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Yalie charged with defrauding CrossFit investors

Authorities arrested Joshua Newman and charged him with defrauding investors out of at least $2 million over a three-year period, NYT reports.
Source: The New York Times | By: Matthew Goldstein
NYC mayor picks Karen Hinton as his new press secretary

NEW YORK- After a three-month search, Mayor Bill de Blasio has hired a new press secretary- and she has ties to his frequent political rival, Gov. Hinton, 56, worked with de Blasio at the U.S. Department of Housing and Urban Development during President Bill Clinton's administration, serving as senior adviser to the HUD secretary, Cuomo. Hinton- who later founded her...
Source: The Associated Press | By: By JONATHAN LEMIRE, Associated Press
Need it asap? Amazon adds one-hour delivery in NYC

Amazon will begin offering one-hour delivery from local stores in New York City as competition in the delivery arena increases.
Source: The Associated Press
How an NYC bootmaker used big data to boost sales

A New York City cowboy boot business may be selling classic styles, but it's improving its sales by using technology and analytics on an iPad app.
Source: CNBC.com | By: Althea Chang
Low US rail spending sparks safety concerns

By a global standard, the United States has not been paying much for its rail networks. Based on the size of its economy, it lags far behind many of the world's most developed countries. The New York Times reports.
Source: The New York Times | By: Nicola Clark
CNBC update: China building collapses  

A 9-story residential building in China collapsed, following a landslide Wednesday, and industrialist David Koch and financier Henry Kravis have made $250 million in donations for hospitals and medical research in NYC, reports CNBC's Sue Herera.
Source: CNBC.com
ANALYSIS-Techies lift aged Midtown South to NYC real estate heights

Half a millennium later, that sum wouldn't buy a square foot of office space in New York City's trendiest real estate market, the area below 34th Street known as Midtown South. Fueled by an influx of workers from the Internet economy and a record 17 consecutive quarters of rising prices, the average cost per square foot of office space in Midtown South hit an...
Source: Reuters | By: Herbert Lash
Atop One World Trade Center, high-tech views of bustling NYC

NEW YORK- From the top of One World Trade Center, the nation's tallest building, it really does seem as if you can "see forever." Those two words are the motto of the center's new observatory that opens May 29, offering spectacular, wraparound views stretching 50 miles past the Manhattan skyline and Statue of Liberty to the Atlantic Ocean. "This is a reminder of moving...
Source: The Associated Press | By: By VERENA DOBNIK, Associated Press
NYSE launches bitcoin index  

CNBC's Bob Pisani reports on the first exchange-calculated index which has a dollar value of one bitcoin unit.
Source: CNBC.com
CBS morning show to broadcast from top of NYC skyscraper

"I went up there last week for a set visit and it's just spectacular," said Chris Licht, executive producer of the CBS show, on Tuesday. CBS ran some fiber optic line to ensure it can transmit a live broadcast signal from the space and will import a replica of the desk that the morning hosts sit at in their 57th Street studio, Licht said. CBS is still in third, but its...
Source: The Associated Press | By: By DAVID BAUDER, AP Television Writer