Word: saling
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...Little Red Book. The 2009 edition of the Michelin Guide to New York City's restaurants and hotels hit bookstores Oct. 7 (updated Michelin guides to San Francisco, Los Angeles and Las Vegas also go on sale this month). What's new: Four restaurants in New York have earned the coveted Michelin three-star rating - Masa, Jean Georges, Le Bernadin and Per Se. If they're a bit too rich for your pocketbook, don't fret: a quarter of the restaurant listings in the new guide fall in the affordable range. At 58 restaurants, you can get two courses...
...result, some $15 billion worth of projects have been temporarily shelved in the past three weeks, according to the consultancy Municipal Market Advisors. Broward County, Fla., pushed back plans to borrow $170 million for new sewer and water lines. Maine held off on a $50 million bond sale meant to finance 10 highway construction projects. The airport authority in Washington, D.C., delayed a $175 million issue intended to finance the expansion of terminals...
...needs a boost. Its stock price tanked in September, along with the economy. We won't know whether the Storm will shore up the company's earnings until the device goes on sale. One mystery remains: the device's price, which is about the only detail that RIM and Verizon have yet to reveal. Let the rumors swirl...
Responding to turmoil in the global financial sector, Asian art collectors also proceeded with caution this week, sending the hot market for contemporary Chinese art towards an apparent cool down. At a Sotheby's sale of 20th century Chinese artwork on Oct. 5, two-thirds of the 110 lots failed to sell, and many of the pieces that did find buyers went for below their estimated prices. By the close of the biannual sales of the world's largest publicly traded art auction house, Sotheby's took in about half what it had expected, at just over $140.7 million...
...Indonesia. But Zhao Wuji's "7 Aout 2000" sold for $543,156 - over $44,000 short of Sotheby's low-end estimate of $587,500 - and several pieces, including paintings by star contemporary Chinese artists Zhang Xiaogang and Yue Minjun, went unsold at the modern and contemporary Asian art sale on Oct. 4. Many say the unimpressive results were a combination of already overinflated price estimates and the dismal economy. "Particularly with the fund managers, if they are concerned with things happening in the world, they may be inclined to hold on to their funds," says Mark Joyce, owner...