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  • 2014 timeline of Atlantic City's battered casinos Sunday, 28 Dec 2014 | 12:15 PM ET

    —Jan. 14: State regulators announce that Atlantic City casino revenue fell below $3 billion for the first time in 22 years, dipping to $2.86 billion for 2013.. —May 7: Caesars Entertainment CEO Gary Loveman says Atlantic City has too many casinos, and one or more needs to close. —June 10: The Borgata Hotel Casino& Spa gets a refund of more than $88 million under a settlement...

  • Atlantic City eager for 2015 after its worst year Sunday, 28 Dec 2014 | 12:03 PM ET

    ATLANTIC CITY, N.J.— Few people are more eager to see the clock strike midnight on Dec. 31 than Atlantic City casino executives and the thousands of workers who still have jobs there. Several major developments are expected in 2015 that will help shape Atlantic City's future, including the outcome of state efforts to help the struggling resort town, a decision on...

  • Congress likely to make key decisions on drones Sunday, 28 Dec 2014 | 5:00 AM ET

    WASHINGTON— The Obama administration is on the verge of proposing long-awaited rules for commercial drone operations in U.S. skies, but key decisions on how much access to grant drones are likely to come from Congress next year. Meanwhile, except for a small number of companies that have received FAA exemptions, a ban on commercial drone flights remains in place.

  • New Jersey officials pleading for Mercedes to stay Saturday, 27 Dec 2014 | 1:15 PM ET

    German luxury automobile maker Mercedes-Benz hasn't even publicly said it's considering moving its U.S. headquarters out of New Jersey, but some state officials are so concerned about the possibility they're campaigning publicly to try to keep the company and its 1,000 jobs where they are. The possibility of Mercedes-Benz USA, the U.S. marketing and...

  • Insurers dogged by claims of slanted Sandy reports Saturday, 27 Dec 2014 | 9:50 AM ET

    NEW YORK— When Superstorm Sandy hit the East Coast, flood insurance companies working for the Federal Emergency Management Agency dispatched an army of structural engineers to do some detective work. But the issue got the attention of a federal judge in New York after a Long Island family uncovered evidence that an engineer who examined their property had...

  • Policies of GOP governors could find national play Saturday, 27 Dec 2014 | 3:20 AM ET

    MADISON, Wis.— One group of potential candidates for president probably won't be shuffling off to Iowa, New Hampshire or other early campaign spots in the new year. Scott Walker of Wisconsin, Mike Pence of Indiana, Rick Snyder of Michigan and John Kasich of Ohio were all elected after Republicans began taking political control of the middle of the country back in...

  • It was a year when Cynk Technology, a development-stage company with no revenue, was briefly worth $6 billion, and when a long-forgotten closed-end fund focused on Cuba- the Herzfeld Caribbean Basin Fund- saw more trading in one day in December than it had in six years. With a current market value of about $663 billion, if one were to pick a company that would be the...

  • Penny parking thriving in small Illinois town Friday, 26 Dec 2014 | 10:46 AM ET

    SYCAMORE, Ill.— Mike Stolarski didn't need but a few minutes to grab a cup of coffee. In a time of strained city budgets, this community of 18,000 residents an hour west of Chicago is one of a handful still holding onto meters that accept pennies, nickels and dimes around its town square. The City Council quadrupled the fine for parking tickets a few years ago.

  • Paid sick leave gathers momentum in New Jersey Friday, 26 Dec 2014 | 10:17 AM ET

    NEWARK, N.J.— Shenida Griffith knows all too well what it's like to have to choose between taking care of a sick kid and holding down a job. The Trenton resident says she was fired two years ago from a chain restaurant after her son, now 5, was hospitalized and she asked to take several days off to care for him. New Jersey Citizen Action, a watchdog group, has helped...

  • Report: Overtime runs rampant at Port Authority Friday, 26 Dec 2014 | 7:57 AM ET

    TRENTON, N.J.— More than 130 Port Authority of New York and New Jersey employees have more than doubled their base salaries this year by working so much overtime in the first nine months of 2014, according to a newspaper analysis that found that 13 police officers will make more than the agency's executive director. Excessive overtime has been a perennial issue...

