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Barneys Looks Into Bankruptcy Amid Rent Increase

PYMNTS

With a liquidity crunch brought on by a rise in rent at its flagship in New York City, Barneys New York is reportedly preparing for a bankruptcy filing. According to previous reports from the outlet, that nearly wiped out earnings prior to tax, interest, amortization and depreciation.

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NYC Taxi Commission Accused Of $810 Million Fraud

PYMNTS

New York Attorney General Letitia James announced plans to sue New York City for allegedly fraudulent practices by its Taxi and Limousine Commission (TLC), according to reports on Thursday (Feb.

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Soupman Files For Bankruptcy Protection

PYMNTS

New York City soup producer and marketer Soupman – home of Seinfeld’s “Soup Nazi” character – has filed for bankruptcy protection following charges against former CFO Robert Bertrand last month. million, and total alleged tax loss to the U.S. million, and total alleged tax loss to the U.S. was about $594,000.

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NY Creates Cryptocurrency Task Force

PYMNTS

Cryptocurrencies , like bitcoin, Ethereum, Litecoin and Ripple , are digital assets designed to work as a medium of exchange that uses strong cryptography to secure transactions,” he said. Julie Samuels, the executive director of Tech:NYC, a nonprofit organization representing New York City tech companies, said the study is an important one.

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CRE risk management: Navigating hazards and opportunities

Abrigo

Banks and thrifts hold half of all outstanding CRE debt through the second quarter, with insurance companies accounting for 12% and commercial mortgage-backed securities holding 14%, according to Trepp. Larger cities seem to be stuck in this new world, while smaller cities seem to be recovering,” Kirby said.

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Amazon Workers In NYC Warehouses Want To Unionize

PYMNTS

The news is another complication for Amazon in a city where it plans to build a brand-new campus. billion and recruit 25,000 people in the city in the next 15 years. One point of contention is the fact that some New York City politicians were shut out of negotiations with Amazon held by the governor and mayor.

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Mobile Order-Ahead Delivered The Goods In 2019

PYMNTS

As city councils all over the nation get a hankering for MOA tax revenue, the category just keeps growing and evolving. Uber Co-Founder Travis Kalanick has even secured $400 million to develop his new CloudKitchens concept, which rents fully equipped cooking spaces to delivery-only restaurants in major metros.

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