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Jobless claims decreased by 3,000 in the week ended Sept. 15 to 382,000, while the estimate was 375,000. Companies are believed to be holding back hiring and investment as overseas demand slow, and potential tax increases and government spending cuts threaten growth.

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Existing Home sales increased 7.8% to a 4.82 million annual rate (highest level in two years), beating estimates of 4.56 million on record-low mortgage rates, ...
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International Purchases of U.S. financial assets rose more than sevenfold in July as investors sought shelter from the debt crisis in Europe. Net buying totaled ...
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Marriott To Open A Luxury Bronx Hotel

In a major milestone for the Bronx, New York, Simone Development Companies today announced that Marriott has signed an agreement to operate a luxury hotel as the centerpiece of Simone Development's new Metro Center Atrium mixed-use project....
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Electric Trucks To Roll Out Of Bronx

Smith Electric Vehicles Corp. will begin assembling electric trucks at a new facility in Bronx, by the end of the year....
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Manufacturing in the NY region shrank more than forecast in September, with the index dropping to -10.41 (signaling contraction) from -5.85 in August as orders ...
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The Federal Reserve undertakes QE3 with open-ended purchases of $40 billion of mortgage debt a month as it seeks to boost growth and reduce unemployment. ...
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Perrigo Company Hires Ralf Kahl As Controller

Perrigo, a leading pharmaceutical supplier, announced today that Ralf Kahl has been hired as Controller for the Finance team. In this role, Kahl is responsible for managing finances, budgeting and expense approval for the company’s New York location. He will be working at Perrigo’s Bronx, NY site....
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Equities:DJIA: 13,333 (+0.07%)S&P500: 1,437 (+0.21%)Nasdaq: 3,114 (+0.32%)EuroStoxx: +0.28%Nikkei: 1.73%Hang Seng: 1.10% Equities rise on the German court ratifying the bailout fund. France wants Spain to snub ...
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Consumer borrowing in the U.S. unexpectedly decreased in July by $3.28 billion (estimated $9.2 billion increase) for the first time in nearly a year, after ...
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Bronx Startup Wins $15K Prize

Curatio HCS, a home care provider dedicated to serving underserved communities in Bronx and Upper Manhattan, today took home the $15,000 grand prize in the New York Public Library’s third annual StartUP! Business Plan Competition....
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ECB President Mario Draghi said policy makers agreed to an unlimited bond purchase program in order to control interest rates and fight speculation of currency ...
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ECB's bond buying plan said to pledge unlimited, sterilized bond buys to assuage concerns about printing money. The plan is believed to focus only on ...
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Bonds of financials are returning more than those of industrial firms for the first time since 2005 as banks cut debt amid regulation and companies ...
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Corporate bond sales globally are approaching busiest August on record as yields are push to lows on investors favoring safer products. Purchases increased 0.4% in July, ...
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US GDP’s grew at a 1.7% annual rate from April through June, up from an initial estimate of 1.5%. Stated in its Beige Book survey ...
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Financial Markets Closing

Home prices in 20 U.S. cities climbed in June for first time since 2010. Equities:DJIA: 13,103 (-0.17%)S&P500: 1,411 (+0.03%)Nasdaq: 3,077 (+0.13%)EuroStoxx: -0.80%Nikkei: -0.57%Hang Seng: +0.07% Lexmark announces ...
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The Next Generation Of American Business: GardnerGlobal, Inc.

“I’m just a cat from the hood in a suit.” Simply stated, and although it is quite a concise and accurate testimony, one look at ...
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M&T Bank Corp agrees to buy Hudson City Bancorp for $3.7 billion in biggest takeover this year in the banking industry. Equities:DJIA: 13,125 (-0.25%)S&P500: 1,410 (-0.07%)Nasdaq: ...
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Centers Health Care Hires Heidi Hendrix, RN, As New Chief Nursing Officer

Centers Health Care, the largest and most complete post-acute health care continuum in the northeast, announced that Heidi Hendrix, RN, an accomplished post-acute clinical director, has joined the company as its new Chief Nursing Officer.
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Starting The "Uber Of Prison Visits"

At 5:30 a.m. on a Friday in April, Calvin Buari pulls up to a New York City apartment building in Bronx. The back door of his Toyota Sienna slides open. Two women jump in, and Buari drives north to catch the Taconic State Parkway. In less than two hours, the minivan will park in front of the giant concrete walls of Green Haven Correctional Facility, where the women will visit their husbands and sons who are serving time.
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Walmart E-Commerce Site Jet.com Leases Warehouse In Bronx

Walmart’s e-commerce site jet.com is boosting its presence in the city with a new warehouse in Bronx.

PW Launches A New Gathering Place For Booksellers To Connect

Last week, Publishers Weekly launched "BXsellers," a private Facebook group where booksellers from all over can engage in meaningful conversations about the issues affecting the world of bookselling, network with one another, share tips, ideas and have access to PW's editors for book recommendations and more.
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Oppose Internet Sales Tax In New York

The New York State Legislature is once again threatening to impose a new sales tax burden on your favorite Internet marketplaces.
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Green Revolution - Cannabis & Entrepreneurship

Cannabis is becoming legal in more and more states. How can we get ahead of this new industry from a business perspective? Join us for an open discussion for some ideas of how to break into the business.
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BP Diaz Releases South Bronx Tech Survey

Bronx Borough President Ruben Diaz Jr., in collaboration with the New York University Robert F. Wagner Graduate School of Public Service, has developed a community survey questionnaire as a follow-up to the two previous meetings of the Bronx Tech Summit hosted at the Metropolitan College of New York Campus in The Hub.

Developer Takes $45M Ground Lease For Vacant Bronx Development Site

SKF Development has acquired a 99-year ground lease on a 12,126-square-foot Bronx vacant lot owned by the Negron family in a deal worth nearly $45 million, Commercial Observer has learned.

Bronx Sees Increase Of Chain Stores

Bronx is booming and more chain stores are opening for business in the borough, according to one non-profit economic development corporation.

Featured Author
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Geoffrey Gloak

may be one of the few people you meet who is always glad to talk taxes. He has spent 17 years immersed in government communications – almost entirely in the tax field. He currently serves as the Director of Public Relations at the New York State Tax Department. In each of Geoff’s positions, he has created opportunities to transform the communications environment for the benefit of the organization. Under his leadership, Tax Department public relations have shifted from a reactive focus to proactive outreach. Most recently, Geoff led the STAR Registration media campaign to assist 2 million homeowners with property tax relief while eliminating fraud. As a result of extensive press outreach, more than 300 articles were printed in daily papers alone, and broadcast media repeatedly covered the story in each corner of the state. Less than 5 months after launch, 2.3 million homeowners had registered for their property tax exemptions. Geoff (@gloak23) lives in Kinderhook with his journalist wife, Kristi Berner (@kristiberner), and 4-year-old daughter, Gemma, who is now proud to be able to write her name.