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  • Atlantic City casino profits up in 3rd quarter Monday, 24 Nov 2014 | 3:26 PM ET

    ATLANTIC CITY, New Jersey— Atlantic City's casino industry saw its operating profits rise in the third quarter of this year, helped by Internet gambling money and the absence of large losses racked up last year by weaker casinos. The eight casinos currently operating in Atlantic City posted a gross operating profit of $152.3 million in the third quarter, an...

  • GOP wisdom shifts on immigration Monday, 24 Nov 2014 | 2:05 PM ET

    Less than two years ago, party leaders solemnly declared after an exhaustive study that the GOP "must embrace and champion comprehensive immigration reform." Scott Walker, who is considering a 2016 White House bid, said alongside nodding colleagues at the Republican Governors Association annual conference in Florida. Having claimed the Senate majority in...

  • Merck, Iowa firm sign Ebola vaccine licensing deal Monday, 24 Nov 2014 | 1:28 PM ET

    TRENTON, N.J.— Merck& Co., a top creator and seller of vaccines, has joined the fight against Ebola, the often-fatal hemorrhagic virus that's been ravaging parts of West Africa for months. The exclusive deal involves rVSV-EBOV, a vaccine candidate under early development by BioProtection Systems, the vaccine-development subsidiary of NewLink Genetics Corp. of...

  • Offshore wind turbines more likely as auction set Monday, 24 Nov 2014 | 1:03 PM ET

    BOSTON— Massachusetts is one step closer to seeing its coastline waters dotted with wind turbines as federal officials announced Monday that an auction date has been set for wind energy leases to develop more than 742,000 acres off the coast. Deval Patrick said his administration has worked with federal, state, tribal, industry and community representatives...

  • FDA strengthens warning on device linked to cancer Monday, 24 Nov 2014 | 11:34 AM ET

    The Food and Drug Administration updated its April safety warning, saying doctors should not use the devices, called laparoscopic power morcellators, for performing a hysterectomy or removing uterine fibroids "in the vast majority of women." Maisel said the FDA is recommending that makers of laparoscopic power morcellators immediately include in the...

  • Tribe becomes 1st to launch online gambling in NJ Monday, 24 Nov 2014 | 10:30 AM ET

    ATLANTIC CITY, N.J.— California's Pala Indians have launched their Internet gambling site in New Jersey following a test period last week, becoming the first tribe to do so in the state. The Pala Band of Mission Indians received permission late Friday from New Jersey gambling regulators for a full launch of the website in a partnership with Atlantic City's...

  • COLUMN-Oil in Arcadia: John Kemp Monday, 24 Nov 2014 | 9:05 AM ET

    Some of that crude came from states such as North Dakota, Texas and Alaska, and the rest from foreign suppliers like Canada, Saudi Arabia, Venezuela and Nigeria. On Saturday, the New York Times published a carefully researched essay chronicling "The Downside of the Boom" about how " North Dakota took on the oversight of a multi-billion dollar oil industry with a...

  • Health care M&A leads global deal surge Sunday, 23 Nov 2014 | 9:01 AM ET

    "Health care has been a sleepy niche of M&A until recently, but the giant has been awakened," says Ken Menges, a senior partner handling M&A at law firm Akin Gump in New York. To a large extent, the deals are being driven by "cost pressure on the entire health care system," as insurers and government health plans increasingly hold down or even reduce reimbursements to drug,...

  • New Jersey's licensed Internet gambling sites Saturday, 22 Nov 2014 | 4:16 PM ET

    A list of New Jersey's licensed Internet gambling sites:. Caesars Interactive Entertainment-Bally's Atlantic City:. Caesars Interactive Entertainment-Caesars Atlantic City:.

  • Taj Mahal offers to restore workers' health care Saturday, 22 Nov 2014 | 2:38 PM ET

    ATLANTIC CITY, N.J.— The Trump Taj Mahal casino is offering to restore health insurance to its workers as part of a last-ditch effort to keep the struggling Atlantic City casino open. Trump Entertainment Resorts said Saturday it has offered to restore health insurance to its 3,000 workers for at least two years if the union will drop its appeal of a court order...

