Andrew Cuomo News
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D.E. Shaw & Co. and Brevan Howard Asset Management LLP each will get $350 million from New York City’s police, fire and civil-employee pensions as the retirement plans expand into hedge funds.
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New York state taxpayers might end up paying for infrastructure and transportation improvements to support a proposed privately financed convention center and casino in Queens, a representative of the developer said.
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New York City Mayor Michael Bloomberg led a group of local officials to Albany today to tell lawmakers that if they don’t change the state pension system, it will lead to job cuts.
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New York’s local governments have borrowed about $200 million this year from the state’s retirement fund, $156 million more than last year, when the program to spread out pension costs was implemented.
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New York Governor Andrew Cuomo urged the state’s mayors to rally their communities in support of his proposal to raise the retirement age for new workers and offer a 401(k)-type alternative to government pensions.
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Bans on natural gas drilling in two New York towns were each upheld by state judges this week.
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Life insurers will face tighter restrictions against holding beneficiaries’ funds under a directive to be made by the New York Department of Financial Services, according to a person with knowledge of the plan.
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New York Governor Andrew Cuomo said a construction team may be chosen in the next six months to build a $5.2 billion replacement for the Tappan Zee Bridge and that he’s considering turning the old span over the Hudson River into a pedestrian greenway.
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New Jersey Democrats, less than a week after Republican Governor Chris Christie vetoed their bill to make same-sex marriage legal, are pushing another priority, a higher minimum wage.
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New York plans to open a store on eBay Inc.’s website to sell excess inventory, including as many as 500 vehicles, Governor Andrew Cuomo said.
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