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  • ORLANDO/ LOS ANGELES, Oct 10- Darden Restaurants Inc lost its standoff with activist shareholder Starboard Value LP at its annual meeting on Friday, when stakeholders tossed out the Olive Garden parent's entire board in a rare victory for dissident investors. It also is a stinging defeat for Darden, which earlier this year alienated many investors by brushing...

  • Rival gun measures on ballot in Washington state Friday, 10 Oct 2014 | 3:36 AM ET

    OLYMPIA, Wash.— Two competing measures on the Washington state ballot this fall ask voters to take a stance on expanded background checks for gun sales. Supporters of the initiative to expand background checks have received large donations from wealthy figures, including Microsoft co-founders Bill Gates and Paul Allen, and have spent millions, far outpacing...

  • Dogfish Head founder hands over CEO role to Benz Thursday, 9 Oct 2014 | 9:04 PM ET

    MILTON, Del.— Sam Calagione has stepped down as CEO of Delaware's Dogfish Head Craft Brewery and is handing that responsibility to his longtime chief operating officer. The News Journal reports Nick Benz has been promoted to CEO after spending 11 years at the Milton- based brewery. Benz is a graduate of the University of Pennsylvania and Carnegie Mellon's Tepper...

  • Union makes counteroffer to save Taj Mahal casino Thursday, 9 Oct 2014 | 1:03 PM ET

    ATLANTIC CITY, N.J.— As a pivotal hearing drew near that could decide the fate of the Trump Taj Mahal Casino Resort, its owners and its main union clashed over pension contributions and what the company called "harassment" of its convention clients. Trump Entertainment plans to shut the Taj Mahal on Nov. 13 if it doesn't get concessions from the union and massive tax...

  • Oct 7- An affiliate of Brookfield Asset Management got court approval to buy Atlantic City, New Jersey's shuttered Revel Casino Hotel for $110 million in cash on Tuesday after a judge rejected complaints the auction for the bankrupt complex was tainted. "I have heard evidence to satisfy me that the sale to Brookfield should be confirmed," said U.S. Bankruptcy...

  • Oct 7- An affiliate of Brookfield Asset Management on Tuesday got court approval to buy Atlantic City, New Jersey's shuttered Revel Casino Hotel for $110 million in cash after a judge rejected complaints the auction for the bankrupt complex was tainted. The losing bidder, Glenn Straub of Florida, objected because he said the auction was unfair.

  • NEW YORK, Oct 6- Creditors of bankrupt wireless company LightSquared and the company's owner, Harbinger Capital Partners, will once again try to reach a mediated restructuring deal after a judge raised the prospect of converting the case to a Chapter 7 liquidation. With a deadline for confirming a plan just weeks away, Harbinger and two creditors, MAST Capital...

  • Oct 3- The Trump Taj Mahal casino failed on Friday to get immediate court approval to end its union pension obligations, a key condition for a $100 million rescue plan backed by billionaire investor Carl Icahn. The setback may be only temporary for Trump Entertainment Resorts Inc, bankrupt owner of the Taj Mahal. Bankruptcy Judge Kevin Gross in Wilmington,...

  • Oct 3- Trump Taj Mahal failed on Friday to get approval from a U.S. Bankruptcy judge to end payments to the casino's union pension fund, which had been a key condition for a Carl Icahn- backed deal to rescue the gambling complex in Atlantic City, New Jersey. Bankruptcy Judge Kevin Gross in Wilmington, Delaware, said he lacked authority to allow Trump Entertainment...

  • WASHINGTON, Oct 2- Taking up a case closely watched by banks and insurance companies, the U.S. Supreme Court agreed on Thursday to decide whether federal housing law permits racial bias claims based on seemingly neutral practices that may have a discriminatory effect. The nine justices will consider whether the state of Texas violated the Fair Housing Act by...

  • Oct 1- A federal jury on Wednesday said Philips Electronics NA should pay $466.8 million to Masimo Corp for having infringed two patents for technology used to help measure blood oxygen and track pulse rates. Shares of Masimo closed 12.9 percent higher, rising $2.74 to $24.02 on the Nasdaq. Jurors in Wilmington, Delaware needed less than a day of deliberations...

  • Oct 1- A federal jury on Wednesday said Philips Electronics NA should pay $466.8 million to Masimo Corp for having infringed two patents for technology used to help measure blood oxygen and track pulse rates. Shares of Masimo closed 12.9 percent higher, rising $2.74 to $24.02 on the Nasdaq. Jurors in Wilmington, Delaware needed less than a day of deliberations...

  • Oct 1- A former executive at GSI Commerce Inc was sentenced on Wednesday to 15 months in prison for insider trading related to the 2011 takeover of the e-commerce company by online retailer eBay Inc..

  • Oct 1- An affiliate of Brookfield Asset Management won the auction for Atlantic City, New Jersey's bankrupt Revel Casino Hotel with a $110 million bid, but within hours the losing bidder told Reuters he planned to fight the sale. Asked if he would challenge the auction result in court, Florida developer Glenn Straub told Reuters by phone: "absolutely."

  • Oct 1- An affiliate of Brookfield Asset Management won the auction for Atlantic City, New Jersey's bankrupt Revel Casino Hotel with a $110 million bid, but within hours the losing bidder told Reuters he planned to fight the sale in court. Asked if he would challenge the auction result in court, Florida developer Glenn Straub told Reuters by phone: "absolutely."

  • Oct 1- Brookfield Asset Management won the auction for Atlantic City's bankrupt Revel Casino Hotel with a $110 million bid, said two sources familiar with the situation. Revel Casino, which cost $2.4 billion to build, opened in 2012 and closed on Sept. 2 after filing for its second bankruptcy in June.

  • Brookfield wins auction for bankrupt Revel Casino Wednesday, 1 Oct 2014 | 7:09 AM ET

    Oct 1- Brookfield Asset Management has won the auction for Atlantic City's bankrupt Revel Casino Hotel, said a source familiar with the situation. The company bid $110 million for the casino complex, topping a $90- million bid by Florida real estate developer Glenn Straub, who did not submit a superior bid by 5.00 a.m. ET, the source said.

  • WASHINGTON, Sept 30- Four members of an alleged international computer hacking ring were charged with stealing more than $100 million worth of software and data- some of it used to train military pilots and some related to Microsoft Corp's Xbox gaming console- the U.S. Justice Department said Tuesday.

  • WASHINGTON, Sept 30- Four members of an alleged computer hacking ring were charged with stealing more than $100 million worth of software and data- used to train military pilots and related to Microsoft Corp's Xbox gaming console- the U.S. Justice Department said Tuesday.

  • Sept 29- The Florida developer who entered the first bid in an auction for Atlantic City, New Jersey's Revel Casino Hotel, which closed its doors this month, said on Monday he plans to challenge the results if he loses, because the process lacked transparency.