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  • Jan 28- A U.S. bankruptcy judge said on Wednesday he would not transfer the bankruptcy filing of Caesars Entertainment Corp's operating unit to Delaware from Chicago, a victory for the company's private equity backers. Hedge funds creditors wanted the casino company's $10 billion debt-cutting plan reviewed under the legal standards of the Delaware court.

  • WILMINGTON, Del.— A federal judge in Delaware ruled Wednesday that the Chapter 11 case of casino giant Caesars Entertainment Corp. will proceed in Illinois, denying a motion by several creditor groups who wanted the case heard in Delaware. Bankruptcy Judge Kevin Gross was a victory for Caesars, whose operating unit filed for bankruptcy protection in Chicago...

  • WILMINGTON, Del, Jan 27- The operating unit of Caesars Entertainment Corp will learn Wednesday whether its bankruptcy will proceed in Chicago, where the casino company filed for Chapter 11 this month, or in Delaware, a U.S. bankruptcy judge in Delaware said on Tuesday. Allowing the case to proceed in Chicago would be a victory for Caesars private equity backers,...

  • The 2017 to 2022 drilling plan begins a process that could take many years before waters off the coasts of Virginia, North Carolina, South Carolina or Georgia are cleared for drilling. The administration canceled a lease sale there after BP Plc's deadly explosion and oil spill in the Gulf of Mexico that year. In addition, President Barack Obama took parts of...

  • Democrats put brakes on Iran sanctions bill Tuesday, 27 Jan 2015 | 10:20 AM ET

    WASHINGTON— Senate Democrats on Tuesday put the brakes on new Iran sanctions legislation, ending for now a looming showdown between Congress and President Barack Obama over negotiations to prevent Tehran from having the capability to make a nuclear weapon. At the same time, supporters of the bill say the letter signals the White House that Menendez and his...

  • BOSTON/ NEW YORK, Jan 27- A blizzard swept across the northeastern United States on Tuesday, dropping more than a foot of snow across Massachusetts and Connecticut even as its impact on New York City fell short of dire predictions. The governors of New York and New Jersey lifted travel bans they had imposed a day earlier and New York City's subway system was set to...

  • BOSTON/ NEW YORK, Jan 27- A blizzard swept across the northeastern United States, dropping more than a foot of snow but falling short of more dire predictions that sent workers and students home, halted thousands of flights and prompted New York officials to ban cars from roads and shut down subway trains. As day broke on Tuesday, the leaders of New York City, New York...

  • The heaviest snowfall was recorded in parts of Connecticut and Massachusetts, while New York City's Central Park saw just 6 inches, less than a quarter of the "historic" snowfall that some meteorologists had predicted. Travel was still snarled, with more than 4,500 flights canceled at U.S. airports, according to FlightAware.com, and no trains or buses in New York,...

  • DuPont profit rises, but strong dollar cuts into sales Tuesday, 27 Jan 2015 | 6:38 AM ET

    The company, based in Wilmington, Delaware, boosted its estimated costs savings from operational redesigns by $300 million, to at least $1.3 billion by 2017. For the quarter, the company reported net income of $683 million, or 74 cents per share, up from $185 million, or 20 cents per share, for the fourth quarter of 2013. The latest results included a one-time, pretax...

  • DuPont meets 4Q profit forecasts Tuesday, 27 Jan 2015 | 6:13 AM ET

    WILMINGTON, Del. _ DuPont Co. on Tuesday reported fourth-quarter net income of $683 million. The average estimate of analysts surveyed by Zacks Investment Research was also for earnings of 71 cents per share. Analysts expected $7.82 billion, according to Zacks.

  • With memories still fresh of Sandy, a superstorm that ravaged the East Coast in 2012, the governors of six East Coast states declared emergencies. The National Weather Service in New York said roughly 5.5 inches of snow had fallen in the Manhattan's Central Park by early Tuesday and nearly nine inches were recorded on parts of Long Island.

  • WILMINGTON, Del.— A court battle over whether the bankruptcy case of casino giant Caesars Entertainment Corp. should proceed in Delaware or in Illinois was postponed Monday because of a snowstorm bearing down on the East Coast. The judge presiding over Monday's hearing in Wilmington, Delaware, said he was concerned about the safety of attorneys, many of whom...

  • KANSAS CITY, Mo.— Twenty-eight oil companies and retailers have agreed to settle litigation claiming customers were knowingly overcharged when gas station fuel temperatures rose, plaintiffs announced Friday. Federal officials earlier consolidated about 50 lawsuits filed since 2006 from consumers across the country in the U.S. District Court in Kansas...

  • Caesars bankruptcy venue decision near Friday, 23 Jan 2015 | 3:30 PM ET

    LAS VEGAS— Delaware or Chicago: Troubled casino giant Caesars Entertainment Corp. should find out early next week where a subsidiary's Chapter 11 bankruptcy case will be decided. Caesars prefers Chicago, where its Caesars Entertainment Operating Co. filed for bankruptcy protection filed Jan. 15. Based only on previous cases, that may be easier to do in Chicago...

  • Bill to leave cap-and-trade program sees little support Thursday, 22 Jan 2015 | 11:07 AM ET

    CONCORD, N.H.— There was little public appetite at a hearing Thursday for a bill that would pull New Hampshire out of a multistate effort to reduce carbon emissions. New Hampshire is one of nine states participating in the Regional Greenhouse Gas Initiative, a system where each state sells carbon emission allowances to producers. New Hampshire gets about $18...

  • Sallie Mae 4Q profit falls short of Wall Street estimates Wednesday, 21 Jan 2015 | 4:27 PM ET

    NEW YORK— Student lender Sallie Mae said Wednesday its fourth-quarter net income fell 75 percent as gains on the sale of securities dropped and operating costs rose. The results did not meet Wall Street expectations, as Zacks Investment Research says analysts expected a profit of 5 cents per share, on average. Shares of Sallie Mae dropped 70 cents, or 7.2 percent,...

  • Jan 21- JPMorgan Chase& Co got a painful reminder on Wednesday that we all have to live with our mistakes, even a clerical mix-up that could cost $1.5 billion. A federal appeals court in Manhattan ruled on Wednesday that, although it was not JPMorgan's intention, it clearly authorized its law firm to file papers in 2008 that unsecured much of a loan to General Motors.

  • Family of comedian killed in Wal-Mart crash settles claim Wednesday, 21 Jan 2015 | 10:01 AM ET

    NEW YORK— The family of a comedian killed in a New Jersey Turnpike crash that seriously injured Tracy Morgan last summer has settled a wrongful-death claim with Wal-Mart. The out-of-court settlement between Wal-Mart Stores Inc. and the estate of James McNair is the first stemming from the June 7 crash, in which a Wal-Mart truck slammed into a limo van carrying...

  • Garlock, a unit of EnPro Industries, filed for bankruptcy in 2010 in Charlotte, North Carolina, in the face of the mounting cost of asbestos lawsuits. Golini allegedly told Philadelphia- based Shein he was exposed to 14 asbestos products made by bankrupt companies including Owens Corning and Armstrong World Industries. After Garlock settled with Golini, Shein...

  • U.S. homebuilder sentiment edges lower in January -NAHB Tuesday, 20 Jan 2015 | 10:00 AM ET

    Jan 20- U.S. homebuilder sentiment fell modestly in January, but builder sentiment remained stronger than the early months of 2014, the National Association of Home Builders said on Tuesday. The index has not been below 50 since June 2014. "After seven months above the key 50 benchmark, builder sentiment is reflecting the gradual improvement that is occurring in...