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  • 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...

  • 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...

  • WASHINGTON, Jan 15- The number of U.S. properties in the process of being foreclosed upon dropped last year to its lowest level since 2006, real estate data firm RealtyTrac said on Thursday. The data for the year overall showed the foreclosure market is "close to finding a floor and stabilizing at a historically normal level," Daren Blomquist, vice president at...

  • 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.

  • 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.

  • 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...

  • DETROIT, Jan 8- Fully automated driverless cars could make up nearly 10 percent of global vehicle sales, or about 12 million cars a year, by 2035, the Boston Consulting Group said on Thursday. "This will be as radical a change as the auto industry has seen in 100 years," said Thomas Dauner, head of BCG's global automotive practice. Vehicle manufacturers, including...

  • Media embracing digital TV with strings attached Thursday, 8 Jan 2015 | 4:05 PM ET

    NEW YORK/ LAS VEGAS Jan 8- Media companies that are starting to allow their programs onto Internet-delivered TV and mobile devices are putting limits on digital rights as a safety hatch if problems arise with the new distribution systems, executives say. Media companies are considering joining streaming-only services, or launching their own like HBO and CBS,...

  • WASHINGTON/ LAS VEGAS, Jan 7- The top U.S. communications regulator on Wednesday endorsed the regulatory standard applied to telephone companies in remarks seen as the strongest indication yet that he planned to side with President Barack Obama on strict "net neutrality" rules. Comments by Federal Communications Commission Chairman Tom Wheeler at the...

  • LAS VEGAS/ WASHINGTON, Jan 7- The top U.S. communications regulator on Wednesday touted a "just and reasonable" standard for policing Internet traffic in remarks seen as the strongest indication yet that he plans to follow President Barack Obama's lead on "net neutrality." The remarks by Federal Communications Commission Chairman Tom Wheeler at a trade show in...

  • Daimler's Mercedes-Benz has a different idea from Ford- and worlds apart from Internet company Google Inc, which has jolted the automotive establishment with its high-profile effort to develop a fully self-driving city car. Where Ford wants to make autonomous cars for "Everyman," and Google envisions cars as pod-like appliances, Daimler presented robotic...

  • SAN FRANCISCO, Jan 6- Intel Corp Chief Executive Brian Krzanich showed off a computer built into a jacket button and a wristband that transforms into a selfie-snapping flying camera, as the chipmaker extends its push into smart wearable gadgets. Krzanich used most of his keynote to talk up Intel's efforts in computerized apparel and other sensor-packed...

  • LAS VEGAS, Jan 6- Sony Corp Chief Executive Kazuo Hirai on Tuesday said he does not expect the November cyber attack on the company's film studio to have a significant financial impact, two weeks after the studio rolled out the movie at the heart of the attack. Sony's network was crippled by hackers as the company prepared to release "The Interview," a comedy about a...

  • LAS VEGAS, Jan 6- Sony Corp Chief Executive Kazuo Hirai does not see the November cyber attack on Sony Pictures Entertainment causing major upheaval in the studio's business. Sony's network was crippled by hackers as the company prepared to release "The Interview," a comedy about a fictional plot to assassinate North Korea's leader Kim Jong Un.