Business

City Hall chambers were overflowing Wednesday afternoon as City Council members voted overwhelmingly to pass a package of five bills to regulate Uber and other ride-hailing companies, making New Yo … Full Article

Brooklyn's only Papaya King closes

The last Papaya King restaurant in Brooklyn, on Flatbush Avenue Extension, has now closed. … Full Article

In booming Brooklyn, who’s getting left behind?

Brooklyn has the fastest income growth of any borough in the city — and the second-lowest household income. Its unemployment rate is the lowest in decades, but one in five of its households still lives below the poverty line. … Full Article

Feel the power: Brooklynites gather for a Tesla test drive

Behind the wheel of Tesla Model S, Abbie Cheng, a real-estate broker from Brooklyn’s Borough Park, was given permission to gun it. … Full Article

Industry City inks new leases for city records dept., coffee shop

The city’s Department of Records and Information has expanded its space within Sunset Park’s Industry City development with a new 20-year lease. … Full Article

TOMS to open first Brooklyn store in Williamsburg

TOMS announced it will open its first permanent store in Williamsburg. The store is famous for its charity program, which donates a pair of shoes to children in need for every pair it sells. … Full Article

Kmart opens inside Sears in effort to save parent company

The struggling appliances store Sears is trying out some new tactics. They are placing a Kmart, owned by the same parent company Sears Holding, inside a larger Sears store in Flatbush. … Full Article

When life gives you toxic sludge, celebrate it with souvenirs

Ute Zimmermann came to the Gowanus neighborhood in 2011 for a lovely loft apartment, but she stayed for the toxic sludge. … Full Article

New Target stores planned for Kings Highway worry small businesses

Target announced on Wednesday that it plans on opening a small-format urban store in 2020 at the corner of Kings Highway and Foster Avenue in East Flatbush,  … Full Article

TerraCRG’s Ofer Cohen appointed chairman of Downtown Brooklyn Partnership

The board of directors for the Downtown Brooklyn Partnership unanimously elected Ofer Cohen, founder and CEO of Brooklyn-based commercial brokerage firm TerraCRG, as their new chairman. … Full Article

Starbucks raising price of a brewed coffee in most US stores

That Starbucks habit just got a little more expensive. Starbucks says it’s raising the price of a regular drip coffee by 10 cents to 20 cents this week in most U.S. stores. It says a small brewed coffee is now $1.95 to $2.15 in a majority of locations. … Full Article

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