Bloomberg Banca Carige SpA, the Italian lender working on a new business plan to meet demands of European regulators, ruled out raising additional capital to shore up its finances, denying a report published by la Repubblica. Suggestions that the lender is considering raising as much as 400 million euros ($445 million) as part of its business plan are groundless, the ...

  Bloomberg Scott Rechler, chief executive officer of RXR Realty LLC, is stepping down as vice chairman of the Port Authority of New York and New Jersey after almost five turbulent years as New York Governor Andrew Cuomo’s top appointee at the agency. Rechler, 48, will be replaced by Steven M. Cohen, who formerly served as Cuomo’s senior-most adviser. Rechler ...

  Bloomberg New York REIT Inc. shares had their biggest drop since they began trading more than two years ago after analysts questioned whether the planned sale of the company to closely held JBG Cos. is in the best interest of investors. “The jury is out and New York REIT’s board owes its shareholders a lot more transparency quantitatively why ...