Sep 26th, 2012
8:15 pm
September 26th, 2012 | University
Harvard endowment falls .05 percent

Harvard University’s endowment fell to $30.7 billion in the latest fiscal year after experiencing a 0.05 percent loss in investments. The slight decline of the largest endowment in higher education is a substantial reversal from fiscal year 2011, when the school reported a 21.4 percent return on investments. Equities in emerging markets were hit particularly […]

Sep 22nd, 2012
12:45 am
September 22nd, 2012 | University
Penn posts 1.6 percent return on endowment

The University of Pennsylvania became the first Ivy League institution to report the performance of its endowment in fiscal year 2012 today, posting a 1.6 percent return on investments. The slight gain, which brought the value of Penn’s endowment to $6.8 billion as of June 30, is significantly weaker than the 18.6 percent return the […]

May 30th, 2012
2:33 pm
May 30th, 2012 | City
Aldermen pass $486.4 million budget

The Board of Aldermen unanimously approved New Haven’s $486.4 million budget in a 40-minute special meeting Tuesday night. The budget — the product of almost three months of public hearings and negotiations between Mayor John DeStefano Jr.’s administration and the labor-backed majority on the Board — was largely unchanged from DeStefano’s original proposal in March. […]

Apr 10th, 2012
8:39 pm
April 10th, 2012 | University
Mazzuto ’70 sentenced in stock fraud case

John Mazzuto ’70 — the former CEO of automotive chemical company Industrial Enterprises of America, Inc. and a Yale donor — was sentenced to between 1.5 and 4.5 years in prison Tuesday. The former CEO was part of a $60 million stock fraud scheme, a portion of which was used to make a $1.7 million […]

Mar 15th, 2012
1:26 pm
March 15th, 2012 | University
Chinese economy still solid, Roach says at conference

Next time they’re in New Haven, certain economists might consider stopping by Stephen Roach’s “Next China” class. Roach, the former chairman of Morgan Stanley Asia, said at a conference in Shanghai last week that speculation that the Chinese economy will enter a hard landing are “vastly overblown,” according to a report from Bloomberg. China has […]

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