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Moody's lowers city’s credit outlook to negative

CrainsNewYork.com (Banking) 3/11 11:04A Amanda Albright, Bloomberg
Moody's Ratings lowered its outlook on New York City to negative, citing "sizable and persistent" expected budget gaps . The ratings company affirmed its Aa2 rating on the city, the third-highest level of investment-grade. Moody's said the change...

Upscale French-Vietnamese restaurant Le Colonial set to return to New York

CrainsNewYork.com (International) 3/11 7:37A Julian Nazar
Le Colonial is coming back to New York City. The upscale French-Vietnamese restaurant closed its Midtown East location in December 2019 after a 26-year run. Now Le Colonial is set to open at 50 W. 57th St. in Midtown in the summer of 2027,...

New York’s Maman bakery set to open 25th city location in Dumbo

CrainsNewYork.com (Nonprofits) 3/11 12:33A Julian Nazar
Maman is coming to Dumbo. The New York City-based bakery plans to open in a 6,600-square-foot space at 66 Water St. during the second quarter, according to a news release. Seafood restaurant Seamore's previously occupied the space. This will be...

Legislature’s budget proposals leave health insurance gaps, watchdogs say

CrainsNewYork.com (Nonprofits) 3/11 12:33A Ethan Geringer-Sameth
The state Senate and Assembly’s responses to the governor’s executive budget do not address the expected loss of health insurance coverage for hundreds of thousands of New Yorkers over the next year, budget watchdogs say. The chamber’s so-called...

Op-ed: You can’t deliver economic justice without employers at the table

CrainsNewYork.com (Labor Unions) 3/10 6:03A Gregory J. Morris, Kathy Wylde
Business leaders and nonprofit service providers have greeted the first weeks of Mayor Zohran Mamdani’s administration with cautious optimism, based on key appointments and a relatively smooth transition in management of essential city services....

Gracie Mansion suspects invoked ISIS, tried to use WMDs, per charges

CrainsNewYork.com (Nonprofits) 3/9 10:29A Jack Grieve
Federal prosecutors on Monday charged two Pennsylvania men with attempting to use a weapon of mass destruction and providing material support to ISIS after they allegedly threw improvised explosives at an anti-Muslim protest near Gracie Mansion....

Gracie Mansion attack being investigated as potentially ISIS inspired

CrainsNewYork.com (Banking) 3/9 5:20A Jack Grieve
Authorities are investigating the explosive device attack at Gracie Mansion on Saturday as a possible act of terrorism motivated by ISIS, New York City Police Commissioner Jessica Tisch said at a press conference Monday. Police found two...
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