Connect to share and comment

World Trade Center developer's plan for a lower Manhattan hotel-condo tower moving forward

NEW YORK, N.Y. - World Trade Center developer Larry Silverstein's plan for a hotel-condo tower is moving forward after a London-based investment firm has agreed to provide a $660 million construction loan. Martin Burger of Silverstein Properties Inc. tells The Wall Street Journal (http://on.wsj.com/16eYuzw ) that if the financing deal with Children's Investment Fund Management LLP is completed it will clear the way for groundbreaking on the superluxury tower.

Macy's 1Q profit up 20 per cent on solid sales; raises dividend, adds $1.5B in buybacks

NEW YORK, N.Y. - Macy's Inc. reported a 20 per cent increase in first-quarter profit even though cool temperatures and economic worries dampened some of its shoppers' spending on spring clothes. The company, which also operates the upscale chain Bloomingdale's, is also raising its dividend to 25 cents from the current 20 cents. It also announced an additional $1.5 billion in stock buybacks.

Bank of Japan in contact with Bloomberg on data access

Japan's central bank on Tuesday became the latest organisation to express concerns over the access journalists at Bloomberg News have had to potentially sensitive data. The Bank of Japan's comment comes as a scandal grows for the financial news wire, whose terminals are used every day by officials at many of the world's most important institutions and banks. "We are now in contact with Bloomberg's office in Tokyo to determine the facts," said a BoJ spokesman, adding that he hopes Bloomberg will make a formal announcement about the facts as "its responsibility to clients."

Workers complete spire on New York's One World Trade Center

NEW YORK (Reuters) - Workers cheered and whistled as they completed the spire on New York's One World Trade Center on Friday, raising the building to its full height of 1,776 feet and helping fill a void in the skyline left by the September 11, 2001 attacks. The spire makes the building the tallest building in the Western Hemisphere, 47 feet taller than Chicago's Willis Tower, though it is substantially shorter than towers in the Middle East and Asia.

Bloomberg cuts reporters' access to sensitive client log-in data after Goldman Sachs complaint

LOS ANGELES, Calif. - Financial data and news company Bloomberg LP said Friday that it had cut off its journalists' access to client log-in data on the company's ubiquitous trading information terminals after Goldman Sachs complained about the matter last month. A person familiar with the matter said Goldman Sachs became concerned about outside access after a Bloomberg reporter, investigating what she thought was the departure of a Goldman employee, told the securities firm that the employee had not logged into a Bloomberg terminal for a number of weeks.

World Trade Center spire completed in New York

New York construction workers cheered Friday as the final piece of the spire for the World Trade Center was hoisted into place, making the tower the tallest in the western hemisphere. Local television footage showed the huge piece, measuring 408 feet (124 meters), being craned slowly up, completing the final piece in the new jewel of the Manhattan skyline.

One World Trade Center reaches full symbolic height with help from Canadian firm

NEW YORK, N.Y. - A silver spire, built in part in Canada, has been fully installed on the roof of One World Trade Center, bringing the iconic structure to its full, symbolic height of 1,776 feet. The installation of the spire was completed Friday morning after pieces of it had been transported to the roof of the building last week. Construction workers below applauded the milestone. The 1,776 feet — or 541 metres — is symbolic of the year 1776, when the U.S. declared its independence.

World Trade Center spire completed in New York

New York construction workers cheered Friday as the final piece of the spire for the World Trade Center was hoisted into place, making the tower the tallest in the western hemisphere. Local television footage showed the huge piece, measuring 408 feet (124 meters), being craned slowly up, completing the final piece in the new jewel of the Manhattan skyline.

World Trade Center spire completed in New York

New York construction workers cheered Friday as the final piece of the spire for the World Trade Center was hoisted into place, making the tower the tallest in the western hemisphere. Local television footage showed the huge piece, measuring 408 feet (124 meters), being craned slowly up, completing the final piece in the new jewel of the Manhattan skyline.
Syndicate content