State New York Financial News

frozen lake and swimming laps may not be everyone's good time but for winter swimmers who return year after year to a northern Vermont lake near the Canadian border, there's nothing better. The 10th annual Memphremagog Winter Swimming Festival kicked off Friday with the 200-meter (218-yard) freestyle race in a narrow pool cut from the ice. But the festivities started Thursday and on Friday morning some of the 180 participants swam a lap wearing a decorated hat. «It was amazing. It's the highlight of my year,» said Andie Nelson, of Arlington, Virginia, after swimming 25 meters (27 yards) in the hat competition. «It makes me happy.»

By Jonathan Stempel and Jack Queen

By Jonathan Stempel

Zombie deer disease" has put scientists on alert. It has 100 per cent fatality rate and so far there is no vaccine. Concerns have been raised over its potentiality to cause infection among humans, as per a report. As many as 33 states in the US have reported such cases. Apart from the US, instances of the disease have been reported in South Korea, Canada, and Norway.

The Biden administration says that the government would provide $1.5 billion to the computer chip company GlobalFoundries to expand its domestic production in New York and Vermont

By Doina Chiacu

Sneaker Con: How is Donald Trump going to pay $355 million fine? $399 at a time Judge Arthur Engoron said the financially shattering penalties are justified by Trump's behavior. Trump's sons Eric and Donald Trump Jr.

The New York State Common Retirement Fund plans to restrict its investments in Exxon Mobil Corp. and seven other oil and gas companies after reviewing their efforts to shift to a low-carbon economy.

By Seher Dareen and Ross Kerber

The momentum of consolidation across the wealth management industry showed no signs of ebbing coming into 2024, according to a new report from Fidelity.

By Akash Sriram

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Yotel is in advanced discussions and is evaluating opportunities to hopefully sign its maiden hotel project in India this year, said its chief executive Hubert Viriot. In an interview to ET, he said, “The population density, the growth in domestic and international travel are factors that are conducive for us to be successful in India. Apart from looking at specific projects, we are also in advanced discussions with a number of groups for potential partnerships here. I am quite confident that we should succeed this year, and that we should be able to announce our first partnership here this year.” Yotel has hotels around airports and city centres in markets such as Singapore, London, New York, Istanbul, San Francisco, Washington DC and Paris. Backed by the Al-Bahar Group and Starwood Capital Group, it works with private equity funds, pension funds and real estate developers to build hotels that it claims are designed for 'Generation Go' or young professionals on the move.

(Reuters) — GlobalFoundries (NASDAQ:GFS) forecast first-quarter results below Wall Street estimates on Tuesday, as the contract chipmaker faces competition from larger rivals while a supply glut persists in certain pockets of the semiconductor industry.

Plenty of retailers and suppliers are reducing the variety of their offerings to focus instead on what they think will sell best

By Wayne Cole

Goldman Sachs Group Inc. was sued by a Hollywood business management firm that claims it was strung along as a mergers and acquisitions client while the bank pursued a much larger $7 billion deal with a private equity firm.

A New Brunswick man has received a 12-year prison sentence for trying to entice and coerce a 10-year-old child into sexual activity in the United States.

A performer who appeared naked in a show by world-renowned performance artist Marina Abramovic is suing New York City’s Museum of Modern Art, saying it failed to take action after he was sexually assaulted multiple times by attendees during performance...

By Steve Gorman

Kansas City Chiefs will play Buffalo Bills today. This will be third occasions in four years that both teams square-off in the post-season. Kansas City Chiefs versus Buffalo Bills game will be played on Sunday, January 21 at Highmark Stadium, Orchard Park, New York. The kick off is scheduled at 6.30 pm (ET).