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The article focuses on the practice of sharing virtual offices as facades for financial fraud. The creation of virtual office complex at 67 Wall Street in New York City is detailed. Particular attention is paid the activities of hedge fund manager, Robert J. Sucarato, who is under investigation for deceiving investors. Sucarato shared an office at 67 Wall St. with dozens of others for $100 a month. The way fraudulent companies use virtual address to build credibility with investors is discussed. INSET: RENT-A-SPACE.

Discusses the budgetary problems encountered by the City University of New York in New York City. Information on the reduction of the state funding of the public university; Actions taken by the public university to deal with its budgetary problems; Strategies of public universities to help students deal with tuition increase.

The article discusses the hedge fund company Citadel Investment Group. Kenneth C. Griffin founded Citadel with $1 million in 1990 and brought it up to one of Wall Street's top opportunists in 2007 with 30%-plus gains compared with 12% for the average fund. Citadel, worth $20 billion, accounts for 3% of the stock trading volume in the world and looks more like a large-scale financial company than a hedge fund. Griffin may be holding a public offering of Citadel in 2008.

Focuses on New York City-based law firms' efforts to woo new media and Internet companies. Law firm Proskauer Rose's willingness to take stock in a company in lieu of fees; Increase in the number of local firms expanding their profile within the Internet industry; Adoption of flexible pricing policies to gain credibility with the Generation X.

Focuses on the profitability of the New York City office of law firm Mayer Brown & Platt. Number of lawyers comprising the New York City office of the law firm; Estimated amount in annual salary received by Mayer Brown partners; Factors attributing to the law firms profitability and success.

Focuses on New York-based Major League Baseball teams' efforts to woo fans. New York Yankees' retention of advertising agency BBDO New York; Combination of multimedia ad pitches with marketing strategies; New York Mets' aggressive courting of the Hispanic community.

Reveals that the market for initial public offering are motivating New York City lawyers to accept a portion of their legal fees in client stock. New York city firms that have received stocks in lieu of fees; Modest gains realized by law firms from the stocks; Concerns in the legal profession caused by the practice of accepting stocks instead of fees.

Reports on the success of the merger of New York City-based law firms Reid & Priest and Thelen Marrin Johnson & Bridges operating under the name Thelen Reid. Benefits for the merged companies; Revenues from the combined operations; Example offered by the merger for law firms contemplating on the move.

Focuses on New York City-based law firms' efforts to attract summer associates. Competition for law school graduates; Increase in summer class sizes; Cost of wining, dining and entertaining the summer associates.

Reports on the success of the top New York City-based investment firms in winning the sales of some of the United States' professional sports teams from banks. Football and baseball teams for sale; Seller's investment bank; Sale price; Date of sale; Gains posted by investment firms over banks.

Reports on the insurance claim problems faced by businesses and residents who were affected by the collapse of a building at the Times Square in New York City, New York developed by Douglas Durst. Estimated amount of damages incurred by the collapse; Losses that the building developer and insurers are refusing to compensate; Pending lawsuits filed against the developer.

Reports on how branding is fast becoming the new buzzword for New York City law firms in their search for clients. Plans of Rosenman & Colin to use a targeted advertising campaign to build itself into a brand-name practice with the city's new media and technology companies; Citing of law firms' need to develop name recognition; Increased use of advertising.

Reports on the treatment of minorities by New York City's police as part of its crime-fighting tactics. Incidents of police abuse of minorities; Experiences of minority business executives with the police; Calls for police training to encourage treatment of minorities with respect. INSET: Safir to speak.

Warns of the consequences of the downsizing at Anderson Kill & Olick, a mid-sized New York City law firm. Threat posed by the slowing economy on nonspecialized firms; Salaries for beginning lawyers; Difficulties in consummating law firm mergers.

Reports on the collective bargaining activities initiated by labor unions in New York City in an attempt to regain the benefits of construction workers. Bid for wage increase; Negotiations eyed by union leaders with trade associations; Correlation of economy with worker benefits.

