NY Post: News

NY Post: Newshttp://www.nypost.com
Latest News from the New York Post Online Edition, which delivers the Post's
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12018'Killer' nanny accused in kids' bathtub slashing deaths hit with throw-away-the-key indictment By LAURA ITALIANOManhattanA grand jury has voted a throw-away-the-key indictment -- charging first degree murder -- against Yoselyn Ortega, the nanny accused in the bathtub slashing deaths of two young Upper West Side children under her care.
The rare charge -- brought only 27 times in all of New York in 2011...
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Quinn: Run overhead power lines undergroundBy SALLY GOLDENBERG
Local
Forcing utilities to bury overhead lines is one of the more eye-catching – and expensive – suggestions City Council Speaker Christine Quinn put forth in a half policy, half campaign speech this morning.
Quinn, a likely candidate for mayor next year, delivered a lengthy speech on the aftermath of Hurricane Sandy when...
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Queens thug indicted on first-degree murder over fatal May shootingBY CHRISTINA CARREGA
Queens
A Queens thug's charges were upgraded by a grand jury today for allegedly killing a man who testified against him in an earlier robbery case.
Shytique Kelly, 21 of Arverne, was indicted on first-degree murder charges when he approached Tysheen Coakley and his two buddies near 110th Avenue and...
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Fam scam! Two brothers tricked convenience store customer out of $5M lottery ticket: DA
Local
SYRACUSE, NY — Two brothers from central New York who claimed a $5 million lottery ticket sold at their family's store have been accused of scamming the winning ticket from a customer.
Onondaga County District Attorney William Fitzpatrick says 34-year-old Andy Ashkar and 36-year-old Nayel Ashkar are charged with attempted...
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Feds: Hedgies knew stock tips were tainted By KAJA WHITEHOUSE
Business
Former hedge-fund hotshots Anthony Chiasson and Todd Newman “crossed a criminal line” by knowingly swapping confidential stock tips in order to pocket millions in illegal profits, prosecutors charged.
“They had something honest investors did not have, something honest investors could not get,” Richard Tarlowe, a prosecutor with the Manhattan US...
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Cops hunt for dog thiefBy JAMIE SCHRAM and DAN MANGAN
Manhattan
The young woman seen in this recently released surveillance video swiped a beloved pooch from a Manhattan real estate investor on Sept. 11.
Detectives are asking anyone with information on the sticky-fingered thief to immediately call CrimeStoppers at 1-800-577-TIPS. All calls will be kept confidential.
In the footage from an...
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Brooklyn-Battery Tunnel to be reopened soon: sourceBy JENNIFER FERMINO
Brooklyn
The Brooklyn-Battery Tunnel -- which was flooded with millions of gallons of water during superstorm Sandy — will be reopened soon, according to a government source.
Gov. Cuomo, MTA chairman Joseph Lhota and US Secretary of Transportation Ray LaHood are expected to make the announcement later today.
The source said it...
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Car charity scammer back in jail for Medicaid and food stamp fraudBy LAURA ITALIANO
Manhattan
She just got out of jail for pocketing $2 million in donations from her bogus "Hope for Disabled Kids" car-donation charity -- and now scammer Tirnawati Shoba Bakhsh is back behind bars, accused of collecting Medicaid and food stamps while running the scam.
The slippery Bakhsh, 46, gallingly claimed she...
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More than a fender bender: Sandy damaged 16,000 new cars stuck in port
Local
Superstorm Sandy has caused damage to thousands of cars in the Port of New York and New Jersey that were heading to vehicle sales lots around the region.
Port Authority spokesman Steve Coleman says 16,000 cars were damaged in the storm.
The New York Shipping Association says Toyota and...
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Murder suspect John McAfee says he did not do itBy MICHAEL BLAUSTEIN
International
Wanted for murder and on the run from the police in Belize, tech pioneer John McAfee says that he didn’t kill his neighbor and that whoever did might have been gunning for him.
“I thought maybe they were coming for me,” McAfee told Wired. “They mistook him for me...
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Singer/actress agrees to community service in assistant-bash caseBy LAURA ITALIANO
Manhattan
She's at the top of the charts -- and now she's cleaning up her rap sheet, too.
Songbird actress Taryn Manning, who played Eminem's dysfunctional girlfriend in the 2002 movie "8 Mile," agreed in a Manhattan courtroom this morning to serve a day of community service to...
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'Butcher' ex-boyfriend sentenced to 25 years to life in prison for girlfriend slayBy DAREH GREGORIAN
Manhattan




Steven Hirsch
Raul Barrera in court today. He was sentenced to 25 years to life in prison.




