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  • SACRAMENTO, Calif.— Travelers easily whiz from city to city on high-speed trains in many parts of South America, Asia and Europe. Since the first high-speed lines began operating more than 50 years ago in Japan, they have become an essential part of transportation worldwide. "The challenge in America is the scale of America," said Robert Eckels, chief executive of the...

  • MGM asks to delay opening Massachusetts casino by a year Thursday, 25 Jun 2015 | 12:19 PM ET

    BOSTON— MGM wants to delay the opening of its planned resort casino in western Massachusetts by a year because of a major highway project taking place nearby. The Las Vegas casino giant Thursday submitted a revised project schedule Thursday to the state Gaming Commission that calls for construction to be completed in August 2018 and the casino to officially...

  • New era in police recruitment: courting hearts and minds Wednesday, 24 Jun 2015 | 11:48 AM ET

    But most of all, cognizant of the recent turmoil over officer-involved deaths in Ferguson, Missouri, Baltimore and elsewhere, America's police chiefs are looking for compassionate men and women who are in the field to do good. Take Victor Ransom, whose first assignment as an officer in Jersey City, New Jersey, is bringing him to familiar territory: his own...

  • Massachusetts' first slots parlor is open for business Wednesday, 24 Jun 2015 | 2:03 AM ET

    PLAINVILLE, Mass.— Massachusetts jumped into the casino game Wednesday as the state's first slots parlor opened for business to a large and eager crowd of gamblers. state Gaming Commission Chairman Stephen Crosby declared, calling it a "momentous" day for Massachusetts, which became the 40th state to offer casino gambling. Massachusetts has been lagging way...

  • *ConAgra rises after Jana Partners takes stake in company. June 19- U.S. stocks were down in early afternoon trading on Friday, a day after a strong rally pushed the Nasdaq Composite index to a record high, but the major indexes were still on track for their strongest weekly performance in about two months. The Greece crisis also showed no signs of receding.

  • US STOCKS-Wall St falls as rally stalls; Greece eyed Friday, 19 Jun 2015 | 11:40 AM ET

    *ConAgra rises after Jana Partners takes stake in company. June 19- Wall Street fell in late morning trading on Friday, a day after a strong rally pushed the Nasdaq Composite index to a record high, but the major indexes were still on track for their strongest weekly performance in about two months. "When you're facing the turmoil that is all things Greece, and the...

  • June 16- Kirk Kerkorian, the son of poor Armenian immigrants who used his gambler's instincts to became a multibillionaire Las Vegas casino tycoon, Hollywood mogul, airline owner and auto industry investor, died at age 98.. Three different times- in 1969, 1973 and 1993- Kerkorian built the world's biggest hotel in Las Vegas, the desert gambling capital where he...

  • Kirk Kerkorian dead at 98 - CNBC Tuesday, 16 Jun 2015 | 11:13 AM ET

    Kerkorian, who opened the original MGM hotel and casino in the 1960 s after buying the MGM movie studio, in more recent years tried to buy Chrysler Corp but was rebuffed.

  • LONDON, June 15- Tom Hayes, the former star trader on trial on alleged Libor-rigging charges, asked brokers to wine and dine traders at other banks in order to help him distort benchmark interest rates, according to evidence presented in a London court on Monday. Hayes promised to reward brokers who used their contacts at other banks involved in the Libor-setting...

  • *Tame China inflation data, Greece worries weigh on sentiment. NEW YORK, June 9- U.S. stocks ended Tuesday virtually unchanged after a choppy trading day with investors hesitant to make bets while a sharp increase in oil prices failed to boost energy stocks. Investors are making more defensive bets because of uncertainty about what will happen in Greece and the...

  • ST. LOUIS, June 4- Many criminals and some legitimate businessmen who don't want the U.S. government to be informed of their financial activity rely on a simple tactic: break up bank deposits and withdrawals so that each is under $10,000. Hastert, who left Congress in 2007, was charged with structuring the withdrawal of more than $950,000 in cash to evade a...

  • HP CEO says split effective from Nov 1 Tuesday, 2 Jun 2015 | 6:05 PM ET

    June 2- Hewlett-Packard Co Chief Executive Meg Whitman said the separation of HP Inc and Hewlett-Packard Enterprise would be effective on Nov. 1. Whitman made the announcement during the company's technology event, HP Discover 2015, in Las Vegas on Tuesday. The world's No. 2 personal computer maker said in October it would split into two listed companies,...

  • CHICAGO, May 27- The operating unit of Caesars Entertainment Corp received court approval on Wednesday to remain in control of its bankruptcy for another six months. Bankruptcy Judge Benjamin Goldgar in Chicago allows the country's largest casino operator to pursue its plan for cutting its $18 billion debt without the threat of a rival plan from creditors.

  • HONG KONG, May 27- As revenue plummets at China's only legal gambling hub, global casino operators have a new mantra- what happens in Vegas, must also happen in Macau. The latter's two new resort projects, worth $3.2 billion, open in Macau later on Wednesday. As well as the mainland's crackdown, Macau's government is forcing casino firms, also including SJM Holdings...

  • EAST DUBUQUE, Illinois, May 25- Mario Enriquez says there's no real trick to getting great fuel mileage in a big truck. Enriquez averaged 9.74 miles per gallon from February to April in an International ProStar made by Navistar International Corp. For that, his employer, Mesilla Valley Transportation, awarded him a Nissan Versa compact car.

  • ST LOUIS, May 22- A federal grand jury is probing a Los Angeles- area casino following allegations by state authorities the business allowed some players to evade transaction reporting requirements and possibly launder money, a source said. The grand jury is probing the operations of the Gardena- based Normandie Casino, the source said. Lauren Miller, general...

  • U.S. airlines ramp up competition, capacity in Dallas Wednesday, 20 May 2015 | 6:45 PM ET

    May 20- The shares of U.S. airlines plunged on Wednesday on concerns that several big carriers are gearing up for a fare war, with Dallas as ground zero. Southwest said the acquisition of two airport gates at its Dallas Love Field hub will contribute to the increase. American Airlines Group Inc President Scott Kirby said during a transportation conference on...

  • NEW YORK, May 20- JetBlue Airways Corp believes it had no way to know it should have grounded a former pilot before his midair meltdown forced an emergency landing, and that his $14.9 million damages lawsuit should be dismissed. "There is absolutely nothing JetBlue could have done to prevent the unforeseeable and scary events" caused by Clayton Osbon's erratic...

  • At Sharp, decline marked by over-confidence, drift Friday, 15 May 2015 | 12:35 AM ET

    TOKYO, May 15- In private conversations early last year, executives at Japanese display maker Sharp Corp dubbed their new client "winning horse," reckoning. Within months, however, Sharp found it was sharing Xiaomi revenue as upstart rival Japan Display also struck a deal to supply the Chinese firm with its "in-cell" displays. Once among the top display suppliers to...

  • Why Ted Cruz is wowing some of Wall Street's money-men Thursday, 14 May 2015 | 1:00 AM ET

    NEW YORK, May 14- Presidential candidate Ted Cruz, a Tea Party favorite and leading figure in the 2013 government shutdown that rattled investors, isn't the kind of politician who usually wins a lot of friends among Wall Street campaign donors. Despite the uncompromising rhetoric, Cruz is winning praise from some potential Wall Street donors, including bankers...