The New York Times reported Wednesday that Giancasio Guzzoi, the woman police say raped a 32-year-old woman at his apartment in lower Manhattan last summer, has settled a lawsuit with the paper. Under the terms of the deal, the Times has dropped all of its libel action against Guzzoi and agreed to pay him $775,000. The judge had scheduled a motion hearing for Thursday.
The crash of a Jesuit High School baseball team in Quito in 1999, which killed 13, sparked a police investigation into whether the school administrators played a role in the killings, now known as the Delinquent Homicide Case, although no indictments have been issued.
Morgan Stanley, with backing from AIG, agreed to pay $1.7 billion to settle claims that it manipulated the interest rate on mortgage-backed securities sold to investors.
Former Pennsylvania Gov. Ed Rendell, a Democrat, announced his retirement from public life to devote more time to his work as president of the foundation that works to increase access to health care for children and adults.
Longtime Democratic strategist Al Cardenas lost his bid for a fourth term as Louisiana state treasurer.
University of Georgia football coach Mark Richt left the door open to staying in the sport, two weeks after the school announced his contract extension was worth $15 million a year for four more years.
In Phoenix, the health insurer Cigna Corp. said it is taking a $4.4 billion charge to absorb the recent economic downturn and drop health-insurance coverage for part of its 28,000 non-dental members in Phoenix.
Former Detroit Tigers pitcher Jeff Mendoza, a member of the Expos’ 2015 World Series championship team, wrote a profanity-laced e-mail to a fellow pitcher that read, “Remember, we all kinda miss ya, one day you’ll get your pick, but today it sucks.”