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BUSINESS
September 15, 1988 | Associated Press
Chase Manhattan Corp., one of the nation's largest bank holding companies, may move nearly a third of its 16,000 employees from its New York headquarters to New Jersey, according to a published report. The Wall Street Journal, quoting unnamed real estate and banking sources, said Chase Chairman Willard C. Butcher favors building a 1.5-million-square-foot facility in Jersey City, N.J., to house operations and technical employees. His recommendations are expected to be made at a Sept.
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BUSINESS
May 10, 1987 | DEBRA WHITEFIELD, Times Staff Writer
When Mobil Corp. last orchestrated an exodus of its employees from New York, the city was teetering on the brink of bankruptcy, and companies were fleeing in droves. Today, New York boasts one of the strongest local economies in the country. Unemployment is at its lowest level in 13 years. State and local taxes are falling. And office vacancy rates have rebounded from 18% a decade ago to 9.4%, one of the nation's lowest, despite the most expensive office rents in the country.
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