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Byline: Tom Fredrickson The economic slump that gripped New York City in the 1970s amid a fiscal crisis, a plunge in manufacturing jobs and middle-class flight lasted eight years. The [...]

Byline: TOM FREDRICKSON For all the large leveraged buyouts that are on hold or being altered to make them more acceptable to the credit markets, hundreds of smaller deals are [...]

Byline: TOM FREDRICKSON Amalgamated bank, founded 84 years ago by the Amalgamated Clothing Workers, has always stuck to its knitting, serving unions and union members. And it has served them [...]

Byline: TOM FREDRICKSON Anne keating is prone to panic when someone makes small changes in her schedule, like moving an appointment from 6 p.m. to 5:30 p.m. She becomes anxious [...]

Byline: TOM FREDRICKSON By day, andy palacio is an assistant district attorney in Brooklyn. By night, he reads books about the immigrant experience, looking forward to the one precious night [...]

Byline: TOM FREDRICKSON In the year since a blackout devastated northwest Queens for nine days, Consolidated Edison has spent $90 million repairing and upgrading the equipment that serves more than [...]

Byline: Tom Fredrickson Last week, Gov. Eliot Spitzer unveiled an aggressive plan to cut the state's electrical consumption 15% from levels predicted for 2015 while building enough clean generating capacity [...]

Byline: TOM FREDRICKSON Five mornings a week, Gene Meisner, 86, boards the bus in Brooklyn to head to her job as a financial adviser at Smith Barney in Manhattan. She [...]

Byline: TOM FREDRICKSON At age 3, Brooke Johannsen has already studied art and has moved on to soccer, gymnastics and all-around gym. Her mother, Margaret, has enrolled Brooke in three [...]

Byline: Tom Fredrickson Linda zou happily dives into a 3-inch-high stack of financial statements to process loan applications and attends networking events after-hours. She also speaks four languages: Cantonese, English, [...]

Byline: Tom Fredrickson A rapid rise in foreclosure rates could cost thousands of mostly low- and middle-income New Yorkers their homes. The number of homes in foreclosure rose 18% in [...]

Byline: Tom Fredrickson For four long years, Bank of New York was mired in a series of problems, including bad loans, rising costs and weakening margins. Even the news last [...]

Byline: Tom Fredrickson For the past five years, hundreds of New York companies have experienced first-hand the impact of the wars in Iraq and Afghanistan. The 19-person financial accounting division [...]

Byline: tom fredrickson Sara Mirski, 38 Managing Director of Development, Boymelgreen Developers It took sara mirski time to find her true calling. After graduating summa cum laude from the University [...]

Byline: tom fredrickson Maurice L. Coleman, 39 NEW YORK Market Executive, Bank of America While attending high school in a tough neighborhood in Trenton, N.J., Maurice Coleman picked up his [...]

Byline: tom fredrickson Joseph Spinelli, 57, chief operating officer of Daylight Forensic & Advisory, is a fraud buster. The former FBI agent, who bills upward of $500 an hour, specializes [...]

Byline: Tom Fredrickson in 2007, New York's economy will repeat the same remarkable feat it accomplished in 2006: growing faster than the national economy. Crain's estimates that the city will [...]

Byline: Tom Fredrickson One of the biggest winners among New York firms in 2006 has been performing like a company on heavy doses of nutritional supplements, which is what it [...]

Byline: tom fredrickson DamiAn Mercado, 47, manages the East New York Food Co-Op, the first high-quality cooperative grocery to open in a low-income area of New York City. Mr. Mercado, [...]

Byline: Tom Fredrickson Commerce Bank invaded New York in September 2001. It planted its big red C's on spanking new branches and popularized radical ideas such as free checking and [...]

Byline: TOM FREDRICKSON 'Tis the season to be jolly. No, 'tis the season to be stressed. Ask Jennifer Abelson. She and her husband celebrate both Christmas and Hanukkah and have [...]

Byline: Tom Fredrickson Faced with public revulsion, News Corp. was forced last week to cancel the publication of the O.J. Simpson book If I Did It and the airing of [...]

Byline: Tom Fredrickson Serving the ultrawealthy has been a focus of New York's financial institutions for years. But with competition heating up, local banks are putting their hiring machinery into [...]

Byline: tom fredrickson Lorraine Saint Pierre is a fortysomething psychic whose professional name is LuhrenLoup. Offering private and group services in her Upper East Side apartment, she commands $150 for [...]

