NEW YORK

New York Gov. David Paterson announced Friday that he will not seek election in the fall, after allegations involving him and a top aide.

New York Governor David Paterson said today he will not seek re-election.

New York Governor David Paterson said Friday he is ending his campaign to run for governor of New York in November.

A man was arrested for the kidnapping and abandoning of his 2-year-old daughter.

When Matt Prendergast was laid off in 2008 after Bear Stearns collapsed, he expected to find a new job right away. With more than 20 years' experience as an investment banker, he thought he was sitting pretty.

A Manhattan federal judge gave final approval to Bank of America Corp's $150 million settlement with the U.S. Securities and Exchange Commission.

Toyota Motor Sales USA Inc agreed to take steps to help inconvenienced owners of more than 500,000 recalled vehicles in New York.

New York Attorney General Andrew Cuomo on Tuesday said Oppenheimer & Co will restore $31 million to the accounts of customers who were stuck owning auction-rate securities that became illiquid.

The liberal grass-roots group ACORN is reeling after scandals that have hurt its fund-raising ability and prompted its big New York and California chapters to quit and set up fresh organizations.

Economic activity rose sharply in January, further evidence the recovery is gaining ground, but manufacturing in Texas slipped in February.

Bank of America Corp won approval of a $150 million settlement with the U.S. Securities and Exchange Commission over the Merrill Lynch & Co merger, though the federal judge who signed off on the accord called it half-baked justice at best.

Bank of America Corp won approval of a $150 million settlement with U.S. Securities and Exchange Commission over the Merrill Lynch merger, ending an embarrassing public battle between the largest U.S. bank and the nation's top securities regulator.

Russia said on Friday it was very alarmed by Iran's failure to cooperate with the IAEA, after the U.N. nuclear agency said it feared Tehran might be working to develop a nuclear missile.

In a year in which Republicans look likely to make sweeping gains in congressional and governors' elections, New York Democrats are more concerned with fighting each other.

Russia said on Friday Iran must cooperate more actively with the U.N. nuclear agency to convince the world its nuclear program is peaceful, and gave fresh signals the Kremlin may back sanctions.

U.S. department stores are by and large set to report far better earnings in the coming week than they did a year ago in the thick of retail meltdown.

A former top UBS AG fixed-income executive has agreed to pay $2.75 million to settle a probe by New York Attorney General Andrew Cuomo into insider trading of auction-rate securities.

Stocks were little changed on Thursday as a mixed set of economic data and a weak outlook from Wal-Mart pointed to the fragility of the recovery.

Calpers released late on Wednesday a list of 11 firms with which it has invested that did not reply to its request for information on their use of placement agents.

The fate of the U.S. Securities and Exchange Commission's $150 million accord with Bank of America Corp over the Merrill Lynch & Co takeover hung in the balance as a federal judge sought help in resolving striking inconsistencies in events leading up to the merger.

Bank of America Corp fired its general counsel in December 2008 to keep Brian Moynihan, now its chief executive, from leaving the bank, and not because of legal advice concerning the takeover of Merrill Lynch & Co, the Securities and Exchange Commission said.