Business

An iconic Southwest Brooklyn restaurant that has been a popular dining spot for 40 years is preparing to serve its last meal. … Full Article

Bay Ridge Merchants look to hold six Summer Stroll dates

The Fifth Annual Summer Stroll on 3rd will be spread across six nights, not four nights as in years past, if the event’s sponsor can successfully convince the Department of Transportation (DOT) to expand the popular street fair. … Full Article

Third Avenue to host Senior Sidewalk Social

Bay Ridge’s Third Avenue is fast becoming the king of New York City street fairs. … Full Article

Apple began iPhone encryption fight last fall, in Brooklyn

By prosecutors' count, Apple helped federal law enforcement agents extract information from iPhones in criminal investigations at least 70 times in seven years before suddenly expressing a change of heart last fall in an otherwise ordinary drug case out of Brooklyn. … Full Article

Barclays’ new bar ‘Taste NY’ to feature local products

Empire State Development, the NYS Department of Agriculture and Markets and Barclays Center announced on Thursday that a new bar at Barclays Center will feature local New York state products during events.  … 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

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