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  • The slide came the day after oil cartel OPEC decided not to cut output in a meeting in Vienna. "We do not know if OPEC has ulterior motives to let oil prices drift lower and pinch the global sector, or if reaching a consensus on cuts was just too challenging," wrote Wells Fargo Securities in a Friday client note. "We'll wait to see the trend next week when there's full...

  • Judge: WMT must let NYC church challenge gun sales Friday, 28 Nov 2014 | 2:06 PM ET
    Residents shop at Walmart as the store prepares for Black Friday in Los Angeles, Calif., November 24, 2014.

    A federal judge ordered Wal-Mart Stores to let shareholders vote on a proposal to force tighter oversight of its sale of high-capacity guns.

  • *Oil falls to 2010 low, Exxon Mobil tumbles. *Retailers higher, Wal-Mart boosts Dow. "Crude seems to have no floor right now, and we could easily see the price drop into the low $60 s," said Tony Roth, chief investment officer at Wilmington Trust in Wilmington, Delaware.

  • NEW YORK, Nov 28- U.S. energy shares saw heavy pressure on Friday as crude oil tumbled to a multi-year low, though consumer stocks lifted broader indexes in a quiet, holiday-shortened session. Crude plunged 6.5 percent to $69.38 per barrel a day after OPEC decided not to cut output, which could leave markets oversupplied. "Crude seems to have no floor right now, and we...

  • NEW YORK, Nov 28- U.S. stocks were little changed on Friday, with major indexes on track for a sixth straight weekly advance in a holiday-shortened session, though energy shares saw heavy pressure as crude oil tumbled to a four-year low. Crude plunged 5.9 percent to $69.38 per barrel a day after OPEC decided not to cut output, which could leave markets oversupplied.

  • Taj Mahal casino seeks new bankruptcy financing Wednesday, 26 Nov 2014 | 1:30 PM ET

    Trump Entertainment Resorts asked a Delaware bankruptcy court Wednesday to approve $5 million in debtor-in-possession financing from billionaire Carl Icahn to keep it afloat during its Chapter 11 case. Icahn would invest $100 million into it but only if significant tax breaks are obtained from state and local governments and if the union ends its appeal...

  • Trump casinos, Atlantic City agree on tax sale Tuesday, 25 Nov 2014 | 3:18 PM ET

    ATLANTIC CITY, N.J.— Bankrupt Trump Entertainment Resorts and the city of Atlantic City have reached a deal to let the city collect unpaid taxes. The deal was approved Tuesday afternoon by a Delaware bankruptcy court judge. The Trump Taj Mahal is scheduled to close Dec. 12, unless a deal can be reached with its main union regarding the restoration of health...

  • FACTBOX-Recent tax inversion proposals Tuesday, 25 Nov 2014 | 1:19 PM ET

    Medical technology company Medtronic Inc said on Nov. 18 that its plan to acquire and adopt the tax domicile of Ireland's Covidien Plc was on track to close in 2015.. High-tech manufacturer Applied Materials Inc plans to buy Japanese rival Tokyo Electron Ltd and reincorporate in the Netherlands. Burger King Worldwide Inc plans to acquire Canadian coffee and...

  • Bankruptcy wrangling for ex-Trump, Revel casinos Tuesday, 25 Nov 2014 | 12:32 PM ET

    ATLANTIC CITY, N.J.— Some of the hottest action in Atlantic City involves closed casinos in bankruptcy court, where Donald Trump is trying to recoup rent he paid on a driveway and the city is fighting to collect more than $50 million in unpaid taxes. Despite maintaining that a division of Trump Entertainment Resorts— the company he once ran but no longer has...

  • Trump seeks repayment of $150K in driveway rent Tuesday, 25 Nov 2014 | 11:51 AM ET

    ATLANTIC CITY, N.J.— Donald Trump is seeking to get back nearly $150,000 in rent he had to pay on a driveway leading to the now-closed Trump Plaza casino in Atlantic City. In a filing with a Delaware court hearing the bankruptcy of Trump Entertainment Resorts, the real estate mogul says he paid $147,000 to the landlord of a driveway at the casino.

