Mayor Bill de Blasio’s vision of raising income taxes to pay for pre-kindergarten and after- school programs would generate $530 million a year. By revamping property taxes -- and taking on some of New York’s richest residents -- he could get eight times as much.
Johnson & Johnson will formally announce on Nov. 19 a settlement of more than $4 billion aimed at resolving thousands of lawsuits over its recalled hip implants, three people familiar with the matter said.
Johnson & Johnson agreed to pay at least $2.47 billion to settle thousands of lawsuits over its recalled hip implants, lawyers for the company and patients told a judge in outlining an accord that may be worth more than $4 billion.
U.S. stocks rose, sending the Dow Jones Industrial Average to the highest level in five years, as better-than-estimated housing data bolstered economic optimism and European shares rebounded amid gains in Italian bonds.