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Latest News in New York

  • May 26, 2020

    Billionaire Claims Vale Knew Guinea Mining Deal Was Corrupt

    Israeli billionaire Beny Steinmetz is claiming that new evidence recently uncovered by the Israeli private intelligence agency Black Cube in his long-running dispute with Vale SA over a doomed Guinean mining project shows that the Brazilian miner knew about the alleged fraud underpinning the deal from the beginning.

  • May 26, 2020

    Health-Focused Firms Flood IPO Market With Fresh Filings

    Five issues from the biotechnology and health care fields recently bolstered the initial public offerings pipeline with fresh filings, led by a potential $2 billion offering from a biopharmaceutical royalty owner, signaling a busier June for an IPO market rebounding from a coronavirus-related pause.

  • May 26, 2020

    Accused PPE Fraudsters Deny NY Price-Gouging Charges

    A pair of accused COVID-19 fraudsters on Tuesday denied price-gouging charges stemming from a purported scheme to resell 1 million personal protective masks at a 50% hike.

  • May 26, 2020

    CBS Says Ex-Worker Is Backtracking In Sex Harassment Suit

    A former CBS Corp. human resources manager accusing the media conglomerate of widespread sexual harassment and discrimination is now attempting to "backtrack from her sweeping and threadbare allegations" to get her suit shipped back to New York state court, according to a motion from CBS.

  • May 26, 2020

    Real Estate Rumors: FivePoint, Bank OZK, Ocean Bank

    FivePoint Holdings may scrap plans to build 750,000 square feet of office space in San Francisco and instead build health care-related space, Bank OZK has reportedly loaned $29 million for a Queens project, and Ocean Bank is said to be hoping to get $16.5 million with the sale of a Miami development site.

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