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  • 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...

  • Jan 16- A U.S. federal judge on Friday said computer programmer Sergey Aleynikov is not entitled to have former employer Goldman Sachs Group Inc cover his legal fees to defend against criminal charges that he stole secret code from the bank's computers. District Judge Kevin McNulty in Newark, New Jersey rejected Aleynikov's argument that the strong public...

  • Wet Seal files for Chapter 11 bankruptcy Friday, 16 Jan 2015 | 10:36 AM ET
    Wet Seal clothing

    Wet Seal filed for bankruptcy protection late, a week after the struggling apparel retailer laid off 3,700 employees and closed 338 stores.

  • Jan 16- Wet Seal Inc filed for bankruptcy protection late on Thursday, a week after the struggling apparel retailer laid off 3,700 employees and closed 338 stores. Wet Seal, which reported slowing year-on-year sales growth for the past five quarters, warned last month that it may seek to restructure under provisions of the U.S. Wet Seal sells apparel and...

  • WILMINGTON, Delaware/ CHICAGO Jan 15- The operating unit of Caesars Entertainment Corp, the largest U.S. casino company, filed for Chapter 11 bankruptcy on Thursday in Chicago to cut $10 billion of debt, but a Delaware judge intervened to halt the case before it got started. The bankruptcy was filed overnight by Caesars Entertainment Operating Company Inc and 179...

  • WASHINGTON— Factory activity in the Philadelphia region grew at a much slower pace in January compared with the previous month, as orders, shipments and hiring tumbled. The Federal Reserve Bank of Philadelphia said Thursday that its index of regional factory activity fell to 6.3 this month from 24.3 in December. Manufacturing nationwide expanded in December...

  • Jan 15- The operating unit of Caesars Entertainment Corp, the largest U.S. casino company, filed for Chapter 11 bankruptcy on Thursday to implement its plan to cut $10 billion of debt, but faced an immediate challenge over where the case should proceed. The bankruptcy protection was filed by Caesars Entertainment Operating Company Inc and scores of affiliates...

  • Caesars Entertainment's unit files for bankruptcy Thursday, 15 Jan 2015 | 4:26 AM ET
    Caesars Entertainment Corp.'s Caesars Palace in Las Vegas.

    The operating unit of Caesars Entertainment Corp, the largest U.S. casino company, filed for Chapter 11 bankruptcy on Thursday.

  • LAS VEGAS— A cash-strapped division of casino giant Caesars Entertainment Corp. filed for bankruptcy protection Thursday in Chicago, hoping the court agrees to its plan to get out from under $18.4 billion in debt. The bankruptcy filing doesn't apply to parent company Caesars Entertainment Corp. and affiliated companies Caesars Growth Partners and...

  • Jan 15- The operating unit of Caesars Entertainment Corp, the largest U.S. casino company, filed for Chapter 11 bankruptcy on Thursday to implement its plan to cut $10 billion of debt. The bankruptcy protection was filed by Caesars Entertainment Operating Company Inc and several affiliates in the U.S. Bankruptcy Court for the Northern District of Illinois.

  • Markets split on endgame for Caesars' looming bankruptcy Wednesday, 14 Jan 2015 | 7:17 PM ET

    Jan 14- On the eve of Caesars Entertainment Corp's $10 billion debt-cutting bankruptcy, markets are reflecting two competing views of how the casino company's high-stakes plan will play out. "The fact there is equity value in Caesars, that equity value describes a really optimistic view of how this will play out," said Chris Snow, an analyst with CreditSights.