A fashion publicist who butchered his ex-girlfriend in her Lower East Side apartment for trying to move on without him was sentenced to 25 years to life in prison this morning - and...
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NY attorney files lawsuit over LIPA power failures
Local
A New York attorney has filed a lawsuit claiming negligence by two Long Island power companies after Superstorm Sandy and the nor'easter.
Kenneth Mollins said the lawsuit filed Tuesday in state Supreme Court seeks unspecified damages.
The Long Island Power Authority has restored power to more than 1.1...
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Fla. utility worker attacked on Long Island
Local
A utility worker from Lakeland, Fla., was punched in the face while walking outside a restaurant on New York's Long Island.
The Lakeland Ledger reports that John Applewhite suffered a broken jaw and several face fractures.
A Nassau County police press release said a man was punched in the...
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WATCH: Jon Stewart takes self down a notch over interview with Petraeus' mistressBy MICHAEL BLAUSTEIN
National
On last night's episode of "The Daily Show," host Jon Stewart mocked his own lack of journalistic instinct when it came to the interview he did with David Petraeus' mistress Paula Broadwell earlier this year.
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Gen. John Allen also helped Jill Kelley's sister during custody battleBy GEOFF EARLE and DAN MANGANNationalBoth Gen. David Petraeus and Gen. John Allen intervened in the same nasty child custody battle involving Natalie Khawam, the “psychologically unstable” twin sister of Jill Kelley, whose bombshell claims of being threatened by Petraeus' lover led to the top spy’s resignation last week, the Post has learned.
Allen...
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David Petraeus gets big promotion in new 'Call of Duty' gameBy MICHAEL BLAUSTEIN
National
Even though disgraced former CIA director David Petraeus' real career is over, his virtual career continues apace seeing as he is the Secretary of Defense in the new 'Call of Duty' video game which is expected to be the highest grossing game of all time.
Released today, the new game...
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Elmo accuser recants; says relationship was 'consensual'By DAREH GREGORIANLocalThe man who accused Elmo’s real-life persona, Kevin Clash of an underaged hookup has recanted his story, his legal representatives said today in an email, calling the relationship 'consensual.'
This office represented the 23-year-old man who was the subject of many media reports regarding Kevin Clash,” according to the...
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Hubby busted in SI teacher wife-slayBy DOUG AUER
Staten Island
The husband of a city schoolteacher mysteriously found dead inside their Staten Island home this summer was arrested this morning for murder, The Post has learned.
Jonathan Crupi was collared at his mother’s home where he had been staying since the July 5 slaying of Simeonette Mapes-Crupi, law enforcement...
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City launching '1-stop restoration centers', FEMA opens in 19 NJ counties
Local
New York City says it's launching "one-stop restoration centers" that will provide recovery services and disaster relief.
The offices will be located in Far Rockaway and Breezy Point, Queens; Coney Island, Red Hook and Gravesend, Brooklyn; and on Staten Island.
Both state and federal disaster relief will be offered...
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Rockefeller Center Christmas tree survived Sandy
Local
MOUNT OLIVE, NJ — The Christmas tree that will dominate New York's Rockefeller Center survived the winds of Superstorm Sandy that left a path of destruction in a New Jersey town and even its donor without electricity for weeks.
Joe Balku, 76, learned that the 80-foot Norway spruce had been...
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Missouri girl, 4, brings toys to Sandy victims
Local
A 4-year-old girl from Kansas City has been delivering toys to New York City children affected by Superstorm Sandy.
Katherine Schell tells WCBS-TV that she was worried about other kids who "lost their animals."
Her mom, Katie Schell, says it was Katherine's idea to bring the toys to New...
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Judge shames Ohio woman who drove on sidewalk to avoid school bus with public 'idiot' signNationalCLEVELAND — In a highly public sentence, a woman caught on camera driving on a sidewalk to avoid a Cleveland school bus that was unloading children stood in the cold at an intersection holding a sign warning people about idiots.
A Cleveland Municipal Court judge ordered 32-year-old Shena Hardin to serve...
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Gov: We’ll probe LIPA and othersBy ERIK KRISS and JOSH MARGOLINLocalGov. Cuomo has launched investigations into every state-licensed power utility in the region to determine how they performed after Hurricane Sandy.
“I’m going to do a thorough review/investigation, and they will be held accountable for past performance, and we have to make sure we are prepared for when...
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Lance is Livingwrong: Taunting photo as bike dope quits cancer postBy ANDY SOLTISInternational









Take them down and box them up, Lance.
Disgraced cyclist Lance Armstrong tweeted a brazen photo of himself on Saturday lying next to his seven ill-gained Tour de France victory jerseys — tokens of titles that were ultimately stripped from him due to doping allegations.
“Back in Austin and just layin...
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Apt. fire kills woman, 91By LORENA MONGELLI and JESSICA SIMEONE
Brooklyn
An elderly churchgoing woman was killed yesterday by a fire that swept through her Brooklyn apartment building, authorities said.Olga Bates, 91, a widow who relatives said was “very religious,” was found unconscious on the second floor of the Prospect Heights building and later died, cops said.“She was super...Tue, 13 Nov 2012 14:24:04 -0500http://www.nypost.com/p/news/local/brooklyn/apt_fire_kills_woman_MPr5HITDOrfa70gCuynMqN?utm_medium=rss&utm_content=
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Monthly MetroCards will not be reimbursed after SandyBy JENNIFER FERMINO, KENNETH GARGER and LEONARD GREENELocal



Chad Rachman/New York Post
GIVING IT A WHIRL: The Marine chopper scheduled to shuttle President Obama around the city Thursday takes off during a test run yesterday in Miller Field on Staten Island, where he'll meet Mayor Bloomberg.




