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Investors hope earnings lift markets as fears fade
NEW YORK — After fretting over a Greek bailout, a collapse in Chinese stocks and the timing of an interest rate increase, investors are hoping U.S. corporate earnings will bring more reassuring news this month. Companies have started to report second-quarter results, and early announcements bode well for investors unnerved by worrisome headlines and a […]
JPMorgan Chase reaches $4.5B deal with investors
JPMorgan Chase & Co. has reached a $4.5 billion settlement with investors who said the bank deceived them about bad mortgage investments. The settlement, announced Friday, covers 21 major institutional investors, including JPMorgan competitor Goldman Sachs, BlackRock Financial Management, and Metropolitan Life Insurance Co. The mortgage-backed securities were sold by JPMorgan and Bear Stearns [...]
Facebook 3Q results fly past expectations
NEW YORK — Concerns about Facebook’s ability to keep young teens coming back every day spooked some investors, even though the company’s latest quarterly results showed continued strength in mobile advertising and beat Wall Street’s expectations on all counts. Shares of the world’s largest social network spiked then turned lower in after-hours trading Wednesday evening [&[...]
Crowdfunding to take a leap by seeking investors
WASHINGTON — Crowdfunding is about to go big time. For years, filmmakers, artists and charities have used the power of the Internet to generate money for projects. But in the coming year, with the blessing of Congress, startups will be allowed to raise money this way by selling stock to small-time investors. For those investors, […]
US gov’t sues BofA over mortgage bond sale
WASHINGTON — The U.S. government has accused Bank of America Corp. of civil fraud, saying the company failed to disclose risks and misled investors in its sale of $850 million of mortgage bonds during 2008. The Justice Department filed a lawsuit Tuesday against the bank and several subsidiaries in federal court in Charlotte, N.C., where […]
Are ordinary folks losing faith in stocks?
NEW YORK — Andrew Neitlich is the last person you’d expect to be rattled by the stock market. He once worked as a financial analyst picking stocks for a mutual fund. He has huddled with dozens of CEOs in his current career as an executive coach. During the dot-com crash 12 years ago, he kept […]
SEC changes rule on advisory performance fees
The Securities and Exchange Commission announced a rule change last week that raises the net worth requirement of investors who pay advisory performance fees and excludes the value of a client’s home from that net worth consideration. Rule 205 of the Investment Advisers Act of 1940 allows registered investment advisors to charge qualified clients a […]
LinkedIn shares open at $82 in market debut
NEW YORK CITY — LinkedIn's stock is surging in its market debut, opening at $82 because of huge investor demand. The stock is up about 90 percent at $85 in its first minutes on the New York Stock Exchange.
Constellation Brands holds analyst meeting in NYC
Winemaker Constellation Brands is outlining its yearlong business strategy for analysts and institutional investors in New York City. The maker of Robert Mondavi wine, Svedka vodka and Corona beer is holding its annual investor meeting ...
LinkedIn to sell shares for $32 to $35 each in IPO
NEW YORK CITY — Professional networking website LinkedIn Corp. plans to sell shares to investors for $32 to $35 each in an initial public offering, one of the first for a major U.S. social networking site. The company said the offering could ...
Investors drove home sales up 3.7 pct. in March
WASHINGTON, D.C. — Investors drove up U.S. home sales last month, plunking down cash to grab cheap homes at risk of foreclosure. But first-time homebuyers, who are crucial to a housing recovery, stayed away.
Case Digests
- NYS Advisory Committee on Judicial Ethics – Attorney misconduct: Opinion 22-164
- NYS Advisory Committee on Judicial Ethics – Independently written bench book: Opinion 22-163
- Fourth Department – Suppression: People v. Saeli
- Second Circuit – RICO: Horn v. Medical Marijuana Inc.
- NYS Advisory Committee on Judicial Ethics – Uncompensated interview: Opinion 22-159
- NYS Advisory Committee on Judicial Ethics – Uncompensated guest speaker: Opinion 22-158
- Fourth Department – Negligent performance: Rosenthal v. Syracuse University, et al.
- Second Circuit – Visual Artists Rights Act: Kerson v. Vermont Law School Inc.
- NYS Advisory Committee on Judicial Ethics – Former foreclosure referee: Opinion 22-157
- NYS Advisory Committee on Judicial Ethics – College honorarium: Opinion 22-156
- Second Circuit – Reasonable accommodation: Tafolla v. Heilig
- Fourth Department – Labor Law: Primisch v. Peroxychem LLC
Law News
- Appeals court upholds Supreme Court ruling
- Assistant district attorney appointed City Court judge by Rochester mayor
- Murder conviction affirmed despite trial judge error
- NY appeals court upholds conviction in burglary case
- Federal lawsuit reinstated against jail officer over strip search, delayed release
- Hyzon to pay $25M penalty to settle alleged fraud charges by SEC
- NY appeals court reinstates lawsuit over contract to remove snow
- Fourth Department affirms $400K judgment in contract dispute
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