Hedge Funds Plan Extreme Lengths to Protect Staff After Lockdown

One hedge fund may shut an office in Asia permanently and have employees work from home. Another may dramatically shrink its Manhattan headquarters. Meanwhile, industry titan Millennium Management has a 50-point checklist for reopening offices that includes air filtration and an application process for staff who want to come in. Around town, rivals are discussing procuring infrared temperature scanners for […]

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New York obtains student loan debt relief fraud settlements

NEW YORK (Reuters) – New York’s attorney general said on Friday she has settled a lawsuit against three companies accused of tricking struggling borrowers into paying more than $1,000 for student loan debt relief services that were available for free. Attorney General Letitia James said the accord permanently bans Debt Resolve Inc, Progress Advocates LLC, Student Loan Care LLC and […]

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New York manufacturing activity improves in May, but still in contraction

Manufacturing will lead to coronavirus economic recovery: National Association of Manufacturers CEO National Association of Manufacturers President and CEO Jay Timmons discusses reopening manufacturing nationwide and following safety guidelines as a step towards economic recovery. Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below Economic activity of manufacturers in New […]

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Trump Stops Short of Quarantine Threat Against NY, NJ and CT

We’re tracking the latest on the coronavirus outbreak and the global response. Sign up here for our daily newsletter on what you need to know. President Donald Trump backed away from imposing a quarantine for New York and parts of New Jersey and Connecticut to stop the spread of Covid-19, after floating the idea on isolating those hard-hit areas earlier […]

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China Revokes Press Credentials for U.S. Reporters from NYT, WSJ

China will effectively expel a group of U.S. journalists and prohibit them from relocating to work in Hong Kong or Macau as a tit-for-tat over media access between the two countries expands. China’s foreign ministry on Tuesday said some reporters at the New York Times, Wall Street Journal and Washington Post must hand in their media cards within 10 days […]

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