Paul Bennett, Crain's New York Business

Paul Bennett

Crain's New York Business

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  • Crain's New York Business

Past articles by Paul:

Wage hike for city employees

Mayor Bill de Blasio will announce today a plan to raise the minimum wage for city employees to $15 an hour by the end of 2018. Democratic presidential candidate Sen. Bernie Sanders vowed to break up large banks if elected. Gov. Andrew Cuomo will → Read More

Marijuana black market

The black market for marijuana is likely to keep thriving in New York City, despite the fact that medical marijuana will soon be legally available. The de Blasio administration is changing its approach to the city's growing homeless problem in New → Read More

Criticized housing program gets $200M

So-called cluster housing for the homeless is about to get another $200 million from the de Blasio administration. U.S. Attorney Preet Bharara said the trials of Sheldon Silver and Dean Skelos demonstrated how easy it is for Albany lawmakers to bend → Read More

Nail-salon regulation upheld

A New York State Supreme Court judge dismissed a lawsuit challenging a state regulation designed to protect nail-salon workers. Muslims in Queens are upset about Donald Trump's call to ban fellow believers from entering the country. Assemblyman J. → Read More

Crain's Best Places to Work

Button, a business-to-business firm that connects mobile apps to one another, tops Crain's Best Places to Work 2015 list. New York companies offer paid parental leave at a higher rate than the national average. The New York Times is shifting away → Read More

Sheldon Silver convicted

Former New York Assembly Speaker Sheldon Silver was convicted of charges that he traded favors to earn $5 million and then lied about it. Morgan Stanley announced that it will cut hundreds of jobs in its debt and currencies division. Some retailers → Read More

ISIS Times Square video

Mayor Bill de Blasio said New York City will not be intimidated by an Islamic State video showing images of Times Square. Prosecutors yesterday rested their case in the corruption trial of former state Assembly Speaker Sheldon Silver. Barclays will → Read More

Banks face mortgage-securities probe

Federal prosecutors are scrutinizing mortgage-security deals at the Royal Bank of Scotland and JPMorgan Chase. A citywide poll found that 59% of white New York residents disapprove of Mayor Bill de Blasio's performance. U.S. The de Blasio → Read More

Ruling against fantasy sports sites

A New York Supreme Court judge on Monday denied a request by DraftKings and FanDuel to keep their sites open in New York. Either Sen. Dean Skelos or his son sought a plea deal in their corruption case, but the talks didn't lead anywhere. → Read More

Cuomo raises minimum wage

Gov. Andrew Cuomo will use executive authority to impose a $15 minimum wage for all state workers. State Attorney General Eric Schneiderman ordered to DraftKings and FanDuel to stop accepting bets from New York residents. The office of Manhattan U.S. → Read More

Construction-work danger

Amid a booming housing market in New York City, construction work has become more dangerous than ever. Wall Street is likely to see smaller bonuses for the first time in four years. The Department of Financial Services announced Sunday that it plans → Read More

Mayor slams subway extension delay

Mayor Bill de Blasio called on the Metropolitan Transportation Authority to reconsider its decision to delay construction of the East Harlem leg of the Second Avenue subway. Airbnb said it would like to meet with the City Council to discuss a → Read More

Time Inc.'s transformation

Time Inc. Chief Executive Joe Ripp wants to transform the magazine publisher into a 21st-century media company. Jury selection for the corruption trial of former Assembly Speaker Sheldon Silver proceeds today. North Shore-LIJ Health System is → Read More

Cop shooter indicted

Tyrone Howard, accused of shooting NYPD officer Randolph Holder, was indicted. New York attorney general Eric Schneiderman wants banks to give low-income customers better access to services. The de Blasio administration plans to appeal a Manhattan → Read More

Uncertain future for NYC diners

Rising costs, changing tastes and a reluctant next generation of owners spell trouble for New York City diners. The ownership structure of Parkchester means it won't face a buyout like that of its sister development, Stuyvesant Town. Lord & → Read More

JPMorgan shrinks

JPMorgan Chase is downsizing in order to simplify its operations to better deal with increased financial regulation. Mayor Bill de Blasio wants to reform the city's bail system. Workers at B&H's warehouses in Bushwick and the Brooklyn Navy Yard → Read More

Crain's Fast 50

Crain's names the 50 fastest-growing companies in 2015. Now that Gov. Andrew Cuomo and Mayor Bill de Blasio have agreed to keep the MTA's funding plan on track, the state must figure out how to pay for its share of the financing. The printed version → Read More

Hurricane Sandy repairs

New York City first lady Chirlane McCray will announce today that more than 500 homes severely damaged by Hurricane Sandy have been repaired. Mayor Bill de Blasio met with Hillary Clinton's rival Democratic presidential candidate Bernie Sanders. A → Read More

Tenant-rights lawyer

Attorney David Rozenholc's $25 million settlement with Tishman Speyer shows how lawyers can use the court system to win payouts for tenants who block development. Activist investor Nelson Peltz's Trian Fund Management has acquired $2.5 billion in → Read More

Ralph Lauren stepping down

Ralph Lauren announced he will no longer serve as chief executive of the company he founded nearly 50 years ago. Bank of America on Tuesday began laying off about 200 employees in the trading and investment-banking units. New York City will → Read More