New York’s mayor builds an empire in London
LONDON — It is the biggest development in this city’s buzzing financial district, and even Olympics-jaded Londoners call it grandiose: two bronze-and-stone towers, connected by sky-bridges atop the ruins of a 2,000-year-old Roman temple.
Brooklyn bike lane pitting residents against riders and city
NEW YORK — A group of well-connected New Yorkers has taken the unusual step of suing the city to remove a controversial bicycle lane in a wealthy neighborhood of Brooklyn, the most potent sign yet of opposition to the Bloomberg administration’s marquee campaign to remake the city’s streets.
20 arrested in NYC trying to see underground art
The New York City police have arrested 20 people for trying to enter an abandoned subway station housing the formerly secret guerrilla exhibition of underground street art that was revealed to the public this month.
Fed Weighs a Radical Intervention in Debt Market
As pressure built in the credit markets and stocks spiraled lower around the world on Monday, the Federal Reserve was considering a radical new plan to jump-start the engine of the financial system.
Dow Slides 345 Points Amid Gloomy Economic Reports
The Dow Jones industrial average plummeted 345 points on Thursday on a confluence of poor news about the economy, although investors could not pin the drop on any overriding reason.
Frozen Credit Markets Begin To Thaw Around World
After weeks of extraordinary efforts by the world’s governments and central banks, the frozen flow of credit began to thaw on Monday.
Dow Plunges 777 Points as Bailout Plan Fails to Pass
Even before the opening bell, Monday looked ugly.
Worries About Bailout Plans Give Stocks a Downward Shove
Fresh concerns about the biggest government bailout in history sent stock markets down sharply on Monday, while a weakening dollar sparked a frantic rush into commodities as investors remained nervous about the financial health of Wall Street.
Oil, Gold Prices Drop Sharply In Volatile Commodities Market
Oil, gold and other major commodities fell sharply on Thursday, capping their steepest weekly drop in a half-century, as investors fled what many had believed to be the last safe haven in turbulent markets.
Stocks Tumble on CitiGroup, Consumer Spending Outlook
A day that dawned bleakly on Wall Street turned even darker late Thursday as an afternoon sell-off sent the Dow Jones industrial average down more than 360 points, or 2.6 percent. Investors worried that Citigroup’s woes might be worsening and that consumers would not spend freely this holiday shopping season.