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The article reports that shareholders have filed a lawsuit against Reserve Funds' Primary Fund for halting redemption of holdings in Manhattan, New York City. The shareholders alleged that the fund deviated from its objective to preserve capital and liquidity. The lawsuit states that the fund's strategy to pursue higher yields was exemplified by its unreasonable concentration of $785 million in commercial paper issued by Lehman.

As many as 20 Manhattan automated teller machines (ATMs), and the cash inside them, have been stolen since January 2004, the New York Post has reported. Citing a police source, the newspaper said last week that thieves have netted nearly $200,000 from ATMs, which held between $4,000 and $22,000 of cash. The stand-alone machines were in retail locations. Police officials said it probably took more than one person to carry the ATMs, according to the paper.

The article focuses on the forthcoming events related to security trade. JPMorgan Securities is hosting its "Structured Products Research Conference" at The Roosevelt Hotel in Manhattan on March 8, 2005. UBS AG is holding its third annual "New York CDO Conference" in Manhattan on March 10, 2005. The Strategic Research Institute LP hosts its eighth annual "Asset Backed Commercial Paper Summit" in Manhattan on March 22-23. The Structured Products Association invites market participants to its "Hedge Fund Structured Products 2005" conference on March 16.

The article reports that New York City's Hudson Yards Infrastructure Corp. have decided to sell less debt to pay for US$2.8 billion of development projects on the Far West of Manhattan, New York City under an agreement with the City Council. The agreement would also ensure that the administration does not use any revenue from the redevelopment area to subsidize the proposed US$1.4 billion New York Jets stadium.

The article offers information on a protesting march by 200 people regarding the eviction of homeowners demanding that U.S. President Barck Obama should implement a principal reduction policy. It reports that protester demanded to remove director of the Federal Housing Finance Agency. It informs that the protestors gathered in Midtown Manhattan, New York with several objects in hand including wielding mops, buckets and brooms to clean house at government-sponsored enterprises.

Reports on the approval of a new financing plan for the far West Side of Manhattan by the city council in New York City. Reduction of the amount of debt issued; Payment of the bond issued by the new Hudson Yards Infrastructure Corp. using project are revenues or city general funds under the financing plans; Amount of debt to be issued for projects costs.

Reports on the intentions of New York Stock Exchange chairman Richard Grasso to build an exchange headquarters in lower Manhattan.

Reports on the roundtable conference of private placement participants held at headquarter of Rothschild Inc. in Manhattan, New York City during November 2002. Mission of the roundtable conference; Views of the participants on the private placement market; Comments of Teachers Insurance Annuity Association's Michael O'Kane; Performance of the private market during weak economic environment.

December 30, 2020 A real estate firm focused on gentrifying neighborhoods is showing cracks after a group of its apartment buildings in New York's Upper West Side and Harlem filed for bankruptcy. The company pitches itself on its website as a leading real estate firm focused on multifamily rental acquisitions, with about 7,000 units across the U.S., including 1,500 "in developing areas" of Manhattan. [Extracted from the article]

The article reports on the construction of One World Trade Center formerly known as Freedom Tower on the skyline in Manhattan, New York City that should be completed in 2013 or 2014. It states that the new building reflects the memories of a deadly hit on September 11, 2011 in which public spaces covered with postings of hundreds of home-made missing persons flyers. It adds that the mortgage industry has been affected with the deadly attack but was determined to show a remarkable resiliency.

The article focuses on the acquisition of Stuyvesant Town-Peter Cooper Village on lower East Side of Manhattan, New York City. It states that the 11,000-unit complex, were first opened in 1947, and was owned by an affiliate of MetLife Inc. The acquisition is said to have been predicted on assumptions on around how much would be rent following the conversion of 56-building complex's apartments into luxury dwellings.

The article reports on the lawsuit filed by Black Diamond Capital Management LLC against Barclays Bank PLC in Manhattan, New York. The lawsuit claimed that Barclays did not return excess collateral that Black Diamond had put down as security on a total return swap transaction. On the other hand, Barclays had responded that the suit is filed without merit and that the company will defend itself vigorously.

