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NY AG’s office seeks ‘more details’ from Bank of America on Merrill deal
In a Tuesday letter, the office of the New York State Attorney General (NY AG) Andrew Cuomo has sought details from Bank of America pertaining to its inadequate disclosure of information to shareholders, prior to its January 1 acquisition of Merrill Lynch.
NY ‘Ponzi’ operator charged; swindled 800 investors of $40 million!
The federal court in Brooklyn charged the 'Leverage Group' proprietor, Philip Barry, on Tuesday with a single criminal count of securities fraud - the New York money manager had been operating a supposed $40 million 'Ponzi' investment scheme since 1978!
The 52-year-old Barry, of the New York borough of Brooklyn, has defrauded over 800 investors, who believed that he was investing the cash in stock options though the Leverage Group; and had apparently used the swindled $40 million to finance a pornography material-based mail-order business, Barry Publications!
Delta Airlines to cancel Manchester to New York flights from January 8
Lack of demand is forcing Delta Airlines to cancel its direct flights from Manchester to New York's JKF airport, with effect from January 8. With British Airways and BMI already having taken the route off, the recent Delta decision will leave only two carriers operating direct - Continental Airlines and Pakistan International Airlines!
Week-long 400th anniversary celebrations of Hudson's voyage to begin on Tuesday!
To commemorate the 400th anniversary of Henry Hudson's voyage in September 1609, a week-long joint American-Dutch celebration, NY400, will include the sailing of an international fleet of ships into the New York Harbor on Tuesday. The fleet will also include a 100-foot replica of the 'Halve Maen' or Half Moon - the Dutch vessel of 20- member crew led by the English explorer Hudson!
The fleet, including NATO ships, Dutch frigates and Flying Dutchman racers, would expectedly pass under the Verrazano Bridge at 8 a. m. on Tuesday, and move further up the Hudson.
Quinnipiac University survey: New York’s Ground Zero rebuilding “going badly”
According to a Quinnipiac University poll, which surveyed 1,290 New Yorkers about the construction work in progress at Ground Zero, more than half respondents said that the rebuilding of the devastated World Trade Centre (WTC) site is "going badly."
Annie Leibovitz granted a month’s extension in lawsuit tied to $24 million loan from ACG
A New York judge granted celebrity photographer Annie Leibovitz, 59, one month's extension to respond to a lawsuit filed by the Madison Avenue-based "art market financier," Art Capital Group (ACG), which loaned her $24 million last December.
According to ACG claims, Leibovitz backed out of a deal that made the firm the "irrevocable exclusive agent" for managing the sale of her "fine art, intellectual property and real estate assets", when it lent her the loan amount at a reduced interest rate.
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