Jury awards $47.8 million in NYC crane collapse civil case NEW YORK- A New York City jury on Thursday awarded $47.8 million to the families of two men killed in 2008 when a construction crane collapsed. The jury ordered James Lomma, the owner of the crane, and his companies to pay $32 million to the family of Ramadan Kurtaj and $15.8 million to the family of Donald Leo. In the May 2008 collapse on Manhattan's Upper East Side,...
Source: The Associated Press
CNBC update: Small plane crash kills 2 A small plane crash in Milwaukee kills two and billionaire investor John Paulson donates over 8 million to NYC charter schools, reports CNBC's Sue Herera.
Hedge fund mogul Paulson donates $8.5 mln to NYC charter school The gift to Success Academy marks the 59- year old hedge fund manager's second multi-million dollar pledge to a school in two months, following a record $400 million donation to Harvard University in early June. Some of the money will be used in part to open two new middle schools next month, raising the total of schools run by the network to 34, Success Academy...
| By: Svea Herbst-Bayliss
NYC property market still hot even as private equity exits NEW YORK, July 30- The private equity and other pooled funds that have made century-old buildings some of the hottest properties in Manhattan have been cashing out at double the rate of a few years ago, but strong buying from other investors has assuaged fears that the market is peaking. The arrival of Apple Inc, Facebook Inc and Google Inc over the past decade has...
| By: Herbert Lash