iOS app Android app

Bloomberg

How Budget Cuts at the Times Helped Give NYC Bloomberg III

Steven G. Brant | Posted 05.25.2011 | New York
Steven G. Brant

Why weren't Bloomberg's well-known plans for global business news domination a bigger issue in the recent mayoral race? There was a failure of reporting at the Times caused by budget cuts.

John Reed, Former Citigroup CEO, APOLOGIZES For Creating Monster Of A Bank

The Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

It may be the most direct apology of the financial crisis. Former Citigroup chairman and CEO, John Reed, has apologized to a Bloomberg reporter fo...

The Full Story of How Tim Geithner Secretly Bailed Out Wall Street at Your Expense

Henry Blodget | Posted 05.25.2011 | Business
Henry Blodget

One of AIG's goals last fall was to persuade the counterparties to the credit default swaps it had written to accept buyouts as low as 40 cents on the dollar. Then Tim Geithner, head of the New York Fed, stepped in.

BusinessWeek and Bloomberg: Congrats to the Happy Couple!

Stanley Bing | Posted 05.25.2011 | Business
Stanley Bing

It turns out that fewer magazines folded in 2009 than in the two years prior. While USA Today is way down right now, the Wall Street Journal has crept up to take its place.

PPIP: Banks 'Making A Killing' On Government Toxic Asset Program

Posted 05.25.2011 | Business

Remember the Public-Private Investment Program (PPIP)? The Treasury Department unveiled the program in March and intended it as a way to help banks un...

NYC Mayor Spent Record $102M To Win 3rd Term

AP | COLLEEN LONG | Posted 05.25.2011 | New York

NEW YORK — Mayor Michael Bloomberg spent at least $102 million to narrowly win a third term, breaking his previous records for the most expensiv...

Bloomberg Announces Massive Budget Cuts

nypost.com | Posted 05.25.2011 | New York

In one of the steepest budget cuts he's ordered in recent years, Mayor Bloomberg yesterday demanded spending slashes of 4 percent in fiscal year 2010 ...

Freelancers Hit With Tax After Reprieve

Village Voice | Camille Dodero | Posted 05.25.2011 | New York

Last week the Freelancer's Union sent an email encouraging its 75,000 members to go out and stump for Michael Bloomberg's reelection campaign. "Will y...

Tens of People Breathing Easier on Atlantic Yards Issue

Matt Rodigheri | Posted 05.25.2011 | New York
Matt Rodigheri

A slideshow from the Saturday March by Develop, Don't Destroy Brooklyn.

Gun Show Loopholes Tracked By New York City; Dealers Allowed Purchase To Undercover Gun Buyers Who Admitted Spotty Records

The Associated Press | Sara Kugler | Posted 05.25.2011 | New York

NEW YORK (AP)-- New York City officials secretly videotaped dozens of firearm purchases they say were illegal at gun shows in states that have not clo...

Bloomberg Drops Greenhouse Gas Initiative

New York Times | Posted 05.25.2011 | Green

After intense opposition from building owners, Mayor Michael R. Bloomberg has dropped the most far-reaching initiative of his plan for reducing greenh...

Morgan Stanley CEO Calls for More Regulation of Wall Street at Vanity Fair-Bloomberg Event

Katya Wachtel | Posted 05.25.2011 | Business
Katya Wachtel

Morgan Stanley CEO John Mack was cheekily ambushed by Bloomberg's Margaret Brennan Wednesday night.

New Coney Island Coming To Brooklyn After $100 Million Land Deal

AP | MARCUS FRANKLIN | Posted 05.25.2011 | New York

NEW YORK — The historic and mostly dormant Coney Island amusement park district in New York City will be revived by next summer with some new at...

Bloomberg Considers Charging $1,000/Year For Parts Of Site

Business Insider | Jay Yarow|Nov. 4, 2009, 9:22 AM |1 | Posted 05.25.2011 | Media

Bloomberg LP is mulling plans to charge for access to parts of its website, as well as parts of newly acquired BusinessWeek's website. Bloomberg is...

Bloomberg Sets Record For Personal Spending In Pursuit Of Public Office

nytimes.com | MICHAEL BARBARO and DAVID W. CHEN | Posted 05.25.2011 | New York

Michael R. Bloomberg, the Wall Street mogul whose fortune catapulted him into New York's City Hall, has set another staggering financial record: He ha...

Bloomberg LP Acquires BusinessWeek

Posted 05.25.2011 | Media

Bloomberg LP has agreed to acquire BusinessWeek from McGraw-Hill, the company announced Tuesday. The terms of the sale were not disclosed, though Bus...

Deck the Halls With Boughs of Economic Folly

Dan Dorfman | Posted 05.25.2011 | Business
Dan Dorfman

Anyone who thinks the U.S. is headed back to normality in terms of economic growth and employment is simply not looking at the facts.

Meredith Whitney: Banks 'Grossly Overvalued,' Wall St. Should Have Its Own Compass

Posted 05.25.2011 | Business

Wall Street analyst Meredith Whitney appeared on Bloomberg Radio this morning to respond to comments made by John Mack, the CEO of Morgan Stanley, tha...

What We're Not Saying: Why I Miss Eliot Spitzer

Will Schwartz | Posted 05.25.2011 | New York
Will Schwartz

We were perversely short-sighted with the way we handled Eliot Spitzer. We prioritized our blood lust for personal justice over our desire for effective public policy.

Mayor Bloomberg's Online Ad Blitz: The Final Tally

techPresident | Posted 05.25.2011 | Technology

Indeed, spending records from the New York City Campaign Finance Board show that Bloomberg handed over more than two million dollars to Connections Me...

The New York Times and Bloomberg Act as Stenographers for MSNBC on Anti-CNN Coverage

Charles Warner | Posted 05.25.2011 | Media
Charles Warner

Neither of two news stories made the connection between CNN's rating declines and the drastic change in its position on Time Warner Cable in New York, where 10 percent of America's televisions are.

Norm Pearlstine On BusinessWeek Purchase: "I Didn't Say The Magazine Has To Be Profitable"

The Wrap | Sharon Waxman | Posted 05.25.2011 | Media

I didn't say the magazine has to be profitable. What we've said is we have to run BusinessWeek as a business. But within the world of Bloomberg, there...

Harold Ford May Challenge Gillibrand For Senate Seat

Posted 05.25.2011 | New York

Just as Senator Kirsten Gillibrand thought she could breathe a little easier following news that GOP Rep. Peter King is "leaning against" seeking her ...

White House CEO List

politico.com | EAMON JAVERS | | Posted 05.25.2011 | Business

The White House has made a quiet but extensive effort to reach out to corporate executives in a series of dinners and lunches at the White House with ...

Bloomberg III Opens With Armory Battle

Jarrett Murphy | Posted 05.25.2011 | New York
Jarrett Murphy

The fight over living wages at the Kingsbridge Armory has become a linchpin for the living wage movement and an important test just weeks after Bloomberg won re-election by a thin margin.