Business

Latest Business News

• 

  SAC investors fleeing as Cohen faces prosecutors

  Steve Cohen’s looming confrontation with federal prosecutors isn’t sitting well with his investors.  His $15 billion hedge fund giant, SAC Capital, is expected to be hit with another round of withdrawals after prosecutors issued a flurry of...   1:42 AM
• 

  NYC building owners fear lack of terror insurance when TRIA expires

  New York’s commercial real estate market is facing a threat that could rock its foundations: the loss of federal “terrorism insurance.”  The Terrorism Risk Insurance Act, enacted a year after the 9/11 attacks, makes American taxpayers the backstop...   1:42 AM
• 

  Dish Net’s big bid for spectrum

  Charlie Ergen, chairman of satellite-TV provider Dish Network, made a $2 billion bid for radio frequencies from LightSquared, the bankrupt wireless-broadband company owned by Philip Falcone’s hedge-fund firm, said people familiar with the offer. ...   1:42 AM
• 

  Time for Yahoo! to move

  Yahoo! is tumbling into the old Times Building on West 43rd Street with a new lease for 176,000 square feet on the 9th through 12th floors of the 16-story building, where it will consolidate its city headquarters. Yahoo! CEO Marissa Mayer announced...   1:42 AM

• Ordering a combo: Seamless and GrubHub are merging

  For a city obsessed with food delivery, this was a deal made to order.  Two of the fastest growing food-ordering websites — Seamless and GrubHub — have...   1:42 AM

• Banks may mute Bloomberg chat

  Wall Street is talking, all right — about dumping Bloomberg’s chat tool.  JPMorgan Chase is the latest bank to mull a new internal chat system to...   12:47 AM

• Apple’s iTax faces Hill heat

  Tim Cook is about to get the tax audit from hell. The embattled Apple CEO is slated to testify today in Washington about the tech giant’s notorious tax...   12:54 AM

• More writers join the Voice exodus

  Two more staff writers yesterday joined the growing exodus at the troubled Village Voice. “Today, the Village Voice regretfully accepted the...   1:42 AM

• Clearwire vote stalled

  Clearwire will postpone a shareholder vote on whether to approve Sprint’s $2.2 billion takeover that was set for today, The Post has learned. Shares of...   1:42 AM

• That’s $how biz: ‘Spidey’ theater sold to Brits for $60M+

  Live Nation has reached a deal to sell Foxwoods Theater — one of Broadway’s biggest houses — to Britain’s Ambassador Theater Group.  The 1,932-seat...   12:55 AM

• Business briefs

  Kpmg caper Bryan Shaw, the owner of a Los Angeles jewelry store. pleaded guilty to receiving insider information about KPMG clients provided by Scott...   12:42 AM
• 

  Yahoo! going social

  Tumblr’s sale to Yahoo! comes just in time for the New York City-founded startup — investors and staff at the six-year-old blogging site were getting restless as the company failed to make money fast enough. Now, Tumblr founder David Karp, who...   1:42 AM

• Clearwire shareholder vote postponed

  Clearwire will postpone a shareholder vote on whether to approve Sprint’s $2.2 billion takeover that was set for today, The Post has learned. Shares of...  

• Hispanic group asks FTC to probe Herbalife

  A Hispanic consumer group has asked the Federal Trade Commission to investigate the Herbalife, citing concerns that the controversial company is...  

• Yahoo! Takes space in old NY Times building

  Yahoo is tumbling into the old Times Building on W. 43rd St. with a new lease for 176,000 feet on the 9th through 12th floors of the 16-story building...  
• 

  JPMorgan might dump Bloomberg chat feature

  JPMorgan Chase is mulling a new online chat system to replace Bloomberg LP’s instant-messaging function amid concerns about a privacy breach, The Post has learned. JPMorgan is eyeing a chat service that is still the early stages of development and...  
• 

  EXCLUSIVE: First look at Staten Island's Empire Outlets

   These exclusive images offer a dramatic first look at Empire Outlets, the huge shopping/dining/hotel complex planned for the Staten Island waterfront near the St. George Ferry terminal. The 340,000 square-foot project by Brooklyn-based BFC...  
• 

  Broadway’s Foxwoods Theater sold to UK’s Ambassador in $65M deal

  Live Nation has reached a $65 million deal to sell Foxwoods Theater — one of Broadway’s biggest houses — to Britain’s Ambassador Theater Group, The Post has learned.  Live Nation is expected to announce the deal later today for the 1,932-seat West...  

• Seamless and Grubhub set to combine forces

  CHICAGO — Seamless North America and GrubHub say they're combining to create an online food ordering service covering more than 20,000 restaurants in...  

• SAC’s Cohen subpoenaed

  Hedge-fund titan Steve Cohen can now add a federal grand-jury subpoena to his collection of art, houses and moolah. The embattled money man, who last...  
• 

  Chill factor

  Most popular songs  1. Can’t Hold Us, Macklemore + Ryan Lewis 2. Just Give Me a Reason, Pink 3. Mirrors, Justin Timberlake 4. Come and Get It, Selena Gomez 5. Radioactive, Imagine Dragons 6. Gentleman, PSY 7. Stay, Rihanna 8. I Love It, Icona Pop 9....  

• Wranglers shirt-faced

  A Bangladesh factory where Wal-Mart Stores and Spain-based Inditex SA inspectors spotted cracks in the wall this month is still making Wrangler shirts...  

• Grill and beer it

  When you celebrate Memorial Day by throwing some dogs on the grill, you’ll need something to wash them down. That’s where these mags can come in. If...  

• Business briefs

  Luster cluster Hedge-fund managers are making the biggest ever bet against gold as billionaire George Soros sold holdings last quarter and Goldman...  

• Turness in furnace: Hot day at NBC News

  Incoming NBC News boss Deborah Turness better be a quick learner — her to-do list is already overflowing. While dealing with a recently cooled MSNBC...