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Finance

Mayor taps Wagner as new city budget director

Mayor Thomas S. Richards has selected Christopher Wagner to replace William Ansbrow as the director of the city’s Office of Management and Budget. Ansbrow is leaving in September. “Chris Wagner is a consummate professional and has been a key city ...

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Chick-fil-A’s billionaire sons

Chick-fil-A made a bit of news this week, though if you compare it with the tide of coverage over the company president’s anti-gay-marriage stance, it was barely a ripple. According to figures from a research firm, the privately held company ...

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Local bankruptcy filings drop

  The latest caseload reports issued Wednesday by the U.S. Bankruptcy Court, WDNY, show a continued decline in filings in Rochester as compared to last month and to 2011. Total bankruptcy filings in July were down 5.8 percent compared to ...

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Gov’t: Great Recession bit less weak than thought

WASHINGTON — Here’s a small consolation: The Great Recession wasn’t quite as horrendous as previously thought. But it was still pretty horrendous: Updated government estimates from January 2009 through December 2011 show that the downturn remains by far the worst ...

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Leaders seek amendment to overturn Court ruling on ‘Citizens United’

Congressional leaders who perceive the Citizens United decision to be a threat to democracy are considering a constitutional amendment to overturn the ruling. The matter was discussed for more than two hours Tuesday in a hearing on “Taking Back Our Democracy: ...

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New mortgage disclosure rules proposed

In an extension of its “Know Before You Owe” mortgage project, the Consumer Financial Protection Bureau has proposed new requirements for mortgage disclosure forms. The proposed new “Loan Estimate” and “Closing Disclosure” forms present the costs and risks of loans ...

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Comptroller: Q1 NY tax revenues top projections

ALBANY — New York Comptroller Thomas DiNapoli says state tax revenues have exceeded projections in the most recent quarter, but notes weakness in May and June and says the government should spend cautiously for the rest of the fiscal year. ...

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Credit card complaint data available online

The federal Consumer Financial Protection Bureau announced it has started making credit card complaint data available to the public in a searchable database. In announcing the database launch Tuesday, the CFPB said the goal was to improve the transparency and ...

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State agencies make nonprofits wait for $

Among the bills on Gov. Andrew Cuomo’s desk awaiting his signature this week is legislation that would require state agencies to pay interest sooner for late contract payments to nonprofit agencies across the state. The State Comptroller’s Office released a ...

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COA to weigh claim from investment loss

ALBANY — New York’s top court will consider reinstating the lawsuit filed by a French asset management firm that lost $43 million in two structured investment vehicles incorporated by Barclays Bank offshore, handled by outside collateral managers and supported by ...

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Maximus to add 300-plus jobs at new Pittsford office

They could have gone anywhere, but chose to expand in Monroe County. That was the message Monday of several dignitaries who gathered to announce a decision by Maximus Federal Services to invest nearly $1.7 million for a new Medicare appeals ...

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