Legal challenges to New York City’s congestion pricing plan threaten to delay much-needed repairs to the city’s century-old transit system, the Metropolitan Transportation Authority said. The authority on Monday cautioned that repairs on elevated rail lines, upgrades on substations to keep power running and maintaining shop and yard facilities — all deemed state-of-good-repair work —
Norton Rose Fulbright hired public finance lawyers Alison Radecki as a partner and Helen Pennock as a senior counsel. Both will work in the firm’s New York City office and formerly worked at Orrick, Herrington & Sutcliffe. They are licensed to practice in New York. Radecki has more than two decades of experience helping issuers
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Red Bull said the complaint against Formula One team boss Christian Horner had been dismissed after a barrister-led investigation into allegations of inappropriate behaviour against a female employee. The energy drinks company, which owns the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. MPs and campaigners have accused the government of a “shameful” attempt to delay payments to victims of the infected blood scandal to give itself “fiscal wriggle room” for tax cuts in the Budget. Dame Diana
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Lawyers for Newcastle United football club director Amanda Staveley asked a High Court judge on Wednesday to set aside a Greek shipping magnate’s multimillion-pound demand against her as an “abuse of process”. Staveley’s barrister told
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Financial adviser St James’s Place could use some guidance itself — of the legal variety. Otherwise unexceptional full-year results included yet another blow for its shareholders. SJP, already forced to overhaul its business model thanks
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Just Eat Takeaway has declared a €1.5bn impairment charge from past acquisitions as the online food delivery group bore the cost of buying rivals in its push to become the biggest in the sector in
In this article FSLR Follow your favorite stocksCREATE FREE ACCOUNT A solar field is seen on site at First Solar in Perrysburg, Ohio July 8, 2022. Picture taken with drone. Megan Jelinger | Reuters First Solar shares jumped Wednesday after reporting another solid quarter, with the company booked solid through 2026 and an order backlog
New Jersey Gov. Phil Murphy Tuesday unveiled a $55.9 billion budget proposal for fiscal 2025 that would impose a new Corporate Transit Fee on the state’s largest and wealthiest corporations to create a “new, dedicated, and permanent funding stream” for NJ Transit. The fee, which would affect about 600 companies with net taxable income greater
As the climate change debate continues, and with a potentially strong hurricane season forecast, Municipal Market Analytics said states may be forced to intercede in private insurance markets. “A year of hypothetically larger catastrophic and secondary natural disasters would renew pressure on the states to intervene more directly in their private insurance markets to minimize
The Biden administration is expected to announce a $1.5 billion federal loan to repower a shuttered Michigan nuclear plant, marking a first for the U.S. as the administration’s seeks to move the country toward 100% carbon-free power in the coming decades. The Palisades power plant in southwest Michigan, owned now by Holtec International, was decommissioned
Colleges of all stripes are facing a much-discussed “demographic cliff,” with enrollment numbers already declining at many institutions. Multiple private colleges have seen downward outlook revisions from credit rating agencies due to declining enrollment and its attendant drop in tuition revenue combined with high debt levels. Yet public universities and community colleges in the Midwest
An open letter to our stakeholders: Recently, the MSRB withdrew its 2024 rate card fee filing with the SEC. This action raised questions like: Why did this happen? What does it mean for the market? What’s next? These are all important questions, and the purpose of this letter is to explain recent events, their impact
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A man who was until recently Conservative deputy chair accuses London’s mainstream Muslim mayor of being controlled by Islamists. A former Tory prime minister sits mutely on a US platform as her host describes a
Stay informed with free updates Simply sign up to the US politics & policy myFT Digest — delivered directly to your inbox. The standard history of great powers’ decline is that they overextend and go bankrupt. Nothing of the sort is happening to the US. America might be morally exposed to overseas conflicts that lack
Thianchai Sitthikongsak | Moment | Getty Images Higher mortgage rates continue to hit demand from both current homeowners and potential homebuyers. Total mortgage application volume dropped 5.6% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. An additional adjustment was made to account for the Presidents Day holiday. The
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. “You ain’t a beauty, but hey you’re alright,” sings Bruce Springsteen in his 1975 anthem Thunder Road. “Oh, and that’s alright with me.” This iconic tune from New Jersey’s unofficial poet laureate sprang to mind
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Alexei Navalny will buried in Moscow on Friday, with a memorial service set to take place in the neighbourhood where he lived for many years, according to the late Russian opposition leader’s team. The anti-corruption
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. Ursula von der Leyen said windfall profits from Russian frozen assets should be used to buy weapons for Ukraine as discussions intensified between European allies about how to continue supporting the war-torn country. “It
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Wealth manager St James’s Place has announced a £426mn provision for potential client refunds and slashed its dividend, sending shares in the group down almost a third in early trading on Wednesday. The group said
This article is an on-site version of our Unhedged newsletter. Sign up here to get the newsletter sent straight to your inbox every weekday Good morning. Here at Unhedged we get a fair amount of mail from readers who think we are wrong. It doesn’t often come from the chief executive of a company we’ve