SEC ignored early warnings about Albany brokerage McGinn, Smith & Co.
A California businessman warned federal regulators and New York law enforcement officials six years ago about possible fraud at Albany brokerage McGinn, Smith & Co., whose co-founders were indicted last month in the region’s largest financial fraud case.
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SEC ignored early warnings about Albany brokerage McGinn, Smith & Co.
CEO pay averages $146,860 in Albany area
Northern California and the New York region offer the best opportunities to wield corporate power-and to draw corporate-sized paychecks.
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CEO pay averages $146,860 in Albany area
NY, California hitting up millionaires, again
Hollywood moguls and Manhattan stock brokers are facing a slap by the Occupy Wall Street movement as California and New York again target high-wage earners to address a continued fiscal crisis in the states.
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NY, California hitting up millionaires, again
‘Occupy Fever’ spreads to Albany
From California to the Capital Region, what began in American’s commerce capital of Wall Street has sprouted into the streets of Albany.
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‘Occupy Fever’ spreads to Albany
Fitch Affirms Los Angeles County Flood Control District, CA’s ‘AAA’ Rating; Outlook Stable
SAN FRANCISCO–(BUSINESS WIRE)–Fitch Ratings has affirmed its ‘AAA’ rating on the following Los Angeles County Flood Control District, California (the district), bonds: –$38 million refunding revenue bonds series 2003A; –$15.8 million revenue bonds series 2005A. The Rating Outlook is Stable. SECURITY The bonds are secured by installment purchase payments made by the district to the Los Angeles County Public Works Financing Authority. Payments are absolute and unconditional obligations of the
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Fitch Affirms Los Angeles County Flood Control District, CA’s ‘AAA’ Rating; Outlook Stable
Fitch Downgrades Lynwood Public Financing Authority CA’s Lease Revs to ‘BBB+’; Outlook Stable
SAN FRANCISCO–(BUSINESS WIRE)–In the process of routine surveillance, Fitch Ratings has downgraded Lynwood Public Finance Authority, California’s bonds as follows: –$5.7 million lease revenue refunding bonds (public capital improvement project), series 2003A to ‘BBB+’ from ‘A’;–$9 million lease revenue bonds (civic center improvement project), series 2010A to ‘BBB+’ from ‘A’. Additionally, Fitch assigns an ‘A-’ implied general obligation rating. The Rating Outlook is Stable. KEY RATING DRIVE
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Fitch Downgrades Lynwood Public Financing Authority CA’s Lease Revs to ‘BBB+’; Outlook Stable
Fitch Affirms Riverside PFA, CA’s 2007 Series C&D TABS at ‘BBB+’; Outlook Negative
SAN FRANCISCO–(BUSINESS WIRE)–In the process of routine surveillance, Fitch Ratings has affirmed Riverside Public Financing Authority, California’s tax allocation bonds (TABs) as follows: –$89.1 million 2007 series C TABs (Arlington, Magnolia Center, Hunter Park/Northside/University Corridor/Sycamore Canyon Merged, La Sierra/Arlanza Redevelopment Project) at ‘BBB+’; –$40.6 million 2007 series D TABs (Arlington, Magnolia Center, Hunter Park/Northside/University Corridor/Sycamore Canyon Merged
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Fitch Affirms Riverside PFA, CA’s 2007 Series C&D TABS at ‘BBB+’; Outlook Negative
Fitch Rates University of California General Rev Bonds ‘AA+/F1+’; Outlook Stable
NEW YORK–(BUSINESS WIRE)–Fitch Ratings assigns the following ratings to general revenue bonds (GRBs) to be issued by the Regents of the University of California (the regents) for the benefit of University of California (UC or the university): –$400.0 million 2011 series Y-1 (taxable floating rate notes) ‘AA+/F1+’; –$100.0 million 2011 series Y-2 (taxable floating rate notes) ‘AA+/F1+’; –$100.0 million 2011 series Z-1 (taxable variable rate demand bonds) ‘AA+/F1+’; –$50.0 million 2011 serie
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Fitch Rates University of California General Rev Bonds ‘AA+/F1+’; Outlook Stable
PCQ and PNF Report Results for the Fiscal Quarter and Year Ended April 30, 2011
NEW YORK–(BUSINESS WIRE)–PIMCO California Municipal Income Fund (NYSE: PCQ) and PIMCO New York Municipal Income Fund (NYSE: PNF) (the “Funds”) today announced their results for the fiscal quarter and year ended April 30, 2011. The Funds are non-diversified closed-end management investment companies. The investment objective of each Fund is to provide current income exempt from federal income tax. California Municipal Income Fund also seeks to provide current income exempt from California state
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PCQ and PNF Report Results for the Fiscal Quarter and Year Ended April 30, 2011
Fitch Affirms Madera Unified School District, CA’s GOs at ‘AA-’ & COPs at ‘A+’; Outlook Stable
SAN FRANCISCO–(BUSINESS WIRE)–Fitch Ratings takes the following rating actions on Madera Unified School District, CA (the district) as part of its continuous surveillance effort: –$73.5 million general obligation bonds (GOs) affirmed at ‘AA-’; –$17.5 million certificates of participation (COPs) affirmed at ‘A+’. The Rating Outlook is Stable. RATING RATIONALE: –Like most California public school districts, the district is highly dependent upon revenues that are apportioned by the state, and
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Fitch Affirms Madera Unified School District, CA’s GOs at ‘AA-’ & COPs at ‘A+’; Outlook Stable
