Manhattan News

  • South Korea’s State Fund Plans to Double Alternative Investments

    Updated 36 minutes ago

    Korea Investment Corp., the nation’s $72 billion sovereign wealth fund, plans to double alternative investments over the next 10 years to compensate for declining returns from stocks and bonds.

  • Port Authority Delays Vote on Trade Center Tower Deal

    Updated 1 hour, 48 minutes ago

    The Port Authority of New York and New Jersey postponed a vote on a proposal for a $1.2 billion loan guarantee that would help developer Larry Silverstein build 3 World Trade Center in lower Manhattan.

  • Ex-New York Fed Examiner’s Suit Over Goldman Dismissed

    Updated 3 hours, 23 minutes ago

    The Federal Reserve Bank of New York won dismissal of a lawsuit by a former bank examiner who claimed she was fired for refusing to change findings critical of Goldman Sachs Group Inc.

  • New York’s Lawsky Accuses Condor Capital of Theft

    Updated 3 hours, 9 minutes ago

    Benjamin Lawsky, New York’s top banking regulator, sued Condor Capital Corp., claiming the sub- prime auto lender stole millions of dollars from low-income customers and risked exposing their personal information.

  • GM Car Owners Attack Automaker Bid For Recall Protection

    Updated 2 hours, 14 minutes ago

    General Motors Co.’s request for court protection from car-owner suits seeking compensation for recalled autos with defective ignition switches was attacked as legally “unsupportable.”

  • Dates Got Garbled, Michaels Ex-Chairman Testifies at Tria

    Updated 43 minutes ago

    Samuel Wyly, the 79-year-old former Michaels Stores Inc. chairman, says dates sometimes get garbled in his mind. That’s how he explained inconsistencies in his testimony about company sales that are a part of a $550 million insider-trading lawsuit brought by regulators.

  • Bitcoiner a Tribeca Film Festival Star in Ankle Bracelet

    Charlie Shrem will be a star at the Tribeca Film Festival, two weeks after his indictment on money laundering charges that could send him to prison for 20 years.

  • Nvidia Manager's Tips Led to Illegal Trades, SEC Says

    A former Nvidia Corp. accounting manager agreed to pay $30,000 to resolve U.S. regulatory claims that his tips to a friend led to millions of dollars in illicit gains for hedge-fund traders, including Sigma Capital Management, an affiliate of SAC Capital Advisors LP.

  • Reynolds American to Face Suit on Money Laundering Claims

    Reynolds American Inc., maker of Camel cigarettes, can be sued by the European Union on claims the tobacco company orchestrated a worldwide scheme to launder drug money, a federal appeals court ruled in reviving a suit filed more than a decade ago.

  • Caesars Enters Bid to Build $750 Million New York Casino

    Caesars Entertainment Corp. is bidding to build a $750 million casino about 50 miles from Manhattan as other Las Vegas gambling companies stay away.

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