The Latest: NY Gov. Cuomo decries donor's remarks

ALBANY, N.Y. — The Latest on comments made by a New York City hedge fund manager that compared a black New York state lawmaker to the Ku Klux Klan (all times local):

5:20 p.m.

New York Gov. Andrew Cuomo is denouncing comments from a top political donor who said a black New York state senator was worse than the Ku Klux Klan because of her support for teachers unions.

The Democrat released a statement Friday calling Daniel Loeb's comments "deeply hurtful and offensive."

Loeb, a billionaire hedge fund manager, wrote an online post in which he said Senate Minority Leader Andrea Stewart-Cousins, a Yonkers Democrat, had done more damage to "people of color" than anyone who ever "donned a hood," an apparent reference to the Ku Klux Klan. He later deleted the post and apologized.

Loeb is a leading charter school supporter.

Stewart-Cousins' spokesman said Loeb should be "ashamed of his disgusting comments."

___

11:10 p.m.

A billionaire hedge fund manager has apologized for saying that a black New York state senator has "done more damage to people of color than anyone who has ever donned a hood" because of her support for teachers unions.

Daniel Loeb issued a statement saying he regrets the language he used in the Facebook post about Senate Minority Leader Andrea Stewart-Cousins, a Yonkers Democrat. The post was an apparent reference to the Ku Klux Klan. It was deleted late Thursday.

Loeb is a top donor to Democratic Gov. Andrew Cuomo and a leading charter school supporter. Top Democrats denounced his comments. Cuomo's spokesman called them "entirely inappropriate."

Stewart-Cousins' spokesman said Loeb should be "ashamed of his disgusting comments," adding that they speak volumes about the state of New York politics.

Must Read

Investing costs fall again: Fidelity, Schwab cut commissions

Feb 28, 2017

Fidelity becomes the latest brokerage to cut trading fees in an ongoing industry battle that's helped mom-and-pop investors keep more of their own dollars

Ask Brianna: How can I stay on budget and still hang out?

Feb 15, 2017

You can live frugally and still have fun with your friends, if you're willing to be candid and creative about get-togethers that won't break the bank

Ask Brianna: What's the best way to track my spending?

Sep 5, 2017

There's no best way to scrutinize your cash flow. Understand your preferences, choose the right tools and start making changes based on what you learn

People also read these

Investing costs fall again: Fidelity, Schwab cut commissions

Feb 28, 2017

Fidelity becomes the latest brokerage to cut trading fees in an ongoing industry battle that's helped mom-and-pop investors keep more of their own dollars

Ask Brianna: How can I stay on budget and still hang out?

Feb 15, 2017

You can live frugally and still have fun with your friends, if you're willing to be candid and creative about get-togethers that won't break the bank

Ask Brianna: What's the best way to track my spending?

Sep 5, 2017

There's no best way to scrutinize your cash flow. Understand your preferences, choose the right tools and start making changes based on what you learn