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.