Count your monthly MetroCard as a casualty of Hurricane Sandy...
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Petraeus helps whistleblower's 'unstable' twin in nasty custody fight By GEOFF EARLE, JEANE MACINTOSH and DAN MANGANNationalGen. David Petraeus sure loved helping his lady friends.
While he was director of the CIA, Petraeus wrote a letter supporting the child-custody fight of the “psychologically unstable” twin sister of his close friend Jill Kelley — whose bombshell claims of being threatened by his lover led to the top spy...
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WATCH: Girls go wild at 30 Rock for One Direction, announced 1st 3D movieBy AMY STRETTENLocal



Charles Sykes/Invision/AP
One Direction member Louis Tomlinson, left, performs on NBC's "Today" show.




The boys of One Direction are banking that their remarkable journey to fame has at least one more year of glory.
Moviegoers will get a 3D eyeful of the the wildly popular UK boy...
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Cheat heartsNational



Getty Images




Now all they have to do is kiss.
Kristen Stewart and Robert Pattinson looked as if they had made up last night for the premiere of “Twilight Saga: Breaking Dawn Part II.”
It was the former — and possibly current — couple’s first red-carpet appearance together since they split...
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Friends in grief: Families of tragic Flight 587 help storm victims in RockawaysBy DAVID SEIFMANLocalIt’s victims helping victims.
Families that lost loved ones when Flight 587 crashed in the Rockaways in 2001 are taking up a collection for residents of the battered shorefront community still struggling to recover from the devastation of Hurricane Sandy.
The poignant gesture will raise thousands, not millions. Most...
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Queens school’s student exodusBy YOAV GONEN and LIZ SADLERQueens



UPI
Debris from damaged homes lies piled up across the street from the shuttered PS 114 in Belle Harbor.





Hurricane Sandy scattered hundreds of students from one Queens school — to locales as far away as Nashville.
At least 230 students from Belle Harbor’s PS 114 have enrolled in public...
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Twist in Petraeus sex scandal: Afghanistan commander now probed for relationship with Jill KelleyBy TIM PERONE
National
In a shocking twist, the top US military commander in Afghanistan been caught up in the Petraeus sex scandal.
Marine Gen. John Allen is being investigated for “inappropriate communications” with Jill Kelley — the woman harassed by e-mails allegedly sent by David Petraeus’ mistress.
Allen, 58, who succeeded Petraeus as top...
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Christie facing GOP stormBy GERRY SHIELDS in DC and ERIK KRISS in AlbanyNational



AFP/Getty Images
BIG HIT: Gov. Chris Christie’s political aspirations are taking a hit over his warm embrace of President Obama after Hurricane Sandy ravaged New Jersey.





Fat chance for New Jersey Gov. Chris Christie’s White House aspirations in the wake of his post-Sandy bromance with President Obama...
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Hero’s blaze of glory: Bravest saves woman, 93By KIERAN CROWLEY
Local




Bill Kelly
NICK OF TIME: Rescuers aid Evelyn Ross yesterday after she was saved from her burning Long Island home by John Curley.





A Long Island firefighter who’s also one of the FDNY’s Bravest smashed a window of a burning Bellmore home with his bare hands and dragged...
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Red ‘devil’! Voice of Elmo in teen-sex shockerBy DAREH GREGORIANLocal



Chad Rachman/New York Post
DON'T TICKLE ME! Kevin Clash, with Muppet, Elmo, insists that his young accuser was of legal age when their “relationship” began.




