The Standard & Poor’s 500 index closed out its best year since 1997 on Tuesday as traders wrapped up a record-setting year.
Stocks have been rising sharply this year as the U.S. economy improves, companies report bigger profits and the Federal Reserve keeps up its easy-money policies.
Irvington, N.J., is moving forward with plans to become the second municipality in the nation to use eminent domain to buy mortgages that are in foreclosure.
Drexel Hamilton was founded by a wounded Vietnam vet, Larry Doll. Its singular mission is to help returning veterans find meaningful careers.
On Sept. 17, 2011, protesters first began camping in Zuccotti Park near the New York Stock Exchange. The movement has splintered since New York City Mayor Michael Bloomberg evicted the protesters from the plaza in November 2012.
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.