RSS Feed

News Tribune Financial

Atlantic City casino hotel starts shutdown Monday after just 2 years

The most spectacular and costly failure in Atlantic City's 36-year history of casino gambling begins to play out Monday when the $2.4 billion Revel Casino Hotel empties its hotel.

Atlantic City losing 2 casinos, 5K jobs in 3 days

A time few could imagine during the not-too-distant glory days of casino gambling has arrived in Atlantic City, where two casinos will close this weekend and a third will shut down in two weeks.

Ukraine conflict weighs on markets; Retailers fall

U.S. financial markets ended slightly lower Thursday, marking their first loss in a week of record highs.

US economy forecast to grow by 1.5 percent in 2014

The Congressional Budget Office on Wednesday forecast that the U.S. economy will grow by just 1.5 percent in 2014, undermined by a poor performance during the first three months of the year.

Stocks drift higher; S&P 500 holds on to 2,000

Even in a daylong sideways drift, the Standard & Poor’s 500 index managed to eke out its third record close in three days.

Tease photo

As conference ends, economists give clashing views

For the economists and central bankers who gathered in Wyoming for the past three days, attention fell on a consequential matter: the often conflicting relationship between unemployment and inflation. How, they argued, should central banks manage their control of interest rates to strengthen job markets without igniting inflation?

Family Dollar rejects Dollar General offer

Family Dollar has rejected a takeover bid from dollar-store competitor Dollar General, saying it would be too hard for the deal to pass antitrust regulators.

Bank of America settlement likely to benefit few

Bank of America’s record $16.65 billion settlement for its role in selling shoddy mortgage bonds — $7 billion of it geared for consumer relief — offers a glint of hope for desperate homeowners.

Stocks advance to put S&P 500 at record high

The stock market advanced for a fourth straight day Thursday, pushing the Standard & Poor’s 500 index to a record high.

Some Fed officials want to slow economic help soon

Some Federal Reserve officials think the U.S. economy is improving fast enough that the Fed will need to act sooner than previously thought to slow the extraordinary support it’s been providing through ultra-low interest rates.

Stocks advance for third day, despite Fed minutes

The stock market rose for a third straight day Wednesday despite a report from the Federal Reserve that showed a growing chorus of central bank officials willing to raise interest rates sooner rather than later.

PSC rejects Noranda’s rate-change request

Noranda Aluminum won’t get reduced rates, the Public Service Commission said today.

PetSmart to consider selling itself

Bowing to pressure from investors, PetSmart Inc. said Tuesday that it is considering putting itself up for sale.

Audit: 'Obamacare' tax not meeting revenue target

An "Obamacare" tax on medical devices is falling short of its revenue target because thousands of companies aren't paying it, according to a government audit released Tuesday.

Stocks rise as US home construction rebounds

A summer swoon for the stock market appears to be over for now.

Previous