Byline: Tom Fredrickson This week's kickoff of the art auction season is expected to bring a wave of Picassos, Warhols and others--and to draw record amounts of money from hungry [...]

Byline: Tom Fredrickson Kevin Neuschatz's money-transmittal business, Choice Money Transfer Inc., is less than two years old. But the firm is already on its third bank, and there's no telling [...]

Byline: Tom Fredrickson Sarah segal's timing in selling her $1 million Manhattan apartment was impeccable. She and her husband, Benjamin Segal, associate creative director at an advertising agency, sold their [...]

Byline: Tom Fredrickson Two years after Commerce Bank opened its Kings Highway branch in Brooklyn, one of its first in the borough, the branch is now processing an average of [...]

Byline: tom fredrickson Peter Holoman, 37, directs campus programs and support services at Medgar Evers College in Brooklyn. His focus is the Male Development and Empowerment Center. The job pays [...]

Byline: Tom Fredrickson Don't expect much when Signature Bank opens a new branch in Jackson Heights, Queens, in the coming days. The bank plans no ribbon-cutting, balloons, clowns, toaster giveaways [...]

Byline: tom fredrickson Christopher J. Collins, 55, is the executive director of Solar One, a green-energy education center in Stuyvesant Cove Park along the East River in Manhattan. The job [...]

Byline: Tom Fredrickson For the past three years, surging demand for energy and housing drove the economy, sending revenues, earnings and share prices through the roof for a host of [...]

Byline: Tom Fredrickson Last week, Viacom Chairman Sumner Redstone sacked fast-falling superstar Tom Cruise. Given the disappointing performance turned in by Viacom's shares, maybe Mr. Redstone should also have ousted [...]

Residential construction in New York City is headed for its first annual decline in more than a decade. In the first seven months of the year, the city has issued [...]

Wall street left a message for Comverse Technology Inc. last week: 'Don't worry about it.'' Even though the feds last week slapped criminal indictments on three of the company's former [...]

On a recent Thursday afternoon, 17 people waited in line at the Citibank branch on Myrtle Avenue in Bushwick, a heavily Latino neighborhood in Brooklyn that has 110,000 people and [...]

Byline: Tom Fredrickson Offering everyday low prices, Bed Bath & Beyond Inc. sells mountains of bedspreads, barbecues and everything in between. When it comes to selling its own stock, though, [...]

In the face of a declining market, Countrywide Financial Corp., the nation's largest mortgage lender, is planning a full-bore invasion of New York City, expecting to open about 30 residential [...]

Last week, MasterCard Inc. unleashed its grand new brand identity, MasterCard Worldwide, as part of an aggressive effort to spread its updated red-and-orange logo around the globe. Unfortunately, the company's [...]

While New Yorkers focus on the movements of the residential real estate market like circus spectators waiting for the tightrope walker to fall, the mortgage business is already crashing to [...]

Byline: Tom Fredrickson Last week, Merck & Co. fired a massive warning shot across the bow of the generic-drug industry. The pharmaceuticals giant announced that it would offer a lowball [...]

Byline: Tom Fredrickson Time was, the lowly spud--or the lack thereof--was what many people associated with Irish food. Today, that cuisine is as sophisticated as viands from any land. But [...]

Byline: Tom Fredrickson The overhaul of New York's electricity market 10 years ago was supposed to allow customers to choose their suppliers and to drive down costs. Though the pioneering [...]

Byline: Tom Fredrickson For any other company, an announcement like the one Pfizer Inc. made last week--that one of its divisions had drawn a number of bids for more than [...]

Howard Goldstein, 61, is one of the 300 operators at New York City's 311 call center in lower Manhattan. He fields questions from at least 100 callers a day. His [...]

In april, Astoria Financial Corp. announced that its first-quarter earnings were down 12% from first-quarter 2005 because of slower loan growth and soaring deposit costs. Analysts rushed to lower earnings [...]

In announcing the $3.6 billion takeover of Independence Community Bank Corp. of Brooklyn last fall, Sovereign Bancorp Chief Executive Jay Sidhu spoke optimistically about how the combined company would increase [...]

Last week's announcement of Wachovia Corp.'s planned $24 billion acquisition of Golden West Financial Corp. is ratcheting up pressure on Citigroup Inc. and J.P. Morgan Chase Inc. to respond with [...]

Byline: Tom Fredrickson Last week, Warner Music Group Corp.'s board unanimously rejected a $4.2 billion buyout offer from British recording company EMI Group. The board was right, and investors should [...]