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ATLANTIC CITY, N.J.— The proposed auction date for the Revel Casino Hotel is too soon and a $3 million breakup fee that would go to a Florida developer if he's outbid for the recently shuttered site is inappropriate, a U.S. Bankruptcy Court trustee said.
DUBAI, Sept 13- Dubai retailing and restaurants group Marka will list its shares on the Dubai Financial Market on Sept. 25 in the market's first flotation for five years, the company said on Saturday.
The restaurateur who publicly blasted LeSean McCoy for leaving a 20-cent tip told CNBC he won't apologize for starting the controversy.
The peer-to-peer home-sharing website Airbnb faces new opposition in New York.
NEW YORK— A group of New York elected officials, community activists and housing advocates is launching a campaign against the home-sharing company Airbnb. Adriano Espaillat and Manhattan Borough President Gale Brewer. The company says it housed more than 400,000 visitors to New York last year.
Sept 12- Olive Garden owner Darden Restaurants Inc on Friday reported a quarterly loss, but its results were overshadowed by activist investor Starboard Value LP's release of its revised plan to boost Darden's profit and stock price.
An investor has some suggestions for how Olive Garden can improve its performance, down to the way it rations its unlimited breadsticks. In a nearly 300- page document, Starboard Value criticizes parent company Darden Restaurants Inc. for its management of the Italian restaurant chain.
Contemporary artist Domingo Zapata, and Scott Gerber, Gerber Group CEO, discuss the launch of "Studio" at the W New York Union Square hotel. Zapata used the lounge as his personal canvas to paint his interpretation of "Alice in Wonderland."
Darden Restaurants Inc.— whose restaurants include Olive Garden and LongHorn Steakhouse— lost $19.3 million, or 14 cents per share, for the three months ended Aug. 24. That compares with earnings of $42.2 million, or 32 cents per share, a year earlier. Sales at Olive Garden locations open at least a year fell 1.3 percent.
In a nearly 300- page treatise on what's wrong with Olive Garden and its management, investor Starboard Value suggests the Italian restaurant chain is being reckless with its unlimited breadsticks. The incredibly detailed document was released Thursday and lays out how Olive Garden could improve its performance.
LIMA, Ohio— Ohio highway patrol: Convicted killer of 3 high school students caught after prison escape.
TOKYO, Sept 11- Rakuten Inc, Japan's largest e-commerce company, has been actively considering launching a service like website Airbnb that would provide a hub to rent apartments and homes in Japan to short-term guests, two people with knowledge of the developing plans told Reuters.
WASHINGTON— A Wisconsin congresswoman arrested during a protest of wages paid to workers at McDonald's and other fast-food chains will not face an investigation by the House Ethics Committee.
Vail Resorts on Thursday agreed to buy out Park City Mountain Resort for $182.5 million in cash.
Sept 10- Atlantic City's Revel casino-hotel, which closed earlier this month after filing for bankruptcy, reached a deal to sell itself to a Florida developer for $90 million in cash, a fraction of the billions of dollars it cost to build.
ATLANTIC CITY, New Jersey— A Florida developer has offered $90 million for the Revel Casino Hotel that shut down last week, lawyers for the resort said Wednesday in court documents. The casino said in the bankruptcy court filing that Glenn Straub's Polo North Country Club, Inc., made the cash bid for the $2.4 billion resort.
Sept 10- Atlantic City's Casino Hotel, which closed earlier this month after filing for bankruptcy, reached a deal to sell itself to a Florida developer for $90 million in cash, according to court documents on Wednesday.
NEW YORK— Fall used to be off-peak for tourism everywhere except New England and other fall foliage destinations. Lara Berdine and Mark Petrella, New Yorkers in their 40 s, visit Italy each fall because "it's cheaper, the weather is cooler and we can see the country as it really is, rather than in high season when it's inundated with tourists," said Berdine.
SALT LAKE CITY— An upscale hotel chain has agreed to pay about $2 million to settle allegations that 43 Utah employees working in the country illegally had returned to work after they were flagged by an immigration audit and fired, according to federal authorities.
*Comes after a string of disappointing Tokyo debuts. TOKYO, Sept 10- Japan's largest recruitment company Recruit Holdings said it is planning an initial public offering worth $1.8 billion, which will test investor appetite for big Tokyo listings after some weak debuts this year.