Uber not responsible for New York traffic: Study refutes mayor’s accusation

A $2 million study relieves Uber of the blame of adding to New York traffic congestion. The study basically refutes the allegations made by Mayor de Blasio, and throws up several more findings which hints at commercial car industry needing sweeping reforms.

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Free Uber Rides thanks to Amex Centurion Lounge LGA

The US American Express Centurion is already considered as a huge step up from other domestic US lounges as they feature great decors from real hot food, complimentary beer, wine, and cocktails. And now, they decided to pair up with Uber rides with their new free rides promotion.

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Hawaii leads most expensive states in US; New York slips to 3rd position

The latest rankings on most expensive states in the US reveal that New York is no more the most expensive place in America. The Aloha State (Hawaii became Aloha State officially by 1959 Legislative Act) moved up to the top position in the list of most expensive state in the US for first quarter of 2015 from second most expensive state status in 2014.

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Hilton to sell NY's Waldorf Astoria to Chinese firm

Hilton Worldwide Holdings Inc (HLT.N) said it would sell its flagship Waldorf Astoria New York hotel to a Chinese insurance company for $1.95 billion, one of the highest prices per room ever paid for a U.S. hotel.

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New York approves $1.8 billion financing for 3 World Trade Center

A New York state development agency has approved up to $1.78 billion in funding for the completion of the stalled 3 World Trade Center building in lower Manhattan.

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Genco Shipping & Trading files for Chapter 11 bankruptcy protection

Genco Shipping & Trading has filed for Chapter 11 bankruptcy protection on Monday as it planned to restructure the company and emerge immediately from bankruptcy although it did not provide a specific time frame for the move.

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LightSquared confronted by near bankruptcy, adds more loans valued USD74 million

LightSquared Inc. confirmed that it would borrow from its lenders USD74 million as additional funding, reported Bloomberg.

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Matrix Capital's Goel buys Manhattan apartment from Seagram heir in $19M deal

David Goel, the manager of Waltham, Massachusetts-based hedge fund Matrix Capital Management, bought a three-bedroom apartment in Manhattan fro Charles Bronfman, the heir of Canadian beverage firm Seagram Co, in a deal valued $19 million.

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New-York based construction project marketplace Architizer raises $2M in seed funding

New York, US-based online architectural construction project marketplace Architizer raised $2 million in a seed funding round led by Gaspar Global Ventures, Alessandro Piol, and Joanne Wilson, to pursue a $200-billion construction supplies project.

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North American commercial printer Quad/Graphics continues expansion with UniGraphic acquisition

Sussex, Wisconsin-based commercial printing firm Quad/Graphics Inc bought Boston-based family-owned printing business UniGraphic Inc for an undisclosed amount as part of its expansion strategy via acquisitions.

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Executives of New York Bitcoin startup arrested for alleged money laundering

Charlie Shrem and Robert Faiella, both executives of New York-based Bitcoin exchange business BitInstant, were arrested for money laundering in connection to the illegal drug transactions on an online black market, according to the Manhattan US attorney.

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Sales in Manhattan apartments jump, hits year-end record

A report by brokerage Douglas Elliman Real Estate and appraiser Miller Samuel Inc released today indicated an influx of home property sales in the Manhattan, New York area in anticipation of increasing prices and interest rates.

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Empire State Building investors claim losing $410M in IPO, file lawsuit against New York skyscraper's managers

Empire State Building investors on December 24 filed a class-action lawsuit in a Manhattan state court against the New York skyscraper's managers. The said investors claim they were deprived of $410 million in profit in Empire State Building's initial public offering.

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Brooklyn laundry startup FlyCleaners raises $2 million in seed fund

New York-based venture capital firm Zelkova Ventures and several angel investors have committed $2 million in seed funding for North Brooklyn on-demand laundry startup FlyCleaners.

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Australia's Westfield wins rights to lease out lower Manhattan subway stores

The Metropolitan Transit Authority has selected Westfield Group to lease out stores at the Fulton Street Transit Center. This would make the Australian shopping center owner a dominant retail landlord in lower Manhattan.

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