New York Local and Regional News

Moody’s Investors Services, the company’s credit-rating arm, took in 68% of overall revenue, up 3% from last year, primarily due to increases at the unit’s corporate-finance division.

NY’s public pension money flows into hedge funds
Last year, the typical hedge fund lost 28%. This year, the state wants to invest more than $1 billion into the investment vehicles.

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Son of hedge fund short-seller settles SEC charges
Ethan Kass, cub of superbear Doug Kass, agrees to end fraud case and stay out of securities industry for life.

Web site lets consumers compare health care costs
New York Attorney General Andrew Cuomo says a new database will allow consumers for the first time to compare prices before they choose their doctors.

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AIG shares slide, report speculates on brain drain
AIG’s loss of executives to the company of former Chief Executive Maurice “Hank” Greenberg may further complicate its efforts to pay back more than $180 billion, according to reports.

Prosecutors: Madoff accountant to enter plea
David Friehling will plead guilty to revised charges of securities fraud, investment adviser fraud, making false filings and obstructing the administration of the Internal Revenue laws.

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