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Economy

Rochester man admits to Katrina fraud

Jonathan Etienne, 23, of Rochester, has pleaded guilty before U.S. Magistrate Judge Jonathan W. Feldman to theft of public money...

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Rochester business council talk on 2011 economic outlook

Gary D. Keith, vice president and regional economist for M&T Bank, will discuss the 2011 economic outlook for the Western New York region March 30 at the Rochester Regional Veterans Business Council’s general membership meeting and lunch...

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Now easier to sue businesses

WASHINGTON, D.C. — The U.S. Supreme Court made it easier to haul businesses into court on Tuesday, ruling that investors can sue them for purposefully withholding damaging information about a product and that employees can sue them for retaliation without having to make a written complaint...

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DiNapoli: NY home foreclosure filings decline

ALBANY — New mortgage foreclosure filings dropped last year in New York while still edging up nationally, according to state Comptroller Thomas DiNapoli, who cautioned the fallout continues from the U.S. housing crisis and recession.

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NY Fed confirms intervention in currency markets

WASHINGTON, D.C. — The New York Federal Reserve Bank confirmed that it intervened in currency markets on Friday for the first time in more than a decade. The disclosure came a day after the Group of Seven major industrialized nations ...

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Gov’t panel issues mixed final verdict on bailouts

WASHINGTON, D.C. — The government's bailout of banks, auto makers and insurers helped prevent a more severe economic crisis, but might have sowed the seeds of the next one, a congressional watchdog group said Wednesday in its final report.

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