For over a decade, New York state has papered over budget deficits and over-spending by shuffling money among accounts, siphoning cash from dedicated funds and abusing temporary loans, according to a report released on Monday.
The Treasury on Monday pledged to sell its 7.7 billion Citigroup Inc shares this year, a step that further reduces the government's influence on the banking giant.
UBS adviser Chuck Huebner knew he was done with big brokerages when some supervisors questioned a stock he had purchased for one of his clients. The offending equity? Berkshire Hathaway.
The manager of teen pop star Justin Bieber was arrested on Wednesday for refusing to warn fans on Twitter about overcrowding at a shopping mall event, narrowly avoiding a horrible disaster, authorities said.
Stocks rose on Monday, building on last week's strength, as the passage of a bill overhauling the healthcare system ended much of the uncertainty about the issue for investors.
It is the case of Curious Judge and The Man with the Yellow Hat.
Surgeon, Jayant Patel faced an Australian court on charges ranging from manslaughter to grievous bodily harm relating to his time as a surgeon in Queensland hospital five years ago.
Stocks were set to open slightly higher on Friday with a barren economic calendar providing few catalysts, as Boeing was expected to rise after the planemaker said it will accelerate some production.
Stocks were little changed on Thursday, though the S&P and Nasdaq turned lower after data from the Philadelphia Federal Reserve showed new orders in the U.S. Mid-Atlantic region decelerated in March.
Lara Lewis used to be a stressed-out single mother whose teaching job left her little time for her young daughter, but now she works from home, selling an estimated $60,000 a year worth of jewelry online.
The 2010 New York City Saint Patrick's Day Parade kicks off Wednesday at 11:00 a.m. starting at 44th Street and Fifth Avenue.
Corrects last paragraph to make clear TARP application was made in November 2008 and chairman Glascoff spoke on March 10, 2009. The errors first occurred in UPDATE 1
The former president of New York's privately held Park Avenue Bank was arrested on allegations of fraud on Monday, including charges of making false statements in the failed bank's application for U.S. government bailout funds.
NEW YORK (Reuters Life!) - St. Patrick's Day, which will be celebrated next week, has become a worldwide phenomenon with festivities that occur not only in the United States and Ireland, but also in the Caribbean, New Zealand and Japan.
Thousands of workers who suffered health problems after the September 11 attacks in 2001 have reached a settlement worth up to $657.5 million with an insurer representing the city of New York, city officials and lawyers said on Thursday.
With Governor David Paterson enveloped in scandal, New York's lieutenant governoris leading the notoriously difficult budget process and freeing up his boss to fight for his political life, experts say.
The former chief investment officer for New York State's comptroller on Wednesday pleaded guilty to helping favored firms gain access to the state's $129 billion pension fund.
In September 2008, as Lehman Brothers was breaking into a million pieces, a young investment bank was pushing up through the rubble.
The $120 billion that New York state owes in debt, health and pension benefits for public workers puts it in the danger zone, and getting down to the safety zone requires a $20 billion cut, a study said Tuesday.
New York Governor David Paterson on Tuesday said the multi-year deficit-closing plan his lieutenant governor is devising might seek to give governors extra authority to cut over-spending.
A former stock loan trader at Morgan Stanley and Bank of America Corp in New York received well over $100,000 of cash kickbacks by steering orders to other brokerage firms, the U.S. Securities and Exchange Commission said in a lawsuit filed on Tuesday.
Maurice Hank Greenberg, the former chief executive of American International Group Inc , will testify on Wednesday over a sham transaction involving the insurer and a unit of Warren Buffett's Berkshire Hathaway Inc , a judge ruled.
