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  • Prison for bank exec who used firm's card for wine Wednesday, 1 Oct 2014 | 4:33 PM ET

    PORTLAND, Maine— A former TD Bank executive who used a company credit card to buy $240,000 in Champagne and lap dances at strip clubs to ease his stress from work has been sentenced to 18 months in prison. The Portland Press Herald reports 42- year-old Jeffrey Burnham of Arundle, Maine, had pleaded guilty in U.S. District Court in Portland to a felony charge of theft...

  • 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.

  • NEW YORK, Oct 1- U.S. private employers added 213,000 jobs in September, just above economists' expectations, a report by a payrolls processor showed on Wednesday. The numbers came ahead of September data on the U.S. manufacturing sector, with separate reports due at 9:45 a.m. EDT and 10 a.m., and a reading on construction spending due also at 10 a.m..

  • 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.

  • Manager arrested in wake of Miami shooting Wednesday, 1 Oct 2014 | 6:55 AM ET

    MIAMI— The manager of a restaurant where 15 people were shot during a teen party over the weekend was arrested for selling liquor without a license, authorities said Tuesday.

  • Amazon's 2nd Florida fulfillment center opens Wednesday, 1 Oct 2014 | 3:01 AM ET

    RUSKIN, Fla.— Amazon's second regional fulfillment center in Florida is up and running. Florida's first fulfillment center opened in August in Polk County. As part of a deal with Florida officials to bring a physical presence to the state, the Seattle- based company has been collecting Florida's 6 percent sales tax from residents since May.

  • Revel auction still taking bids, did not adjourn Wednesday, 1 Oct 2014 | 12:45 AM ET

    ATLANTIC CITY, New Jersey— The bankruptcy auction of Atlantic City's former Revel Casino Hotel ground into its third day early Wednesday as lawyers for the bankrupt resort continued to weigh bids.

  • The claim by Eco Agro Resources came in a court filing in U.S. District Court in North Carolina in early September in response to an August patent infringement lawsuit against it by Koch Agronomic Services.

  • Sept 30- An affiliate of Brookfield Asset Management has topped Florida real estate developer Glenn Straub's $90 million bid for the bankrupt Revel Casino Hotel in Atlantic City, the Wall Street Journal reported, citing sources.

  • Brookfield bids for Atlantic City's Revel Casino - WSJ Tuesday, 30 Sep 2014 | 1:24 PM ET

    Sept 30- An affiliate of Brookfield Asset Management has topped Florida real estate developer Glenn Straub's $90 million bid for the bankrupt Revel Casino Hotel in Atlantic City, the Wall Street Journal reported, citing sources.

  • Consumer confidence reaches post-recession high Tuesday, 30 Sep 2014 | 12:21 PM ET

    GAINESVILLE, Fla.— Florida's consumer confidence is at its highest mark since the Great Recession. The monthly University of Florida survey released Tuesday shows consumer confidence was 83 in the month of September. Chris McCarty, director of the UF center that does the survey, said the rise is a "welcome development" since the rate had been flat.

  • US home prices rise at slowest pace in 20 months Tuesday, 30 Sep 2014 | 9:02 AM ET

    WASHINGTON— U.S. home prices in July increased at the slowest pace in 20 months, reflecting sluggish sales and a greater supply of houses for sale. The Standard& Poor's/Case-Shiller 20- city home price index rose 6.7 percent in July from 12 months earlier. That's down from an 8.1 percent gain in June and the smallest increase since November 2012.

  • Masco spinning off installation division Tuesday, 30 Sep 2014 | 8:54 AM ET

    TAYLOR, Mich.— Building products maker Masco is spinning off its installation and other services division in a series of moves aimed at boosting shareholder value. Once the separation takes place, Masco will remain headquartered in Taylor, Michigan. Those businesses accounted for about $1.4 billion of Masco's $8.17 billion in 2013 revenue.

  • MADRID, Sept 30- A raft of new cancer drugs promise better, longer-lasting treatments with fewer adverse side effects-- but their high cost is a growing concern. Price-- just as much as safety and efficacy-- has proved a hot topic for nearly 20,000 oncology experts at the European Society for Medical Oncology annual congress in Madrid.

  • Revel auction off till Monday; $98M top bid Tuesday, 30 Sep 2014 | 1:58 AM ET

    Brookfield Asset Management, which owns casinos in Las Vegas and the Bahamas, bid $98 million for Revel on Tuesday. It's vying with Florida developer Glenn Straub for the right to buy the $2.4 billion Revel for pennies on the dollar. Brookfield owns the Hard Rock Hotel& Casino in Las Vegas and the Atlantis Paradise Island in the Bahamas.

  • Sept 30- Bill Gross's sudden departure from Pimco and the Total Return Fund he ran for 27 years was the last straw for Jim Phillips, president of Retirement Resources, a Peabody, Massachusetts- based firm that advises 401 plans with $50 million to $100 million in assets.

  • 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.

  • Sept 29- Catalyst Pharmaceutical Partners Inc said its lead drug was found superior in treating symptoms associated with a rare autoimmune disorder, compared with a placebo.