Entries from Gothamist tagged with 'stockexchange'
January 17, 2008
Today on the Gothamist Newsmap:a large crowd at 165th St. and Jamaica Ave. in Queens, a robbery on Fox Ave. on the Bronx, and a serious multi-vehicle accident in Manhattan at 36th St. Space for a supermarket at the new Booklyn Bridge Park/Condo development is an inviolable piece of public property. Was the Trump Soho's concrete not dry enough when the forms were taken away, causing the collapse? New York Stock Exchange is buying......
Continue Reading "Extra, Extra"August 16, 2007
Dow Jones Industrial Average dropped more than 300 points by mid-day as worldwide financial markets worry about the U.S. credit market. The Dow Jones, as well as the Standard & Poor's 500 and Nasdaq, have lost 10% since July, and a strategist at Absolute Strategy Research tells the Times, "The psychology is shifting notably today. When a market drops by 10 percent, people start to feel it in their portfolios. People are used to......
Continue Reading "Stock Market At Its Most Volatile Since 2002"July 11, 2007
There's a thought-provoking essay in the Observer suggesting it's time to take down the huge American flag in the heart of the terminal. The flag was placed in Grand Central soon after September 11, 2001, and MTA Metro-North spokeswoman says the flag's "nearly four stories tall" size is "basically unprecedented." (There is also a smaller, standard sized flag in the hall.) John Lumea explains how icons work in public spaces and how public spaces......
Continue Reading "The Flag in Grand Central Terminal"June 27, 2007
BASEBALL: We're in the midst of Baseball Fever Week at The Museum of the City of New York. Their doors are open all week, whether you're a Mets or Yankees fan. Have a drink and check out their Glory Days exhibit, chronicling the good 'ol days of baseball in New York City. The glory days, FYI, were 1947-1957. 5 to 9pm // Museum of the City of New York [1220 5th Ave at 103rd......
Continue Reading "Pencil This In"June 20, 2007
Today on the Gothamist Newsmap: An escaped prisoner from Elmhurst Hospital, an unusual crime on 42nd Street between 8th and 9th Avenues in Manhattan, and a water rescue at Coney Island Is John Liu a born-again preservationist? Tiffany & Company and company opened its first store on Lower Broadway in 1837 before moving uptown to its present location. 170 years later, the company is reversing direction and will open a Tiffany & Co. store......
Continue Reading "Extra, Extra"March 20, 2007
Yesterday, the police arrested 44 protesters who laid down in front of the New York Stock Exchange, and our videographer Kelly Loudenberg was on the scene. Over 100 people had gathered to block entrances - and draw attention to the companies that are making millions and billions off the war - but no trade was disturbed. The War Resisters League told the AP that only five protesters remained in custody yesterday evening; they will......
Continue Reading "Video of the Day: Anti-War Arrests on Wall Street"February 28, 2007
Yesterday, the Dow Jones industrial average fell 416 points (a significant 3.3% drop) after a plunge in Shanghai's stock market. Well, now the Asian stock markets have fallen again, because investors are worried about the American economy! The NY Times reports that share prices rebounded in China, rising "nearly 4 percent today after state-controlled media reported that the government might allow greater foreign investment in Chinese stocks and would not impose capital gains taxes on......
Continue Reading "Wall Street Hopes to Recover After Bad Day"January 1, 2007
The confetti is swept away. Champagne bottles are emptied. It’s 2007, do you know where your New Year’s resolutions are? Probably not. Resolutions are often unattainable or just plain boring. But for those still looking for some noble acts of self-sacrifice, it’s not too late— city programs offer some unique and helpful activities for your first weeks in the New Year. Exercise with the NYC Parks and Recreation Department, Jan 2- Jan 6: visit 20......
Continue Reading "City Programs for the New Year"December 20, 2006
A better Wall Street story than those crazy big bonuses brokers are getting: The grandson of late Giants owners Wellington Mara got into a fight with another broker on the floor of the New York Stock Exchange. What caused the fight? The other broker's joking words about how crappy the Giants are! The Post had the details from the broker, Bob Tomasulo, who Stephen Mara "choked and tackled", as well as otherwitnesses. Apparently Eagles......
Continue Reading "Fighting Words on Wall Street"December 5, 2006
Occasionally, Gothamist gets great email from our readers. And there are all the rest-- which mainly fall into the "self-promotion" or "disturbing" categories. Here's one: Hi Jen-- I don't know how any work got done at the New York Stock Exchange today, seeing as how everyone seemed to be hanging out the window staring at my portrait of Richard Grasso. Here's a release and I've attached two photos. RICHARD GRASSO RETURNS TO WALL STREET......
Continue Reading "Dear Gothamist: Admire My Dick Grasso"August 14, 2006
-- Dobkin Sr. uses a legal loophole to keep Tivoli Gardens in Crown Heights rent controlled through 2024. That's some good lawyering. -- Speaking of housing law, what happens "When Your Landlord is a Cat?" -- We've always said that yellow taxis needed more frogs. -- Has Verizon wired your building with fiber optic cable? We're still using DSL over copper wires like suckers! -- Ok, this pomeranian cuteness is getting completely out of......
Continue Reading "Extra, Extra"April 28, 2006
- Sadness fills the NYSE as the Stock Exchange Luncheon Club closes its doors. - The image of Bill Buford lugging a whole pig around on the front of his Vespa so he could take it home and butcher it is enough to keep us smiling all day. Only in New York. [New Yorker] - Megnut turns her focus to food. Yum. - And some of us are very happy not to live in Chicago......
