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  • CHICAGO, May 27- The operating unit of Caesars Entertainment Corp received court approval on Wednesday to remain in control of its bankruptcy for another six months. Bankruptcy Judge Benjamin Goldgar in Chicago allows the country's largest casino operator to pursue its plan for cutting its $18 billion debt without the threat of a rival plan from creditors.

  • SAN DIEGO— San Diego's dominant newspaper on Tuesday announced the layoffs of nearly a third of its 600 employees after it was acquired last week for $85 million by Los Angeles Times owner Tribune Publishing. "When the two companies announced that they were coming together, we said at the time there were going to be some synergies, and unfortunately for a lot of...

  • May 26- The U.S. Supreme Court ruled on Tuesday that bankruptcy judges can resolve disputes that otherwise would have to be decided in a federal court, in an opinion tied to the legal legacy of the late Anna Nicole Smith. The 6-3 ruling, which stemmed from the Chapter 7 bankruptcy of Richard Sharif of Chicago, recognized the authority of U.S. bankruptcy judges to...

  • Charter-TWC will be 'relatively small': Rutledge Tuesday, 26 May 2015 | 10:42 AM ET

    Charter CEO Thomas Rutledge explains why his company's bid for Time Warner Cable will succeed where Comcast's failed.

  • Supreme Court clarifies power of bankruptcy judges Tuesday, 26 May 2015 | 10:31 AM ET

    WASHINGTON— The Supreme Court says bankruptcy courts have authority to rule on disputes that fall outside the bankruptcy proceedings if the parties to the case consent. The case involves efforts by Wellness International Network, Ltd., to recover $655,000 in attorney fees from Richard Sharif, a Chicago resident with whom the company had a legal dispute.

  • Charter agrees to buy Time Warner Cable for $55B Tuesday, 26 May 2015 | 9:13 AM ET
    The headquarters for Charter Communications Inc., in St. Louis, Mo., is shown.

    Charter Communications says it will buy Time Warner Cable in a cash-and-stock deal worth $55 billion.

  • Independent booksellers continue to add new stores Tuesday, 26 May 2015 | 8:21 AM ET

    Core membership of the American Booksellers Association grew from 1,664 companies last spring to 1,712 this year, the trade group told The Associated Press on Tuesday, the day before the BookExpo America publishing convention and trade show begins in Manhattan. Membership, which topped 5,000 a quarter century ago, had been declining sharply as thousands of...

  • May 26- Canadian miner Barrick Gold Corp said it would sell 50 percent stake in its unit that manages the Porgera gold mine in Papua New Guinea to China's Zijin Mining Group Co Ltd for $298 million in cash. The deal, a part of Barrick's plan to reduce net debt by at least $3 billion by the end of the year, comes a day after the world's largest bullion producer sold its...

  • May 26- Canadian miner Barrick Gold Corp said it would sell 50 percent stake in its unit that manages the Porgera gold mine in Papua New Guinea to China's Zijin Mining Group Co Ltd for $298 million in cash. The unit, Barrick Niugini, owns 95 percent in the Porgera mine and the Papua New Guinea owns the rest. After the sale, Zijin and Barrick will jointly control Barrick...

  • Rumford mill to lay off about 50 workers Saturday, 23 May 2015 | 3:27 PM ET

    RUMFORD, Maine— Catalyst Paper is laying off about 50 workers at the Rumford mill. WCSH-TV reports that the company announced that a temporary shutdown of a paper machine has been extended to August. Rumford mill spokesman Tony Lyons says the layoffs are "directly market related."

  • TORONTO— BlackBerry says it is laying off an unspecified number of employees globally as it makes changes to the operations responsible for making its smartphones. The Waterloo, Ontario- based company said in a statement Saturday that the job cuts will affect people who make the hardware, software and applications for its phones, including devices such as the...

  • CHARLESTON, W.Va.— Appalachian coal mining suffered a double blow Friday, as Murray Energy announced plans to lay off more than 1,800 miners, most from West Virginia, and Alpha Natural Resources told another 439 Mountain State miners they could be out of work. On Friday, St. Clairsville, Ohio- based Murray Energy said it told 1,417 workers at five West Virginia mines...

  • Expedia sells stake in Chinese travel service Friday, 22 May 2015 | 10:44 AM ET

    NEW YORK— Expedia sold its entire stake in eLong, a Chinese travel service, to a group of businesses based in China for roughly $671 million. Before the market opened, Bellevue, Washington- based Expedia said that it had sold its 62.4 percent share in eLong to a group that includes Ctrip.com International Ltd., Keystone Lodgings Holdings Ltd., Plateno Group Ltd. and...

  • REMBRANDT ENTERPRISES TO TEMPORARILY LAY OFF 39 WORKERS AT MINNESOTA EGG FACILITY DUE TO BIRD FLU.

  • WASHINGTON, May 21- Two U.S. Louisiana Senator David Vitter withdrew a proposed amendment to the financial regulatory bill that aimed to end "too big to fail" by requiring certain mega banks to face new 10 percent capital levels. Pennsylvania's Pat Toomey withdrew another proposed change that would have repealed a major provision of the Dodd-Frank Wall Street...

  • Hewlett-Packard sells stake in Chinese unit for $2.3B Thursday, 21 May 2015 | 8:39 AM ET

    NEW YORK— Hewlett-Packard is selling a controlling stake in its China server and storage unit, a move that comes as the Chinese government, apparently worried about U.S. cyberspying, has encouraged the use of local companies. "Partnering with Tsinghua, one of China's most respected institutions, the new H3C will be able to drive even greater innovation for China,...

  • SHANGHAI, May 21- China's main stock indexes hit seven-year closing highs on Thursday despite a weak factory activity survey, and intense buying pushed Shenzhen's start-up board ChiNext up more than 3 percent to another record. Chinese factory activity contracted for the third month in May and output shrank at the fastest rate in just over a year, HSBC's China...

  • ATLANTIC CITY, N.J.— The crucial summer season will start with three Atlantic City casinos in bankruptcy and one beset by regular pickets and protests. Union members picketed Thursday evening outside the Trump Taj Mahal, in their seventh protest against the casino or soon-to-be-owner Carl Icahn over health insurance and pension benefits canceled by a...

  • May 20- General Electric Co's chief on Wednesday gave a faster timeline for the U.S. conglomerate's massive finance asset sale as he more than doubled a target for benefits from its purchase of Alstom's power equipment business. GE, which announced plans last month to sell $200 billion in GE Capital finance assets, now expects to be largely done with the process...

  • LONDON, May 20- British finance minister George Osborne will set out plans on Wednesday to streamline the sale of 23 billion pounds of bank shares and other publicly owned assets by creating a new government-run company. In a speech to business leaders in London, Osborne will highlight the plan as part of a drive to improve Britain's low productivity- which he...