Say it ain’t so, Elmo!
Kevin Clash — the puppeteer who transformed a furry red Muppet named Elmo into an international sensation — has...
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Beware: ObamaCare’s now realityBy BETSY McCAUGHEYOped ColumnistsPresident Obama’s re-election and Democratic gains in the US Senate end any possibility of repealing the Obama health law. It will roll out as written, imposing major changes soon on you and your family. If you are uninsured because you can’t afford it, help may be on the...Tue, 13 Nov 2012 03:44:05 -0500http://www.nypost.com/p/news/opinion/opedcolumnists/beware_obamacare_now_reality_YT42eCrsbtZC3KbDONGm4O?utm_medium=rss&utm_content=Oped Columnistshttp://www.nypost.com/p/news/opinion/opedcolumnists/beware_obamacare_now_reality_YT42eCrsbtZC3KbDONGm4O?utm_medium=rss&utm_content=Oped Columnists
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SI cops’ killer eyed as too dumb for deathBy MITCHEL MADDUX
Staten Island
They say he’s too dumb to die for his heinous crimes.
A federal judge has scheduled a series of hearings later this month for testimony about whether a man convicted of the execution-style murder of two undercover NYPD officers is mentally competent to face the death penalty — again.
Ronell...
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Stones ‘Start Up’ in B’klynBy ANDY SOLTISLocalIt’s official: The Rolling Stones are coming to Brooklyn.
The band added a show on Dec. 8, a Saturday, at Barclays Center, to their new tour.
Tickets will go on sale Monday at 10 a.m.
The show will be the first US date of their “The Stones — 50...
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Meet the ‘perfect’ NYC galBy ANDY SOLTISLocalThe perfect single New York City woman is a brown-eyed, nonsmoking, social-drinking brunette — with a master’s degree.And Gotham guys would be willing to spend $266.25 on a first date with their dream girl, according to a new survey by a sugar-daddy dating Web site.Some 5,000...Tue, 13 Nov 2012 03:42:16 -0500http://www.nypost.com/p/news/local/meet_the_perfect_nyc_gal_S6fL2vGSXseb87CkvlC5ZK?utm_medium=rss&utm_content=Localhttp://www.nypost.com/p/news/local/meet_the_perfect_nyc_gal_S6fL2vGSXseb87CkvlC5ZK?utm_medium=rss&utm_content=Local
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O critics rankled by ‘dicey timing’By GERRY SHIELDS and JOSH MARGOLIN
National
Whatever you do, don’t tell the boss.
White House aides appear to have gone out of their way to avoid informing President Obama about the Petraeus affair, and people in Washington want to know why.
“It’s way too convenient,” said Rep. Jason Chaffetz (R-Utah), a member of the...
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Obama keeps Holder as Attorney GeneralBy JOSH MARGOLINNationalPresident Obama is holding on to Eric Holder as the nation’s top law-enforcement official, The Post has learned.
The newly re-elected president asked his controversial attorney general to stay for the second term, and Holder has agreed despite enduring a firestorm of criticism from Republican lawmakers.
“I don’t...
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In Syria’s crossfireBy JOSEF FEDERMANInternationalJERUSALEM — An Israeli tank scored “direct hits” yesterday on a Syrian army vehicle after a mortar shell landed on Israeli-held territory, the military said, in the first direct confrontation between the countries since the Syrian uprising broke out.
Israel has tried to avoid getting sucked into the bloody Syrian conflict...
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Tech-mogul slay suspectBy RITA DELFINER
International
John McAfee, founder of the anti-virus software company, that bears his name, is being sought for questioning in the murder of a neighbor in Belize, local police said yesterday.
Cops want to talk to McAfee, 67 — who sold the company to Intel in 2010 for $7.7 billion — in connection...
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Mike’s ‘legacy list’ is Priority 1 for projectsBy SALLY GOLDENBERG
Local
When it comes to new development projects, the Bloomberg administration is closed for business.
That’s because the mayor’s people — with an eye toward his legacy — have carefully crafted a special list of high-profile priority projects to fast-track before Bloomberg’s third term ends in 14 months, putting all...
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Hardhat’s downer: 9/11 impotence claimBy BRUCE GOLDINGManhattanSeptember 11 changed everything for this hardhat — including his sex life.
A construction worker who breathed “toxic smoke and fumes” while working five weeks at Ground Zero said he was left with a litany of ailments, including erectile dysfunction.
Steven O’Hara of upstate Wingdale clocked 12-hour days monitoring the...
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Conservatives propose BamCare cuts in ‘cliff’ talksBy GERRY SHIELDS, Post CorrespondentNationalWASHINGTON — President Obama will have to give to get.
Opponents of Obama’s signature health-care law are pushing for costs of the plan to be part of the negotiations over preventing the so-called fiscal cliff, while supporters are trying to keep cuts off the table.
Obama will begin a series...
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NYPD Daily BlotterBy DOUG AUER, KIRSTAN CONLEY, JESSICA SIMONENYPD BlotterManhattan

