Atlantic City is preparing for more than 6,000 jobs lost. Insight on the road ahead for the city, with CNBC's Morgan Brennan.» Read More
Aug 16- When the $2.4 billion Revel Casino opened its doors in 2012, the curvy blue-glass tower was hailed as the wave of the future for Atlantic City, New Jersey.
ATLANTIC CITY, N.J.— The $2.4 billion Revel Casino Hotel that opened just over two years ago as a hoped-for savior for Atlantic City's flagging casino industry will close a week earlier than originally planned, the company announced in an email Friday.
Chris Christie says he has no regrets about canceling a rail tunnel project that would have increased commuter capacity between New Jersey and Manhattan.
They include El Pollo Loco Holdings Inc, Zoe's Kitchen Inc, and Papa Murphy's Holdings Inc.. Shake Shack is present in many U.S. states including New York, New Jersey, Connecticut, Pennsylvania, Florida and Massachusetts.
Hedge fund Paulson & Co maintained its stake in the world's biggest gold-backed exchange-traded fund, SPDR Gold Trust, in the second quarter.
TRENTON, N.J.— New Jersey's unemployment rate edged down one-tenth of a percent in July to 6.5 percent, but still remains above the national average of 6.2 percent. The report released Thursday by the state Labor Department and based on data collected by the U.S. Bureau of Labor Statistics shows private sector employers added 8,500 jobs during the month.
PITTSBURGH— A Florida man was sentenced Thursday to five years in federal prison for his role in an overseas loan scam that cost 47 investors on four continents more than $3.9 million. Attorney Leo Dillon told the sentencing judge the case involved "an enormous worldwide fraud," with victims in the United States, Germany, Switzerland, Hong Kong, Japan and Australia.
Christie and New Jersey Democrats have said Atlantic City's economy, heavily dependent on casinos, needs to be broadened.
Nichelson didn't immediately return calls for comment Thursday as to whether the company will contest the OSHA fine. OSHA issued the citation and proposed penalty, which was first reported by The Courier-Express, on July 29.
Chris Christie vowed Thursday to do everything he can to help laid-off Atlantic City casino workers find new jobs after the hotels they work for close next month. Atlantic City started the year with 12 casinos but will have just eight remaining by fall.
WASHINGTON, Aug 14- Foreclosure activity across the United States jumped in July for the first time in four months as lenders scheduled more properties for auction, an industry report said on Thursday.
Aug 13- New Jersey Governor Chris Christie said on Wednesday he would convene a bipartisan summit in September to seek ways to rescue Atlantic City from a slump in its mainstay casino business. Atlantic City has struggled with casino closures as neighboring states have lured gamblers away.
Revel is the latest casualty for the struggling New Jersey gambling center. Tom Ballance, Borgata Hotel & Casino COO, reveals his plans to keep the doors open at Borgata. You have to give people a reason to drive here, says Ballance.
New Jersey Gov. Chris Christie posted on his Facebook page a video showing two of his kids dumping a bucket of ice water on his head.
NEW YORK, Aug 12- Brent crude oil hit a 13- month low on Tuesday as ample North American production outweighed concern over supply from the Middle East, while stocks and the euro were pressured by plunging investor morale in Germany, Europe's largest economy.
LONDON/ HOUSTON, Aug 12- U.S. refiners will refrain from buying more Kurdish crude oil until a long-running dispute between Baghdad and Iraqi Kurdistan is settled, while Washington urges both sides to set aside their differences and helps them tackle Sunni militants.
*Focus stays on developments in Gaza, Iraq and Ukraine. Wednesday's auction of $24 billion in 10- year notes and Thursday's $16 billion sale of 30- year securities follow solid results at the $27 billion three-year note auction.
Aug 12- The bankrupt Revel Casino Hotel in Atlantic City, New Jersey, is set to close by Sept. 10 after failing to find a buyer, the casino said on Tuesday.
Aug 12- The bankrupt Revel Casino Hotel in Atlantic City, New Jersey, is set to close by September after failing to find a buyer, the casino said in a statement on Tuesday.
REVEL CASINO IN ATLANTIC CITY, NEW JERSEY, TO CLOSE BY SEPTEMBER AFTER FAILING TO FIND A BUYER.