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Business and Money Archive

June 11, 2007
A Private School

Horace Mann, one of New York’s top private schools, educates 1,605 K–12 students, a fifth of whom receive some financial aid.

June 11, 2007
A Department Store

Macy’s Herald Square flagship, owned by Federated, profits from the sheer volume of 9,000 pedestrians who walk through Herald Square during a peak hour, a third of whom enter Macy’s.

June 11, 2007
A Drug Company

Pfizer is dependent on hits, but it’ll soon lose patents on smashes like Lipitor; the firm’s been shedding workers lately.

June 11, 2007
A Financial Firm

As the most consistently profitable firm on Wall Street, Goldman is the Street’s most powerful talent magnet, ensuring continued success.

June 11, 2007
A Midtown Building

In January, Kushner Companies paid $1.8 billion for 666 Fifth Avenue, a Manhattan real-estate record.

June 11, 2007
A Baseball Team

Yankees management plays two games. The first is the day-to-day running of the team. The other half comes from $140 million in ad deals and media rights.

June 11, 2007
A Museum

MoMA’s annual financial goal is to balance the budget—while collecting worthy art, preserving it, and displaying it to over two million annual visitors.

June 11, 2007
A Clothing Store

Swedish superpower Hennes & Mauritz (1,400 stores worldwide) is a cash cow because goods go from design desk to store in as little as two weeks.

June 11, 2007
A Publishing Company

Printing and publishing has been a big industry in the city since the early 1800s, when New York publishers were the first American printers with access to pirated English best sellers.

June 11, 2007
City Government

The city’s $60 billion budget is about $7,500 worth of spending per capita, which is more than 25 percent of the income of the average city resident.

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