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  • ST. LOUIS, June 4- Many criminals and some legitimate businessmen who don't want the U.S. government to be informed of their financial activity rely on a simple tactic: break up bank deposits and withdrawals so that each is under $10,000. Hastert, who left Congress in 2007, was charged with structuring the withdrawal of more than $950,000 in cash to evade a...

  • HP CEO says split effective from Nov 1 Tuesday, 2 Jun 2015 | 6:05 PM ET

    June 2- Hewlett-Packard Co Chief Executive Meg Whitman said the separation of HP Inc and Hewlett-Packard Enterprise would be effective on Nov. 1. Whitman made the announcement during the company's technology event, HP Discover 2015, in Las Vegas on Tuesday. The world's No. 2 personal computer maker said in October it would split into two listed companies,...

  • 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.

  • HONG KONG, May 27- As revenue plummets at China's only legal gambling hub, global casino operators have a new mantra- what happens in Vegas, must also happen in Macau. The latter's two new resort projects, worth $3.2 billion, open in Macau later on Wednesday. As well as the mainland's crackdown, Macau's government is forcing casino firms, also including SJM Holdings...

  • EAST DUBUQUE, Illinois, May 25- Mario Enriquez says there's no real trick to getting great fuel mileage in a big truck. Enriquez averaged 9.74 miles per gallon from February to April in an International ProStar made by Navistar International Corp. For that, his employer, Mesilla Valley Transportation, awarded him a Nissan Versa compact car.

  • ST LOUIS, May 22- A federal grand jury is probing a Los Angeles- area casino following allegations by state authorities the business allowed some players to evade transaction reporting requirements and possibly launder money, a source said. The grand jury is probing the operations of the Gardena- based Normandie Casino, the source said. Lauren Miller, general...

  • U.S. airlines ramp up competition, capacity in Dallas Wednesday, 20 May 2015 | 6:45 PM ET

    May 20- The shares of U.S. airlines plunged on Wednesday on concerns that several big carriers are gearing up for a fare war, with Dallas as ground zero. Southwest said the acquisition of two airport gates at its Dallas Love Field hub will contribute to the increase. American Airlines Group Inc President Scott Kirby said during a transportation conference on...

  • NEW YORK, May 20- JetBlue Airways Corp believes it had no way to know it should have grounded a former pilot before his midair meltdown forced an emergency landing, and that his $14.9 million damages lawsuit should be dismissed. "There is absolutely nothing JetBlue could have done to prevent the unforeseeable and scary events" caused by Clayton Osbon's erratic...

  • At Sharp, decline marked by over-confidence, drift Friday, 15 May 2015 | 12:35 AM ET

    TOKYO, May 15- In private conversations early last year, executives at Japanese display maker Sharp Corp dubbed their new client "winning horse," reckoning. Within months, however, Sharp found it was sharing Xiaomi revenue as upstart rival Japan Display also struck a deal to supply the Chinese firm with its "in-cell" displays. Once among the top display suppliers to...

  • That ugly casino carpet? Here's what's under it Thursday, 14 May 2015 | 12:18 PM ET
    Another busy carpet. The casino floor at Caesars Palace, Las Vegas.

    CNBC looks at those busy casino carpets and the surprising thing that is under them.

  • Why Ted Cruz is wowing some of Wall Street's money-men Thursday, 14 May 2015 | 1:00 AM ET

    NEW YORK, May 14- Presidential candidate Ted Cruz, a Tea Party favorite and leading figure in the 2013 government shutdown that rattled investors, isn't the kind of politician who usually wins a lot of friends among Wall Street campaign donors. Despite the uncompromising rhetoric, Cruz is winning praise from some potential Wall Street donors, including bankers...

  • *First-qtr profit $0.56/ shr vs est $0.62. May 13- Macy's Inc forecast a lower second-quarter profit as it marks down merchandise received late due to a strike at West Coast ports and foreign tourists spend less as the dollar stays strong. Macy's, which operates the upscale Bloomingdale's chain as well as its namesake stores, said first-quarter profit and sales...

  • LOS ANGELES, May 12- The "Fight of the Century" between boxing greats Floyd Mayweather Jr. and Manny Pacquiao generated record pay-per-view revenue in the United States of $400 million from 4.4 million buys, cable networks Showtime and HBO said on Tuesday. The Mayweather-Pacquiao fight was co-produced and co-distributed by Showtime, a unit of CBS Corp, and Time...

  • The Vegas company that won Mayweather vs. Pacquiao Friday, 8 May 2015 | 3:55 PM ET
    Manny Pacquiao is punched by Floyd Mayweather Jr. in the first round of their title fight in Las Vegas on May 2, 2015.

    The boxing match boosted gambling on the Las Vegas Strip with MGM getting the biggest payout, according to ITG Investment Research.

  • "I don't think it is going to happen until 2016," said Anthony Scaramucci, founder of investment firm SkyBridge Capital and host of the three-day conference in Las Vegas. "I was in the camp that they would go in the first half of this year, but that has been pushed way back, back into the first half of 2016," said Lee Partridge, chief investment officer of asset management...

  • LAS VEGAS, May 6- Hedge fund mogul Daniel Loeb on Wednesday took aim at the " Oracle of Omaha," calling beloved billionaire Warren Buffett a hypocrite. He criticizes activists but he was the first activist, "Loeb, who runs $17.5 billion hedge fund Third Point, said about Buffett who has been running conglomerate Berkshire Hathaway for 50 years. Loeb, known in investment...

  • Paulson, Bernanke: What's said in Vegas stays in Vegas Wednesday, 6 May 2015 | 8:59 PM ET

    LAS VEGAS May 6- Would you like to know whether sage investor and mammoth hedge fund manager John Paulson is bullish on stocks? The SkyBridge Alternatives Conference, known as SALT, attracts 1,800 investors who pay thousands of dollars apiece to attend the annual Las Vegas event. As the head of $20 billion firm Paulson& Co., Paulson's thoughts on the markets and...

  • David Colletti, a former MillerCoors vice president, was charged in an indictment filed in federal court in Chicago with mail and wire fraud for his role in an alleged scheme that caused the company to be falsely billed for promotional events and marketing services. MillerCoors, a U.S. joint venture between SABMiller Plc and Molson Coors Brewing Co was not...

  • LAS VEGAS, May 6- Daimler has been granted a licence by the U.S. state of Nevada to test self-driving trucks on public roads, as the United States and Europe race to establish a regulatory framework for autonomous vehicles. While companies such as Google have dominated the headlines with advances in driverless cars, Daimler board member Wolfgang Bernhard told...

  • LAS VEGAS, May 5- Democratic presidential candidate Hillary Clinton called on Tuesday for undocumented immigrants to be allowed to gain U.S. citizenship, courting Latino voters and drawing a line between herself and Republican rivals for the White House in 2016.. Former Florida Governor Jeb Bush, a Republican who is weighing a White House bid, has proposed...