Press of Atlantic City

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National Business

Jul 04, 2008	European shares fall, Asia markets mixedAP Business Writer Jeremiah Marquez contributed to this report from Hong Kong.
Jul 04, 2008	Gas prices hit another high for holiday weekend
Jul 04, 2008	Oil prices fall more than $1 a barrelAssociated Press Writer Alex Kennedy in Bangkok, Thailand, contributed to this story.
Jul 04, 2008	Canadian telecom BCE, suitor agree on terms
Jul 04, 2008	9 convicted in Austria fraud case
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Technology

Jul 04, 2008	Minn. teen charged with offering his vote on eBay
Jul 04, 2008	Canadian telecom BCE, suitor agree on terms
Jul 04, 2008	Court orders YouTube to give Viacom video logs
Jul 03, 2008	EU musicians oppose Europe-wide online licensing
Jul 03, 2008	Internet addressing agency loses its own addresses
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Autos

Jul 03, 2008	Tesla Motors to stay in Calif. after tax break
Jul 02, 2008	Honda grows while US auto industry faltersAssociated Press Writer Margaret Harding contributed to this report.
Jul 02, 2008	GM shares fall below $10 for first time since 1954
Jul 02, 2008	June car sales plummet; more declines expected
Jun 30, 2008	Chrysler to close 1 plant, cut production at 2ndAP Business Writer Jeff Karoub contributed to this report.
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Jobs

Jul 03, 2008	Treasury prices mixed as rate hike seems uncertain
Jul 03, 2008	American workers brace for thousands of job cuts
Jul 02, 2008	Actors' union, theater producers reach agreement
Jul 02, 2008	UnitedHealth cuts 4,000 jobs and 2008 outlookAssociated Press writer Steve Karnowski contributed to this report.
Jun 27, 2008	BofA to cut 7,500 jobs after Countrywide deal
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Real Estate

Jul 02, 2008	Bush concedes tough month in Afghanistan
Jul 01, 2008	Gov. pushing plan to help struggling NC homeowners
Jul 01, 2008	BofA completes deal for Countrywide Financial
Jul 01, 2008	CIT Group exits home lending businessesAP Business Writer Jennifer Malloy in New York
Jun 30, 2008	Wachovia quits offering risky mortgage loan
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Science & Nature

Jul 01, 2008	Planets, Regulus unite to parade high above holiday fireworks
Jul 01, 2008	Sea-rocket survives by sharing the wealth
Jun 24, 2008	Tunguska Event in 1908 still a mystery
Jun 24, 2008	Wildlife stay near human homes for predator protection
Jun 17, 2008	Friday's solstice earliest in 112 years
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Penn National's $5.82 billion takeover is off

By DEBORAH YAO Associated Press

Published: Jul 04, 2008

PHILADELPHIA - Two investment firms pulled the plug Thursday on their $5.82 billion acquisition of Penn National Gaming Inc. after the racetrack and casino operator's stock price tumbled.

But they will pay for pulling out. Penn National will get $225 million in cash as a termination fee, plus $1.25 billion in what amounts to no-cost capital until 2015.

Penn National Gaming this year has been pursuing two possible development sites in Atlantic City. The city government is considering rezoning land along Route 30 for casino use in response to Penn National interest, and the company also has offered $800 million to buy Bader Field, the resort's largest tract of undeveloped land.

Penn National officials weren't available Thursday to comment on whether the failed buyout would affect its Atlantic City ambitions. More

Jul 04, 2008

• Stimulus check may soon be in the mail

Dear Consumer Action:

Jul 03, 2008

• Gym replaces customer's iPod that was lost, found, lost again

Dear Consumer Action:

Jul 03, 2008

• Gas prices put pressure on car sales

These days, the compact Ford Focus is the focus of much attention on the lot of Kindle Autoplaza in Cape May Court House.

Jul 02, 2008

• Top 10 stocks

10 MOST ACTIVE: NYSE

Jul 02, 2008

• Caller given misinformation on TV converter coupon

Dear Consumer Action:

Jul 02, 2008

• Trump Plaza tells dealers it won't bargain with UAW

ATLANTIC CITY - Trump Plaza Hotel and Casino has told the union that has earned the right to represent its dealers the casino won't be coming to the bargaining table.

Jul 01, 2008

• Satellite phone company sending refund

Dear Consumer Action:

Jul 01, 2008

• Top Ten Stocks

10 MOST ACTIVE: NYSE

Jul 01, 2008

• N.J. economic outlook sinks as joblessness rises

PHILADELPHIA - The Federal Reserve's forecasting gauge for New Jersey's economy has turned negative for the first time in 17 years.

Jul 01, 2008

• Study positive on wholesale electricity pricing model

In the buying and selling of wholesale electricity, the operator of the regional power grid adopted a pricing model last year to improve upon a previous system it considered broken.

Jul 01, 2008

• Frustrations mount as delays grow in Tropicana's sale

ATLANTIC CITY - More delays in the slow-motion sale of Tropicana Casino and Resort drew sharp criticism and even one dissenting vote Monday from frustrated New Jersey gaming regulators.

Jun 29, 2008

• People in business for June 29, 2008

Rowan appoints new dean to business school

Jun 29, 2008

• Social Security fund should be for Social Security

25 Words or Less readers came through this week with lots of good ideas for saving Social Security.

Jun 29, 2008

• Car wash owner upgrades, prevents business from being all wet

At the start of the year, the automatic car wash machine at All Washed Up in Egg Harbor City was taking on the conventional meaning of the service's clever name.

Jun 28, 2008

• Spirit Airlines announces flights from A.C. to Colombia via Florida

From Press staff reports

Jun 28, 2008

• If you know how to ask, you can find out where your refunds are

Dear Consumer Action:

Jun 28, 2008

• If you know how to ask, you can find out where your refunds are

Dear Consumer Action:

Jun 28, 2008

• Spirit to fly from A.C. to Colombia via Florida

From Press staff reports

Jun 27, 2008

• Top Ten stocks

10 MOST ACTIVE: NYSE

Jun 27, 2008

• Graduate of India university must get papers to validate degree

Dear Consumer Action:

Jun 25, 2008

• Online business-card order draws a blank

Dear Consumer Action:

Jun 24, 2008

• Pool installation problems offer consumer lessons

Dear Consumer Action:

Jun 24, 2008

• Discussions under way to revive casino ferry service between NYC and Atlantic City

ATLANTIC CITY - The last time a casino ferry operated scheduled service between New York and Atlantic City, wobbly-legged gamblers staggered off the decks, their faces pale from seasickness.

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