The men duped at least 150 people into spending $8 million on precious metals they did not own, Manhattan District Attorney Cy Vance said.
Mayor Michael Bloomberg said it’s “not very helpful” to New York City’s economy when Eliot Spitzer badmouths Wall Street while campaigning.
The stock market closed at a record high after Federal Reserve Chairman Ben Bernanke said the central bank would continue to support the U.S. economy.
There was no let-up in the flight from stocks and bonds Thursday as the Dow Jones industrial average plunged 353 points Thursday and wiped out almost two months of gains.
The Dow Jones industrial average crossed 15,000 for the first time, and the Standard and Poor’s 500 index, a broader market measure, rose above 1,600.
A 17-year-old boy was on the lam for hours Monday, after he escaped from police custody on Staten Island.
Wall Street cash bonuses for 2012 are expected to rise 8 percent to $20 billion, partly driven by deferred payments from prior years, New York’s state comptroller said Tuesday.
There was a massive emergency response to Pier 11 when a ferry headed in from New Jersey hit the shore.
Assistant U.S. Attorney Karen Gilbert said at a bail hearing that Raees Alam Qazi, 20, researched bomb-making techniques on Internet sites affiliated with al Qaeda, including one using Christmas tree lights, and the FBI recorded phone calls and conversations linking Qazi to a purported “lone wolf” plot.
Citigroup said Wednesday that it will cut 11,000 jobs, a bold early move by new CEO Michael Corbat. The cuts amount to about 4 percent of Citi’s workforce of 262,000.
Some jubilation supporters of President Barack Obama may have felt after his re-election Tuesday was doubtless tempered by an apparent free fall on Wall Street.
Trading resumed on the New York Stock Exchange Wednesday after being closed for two days because of Hurricane Sandy. New York Mayor Michael Bloomberg ran the opening bell.
There was a moment in the debate that will be discussed in the days ahead that everyone missed until yesterday. A review of the debate tape reveals that, apparently, Mitt Romney needed a cheat sheet to keep the lies straight.
According to New York’s Attorney General, even while the nation’s economy was collapsing, Bear Stearns was only looking at its own bottom line and was lying to investors.
It is clear that Democrats have shown a greater propensity to spend money wisely with their campaigns and allied groups. At the end of the day, that is what America needs.