  • New Jersey again rejects offshore windmill plan Friday, 21 Nov 2014 | 3:16 PM ET

    ATLANTIC CITY, N.J.— New Jersey energy regulators on Friday rejected for the third time a proposed windmill power project off the coast of Atlantic City. The board twice before had rejected the proposal to put five windmills about three miles off the coast of Atlantic City. The U.S. Department of Energy promised up to $47 million for the project in May to the...

  • NYC man gets prison for role in cybercrime ring Friday, 21 Nov 2014 | 1:04 PM ET

    TRENTON, N.J.— A New York City man was sentenced Friday to more than three years in prison for his role in an international cybercrime ring that prosecutors say hacked into the computers of more than a dozen financial institutions and the U.S. military's payroll service. Richard Gundersen received a 41- month prison term and was ordered to pay $88 million in...

  • Desaulniers named AP's New England media director Friday, 21 Nov 2014 | 1:01 PM ET

    BOSTON— Dwayne Desaulniers, a former business and technology director for The Associated Press, has been named the news cooperative's director of local media for New England. "Dwayne brings a great mix of news, technology and entrepreneurial experience to our New England market, as well as an in-depth understanding of AP services and our mission to inform the...

  • US--APNewsAlert, US Friday, 21 Nov 2014 | 12:00 PM ET

    TRENTON, N.J.— US judge nixes plan to allow sports betting at New Jersey casinos, tracks; appeal expected.

  • Unemployment rates fall in two-thirds of US states Friday, 21 Nov 2014 | 10:35 AM ET

    The Labor Department said Friday that unemployment rates rose in just 5 states, the fewest since April. Employers added jobs in 38 states and cut them in 12. The biggest gains occurred in California, which added 41,500; Texas, which gained 35,200; and Florida, which added 34,400.. Nevada reported the largest job loss, a decline of 7,300, followed by New York, where...

  • WASHINGTON, Nov 20- Soon after President Barack Obama announced his immigration plans on Thursday evening, Democrats and Republicans who might be angling for his job in 2016 weighed in on an issue that is almost certain to be at the center of their campaigns. Hillary Clinton, who lost the Democratic nomination to Obama in 2008 and is expected to make a run to be the...

  • Kozy Shack recalls some puddings over labeling Thursday, 20 Nov 2014 | 9:02 PM ET

    ARDEN HILLS, Minn.— Pudding maker Kozy Shack Enterprises is recalling some of its puddings because they are not labeled as containing milk. The product was distributed to 20 states— Connecticut, Florida, Georgia, Illinois, Iowa, Kansas, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Virginia, West...

  • Man admits $20 million Ponzi scheme in New Jersey Thursday, 20 Nov 2014 | 5:47 PM ET

    TRENTON, N.J.— A central New Jersey man has admitted running a $20 million Ponzi scheme. The U.S. attorney's office says the 57- year-old Colts Neck resident persuaded 36 investors to invest $20 million based on promises they would earn 9 percent to 14 percent monthly. Spina was accused of putting only $9.5 million into a trading account and using the remaining...

  • Hertz names John Tague as new CEO Thursday, 20 Nov 2014 | 5:20 PM ET

    NEW YORK— Hertz, which is the midst of correcting past accounting problems, said Thursday that it named John Tague as its new chief executive officer. Hertz announced in June that it needed to review financial reports from the last three years and restate 2011 results. Carl Icahn, the activist investor whose hedge fund owns an 8.5 percent stake in Hertz, said in a...

  • NJ: No proof that Pala CEO knew of cheating Thursday, 20 Nov 2014 | 4:34 PM ET

    ATLANTIC C ITY, N.J.— New Jersey's chief gambling regulator says a preliminary investigation has found no proof that the CEO of a tribal Internet gambling company was involved in or knew of an online cheating scandal at a previous job. David Rebuck, director of the state Division of Gaming Enforcement, said Jim Ryan, chief executive of Pala Interactive, was CEO of a...