Continue Reading "Tidbits"March 8, 2006
Over 200 years ago people gathered under a tree near one end of Wall Street and traded securities. From those quaint beginnings, the New York Stock Exchange rose to become the most prominent exchange in the world and now you can own a piece of it. For years that privilege was only available if you had some serious coin and one of the 1,366 seat holders was willing to sell. Now, for about $72 plus......
Continue Reading "Wall Street Goes Public"August 30, 2005
Even successful businessman are stupid! Edward Reiss, member of the New York Stock Exchange, was "busted" for leaving a message threatening to kill another NYSE member. And in the brilliant move, Reiss left the message on his "victim"'s lawyer's voice mail. The Daily News reports that he allegedly left a message saying, "[William Higgins] better be careful when he starts his car" (Reiss and Higgins were fighting over the NYSE's merger with an electronic trading......
Continue Reading "NYSE Member Not Nice"March 29, 2005
Kudos to New York magazine for turning former Police Commissioner Bernard Kerik, currently laughingstock after being a September 11 "hero," into a crying, blubbering mess in their exclusive interview as he recounts the unraveling of his nomination as the head of Homeland Security. Gothamist was struck by how weepy Kerik was, like he was watching Brian's Song...Oprah producers are probably all over him to appear again, this big tough cop reduced to tear. The NY......
Continue Reading "Bernie Kerik in NY Magazine: Boo Hoo, Boo Hoo"March 8, 2005
Gothamist is giddy over finding the New York Architecture Game, because with all this talk of rich dudes trying to make their mark on the city gives us serious urban development envy. Conceived by the world-renowned game designer Thomas Fackler, The New York Architecture Game challenges players as it explores the architectural feats that went into constructing 24 New York City landmarks, including the Empire State Building, the Guggenheim Museum, the New York Stock Exchange,......
Continue Reading "The New York Architecture Game"January 14, 2005
I was just hired full-time at a small but rapidly growing media company, and guess what? We don't have Martin Luther King, Jr. Day off! I'm kind of ticked at this, not just because I want a 3 day weekend, but I don't like how it's treated as a 2nd-tier holiday. Do most people have to work on Monday? How are you commemorating the holiday? City schools, post offices, the public libraries, the New York......
Continue Reading "MLK Day"December 21, 2004
One of downtown's symbols of the economy, the "Charging Bull" sculpture by Arturo Di Modica, is for sale: DiModica is offering to sell the bull sculpture for $5 million, BUT the sculpture must stay in its Bowling Green Park home and be donated to the city. DiModica wants to raise money for some of his other projects, and his brokers have been talking to "different individuals and institutions." Gothamist thinks lots of Wall Street firms......
Continue Reading "Bull Market Jokes Here: Wall St. Sculpture For Sale"August 3, 2004
Amid the terror alerts and warnings, yesterday was pretty much like any other summer day in the city, except with a bit more noticeable police presence, less truck passings into Manhattan, and a politician or three in the building. The NY Times looked at activities in the five targeted buildings yesterday. The First Lady and the First Twins visited the Citigroup building on East 53rd Street; the Mayor and Governor Pataki also visited the Citigroup......
Continue Reading "City Does It Thing During Terror Alert"August 2, 2004
The big news of the weekend, and probably the rest of the week, are the Washington > U.S. Warns of Terror Threat Against Financial Buildings" href="http://www.nytimes.com/2004/08/01/politics/01CND-THRE.html?ex=1249099200&en=368023856cb1084e&ei=5090&partner=rssuserland">terror threats against financial buildings in NY, NJ, and DC - the Citigroup building and NY Stock Exchange in Manhattan, the Prudential building in Newark, and the World Bank and IMF buildings in DC. Mayor Bloomberg and Commissioner Kelly have emphasized that the city has stepped up police presence in......
Continue Reading "A New Month, A New Bunch Of Terror Fears"July 21, 2004
Besides taking a $139 million payout and Business > Grasso Countersues Stock Exchange for $50 Million" href="http://www.nytimes.com/2004/07/20/business/20CND-NYSE.html?hp">suing the New York Stock Exchange for $50 million, former NYSE chairman Dick Grasso is also good at looking like iconic TV characters. In this instance, Gothamist was struck by the eerie resemblance between Grasso and everyone's favorite insane millionaire boss, Monty Burns. Previously, Gothamist noticed his similarity to the Brain of Pinky and the Brain. Now all Grasso......
Continue Reading "Dick Grasso's Excellent Lawsuit"April 21, 2004
Amtrak, after taking the blame for the crash that injured over a hundred people at Penn Station, says that it was engineer error that caused an Amtrak train to rear-end a LIRR train. Some speculate that the engineer, who has been placed on upaid leave, was distracted and applied the brakes too late when coasting into one of the station's platforms. Gothamist has always wondered about gauging when to apply the brakes to trains, namely......
Continue Reading "Human Blamed For Penn Station Crash, Not Powerful Computer"December 29, 2003
These photographs of Mayor Bloomberg are from a week and a half ago, but they are timeless in Gothamist's book. There's the logo's funny triangle above his head (like a weird hat) while he closes the New York Stock Exchange. And then he's with young carolers, making us hum "Which one of these things is not like the other? Which one of these things is not the same?" Of all the initiatives Mayor Bloomberg......
Continue Reading "Oldies But Goodies"September 18, 2003
New York Stock Exchange chairman Richard Grasso, after weeks of controversy, resigned yesterday over his $139.5 million payout last year. Grasso, who worked his way from a lowly position to the chairmanship over 36 years, was generally considered an excellent manager. He also brought the tradition of celebrities ringing the opening bell to the trading floor, which injected "glamor" into the gritty trading floor. Though he was a public face of capitalism and was......
Continue Reading "Greedy Grasso Resigns NYSE"
