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.
This week’s notable deaths included a son of David Rockefeller Sr., the world’s oldest billionaire; a black American actress whose work on stage and off involved fighting racial discrimination; and a Cy Young Award-winning Major League Baseball pitcher. Below are summaries of these and other obituaries from the past week.
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.
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.
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.
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.