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  • Atlantic City Mayor: At least we're not Detroit Thursday, 15 Jan 2015 | 5:02 PM ET

    ATLANTIC CITY, N.J.— Leave it to Don Guardian, the feel-good mayor of ailing Atlantic City, to put his city's woes into context. Atlantic City lost four of its 12 casinos last year, saw 8,000 jobs eliminated, and has lost nearly half its gambling revenue in the past eight years. Atlantic City has seen its casino revenue plunge from $5.2 billion in 2006 to $2.74 billion...

  • A look at 2014 US home foreclosure data Thursday, 15 Jan 2015 | 3:24 PM ET

    —As of Dec. 31, banks held some 421,164 unsold homes, down 17 percent from the year before. —As of Dec. 31, 642,927 homes were in some stage of the foreclosure process. —In the 12 months ended Sept. 30, nearly 1.5 million homes returned to positive equity, which means the home is valued at more than what the owner owes on the mortgage.

  • NEW YORK/ LONDON, Jan 15- Gold rose as much as 3 percent to a four-month high on Thursday after Switzerland's central bank unexpectedly abandoned its three-year cap on the franc sent global shares and bond yields into turmoil. "Currency chaos is really the phrase of the day," said Bill O'Neill, co-founder of commodities investment firm LOGIC Advisors in Upper...

  • According to the survey, released Thursday by four regional Federal Reserve Banks, 52 percent of businesses with revenue under $250,000 a year said they were rejected for a loan during the first half of 2014. Half of businesses with revenue between $250,000 and $1 million also couldn't get a loan. Loans were approved for 80 percent of businesses that made $10...

  • Pennsylvania casino revenues drop for second year Thursday, 15 Jan 2015 | 2:25 PM ET

    "Increased competition from surrounding states, which are also offering conveniently located casinos to its highest populations centers such as in Pennsylvania, continues to be the biggest impact to growth here," said gaming board spokesman Dough Harbach. Yet Pennsylvania fared well compared to next-door neighbor New Jersey, whose gambling industry...

  • Details of Obama's proposals for more paid leave Thursday, 15 Jan 2015 | 11:46 AM ET

    He's calling on Congress, states and cities to pass measures to let millions of private-sector workers earn a modest amount of paid sick time. He'll also ask Congress for more than $2 billion to help states create paid family and medical leave programs. —Call on the newly Republican-controlled Congress to pass the Healthy Families Act, which would allow workers...

  • Q&A: US government eases Cuba travel restrictions Thursday, 15 Jan 2015 | 11:32 AM ET

    NEW YORK— Americans are one step closer to being able to vacation in Cuba, but don't pack your bathing suit and sunscreen just yet. Travel and hospitality companies are salivating at the chance to set up shop in Cuba. United Airlines became the latest travel company to publicly express plans to enter Cuba, saying Thursday it wants to fly there from Newark, New Jersey...

  • US STOCKS-Wall St flat in volatile trade after Swiss move Thursday, 15 Jan 2015 | 11:03 AM ET

    *Bank of America, Citi down after results. NEW YORK, Jan 15- U.S. stocks were little changed in choppy trading on Thursday, as investors wrestled with the ramifications with a move by the Swiss National Bank to scrap its three-year euro cap on the franc. Swiss stocks traded in the U.S. moved higher, Credit Suisse, up 0.7 percent at $22.98 and Novartis, up 1.9 percent to...

  • WASHINGTON— Factory activity in the Philadelphia region grew at a much slower pace in January compared with the previous month, as orders, shipments and hiring tumbled. The Federal Reserve Bank of Philadelphia said Thursday that its index of regional factory activity fell to 6.3 this month from 24.3 in December. Manufacturing nationwide expanded in December...

