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  • Tropicana refuses anti-Icahn letter from casino workers Thursday, 30 Apr 2015 | 6:34 PM ET

    ATLANTIC CITY, N.J.— A group of Atlantic City casino workers tried to deliver a letter Thursday to billionaire Carl Icahn protesting benefit cuts at the Trump Taj Mahal, but they were turned away. The workers marched to the Tropicana, which Icahn owns and where they believed he was staying Thursday evening, to try to hand-deliver him a letter. "They would not take the...

  • *Industrialist was arrested in Austria on U.S. request. One of Ukraine's most influential oligarchs, Firtash, 49, was arrested in Vienna a year ago at the request of U.S. authorities, which have been investigating him since 2006.. The detention of Firtash, whose business concerns in gas trading and chemicals thrived under Ukraine's ousted pro-Russian president...

  • Tesla to expand battery technology to homes, businesses Thursday, 30 Apr 2015 | 4:15 PM ET

    FOSTER CITY, Calif.— Tesla CEO Elon Musk is trying to steer his electric car company's battery technology into homes and businesses as part of an elaborate plan to reshape the power grid with millions of small power plants made of solar panels on roofs and batteries in garages. Although the battery will be made by Tesla, it's expected to be sold as part of a package...

  • April 30- Budget airline Virgin America Inc is moving to finance five aircraft before interest rates rise, Chief Financial Officer Peter Hunt said in an interview Thursday. Virgin America recently announced it has financed about 80 percent of the purchase price of five other A320 aircraft scheduled for delivery this year. It had an initial public offering in...

  • RIO DE JANEIRO— A Rio de Janeiro judge has ordered the return of several luxury cars and other high-ticket items to Brazil's one-time richest man, Eike Batista, who is fighting insider trading and other charges stemming from the demise of his industrial empire. In a 29- page decision, magistrate Vitor Barbosa Valpuesta also ordered the return of property seized...

  • The 49- year-old, one of Ukraine's most influential oligarchs, was arrested in Vienna a year ago at the request of U.S. authorities, who have been investigating him since 2006.. The detention of Firtash, whose business concerns in gas trading and chemicals thrived under Ukraine's ousted pro-Russian president Viktor Yanukovich, coincided with a sharp...

  • April 30- Viacom Inc, owner of Paramount Pictures and cable channels Comedy Central, MTV and Nickelodeon, reported an unexpected fall in quarterly revenue as weak cable ratings depressed income from advertising in the United States. Viacom, controlled by billionaire Sumner Redstone, said domestic advertising revenue fell 5 percent in the second quarter...

  • April 29- Oklahoma oil billionaire Harold Hamm on Wednesday moved to drop his appeal of a $1 billion divorce award to his ex-wife, a day after the court dismissed her bid to re-open the case, according to a court filing. Hamm's decision to withdraw his counter-appeal of a bitterly fought divorce after a lower court awarded his ex-wife Sue Ann Arnall around $1...

  • *Beijing urging banks to support small businesses. BEIJING, April 30- Private entrepreneurs in China are voicing unprecedented criticism of government, encouraged by policies and rhetoric from Beijing emphasising support for the most productive sectors of the economy. In the past two weeks, Premier Li Keqiang has exhorted Chinese banks to cut their fees and...

  • Bond fund giant Pimco hires Bernanke as adviser Wednesday, 29 Apr 2015 | 11:09 AM ET

    NEW YORK— Pimco has hired former Federal Reserve Chairman Ben Bernanke as a senior adviser, the bond fund manager said Wednesday. Bernanke will provide economic advice to Pimco's fund managers and will occasionally interact with the firm's clients, the Newport Beach, California, company said. It is routine for former Fed officials to take their economic skills--...

  • Tropicana Las Vegas hotel and casino to be sold for $360M Wednesday, 29 Apr 2015 | 8:51 AM ET

    LAS VEGAS— Penn National Gaming spent years shopping for a Vegas Strip property and it has finally found one. The company announced Wednesday that it is buying the 58- year-old Tropicana Las Vegas, paying $360 million to shareholders including private equity firm Onex Corp.. Onex spent the past four years giving the Tropicana a $200 million face-lift after...

  • NEW YORK, April 28- A federal judge dismissed claims by former Elan Corp and Wyeth shareholders accusing billionaire investor Steven A. Cohen's SAC Capital Advisors LP of violating federal racketeering law by conducting insider trading in the drugmakers' stocks. District Judge Victor Marrero in Manhattan said the civil claims brought under the Racketeer...

  • Offshore wind energy sector off to slow start in US Tuesday, 28 Apr 2015 | 12:22 PM ET

    PROVIDENCE, R.I.— When the Obama administration cleared the way five years ago for the nation's first offshore wind farm to be built, advocates hoped it was the start of a new way of generating power along the East Coast. That project, Cape Wind's wind farm off of Cape Cod, has stalled. And construction has only just begun for another, much smaller, offshore wind farm...

  • U.S. judge dismisses racketeering claims vs SAC Capital Tuesday, 28 Apr 2015 | 12:06 PM ET

    NEW YORK, April 28- A federal judge has dismissed claims by former Elan Corp and Wyeth shareholders accusing billionaire investor Steven A. Cohen's SAC Capital Advisors LP of violating federal racketeering law by having conducted insider trading in the drugmakers' stocks. District Judge Victor Marrero in Manhattan said that because SAC was not found in a...

  • Icahn says Apple still undervalued Tuesday, 28 Apr 2015 | 11:59 AM ET

    April 28- Apple Inc remains undervalued and misunderstood, activist investor Carl Icahn tweeted, even as the company posted stellar quarterly results on Monday. Apple beat Wall Street's revenue and profit forecasts on Monday as it sold more iPhones in China than the United States for the first time. The most valuable publicly traded U.S. company also raised its...

  • MOSCOW, April 28- Russian railcar manufacturer United Wagon Company said on Tuesday it had set a price of 700 roubles a share for its initial public offering, Russia's first stock float in more than a year. The price, in the middle of the company's 650- 750 roubles range, suggests United Wagon Company is on course to raise 3.9 billion roubles by offering at least 14...

  • HELENA, Mont.— An appeals court on Monday denied a petition by the founder of a Montana resort for the ultra-rich to be released from jail while the court reviews a judge's decision to hold him in contempt for failing to explain how he spent $13.8 million. Two judges on the 9th U.S. Circuit Court of Appeals denied former billionaire Tim Blixseth's request for...

  • Peltz gets key backer in fight for influence at DuPont Monday, 27 Apr 2015 | 12:37 PM ET

    Peltz's Trian Fund Management is pushing the chemicals maker to split into two companies and it has nominated four directors for company the board. ISS on Monday said that shareholders should support Peltz and one of his nominees, John Myers, the former CEO of General Electric Co.' s asset management business. Trian Fund Management owns a 2.7 percent stake in the...

  • DUBAI, April 27- One of the United Arab Emirates' most prominent businessmen is leading calls for regulations across the Gulf Arab region to smooth the transfer of ownership of family businesses after the death of the founder. Ghurair, the billionaire chief executive of Dubai- based lender Mashreq and chairman of conglomerate Al Ghurair Investment, among his...

  • NEW YORK— U.S. stocks slumped on Monday as investors looked ahead to a flood of earnings reports this week. Stocks appeared headed for new highs in the morning, but drifted lower in afternoon as health care companies dropped sharply. With little news moving markets, "I think we have some profit-taking here," said chief stock strategist Phil Orlando, of Federated...