Business
Dios Mio: Exactly How Ignorant Are Folks At Nestlé?
Exactly how ignorant and disconnected from crude local realities are folks at Nestlé? The text below is the press release, which was recently circulated in the press.
Hybrids Added To Bronx Fleet
FedEx Express said Monday it is buying 51 more gas-electric hybrid pickup and delivery vehicles from Azure Dynamics Corp. Most will serve a Bronx station that will become the first all-hybrid FedEx facility with about 100 trucks. ...
Rica Swimwear Designs Trace Back To Bronx
Ava Sanjurjo says her upbringing and surroundings are what shaped and influenced her swimwear designs. Surprisingly, Sanjurjo grew up in the South Bronx in the 1980’s, which is not somewhere that you might instantly connect with her, chic, glamorous collection of swimsuits and beach cover-ups for her label Rica....
Positive Vote For Kingsbridge Armory
The City Planning Commission voted on Monday in favor of a developer's plan to turn the Kingsbridge Armory building in the Bronx into a shopping mall, including a large grocery store. After the vote, opponents called on the City Council, which gets the final vote, to reject the development without guarantees of workers’ rights. ...
4,526 Job Placements In The Bronx
Mayor Michael R. Bloomberg, Deputy Mayor for Economic Development Robert C. Lieber and Department of Small Business Services Commissioner Robert W. Walsh today announced that despite the economic downturn, the City placed New Yorkers in 6,802 jobs in the third quarter this year, up nearly 60 percent from 2008. ...
Saddened Factory Workers March Out
Stella D’Oro, owned by the vulture private equity company Brynwood Partners, closed its Bronx biscuit plant and fired 136 workers. Management refused to pay the full amount of severance and other benefits to the workers although their union contract spells it out explicitly. Many of the workers have over 30 years of service....
Stella D’oro On Union And Plant Closure
Stella D’oro Company today issued the following statement....
Where To Invest Now
After rallying strongly in the first part of the year, stock markets in most countries seem to be taking a breather. Investors, many of whom missed the earlier rally and are still shell shocked from the declines of 2008, must ask themselves “where do we go from here?” It doesn’t help that their inboxes and the cable channels are filled with contradictory recommendations from so-called experts....
New Bronx Mall Meets Promised Goals
The developer of a new shopping mall at the former Bronx Terminal Market has not met a goal to award half its construction contracts to local firms....
NYC Off-Track Betting Restructuring
Governor David A. Paterson today signed Executive Order No. 27, authorizing the New York City Off-Track Betting Corporation (NYCOTB) to file a petition for reorganization under Chapter 9 of the federal bankruptcy code. The Governor issued the order after it was determined that NYCOTB requires major restructuring to regain solvency....Bronx Armory - Equitable Development
In NYC, development all too often means displacement, as new construction projects push out residents and local businesses to create luxury condos or shopping centers that pay poverty wages....
Projects To Improve Passenger Rail
Governor David A. Paterson and the Coalition of Northeastern Governors (CONEG) today announced that the Northeast states have completed the first round of applications for federal funds to improve passenger rail. The projects will advance intercity rail improvements to the Northeast Corridor and its Connectors serving Northern New England, Upstate New York and Pennsylvania....
Smart Grid For The State Of New York
Governor David A. Paterson today announced the kick-off of the New York State Smart Grid Consortium to foster the development and deployment of new technology aimed at reducing the cost of electricity while increasing reliability. The Consortium will be comprised of leaders from government, utility companies and universities, as well as consumers, and will develop a strategic vision on how best to deploy secure, efficient and reliable smart grid technologies in New York....
Cash For Clunkers Back On Track
Americans are going to get more time to trade in their clunkers for cash....
New Yorkers Pay The Most For Power
According to the U.S. Bureau of Labor Statistics, New Yorkers pay the highest power bills in the country....
Stella D’oro Sets Record Straight
Stella D’oro Company today responded to recent misleading and inaccurate reports regarding its negotiations with the Bakery Confectionery Tobacco Workers and Grain Millers Local 50 Union and the possible closure of the Company’s Bronx bakery operations....
Sen. Schumer Rallies To Save Bronx Apartments
Standing in front of the Ocelot Apartments in the Bronx and joined by tenants and local community leaders, U.S. Senator Charles E. Schumer today called on Fannie Mae to ensure that whoever buys the dangerously deteriorated buildings commit to repairing the apartments and keeping the buildings affordable. Ocelot Apartments in the Crotona section of the Bronx were abandoned by their owners after they could no longer afford the highly overpriced mortgage they took out on the property....
The Renminbi Yearns To Be Free
“The outbreak of the current crisis and its spillover in the world have confronted us with a long-existing but still unanswered question, i.e., what kind of international reserve currency do we need to secure global financial stability and ensure world economic growth…The desirable goal of reforming the international monetary system, therefore, is to create an international reserve currency that is disconnected from individual nations and is able to remain stable in the long run, thus removing the inherent deficiencies caused by using credit-based national currencies.”...
The Way Brynwood Partners See It
Founded in 1984, Brynwood Partners is a private equity firm that makes control investments in lower middle market companies over a long-term horizon. The firm acquires companies in a diverse range of industries with enterprise values between $25 and $125 million....
Lehman Hosts Bronx Economic Summit
The Bronx Small Business Development Center (SBDC) at Lehman College, along with the Mosholu Preservation Corporation, will host the North Bronx Economic Development Summit on Lehman's campus July 21. The free event will be held from 9 a.m. to 1 p.m. in the East Dining Room of the Music Building....
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