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Finance

$2.75M settlement reached with inside trader

New York State Attorney General Andrew M. Cuomo on Thursday announced a settlement with David Shulman, formerly a top executive at UBS, over Shulman’s sale of personal holdings ...

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European swaps facing renewed scrutiny

LONDON — The practice wasn’t secret and it wasn’t illegal, and some of it happened 10 or 15 years ago. But the practice of European governments reportedly using complex financial transactions to move debt off their books is getting closer attention from markets and the European Union.

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Gov proposing delays in tax refunds

ALBANY — Some New Yorkers could see a delay in the arrival of their state income tax refund checks if Gov. David Paterson decides it’s the best way to make sure the state has enough cash.

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Upstate sees VC growth 

The Upstate region saw nearly $6 million in venture capital investment in the fourth quarter of 2009, according to the most recent MoneyTree report from PricewaterhouseCoopers.

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Bonadio Group offers new CFO service

The Bonadio Group on Monday announced the launch of a new Personal Chief Financial Officer service through its Wealth Advisors team.

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Shareholders approve Xerox acquisition of ACS

Xerox Corp. officials announced Friday that Xerox shareholders and shareholders of Dallas-based Affiliated Computer Services Inc. approved Xerox’s ACS acquisition.

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Ex-assemblyman sentenced to six years

NEW YORK CITY — A veteran New York assemblyman was sentenced to six years behind bars on Thursday on charges he collected $1 million in consulting fees for, in his own words, “doing nothing.”

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Bernanke sworn in, voices concerns

Federal Reserve Chairman Ben Bernanke expressed concerns Wednesday about the economic recovery during a ceremonial swearing-in for another four-year term.

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Bill to boost bankruptcy judges advances

A bill that would increase the number of federal bankruptcy judges to handle the recent surge of personal and corporate bankruptcies last week was advanced in the U.S. House.

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