Some Schools to Close for 2 Days and Reopen for Last Day of Class

Posted on May 19, 2012
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Unused snow days will give many students days off at the end of the school year, but they will have to return midweek for the originally scheduled last day of class.

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Facebook opens at $42

Posted on May 18, 2012
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Diane Alter – Fourth Estate Cooperative Reporter
New York, N.Y., United States (4E) – Following months of speculation, hype and frenzy, Facebook finally began trading as a public company Friday. Shares were priced Thursday night at $38 a share, valuing the company at $104 billion, raising $16 billion, and making it the largest tech IPO in history. It also made 28-year-old founder and CEO Mark Zuckerburg a multi-billionaire 30 times over. Shares opened just after noon at $42. Many industry analysts had hoped for or expected a much bigger pop. The subdued debut caused U.S. markets, which had been waiting for Facebook shares to commence trading, to give back modest early gains. While “big money” [...] Continue Reading…

City Room: East Village Center Gets 15,000 Buzzing Tenants

Posted on May 18, 2012
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A colony of bees evicted from Central Park has found a welcoming home in the East Village. Read more on The Local blog.

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Living In | Downtown Brooklyn: Downtown Brooklyn/Living In – To the Heights and the Slope, Add ‘Downtown’

Posted on May 17, 2012
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To hear its landlords, city officials and residents tell it, Downtown Brooklyn has become extremely familiar with wholesale reinvention schemes.

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Cinderella movie ‘Ever After’ off to Broadway in 2013

Posted on May 17, 2012
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Paula David – Fourth Estate Cooperative Reporter
New York, NY, United States (4E) – Cinderella-inspired film Ever After will be adapted into a Broadway musical announced Tuesday to be staged during its 2013-2014 season. The new musical will be directed and choreographed by Tony award winner Kathleen Marshall. Casting, theater, exact dates and other pre-Broadway engagements are yet to be announced. Based on the 1998 film which starred Drew Barrymore and Anjelica Huston, Ever After “tells the story of Danielle de Barbarac, the daughter of a Nobleman in 16th century France, who embarks on a series of adventures including standing up to her scheming stepmother, befriending Leonardo Da Vinci and winning the love of the crown prince of [...] Continue Reading…

Commissioner Announces Steps on Improper Stop-and-Frisk, but Critics Are Unmoved

Posted on May 17, 2012
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Police Commissioner Raymond W. Kelly unveiled new measures to reduce the frequency of illegitimate stops, a day after a federal judge faulted their broad use.

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Skechers to pay $40 million to settle false ad claims

Posted on May 16, 2012
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Diane Alter – Fourth Estate Cooperative Reporter
New York, NY, United States (4E) – Skechers claims that its fitness shoes can help wearers lose pounds, tone muscles and strengthen legs, the stomach and the derriere, is costing the company millions. Actually, the false claims are costing the footwear company some $40 million. On Wednesday, the Federal Trade Commission announced Sketchers will pay that amount to settle charges by the FTC that Skechers made unfounded claims regarding its Shape-up shoes. The settlement involves the company’s Resistance Runner, Toners and Tone-up shoes. The FTC says Skechers falsely represented that clinical studies backed up the company’s claims about its popular toning shoes. Consumers who purchased the shoes will [...] Continue Reading…

City Room: Class-Action Status Granted in Stop-and-Frisk Suit

Posted on May 16, 2012
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A judge criticized the Police Department’s arguments and provided possible legal recourse for a number of plaintiffs.

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Strauss-Kahn seeks $1 million in damages from NY maid

Posted on May 15, 2012
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Fourth Estate Cooperative Staff
Paris, France (4E) – Dominique Strauss-Kahn, former chief of International Monetary Fund and ex-French Socialist party presidential hopeful, on Tuesday filed a USD 1 million suit against New York hotel maid at Bronx Supreme Court. The maid, Nafissatou Diallo, had accused Strauss-Kahn of sexually abusing her during his stay at the New York hotel last year – an allegation that ruined his entire political career. In the suit he lodged on Monday, Strauss-Kahn said that Diallo had knowingly and intentionally made a false allegation, which damaged his reputation and other professional opportunities. The explosive sexual assault scandal apparently rocked Strauss-Kahn’s political ambitions as he was seen as France’s Socialist Party’s champion and a [...] Continue Reading…

City Room: A Glimpse of Obama’s Day in New York

Posted on May 15, 2012
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A Times photographer provides a behind-the-scenes peek at President Obama’s day in New York.

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