. Labor Department show the rate would almost double if it included people working part-time because they couldn't find a full-time job or people who stopped looking all together because they were discouraged about finding a job.
Many New Yorkers with ties to Japan spent Friday trying to reach family, friends and co-workers affected by the earthquake and tsunami on the other side of the globe.
While federal prosecutors said they have the tapes to prove that billionaire hedge fund manager Raj Rajaratnam was engaged in insider trading, defense attorney John Dowd said the government is taking "snippets" of conversations recorded on wiretaps out of context.
U.S. architectural firms are finally starting to see more work come in after suffering three years of falling revenues and laying off 30 percent of their workers.
Banks have been posting huge profits, but bonuses are shrinking — a little bit, anyway.
New Yorkers are continuing to reduce their debts, including home mortgage and credit card balances, but they're doing it at a slightly slower pace than the rest of the country.