A serial bank robber was done in when a detective recognized his mug from a prior arrest, law-enforcement sources said.
Robert Connolly, 54, allegedly scored $3,495 from the Valley National Bank on Fourth Avenue near East 12th Street on Oct. 10 by handing a teller a demand note...
Tue, 13 Nov 2012 02:10:54 -0500http://www.nypost.com/p/news/local/nypd_blotter/nypd_daily_blotter_Qd7KReLrQOOYBsktG8wwyN?utm_medium=rss&utm_content=NYPD Blotterhttp://www.nypost.com/p/news/local/nypd_blotter/nypd_daily_blotter_Qd7KReLrQOOYBsktG8wwyN?utm_medium=rss&utm_content=NYPD Blotter
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Hydrant rule is all wet: polBy SALLY GOLDENBERG
Local
This parking rule must be from the age of horse and buggy.
A city councilman is looking to revamp a law that allows cars to park 15 feet from hydrants in a no-standing zone while dropping off or picking up a passenger, as long as the driver is in the...
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Sad last salute for upstate GI
Local
ALDEN, NY — Mourners overflowed a church in western New York on Veterans Day to pay tribute to a US Army reservist killed by a roadside bomb in Afghanistan.The funeral for Sgt. Brett Gornewicz, 27, of Alden, 20 miles east of Buffalo, was standing room only at St. John’s...Tue, 13 Nov 2012 02:05:29 -0500http://www.nypost.com/p/news/local/sad_last_salute_for_upstate_gi_CivnYogagaWX1drAnFdpaP?utm_medium=rss&utm_content=
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Wanton thief a wonton thief
National
WEST HARTFORD, Conn. — A man stole a car used to deliver Chinese food — then continued dropping off orders so he could keep the customers’ money, police said.Keith Hinds, 45, was charged Friday with larceny and other charges.West Hartford police received a call from a Chinese-food delivery driver reporting...Tue, 13 Nov 2012 01:58:37 -0500http://www.nypost.com/p/news/national/wanton_thief_wonton_thief_MLLQG0w6ZKfABUZ2r1DLEI?utm_medium=rss&utm_content=
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NJ has had fill of rationingBy LEONARD GREENELocalFill ’er up!New Jersey will end its gas-rationing policy today now that pressure at the pump has been eased. Gov. Chris Christie says that gas supplies are plentiful throughout the Garden State and that there are no more lines of cars waiting for fuel.Christie imposed the odd-even restrictions...Tue, 13 Nov 2012 01:54:36 -0500http://www.nypost.com/p/news/local/nj_has_had_fill_of_rationing_4vOcrLiDuB4zPGPTdp7ArM?utm_medium=rss&utm_content=Localhttp://www.nypost.com/p/news/local/nj_has_had_fill_of_rationing_4vOcrLiDuB4zPGPTdp7ArM?utm_medium=rss&utm_content=Local
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Wynner is now ‘lo$er’By ANTHONY MCCARTNEYNationalLOS ANGELES — A judge has cut by more than half the $40 million jury verdict that casino mogul Steve Wynn was recently awarded against “Girls Gone Wild” founder Joe Francis.
The ruling by Los Angeles Superior Court Judge Joanne O’Donnell on Friday eliminates $20 million in punitive damages the...
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Comptroller cronies Liu-sers in courtBy JOSH SAULLocalThis “long shot” fell way short.
Embattled city Comptroller John Liu suffered another setback yesterday when two of his key fund-raisers charged with fraud saw their motions to suppress certain evidence and dismiss the case slapped down by a federal judge.
Liu campaign treasurer Jia “Jenny” Hou moved to suppress...
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Carrión to run for mayor – as GOPerBy DAVID SEIFMANLocalFormer Bronx Borough President Adolfo Carrión (pictured) is planning to enter the 2013 mayoral race — but as a Republican, not a Democrat, according to political sources.
Carrión, 51, who served briefly in the Obama administration, has quietly changed his voter registration from Democrat to independent and hopes to run on...
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Time to tell the truthEditorialsDavid Petraeus served the United States of America with honor and distinction for nearly four decades.
Then he stumbled. That much is clear.
But everything else about L’affaire Petraeus is a jumbled mess, and the best advice for anyone trying to make sense of it is really quite simple...
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Good gas news in JerseyEditorials“The power restoration and fuel-delivery efforts of the past two weeks have allowed lines to subside, lessening the need for this type of rationing system. Now is an appropriate time to end it.” — Kevin Roberts, spokesman forGov. Chris Christie, announcing that post-Sandy
gas rationing would end in New Jersey at...
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Keep Alan on iceEditorialsFormer state Comptroller Alan Hevesi comes up for his initial parole hearing this week, perhaps today, having served 18 months of a one-to-four-year sentence for a “pay-to-play” scheme involving state pension-fund investments.
Hevesi’s corruption conviction ended his three-decade service on the public payroll, including membership in the state Assembly...
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No bail for son in mom-slay horrorBy LAURA ITALIANO