  • US STOCKS-Wall St drops after Swiss move; banks tumble Thursday, 15 Jan 2015 | 9:56 AM ET

    *Bank of America, Citi down after results. NEW YORK, Jan 15- U.S. stocks fell, erasing small gains at the open on Thursday, as investors grappled with a move by the Swiss National Bank to scrap its three-year euro cap on the franc. Swiss stocks traded in the U.S. moved higher, including UBS, up 2.4 percent at $16.87, Credit Suisse, up 3.2 percent at $23.55 and Novartis, up 1.9...

  • *Bank of America falls after results. *Best Buy down after holiday sales. Swiss stocks traded in the U.S. moved higher before the opening bell, including UBS, up 3.6 percent at $17.07, Credit Suisse, up 4 percent at $23.72 and Novartis, up 3.8 percent to $100.48, as a strengthening Swiss franc made U.S.-dollar denominated stocks cheaper.

  • Moving swiftly, US eases travel and trade rules on Cuba Thursday, 15 Jan 2015 | 9:15 AM ET

    WASHINGTON— Swiftly expanding trade ties with Cuba, the Obama administration opened the door to easier travel and a wide range of new export opportunities with the communist island starting Friday, punching the biggest hole to date in America's half-century-old embargo. Less than a month after the Cold War foes agreed to end their enmity, the Commerce and...

  • TRENTON, N.J.— Many hospitals and doctor practices are offering patients the convenience of signing up for appointments and even reservations to be seen in the emergency room, right from their smartphone or laptop. This brings them new patients and retains existing ones wanting to avoid hassles and long waits. At the same time, it helps doctors fill slots from...

  • TRENTON, N.J.— It's like OpenTable for medical appointments. No waiting weeks to see a dermatologist. "I truly believe talking to people on the phone to schedule doctors' appointments will be something of the past very soon," says Natan Edelsburg, a New York resident who has made 10 doctor appointments through one of the biggest online medical appointment booking...

  • NUTLEY, N.J.— Seton Hall University and the parent company of Hackensack University Medical Center are planning to build a private medical school that could open in 2017.. Chris Christie will be on hand for the announcement Thursday at the former Nutley campus of Swiss medical products firm Roche Holding that closed in 2013.. Two are affiliated with Rutgers...

  • Obama tries again to get paid leave for more workers Thursday, 15 Jan 2015 | 3:42 AM ET

    BALTIMORE— President Barack Obama launched a fresh push Thursday to bring paid sick and family leave to working parents and other private-sector employees as the White House unveiled proposals that could benefit tens of millions of people. Most require action by the Republican-controlled Congress. The White House said Obama will push the issue anew in the...

  • TRENTON, N.J.— A judge weighing whether she has the power to force Gov. Chris Christie and the Legislature to make promised payments to public employee pension funds seemed on Thursday to reject a state administration lawyer's argument that there was no way to make the payments. State Superior Court Judge Mary Jacobson raised her doubts during a daylong hearing...

  • LAS VEGAS— A cash-strapped division of casino giant Caesars Entertainment Corp. filed for bankruptcy protection Thursday in Chicago, hoping the court agrees to its plan to get out from under $18.4 billion in debt. The bankruptcy filing doesn't apply to parent company Caesars Entertainment Corp. and affiliated companies Caesars Growth Partners and...

  • WASHINGTON, Jan 15- The number of U.S. properties in the process of being foreclosed upon dropped last year to its lowest level since 2006, real estate data firm RealtyTrac said on Thursday. The data for the year overall showed the foreclosure market is "close to finding a floor and stabilizing at a historically normal level," Daren Blomquist, vice president at...

  • Foreclosures fell in 2014 to levels before housing bust Thursday, 15 Jan 2015 | 12:01 AM ET

    LOS ANGELES— A healthier U.S. housing market and economy helped to winnow foreclosures in 2014 to levels not seen since before the housing bust. While foreclosures remain elevated in many populous metropolitan areas, such as New York, Philadelphia and San Diego, they have declined annually overall in recent years, and 2014 was no exception.