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  • MGM Growth Properties raised $1.05 billion in its initial public offering Wednesday. Its stock is trading under the ticker symbol "MGP" on the New York Stock Exchange. MGM Growth Properties, which had been a subsidiary of MGM Resorts International, is based in Las Vegas.

  • The same is usually true when it comes time to pay Uncle Sam, especially in Colorado, Washington state and Oregon where the booming recreational marijuana market brings in big money to state coffers. When Oregon began taxing recreational pot this year, it raked in $3.5 million in its first month— exceeding expectations for the entire year— and more than half came...

  • WASHINGTON— A tie vote from the Supreme Court means California officials can be hauled into a Nevada state court to face allegations in a long-running tax dispute with a Nevada inventor. But on a separate issue in the case, the justices ruled 6-2 that Nevada can't award damages greater than what California or Nevada law would allow. Hyatt is a former California...

  • UnitedHealth's decision to slash its participation in the Affordable Care Act's insurance exchanges shows how these still-new marketplaces remain unsettled heading toward their fourth year. UnitedHealth covered 795,000 people through the exchanges as of the end of March, or roughly 6 percent of the 12.7 million total people who signed up for 2016...

  • NEW YORK, April 15- Sprint Corp said on Friday it has extended LTE Plus, a network improvement that offers customers its fastest network and higher data speeds to New York City and 190 other markets. Overland Park, Kansas- based Sprint has been giving customers half-off discounts to switch to its service and cutting costs to the tune of $2.5 billion by slashing jobs...

  • April 15- U.S.-based casino operator Red Rock Resorts Inc plans to raise as much as $569 million in an initial public offering, which could value the company at about $2.4 billion. Other companies currently marketing their IPOs include Dell- owned cyber security firm Dell Secure Works and MGM Growth Properties LLC, a real estate investment trust backed by...

  • WASHINGTON, April 14- U.S. federal, state and local government agencies rank in last place in cyber security when compared against 17 major private industries, including transportation, retail and healthcare, according to a new report released Thursday. Government agencies have struggled for years to keep pace with malicious hackers and insider threats, a...

  • April 12- Wal-Mart Stores Inc said on Tuesday that it was partnering with ChannelAdvisor Corp, a software company that aggregates retailers and brands for online marketplaces, in an effort to expand the number of products on its website. Seth Beal, head of Wal-Mart's online marketplace, said the retailer could expand the number of third-party sellers,...

  • April 12- Wal-Mart Stores Inc said on Tuesday that it was partnering with ChannelAdvisor Corp, a software company that aggregates retailers and brands for online marketplaces, in an effort to expand the number of products on its website. The deal should make it easier for the thousands of retailers and vendors that are working with ChannelAdvisor to get their...

  • April 8- Real estate investment trust MGM Growth Properties LLC will start marketing its U.S. initial public offering to investors on Monday, in a road show targeting as much as $1.2 billion in the largest IPO so far this year, sources said on Friday. MGM Growth Properties, backed by gaming and hospitality company MGM Resorts International Inc, said in a regulatory...

  • The SEC said the consultant served as a middleman to conceal Las Vegas Sands' effort to buy a team in the Chinese Basketball Association, which forbade gaming companies from ownership, and part of a Beijing building despite China's casino gambling ban. Las Vegas Sands also failed to properly document some transactions involving its Macau operations, the SEC...

  • The lawsuit, filed in federal court in Illinois, is the first brought by a VW franchise dealer over the automaker's admitted use of software that allowed nearly 600,000 vehicles to emit up to 40 times legally allowable pollution, said Steve Berman, a lawyer for the owner of the dealerships. A Volkswagen spokeswoman did not immediately comment on the suit filed by...

  • Tesla's new Model 3 is off to a fast start, but the company may need to raise more cash if it hopes to deliver the new vehicle on time, analysts say.

  • HONG KONG, April 3- A Macau court has ruled that a former business partner of Las Vegas Sands Corp, the world's biggest casino company, can proceed with a lawsuit seeking billions in damages for breaking the terms of their former partnership agreement. In a filing made on March 16, a court in the Chinese southern territory denied Las Vegas Sands a motion to dismiss...

  • Tesla's stock price bounced around $237 in afternoon trading after opening at nearly $248, the highest mark in six months. Morgan Stanley analyst Adam Jonas, a longtime Tesla booster, predicted the Silicon Valley car maker's sales will hit just under 250,000 in 2020, but maintained a bullish $333 price target on the stock. Barclays analyst Brian Johnson, with a...

  • DETROIT, April 1- Nissan Motor Co's March U.S. auto sales increased 12.7 percent, topping analysts estimates, on the strength of its mainstay sedans. Nissan was the first of the major automakers to report March U.S. sales on Friday. Fiat Chrysler Automobiles, which normally is the first of the major automakers to report sales each month, delayed its press release...

  • March 28- Elaine Wynn, former wife of Wynn Resorts Ltd founder Steve Wynn, sued him on Monday to get control over her nearly 10 percent stake, worth close to $900 million, in the casino company. In papers filed with a state court in Clark County, Nevada, Elaine Wynn is seeking to void the agreement so she can take control of her Wynn Resorts stake, plan her estate to benefit...

  • NEW YORK, March 28- An index of global stocks edged higher on Monday, as did Wall Street, which was bolstered by a softer dollar as weak U.S. economic data cut expectations of a near-term interest rate increase by the Federal Reserve. With share markets in Europe, as well as those in Australia, New Zealand and Hong Kong closed for holidays following last week's Good...

  • March 23- The former chief executive of TierOne Bank, a publicly traded Nebraska lender that failed in June 2010, was sentenced on Wednesday to 11 years in prison for fraudulently concealing loan and real estate losses during and after the financial crisis. District Judge John Gerrard in Lincoln, Nebraska to pay a $1.2 million fine, the U.S. Department of Justice...

  • FRANKFURT, March 18- Ride-hailing service Uber has sounded out car companies about placing a large order for self-driving cars, an auto industry source said on Friday. Volkswagen's Audi, Daimler's Mercedes-Benz, BMW and car industry suppliers Bosch and Continental are all working on technologies for autonomous or semi-autonomous cars.