The Round-Up: Thursday

Merrill Lynch posted a $9.8 billion loss in the fourth quarter of 2007, and took a write down of $14.6 billion worth of investments. [NY Times]

After nearly two years of tinkering, the clock on top of the Williamsburg Savings Bank is in working order. [NY Times]

The Junior League's budget deficit is uncovered amid a row over renovations for their Upper East Side headquarters. [NY Times]

Bike parking lot with attendant is planned for midtown. [NY Times]

Developers are carving out one of New York's last residential frontiers west of the Time Warner Center. [NY Post]

Oprah's best friend buys a Manhattan condo, real estate mogul closes on the former Dakota apartment of Leonard Bernstein. [NY Post]

Mayor Bloomberg is expected to announce today that the city will maintain a seven percent property tax cut, despite projected budget gap. [NY Post]

Harlem's Apollo Theater began a $47 million public fundraising campaign to renovate. [NY Post]

Forest City Ratner shut off the water in Prospect Heights Wednesday morning to replace water main for Atlantic Yards. [NYDN]

Upper Manhattan building owners would have to pay an extra $100 million in taxes under the proposed anti-warehousing legislation. [NYDN]

Bovis' violation at Trump Soho mirrors that of fatal fire at the Deutsche Bank building. [NY Sun]

Pedicab industry wins a victory in New York Supreme Court. [NY Sun]

Atlantic Yards opponents' appeal over the state's use of eminent domain was dismissed yesterday. [NY Sun]

Governor Spitzer pledged to raise $1 billion worth of investment for upstate New York yesterday in his first state-of-the-upstate address. [NY Sun]

Family firm sells off nine Manhattan buildings. [NY Sun]

Manhattan co-ops could get a boost from a provision of President Bush's mortgage forgiveness act. [NY Sun]