GO
Loading...

New Jersey

More

  • Oct 1- An affiliate of Brookfield Asset Management won the auction for Atlantic City, New Jersey's bankrupt Revel Casino Hotel with a $110 million bid, but within hours the losing bidder told Reuters he planned to fight the sale. Asked if he would challenge the auction result in court, Florida developer Glenn Straub told Reuters by phone: "absolutely."

  • Oct 1- An affiliate of Brookfield Asset Management won the auction for Atlantic City, New Jersey's bankrupt Revel Casino Hotel with a $110 million bid, but within hours the losing bidder told Reuters he planned to fight the sale in court. Asked if he would challenge the auction result in court, Florida developer Glenn Straub told Reuters by phone: "absolutely."

  • Oct 1- Brookfield Asset Management won the auction for Atlantic City's bankrupt Revel Casino Hotel with a $110 million bid, said two sources familiar with the situation. Revel Casino, which cost $2.4 billion to build, opened in 2012 and closed on Sept. 2 after filing for its second bankruptcy in June.

  • ADP completes spinoff of CDK Global Wednesday, 1 Oct 2014 | 8:14 AM ET

    HOFFMAN ESTATES, Ill.— Automatic Data Processing Inc., the payroll processor, said Wednesday that it has completed its spinoff of CDK Global Inc.. CDK, which provides technology and marketing services to auto dealers, will start trading on the Nasdaq stock exchange Wednesday.

  • Brookfield wins auction for bankrupt Revel Casino Wednesday, 1 Oct 2014 | 7:09 AM ET

    Oct 1- Brookfield Asset Management has won the auction for Atlantic City's bankrupt Revel Casino Hotel, said a source familiar with the situation. The company bid $110 million for the casino complex, topping a $90- million bid by Florida real estate developer Glenn Straub, who did not submit a superior bid by 5.00 a.m. ET, the source said.

  • Revel auction still taking bids, did not adjourn Wednesday, 1 Oct 2014 | 12:45 AM ET

    ATLANTIC CITY, New Jersey— The bankruptcy auction of Atlantic City's former Revel Casino Hotel ground into its third day early Wednesday as lawyers for the bankrupt resort continued to weigh bids.

  • Casino mogul says experience, not gambling, is key Tuesday, 30 Sep 2014 | 8:58 PM ET

    LAS VEGAS— Steve Wynn had some advice. That's why after he recently won the opportunity to build Boston's first casino-hotel, he said he has grand plans for a property that will feature an entry akin to those in Las Vegas, but will tuck slot machines and table games away. The industry has been rattled by troubles in Atlantic City.

  • Judge eyes Trump Entertainment pension obligations Tuesday, 30 Sep 2014 | 6:37 PM ET

    WILMINGTON, Del.— A Delaware bankruptcy judge will hold a hearing Thursday on a request by Trump Entertainment Resorts to be relieved of its pension obligations under a collective bargaining agreement with workers at the Taj Mahal casino.

  • FTC to retailers: Drop your caffeinated drawers Tuesday, 30 Sep 2014 | 6:20 PM ET

    The Federal Trade Commission announced Monday that two companies— Norm Thompson Outfitters of Oregon and Wacoal America Inc. of New Jersey— have agreed to refund $1.5 million to consumers who purchased "shapewear" that supposedly can reduce cellulite and fat because it is infused with caffeine, vitamin E and other things.

  • Business Highlights Tuesday, 30 Sep 2014 | 6:02 PM ET

    School spending by affluent is widening wealth gap. WASHINGTON— Education is supposed to help bridge the gap between the wealthiest people and everyone else. Ask the experts, and they'll count the ways:.

  • WASHINGTON, Sept 30- Four members of an alleged international computer hacking ring were charged with stealing more than $100 million worth of software and data- some of it used to train military pilots and some related to Microsoft Corp's Xbox gaming console- the U.S. Justice Department said Tuesday.

  • A look at California's landmark plastic bag ban Tuesday, 30 Sep 2014 | 4:16 PM ET

    Jerry Brown on Tuesday signed the nation's first statewide ban on single-use plastic shopping bags, following the lead of more than 100 California cities and counties. The fight between environmentalists and manufacturers is not over, as plastic bag makers vow to take their opposition to the ballot box.

  • WASHINGTON, Sept 30- Four members of an alleged computer hacking ring were charged with stealing more than $100 million worth of software and data- used to train military pilots and related to Microsoft Corp's Xbox gaming console- the U.S. Justice Department said Tuesday.

  • Sept 30- An affiliate of Brookfield Asset Management has topped Florida real estate developer Glenn Straub's $90 million bid for the bankrupt Revel Casino Hotel in Atlantic City, the Wall Street Journal reported, citing sources.

  • Study: Gambling industry worth $240B, 1.7M jobs Tuesday, 30 Sep 2014 | 1:45 PM ET

    LAS VEGAS— U.S. casinos and the makers of the games found inside had a $240 billion economic impact and employed 1.7 million people in 2013, a study shows. The group's annual G2E Global Gaming Expo is being held this week at the Sands Expo and Convention Center in Las Vegas.

  • Brookfield bids for Atlantic City's Revel Casino - WSJ Tuesday, 30 Sep 2014 | 1:24 PM ET

    Sept 30- An affiliate of Brookfield Asset Management has topped Florida real estate developer Glenn Straub's $90 million bid for the bankrupt Revel Casino Hotel in Atlantic City, the Wall Street Journal reported, citing sources.

  • NEW YORK, Sept 30- A federal judge said Novartis AG must face a U.S. government lawsuit accusing the Swiss drugmaker of paying multimillion-dollar kickbacks, including a $9,750 dinner for three at a Japanese restaurant, to induce doctors to prescribe its drugs.

  • School spending by affluent is widening wealth gap Tuesday, 30 Sep 2014 | 12:40 PM ET

    WASHINGTON— Education is supposed to help bridge the gap between the wealthiest people and everyone else. Ask the experts, and they'll count the ways:. When the Great Recession struck in late 2007 and squeezed most family budgets, the top 10 percent of earners— with incomes averaging $253,146— went in a different direction: They doubled down on their kids' futures.

  • Feds say hackers targeted Microsoft, game makers Tuesday, 30 Sep 2014 | 12:11 PM ET

    WILMINGTON, Del.— Two members of an international hacking ring that gained access to a U.S. Army computer network while targeting computer giant Microsoft and several video game developers pleaded guilty to conspiracy charges Tuesday in federal court in Delaware.

  • Johnson & Johnson buying Alios for $1.75B Tuesday, 30 Sep 2014 | 9:08 AM ET

    NEW BRUNSWICK, N.J.— Johnson& Johnson is buying the biopharmaceutical company Alios BioPharma Inc. for about $1.75 billion.