Focuses on the reorganization of New York City-based law firm Chadbourne & Parke. Overview on the efforts of the company in dealing with the consequences of a drop in partner compensation in 1997 caused by huge expenses at its international offices; Rise in the average revenue for the company's partners during year-end 1998 as compared to that of 1997.

Reports on the growing number of New York City-based law firms that are opening foreign offices and seeking global deals. Law firms leading the charge; Factors driving the trend; Response of foreign firms to the trend; Key countries targeted for expansion.

Reports that Peter Tobin, the new dean at Saint John's University's College of Business Administration in New York City, will be donating money to the institution in an attempt to revive its master of business administration (MBA) program. Amount to be donated by Tobin to the educational institution; Overview on the decline in the enrollment in the university's MBA program for the past two years.

Highlights the strength of the practices of New York law firms. Record salaries for first-year associates in 1998; Positive outlook for 1999; Recruitment of bankruptcy attorneys; Business from corporate deal making; Increase in merger and acquisition activity; Real estate practice; Minimal impact of economic unrest in Asia on firms with substantial international law practices.

Focuses on the shortage of high-quality industrial buildings in New York City. Hindrance to the manufacturers' ability to expand; Prohibitive cost of renovating old buildings; Threat to the city's efforts to bolster its industrial base.

Reports that three New York City property tax lien sales have generated $425 million in new revenue. Delinquency rate on city property taxes; Lessons learned from lien sales; Plans to sell 100 commercial and residential properties with unresolved tax liens to the general public in November 1998; Manner of payment of property taxes before the lien sales were instituted in 1996.

Looks at the possible impact of job cutbacks on Wall Street and in related industries on New York City's economy. Predicted expansion of the economy; Addition of about 35,000 jobs; Merrill Lynch & Co.'s plan to cut its workforce by about 3,400 jobs; Status of other industries in the city. INSET: Worries at the high end..

Reports in August 1998 that racial bias exists in the distribution of television advertising by companies in New York City. Comparison of WXTV Channel 14, the dominant Spanish-language television station and other stations in the area; Revenues for the stations; Contention that minority stations have ratings but low revenue; Factors which influenc this situation.

Reports that in the aftermath of an accident on 4 Times Square in New York, many of the businesses there are discovering gaps in their insurance coverage. Information on the kind of insurance many of these companies have; Circumstances surrounding the closure of part of this street; Comments made by Robert Lucurell, chairman of Adjusters International, a national public adjuster firm that helps resolve insurance disputes.

Presents information on the opening of the New York Marriott hotel, with focus on the economic situation in Brooklyn, New York City, New York. Number of employees the hotel will employ; Details on the problems that Brooklyn is experiencing with its economy; Factors which contributed to the economic situation in Brooklyn; Comments from Joan G. Bartolomeo, president of the Brooklyn Economic Development Corporation.

Focuses on the impact of bank mergers on advertising agencies in New York City, focusing on the merger announced by Citicorp and Travelers Group. Impact of this announcement on Young and Rubicam Incorporated; Comment from Anal J. Gottesman, an advertising company consultant; Details on other banking mergers announced.

Reports that teenagers in New York city are experiencing difficulties when it comes to finding summer employment despite a booming economy. Reasons why many firms want subsidies to fund student internships; Details on the federal program which assist economically disadvantage teens; Number of jobs the federal program will be unable to provide; In-depth look at why businesses are unwilling to train teenagers for short term employment.

Focuses on the New York City Housing Court. Views that the housing judges are bias against landlords; Reference to number of cases heard by 35 judges in the housing court; Why is it difficult to find judges for the housing court; Views that the mayor should have authority to appoint housing judges; Comments from Robert Goldstein, an attorney with Borah Goldstein Altschuler and Schwartz; Reference to complaints from landlords.

Focuses on bankruptcy in New York City, with reference to legislation passed to combat the actions of a number of serial filers. Comments from Conrad B. Duberstein, a United States bankruptcy judge; Code under which the majority of bankruptcy claims are made; What legislators ore considering.

