And the city just keeps getting better for men! According to a study released by City Comptroller John Liu's office last week, New York is one of the best places for men with college degrees to make money before they turn 30. Young men here typically earn $256,000 more over their lifetimes than peers in other parts of the country. They also tend to blow all that extra cash on Jägerbombs in Murray Hill. more ›

Goldman Sachs announced that its first quarter profit was $3.46 billino—91% higher than last year—but the big numbers didn't boost its stock, which fell 12% last week after the SEC accused the firm of purposefully duping clients. Goldman's general counsel told analysts today, "We would never intentionally mislead anyone, certainly not our clients or counterparties. We certainly had no incentive to design a transaction that was designed to lose money," and Goldman CEO Lloyd Blankfein said in a statement, "In light of recent events involving the firm, we appreciate the support of our clients and shareholders, and the dedication and commitment of our people." more ›

Goldman Sachs announced record earnings today: According to the NY Times, "The bank said that for 2009, it earned a profit of $13.4 billion on revenue of $45.2 billion," and 4th quarter earnings of $8.20/share, beating estimates of $5.20/share. But the bigger news may be the fact that the bank started to slash its bonus pool. more ›

Luxury retailer Tiffany announced that its 4th quarter earnings dropped 75% during the holiday shopping season. Crain's reports, "Its adjusted results beat Wall Street forecasts, but Tiffany is predicting 2009 earnings from continuing operations below Wall Street forecasts." Chairman and CEO Michael Kowalski said, "We have not yet seen signs of an upturn in our business with worldwide sales in the quarter-to-date declining more than 20 percent, which is inline with our expectation, due to varying degrees of softness in all three regions. Our planning is based on the assumption that economic conditions will remain challenging throughout the year." Oh, so is this why rich people aren't supposed to be taxed? So they can buy stuff at Tiffany? more ›

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