Manhattan
The man charged with fatally stabbing his mother and slashing and trying to incinerate his brother in their East Harlem apartment was held without bail at his arraignment yesterday. David Elias, 31, was led from Manhattan Criminal Court to jail yesterday, staggering and swaying in his handcuffs and leg chains...Tue, 13 Nov 2012 01:18:25 -0500http://www.nypost.com/p/news/local/manhattan/no_bail_for_son_in_mom_slay_horror_CG5djb2vLZivpXDfriPyaN?utm_medium=rss&utm_content=
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Super Bowl’s VIP air gameBy JOSH MARGOLIN
Local
The most touchdowns at the first Super Bowl hosted at the Meadowlands will be scored by rich fans flying in via private jet.An $11 million private air terminal is quietly being constructed at Newark Airport to lure the jet set that is sure to converge for the 2014 Super...Tue, 13 Nov 2012 01:16:40 -0500http://www.nypost.com/p/news/local/super_bowl_vip_air_game_SAahfvJHkTT6AQScwrXzgL?utm_medium=rss&utm_content=
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$100M suit vs. Beyoncé OK’dBy DAREH GREGORIANNationalBeyoncé might be summoned to a command performance — singing under oath.A state appeals court has given a $100 million lawsuit against the “Single Ladies” singer the green light, paving the way for the superstar to testify at a deposition.In a unanimous decision, the Appellate Division denied a bid...Tue, 13 Nov 2012 01:16:04 -0500http://www.nypost.com/p/news/national/suit_vs_beyonce_ok_sLXAJWL9NJGcBAUlSFRD2K?utm_medium=rss&utm_content=Nationalhttp://www.nypost.com/p/news/national/suit_vs_beyonce_ok_sLXAJWL9NJGcBAUlSFRD2K?utm_medium=rss&utm_content=National
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Bents best SEC in ‘broken buck’ caseBy KAJA WHITEHOUSEBusinessThe Securities and Exchange Commission yesterday suffered yet another defeat in its efforts to hold Wall Street accountable for losses stemming from the financial meltdown after a Manhattan jury cleared a father-son team of misleading investors to avoid a run on the bank in 2008.
After more than two days...
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Leucadia snaps up Jefferies for $4BBy MARK DECAMBREBusinessWall Street’s damsels are turning to white knights.
In the latest move, Jefferies Group yesterday agreed to be scooped up by investing conglomerate Leucadia National Corp. for nearly $4 billion.
The acquisition will place Jefferies CEO Rich Handler, 51, in the unique position at the helm of his firm...
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Hostess’ reprieve in PhillyBy JOSH KOSMANBusinessThe Philadelphia Hostess plant that supplies New York City is running again after a strike by the bakers’ union temporarily halted production.
Hostess pulled in management from other areas to restart the plant, which came to a halt when workers refused to cross a picket line, according to a source...
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Windows boss exitsBusinessMicrosoft said that Steven Sinofsky, president of its Windows and Windows Live operations, is leaving the company.
Company veteran Julie Larson-Green has been promoted to lead all Windows software and hardware engineering.
The company did not say why Sinofsky is leaving...
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Glitch KOs NYSE stoxBusiness Nyse Euronext yesterday suspended trading in more than 200 stocks on the New York Stock Exchange due to a technical problem with a server, though the stocks in question were still trading actively on other markets. There will be no closing auctions in the affected stocks, and a list of...Tue, 13 Nov 2012 01:14:19 -0500http://www.nypost.com/p/news/business/glitch_kos_nyse_stox_OC2YgVD59Vn5NWlwPETvWM?utm_medium=rss&utm_content=Businesshttp://www.nypost.com/p/news/business/glitch_kos_nyse_stox_OC2YgVD59Vn5NWlwPETvWM?utm_medium=rss&utm_content=Business
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JCPenney shares pummeledBy JAMES COVERTBusinessThere’s a sale at JCPenney — on its stock, that is.Shares of the struggling department-store chain plunged 13 percent to their lowest levels since 2009, as Wall Street grew increasingly anxious about CEO Ron Johnson’s controversial turnaround strategy.Analysts cut their ratings on Penney shares and slashed profit...Tue, 13 Nov 2012 01:14:19 -0500http://www.nypost.com/p/news/business/jcpenney_shares_pummeled_O2WHoiBpD42vaH714T88IJ?utm_medium=rss&utm_content=Businesshttp://www.nypost.com/p/news/business/jcpenney_shares_pummeled_O2WHoiBpD42vaH714T88IJ?utm_medium=rss&utm_content=Business
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MF report coming
Business
A US House of Representatives panel will release a long-awaited report that will dissect the collapse of failed commodities brokerage MF Global. The House Financial Services Committee said its Subcommittee on Oversight and Investigations will post the report online Thursday...Tue, 13 Nov 2012 01:14:19 -0500http://www.nypost.com/p/news/business/mf_report_coming_ANHcEBtjU2dT4U78XqNbZI?utm_medium=rss&utm_content=
