Business News
by Jonathan Kandell
David Rockefeller, the banker and philanthropist with the fabled family name who controlled Chase Manhattan bank for more than a decade and wielded vast influence around the world for even longer as he spread the gospel of American capitalism, died on Monday morning at his home in Pocantico Hills, N.Y. He was 101. A family spokesman, Fraser P. Seitel, confirmed the death. Chase Manhattan had long been known as the Rockefeller bank, although the family never owned more than 5 percent of its shares. But Mr. Rockefeller was more than a steward. As chairman and chief executive throughout the 1970s, he made it “David’s bank,” as many called it, expanding its operations internationally. Read More. |
By Nick Corasaniti
HALCOTT, N.Y. — It’s about 15 miles from here to a dairy testing facility in Roxbury, or about one hour and 20 minutes round trip if you know these dusty mountain back roads like Chris DiBenedetto, a dairy farmer. He has been going back and forth for years, ferrying a sample of fresh milk for a federally mandated drug test before he can start processing each batch. But what stressed him the most were the valuable daylight farming hours lost to the journey, while he was stuck in his car or waiting for the results. Now, Mr. DiBenedetto gives a sample to a driver heading that way to do the drop-off, letting the new fiber wiring hanging over his old route do the simple document delivery for him via email. Read More. |
by Leanna Garfield
When an apartment or penthouse isn't big enough for wealthy New Yorkers, they get creative. In recent years, several have combined multiple townhouses or building floors to create supersized homes — or Frankenmansions, as New York magazine's S. Jhoanna Robledo calls them. To construct these Frankenmansions, some prospective buyers purchase multiple buildings at once, while others approach their neighbors to offer multimillion-dollar buyouts. (In either scenario, they need the city's approval before combining properties.) Read More. |
by Winnie Hu
Benches, crosswalks and shade trees have transformed a once-barren stretch of Manhattan near the Holland Tunnel into a welcoming neighborhood known as Hudson Square. In Harlem, a free mobile app has served as a 24/7 virtual concierge connecting residents and visitors to shopping, real estate and landmarks. And rat-prevention efforts in Brooklyn Heights have kept trash and unwanted four-legged guests from lingering. Read More. |