Archive for April 11th, 2016

New York City Merging Agencies for Homeless and Welfare Services

Monday, April 11th, 2016:

Citing duplication, inefficiency and the need for a “new vision” to combat homelessness, Mayor Bill de Blasio announced on Monday that the New York City agencies for homeless services and welfare will consolidate under a single commissioner. Steven Banks, currently the commissioner of the Human Resources Administration, the city’s welfare agency, will now manage both agencies as the commissioner of the Social Services Department — a job he has essentially been doing since the homeless-services chief resigned amid a shake-up in December. Mr. Banks said the consolidation would save an estimated $38 million through streamlining and the elimination of redundancy […] Read More →

New York Port Shoots for No. 1 Spot

Monday, April 11th, 2016:

Updated April 11, 2016 7:54 p.m. ET New York’s port has long played second fiddle to the busier container terminals outside Los Angeles. The Port Authority of New York and New Jersey wants to change that. On Monday, the Port Authority, which owns the land underneath six container-shipping terminals, put out a call for proposals to develop a 30-year master plan that would increase efficiency and grow cargo volumes at the port. Molly Campbell, who took the agency’s top trade position last year, said the Port Authority aims for the New York area to surpass the ports of Los Angeles […] Read More →

CANADA STOCKS-TSX gains as higher gold price boosts gold miners

Monday, April 11th, 2016:

(Adds portfolio manager quote, details on Brookfield Asset Management and Valeant, updates prices) * TSX up 26.03 points, or 0.19 percent, at 13,422.76 * Just three of the TSX’s 10 main groups ended higher By Fergal Smith TORONTO, April 11 Canada’s main stock index rose on Monday as an almost three-week high for gold helped boost gold mining stocks, while a major railway company advanced after it scrapped a takeover bid. The most influential movers on the index included Barrick Gold Corp, which rose 6.5 percent to C$21.04 as gold rallied, and Canadian Pacific Railway Ltd, which advanced 2.6 percent […] Read More →

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