John A. Sarcone III has been named first assistant U.S. attorney for New York's Northern District, a move that will enable him to serve in the role of acting U.S. attorney for a limited period.

A panel of federal judges declined to permanently appoint John Sarcone, who recently claimed he was attacked by an illegal immigrant in Albany, New York.

EXCLUSIVE: JPMorgan’s Jacob Manoukian tells Fortune he remains confident in the U.S. economy’s long-term dominance, dismissing “sell America” calls as short-sighted. VW Group China boss Ralf Brandstätter says he's willing to sacrifice market share during the price war to protect the equity of his company's car brands.