Photograph outside Bear Stearns' offices on Friday by Mark Lennihan/AP It's the New York banking equivalent of the Enron meltdown: Bear Stearns has agreed to sell itself to JP Morgan Chase at a fire sale price. When Bear Stearns' 14,000 employees left work Friday afternoon, the bank's stock had already plunged almost 50% in value, closing at $30 a share. But today they found out something much, much, much worse: their company has been......

Employees at FreshDirect’s Plant Operations warehouse voted overwhelmingly against unionization over the weekend. Given options of joining either the United Food & Commercial Workers, the Teamsters, or no union at all, 80 percent of the employees voted “no union.” The vote comes in the midst of an ongoing labor crisis at the warehouse; over one hundred undocumented workers were forced out earlier this month as FreshDirect announced an imminent inspection by Immigration and Customs Enforcement......

Approximately 85 undocumented workers are being fired from the high-end grocery delivery company Fresh Direct on the on the eve of the holiday season because their status as U.S. residents is disputed. Dozens of workers filed out of the company's Queens warehouse. Fresh Direct blamed a federal probe for the axing of almost a hundred workers. According to the Daily News, "management insisted it carried out the purge under pressure from federal authorities to crack......

Yesterday Local One, the Broadway stagehands’ union, and the league of producers continued negotiations that had been stalled since last Sunday. Talks dragged on through the night and at 6:30am a union spokesman announced a 12 hour break. Though no details were given, it was said that “progress” had been made. An unnamed source told the Post that the two sides “had settled ‘the big issues’ and were continuing to hammer out details stalling a......

All across the Ist-A-Verse (or at least the American parts thereof), writers and editors are in the midst of enjoying their three-day weekend. But after the week we've all had, we feel like the break is not only needed, but deserved. Just look at everything we've been doing! Gothamist headed into the Memorial Day weekend with a number of tasks accomplished. They worried about Long Islanders giving New Yorkers a bad name. They tried......

- Another child dies from a family being investigated by the Administration from Children's Services - Most wanted celebrity: There's a warrant out for Natasha Lyonne - The police officer who died while pursuing a suspect happened to work at the World Trade Center site, after September 11 - Snap out of it! The house where Moonstruck was filmed is for sale! If only it came with Olympia Dukakis... - Another round of layoffs......

The MTA has suddenly "found" some money, thanks to higher-than-expected tax revenues, which means the proposed fare hikes and service cuts won't be as bad as previously thought. The magically appearing $400 million will ensure that a monthly Metrocard will go from $70 to $76 (versus $84), token both clerks will be "redeployed" instead of laid-off (but the 150 booths will still close), and another 900 layoffs will be avoided. The weekly Metrocard will......

For the love of seeing our billionaire mayor join the ranks of the service industry momentarily, check out the Mayor's appearance at the new Harlem IHOP on NY1. It's as good as him trying to man a cash register at the Get Organized New York event. This event was the IHOP's grand opening, even though it's been around for over a month, and the Mayor was joined by Congressman Charles Rangel in the festivities celebrating......