Presents information on the plans of Morton and William Sloan to open an Associated supermarket in New York City, New York that will feature a 70-seat indoor cafe. Comments from Morton Sloan, the founder of the Sloan's supermarket chain; Detailed examination of the supermarket and cage; Efforts of A&P's Food Emporium and the D'Agostino chain to strengthen their prepared-food offerings.

Presents information on DeVito/Verdi, a small advertising company in New York City which is owned and operated by Ellis Verdi and Sal DeVito. Details on the company's operations; Comment from Verdi; Reference to the agency's handling of an account for Daffy's in 1991; Suggestion that the company is primarily a New York niche company.

Presents information on Conde Cafe, New York, New York. Plans of the cafe; Information on the move of the cafe; Indepth look at the architect who was hired to redesign the cafe; Observations from James Truman, editorial director of Conde Nast Publications Incorporated's 15 magazines.

Reports on the hiring of United States African-American district attorney Zachary Carter by Minneapolis, Minnesota-based law firm Dorsey & Whitney for its office in Manhattan, New York. Reputation of Carter; Number of lawyers at Manhattan office; Qualifications; Notable cases; Work experience.

Focuses on the trends on recruiting new lawyers in New York City by smaller law firms. High compensation package offered by the firms to attract top graduates; Average rate of salaries.

Focuses on the efforts of law firms in New York City to build and establish offices in New Jersey. Case examples; Growth of New Jersey's client base prompting firms in the city to open are offices.

Focuses on the growth of New York City-based publishing and on-line company, VaultReports.com. Provider of gossips and news on big law firms, investment banks and management consultants; Expected gross revenues in 1999; Initial public offering plans.

Profiles Robert Quish, president of the New York office of advertising firm Lowe & Partners/SMS. Quish's previous work; Roles and responsibilities; Challenges facing Quish as head of the office; Goals for the agency.

Criticizes the advanced job training programs of the City University of New York (CUNY). Need for the CUNY to increase its participation in the city's economic development effort; Details of the report released by a mayoralty task force citing the faults of CUNY; Reaction of the CUNY on the report.

Reports that New york City-based independent media buying firm DeWitt Media Inc.'s plans of upgrading its technology and focus on smaller clients. Doubling of the agency's client billings over the past five years; Impact of large advertising agencies on the market of small media buying shops; Media buying as an important aspect of the advertising business.

Reports that New York City law firms are employing more workers than at anytime in the past eight years, according to the state Department of Labor. Increase in employment of attorneys, paralegals and secretaries between 1996 and 1998; Role of firms' soaring profit margins; Temporary staffing.

Presents a news from the city of New York. Six zoning reform proposals; Proposal by the Water Board to give customers 18 months to challenge overcharges.

Reports on law firm Milbank Tweed Hadley & McCoy's restructuring of its bankruptcy practice in New York City. Effects of the conviction of a partner and the defection of several to the department; Milbank's need for partners; Overall billings of the firm.

Reports on Anchor Construction Inc. Chief Executive Officer Barbara Kavovit's success in New York City's construction industry. Kavovit's start in the industry; Major projects of the company; Challenges faced by Kavovit in the industry; Key factors contributing to Kavovit's success.

Describes prospects for niche manufacturing companies in New York City. Job-related problems for manufacturers; Efforts to attract companies in Long Island City; Decrease in supply of industrial space; Experience of Todisco Jewelry Co. as example.

Highlights the diverse job growth in Manhattan compared to other boroughs of New York City. Employment in service industries in other boroughs; Problems for city planning; Preference for spending on transportation and infrastructures.

Profiles John Devine, managing director of the New York City office of Investigative Group International Inc. Devine as a former Central Intelligence Agency agent; Devine's expertise in resolving high-profile defections.

Reports on the law firm merger scenario in New York City. Global competition fueling merger speculations; Work and pay issues squelching some deals; Merger transactions that were pulled.