The lawyer for a Florida developer who has offered $90 million for the former Revel Casino Hotel says multiple offers have been received for it, and an auction will be held Wednesday.» Read More
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.
ATLANTIC CITY, N.J.— A bankruptcy court auction for Revel, the failed luxury casino-hotel on the Atlantic City Boardwalk, is scheduled to resume. The lone bid made public thus far is $90 million from Florida developer Glenn Straub, who envisions a gathering place for "geniuses" tackling a number of problems, with or without a casino.
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.
The Florida developer who entered the first bid in an auction for Atlantic City, New Jersey's Revel Casino Hotel says the process lacked transparency.
The Equal Employment Opportunity Commission brought one lawsuit in Florida and another in Michigan on Thursday on behalf of two transgender employees. In one case, funeral home director Amiee Stephens was fired after she told her employer in Michigan she was undergoing a gender transition, the government alleged.
DALLAS— As their plane climbed away from Belize City, American Airlines pilot Brian Will and his co-pilot were ready to detour several hundred miles to avoid a wall of bad weather in front of them. The system on Will's plane was made by Rockwell Collins Inc. and just hit the market in February.
Sept 29- A federal judge rejected a settlement of a lawsuit challenging longtime Abercrombie& Fitch Co Chief Executive Michael Jeffries' pay, saying it offered little benefit to shareholders despite "serious" allegations of wrongdoing.
If we don't contribute politically and get out there with the candidates, we can't help shape what happens, "said Patrick McManamon, head of Cleveland- based Cannasure Insurance Services, which offers insurance to marijuana growers and dispensaries.
MIAMI— Why so many minors were present at a nightclub during a pre-dawn shooting is among several mysteries Miami Police are trying to solve as they interview dozens of witnesses to the weekend chaos that left 15 people wounded. Among those hit by gunfire early Sunday morning at The Spot were five girls ranging in age from 11 to 17, Miami Fire Rescue Capt.
LOS ANGELES— Most of the nearly 60,000 Central American children who have arrived on the U.S.- Mexico border in the last year still don't have lawyers to represent them in immigration court, and advocates are scrambling to train volunteer attorneys to help cope with the massive caseload.
DES MOINES, Iowa— The rapidly rising demand for locally grown fruits and vegetables has created a robust new market for refugees who fled violence in their home countries and found peace in farming small plots of land in several U.S. cities.
*AstraZeneca says tolerability profile encouraging. MADRID, Sept 27- Early results for a closely watched cancer drug combination from AstraZeneca that boosts the immune system show the cocktail is promising, though limited patient numbers mean the data is far from conclusive.
CHICAGO— Airlines were scrambling to accommodate travelers whose flights were canceled after a contract employee allegedly set a fire at a suburban Chicago air traffic control center where he worked, halting flights at two of the nation's busiest airports. By Friday night, more than 2,000 flights in and out of Chicago had been canceled.
DETROIT/ TOKYO, Sept 26- The safety recall in parts of the United States of millions of vehicles with potentially defective air bags made by Japan's Takata Corp may expand to include General Motors Co, according to documents filed this week with U.S. regulators.
NEW YORK— A shareholder advisory firm said Friday that Darden Restaurants shareholders should elect a new board of directors proposed by activist investor Starboard Value. Darden Restaurants Inc. is based in Orlando, Florida, and it runs restaurants including the Olive Garden, Longhorn Steakhouse, and The Capital Grille.
JOHANNESBURG, Sept 26- Global warming in Africa may soon move bond markets. In 2016, the first climate change bonds will be issued from Africa- unique instruments that will enable the world's poorest continent to tap both capital markets and donor funds to bolster its defenses against extreme weather events such as prolonged drought or extreme heat.
*Medicaid expansion key part of Obama's healthcare reform. Up to a dozen states, including several led by Republicans, could move forward with plans to expand coverage under Medicaid after the November elections. Texas Governor Rick Perry once said expanding Medicaid would be similar to "adding a thousand people to the Titanic."