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Warner makes Sony/ATV moveBy CLAIRE ATKINSONBusinessWarner Music Group has joined the bidders for a Sony/ATV music publishing catalog with the rights to some 30,000 songs, The Post has learned. The Rosetta catalog, which is heavy on ’80s hits from artists like Bryan Ferry, Devo and Tears for Fears, has already attracted attention from...Tue, 13 Nov 2012 01:14:19 -0500http://www.nypost.com/p/news/business/warner_makes_sony_atv_move_eofTPxpJrrddMlsREtTjCI?utm_medium=rss&utm_content=Businesshttp://www.nypost.com/p/news/business/warner_makes_sony_atv_move_eofTPxpJrrddMlsREtTjCI?utm_medium=rss&utm_content=Business
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Weird but true
Weird But True
When people say it’s a pain to figure out a budget or decide how big a tip to leave in a restaurant, they may be telling the truth.
Researchers at the University of Chicago have found that doing math can cause physical pain.
Solving a tough math problem activates...
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A rough landing: New Times CEO faces twin threats on first dayBy KEITH J. KELLYBusinessThere was no warm welcome for New York Times CEO Mark Thompson.
The former BBC director general and editor-in-chief spent his first day on the job dealing with the fallout from a deepening crisis at his former employer and turmoil within the Times.
Thompson, who declined to be interviewed by...
Tue, 13 Nov 2012 01:12:25 -0500http://www.nypost.com/p/news/business/rough_landing_AtDov5VVAuHq8qOxO6gynO?utm_medium=rss&utm_content=Businesshttp://www.nypost.com/p/news/business/rough_landing_AtDov5VVAuHq8qOxO6gynO?utm_medium=rss&utm_content=Business
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Long Island’s short temper and Cuomo’s LIP(A) serviceLettersThe Issue: Gov. Cuomo’s responsibility for LIPA’s efficiency after Hurricanes Irene and Sandy.
***
The Post documents Gov. Cuomo’s failure to fix the Long Island Power Authority after Hurricane Irene very well (“Cuomo’s LIPA Fail,” Editorial, Nov. 10).
The governor has been publicly critical of LIPA, which...
Tue, 13 Nov 2012 01:09:16 -0500http://www.nypost.com/p/news/opinion/letters/long_island_short_temper_and_cuomo_6Qumsn1RZx92gkezY0Ti0I?utm_medium=rss&utm_content=Lettershttp://www.nypost.com/p/news/opinion/letters/long_island_short_temper_and_cuomo_6Qumsn1RZx92gkezY0Ti0I?utm_medium=rss&utm_content=Letters
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GOP self-delusionBy RICH LOWRYOped ColumnistsNo sooner had the electoral thundercloud arrived last Tuesday than some Republicans began searching it for a silver lining. It is an understandable impulse after a defeat to want to minimize its magnitude and rationalize away its causes.
But there are no comforting augurs for Republicans in President Obama’s...
Tue, 13 Nov 2012 01:08:43 -0500http://www.nypost.com/p/news/opinion/opedcolumnists/gop_self_delusion_eq6wROHRDLJz1TITCnPnsM?utm_medium=rss&utm_content=Oped Columnistshttp://www.nypost.com/p/news/opinion/opedcolumnists/gop_self_delusion_eq6wROHRDLJz1TITCnPnsM?utm_medium=rss&utm_content=Oped Columnists
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When our role models let us downBy JOHN PODHORETZOped ColumnistsDavid Petraeus, who might have been the most respected man in America, has resigned due to a personal scandal that threatens to turn into a national-security scandal.
Kevin Clash, who took a piece of red cloth and with mysterious alchemy turned it into the most popular character for small children...
Tue, 13 Nov 2012 01:08:43 -0500http://www.nypost.com/p/news/opinion/opedcolumnists/when_our_role_models_let_us_down_Kq1rDnpcercJIfoUNZxsVL?utm_medium=rss&utm_content=Oped Columnistshttp://www.nypost.com/p/news/opinion/opedcolumnists/when_our_role_models_let_us_down_Kq1rDnpcercJIfoUNZxsVL?utm_medium=rss&utm_content=Oped Columnists
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King David’s big fallBy ARTHUR HERMANOped ColumnistsEven Brad Thor couldn’t come up with a juicier storyline.FBI agents discover secret e-mails proving that the CIA director, a revered war hero and possible future presidential candidate, is having an affair with his biographer-turned- femme fatale. He then resigns just days before he’s supposed to give...Tue, 13 Nov 2012 01:08:43 -0500http://www.nypost.com/p/news/opinion/opedcolumnists/king_david_big_fall_wPoodkvEhZ2FezjP0sJwhK?utm_medium=rss&utm_content=Oped Columnistshttp://www.nypost.com/p/news/opinion/opedcolumnists/king_david_big_fall_wPoodkvEhZ2FezjP0sJwhK?utm_medium=rss&utm_content=Oped Columnists
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US holds on to UN panel seat
International
The United States yesterday joined Germany and Ireland in winning re-election to the UN Human Rights Council.There were three seats available to represent the council’s Western Group. The other two contestants, Greece and Sweden, failed to garner sufficient votes from the General Assembly’s 193 members.US Ambassador...Tue, 13 Nov 2012 00:57:47 -0500http://www.nypost.com/p/news/international/us_holds_on_to_un_panel_seat_07BsIBdLr4c6kpmbl0ShVO?utm_medium=rss&utm_content=
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Hammer attack on shrinkBy LARRY CELONA and NATASHA VELEZ
