New York News
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Updated 47 minutes ago
Fairfax Financial Holdings Ltd., with seven of eight hedge funds it accused of spreading false rumors out of a lawsuit, may see the $24 billion case shrink again. A judge is poised to rule whether racketeering counts allowing triple damages should be tossed, Bloomberg News’s Thom Weidlich reports.
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Empire State Realty Trust Inc., the company that controls the Empire State Building, was sued by an investor over its plan to become a real estate investment trust and sell shares on the New York Stock Exchange.
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Deutsche Bank AG, Germany’s biggest bank, settled a lawsuit filed by Loreley Financing over $440 million of collateralized-debt obligations purchased from 2005 to 2007.
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A U.S. investigation of possible insider-trading by Goldman Sachs Group Inc. employees expanded to include a managing director whose name emerged at the trial of convicted hedge fund manager Raj Rajaratnam, a person with knowledge of the probe said.
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Wall Street’s cash bonus pool fell by 14 percent last year to $19.7 billion, the lowest since 2008, as the securities industry shed thousands of jobs, according to projections by New York state Comptroller Thomas DiNapoli . Bloomberg's Erik Schatzker, Scarlet Fu, Stephanie Ruhle and Sara Eisen report on Bloomberg Television's "Inside Track." (Source: Bloomberg)
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Andrew Schiff was sitting in a traffic jam in California this month after giving a speech at an investment conference about gold. He turned off the satellite radio, got out of the car and screamed a profanity.
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New York City Mayor Michael Bloomberg led a group of local officials to Albany today to tell lawmakers that if they don’t change the state pension system, it will lead to job cuts.
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A Morgan Stanley unit was sued for breach of contract by a securitization trust seeking to force the bank to buy back about $300 million in mortgage loans.
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The following is the text of the Federal Reserve Board’s Second District-- New York.
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Wall Street’s cash bonus pool fell by 14 percent last year to $19.7 billion, the lowest since 2008, as the securities industry shed thousands of jobs, according to projections by New York state Comptroller Thomas DiNapoli.
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