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Careful planning can help create an enjoyable retirement
The key to a successful retirement consists of two components: does one have enough money to sleep at night; and does one have a reason to get up in the morning.
Affordable housing likely to become a more attractive investment
Proposed legislation, a late-2020 law change and a possible bump in the corporate tax rate all should turn out to be beneficial for the affordable housing industry as objectives of the Biden administration play out. When the federal corporate tax rate climbs, investment options such as Low Income Housing Tax Credits (LIHTC) become more attractive. “Higher […]
State AG wants Kodak boss to testify about stock buy
New York state Attorney General Letitia James on Tuesday petitioned the court to force Eastman Kodak Co. CEO Jim Continenza to publicly testify about his stock purchase last year ahead of the federal government’s announcement that Kodak was in line to receive a $655 million loan to build its chemical business. According to James, “Continenza made the […]
Madoff clients fighting for fortunes get help – from the con man
Dozens of Bernard Madoff’s early investors are getting help from an unlikely source in a fight to keep their profits: the con man himself. From his federal lockup in Butner, North Carolina, Madoff said at a recent deposition he was a legitimate securities broker for decades, until 1992. Before that, he said, he was mostly […]
Hoping to beat the market, investors try a new breed of index funds
Don’t try to beat the market. The adage got pounded for years into investors, and many began to live by it. After seeing so many investments fail to keep up with the Standard & Poor’s 500 index, investors put their money instead into low-cost index funds. They were happy to get returns that were the […]
SEC opens door to startup investing for all
A new form of crowdfunding is coming soon that will allow startups to raise money by selling stock to Main Street investors. The Securities and Exchange Commission on Friday adopted rules implementing a 2012 law that opened the door to securities crowdfunding. The vote was 3-1 at a public meeting. For years, artists, charities and […]
US stocks slip on earnings, slow growth
NEW YORK — Stocks are slightly lower in afternoon trading after the U.S. said economic growth slowed more than expected in the summer. Earnings reports came in mixed, with companies including Buffalo Wild Wings and camera maker GoPro plunging after weak results. THE SCORE: Stocks have been lower all day, but they’ve held onto most […]
As Fed meets, decision on rate hike seems like toss-up
Will they or won’t they? Nine years after they last raised their benchmark interest rate and after months of feverish speculation, Federal Reserve policymakers this week may finally raise that rate from a record low near zero. Unless they don’t. Financial markets have been zigzagging with anxiety as investors have tried to divine whether the […]
In a slow-growth world, technology stocks are trending again
NEW YORK — Technology stocks are trending big-time as investors latch on to innovative companies racing ahead in a slow-growth world. The tech-heavy Nasdaq is the best performing major U.S. stock index this year, gaining 6 percent as the Standard & Poor’s 500 and the Dow Jones Industrial averages have wavered between small gains and […]
Workers buying businesses from boomer bosses
NEW YORK — As retiring baby boomers look to sell the small businesses they have run for years, top employees are often becoming the boss. The new owners are likely to be general managers, chief operating officers or foremen who have worked for the company for many years and have the savvy to run the […]
9 charged with making $100M using hacked press releases
NEWARK, N.J. — An international web of hackers and traders was charged by U.S. authorities Tuesday with making $100 million by breaking into the computers of business newswire services, reading corporate press releases before they came out, and then trading on that information ahead of the pack on Wall Street. Federal authorities said it […]
Why global turmoil hasn’t sunk US markets, yet
NEW YORK — Europe appears on the brink of another recession. Islamic militants have seized Iraqi territory. Russian troops have massed on the Ukraine border, and the resulting sanctions are disrupting trade. An Ebola outbreak in Africa and Israel’s war in Gaza are contributing to the gloom. It’s been a grim summer in much of […]
Case Digests
- Court of Appeals – Speedy trial: People v. Justice A.
- Fourth Department – Traffic stop: People v. McMillon
- Second Circuit – Fair Labor Standards Act: Abbott v. Comme Des Garcons, Ltd.
- Second Circuit – Plea agreements: Cook v. United States
- Fourth Department: Statute of limitations: Marino v. Weiler
- Fourth Department – Nail and mail service: Rebutting presumption of service L&W Supply Corporation v. Built-Rite Drywall Corp, et al
- Fourth Department – Mental Hygiene Law: Charles L. v. State of New York
- Second Circuit – Medicaid and Medicare certification: U.S. ex rel. Quartararo v. Cath. Health Sys. Of Long Island Inc.
- Fourth Department – Waiver of indictment: People v. King
- Fourth Department – Speedy trial: People v. Jordan
- Fourth Department – Rosario material: People v. Dennard
- Second Circuit – Magnuson-Stevens Act: State of New York v. Raimondo
Law News
- Split court affirms gun conviction
- N.Y. Court of Appeals reverses gun conviction
- NY board approves cannabis lawsuit settlements, paves way for retail dispensaries
- NY Court of Appeals reverses murder conviction because of illegal police search
- NY Court of Appeals reverses gun conviction over ineffective counsel
- Split court affirms gun conviction, finding search and arrest were legal
- NY appeals court vacates drug conviction over illegal police search
- Split Court of Appeals strips Police Accountability Board of disciplinary power
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