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This article discusses the 2012 Fashion Week trade show held in New York City. Topics include the evolution of Fashion Week from an insider industry meeting to a mainstream cultural event, the success that fashion designers such as Michael Kors, Jason Wu, and Neiman Marcus have brought to their respective companies, and the continued importance of the business aspects of the show for industry professionals.

The article examines the relationship between financial services industry finance and public finance in New Jersey, New York and Connecticut. All three states have seen a huge decline in their income tax revenues since the onset of the global financial crisis. The states' budgets became reliant on the taxes on the large salaries and bonuses paid to financial service executives.

The article discusses the prospect of wide-scale layoffs in the U.S. banking industry. On March 10, 2008 Lehman Brothers Holdings announced it would reduce its headcount by 5%. Some executives predict layoffs on Wall Street could reach 20%. Recruiting firm Options Group receives 100 resumes from bankers each day.

The article discusses a proposed deal in New York between BlackRock Inc. and Merrill Lynch & Co. The negotiations of Merrill Chief Executive Stan O'Neal and BlackRock's Laurence Fink for combining their money-management operations are detailed, including Merrill's ownership stake in the partnership and other terms of the deal. BlackRock's previous negotiation with Morgan Stanley is mentioned.

The article reports on the plan of Jared Kushner, the owner of the "New York Observer," to buy Long Island newspaper "Newsday" from Tribune Co. It is reported that Newsday has been experiencing declines in newspaper revenues in 2008. The price for Newsday could determine whether Tribune has to pursue sales of other assets including the "Los Angeles Times," "Chicago Tribune" and others. It is also said that Mr. Kushner's interest in Newsday is very preliminary.

The article discusses several kinds of layoff systems in Wall Street in New York City. Among such systems is the reduction in force or RIF, which is denoted as a percentage of the workforce and is intended to make the system impersonal. Another type is bottom culling which is described as the annual selection of the weakest personnel to be fired.

The article examines the chances of master of business administration (MBA) degree graduates to be hired in Cereberus Capital Management in Park Avenue, New York City. According to Cereberus operations chief W. Grant Gregory, the private equity company hired 110 employees since November 2006, out of 2,500 interviews. It is stated that Cereberus has a 4.4% hire rate, not including from those who expressed interest, sent résumés or were recommended.

The article reports on the range of options being considered by New York-based drug firm, Pfizer Inc. for its consumer-products unit as of February 8, 2006.

Reports that prosecutors secured a settlement over an initial public offering (IPO) case involving a corporate executive. Agreement by Philip Anschutz, founder of Qwest Communications International Inc., to donate $4.4 million to New York law schools and non-profit groups; Pact made with New York State Attorney General Eliot Spitzer; Details of the allegations against Anschutz.

Reports on New York State's law banning use of handheld cellular telephones while driving. Enforcement of the resolution; Factors other than cellular telephone use that contribute to driver distraction; Lack of research on factors contributing to accidents.

Reports on the effort of companies in New York City to save corporate and financial data after the terrorist attack on September 11, 2001.

The article reports on the plan of Electronic Arts Inc. (EA) to launch a tender offer to acquire all the outstanding shares of Take-Two Interactive Software Inc. for $26 each. It mentions that Take-Two has consistently rejected the offers of EA as too low or ill-timed. It notes that unsolicited takeover offers that were once rare in the high technology industry have become more common. It cites the annual meeting to be held by Take-Two in New York City on April 10, 2008, the day before the offer expires.

Reports on the crashing of a commercial passenger jet from American Airlines in Rockaway, a section of Queens in New York City. Many residents of Rockaway lost in the September 11, 2001 terrorist attacks; Personal accounts of how the Airbus 300 fell to pieces and burst into flames; Description of Rockaway.