Archive for October, 2007

Taiwan-based ICP Electronics to begin shipping casino machines to Gtech by year-end (Digi Times)

Wednesday, October 31st, 2007

ICP Electronics, a Taiwan-based maker of industrial PCs, expects to start shipments of casino machines to US-based Gtech by the end of 2007, according to the company.

Original post by Yahoo! News: Business

CORRECTED: Oil leaps to $96 high on U.S. inventory drop (Reuters)

Wednesday, October 31st, 2007

A ship loads crude oil at Bonga off-shore oil field outside Lagos, October 30, 2007. (Akintunde Akinleye/Reuters)Reuters - Corrects paragraph 4 to show oil prices rose $4.15 instead
of $4.77 a barrel on Wednesday, and that the gain is nearly 5
percent

Original post by Yahoo! News: Business

Lemay casino project delayed (St. Louis Post-Dispatch)

Wednesday, October 31st, 2007

A $375 million casino project in Lemay in south St. Louis County won’t be opening next year as planned. Las Vegas-based Pinnacle Entertainment Inc. says several factors have combined to delay its River City Casino & Hotel project by up to six months, with a debut now set for the first half of 2009.

Original post by Yahoo! News: Business

Catskeller to host poker tournament (The News Record)

Wednesday, October 31st, 2007

Looking for a place to show off your skills at poker in a more competitive setting than a night out with the guys? The Catskeller, located on the bottom floor of Tangeman University Center, is set to hold a Texas Hold ‘Em poker tournament on Friday, Nov. 2 at 7 p.m.

Original post by Yahoo! News: Business

Mashpee Wampanoag favor federal casino route (The Standard-Times)

Wednesday, October 31st, 2007

While the Mashpee Wampanoag haven’t given up on seeking a state license, the tribe now feels federal approval under the Indian Gaming Control Act is the quicker, easier route to opening a resort casino in Middleboro.

Original post by Yahoo! News: Business

Oil leaps to $96 high on U.S. inventory drop (Reuters)

Wednesday, October 31st, 2007

A ship loads crude oil at Bonga off-shore oil field outside Lagos, October 30, 2007. (Akintunde Akinleye/Reuters)Reuters - Oil leaped nearly 2 percent to top $96
for the first time on Thursday, extending the previous day’s 5
percent surge after an unexpected sharp fall in U.S. crude
stocks and data showing strong economic growth.

Original post by Yahoo! News: Business

Ruling Blocks Tribal Casino in Hamptons (New York Times)

Wednesday, October 31st, 2007

A federal judge ruled that the Shinnecock Indian Nation had lost aboriginal title to the land during Colonial times, and therefore must follow town zoning and building regulations, which forbid casinos.

Original post by Yahoo! News: Business

Prudential profits fall 25 percent in 3Q (AP)

Wednesday, October 31st, 2007

A Prudential Financial sign on a marquis oustide an office building is seen in this Aug. 2, 2005 file photo in Salt Lake City. Prudential Financial Inc. is expected to release quarterly earnings on Wednesday, Oct. 31, 2007. (AP Photo/Douglas C. Pizac, file)AP - Prudential Financial Inc., a major insurance and investment company, reported a 25 percent decline in third-quarter earnings Wednesday but raised earnings guidance for the year.

Original post by Yahoo! News: Business

Duplicate poker has arrived (The Desert Sun)

Wednesday, October 31st, 2007

In duplicate poker each tournament table is dealt exactly the same cards, and while you are playing against the people at your table, you are also playing against the person sitting in the same seat as you at every other table. Your ability to win more than someone else with the same hand is what counts. The idea is to eliminate the luck factor.

Original post by Yahoo! News: Business

Auto sales seen dipping in October (Reuters)

Wednesday, October 31st, 2007

General Motors introduces the new 2008 Cadillac CTS during press days at the 2007 North American International Auto Show in Detroit, January 8, 2007. U.S. auto sales are expected to have dipped slightly in October, as stepped-up incentive spending by automakers could not totally offset the drag from continued turmoil in the U.S. housing market, analysts said. (Rebecca Cook/Reuters)Reuters - Auto sales are expected to have dipped
slightly in October, as stepped-up incentive spending by
automakers could not totally offset the drag from continued
turmoil in the housing market, analysts said.

Original post by Yahoo! News: Business

Reader’s Digest gambling investigated (Boston Globe)

Wednesday, October 31st, 2007

State officials said Wednesday they have asked Reader’s Digest for information about whether the magazine provided a money-wheel and possibly other illegal gambling devices to a Connecticut high school.

Original post by Yahoo! News: Business

Foes fail to block interchange for Shingle Springs casino (The Sacramento Bee)

Wednesday, October 31st, 2007

Foes of a Highway 50 interchange to serve an Indian casino in Shingle Springs lost their bid to prevent the contractor from setting up a temporary construction storage yard off Shingle Springs Drive.

Original post by Yahoo! News: Business

Crocs’ Q3 Earnings More Than Doubled, But Sales, Tepid Outlook Trip Up Shares (Investor’s Business Daily)

Wednesday, October 31st, 2007

Investor’s Business Daily - Crocs (NasdaqGS:CROX - News) has been in step with fashion on Main Street and Wall Street for some time, but the footwear powerhouse plunged late Wednesday as investors panned its third-quarter results.

Original post by Yahoo! News: Business

No Ombudsman in American Home Bankruptcy (AP via Yahoo! Finance)

Wednesday, October 31st, 2007

The judge presiding over the bankruptcy of American Home Mortgage Investment Corp. on Wednesday denied requests from some homebuyers to appoint a consumer privacy ombudsman.

