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Business News - NY Post
IT COULD BE CURTAINS FOR LINENS 'N THINGS
Thu, 07/24/2008 - 03:46Linens 'n Things has experienced alarmingly steep sales declines since it went bankrupt, raising worries that the home-furnishings chain may be forced to liquidate its business. The Clifton, NJ-based retailer - taken private in 2005 for $1.3...
Categories: Money and Business
SENSATIONAL BUST
Thu, 07/24/2008 - 03:46Battered magazine publisher American Media is inching closer to a deal that would turn over a substantial amount of the company to creditors and deal another blow to its private-equity owners, according to sources familiar with the deal. While...
Categories: Money and Business
SCOOP BAGS BERGDORF EXEC
Thu, 07/24/2008 - 03:46Trendy fashion boutique Scoop has plucked a rising star from the lofty management ranks at Bergdorf Goodman, The Post has learned. Scoop - a small, fast-growing chain which is backed by billionaire Ron Burkle's Source Interlink Cos., - has hired...
Categories: Money and Business
GREENBERG NEARS DEAL WITH CUOMO
Thu, 07/24/2008 - 03:46Deposed insurance king Hank Greenberg is walking a tightrope toward the end of his long fight with New York officials over the way he ran his empire. Greenberg is said to be in settlement talks with New York Attorney General Andrew Cuomo over...
Categories: Money and Business
A NEW HARD DRIVE
Thu, 07/24/2008 - 03:46Less than a month after Bill Gates stepped down as chairman of software giant Microsoft, it looks as if he's found his new career: used car salesman. The billionaire and his $30 billion charitable foundation, which has poured millions into making...
Categories: Money and Business
KNOW WHEN TO FULD 'EM
Thu, 07/24/2008 - 03:46Lehman Brothers' hard-charging CEO Dick Fuld might have to resort to some drastic measures - and soon - if he's going to bolster confidence in the fractured investment bank, analysts said. UBS bank analyst Glen Schorr said in a note to clients...
Categories: Money and Business
THE WORST OF TIMES
Thu, 07/24/2008 - 03:46The New York Times is reeling from a triple whammy: sky-high newsstand prices, job cuts and bad news on the downgrade front. The namesake company said yesterday the cover price will go up 25 cents to $1.50 on Aug. 18. It added it will slash more...
Categories: Money and Business
LIMITED DISCLOSURE ON JOBS MAY BITE APPLE
Thu, 07/24/2008 - 03:46Two days of erratic trading in Apple shares, driven primarily by questions about CEO Steve Jobs' health and what sources see as Apple's selective disclosure, ought to force the intensely secretive company to make a public statement clarifying his...
Categories: Money and Business
TROUBLED GM IS PUTTING THE ARM ON ITS RETIREES
Thu, 07/24/2008 - 03:46GM doesn't only stand for Gen eral Motors anymore. It also stands for "grab money." With profits down by a shocking amount in the depressed auto industry, the Grab Money Corp. is getting its liquidity from the people who can least afford it - its...
Categories: Money and Business
BUSINESS BRIEFS
Thu, 07/24/2008 - 03:46Oil falls Crude oil for Septem ber delivery fell $3.98, or 3.1 percent, to settle at $124.44 a barrel on the Nymex, the lowest close since June 4. Amazon earns Amazon.com posted second-quarter profit that exceeded analysts' estimates after consum...
Categories: Money and Business
TOYOTA SALES LEAD GM
Thu, 07/24/2008 - 03:46General Motors Corp., battling to keep its global sales crown, fell further behind Toyota Motor Corp. during the second quarter as a deteriorating US market overshadowed gains overseas. GM dropped 5 percent to 2.29 million vehicles, while Toyota...
Categories: Money and Business
M'SOFT'S YAHOO! BID EXEC EXITS
Thu, 07/24/2008 - 03:46Microsoft's Kevin Johnson, who was the architect for the company's bid to buy Yahoo!, is leaving the software maker. Microsoft's Megan Manazir confirmed his departure yesterday. Johnson, who joined Microsoft in 1992, also oversaw the company's...
Categories: Money and Business
NETS SUE VIDEO SITE
Thu, 07/24/2008 - 03:46Rival networks NBC and Fox have teamed up and filed a joint lawsuit in Manhattan Federal Court against the Internet site Redlasso - which streams TV clips for free to bloggers - claiming that the Web site is stealing their programming. Redlasso...
Categories: Money and Business
FIDI KEEPS PERKING UP
Thu, 07/24/2008 - 00:56District: With Amy Sacco as its "lifestyle consultant," the 163-unit District could have a pretty sweet scene. There's a 12,000-square-foot rooftop terrace with lighted reflecting pools, chaise lounges and cabanas, an indoor pool, a spa, a...
Categories: Money and Business
BRONXVILLE, NY
Thu, 07/24/2008 - 00:30In a time when even 3-year-olds have cellphones, it's a bit quaint to see that this "stunning" stone mansion includes a "telephone room." The 8,653-square-foot, nine-bedroom, 51/2-bathroom Normandy Tudor home, built in 1927, also features many...
Categories: Money and Business
BEDFORD CORNERS, NY
Thu, 07/24/2008 - 00:30While this huge, brick Colonial home has "ultimate curb appeal," you can be reassured that, surrounded by more than 2 acres of property, it sits pretty far back from the curb. The house itself measures 6,500 square feet (not counting the 2...
Categories: Money and Business
GLEN COVE, LI
Thu, 07/24/2008 - 00:30Bedrooms: 4 Bathrooms: 1 Square feet: 1,900 -- "Move Right In!" intones the brochure on this "like new" (built in 1999) Colonial home on "beautiful" level property conveniently located near shops, restaurants, the beach and the LIRR. With an "open...
Categories: Money and Business
IRVINGTON, NY
Thu, 07/24/2008 - 00:30Bedrooms: 4 Bathrooms: 1 1/2 Square feet: 1,712 -- If you've ever wanted to own the farm - or 0.15 acres of one - here's your chance. This last parcel of what was once Felicia Farm contains this home with a patio and renovated sunporch, all of...
Categories: Money and Business
CHELSEA
Thu, 07/24/2008 - 00:30For the "true connoisseur" who is looking for an "authentic" loft, but who doesn't want to go as far downtown as SoHo or TriBeCa, there's this newly restored spread on West 27th Street. With a keyed elevator entrance, "soaring ceilings,"...
Categories: Money and Business
FORT GREENE, BROOKLYN
Thu, 07/24/2008 - 00:30Bedrooms: 5 Bathrooms: 3 1/2 Square feet: 3,507 -- Built in 1853, this "rare" and "lovingly restored" Italianate Federal brick townhouse on South Oxford Street is currently arranged as a two-family home - with a four-bedroom owner's triplex above...
Categories: Money and Business
