Atlantic City hotel and casino Revel will shut its doors next week. As casinos continue to shut down, what's the future hold for A.C.?» Read More
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.
Aug 26- As hopes for a last-minute buyer dim, Atlantic City's Revel casino has laid out its closure plans, from disposing of opened bottles of alcohol to cashing unredeemed poker chips.
-Charles Schwab Corp. has lost a $15 million arbitration case against Morgan Stanley, which it accused of improperly recruiting brokers from a Schwab San Francisco branch who left with confidential information. Schwab accused Morgan Stanley of maliciously organizing an "actionable raid" of the branch.
Burger King plans expansion of Tim Hortons. Burger King said Tuesday it will buy Tim Hortons in an $11 billion deal that would create the world's third largest fast-food chain.
PARAMUS, N.J.— Movado Group Inc. on Tuesday reported profit of $12.2 million in its fiscal second quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 55 cents per share. Movado released its full-year outlook, with revenue expected to be $640 million.
ATLANTIC CITY, N.J.— Atlantic City is planning additional job training as three casinos prepare to shut down over the next few weeks, putting thousands of workers on the street. casinos has held three recruiting fairs in Atlantic City in recent months.
WASHINGTON— People who use Facebook and Twitter are less likely than others to share their opinions on hot-button issues, even when they are offline, according to a surprising new survey by the Pew Research Center.
Burger King may move to Canada. NEW YORK— Some Burger King customers are finding it hard to swallow that the home of the Whopper could move to Canada.
The fight started on a United Airlines flight because one passenger was using the Knee Defender, a $21.95 gadget that attaches to a passenger's tray table and prevents the person in front of them from reclining. The Federal Aviation Administration leaves it up to individual airlines to set rules about the device.
*Don't see clear path forward- Deutsche Bank analyst. Aug 25- Regado Biosciences Inc lost more than half its market value on Monday after saying it terminated enrollment in a late-stage trial of its lead drug over safety concerns, creating uncertainty over the company's strategy and outlook.
NEW YORK, Aug 25- A tanker carrying 300,000 barrels of Kurdish crude oil has changed its destination to Limassol, Cyprus, as it returned from the United States without delivering its disputed cargo to a New Jersey refiner.
AQUINNAH, Mass.— On the western tip of Martha's Vineyard, bright clay cliffs and a red brick lighthouse draw visitors as they pile out of cars and tour buses and head up to this town's scenic overlook.
Aug 25- Regado Biosciences Inc's shares lost nearly half of their value in premarket trading, after the company stopped enrollment in a late-stage trial of its lead drug following concerns of allergic reactions.
LEWISTON, Maine— The folks at the Farmers' Almanac can be forgiven for feeling smug: The 198- year-old publication correctly predicted the past nasty winter while federal forecasters blew it. We're calling for some frigid conditions, bitter conditions, "said managing editor Sandi Duncan.