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.
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.
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.
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.
James Glickenhaus hits the gas pedal of his custom-built, 650-horsepower Ferrari P4/5 by Pininfarina while making a right at an intersection in Bedford, New York. He cuts off an oncoming Volvo that’s turning left, and the driver beeps his horn in irritation.
The following are results from Investors Intelligence’s analysis of investment newsletters for Feb. 8 through yesterday. The New Rochelle, New York-based firm determines the proportion of writers who are bullish and bearish on U.S. stocks, as well as the percentage who anticipate a correction, or 10 percent decline, in the market.