Durst trial revelation
A witness testified that New York real estate scion Robert Durst admitted killing their mutual friend Susan Berman. “It was her or me,” Nick Chavin recalled Durst saying. The murder trial is not scheduled to begin for a year.
Oscars telecast is dressed in black
article continues below advertisement ABC has sold out the commercial time for the Feb. 26 Academy Awards telecast hosted by Jimmy Kimmel. Thirty-
second spots are again going for about $2 million each, despite a 7% decline in viewers last year and the #OscarsSo
White controversy. Advertisers include Anheuser-Busch InBev, AT&T, McDonald’s, Samsung, Verizon and Walmart.
Friars not laughing about this raid
U.S. Postal Service investigators raided the Friars Club as part of an embezzlement probe.
Data point Rents decreased 0.9% last year while jobs grew 1.5%, according to apartment market data provider Axiometrics. New York’s metro area had the highest annual job gains.
Billionaire John Catsimatidis said some of his fellow members suspected someone was embezzling funds and shared that suspicion with the U.S. attorney’s office in the fall.
Port agency finally showing the money
The Port Authority of New York and New Jersey approved a $32.2 billion 10-year capital plan that includes $3.5 billion in funding for a new West Side bus terminal and $4.8 billion for JFK, LaGuardia and Newark airports.
Kushners might walk from Marlins deal
If Jeffrey Loria becomes President Donald Trump’s ambassador to France, the Kushner family announced it will rescind its reported $1.6 billion offer for Loria’s Miami Marlins. The family said it does not want the complication of an “unrelated transaction to complicate” the diplomatic appointment.
Cybersecurity mandated
Gov. Andrew Cuomo said new regulations will take effect March 1 requiring banks and insurers to create and maintain cybersecurity programs intended to prevent illegal access to sensitive personal information.
Bonus onus
Goldman Sachs didn’t pay 2016 bonuses to about 100 of their lowest-performing bankers. The number of employees denied a bonus is higher than a year ago. Management rewarded top performers and took bonuses away from less productive workers.
In Kind donation
Daniel Lubetzky, founder of snack bar maker Kind, pledged $25 million to create Feed the Truth, a group charged with educating consumers and supporting journalism that investigates corporate influence on the nutrition field. Kind itself was warned it was inappropriately labeling its bars as healthy.
Apology accepted
Columbia University accidentally emailed acceptance notices to 277 prospective students and then recalled them. The erroneous messages were sent to applicants to the master’s program at the Mailman School of Public Health. About an hour later, a retraction and apology were sent out.
Oakley welcome back in the paint
Madison Square Garden lifted its days-old ban on former Knicks star Charles Oakley. But Oakley responded by saying he will not return until Dolan publicly apologizes to him and the fans.
Durst trial revelation
A witness testified that New York real estate scion Robert Durst admitted killing their mutual friend Susan Berman. “It was her or me,” Nick Chavin recalled Durst saying. The murder trial is not scheduled to begin for a year.
Oscars telecast is dressed in black
article continues below advertisement ABC has sold out the commercial time for the Feb. 26 Academy Awards telecast hosted by Jimmy Kimmel. Thirty-
second spots are again going for about $2 million each, despite a 7% decline in viewers last year and the #OscarsSo
White controversy. Advertisers include Anheuser-Busch InBev, AT&T, McDonald’s, Samsung, Verizon and Walmart.
Friars not laughing about this raid
U.S. Postal Service investigators raided the Friars Club as part of an embezzlement probe.
Billionaire John Catsimatidis said some of his fellow members suspected someone was embezzling funds and shared that suspicion with the U.S. attorney’s office in the fall.
Port agency finally showing the money
The Port Authority of New York and New Jersey approved a $32.2 billion 10-year capital plan that includes $3.5 billion in funding for a new West Side bus terminal and $4.8 billion for JFK, LaGuardia and Newark airports.
Kushners might walk from Marlins deal
If Jeffrey Loria becomes President Donald Trump’s ambassador to France, the Kushner family announced it will rescind its reported $1.6 billion offer for Loria’s Miami Marlins. The family said it does not want the complication of an “unrelated transaction to complicate” the diplomatic appointment.
Cybersecurity mandated
Gov. Andrew Cuomo said new regulations will take effect March 1 requiring banks and insurers to create and maintain cybersecurity programs intended to prevent illegal access to sensitive personal information.
Bonus onus
Goldman Sachs didn’t pay 2016 bonuses to about 100 of their lowest-performing bankers. The number of employees denied a bonus is higher than a year ago. Management rewarded top performers and took bonuses away from less productive workers.
In Kind donation
Daniel Lubetzky, founder of snack bar maker Kind, pledged $25 million to create Feed the Truth, a group charged with educating consumers and supporting journalism that investigates corporate influence on the nutrition field. Kind itself was warned it was inappropriately labeling its bars as healthy.
Apology accepted
Columbia University accidentally emailed acceptance notices to 277 prospective students and then recalled them. The erroneous messages were sent to applicants to the master’s program at the Mailman School of Public Health. About an hour later, a retraction and apology were sent out.
Oakley welcome back in the paint
Madison Square Garden lifted its days-old ban on former Knicks star Charles Oakley. But Oakley responded by saying he will not return until Dolan publicly apologizes to him and the fans.
A version of this article appears in the February 20, 2017, print issue of Crain’s New York Business.
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