  • Judge in Reno blocks Uber's ride-sharing in Nevada Tuesday, 25 Nov 2014 | 11:16 AM ET

    RENO, Nev.— A Washoe County District Court judge granted the state's request late Tuesday for a court order blocking the ride-sharing company Uber Technologies from operating unregulated in Nevada, saying Uber's refusal to comply with the necessary state licensing requirements could put the public's safety at risk. Freeman's ruling came after Nevada...

  • Offshore wind turbines more likely as auction set Monday, 24 Nov 2014 | 1:03 PM ET

    BOSTON— Massachusetts is one step closer to seeing its coastline waters dotted with wind turbines as federal officials announced Monday that an auction date has been set for wind energy leases to develop more than 742,000 acres off the coast. Deval Patrick said his administration has worked with federal, state, tribal, industry and community representatives...

  • Philly area factories growing by most in 21 years Thursday, 20 Nov 2014 | 10:23 AM ET

    WASHINGTON— Manufacturing in the Philadelphia region grew at the fastest pace in nearly 21 years, a sign that factory output may be picking up nationwide. The Federal Reserve Bank of Philadelphia says its index of regional factory activity jumped to 40.8 in November from 20.7 in October. Jim O'Sullivan, chief U.S. economist at High Frequency Economics, warned...

  • Future dim for Taj Mahal, former Revel casinos Thursday, 20 Nov 2014 | 10:03 AM ET

    Trump Entertainment Resorts has said it will close the casino Dec. 12. Judge Kevin Gross issued an order late Wednesday scheduling the hearing on whether it's time to pull the plug on Trump Entertainment, which is about to close its last remaining casino. Gross also said that the main parties to the case— Trump Entertainment, billionaire Carl Icahn as its main...

  • Activision settles investor suit for record $275 mln Wednesday, 19 Nov 2014 | 6:58 PM ET

    Nov 19- Videogame maker Activision Blizzard reached a record $275 million settlement over a lawsuit by a shareholder who opposed the company's 2013 deal to acquire its stock that was held by Vivendi SA. The lawsuit by Activision shareholder Anthony Pacchia was prompted by the $8 billion deal in 2013 in which Activision and an investor group known as ASAC...

  • Nov 19- Creditors of GT Advanced Technologies complained in a bankruptcy court filing that the sapphire company may have gotten too little in its proposed settlement with Apple Inc over legal claims stemming from a deal to supply sapphire screens. GT Advanced shocked investors by filing for bankruptcy in October in a case that was initially shrouded in...

  • WASHINGTON, Nov 18- Keystone XL's top supporter in the U.S. Senate frantically lobbied colleagues on Tuesday in a last-ditch attempt to find enough "yes" votes to approve the oil pipeline from Canada. TransCanada Corp's Keystone XL pipeline has broad support in Louisiana, an oil-producing state, where Landrieu faces an uphill battle to win a new six-year term in a...

  • WASHINGTON, Nov 18- Keystone XL supporters in the U.S. Senate faced tough odds on Tuesday in passing a bill to approve the oil pipeline from Canada after one lawmaker they hoped might be a "yes" said he would vote against the project. "Congress is not- nor should it be- in the business of legislating the approval or disapproval of a construction project," Senator Angus...

  • Lawyer: Tracy Morgan battling severe brain injury Tuesday, 18 Nov 2014 | 1:55 AM ET

    Lawyers were in court in New Jersey for a scheduling conference in Morgan's lawsuit against Bentonville, Arkansas- based Wal-Mart Stores Inc., whose truck was involved in the crash. Morgan wasn't at Tuesday's proceeding, during which lawyers met with the judge to settle on a schedule. A Wal-Mart truck slammed into a limo van that was carrying Morgan and several...

  • Chemical plant had some environmental violations Monday, 17 Nov 2014 | 2:59 PM ET

    LA PORTE, Texas— State records show dozens of minor or moderate state environmental violations since 2009 at a Houston- area DuPont chemical plant where four people died from toxic fumes over the weekend. The plant, however, which covers 600 acres along the Houston Ship Channel in LaPorte and has operated since 1956, has received a satisfactory rating from the...