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  • Lawyer: Offers made for closed Revel casino

    ATLANTIC CITY, N.J. (AP) — The lawyer for a Florida developer who has offered $90 million for the former Revel Casino Hotel in Atlantic City says multiple offers have been received for it, and an auction will be held Wednesday. Stuart Moskovitz, the attorney for developer Glenn Straub, said Tuesday evening that Revel attorneys told him there...

  • Ban sought on children working on tobacco farms

    WASHINGTON (AP) — Thirty-five House Democrats are urging the Obama administration to prohibit children from working on tobacco farms, citing concerns about ill health effects. The lawmakers, led by Reps. David Cicilline, D-R.I., and Matt Cartwright, D-Pa., made their plea in a letter to Labor Secretary Thomas Perez. A copy of the letter was...

  • Wind energy proposal would light Los Angeles homes

    LOS ANGELES (AP) — An alliance of four companies proposed an $8 billion project Tuesday that within a decade could send wind power generated on the plains of Wyoming to households in Southern California. If approved and financed, the sprawling venture would produce clean power equivalent to the output of a large nuclear power plant by creating...

  • Things to know about $8B wind energy proposal

    CHEYENNE, Wyo. (AP) — An alliance of four companies has proposed an $8 billion project to supply the Los Angeles area with large amounts of electricity from a wind farm in Wyoming. Here are a few things to know about the ambitious project: — COMPRESSED AIR: Wyoming wind seems to blow year-round, but it's actually a lot windier in during...

  • Citizens Financial sets IPO at $21.50 a share

    NEW YORK (AP) — Citizens Financial Group has raised about $3 billion in its initial public offering of stock that was priced at $21.50 a share, below the expected range. The U.S. banking unit of The Royal Bank of Scotland Group said late Tuesday that it sold 140 million shares in the IPO that had initially been expected to fetch between $23...

  • San Diego philanthropist launches newspaper bid

    SAN DIEGO (AP) — An octogenarian philanthropist launched a bid to buy San Diego's dominant newspaper and turn it into one of the nation's largest nonprofit news organizations, while another major Southern California publisher ceased publication of its Los Angeles newspaper after only five months. Malin Burnham's bid for U-T San Diego is the...

  • Wharf fire disrupts Los Angeles-area ports

    LOS ANGELES (AP) — A fire that raged overnight on the underside of an old wooden wharf was finally quelled Tuesday but not before all container terminals at the Port of Los Angeles and several in adjacent Long Beach harbor were shut down because of worries about unhealthy smoke. Concern about the plume from burning creosote-preserved timber in...

  • Mercedes labor chief seeks UAW foothold in Alabama

    The head labor official on Daimler AG's supervisory board says he considers it "unacceptable" that the German automaker's Mercedes plant in Alabama stands alone among the company's factories around the world without union representation for its workers. Michael Brecht, who took over as head of Daimler's works councils and as deputy chairman of...

  • IT'S YOUR MONEY: Minimum liability on car insurance not adequate for most drivers

    The state of Colorado requires you to carry liability insurance in case you injure someone or damage someone's property with your vehicle. Specifically, the law requires liability insurance of at least $25,000 for bodily injury per person, $50,000 bodily injury per accident and $15,000 for property damage. But the liability requirements are...

  • MONEY & THE LAW: Jury duty a painless intellectual challenge

    For most people, a jury summons is the rough equivalent of a tax audit letter. In reality, jury duty in Colorado is, relatively painless. Under the Uniform Jury Selection and Service Act, Colorado has adopted a one day/one trial system. Unless you're actually selected to serve on a jury, your service will be over in a day. If you are...

  • Prosecutor: Convicted developer hoarded cash

    RICHMOND, Va. (AP) — A former developer has been sentenced to 20 years in prison for fraudulently obtaining tax credits and then plotting to flee the country while he was supposed to be liquidating assets to raise money to repay his victims. Prosecutor Michael Gill said Tuesday that Billy Gene Jefferson was awaiting sentencing for the $12...

  • Judge will make Detroit water decision Monday

    DETROIT (AP) — A lawyer representing poor Detroit residents urged a judge Tuesday to suspend water shutoffs until next spring and order the city to come up with a new way to keep a critical service in place for people who simply can't afford it. "Detroit has an endemic poverty issue. ... We may not be able to save everybody, but we may be able...

  • Big new iPhone brings Apple more profit

    SAN FRANCISCO (AP) — Apple's largest iPhone is selling for $100 more than its other new model, but an outside research firm estimated Tuesday that it costs Apple only $15.50 more to make the more expensive version. Apple said it sold more than 10 million of the new iPhone 6 and iPhone 6 Plus models in their first three days on sale. Both have...

  • Oil near its low for the year despite turmoil

    NEW YORK (AP) — The oil market has lost its jitters. Some regions around the world are seeing the type of unrest that in the past sent oil prices soaring. Yet oil is down about $15 since mid-summer and near its low for the year. Even with escalating violence in Iraq, OPEC's second largest exporter, and multiple rounds of sanctions by Western...

  • Business Highlights

    ___ Cadillac to ditch Detroit for trendy NYC address DETROIT (AP) — Cadillac wants a jolt from the city that never sleeps. General Motors' 112-year-old luxury car division, founded in Detroit and named for the city's founder, is moving its headquarters to New York. Cadillac, which has been steadily losing sales to its German rivals, wants...

  • How the Dow Jones industrial average did Tuesday

    Grim economic news from Europe and airstrikes in Syria rattled global stock markets on Tuesday. Most of the damage was felt in Europe, which fell sharply after a closely watched gauge of business activity for the region fell to a nine-month low. The disappointing news about Europe's economy also weighed down Wall Street. The Dow Jones...

  • Europe, Syria drag on global stock markets

    NEW YORK (AP) — Grim economic news from Europe and airstrikes in Syria rattled global stocks Tuesday. Most of the damage was felt in European markets, which fell sharply after a closely watched gauge of business activity for the region fell to a nine-month low. The disappointing news about Europe's economy also weighed down Wall Street. The...

  • ACLU sues over Arizona 'revenge porn' bill

    PHOENIX (AP) — A new Arizona law making "revenge porn" illegal is so broad it criminalizes booksellers, artists, news photographers and even historians and is therefore unconstitutional, the American Civil Liberties Union of Arizona said in a federal lawsuit filed Tuesday. The civil rights group said the law can make any person who distributes...

  • Steelcase posts 2Q profit

    GRAND RAPIDS, Mich. (AP) — Steelcase Inc. (SCS) on Tuesday reported earnings of $30.5 million in its fiscal second quarter. On a per-share basis, the Grand Rapids, Michigan-based company said it had net income of 24 cents. Earnings, adjusted for restructuring costs, came to 27 cents per share. The office furniture maker posted revenue of...

  • PERA gets $190 million in settlement with Colorado Springs on Memorial Hospital pensions

    Time for Colorado Springs to pay up. Colorado Springs announced a $190 million settlement with the Colorado Public Employees' Retirement Association on Tuesday, ending their high-stakes dispute over unfunded pension liabilities at Memorial Hospital. The agreement, unanimously approved by City Council on Tuesday, ends the largest legal...

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