New York Tobacco Refinancing Might Yield $500 Million
Oct. 30 (Bloomberg) — Tobacco bonds that helped New York close a budget deficit in 2003 could be refinanced and provide $500 million to help eliminate this year’s $3.2 billion spending gap, according to a plan bankers presented to state officials.
The proposal by Morgan Stanley and Bank of America Corp.’s Merrill Lynch & Co. would [...]
Gun held to city mum
A Hamilton mother at home with her young children was terrorised at gunpoint by a man demanding money and cigarettes, police say.
Detective Sergeant Dave Grace said the woman was at her Puriri St house in Nawton about 9.30pm on Sunday when a man burst in holding a handgun.
He demanded money and cigarettes before fleeing on [...]
Casino Smoking Debate Returns to Atlantic City
A year after suspending a smoking ban placed on Atlantic City casinos, city officials are reviewing the policy while hoping to salvage gambling revenues already in full plummet.
Atlantic City lawmakers had planned for a casino floor smoking ban to begin last fall, only to find that gaming revenue was already dipping precariously due to the [...]
