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Press Releases

Advocates hold NYC protest over price of pneumonia vaccine

About 70 people walked silently and in single file to Pfizer's headquarters, where they placed 2,500 flowers in a crib as though laying tribute on a coffin. The crib was inscribed with the names of more than 370,000 people from 170 countries who had signed a petition for Pfizer Inc. and GlaxoSmithKline PLC, the two companies with pneumonia vaccine patents, to...

Source: The Associated Press

UPDATE 2-NYC mayor presents $82.2 bln budget, overhauls hospitals

NEW YORK, April 26- New York City's Mayor Bill de Blasio announced a $82.2 billion budget plan for the 2017 fiscal year on Tuesday, and promised an overhaul of the city's ailing public hospitals that treat large numbers of undocumented patients. De Blasio, who hails from progressive circles of the Democratic Party, took office in 2014 after winning a landslide...

Source: Reuters

NYC recession generation may never catch up in workplace -report

NEW YORK, April 25- Young people who joined the New York City workforce during and after the 2007-2009 recession earn less than earlier generations, a disadvantage that could last their entire working lives, a report by city officials said. "Every generation is expected to do better than the last, but too many millennials are not getting a fair chance to make it in...

Source: Reuters

NYC mayor announces steps to cut greenhouse gas emissions

NEW YORK— The city will require private building owners to update heating and power systems to help meet a goal of cutting greenhouse gas emissions 80 percent by 2050, Mayor Bill de Blasio said Friday. De Blasio, a Democrat, announced the plan as he attended Friday's signing ceremony for the Paris Agreement on climate change at the United Nations, timed for Earth...

Source: The Associated Press

Amazon wins $30M contract to sell e-books to NYC schools

NEW YORK— Inc. has won a $30 million contract to sell digital textbooks to New York City's public schools. The Wall Street Journal reports that the Panel for Educational Policy approved the three-year contract on Wednesday for the Department of Education. Information from: The Wall Street Journal,

Source: The Associated Press

NYC to translate for disabled riders with limited English

Josefa Jorge, an emigrant from the Dominican Republic, said in a statement provided by her attorneys with the New York Lawyers for the Public Interest that she felt humiliated when transit employees told her she was supposed to speak English in America. The deal approved Friday by Judge Ronnie Abrams in Manhattan federal court requires the New York Transit...

Source: The Associated Press

UPDATE 2-'Let them sell their summer homes': NYC pension dumps hedge funds

NEW YORK, April 14- New York City's largest public pension fund voted on Thursday to unwind all of its hedge fund investments in a sign of the growing dissatisfaction with the asset class in the $4 trillion public pension fund sector. "Hedges have underperformed, costing us millions," New York City's Public Advocate Letitia James told board members in prepared...

Source: Reuters

Piazza jersey controversy

In the first major sporting event in NYC after the September 11th attacks, Mike Piazza made a winning home run. New York Mets catcher Mike Piazza's jersey is now part of a big controversy, with Ken Goldin, founder of Goldin Auctions, and CNBC's Robert Frank.


NYC is giving these entrepreneurs a break

NYC Deputy Mayor Alicia Glen says the city is leveling the playing field for these local start-ups.


How one wacky NYC donut went viral

Even before its official launch, one dessert is already going viral. Here's what helped along the way.