Vacancy rates for apartments in New York City's borough of Manhattan, the largest U.S. apartment market, declined in 2009, as lower rents and better landlord incentives attracted tenants, according to a quarterly brokerage report.
Tiffany & Co and Signet Jewelers Ltd saw holiday sales rise as shoppers began splurging on luxury items again and both jewelers said their profits should top expectations.
Chinese property developer Shanghai Forte Land Co Ltd is in talks to buy a high-end residential property in Shanghai from Goldman Sachs in a deal worth more than $200 million, two people familiar with the situation said.
Owners of Stuyvesant Town and Peter Cooper Village, a vast New York apartment complex, will miss a $16 million loan payment on Friday, putting them in technical default on their mortgages, the New York Times said, citing executives briefed on the matter.
A former senior executive at Citigroup Inc has decided to take legal action against the company to force it to resume paying his multi-million dollar severance package that has been frozen for six months, the Financial Times said, citing people close to the situation.
A top executive at American International Group Inc has resigned because of pay curbs imposed by the Obama Administration's pay czar, the insurer announced on Wednesday.
American International Group Inc is preparing to pay its departing general counsel several million dollars in severance after she resigned over federal pay curbs, the Wall Street Journal reported on Monday.
American International Group Inc has halted efforts to sell a stake in Chartis, as Chief Executive Robert Benmosche focuses on expanding the property and casualty unit, a person familiar with the situation said on Tuesday.
Economy Growth Estimate Drops; Popular Home Buyer Tax Credit; State Street's Italian Investment
The Treasury will sell its stock in Citigroup to achieve the best possible price for the American public, the head of the government's financial bailout program said on Thursday.
The U.S. government quietly agreed not to collect billions of dollars in potential taxes from Citigroup Inc as part of its deal to allow the bank to repay its taxpayer bailout, The Washington Post reported.
Top executives at troubled insurer American International Group have been struggling financially after taking personal losses in the wake of the near-collapse of the company last year, AIG's chief executive Robert Benmosche told the Wall Street Journal in an interview.
Goldman Sachs Group Inc is being sued by an institutional investor who claims the firm is preparing to pay out improper bonuses.
Cuts in 2009 pay and bonuses for Citigroup's top 100 executives ordered by the Obama administration's pay czar will remain in place despite the bank's deal to exit the government's bailout program, a Treasury official said on Monday.
Entertainers came out full of holiday spirit on a freezing afternoon at the New York Stock Exchange Tree Lighting ceremony on Thursday.
Kenneth Feinberg, the Obama administration's pay czar, will exempt some executives at American International Group from a $500,000 salary cap after at least five employees threatened to quit, Bloomberg reported citing people familiar with the matter.
Five senior executives at American International Group told the insurer last week they may quit if their compensation was cut significantly by the U.S. pay czar, the Wall Street Journal reported on Sunday.
Goldman Sachs Chief Lloyd Blankfein is weighing plans to increase the share of compensation paid out in equity to executives in a bid to quell public anger over the probability of large pay-outs, the Financial Times said.
Luxury U.S. homebuilder Toll Brothers Inc reported a wider-than-expected quarterly loss on Thursday as revenue slumped and it wrote down the value of its land holdings, sending its shares down 7.5 percent.
The Federal Reserve is tightening its policies on director eligibility more than six months after then New York Fed Chairman Stephen Friedman resigned after questions were raised about his stockholdings in Goldman Sachs once it came under the Fed's direct supervision.
The Federal Reserve said on Wednesday it will no longer allow directors at regional Fed banks to own shares in financial firms, following controversy over a former Goldman Sachs CEO who bought that firm's stock while leading the New York Fed's Board.
Tiffany & Co , which resisted the temptation to deeply discount its jewelry in the recession, posted earnings showing its upscale shoppers around the world are coming back to life.
