Yahoo Inc. announced on Monday that its New York employees would be moving into the old home of the New York Times on 43rd Street.

The California-based web giant currently employs a New York workforce of 500 people scattered across three different office spaces. As it consolidates and settles into the Grey Lady’s former headquarters, said CEO Marissa Mayer, it will seek to add some 200 more employees.

The move comes on the heels of the announcement that Yahoo, which has been struggling to reverse its flagging fortunes for years, is set to buy blogging platform Tumblr for $1.1 billion. The company also unveiled a reboot of photo hosting site Flickr that offers a free terabyte of space to all users.

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A film installation celebrating the words of Nelson Mandela, the former South African president, is taking over many of the electronic billboards of New York’s Times Square for a few minutes every night for the month of April.

The short film was commissioned by the Tribeca Film Institute, an arts organization co-founded by actor Robert De Niro. It is being played shortly before midnight across many of Times Square’s glowing screens for the rest of the month.

“We’re in the crossroads of the world, it’s all about the glitz and the glamour, and all of a sudden you’re seeing this man to remind us of our humanity,” Ndaba Mandela, a 30-year-old grandson of the anti-apartheid leader, said at a special screening of the film on Friday night.

De Niro also attended the event at a Times Square hotel and posed for pictures with Ndaba and Kweku Mandela, another grandson, but did not make any remarks.

The two grandsons worked with filmmakers Nabil Elderkin, Andrew van der Westhuyzen and Gregory Stern to choose inspiring quotes from Nelson Mandela’s speeches to honor his 95th birthday in July.

Mandela spent 27 years on Robben Island and in other jails as a result of his struggle to end apartheid in South Africa before becoming the country’s first black president in 1994.

His words have been animated to dance across screens that normally advertise clothing, movies and corporations. About a dozen electronic billboards, including one on Thomson Reuters’ Times Square building, are participating, organizers said.

Mandela, who stepped down from office in 1999, has had health problems recently and spent more than a week in the hospital with pneumonia this month.

“He’s doing much better,” Ndaba Mandela, who said he lived with his grandfather in Johannesburg, said in an interview. “I would say he is about 80 percent.”

He added that his grandfather had offered his approval upon learning that his words would be projected in Times Square. “If he doesn’t support something, he’ll let you know,” Mandela said.

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A man called 911 around 3:31 p.m. Thursday afternoon and told the operator that there was a bomb on board an N train approaching Times Square.

The caller said the train would arrive in the station in five minutes.

Police deduced the call was made from a pay phone at West 48th Street and 7th Avenue.

They were able to track down a photo of a suspect, who they describe as a white male between the ages of 20 and 30 with blondish hair, carrying a black backpack.

The NYPD urges anyone with information to call Crime Stoppers at 1-800-577-TIPS (8477). All calls are confidential.

Follow Danielle Tcholakian on Twitter @danielleiat

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A man died this morning after he fell onto the subway tracks at a Times Square station and was electrocuted by the third rail.

The fire department responded to the call about a man on the northbound 2 and 3 train tracks about 6:55 a.m. at the Seventh Avenue and 42nd Street station, The New York Post reports. He was pronounced dead at the scene.

It is not clear how the man fell off the platform.

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Police are searching for a suspect who punched a 35-year-old man inside a Manhattan subway station and then ran off with his iPhone early Monday morning, cops said.

The NYPD released a video of the incident that occurred inside the Times Square-42nd Street subway station about 12:02 a.m. The suspect is seen talking to the victim near the turnstiles, looking around in multiple directions and then punching the victim to the ground.

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  VIDEO: Straphanger punched to the ground for cell phone

The suspect then stole the man’s iPhone and headed toward the northbound 1 train platform, police said.

He is described as a black male, approximately 30 years old and 6 feet 3 inches tall. He was last seen wearing a gray hooded sweatshirt and black or dark gray pants.

Anyone with information is asked to call Crime Stoppers at (800) 577-TIPS.

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Now you have a place to recycle your Metro at the Crossroads of the World.

Mayor Michael Bloomberg announced a slew of new recycling spots today in Times Square.

The pilot program will bring 30 solar-powered recycling stations to Times Square, along Seventh Avenue and Broadway between 42nd and 47th streets.

The receptacles will replace 53 trash bins, according to the mayor’s office.

The heavily trafficked area generates 15,300 pounds – that’s about 900 bags of garbage – each day, Bloomberg said.

“Times Square is a global destination,” said Ron Gonen, the Department of Sanitation’s deputy commissioner for recycling and sustainability. “That means that there is a tremendous amount of paper as well as bottles and cans often left behind.”

The new receptacles will compact items like cans and bottles and paper as well as garbage.

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Cops are trying to identify a man who exposed himself to a woman on the subway on Feb. 27.

The man was riding a Queens bound R train near Times Square shortly after 11 p.m. when he exposed himself to a 26-year-old woman. He was carrying a FedEx envelope that he used to conceal himself. The woman was able to take a picture of the man with her cell phone.

The suspect is described as a black male in his early 40s wearing all black and a black ski hat.

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