ConEd announces Energy Star rebate program

Consolidated Edison Company of New York

  Eyewitness NewsNEW YORK (WABC) -- You can help save the planet, beat the heat and enjoy some cool cash this summer.

All you have to do is buy an energy efficient air conditioner.

On Tuesday, Con Edison announced a $30 rebate program for New York City and Westchester County residents who buy Energy Star air conditioners.

The utility says buying green can help save money on power bills. (Copyright ©2011 WABC-TV/DT. All Rights Reserved.)
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Madoff case trustee announces fund settlement

Bernard Madoff, chairman of Madoff Investment Securities, returns to his Manhattan apartment after making a court appearance Wednesday, Dec. 17, 2008 in New York. (AP Photo/Jason DeCrow)

  NEW YORK -- A New York trustee recovering money for investors in Wall Street swindler Bernard Madoff's fraud says the liquidators of a fund that put more than $7 billion in Madoff's hands have agreed to a deal that'll funnel 3 percent more money to burned investors with valid claims.

Trustee Irving Picard said Monday the deal was reached with liquidators of the now-defunct Fairfield Sentry Limited funds. The funds were managed by entities related to Madoff's largest feeder-fund operator.

Picard says the deal reduces Fairfield's claim against a fund paying claims of injured investors from $1.2 billion to $230 million. He says Fairfield also agreed to pay $70 million to be distributed to Madoff investors. Picard has agreed not to pursue a $3.8 billion judgment against Fairfield.

Fairfield liquidators haven't returned a call seeking comment. (Copyright ©2011 by The Associated Press. All Rights Reserved.) Get more Business »

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