January 10, 2004 |
The Securities and Exchange Commission and New York state authorities are investigating banks whose loans financed improper mutual fund trading, SEC enforcement chief Stephen Cutler said. Bank of America Corp. and Canadian Imperial Bank of Commerce are among those drawing scrutiny in the probe of the $7.2-trillion mutual fund industry, a person familiar with the fund investigation said.
July 1, 2009 |
Internet giant Yahoo Inc. plans to open a data center in western New York state. Gov. David Paterson said the center in Lockport, north of Buffalo, was expected to begin operating in January 2011 and would create about 125 jobs. The governor said construction of the center, housing computer systems and other equipment, was expected to begin in the fall.
December 10, 2007 |
A bottle of 81-year-old Scotch sold for $54,000 at New York's first liquor auction since Prohibition. An anonymous collector bought the pricey potable Saturday at Christie's sale of wines and spirits. The bottle was distilled at Macallan in Scotland in 1926, bottled in 1986 and rebottled in 2002. Prohibition ended in 1933, but New York state did not allow auctions of spirits until this year.
April 1, 1993 |
The former chief judge of New York state pleaded guilty Wednesday to threatening to kidnap his former lover's daughter, and admitted harassing them for more than a year. Sol Wachtler, 62, entered his plea in U.S. District Court two months before his scheduled trial in a case that ended his legal career. Wachtler pleaded guilty to mail harassment. In exchange, prosecutors dropped a five-count indictment against him. He faces up to five years in prison.
August 5, 2004 |
Pharmacy benefits manager Express Scripts Inc. inflated prescription drug prices by millions of dollars, enriching itself at the expense of New York state, according to a lawsuit filed Wednesday by New York Atty. Gen. Eliot Spitzer. Spitzer, who has been investigating the company for a year, said the abuses had occurred over a five-year period and had cost the state $100 million. Express Scripts denied the allegations and said it would defend itself in court. Its shares slumped as much as 5.
August 23, 2003 |
A parole board will not reconsider its decision to release a 1960s radical involved in an armored car heist in which two police officers and a security guard were killed, despite demands by a police union. Kathy Boudin, 60, was granted parole Wednesday after serving 22 years on a 20-year-to-life sentence. She will be out by Oct. 1. The New York State Fraternal Order of Police demanded another hearing, but parole board spokesman Thomas Grant said there was no legal basis to do so.