Ah, daylight-saving time, that point in the year when – because of what almost seems like a joke by Ben Franklin – we shift our clocks forward an hour. Not all states or countries observe the time change, but it is nice to suddenly be able to leave work before sunset.
Category: New York
CSX Names Harrison CEO, Warns He’ll Exit Unless Paid $84 Million
CSX Corp. appointed Hunter Harrison as chief executive officer effective immediately, entrusting the industry veteran with the task of turning around North America’s least efficient railroad. He’ll stick around as long as shareholders are willing to meet his pay demands.
Is a CEO Worth $200 Million? Shareholders at Rail Giant Think So
Is superstar railroad executive Hunter Harrison worth a $200 million pay package? For that matter, is any CEO worth that? The question has arisen in a shareholder activist’s campaign to shake up CSX Corp., one of North America’s major railroads. To sway investors and board members, Paul Hilal has promised to install Harrison as the company’s chief executive officer.
This $1 Trillion Manager Is Paring NYC, London Property Bets
David Hunt, chief executive officer of Prudential Financial Inc.’s PGIM, said the $1 trillion asset manager is scaling back commercial real estate bets in some major markets where competition drove up property prices. “Whenever you see that kind of heating-up of demand, you have to scratch your head and say, ‘At what point does this become a little bit overblown?’ ” Hunt said Wednesday at a conference held by Citigroup Inc. “We have been selectively selling some of the big cities, so we’ve been a net seller of New York, of London, and of San Francisco.”
Governor Cuomo Announces $39.2 Million in New NY Broadband Program…
More Than 32,700 Homes and Business to Gain Access to High-Speed Broadband in the Capital Region through Round II Advances Governor’s Goal of Providing Broadband Access to All New Yorkers by the End of 2018 Round II Awards and Census Block Data Available Here Governor Andrew M. Cuomo today announced $39.2 million in New NY Broadband Program Round II grants have been awarded to 11 projects in the Capital Region. These awards will provide 32,737 homes and businesses with access to high-speed broadband for the first time, and leverage $9.8 million in private matching funds – bringing the total public-private investment in the Capital Region to $49 million in Round II.
Billionaire investor Wilbur Ross confirmed as Trumpa s secretary of commerce
Wilbur L. Ross, Jr., takes his seat at a hearing of Commerce, Science, and Transportation committee on January, 18, 2017 in Washington, DC. Wilbur L. Ross, Jr., a former banker and investor who earned billions during decades buying and selling industries and who Trump has touted to lead his trade negotiations, was confirmed as Secretary of Commerce on Monday night in a 72 to 27 vote in the Senate.
The 13 most awkward moments in Oscar history
The Oscars honor moving performances and the highest acheivements in the film industry. But the ceremony itself? Never perfect, nor even close to it.
Hedge Funds Lose Bid to Quash Fannie, Freddie Profit Grab
Hedge funds largely failed in their legal challenge to the U.S. government’s capture of billions of dollars in profits generated by Fannie Mae and Freddie Mac after their bailout, sending shares of the mortgage guarantors plunging. Perry Capital LLC, the Fairholme Funds and other big investors lost a bid to overturn a judge’s ruling that said they can’t sue the government over the dividend change.
Best & worst airport-to-city trains
Over the last year alone, I’ve taken the train to or from the plane in Hong Kong, Atlanta, Sydney, New York, San Francisco and Washington DC. I really wanna give the new airport train in Denver a go.
Got A Hot Tip? Here’s How To Leak Securely To The Press
Since the election, media outlets are increasingly using tools that allow secure communication with sources. They’re built to maintain anonymity, though extra precaution is advised.
White House Correspondents’ Dinner in Trouble as Trump Scares Off Hollywood Stars and Media
“I see it as a huge opportunity for a comedian to do something interesting,” says Larry Wilmore, who headlined 2016’s dinner, as the host gig goes unfilled and MSNBC mulls canceling its party amid the president’s press war. Flame-retardant formalwear might be in order for the first White House Correspondents’ Association Dinner with Donald Trump.
Vanity Fair, New Yorker Bail on White House Correspondents’ Dinner Events
Less than a month after the president met with Conde Nast top editors at their Manhattan headquarters, two of the magazine company’s flagship titles – The New Yorker and Vanity Fair – are dropping White House Correspondents’ Dinner-themed events. The New Yorker canceled plans to host an event at the W Hotel, located a block from the White House, as it has in previous years, a magazine spokesperson confirmed.
U.S. Judge Temporarily Blocks Trump Order on Deporting Muslims
Demonstrators hold placards during a protest outside of John F. Kennedy International Airport against U.S. President Donald Trump’s executive order blocking visitors from seven predominantly Muslim nations in New York on Saturday, Jan. 28. A U.S judge temporarily blocked the Trump administration from enforcing an executive order that would have led to the deportation of refugees and visa-holders from seven mostly Muslim countries. The ruling by U.S. District Ann Donnelly in Brooklyn came at an emergency hearing Saturday night, hours after the American Civil Liberties Union and other groups sued to halt the Jan. 27 order.
Broadband in New York to get funding boost
FCC will reverse course and direct $170 million to the Empire State after threatening to bid the money out elsewhere. Broadband in New York to get funding boost FCC will reverse course and direct $170 million to the Empire State after threatening to bid the money out elsewhere.
DIARY-Top Economic Events to Feb. 22
ECB Board Member Yves Mersch will deliver a speech at the farewell ceremony for Bank of Finland Deputy Governor Pentti Hakkarainen in Helsinki – 1230 GMT. PARIS – ECB Board Member Peter Praet will participate in a panel discussion on “How to deal with potential secular stagnation?” at the conference “Secular Stagnation and Growth Measurement” organised by Banque de France in Paris – 2115 GMT.
Game on: Scout Media Can Pursue Discovery Against Jim Heckman
The college sports website network operator has accused its former chief executive of sabotaging its relationships with its team site publishers. College sports website network operator Scout Media has secured approval to pursue discovery against its founder and former chairman and chief executive, Jim Heckman.
Schumer Urges FCC To Protect Broadband Funds
Many telecommunications companies gained access to the Connect America Fund, a federal investment that helped them enhance broadband access.
Run-DMC in $50m trademark battle
A member of pioneering rap group Run-DMC has filed a $50m lawsuit accusing retailers of unlawfully using the group’s name on items of clothing. Darryl “DMC” McDaniels said that products sold by Amazon, Walmart and other stores violated federal trademark and New York competition laws.
My ’15 Surprises for 2017′ List
It should come as no surprise that after pulling off U.S. political history’s greatest surprise ever, Donald Trump is the subject of — and catalyst for — the principal events that I’m putting on my annual “15 Surprises for the Coming Year” list. For those of you unfamiliar with this list, it’s my annual rundown of “possible improbables” that smart traders and investors should watch out for.
LaGuardia’s Redesign Will Lift You Above Ceilings That Don’t Leak
Congestion is the biggest reason why LaGuardia Airport in New York is regularly rated the worst in America: Neither planes nor people move in an efficient manner through a facility designed for far, far less traffic. When it’s completed in summer of 2022, a gleaming new LaGuardia will be a modern space featuring a collection of aeries and ample natural light, where passengers walk above moving airplanes as they head to their gates.