ATLANTIC CITY, N.J.— The Florida developer in line to purchase the former Revel Casino Hotel in Atlantic City says in court filings that the auction for the property wasn't run fairly and he wants an $8 million discount. Lawyers for Glenn Straub said in a court filing Wednesday that the property should be sold for $87 million, not the $95.4 million runner-up bid his...» Read More
JOHANNESBURG, July 1- South Africa's striking engineering and metal workers union NUMSA said on Tuesday it was reverting to a demand for a 15 percent wage increase, because employers had failed to respond in kind to its concession of a lower 12 percent.
WASHINGTON, July 1- The U.S. Supreme Court agreed on Tuesday to hear a case that would determine whether UPS Inc treated a pregnant employee unfairly by denying her request for temporary restrictions on her work duties.
NUMSA SAYS REVERTING TO 15 PCT DEMAND BECAUSE EMPLOYERS FAILED TO RESPOND TO UNION CONCESSION.
July 1- Twitter Inc said Chief Financial Officer Mike Gupta will become senior vice president of strategic investments and named Anthony Noto as his replacement. Noto, 46, was a managing director in Goldman Sachs' technology, media and telecom investment banking group, Twitter said in a regulatory statement.
SOUTH AFRICA'S NUMSA UNION SAYS REVERTING TO 15 PERCENT PAY INCREASE DEMAND FROM 12 PERCENT.
NEW YORK, July 1- U.S. stocks kicked off the third quarter with a higher open on Tuesday, after a report showed China's factory sector expanded in June for the first time in six months, and ahead of U.S. data expected to show manufacturing continued to grow.
MOSCOW, July 1- Rosneft, Russia's biggest oil firm, said on Tuesday it would take gas producer Gazprom to court if it refused to offer the state-controlled company access to a gas pipeline due to be built to China.
NEW YORK and LOS ANGELES, July 1- Allergan Inc may take on debt to buy back its own shares as part of a multi-faceted plan to thwart a $53 billion takeover bid by Valeant Pharmaceuticals International Inc and activist investor William Ackman.
ATHENS, July 1- Workers at Greece's state-controlled power utility PPC will stage a series of strikes from Wednesday, in the midst of the summer tourism season, to protest government plans to privatise the firm, their union leader said.
With a budget dependent on oil revenues, Russia closely watches any changes in world supply, and news of a U.S. ruling that American companies can now export the light gaseous petroleum known as condensate prompted some analysts to see a fight for market share in Asia.
DETROIT, July 1- Chrysler Group on Tuesday reported a 9 percent gain in U.S. auto sales for June, beating forecasts for a month expected to show an industrywide decrease from a year earlier. The company, a unit of Fiat Chrysler Automobiles, showed a 28 percent gain for Jeep, its biggest brand by sales, and a 12 percent increase for its Ram pickup trucks.
July 1- Lockheed Martin Corp, Pentagon's biggest defense supplier, said it would freeze its current pension plan and move employees to a defined contribution retirement plan. The new pension plan will come into effect from Jan. 1, 2016, the maker of the F-35 fighter jet, satellites and coastal warships said on Tuesday.
Sector creates greatest amount of jobs since March 2011. LONDON, July 1- British manufacturing activity expanded at its fastest rate in seven months in June, the latest sign that the consumer-led recovery is broadening out and becoming more balanced.
NEW YORK, July 1- U.S. stocks were set to kick off the third quarter with early gains on Tuesday, after a report showed China's factory sector expanded in June for the first time in six months, and ahead of U.S. data expected to show manufacturing continued to grow.
JOHANNESBURG, July 1- More than 220,000 South African engineering and metal workers launched a strike over wages on Tuesday, hot on the heels of a crippling platinum dispute and dealing a further blow to an already weak economy.
July 1- Kindred Healthcare Inc on Tuesday urged Gentiva Health Services Inc shareholders to vote for its offer to buy the home healthcare service provider.
HONG KONG, July 1- Tens of thousands of pro-democracy protesters marched in Hong Kong on Tuesday, many calling for the city's leader to be sacked, in what could turn out to be the biggest and most passionate challenge to Chinese Communist Party rule in more than a decade.
July 1- Agenus Inc said its experimental cancer vaccine helped brain tumor patients live nearly twice as long compared with those who received standard of care treatment.
July 1- Dov Charney, ousted as American Apparel Inc's chairman and chief executive two weeks ago, said he has increased his stake in the apparel retailer to 43 percent, as he fights to regain control of the company he founded. American Apparel shares were marked down 7.7 percent at 83 cents in premarket trading.
DETROIT, July 1- Chrysler Group on Tuesday reported a 9 percent gain in U.S. auto sales for June, beating forecasts for a month expected to show an industrywide decrease from a year earlier. Chrysler, a unit of Fiat Chrysler Automobiles, showed a 28 percent gain for Jeep, its biggest brand by sales, and a 12 percent increase for its Ram pickup trucks.