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  • SAN FRANCISCO/ BEIJING/ SHANGHAI, Jan 16- China's Alibaba Group Holding Ltd plans a major move to win U.S. business this year, by offering American retailers new ways to sell to China's vast and growing middle class. Anchored by Alipay, the dominant Chinese electronic payments system that works closely with Alibaba and is controlled by its executives, the world's...

  • Wynn touts $1.6B casino in Boston appearance Thursday, 15 Jan 2015 | 6:59 PM ET

    BOSTON— Casino mogul Steve Wynn, in his first public appearance in Massachusetts since winning the lucrative Boston- area gambling license, promised on Thursday that his $1.6 billion resort for the Everett waterfront will echo the "grand hotels" of the past, offering the largest hotel rooms outside of Las Vegas and other luxury amenities. In his roughly 25-...

  • It's no secret that a unit of casino giant Caesars Entertainment Corp. owes billions of dollars to lenders, hedge funds and investments firms stemming from a $30.7 billion buyout in 2008 that was paid for, primarily, with debt. Gordon Ramsay Pub& Grill locations are inside Caesars Palace and planned for its Caesars Atlantic City property. The restaurant chain...

  • WILMINGTON, Delaware/ CHICAGO Jan 15- The operating unit of Caesars Entertainment Corp, the largest U.S. casino company, filed for Chapter 11 bankruptcy on Thursday in Chicago to cut $10 billion of debt, but a Delaware judge intervened to halt the case before it got started. The bankruptcy was filed overnight by Caesars Entertainment Operating Company Inc and 179...

  • Pennsylvania casino revenues drop for second year Thursday, 15 Jan 2015 | 2:25 PM ET

    "Increased competition from surrounding states, which are also offering conveniently located casinos to its highest populations centers such as in Pennsylvania, continues to be the biggest impact to growth here," said gaming board spokesman Dough Harbach. Yet Pennsylvania fared well compared to next-door neighbor New Jersey, whose gambling industry...

  • Mariah Carey to launch Las Vegas shows in May Thursday, 15 Jan 2015 | 9:53 AM ET

    NEW YORK— Mariah Carey is heading to Sin City. Caesars Palace announced Thursday that the 44- year-old pop icon would open a series of shows May 16 at The Colosseum in Las Vegas. Carey, a judge on "American Idol" for one season and the mother of 3- year-old twins, is following in the steps of Britney Spears, Celine Dion and Shania Twain, who have performed their worldwide...

  • Jan 15- The operating unit of Caesars Entertainment Corp, the largest U.S. casino company, filed for Chapter 11 bankruptcy on Thursday to implement its plan to cut $10 billion of debt, but faced an immediate challenge over where the case should proceed. The bankruptcy protection was filed by Caesars Entertainment Operating Company Inc and scores of affiliates...

  • LAS VEGAS— A cash-strapped division of casino giant Caesars Entertainment Corp. filed for bankruptcy protection Thursday in Chicago, hoping the court agrees to its plan to get out from under $18.4 billion in debt. The bankruptcy filing doesn't apply to parent company Caesars Entertainment Corp. and affiliated companies Caesars Growth Partners and...

  • LAS VEGAS— Caesars unit says it filed Chapter 11 bankruptcy in bid to trim its $18.4 billion debt burden.

  • Markets split on endgame for Caesars' looming bankruptcy Wednesday, 14 Jan 2015 | 7:17 PM ET

    Jan 14- On the eve of Caesars Entertainment Corp's $10 billion debt-cutting bankruptcy, markets are reflecting two competing views of how the casino company's high-stakes plan will play out. "The fact there is equity value in Caesars, that equity value describes a really optimistic view of how this will play out," said Chris Snow, an analyst with CreditSights.

  • Jan 13- Apple Inc has been granted a patent for a wearable camera that could possibly challenge action cameras made by GoPro Inc.. The patent, which cites specific weaknesses in GoPro's cameras, includes details about a camera system that can be mounted on bike helmets or scuba masks, Apple said in an application filed with the U.S. JMP Securities analyst Alex...

  • LAS VEGAS, Jan 13- Sony Corp CEO Kazuo Hirai has weathered a crisis over a cyberattack on its Hollywood studio and its controversial comedy "The Interview", but his toughest moment may be just arriving as he prepares a new business revival plan. Sony, which has cut its earnings forecasts six times on Hirai's watch, forecasts a 230 billion yen net loss for the business...

  • Jan 12- A group of hedge fund creditors of Caesars Entertainment Corp sought on Monday to force its main operating unit into bankruptcy and to appoint an independent examiner to investigate what they allege was the plundering of the company. The involuntary bankruptcy petition was filed by affiliates of Appaloosa Management, Oaktree Capital Management and...

  • The companies are adopting the technology to help keep customers from cancelling subscriptions in favor of streaming services such as Netflix Inc, Amazon and Hulu, which are far cheaper and also come with user-friendly guides to make finding shows easier. "Every consumer will agree it's terrible," Forrester Research analyst James McQuivey said.

  • How a beer came to sponsor a brothel Friday, 9 Jan 2015 | 7:22 PM ET
    Prostitutes walk out for a "lineup" for a customer at Sheri's Ranch, a legal brothel in Pahrump, Nev., Jan. 31, 2003.

    There is a brothel in Nevada with a Budweiser room, which tells a unique tale about how brands promote themselves.

  • Analysts expect companies presenting at the conference- which include Lululemon Athletica, Big Lots and Guess- to shine a light on holiday trends and discuss business expectations for 2015, and in some cases update their outlooks. J.C. Penney Co, American Eagle Outfitters and Aeropostale Inc all had strong results, though Macy's disappointed.

  • Five of the weirdest products we saw at CES Friday, 9 Jan 2015 | 2:18 PM ET
    Smart spider dress, powered by Intel Edison

    Let's face it, technology can get weird. And you don't have to roam very far at CES before you run into some, well, interesting products.

  • Jan 9- Caesars Entertainment Corp said on Friday it has garnered enough support from key creditors to carry out its $18.4 billion debt restructuring plan for its operating unit, which will soon file for bankruptcy. The plan will reduce the debt associated with Caesars Entertainment Operating Co Inc to $8.6 billion from $18.4 billion. Caesars has been weighed...

  • Jan 9- Caesars Entertainment Corp said on Friday it has garnered enough support from key creditors to carry out its $18.4 billion debt restructuring plan for its operating unit, which will soon file for bankruptcy. The plan will reduce the debt associated with Caesars Entertainment Operating Co Inc to $8.6 billion from $18.4 billion. Caesars has been weighed...

  • TOKYO, Jan 9- Canon Inc and other Japanese electronics companies want to bring production of some goods back home, reversing a years-old trend of overseas manufacturing as a rapid decline in the value of the yen makes local goods more competitive. Sharp Corp is also looking at lifting the ratio of LCD televisions and refrigerators made in Japan to counter the...