Local
A deranged man yesterday attacked a Manhattan psychiatrist with a sledgehammer and knife in his home office, police said.Michael Weiss, 38, was meeting with Jacob Nolan in his 12th-floor office on West 57th Street at about 10.25 a.m. when Nolan apparently snapped and bashed him with the...Tue, 13 Nov 2012 00:54:01 -0500http://www.nypost.com/p/news/local/hammer_attack_on_shrink_gXQKMf5fqqCz3pM9GUsSPK?utm_medium=rss&utm_content=
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UN asked to free bond boatBusinessBUENOS AIRES — Argentina will ask a UN court to order the release of a navy sailing ship seized in Ghana unless the African country releases today, officials announced.The ARA Libertad training ship was seized on Oct. 2 in the port of Tema as collateral for unpaid bonds dating from...Tue, 13 Nov 2012 00:27:57 -0500http://www.nypost.com/p/news/business/un_asked_to_free_bond_boat_iQcg18IyPj1GXHDp0vBUPL?utm_medium=rss&utm_content=Businesshttp://www.nypost.com/p/news/business/un_asked_to_free_bond_boat_iQcg18IyPj1GXHDp0vBUPL?utm_medium=rss&utm_content=Business
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Greece gets reprieveBusiness Greece’s lenders agreed to give the debt-ridden country two more years to make the cuts demanded of it, but the euro zone and IMF clashed over a longer-term target date to shrink debt. Euro zone finance ministers did not disburse more aid and by granting a request for more...Tue, 13 Nov 2012 00:27:55 -0500http://www.nypost.com/p/news/business/greece_gets_reprieve_WSgm4SzzLWMAvhwc0qRMxJ?utm_medium=rss&utm_content=Businesshttp://www.nypost.com/p/news/business/greece_gets_reprieve_WSgm4SzzLWMAvhwc0qRMxJ?utm_medium=rss&utm_content=Business
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Google facing FTC ultimatumBusiness Google is being pressed by Federal Trade Commission Chairman Jonathan Leibowitz to offer to resolve the agency’s antitrust investigation in the next few days or face a lawsuit, two people familiar with the matter said.
Google has been in discussions with the agency for about two weeks and hasn...
Tue, 13 Nov 2012 00:27:53 -0500http://www.nypost.com/p/news/business/google_facing_ftc_ultimatum_6yZRnNFKmKWTvokbzVwxRK?utm_medium=rss&utm_content=Businesshttp://www.nypost.com/p/news/business/google_facing_ftc_ultimatum_6yZRnNFKmKWTvokbzVwxRK?utm_medium=rss&utm_content=Business
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NBCU lays off 450, shakes up ‘Today’By CLAIRE ATKINSONBusinessComcast’s NBCUniversal is laying off hundreds of staff in another round of belt-tightening.
The pink slips will take place across the board and will affect about 450 employees, or 1.5 percent of the total staff, according to insiders.
Earlier this year, NBC cut about two dozen staffers on...
Tue, 13 Nov 2012 00:27:05 -0500http://www.nypost.com/p/news/business/nbcu_lays_off_shakes_up_today_wxJULsc78DowCQReG59MfK?utm_medium=rss&utm_content=Businesshttp://www.nypost.com/p/news/business/nbcu_lays_off_shakes_up_today_wxJULsc78DowCQReG59MfK?utm_medium=rss&utm_content=Business
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Savanna’s 17th St. sojournBy STEVE CUOZZOCommercialSavanna is adding two loft-style Chelsea office buildings to its growing collection — 245 and 249 W. 17th St.
The aggressive real estate private-equity and asset management firm just bought the properties from the Pressman family for a price not yet disclosed. The buildings have a combined 284,000 square feet...
Mon, 12 Nov 2012 23:54:12 -0500http://www.nypost.com/p/news/business/realestate/commercial/savanna_th_st_sojourn_i08BYDET6bPnLtVduGlO4M?utm_medium=rss&utm_content=Commercialhttp://www.nypost.com/p/news/business/realestate/commercial/savanna_th_st_sojourn_i08BYDET6bPnLtVduGlO4M?utm_medium=rss&utm_content=Commercial
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Traders limber up for their race to the exitsBy JOHN CRUDELEBusinessIn my column last Thursday I wrote you an upbeat, patriotic song to make you feel better. Today, I’m going to make you feel lousy again.And I’m going to bore you as well. (Hey, no need to thank me.)This column is about the stock market and...Mon, 12 Nov 2012 23:32:53 -0500http://www.nypost.com/p/news/business/traders_limber_up_for_their_race_ALiKcXCkrRkcqFvXsmJGbP?utm_medium=rss&utm_content=Businesshttp://www.nypost.com/p/news/business/traders_limber_up_for_their_race_ALiKcXCkrRkcqFvXsmJGbP?utm_medium=rss&utm_content=Business
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Business briefsBusinessDown on oilHedge funds trimmed bullish bets on crude to the lowest in more than two years as demand fell in the wake of Hurricane Sandy, production increased to the highest since 1994 and President Barack Obama won re-election.BB10 dateResearch in Motion plans to introduce its new BlackBerry 10...Mon, 12 Nov 2012 23:28:02 -0500http://www.nypost.com/p/news/business/business_briefs_U7VcZrzblc0F7nAITqBuJK?utm_medium=rss&utm_content=Businesshttp://www.nypost.com/p/news/business/business_briefs_U7VcZrzblc0F7nAITqBuJK?utm_medium=rss&utm_content=Business
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