Bank of America's ex-CEO Kenneth Lewis has settled a lawsuit accusing him of deceiving investors about one of his biggest acquisitions: Merrill Lynch.» Read More
*David Loglisci pleaded guilty in 2010. NEW YORK, Oct 9- David Loglisci, former chief investment officer at the New York state pension fund, was sentenced to a conditional discharge Tuesday for allowing a "culture of corruption" at the fund.
ALBANY, N.Y.-- A panel of government, labor and business leaders put together to push infrastructure projects in New York is set to meet in Albany. The New York Works Task Force has a session scheduled for Tuesday afternoon. Andrew Cuomo appointed the 15 members in the spring to oversee ways of speeding up construction projects and rebuilding roads and bridges.
ALBANY, N.Y.-- New York taxpayers paid more than $5 million in the last two years to settle more than a dozen sexual harassment cases against state workers, according to records obtained Thursday. The cases include $1.79 million paid to a woman who worked for the state prisons system in western New York.
Christie vetoed the bill in July, saying at the time that some of the reforms had already been implemented at the Port Authority. The legislation would have forced the Port Authority to hold more public meetings before voting on toll hikes and publish its board of commissioners' meeting minutes.
ALBANY, N.Y.-- While New York Attorney General Eric Schneiderman alleges massive fraud in mortgage-backed securities in a lawsuit filed this week, he's not criminally prosecuting anyone. The civil suit claims misconduct by Bear Stearns& Co. in 2006-2007 cost investors $22.5 billion in losses and left them holding an additional $30 billion in bad loans.
The groups have joined with the influential Working Families Party to meet Thursday in Manhattan to force a trade-off for public financing of campaigns in exchange for pay raises sought by legislators.
ALBANY, N.Y.-- New York's Health Department has selected a health care plan offered by Oxford as the benchmark for the state's health insurance exchange, which is intended to help extend coverage to the uninsured and reduce costs for individuals, small businesses and local governments. The New York Health Benefit Exchange Gov.
ALBANY, N.Y.-- New York Gov. Andrew Cuomo began a statewide tour Tuesday to cheer on business projects that have gotten under way with the help of tax breaks, as New York's unemployment rate remains stubbornly higher than the national average. We have cranes in the sky, "said Onondaga County Executive Joanie Mahoney in Syracuse.
ALBANY, N.Y.-- New York regulators expect to reopen their rulemaking process for natural gas drilling using hydraulic fracturing, casting doubt on whether a 4- year-old moratorium on development will be lifted before next year.
Oct 1- The following are the top stories on the New York Times business pages on Monday. *A tax break for wage earners for which the White House campaigned hard last winter now finds little support in Washington, as Congress struggles with deficits.
*Hearings to start Oct. 15, extend into December* Entergy wants plant to run for another 20 years* New York Governor Cuomo opposes license renewal By Scott DiSavino.
*Entergy wants plant to run for another 20 years. Oct 1- A three-judge panel of the U.S. Nuclear Regulatory Commission will start hearings Oct. 15 on challenges to the license renewal application for Entergy Corp's Indian Point nuclear power plant north of New York City.
Gov. Andrew M. Cuomo on Sunday called for “comprehensive reform” of New York’s tax code that would mean higher tax rates for the wealthy and a tax cut for the middle class, according to officials briefed on the plan. The New York Times reports.
One of the most classic American political debates — state versus federal law — is surfacing again in the banking sector, as regulators work to put in place the financial reforms passed a year ago in Washington.