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Breaking News

Nielsen admits undercounting Web traffic

By - crain, Posted on November 04, 2010

Michael Learnmonth, AdAge.com - The Nielsen Co. disclosed Thursday it has been undercounting traffic to websites -- for at least the last three months -- due to a flaw in its system that failed to recognize long Internet addresses, underestimating "time spent" on the internet and especially social-media sites.

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Test for lung cancer shown to reduce deaths by 20%

By - crain, Posted on November 04, 2010

Gale Scott - The National Cancer Institute halted a major clinical trial of using spiral CT scans to screen smokers for lung cancer after finding that these scans diagnose malignancies at such an early stage that patients who get them are at least 20% less likely to die than those who get traditional chest X-rays.

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J.P. Morgan may lose $120M if Potash deal fails

By - crain, Posted on November 04, 2010

Bloomberg News - (Bloomberg) – J.P. Morgan Chase & Co. and nine other banks may lose an estimated $120 million in advisory fees should BHP Billiton's $40 billion hostile bid for Potash Corp. of Saskatchewan Inc. fail.

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Hevesi adviser to plead guilty in pension scandal

By - crain, Posted on November 04, 2010

A longtime adviser to New York's disgraced former comptroller, Alan Hevesi, has agreed to plead guilty to a felony charge stemming from an influence-peddling scandal at the state pension fund, lawyers and a judge said Thursday.

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In the Markets: Jury clears Citi in EMI suit

By - crain, Posted on November 04, 2010

Aaron Elstein - A jury granted Citigroup a victory in a widely-followed lawsuit filed by the British private equity overlord Guy Hands, who claimed that his longtime investment bank fraudulently egged him on to bid -- and borrow -- far more for music group EMI in 2007 than it proved to be worth.

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Clutch cargo: NY's air freight industry in spotlight

By - crain, Posted on November 04, 2010

Hilary Potkewitz - The discovery of two packages of explosives in U.S.-bound cargo flights last Friday prompted calls for a worldwide security dragnet targeting the air freight industry. Though the parcels originated in Yemen and were headed to Chicago, the incident also has raised concerns about New York's sizable air cargo business.

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Manhattan apartment vacancies rise slightly

By - crain, Posted on November 04, 2010

Manhattan apartment vacancies rise slightly For the third consecutive month, vacancy rates for Manhattan rental apartments ticked upwards slightly, hitting 1.24% in October, according to latest data from brokerage Citi Habit

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Cultural leaders friend Facebook generation

By - crain, Posted on November 04, 2010

Cultural leaders friend Facebook generationThe New York City Ballet's plan to remake its image and attract younger audiences is beginning to show some positive results.

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