Darden Restaurants said CEO and chairman Clarence Otis is resigning as the company focuses on its Olive Garden chain following the Red Lobster sale.» Read More
ATLANTIC CITY, N.J.— Atlantic City's mayor said Wednesday there are six potential buyers for the Revel Casino Hotel, which is up for sale next month at a bankruptcy auction. However, a deed restriction as part of the sale from Caesars Entertainment to a Florida firm prohibits the building from being used again as a casino.
WASHINGTON, July 23- U.S. regulators and 15 states announced a wave of lawsuits on Wednesday against law firms and mortgage assistance companies they said have scammed borrowers since at least 2011 by falsely promising home loan modifications and other foreclosure relief.
NEW YORK— Brooklyn Roasting Co. has a booming business based on helping people thousands of miles away. Sales of its Fair Trade coffee, which comes from Mexico, Peru, Indonesia and Ethiopia, have soared from $900,000 in 2011 to $4.4 million last year.
WASHINGTON— The chairman of the Senate Veterans' Affairs Committee said Wednesday there is still time for Congress to approve a landmark bill to improve health care services for veterans, despite deep disagreement over how much the changes will cost and how they should be paid for.
ORLANDO, Fla.— Tupperware Brands Corp. said Wednesday that its second-quarter profit fell 38 percent from the same period a year ago, hurt by falling sales of its storage containers and cosmetics in North America and Germany and unfavorable currency exchange rates.
James Whelan, a former Atlantic City mayor, and Assemblymen Vince Mazzeo and Chris Brown wrote Tuesday to the state Casino Control Commission asking for the delay.
WEST PALM BEACH, Fla.— The man who invented the popular magicJack device has died in Florida. MagicJack Vocaltec Ltd. says in a statement that Dan Borislow died Monday. MagicJack pioneered phone calls over the Internet, advertised as a means of "eliminating your monthly phone bill forever."
*Q2 earnings $2.76/ share vs $2.64 a year earlier. July 22- Lockheed Martin Corp, the Pentagon's largest defense supplier, reported a 3.5 percent rise in quarterly profit on Tuesday and raised its full-year earnings forecast, sending its shares up more than 2 percent.
*U.S. players include Gogo, Honeywell, Golden Eagle. LONDON, July 22- The web-connected aircraft cabins of the future, powered by technology on show at last week's Farnborough Airshow, are offering a path to investor returns through suppliers like Cobham Plc and Thales SA.
July 22- Health insurer Centene Corp reported a 24 percent jump in quarterly profit, beating market estimates for the sixth straight quarter, as the company's premium and services revenue surged after it expanded in Florida, Ohio and California.
NEW YORK— A Florida widow awarded $23.6 billion in the death of her chain-smoking husband on Monday called the massive verdict a message to Big Tobacco, even though she likely won't see much if any of the money. In another major tobacco trial, a $28 billion verdict in a 2002 case in Los Angeles turned into $28 million after appeals.
BOSTON— A JetBlue pilot from Florida is among six people arrested by Boston police over the weekend in an investigation of drug dealing incidents near the Boston Common. Police said John Manwaring, 42, of Maitland, Florida, and a woman with him were charged with heroin possession. Police said Manwaring told them he was a pilot and had arrived in Boston on Sunday.
It once owned a handful of stores in New York City, Seattle and Philadelphia but closed most, including one in Times Square, in 2010.. At the same time Starbucks Corp last week opened its first store in Colombia 43 years after the world's biggest coffee chain began buying beans from the country famous for its premium arabica coffee.
NEW YORK, July 21- Coca-Cola Co may have annual profits of about $9.3 billion, but that princely sum could fall short of what the world's largest soda maker needs to tempt would-be franchisees into taking over more of its regional bottling operations.
MIAMI BEACH, Fla.— It was nearly show time as designer Francesca Aiello snapped pictures backstage of models in her latest swimwear designs. This was Frankie's Bikinis' debut show for the 19- year-old designer at Mercedes-Benz Fashion Week Swim in Miami Beach, but Aiello is a pro when it comes to social media.
Alex and Ani says a California- based company, Elite Level Consulting, pretended it was going to give out its trendy bracelets in VIP goodie bags at a film festival and at a dressage competition, or as the judge describes it in his order, "horse ballet.
NEW YORK— CBS Outdoor Americas Inc. said Monday that it will buy about 1,100 billboards from rival Van Wagner Communications for $690 million in cash, giving the outdoor advertising company control of more billboards in some of the largest cities around the country.
Shares of Reynolds American stumbled in premarket trading Monday in the first trading since a Florida jury awarded $23.6 billion in punitive damages against its R.J. Reynolds Tobacco Co.. Even so, the analyst said the award may stir concern about its near-term impact on a $25 billion acquisition Reynolds American Inc. announced last week.
ORLANDO, Fla.— Florida led the nation in foreclosures during the first half of the year. Miami had the nation's highest metro area foreclosure rate, with 1 in 61 homes involved in a filing in the first half of the year. Miami was followed by Orlando, Port St. Lucie, the Space Coast and Tampa in having the top five foreclosure rates by metro areas.
SAN JUAN, Puerto Rico— Puerto Rico's government has managed its first balanced budget in more than a decade. "Most people are very much in a watch-and-wait mode," said David Tawil, co-founder and portfolio manager of New York- based Maglan Capital. One looming threat is the condition of the Puerto Rico Electric Power Authority, which is roughly $9 billion in debt.