Lisa Chow

New York, NY —

The Securities and Exchange Commission placed a 10-day ban on the short selling of nearly 800 financial stocks, but some economists are wondering if it's the right move. WNYC's Lisa Chow reports.

Charles Jones is a professor at Columbia Business School.

He says when the stock market ...

New York, NY —

The British Bank Barclays has agreed to acquire Lehman Brothers' North American investment banking and capital markets businesses for $250 million in cash, and will also purchase Lehman's New York headquarters and its two data centers in New Jersey for $1.5 billion.

This deal could be ...

New York, NY —

The mood outside Lehman Brothers today was more optimistic than you might expect. Carmine Visone is a managing director and has worked at the investment bank for more than 35 years.

REPORTER: He says he had a great run at Lehman, and that he'll survive, as ...

New York, NY —

New York State's top environmental official says the city's water supply will not be threatened by drilling for natural gas upstate.

Environmental Conservation Commissioner Peter Grannis spoke yesterday at a City Council hearing to allay fears about chemical contamination in the water and the need for ...

New York, NY —

In a time of plunging CD sales and the growth of Internet file sharing, musicians have to rethink their approach. WNYC's Lisa Chow reports on how some people could make music pay.

REPORTER: It is possible to make money making music even if some don't see ...

New York, NY —

Struggling musicians will do anything to get more fans. Band members will spend hours handing out flyers, maybe hanging posters. They'll even work for free in public places like parks and subways. WNYC's Lisa Chow finds that they will even perform inside your home.

New York, NY —

State leaders are close to a deal that would let the "New York Racing Association" - also known as NYRA - continue managing Aqueduct, Belmont and Saratoga racetracks for the next 25 years.

Senate Majority Leader Joseph Bruno says the state will bailout the bankrupt NYRA, ...

New York, NY —

REPORTER: Two of the 4 aren't predicting a recession, but they noted some troubling signs - including a major dip in home construction, a credit crunch that forces consumers and businesses to pay higher interest rates on loans; and weaker consumer spending.

To which Spitzer responded...

SPITZER: ...

New York, NY —

A company that analyzes mortgages for Wall Street banks has agreed to cooperate with state prosecutors in an investigation of the banks' role in the sub prime mortgage crisis.

REPORTER: Clayton Holdings works with banks to review loans before they're turned into securities and sold to ...

New York, NY —

REPORTER: Mayor Bloomberg has rolled out a $58.5 billion budget plan, featuring cuts throughout city government, including the Education and Police Departments.

Police Commissioner Ray Kelly says the reductions are manageable.

KELLY: Budget cuts are necessary. You never like them. It's uncertain times, but I think the ...

New York, NY —

There's so much mercury in tuna sushi sold at some New York City restaurants, that New Yorkers would ingest more of the toxic metal than the federal government recommends, if they ate six pieces a week.

REPORTER: Lab tests commissioned by the New York Times also ...

New York, NY —

Con Ed was under tough questioning today, as city council members looked to force the utility to accept responsibility for last summer's deadly steam pipe explosion.

REPORTER: Speaker Christine Quinn pressed Con Ed's William Longhi for a statement of responsibility.

QUINN: Who's fault was it? God's, yours, ...

New York, NY —

It might be a good time to cash in your gold coins and jewelry. Gold prices set a record high this week, reaching above 900 dollars an ounce. It's a sign investors are losing faith in stocks, bonds and currencies, and they're hankering to put ...

New York, NY —

The housing market slowdown has finally touched New York. The city's annual assessment roll, considered the most authoritative account of city property values, showed market values increased by just 1.4 percent last year, compared to 19 percent in 2006.

REPORTER: Finance Commissioner Martha Stark says she's ...

New York, NY —

The sub-prime mortgage crisis continues to play out on Wall Street. Investment banks Bear Stearns and Morgan Stanley reported quarterly losses last week, writing down their mortgage assets by billions of dollars.

WNYC's Lisa Chow reports on what that might mean for this year's bonuses.

So far, ...

New York, NY —

Fewer flights will go in and out of New York City airports, starting next year. Transportation Secretary Mary Peters announced a decision to cap the number of flights at Kennedy airport.

REPORTER: Starting in March, JFK will be allowed 82 or 83 flights per hour during ...

New York, NY —

Hoping to combat rising obesity and diabetes rates, city leaders want to encourage more fruit and vegetable street vendors in low-income neighborhoods. The city plans to issue 15-hundred new permits for produce vendors for Harlem, Jamaica, Bed-Stuy, and south Bronx.

REPORTER; Ulysses Kilgore, president of the ...

New York, NY —

One man was seriously injured this morning at a construction site in Lower Manhattan, after a crane dropped a load of construction materials onto a office trailer.

REPORTER: A spokesman for builder Tishman Construction says the crane was lifting long metal rods to the 13th floor ...

New York, NY —

Here's the conventional view of why foreclosures have spiked in the US - low teaser rates lured borrowers into risky sub-prime loans. The rates reset, the payments exploded and a massive number of borrowers were forced to default on their mortgages. One economist challenged this ...

New York, NY —

New York City's public housing stock may be greener and more energy efficient in the years to come. The city's housing authority is working in partnership with the federal housing agency and President Clinton's foundation to retrofit its more than 2600 buildings.

REPORTER: Clinton says buildings ...