Business

Federal and state authorities on Thursday announced a $3.2 billion settlement with Morgan Stanley over bank practices that contributed to the 2008 financial crisis, including misrepresentatio … Full Article

Authorities reach $3.2B settlement with Morgan Stanley

Federal and state authorities on Thursday announced a $3.2 billion settlement with Morgan Stanley over bank practices that contributed to the 2008 financial crisis, including misrepresentations about the value of mortgage-backed securities. … Full Article

De Blasio signs BID budget booster bill

The Bay Ridge Fifth Avenue Business Improvement District (BID) will have nearly $90,000 in additional funding in its annual budget now that Mayor Bill de Blasio has signed a City Council bill into law which calls for a budget increase. … Full Article

Russ & Daughters to anchor ground floor of Brooklyn Navy Yard’s largest building

The Brooklyn Navy Yard announced Monday that New York City food institution Russ & Daughters will anchor the ground floor of Building 77, the Navy Yard’s new public food hall and manufacturing space. … Full Article

City Council votes to boost BID budgets

Nine business improvement districts in New York City, including two in Brooklyn, will see a big boost in their annual operating budgets thanks to the City Council, which has voted to allow the groups to raise more cash to cover expenses. … Full Article

Bensonhurst Waldbaum’s to become Asian market

A shuttered Waldbaum’s supermarket in Bensonhurst will reopen as a food market specializing in Asian goods, according to a consumer news website, which reported that the new owners were the highest bidders at a Jan. 26 bankruptcy auction of the property. … Full Article

Velázquez, SBA Administrator announce loans for Sandy survivors

U.S. Rep. Nydia M. Velázquez (D-North Brooklyn-Northwest Brooklyn-Manhattan) was joined Thursday by U.S. Small Business Administration (SBA) Administrator Maria Contreras-Sweet at two events in Brooklyn and Manhattan. … Full Article

NYC’s first drone retailer opening in Gowanus; prompts forum on ethics of drone use

Breathtaking, never-before-seen aerial views of the city are normally only afforded to passengers on planes or those who are fortunate enough to live in penthouses or work in skyscrapers.   … Full Article

Sweet'N Low to end Brooklyn production after nearly 60 years

For almost 60 years, tiny pink packets of Sweet'N Low have flowed, millions upon millions, from Cumberland Packing Corp., the Brooklyn company where the sugar substitute was first created. … Full Article

Sunset Park BID says new app will help boost business

A forward-thinking business group that provided free WiFi to Sunset Park’s Fifth Avenue is now working on the development of an app that leaders said will help merchants attract customers. … Full Article

Aidala stars in Chamber of Commerce Winter Gala

Arthur Aidala, the honoree and “Man for All Seasons” at the Winter Gala of the Brooklyn Chamber of Commerce, proved beyond a doubt that he is “Brooklyn through and through.” He still lives on the same Bay Ridge block where his father Louis taught him how to ride a bicycle when he was a chil … Full Article

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