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Andrew Cuomo

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  • Rent control and the tax break have huge impacts on the New York City housing market, and they're touchy for lawmakers in any year because the real estate industry is one of the biggest political donors in Albany. On the other side, tenant advocates and liberal groups have organized big rallies in New York and Albany to denounce the tax break and urge lawmakers to...

  • NYC mayor picks Karen Hinton as his new press secretary Thursday, 21 May 2015 | 2:42 PM ET

    NEW YORK— After a three-month search, Mayor Bill de Blasio has hired a new press secretary— and she has ties to his frequent political rival, Gov. Hinton, 56, worked with de Blasio at the U.S. Department of Housing and Urban Development during President Bill Clinton's administration, serving as senior adviser to the HUD secretary, Cuomo. Hinton— who later founded her...

  • New York's top financial regulator to step down Wednesday, 20 May 2015 | 2:12 PM ET

    ALBANY, N.Y.— Benjamin Lawsky, New York state's top financial regulator who collected billions of dollars in penalties and fees from Wall Street giants, announced Wednesday that he will step down. Lawsky, who was appointed the first superintendent of the Department of Financial Services in 2011, plans to open a New York- based legal and consulting business and be...

  • NEW YORK, May 20- Benjamin Lawsky is stepping down as New York state's top financial regulator in June, after four years of running the newly created agency and bringing cases against a variety of defendants on Wall Street. A former chief of staff for New York Governor Andrew Cuomo, Lawsky was nominated to be head of the NYSDFS by Cuomo in 2011. He grabbed headlines...

  • NY cuts red tape in pesticide regulations for farmers Wednesday, 20 May 2015 | 12:47 PM ET

    ALBANY, N.Y.— The Cuomo administration is cutting some red tape to make it easier for farmers to comply with pesticide regulations. The changes came out of a new Task Force on Lessening Obstacles to Agriculture, which is made up of state agency officials and representatives from the agriculture industry. Jeff Williams of the New York Farm Bureau said the new task...

  • ALBANY, N.Y.— Fast-food workers raised their voices across New York on Wednesday to demand a $15- an-hour minimum wage, calling on Gov. On Tuesday the Los Angeles City Council endorsed a plan to raise the city's minimum wage to $15 an hour. Seattle and San Francisco have approved a series of increases to take their minimum wages to $15 within a few years.

  • ALBANY, N.Y.— New York's top bank regulator on Tuesday proposed amending state law to shorten the foreclosure process for homes with delinquent mortgages. Department of Financial Services Superintendent Ben Lawsky, addressing mortgage bankers, said New York's process averages 900 days from the date of filing to the sale of the property.

  • Proposal seeks to dim NYC skyline at night to save energy Saturday, 16 May 2015 | 11:33 AM ET

    Not so much, if a New York City council member gets his way. Seventy-one percent of New Yorkers like the idea, according to a Quinnipiac University poll released Thursday of 969 registered city voters. For Joyetta McCullen, who lives in Brooklyn, the lights are part of what makes her city special, even though she has often wondered why buildings keep all their lights...

  • ALBANY, N.Y.— A state board established to examine raising the minimum wage for workers in fast-food restaurants plans hearings across the state in June. Buffalo Mayor Byron Brown, who chairs the board, has tentatively set public hearings June 5 in Buffalo and in the following three weeks in New York City, Long Island and Albany. The state's current minimum of $8.75...

  • New York releases final environmental review of fracking Wednesday, 13 May 2015 | 4:27 PM ET

    ALBANY, N.Y.— New York regulators have released the final version of an environmental impact review of natural gas development that's expected to lead to the nation's first ban on a drilling process called fracking by a state with significant shale gas deposits. Andrew Cuomo said in December that he would defer to the judgment of his health and environmental...

  • May 6- New York Governor Andrew Cuomo said on Wednesday he would create a so-called Wage Board, a move apparently designed to allow him to raise the minimum wage without the approval of state lawmakers. Cuomo in his January budget recommended raising the minimum wage to $11.50 an hour in New York City and $10.50 elsewhere in the state, only to see that proposal...

  • HAVANA, April 21- A U.S. cancer research center and a software company reached agreements with Cuban partners during a two-day trade mission to Cuba led by New York Governor Andrew Cuomo in the first trip of its kind since the rapprochement between the longtime adversaries. The Roswell Park Cancer Institute of Buffalo, New York, on Tuesday signed an agreement...

  • HAVANA, April 21- A U.S. cancer research center and a software company reached agreements with Cuban partners during a two-day trade mission to Cuba led by New York Governor Andrew Cuomo in the first trip of its kind since the rapprochement between the longtime adversaries. The Roswell Park Cancer Center of Buffalo, New York, on Tuesday signed an agreement with...

  • HAVANA, April 20- New York Governor Andrew Cuomo met senior Cuban officials in Havana on Monday as the head of a high-powered business delegation looking to take advantage of President Barack Obama's easing of restrictions with the Communist-led island. Cuomo, a Democrat, is the first governor to visit Cuba since a December announcement by Obama and Cuban...

  • NEW YORK, April 16- A New York state appeals court rejected former American International Group Inc Chairman Maurice "Hank" Greenberg's bid to dismiss a lawsuit accusing him of orchestrating an accounting fraud at the insurer he ran for nearly four decades. Greenberg and co-defendant Howard Smith, a former AIG chief financial officer, are accused of having...

  • NEW YORK, April 15- Ernst& Young LLP is near settling a high-profile lawsuit filed by New York state that accused the accounting firm of helping Lehman Brothers Holdings Inc deceive investors in the years leading up to its 2008 collapse, people familiar with the matter told Reuters. A spokeswoman for Ernst& Young declined to comment, as did a spokesman for New York...

  • NEW YORK, Feb 27- Robert Benmosche, who headed insurer American International Group after a massive government bailout at the height of the financial crisis, died on Friday at 70, the company said in a statement. Benmosche, who was president and chief executive officer of AIG between August 2009 and September 2014, died at NYU Langone Medical Center in New York...

  • NEW YORK, Feb 13- A nonprofit trade group that paid just $10 for the exclusive right to use the World Trade Center name will turn over some of its future revenue to end a New York State probe into how the name was sold so cheaply. Under a settlement announced on Friday, the nonprofit agreed to repay $184,000 of membership fees paid by the Port Authority from 1991 to...

  • NEW YORK, Feb 13- A nonprofit group that paid just $10 for the exclusive right to use the World Trade Center name will turn over some of its future revenue to end a New York State probe into how the name was sold so cheaply. Under a settlement announced on Friday, the nonprofit agreed to repay $184,000 of membership fees paid by the Port Authority from 1991 to 2011. It...

  • NEW YORK, Feb 5- Wells Fargo& Co has agreed to pay $4 million for violations on credit card accounts at a former affiliate, New York Governor Andrew Cuomo said. Wells Fargo will pay a $2 million penalty and $2 million in restitution to consumers after the affiliate illegally took interests in borrowers' homes, in exchange for extending credit for routine credit card...