Discussing whether sports betting could help New Jersey raise extra revenue, and what's next for Atlantic City, with Maglan Capital co-founder David Tawil.» Read More
WASHINGTON— Potential complications await consumers as President Barack Obama's health care law approaches its second open enrollment season, just two months away. Don't expect a repeat of last year's website meltdown, but the new sign-up period could expose underlying problems with the law itself that are less easily fixed than a computer system.
ATLANTIC CITY, N.J.— The proposed auction date for the Revel Casino Hotel is too soon and a $3 million breakup fee that would go to a Florida developer if he's outbid for the recently shuttered site is inappropriate, a U.S. Bankruptcy Court trustee said.
NEW YORK, Sept 12- The recent wobbly stretch in both stocks and bonds may persist for the short term if the U.S. "If investors feel the Fed is becoming more hawkish, that's actually a negative for all asset classes with the exception of the dollar," said Chris Gaffney, senior market strategist at EverBank Wealth Management in St. Louis, Missouri.
Goldman Sachs and Credit Suisse are the lead underwriters for the IPO, the New Jersey- based company said in a filing with the U.S. Securities and Exchange Commission on Friday. Freshpet's filing listed private equity firm MidOcean Partners LP and Tyson Foods Inc, the largest U.S. meat processor, as investors.
Sept 12- Pfizer Inc and India's Ranbaxy Laboratories Ltd on Friday won dismissal of an antitrust lawsuit accusing them of conspiring to delay sales of generic versions of the cholesterol drug Lipitor, the best-selling drug in history.
*Gold hits lowest since Jan. 10, below $1,230/ oz. NEW YORK/ LONDON, Sept 12- Gold slumped to an eight-month low on Friday, dropping 1 percent as a lack of physical and investment demand and widespread commodities losses weighed on bullion. Gold's losses also pressured silver and platinum group metals, with platinum hitting a 2014 low earlier in the session.
ATLANTIC CITY, N.J.— Atlantic City's casino revenue declined by 1.2 percent in August compared with a year ago as another gambling hall shut down at the end of the month. Figures released by the New Jersey Division of Gaming Enforcement began to show the impact Atlantic City's casino consolidation is having on the market's revenue stream.
WASHINGTON— The federal government says Bayer is making unsupported claims in advertisements for its dietary supplement designed to help with digestion, in violation of a federal court order.
NEW YORK, Sept 12- U.S. stocks were lower in afternoon trading on Friday, with energy shares extending recent losses after the Treasury department announced new sanctions against Russia. Exxon Mobil Corp was down 1.1 percent and ConocoPhillips was down 1.2 percent.
Trump Entertainment Resorts told The Associated Press it filed the notices earlier this week, saying it could close Nov. 13. Local 54 of the Unite-HERE union says Trump Entertainment wants Taj Mahal workers to give up their health insurance and pension plans in return for keeping the company open.
NEW YORK, Sept 12- U.S. stocks were lower at midday on Friday, with energy shares extending recent losses after the Treasury department announced new sanctions against Russia. Exxon Mobil Corp and ConocoPhillips each lost 1 percent.
WASHINGTON, Sept 12- Wall Street executives may have personally escaped the wrath of the U.S. Department of Justice but executives at companies accused of foreign bribery schemes may not be so lucky.
A labor group filed an ethics complaint Friday claiming it was improper that the man who oversees investments of New Jersey's pension funds was also involved in Gov.
NEW YORK, Sept 11- Two Mexican companies have sued Yahoo Inc and law firm Baker& McKenzie in New York federal court, accusing them of engineering a conspiracy to avoid a $2.7 billion judgment issued by a Mexican court in 2012..
NEW YORK, Sept 11- U.S. stocks recovered from early losses on Thursday, with the S&P 500 managing a slight gain as energy prices and oil stocks turned higher and financials lent support.
NEW YORK/ WASHINGTON, Sept 11- Wilmington Trust Co, now part of M&T Bank Corp, will pay $18.5 million to settle charges that it underreported the amount of construction loans that were not being repaid after the financial crisis, the U.S. Securities and Exchange Commission said on Thursday.
NEW YORK, Sept 11- U.S. specialty drugmaker Akorn Inc is exploring a bid for Belgian drugmaker UCB SA's U.S. subsidiary, a deal that would allow the company to move its tax domicile overseas in a practice known as inversion, according to people familiar with the matter.
WASHINGTON, Sept 11- The number of Americans filing new claims for unemployment benefits unexpectedly rose last week, but that probably does not signal a material shift in labor market conditions as claims remain near their pre-recession levels.
The agency has expanded its My Tix application to 59 bus routes in the south Jersey and Philadelphia area. Customers must download the free My Tix application at the App Store for iOS phones and the Google Play Store for Android devices. My Tix is available on all NJ Transit rail lines.
The Federal Emergency Management Agency is scrutinizing about 4,500 households that it suspects received improper payments after the storm, according to program officials and data obtained by The Associated Press through a public records request. As of early September, FEMA had asked around 850 of those aid recipients to return a collective $5.8 million.