The Amtrak train service between Boston and New York City’s Penn Station is halted as the moving bridge at Pelham Bay in the Bronx north of Manhattan is stuck open, said Christina Leeds, an Amtrak spokeswoman.
New Rochelle, New York , had its general-obligation debt rating lowered one level to Aa3, the fourth-highest investment grade, by Moody’s Investors Service after declining tax revenue drained reserves.
Raymond Saxe, a former senior vice president of global risk technology at HSBC Holdings Plc whose 23-year Wall Street career in project management included work as a director at Deutsche Bank AG, has died. He was 50.
Sound Shore Medical Center of Westchester, an affiliate of New York College of Medicine serving patients in the New Rochelle area, filed for bankruptcy protection planning a sale to Montefiore Health System.
Al Weiner’s stake in New York’s Empire State Building came to him by way of his grandfather’s death in a 1950 train crash in Richmond Hill, Queens. His grandmother sued the Long Island Rail Road, and her lawyer was Lawrence Wien, a family friend.
Beam Inc., the U.S. maker of Jim Beam, Canadian Club and Maker’s Mark, was sued for $100 million by an importer that claims Beam and its Cooley Distillery unit broke a contract to supply it with Michael Collins Irish Whiskey.
John F. Eckstein III, one of the first traders of Treasury bill futures contracts following their debut in 1976 and a pioneer of cash-futures arbitrage trading in the U.S. government bond market, has died. He was 74.