Reports on the absolution of Theodore Sihpol, former broker of Bank of America Securities LLC, in all securities fraud charges in Manhattan, New York City. Decision of attorney general Eliot Spitzer to dismiss the final four charges against Sihpol; Comments from Sihpol regarding his acquittal; Assessment of Sihpol of his future career.

A coalition of athletes, politicians and financiers has come together to tap the private placement market in an effort to construct National Sports Museum, dedicated to the world of sports. Efforts are underway to construct the new museum in lower Manhattan, in New York City. The firm of Melhado Flynn & Associates Inc. is believed to be arranging a private transaction that, combined with grant money from New York City and State entities, would fund the 70,000 square foot National Sports Museum. The for-profit museum aims to be a one-stop shop for sports fans of every variety.

The article reports on the presentation of the Governors Island Preservation and Education Corp.'s vision for a public park and promenade on the island that sits off the southern tip of Manhattan, New York. In order to create detailed proposals for the spaces, the corporation extended the deadline for a request for qualifications for design firms. According to President Leslie Koch, they really want to attract a very diverse pool of applicants and the agency had not reviewed the submissions recieved.

The article reports that Teachers College, a graduate school in New York City that issued about $41.5 million of taxable bonds in 2003 to finance a 19-story residence hall on its upper Manhattan campus, prepares to refinance taxable debt with tax-exempt bonds. The Dormitory Authority of the state of New York issued as much as $50 million of bonds on behalf of Teachers College to refinance the previously issued debt.

Reports on the discussions between New York City and state officials and Goldman Sachs & Co. about the firm's plans to build a headquarters in Lower Manhattan, New York City. Announcement of the firm that it would suspend plans to build an office tower across the highway from the World Trade Center site; Decision of the state to scrap the plans for a tunnel that Goldman called an obstacle to its plans; Agreement reached by the parties that would grant the firm tax credits and Liberty bonds if it remained in Lower Manhattan.

Reports on an increase in housing in Manhattan, New York. Transit projects that are being undertaken for the revival of New York-based World Trade Center (WTC); Factors that have muted the role of public finance in the revitalization effort of WTC; Effect of Wall Street's recovery on Manhattan.

Receiving Wide Coverage … Shell Shock: Deutsche Bank is accused of owing the U.S. government more than $190 million in taxes, penalties and interest in a lawsuit filed Monday by federal prosecutors in Manhattan. The allegations against the German lender are pretty complicated, as the New York Times warns its readers. The basic charge is that back in 2000, Deutsche wanted to avoid paying capital gains taxes on the appreciated value of Bristol-Myers Squibb stock it… [ABSTRACT FROM AUTHOR]

The article announces the inauguration of Rockfleet Financial Services Inc.'s municipal securities broker-dealer business in Manhattan, New York.

The article reports on the plan of SecondMarket Inc., an online marketplace for illiquid securities, to hire additional workforce in Manhattan, New York. The company, along with Pluris Valuation Advisors, proposes to add 357 workers until 2014. According to Jeremy Smith, chief strategy officer of the firm, the management is also considering expanding its asset classes to 50, including trust preferred securities and asset sales which fall under the Section 363 of the bankruptcy code.

Reports that New York City's plan to redevelop the far West Side of Manhattan would be more cheaply and fairly financed using conventional general obligation bonds than the project bonds proposed by mayor Michael Bloomberg, according to the Independent Budget Office. Financing costs that will be added under Bloomberg's proposal; Plans to improve the Hudson Yards; Ratings expected by the city for the bonds.

Reports that the Grand Central District Management Association Inc. is refunding debt sold in 1994 to finance capital improvements in a 68-block business improvement district around Grand Central Station on midtown Manhattan, New York. Alteration of the organization's indenture underlying its debt to earn an upgrade to Aa3 from A1 from Moody's Investors Service; Source of fund for New York City's business improvement districts.