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  • Owners: Taj Mahal to stay open throughout November Wednesday, 22 Oct 2014 | 5:38 PM ET

    ATLANTIC CITY, N.J.— Trump Entertainment Resorts is dropping its threat to close Atlantic City's Taj Mahal casino on Nov. 13. Trump Entertainment has been pursuing a long-shot rescue plan to re-finance the company and transfer ownership to billionaire Carl Icahn, who would pump $100 million into it. "As of now we don't have any plan to close the Taj, but that could...

  • A Republican Senate means changing the chairmen Wednesday, 22 Oct 2014 | 1:58 PM ET

    WASHINGTON— If Republicans win the Senate, the Pentagon should brace for constant grilling from Sen. The size of a Republican majority would determine committee ratios and budgets; more seats in the Senate translate into a greater advantage on the panels. "If we lose the Senate, for one thing, the way this Senate's been operating, they could end up blocking all my...

  • Hearing set for Trump casino name lawsuit Tuesday, 21 Oct 2014 | 2:13 PM ET

    The Trumps are suing Trump Entertainment Resorts in state court in New Jersey, seeking to have the Trump name stripped from the Taj Mahal. The real estate mogul and his daughter claim that Trump Entertainment, with which they are no longer involved, let the now-closed Trump Plaza and the Taj Mahal deteriorate to the point where it damages their personal brand.

  • EU antitrust watchdog eyes DuPont, Honeywell Tuesday, 21 Oct 2014 | 12:29 PM ET

    DOVER, Del.— The DuPont Co. and Honeywell International may be violating antitrust rules in their cooperative venture to supply the only automotive air-conditioning refrigerant that meets European standards for greenhouse gas emissions, regulators said Tuesday. DuPont, based in Wilmington, Delaware, and Honeywell, based in Morristown, New Jersey, created a...

  • Casino resisting Donald Trump's bid to remove name Monday, 20 Oct 2014 | 2:52 PM ET

    The real estate mogul and his daughter Ivanka Trump are suing Trump Entertainment Resorts, which he once ran, in state Superior Court, demanding that the Trump name come off the Taj Mahal as well. Ivanka Trump said on Monday that she and her father "vehemently disagree" with Trump Entertainment's stance regarding use of the Trump name and the claims the company...

  • Oct 17- The bankrupt Trump Taj Mahal casino received court approval on Friday to break its labor agreement, a key condition for a rescue deal with billionaire Carl Icahn, and the union promptly announced a plan to picket the Atlantic City, New Jersey hotel. Parent company Trump Entertainment Resorts Inc has said trimming $14.6 million from its annual union...

  • Oct 17- Energy Future Holdings squared off against creditors in court on Friday as the bankrupt Texas power company sought approval to begin a multibillion dollar auction of its interest in Oncor, a power transmission business. The company anticipates an auction in February, and sources told Reuters potential bidders include NextEra Energy Inc of Juno Beach,...

  • Judge voids Taj Mahal casino union contract Friday, 17 Oct 2014 | 2:07 AM ET

    ATLANTIC CITY, N.J.— The Trump Taj Mahal Casino Resort may survive after all, but it's likely to do so with angry employees. A federal bankruptcy judge in Delaware on Friday voided the struggling casino's contract with its union workers, giving owner Trump Entertainment Resorts a big part of its plan to keep the casino open and save its 3,000 jobs.

  • WASHINGTON, Oct 17- The top 113 earners among staff at the Federal Reserve's Washington headquarters make an average of $246,506 per year, excluding bonuses and other benefits- more than Fed Chair Janet Yellen and nearly double the normal top government rate. Yellen, whose salary is set by Congress, earns $201,700 a year. "It certainly bolsters the case for more...

  • Factories in Philadelphia area grow more slowly Thursday, 16 Oct 2014 | 10:33 AM ET

    WASHINGTON— A measure of factory activity in the Philadelphia region slipped last month, but remained at a healthy level, evidence that U.S. manufacturing output is holding up despite signs of a global slowdown. The Federal Reserve Bank of Philadelphia said Thursday that its index of regional factory activity slipped to 20.7 from 22.5 in September.

