By Joseph A. Giannone and Jonathan Stempel NEW YORK (Reuters) - New York Attorney General Andrew Cuomo plans to imminently charge Citigroup Inc C, accusing it of fraudulently marketing and selling auction-rate securities, and destroying documents that had been subpoenaed. In a letter...
Byline: from staff reports and bloomberg news reports Schools settle with Cuomo Pace University, New York Institute of Technology and Molloy College of Rockville Centre, L.I., entered into agreements with New York Attorney General Andrew Cuomo ( Byline: from staff reports...
Andrew Cuomo takes new job former gubernatorial candidate Andrew Cuomo is taking a job with a friend he made on the campaign trail, real estate whiz Andrew Farkas. Mr. Cuomo will act as a partner in Island Capital Group, the real estate investment ...
Byline: Alair Townsend A friend of mine, also a veteran of the Koch administration, called recently after someone we both know had gotten into some trouble. ``Alair,'' he chortled, ``you've got to stop smoking so you live long enough to see all of ...
Housing and Urban Development Secretary Andrew Cuomo awarded rental assistance vouchers that will help 60,000 low-income families live in housing they otherwise could not afford. Cuomo awarded the voucher to about 500 housing authorities in the U.S., Puerto Rico, Guam, the Virgin Islands, and the Commonwealth of the Northern Marianas...
In proposing a higher ceiling on FHA mortgage insurance, HUD secretary Cuomo projects about 600,000 more people would enter the housing market annually. If all goes according to plan, builders can look forward to millions of new homeowners enteri In proposing a...
By Joseph A. Giannone NEW YORK (Reuters) - New York Attorney General Andrew Cuomo's office is probing the relationship between Fidelity Investments and Goldman Sachs Group Inc GS in connection with the broker's sales of auction-rate securities, people familiar with the...
When the history of the Web's early years are written, one critical chapter will be the multiple ways government agencies have tried to censor, tax and otherwise inhibit the Internet, mostly unsuccessfully. But today's NYT report that three big ISPs -- Verizon, Sprint and Time Warner Cable...
The most powerful retail brokerages in the US are waging war against Wall Street's big investment banks over the $330bn auction- rate securities mis-selling scandal. The brokerages are arguing it was not they who misled their clients but the underwriters on Wall Street who misled them. ...
NEW YORK AFP — US banks JPMorgan Chase and Morgan Stanley joined other large banks Thursday in agreeing to buy back billions of dollars of stressed securities from investors, New York officials said. New York state attorney general Andrew Cuomo brokered a settlement with the two banks which...
CITIGROUP is in talks over a $5bn (2.5bn) legal settlement to claims that it fraudulently foisted auction rate securities on thousands of its savers in one of the biggest mis-selling scandals of the credit crisis. Customers were told the complicated bonds were the equivalent of cash, but...
The top securities regulator in Massachusetts charged Merrill Lynch with fraud Thursday, claiming the brokerage giant knowingly misled investors in the auction-rate securities market, which ground to an unexpected halt in February. The action is the latest evidence that state and federal regulators are aggressively probing the breakdown...
Plans, New York Attorney General Agreed to Standards in November WASHINGTON -- A new Web site launched by the National Committee for Quality Assurance NCQA provides for the first time detail on the extent to which health plans in New York measure and report on physician performance in...
NEW YORK -- Swiss bank UBS is being sued by New York state, accused of fraud after allegedly duping investors into buying an investment it claimed was as safe and liquid as cash but that ended up being so hard to sell that investors could not get their money out...
Seven senior executives at UBS cashed in $21m (10.6m) of their personal holdings in auction-rate securities just before the market for these securities collapsed, leaving thousands of the Swiss financial giant's clients holding securities they could not sell. The allegations are contained in a multibillion-dollar lawsuit launched...
NEW YORK AFP — New York state officials Thursday filed civil fraud charges against UBS, accusing the Swiss banking giant of marketing certain kinds of adjustable bonds as "safe" investments. State Attorney General Andrew Cuomo said the suit accuses UBS Securities LLC and UBS Financial Services "with falsely...
NEW YORK -- After fighting a four-year legal battle to keep his $188million pay package, former New York Stock Exchange chief Richard Grasso triumphed Tuesday when an appeals court threw out the final charges against him. Last week, a different appeals court tossed out four other pay-related charges...
NEW YORK AFP — An appeals court Tuesday gave former New York Stock Exchange NYSE chief Richard Grasso a total victory by dismissing all claims seeking reimbursement of a contested 100-million-dollar severance payout. A mid-level appeals court in Albany, New York, said the state attorney general's...
ALBANY, N.Y. -- Anheuser-Busch agreed Thursday to stop selling caffeinated alcoholic beverages after an investigation by New York and other states said it was illegally marketing the drinks to young people. The agreement reached by Attorney General Andrew Cuomo and other attorneys general calls for Anheuser-Busch...
McCormick profit up 29% Spice maker McCormick & Co. Inc., of Sparks, said second-quarter profit jumped 29 percent due to higher sales in both its consumer and industrial divisions. Net income met analysts' expectations, rising to $53.3 million, or 41 cents per diluted...
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