Search

The article focuses on concerns of landlords that own office towers in the financial districts of several cities, including New York City and London, England. While the landlords' vacancy rates are low in 2007, many of them feel that if problems in the financial industry continue, many financial firms will vacate their offices and leave them with high vacancy rates.

Recalls the attempts of New York state's attorney general Eliot Spitzer to clamp down on conflicts of interest in the insurance and brokerage industries. Brokers who arrange insurance coverage for corporate clients who are creating concern in the London insurance market by seeking to levy new fees on insurance; Corporate insurance buyers and industry executives who contend that the fees are similar to those that drew Spitzer's ire; How the new fees are being justified by brokers; Details of a civil-fraud lawsuit filed by Spitzer against Marsh & McLennan; Comments from Ken Carter, the chief executive of U.K. broker Jardine Lloyd Thompson (JLT), on why JLT is considering reneging on their commitment to no longer charge insurers.

Corrections to several articles previously published in the newspaper in 2012 on topics including the One World Trade Center tower in New York City, Florida's sales tax rate, and Abingdon, England, are presented.

The article announces that John Reade and Victor Flores have been hired as analysts by the gold fund Paulson & Co. in its London, England and New York offices, respectively.

The article describes several houses for sale. Information is presented on the features of the kitchen of a traditional home located in Sonoma, California being sold for 4.49 million U.S. dollars. It describes a loft in SoHo, New York City which is being offered for 4.4 million U.S. dollars. It relates that a three-bedroom townhome in London, England is being sold for 2.65 million British pounds.

The article reports on the plan of British bank HSBC Holdings PLC to sell its office buildings in New York and Paris, France, as well as its headquarters in London, England. It states that the move could raise a big amount of money for the British bank. The bank said that it is testing the market with three of its landmark property assets. HSBC is operating around 10,000 properties, with a total of 78 million square feet.

The article presents an update on the real estate market as of March 18, 2009. It cites the move of mezzanine lender Cadim to auction off its interest in 1330 Sixth Avenue, an office tower in New York owned by Macklowe Properties, after its loan matured. London, England-based New Star UK Property Unit Trust has sold its Governors House office building for £70 million. The monument of Harry B. Helmsley, the late husband of real estate heiress Leona, was damaged when a snow plow hit it in December 2008.

The article reports on the appeal made by New York Attorney General Andrew Cuomo to a state judge to deny Bank of America (BofA) its request for confidentiality. The bank is requesting confidentiality for bonuses it has paid to top Merrill Lynch & Co. employees in late 2008. It notes that the standard confidentiality agreement offered by Cuomo has been considered by the bank as insufficient. It adds that the bank has discovered a trading irregularity in its investigations over the trading positions of Merrill in London, England.

The article reports on the transfer of $164 million to the U.S.-based Madoff Securities International Ltd. of Bernard Madoff a few weeks prior to his arrest on fraud charges, based on a filing in the U.S. District Court in the Southern District of New York. It is stated in the filing that the assets held by the London, England operations of Madoff was greatly reduced by the movement. Courts and liquidators in London were said to be reluctant to cooperate with the investigation. Madoff was cited as a major shareholder in Madoff Securities.

The article focuses on significant improvements at the Terminal 5s (T5s) of the Heathrow Airport in London, England and the John F. Kennedy International Airport in New York City. It notes that one of the magnificent aspects to the building of the T5 of the Heathrow Airport is its lobby of 96 kiosks. It cites that the new T5 at the Heathrow has space to have its crew rooms at the airport. There are touch-screen monitors in gate seating areas of the New York airport where one can order freshly prepared food.

The article reports that British Airways PLC intends to spend $30 million to renovate its terminal at the John F. Kennedy (JFK) Airport in New York City. According to the author, the airline intends to construct premium check-in pavilions for preferred passengers and upgrade the lounges in order to make them similar to those found at Terminal 5 in Heathrow Airport in London, England. The project, which is estimated to take 18 months to complete, will begin in June 2008.

The article focuses on the London interbank offered rate also known as Libor which is supervised by the British Bankers' Association. The organization has been examining the Libor based on allegations that it does not manifest the average rate at which banks borrow money. During a conference call with the BBA, it has been reported that the people knowledgeable with the issue thought that the organization will not address the problem. It is suggested that the Libor be calculated to 4 PM from 11 AM in London, England to capture the activity in New York.

The article focuses on mayors Boris Johnson of London, England and Michael Bloomberg of New York. It presents the difference in the personalities of the two public officials. According to John Gallagher, a spokesman for Bloomberg, among the topics the two officials can discuss in Bloomberg's visit to London include transparency, accessibility and efficiency. It also cites the plan of Bloomberg to meet with Conservative Party leader David Cameron during his visit.