  • Potential Revel casino buyer wants discount Thursday, 25 Dec 2014 | 12:58 PM ET

    ATLANTIC CITY, N.J.— The Florida developer in line to purchase the former Revel Casino Hotel in Atlantic City says in court filings that the auction for the property wasn't run fairly and he wants an $8 million discount. Lawyers for Glenn Straub said in a court filing Wednesday that the property should be sold for $87 million, not the $95.4 million runner-up bid his...

  • At 101, dedicated union rep is calling it quits Thursday, 25 Dec 2014 | 10:29 AM ET

    NEW YORK— At 101, Charlie Ponti has finally decided to retire for good— probably. On Dec. 31, he will officially finish up a 77- year stint with the Office and Professional Employees International Union Local 153, where he started as a business representative and organizer and ended as the president of the local's retirees association. The Rutherford, New Jersey,...

  • MF Global Holdings to pay $1.21B in restitution Wednesday, 24 Dec 2014 | 1:39 PM ET

    The Commodity Futures Trading Commission said Wednesday that a New York court required the payment to ensure that claims made of its subsidiary, MF Global Inc., are paid. MF Global Inc. had already settled with the CFTC in 2013. It was required to repay $1.21 billion to its customers, plus a $100 million penalty. MF Global Holdings, the New York- based parent company,...

  • Appeals court: Staten Island toll discount allowed Wednesday, 24 Dec 2014 | 11:43 AM ET

    NEW YORK— Fare discounts offered to Staten Island residents and others for some New York City bridge crossings are constitutional, a federal appeals court said Wednesday, rejecting challenges from residents in four states who complained the practice was discriminatory. The 2nd U.S. Circuit Court of Appeals in Manhattan rejected claims by motorists in New...

  • Church-based institutions ponder same-sex benefits Tuesday, 23 Dec 2014 | 1:22 PM ET

    Many religious-based institutions are making no changes or sitting on the sideline, perhaps waiting to see if the U.S. Supreme Court will settle whether gay couples should be able to marry in every state. The University of Notre Dame almost immediately decided to offer benefits to same-sex spouses after a court ruling in October cleared the way for gay...

  • Work starts on disputed offshore windmill project Tuesday, 23 Dec 2014 | 12:25 PM ET

    ATLANTIC CITY, N.J.— Work began Tuesday on a proposed New Jersey wind power project that's still very much up in the air. The plan, rejected three times by New Jersey utility regulators, is the subject of a court appeal due to be heard in March. "This milestone marks the commencement of construction for Fishermen's Atlantic City wind farm, a project that will bring...

  • FBI raids Doral Bank offices in Puerto Rico Tuesday, 23 Dec 2014 | 12:08 PM ET

    SAN JUAN, Puerto Rico— FBI agents in Puerto Rico raided the headquarters of Doral Bank on Tuesday. Authorities declined to provide details about the investigation, though Rodriguez said it might be related to a probe into the June 2011 killing of New Jersey bank executive Maurice Spagnoletti. Doral Bank also has been involved in a multimillion-dollar feud with...

  • A lean Christmas for many laid-off casino workers Tuesday, 23 Dec 2014 | 11:02 AM ET

    ATLANTIC CITY, N.J.— One got her Christmas dinner handed to her a week in advance in foil containers from a union food bank. "It's definitely a tough Christmas this year," said Yomari Blanco, who was laid off in September from the housekeeping job she had at Trump Plaza for 18 years. Two weeks earlier, her husband lost his job when the Showboat Casino Hotel shut down, and he...

  • 13 primates die at South Texas research facility Monday, 22 Dec 2014 | 4:41 PM ET

    Covance, which is headquartered in Princeton, New Jersey, provides animal testing to aid in the development of drugs for an array of ailments, from heart disease to diabetes, said Covance spokeswoman Melissa Thompson. USDA is now considering what actions it should take, spokeswoman Tanya Espinosa said in a Monday. Federal guidelines require that animal...

  • WILMINGTON, Del., Dec 22- The Trump Taj Mahal, a casino hotel in New Jersey's struggling Atlantic City gambling hub, could stay open for all of 2015 with a $20 million financing package from investor Carl Icahn, lawyers for Trump Entertainment Resorts said on Monday. Atlantic City's fortunes have faded as competition from Pennsylvania and other neighboring...