Associated Press

The Associated Press is one of the largest and most trusted sources of independent newsgathering, supplying a steady stream of news to its members, international subscribers and commercial customers. AP is neither privately owned nor government-funded; instead, it's a not-for-profit news cooperative owned by its American newspaper and broadcast members.

CORNELL, N.Y. (AP) — Cornell University officials say the Ivy League school will use a household products company's $150 million gift to bolster the college's business schools.

H. Fisk Johnson, chairman and CEO of Racine, Wisconsin-based S.C. Johnson & Son, Inc., joined Cornell officials in Ithaca on Tuesday night to outline the plans for the donation, the largest made to the university's upstate campus.

ALBANY, N.Y. (AP)  New York's attorney general has filed a lawsuit against Charter Communications alleging that the cable and internet provider failed to deliver on promised internet speeds and reliability. 

Charter's subsidiary, Spectrum, was previously known as Time Warner Cable. 

The lawsuit filed by the office of Attorney General Eric Schneiderman claims the company failed to address network problems that led to slower-than-promised speeds. 

The lawsuit seeks compensation for customers.  

ALBANY, N.Y. (AP) — Democratic Gov. Andrew Cuomo wants to tweak one of his signature economic development programs.

Under a proposal contained in Cuomo's state budget plan Start-Up NY would be renamed the Excelsior Business Program. It would also get new rules intended to make it more successful.

Start-Up was created to jumpstart new and innovative companies but has had only modest success so far. A report issued last year showed the program generated 408 new jobs in its first two years.

NEW YORK (AP & WXXI News)  Valeant will sell just over $2 billion in assets as it pays down debts after a year and a half of bruising backlash against some of its drug prices and government probes into the way it does business.

Valeant also owns Bausch + Lomb which has operations in Rochester. There's no word of any of those operations being sold in Tuesday's announcement.

Shares of the Canadian pharmaceutical company, down 80 percent in the past year, jumped 12 percent before the opening bell.

ALBANY, N.Y. (AP)  The aging Indian Point nuclear power plant just north of New York City will close within about four years under a deal with Gov. Andrew Cuomo, who has long argued it should be shuttered to protect the millions of people living nearby. 

Under the arrangement plant owner Entergy Corp. will shut both reactors at the Westchester County facility by April 2021. A person familiar with the agreement but not authorized to speak publicly confirmed the agreement on the condition of anonymity to The Associated Press on Friday. 

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