Park Avenue co-op sells for record $52.5 million
A recent sale in New York's famed 740 Park Avenue apartment building marked the highest price ever paid for a co-op in the city's history.
Found more than 1 month ago on channel CNN Money
NYC slowly moves away from sooty fuel oil
NEW YORK -- Few sights capture Manhattan's beauty like the grand, old apartment buildings that ring Central Park. But for decades, many of these mansions for the rich and famous have also been a literal source of urban grit....
NYC apartment for $95M, with $60K in monthly fees
As apartments go, it's a palace, with 15 rooms, five of which have 18th-floor views of Central Park. At $95 million, you'd think it would come with a doorman too. But at high-end buildings in New York, basics like a doorman and a super come extra -- as much as $60,000 extra.
Found more than 1 month ago on channel MSNBC
Google Brings Free Public WiFi to Its New York City Neighborhood
Tech giant Google announced Tuesday that it has begun offering free public WiFi internet access in the southwest Chelsea neighborhood of New York City, close to its mammoth headquarters. According to Google, the new service — which was the product of a public-private effort by the company, city officials, and a local nonprofit development ogranization – will provide free Internet access to hundreds of thousands of people each year, making it the largest such WiFi network in New York City. Google said that free WiFi is now available — today — outdoors, “roughly between Gansevoort St. and 19 St. from 8th Ave to the West Side Highway, as well as the neighborhood’s public spaces, including the Chelsea Triangle, 14th Street Park, and Gansevoort Plaza.” The WiFi network will not require a password. “Google is proud to provide free WiFi in the neighborhood we have called home for over six years,” Ben Fried, the company’s chief information officer, said in a statement. “This ...
PODCAST: Animal tracks and T-Mobile pacts
Wednesday, October 3, 2012 - 11:27 Andrew Burton/Getty Images A T-Mobile store is seen at 7th Avenue and 49th Street in New York City. Today police in Tehran fought with money changers and other protesters in front of the country's central bank. Inflation in Iran is running at a shocking clip: the Iranian rial has lost 25 percent of its value against the dollar in just the past week, and there is lots of blame to go around -- including some directed at the U.S. The Mortgage Bankers Association says applications for home mortgages surged last week. Interest rates are at record lows, thanks in part to the Federal Reserve's latest stimulus operations, and data from the payroll processing company ADP says private employers added 162,000 jobs last month -- still slow, but more than economists had expected. T-Mobile, America's struggling fourth-place wireless company, says it has finally reached a merger deal -- but not with one of the big guys. We all get to watch tonight's first presidential ...
JPMorgan sued over mortgage-backed securities
Tuesday, October 2, 2012 - 10:15 John Moore/Getty Images A man stands outside JPMorgan Chase bank on Park Avenue in midtown Manhattan in New York City. The New York Attorney General has sued JPMorgan Chase. The issue is mortgage-backed securities peddled by its Bear Stearns unit, leading up to the financial crisis. The lawsuit alleges that Bear Stearns, which JPMorgan acquired in 2008, ignored warnings, made mortgage-backed investments look a lot safer than they actually were, and ended up costing investors about $22 billion. The suit marks a change in the way investors and prosecutors are going after the banks -- the monetary compensation is higher and the case is civil rather than criminal. "It takes a long time to get the information you need because you have to go digging through the records of large companies with millions of emails and millions of files to find the smoking gun," says economist Peter Morici. Observers expect more lawsuits like this and settlements rather than lengthy ...