Surfers are catching the action via GoPro cameras and drones, and some say the video content is giving a boost to the surfing industry. CNBC's Morgan Brennan reports.» Read More
BALTIMORE— Casino hostess Helena Wong isn't having much luck. On Friday, a federal judge slapped the VIP hostess at the brand new Horseshoe Casino in Baltimore with a preliminary injunction barring her from contacting a list of clients she collected at her last job, at the Maryland Live Casino in Hanover.
*Trading volumes light ahead of Labor Day holiday. NEW YORK, Aug 29- U.S. stocks closed out a strong month on a quiet note on Friday, with the S&P 500 posting a modest gain to close at a new record as the latest positive data helped extend a rally that had been briefly threatened by overseas concerns.
Shares of United Therapeutics closed up $26.14 at $117.83 on the Nasdaq, boosting the company's market value by about $1.24 billion to $5.57 billion.
In afternoon trading, United Therapeutics' shares were up $24.56, or 26.8 percent, at $116.25, after earlier rising as much as 28.7 percent to a record $118.00.
Aug 29- Four Atlantic City casinos are closing this year, but not all of their gamblers will return to visit eight others that have survived in the down-on-its-luck New Jersey resort. The casinos remaining open in Atlantic City are likely, however, to garner about 60 percent of the revenues that had been generated by the four closing casinos, Bumazhny said.
NEW YORK, Aug 29- U.S. stocks were slightly lower on Friday, with investors finding few reasons to extend a long-running rally, even as the latest economic data joined the trend of better-than-expected reports on the economy.
ATLANTIC CITY, N.J.— A Wall Street firm predicted Friday that much of the revenue generated by three Atlantic City casinos that are closing will remain in the city after they're gone. It also said it does not see any more casinos closing in Atlantic City for at least the next two years.
BELMAR, N.J.— Good weather and greater awareness that the Jersey shore has made huge strides in recovering from Superstorm Sandy helped make the second summer after the storm better than the first one, many merchants and elected officials say. "This summer was great," said Matt Riccelli, who manages Gee Gee's restaurants on the Manasquan beachfront.
Aug 28- Johnson& Johnson plans to seek a buyer for its medical device maker business, Cordis Corp, The Wall Street Journal reported citing people familiar with the matter. Earlier this year, J&J sold another of its units, Ortho-Clinical Diagnostics Inc to private-equity firm Carlyle Group for $4.15 billion.
NEW YORK, Aug 28- A Manhattan federal judge has dismissed a 12- year-old lawsuit accusing Ford Motor Co and IBM Corp of encouraging human rights abuses in apartheid-era South Africa, reluctantly concluding that the case does not belong in U.S. courts.
ATLANTIC CITY, N.J.— The three-story brick house on a mostly deserted street in the shadow of the failed $2.4 billion Revel Hotel Casino was Charlie Birnbaum's father's livelihood. It's those memories that keep him from accepting a buyout from the state agency in charge of redeveloping Atlantic City as the resort city's casino industry shrinks.
ATLANTIC CITY, N.J.— One of the region's largest mass-filings for unemployment and other benefits will begin next week for newly laid-off Atlantic City casino workers in an outreach effort so large it had to book part of the city's convention center.
The restaurant, which has three locations in the Kansas City area, will be known as Joe's Kansas City Bar-B-Que, co-owner Jeff Stehney said. During President Barack Obama's July visit to Kansas City, about $1,400 worth of ribs, pork, sausage and side dishes was shipped to Air Force One.
The National Institutes of Health announced Thursday that it is launching the safety trial on a vaccine developed by the agency's National Institute of Allergy and Infectious Diseases and GlaxoSmithKline.
Aug 27- New Jersey's Atlantic County, which includes the struggling gambling mecca of Atlantic City, saw the biggest employment drop of all U.S. metropolitan areas in July compared to the same time last year, according to preliminary U.S. Labor Department data on Wednesday.
The Horseshoe Casino in downtown Baltimore opened its doors Tuesday night. Gambling experts say rust-belt towns like Philadelphia, Cleveland and now Baltimore have become desirable casino locations, especially as gambling destinations like Atlantic City continue to plunge into economic decline.
NEW YORK, Aug 27- U.S. stocks were little changed on Wednesday, holding near record highs on a day of light volume, though a number of retail stocks traded heavily after reporting results. Both Tiffany& Co and apparel retailer Express Inc rose after posting quarterly revenue that topped expectations and raising their full-year profit views.
NEW YORK, Aug 27- A federal judge on Wednesday ordered PricewaterhouseCoopers to face a $1 billion lawsuit claiming that its bad accounting advice was a substantial cause of the October 2011 bankruptcy of MF Global Holdings Ltd, a brokerage run by former New Jersey Governor Jon Corzine.
ATLANTIC CITY, N.J.— The owner of the Showboat Casino Hotel says the property will definitely shut down on Sunday. Katie Daugherty, a spokeswoman for Caesars Entertainment, told The Associated Press on Wednesday that despite expressions of interest from potential purchasers, the casino will be closed at 4 p.m. Sunday.
HOUSTON, Aug 26- A tanker loaded with $100 million of Kurdish crude oil cannot be delivered in Texas soon because of risks for buyers as Iraq mulls further legal challenges, so a month-long standoff will drag on, a source close to the matter said on Tuesday.