The article reports on the plan of Swiss banking firm UBS to unveil another round of job cuts on May 6, 2008 as part of its restructuring plan. According to analysts, most of the cuts will come from the fixed-income unit in London, England and New York City. It notes that the size of job cuts will demonstrate the performance of the bank under the leadership of its chairman Peter Kurer. Also mentioned is the possibility that UBS will post a net loss of about 12 million Swiss francs for the first quarter of the year.

The article discusses the shift in focus of international commerce from New York to London, England in 2008. According to the article, London has greater advantage because its capital pool seemed comparatively deep, pushing stock issuance and the volume of mergers and acquisitions activity in Europe ahead of the U.S. Russian business enterprises and Middle Eastern governments, which are looking to go public, are also to choose London as center of their overseas operations.

The article reports on the plan of Barclays PLC bank president Robert E. Diamond Jr. to split his base of operations between New York City and London, England. The decision, which will put a lot of the bank's senior team to be based in the U.S., was made as other high-profile bankers including Thomas Gahan of Deutsche Bank AG and Michael Zaoui of Morgan Stanley are leaving the sector. Diamond states that he will still retain his post and keep reporting to company chief executive John Varley.

The article reports that British Airways (BA) PLC's nine-month net profits rose by 22% amidst the global economic downturn, due to a strong demand for its business-class fares. Growth in the premium market has led to plans of starting daily double business-class only flights from London City airport to New York in 2009 on Airbus A318 aircraft with 32 flat-bed seats. Shares of the company dropped 4.2% due to concerns over its premium strategy in the wake of MAXjet Airways' collapse of its business-class only airline and BA's rising fuel bills.

The article reports that the dollar remained stable in New York after the euro reached a record high in overnight trading during the London, England session. The currency markets are examining the implications of the Federal Open Market Committee's decision to reduce its benchmark lending rates by half a percentage point. According to Gary Sakamoto of Wells Fargo Bank, future contracts are pricing in a better than 70% chance of a 0.25-percentage-point reduction to 4.50% at the meeting of the Federal Open Market Committee on October 31, 2007.

Reports on the antiwar movement in the United States as U.S. forces prepare to invade Iraq. Opinion that protesters are planning to disrupt businesses and financial markets; Impact of their civil disobedience in London, England, San Francisco, California and other places in the U.S.; Places where antiwar activists are expected to organize; Strategy of the antiwar groups to keep the interest of protesters focused and unified; Effort of police and business to control an assault by activists; Indication that protestors want control of Times Square in New York City.

Reviews the concert of the London Philharmonic Orchestra which was conducted by Mstislav Rostropovich at the Avery Fisher Hall in New York City.

Presents issues related to recreation as of May 26, 2000. Criticism on the planned re-enactment of the mass suicide of the People's Temple members at the Institute of Contemporary Arts in London, England; Details on the plan of the National Rifle Association to open a theme restaurant in New York City, New York.

Provides information on the initiative of the Tate Gallery in London, England and the Museum of Modern Art (MoMA) in New York, New York for including modern arts in their collection. Opinion of Glenn Lowry, MoMa director, on the museums' initiative; Comments from MoMA curator Kirk Varnedoe; Thematic and polemic installations of modern art.

Deals with the plan of New York's Museum of Modern Art and the Tate Gallery in London, England to launch a venture that will sell everything from furniture to art online. Expectations on the source of revenue from the venture; Remarks from Tate Director Sir Nicholas Serota.

Comments on the joint Internet venture announced by the Museum of Modern Art in New York City, New York and Tate Gallery in London, England. Items to be sold by the venture.

Reports that many American-produced plays are being tried out in London, England before opening in the United States. How it is less expensive to do research and work out kinks in a production in London; Mention of some productions being tried out as of March 1999 including, `The Prisoner of Second Avenue,' `Hay Fever,' and `The Unexpected Man'; The price of putting on a Broadway show in New York City; Why London is cheaper.

Unveils that the New York Mercantile Exchange (Nymex) officials are in London, England lobbying international energy traders in an effort to rescue their bid to acquire Great Britain's International Petroleum Exchange. Comment from Nymex President R. Patrick Thompson on the bid; Measures designed to reassure European companies about a merger with a United States exchange; Status of the commodities market.

Reports that Belgo Group PLC, a restaurant chain in London, England, will open a restaurant in New York. Information on its menu; Company sales; Changes that Belgo will initiate at its New York eatery.

Examines how eating `a lot' in America translates into eating `way too much' in other countries. Comparison of an Italian restaurant in a New York City suburb and one near London, England; How America beats all in its tendency to overeat according to many foreigners; Reasons that portions are smaller in Europe and elsewhere including a mixture of history and habit; Practices at each restaurant that tell the tale.

Reports on the efforts of New York to bring Madame Tussaud's wax museum and an AMC Entertainment Inc. multiplex theater to the Times Square area in compliance with Walt Disney Co.'s condition for redevelopment of the region. Details of the negotiations of state and city officials with AMC and Tussauds; Interest of several entertainment companies in the area.