  • NEW YORK, Oct 15- U.S. stocks were down more than 1 percent in afternoon trading on Wednesday as economic data added to worries over the health of the world economy and concern increased about the spread of Ebola. The S&P 500 was on track for its sixth fall in eight sessions and is down roughly 8 percent from its Sept. 18 record closing high. The CBOE Volatility index,...

  • Atlantic City casino closings hurt revenue toll Wednesday, 15 Oct 2014 | 2:15 PM ET

    ATLANTIC CITY, N.J.— The loss of four casinos began to show up in Atlantic City's gambling revenues in September, which were nearly 13 percent less than they were a year ago before the lights started going out. Figures released from the state Division of Gaming Enforcement show the casinos took in $147.8 million at the slot machines, down 16.6 percent from a year ago,...

  • Trust sues former Washington Mutual directors Wednesday, 15 Oct 2014 | 1:46 PM ET

    SEATTLE— The trust responsible for distributing any remaining assets of Washington Mutual Inc. to unsecured creditors is suing the company's former directors and officers over a $500 million transfer that occurred just before Washington Mutual Bank was seized. The Seattle Times reports that according to the lawsuit, Washington Mutual Inc. transferred...

  • *Shire shares tumble as AbbVie reconsiders bid. NEW YORK, Oct 15- U.S. stocks dropped on Wednesday as economic data buttressed worries over the health of the world economy and signs emerged of slowing merger activity. Worries about a lethargic global economy weren't helped by data that showed U.S. retail sales and producer prices fell in September, while...

  • Parent company Trump Entertainment Resorts Inc has said trimming $14.6 million from its annual union pension and healthcare costs is key to save the casino from becoming the fifth to close this year in the seaside resort. Atlantic City has lost thousands of jobs this year and Trump Entertainment has warned it could be forced to begin winding down the Taj Mahal...

  • GENEVA/ WASHINGTON, Oct 14- India broke World Trade Organization rules by blocking imports of U.S. poultry and other farm products because of unsubstantiated bird flu fears, a WTO dispute panel ruled on Tuesday, potentially opening up an estimated $300 million a year export market for the United States. India had claimed its import restrictions, imposed in 2007,...

  • Icahn aide: Taj has to close if union pact remains Tuesday, 14 Oct 2014 | 2:30 AM ET

    Trump Entertainment Resorts and billionaire investor Carl Icahn want the judge to cancel the casino's union contract, saying it can't survive without shedding costly pension and health care obligations. Bankruptcy Judge Kevin Gross on Tuesday that Trump Entertainment needs the financial relief that breaking the union contract would provide.

  • Commuter train engineers reach deal with SEPTA Monday, 13 Oct 2014 | 3:09 PM ET

    PHILADELPHIA— Engineers who operate commuter trains in the Philadelphia area reached a tentative contract with the Southeastern Pennsylvania Transportation Authority, union and transit officials said Monday, meaning passengers can continue riding the rails without fear of another strike if the pact is accepted. "This agreement keeps the trains rolling...

  • CORRECTION: Dogfish Head CEO story Monday, 13 Oct 2014 | 11:44 AM ET

    MILTON, Del.— In a story Oct. 9 about Dogfish Head Craft Brewery naming a chief executive officer, The Associated Press, relying on a member story, reported erroneously that founder Sam Calagione had stepped down as CEO of the brewery. MILTON, Del.— Delaware's Dogfish Head Craft Brewery has named a chief executive officer for the first time. Nick Benz was promoted to CEO...

  • Oct 10- A Delaware judge said Royal Bank of Canada must pay $75.8 million in damages to former shareholders of Rural/Metro because it failed to disclose conflicts of interest that tainted the $438 million buyout of the ambulance operator. Delaware Court of Chancery Vice Chancellor Travis Laster found that the value of Rural/Metro shares were $21.42 at the...