Original post by Yahoo! News: Business

Federal Home Loan Bank of San Francisco Releases September 2007 Cost of Funds Index (Business Wire via Yahoo! Finance)

Wednesday, October 31st, 2007

SAN FRANCISCO—-The Federal Home Loan Bank of San Francisco announced October 31, 2007, that the 11th District Monthly Weighted Average Cost of Funds Index for September 2007 is 4.383%.

Original post by Yahoo! News: Business

Choctaw Chief Could Look West If Jackson County Casino Fails (WLOX-TV Biloxi)

Wednesday, October 31st, 2007

Despite a vow from Governor Barbour that he opposes the Choctaw’s casino plan for Jackson County, the tribe continues to campaign for its Highway 57 proposal.

Original post by Yahoo! News: Business

Oil surges to record at over $95 a barrel (Reuters)

Wednesday, October 31st, 2007

A ship loads crude oil at Bonga off-shore oil field outside Lagos, October 30, 2007. (Akintunde Akinleye/Reuters)Reuters - U.S. oil hit a record over $95 a
barrel on Wednesday, posting the biggest gain in 10 months
after a steep drop in U.S. inventories fueled winter supply
concerns and the U.S. Federal Reserve cut interest rates.

Original post by Yahoo! News: Business

Stocks end higher after Fed rate cut (AP)

Wednesday, October 31st, 2007

Traders work at the New York Stock Exchange on Wednesday, Oct. 31, 2007 in New York. The Federal Reserve will announce later if it will cut interest rates, as many predict. (AP Photo/Mark Lennihan)AP - Wall Street bounded higher Wednesday after the Federal Reserve assuaged some of investors’ fears about a sinking economy, stating that risks to the financial markets from the summer’s credit crises have eased. The Dow Jones industrial average gained more than 130 points on the day.

Original post by Yahoo! News: Business

VFW poker run benefits troops (Marion Daily Republican)

Wednesday, October 31st, 2007

MARION — The Second Brigade in conjunction with the Marion VFW Post 1301, is sponsoring a Care Package Poker Run Saturday, Nov. 3.

Original post by Yahoo! News: Business

Oil surges 5 percent to record at over $95 a barrel (Reuters)

Wednesday, October 31st, 2007

A ship loads crude oil at Bonga off-shore oil field outside Lagos, October 30, 2007. (Akintunde Akinleye/Reuters)Reuters - U.S. oil hit a record over $95 a
barrel on Wednesday, posting the biggest gain in 10 months
after a steep drop in U.S. inventories fueled winter supply
concerns and the U.S. Federal Reserve cut interest rates.

Original post by Yahoo! News: Business

Prudential posts lower earnings (Reuters)

Wednesday, October 31st, 2007

Reuters - Prudential Financial Inc , one
of the largest U.S. life insurers, said on Wednesday that
third-quarter net income fell 25 percent, hurt by investment
losses, but operating earnings beat analysts’ expectations.

Original post by Yahoo! News: Business

Advance Auto profit rises but margins fall (Reuters)

Wednesday, October 31st, 2007

Reuters - Advance Auto Parts Inc , the No.
2 U.S. retail parts chain, reported on Wednesday that quarterly
earnings rose on higher sales from previously announced
initiatives, but said its margins were down.

Original post by Yahoo! News: Business

Fed cuts rate to help ease housing slump (AP)

Wednesday, October 31st, 2007

Federal Reserve chairman Ben Bernanke, seen here in February 2007.  The Federal Reserve, in a widely expected move, cut US short-term interest rates Wednesday saying that economic momentum was likely to slow in coming months.(AFP/File/Karen Bleier)AP - The Federal Reserve sliced an important interest rate Wednesday — its second reduction in the last six weeks — to help the economy survive the strains of a deepening housing slump that is likely to crimp growth in coming months.

Original post by Yahoo! News: Business

Oil surges 5 percent to record $95 a barrel (Reuters)

Wednesday, October 31st, 2007

A ship loads crude oil at Bonga off-shore oil field outside Lagos, October 30, 2007. (Akintunde Akinleye/Reuters)Reuters - Oil surged 5 percent to a record $95 a
barrel on Wednesday after a steep drop in U.S. inventories
fueled winter supply concerns and the U.S. Federal Reserve cut
interest rates.

Original post by Yahoo! News: Business

Stocks leap higher after Fed rate cut (AP)

Wednesday, October 31st, 2007

Traders Earl F. Counter, left, and Lance C. Frericks signal in the Standard & Poor's 500 futures pit at the Chicago Mercantile Exchange in Chicago on Wednesday, Oct. 31, 2007. The Federal Reserve, confronted with surging oil prices and a slumping housing market, cut a key interest rate by a quarter-point in an effort to stimulate economic activity and keep the country from dipping into a recession. It was the Fed's second rate reduction this year. (AP Photo/Charles Rex Arbogast)AP - Wall Street bounded higher Wednesday after the Federal Reserve lowered interest rates as expected and said risks to the financial markets from the summer’s credit crisis have eased. The Dow Jones industrial average gained more than 130 points on the day.

Original post by Yahoo! News: Business

MetLife posts flat earnings per share (Reuters)

Wednesday, October 31st, 2007

Reuters - MetLife Inc , the largest U.S.
life insurer, said on Wednesday net earnings per share for the
third quarter were flat with the year ago period due to higher
expenses and lower underwriting margins.

Original post by Yahoo! News: Business

Wall St jumps after Fed’s Halloween treat and data (Reuters)

Wednesday, October 31st, 2007

Traders work on the floor of the New York Stock Exchange in New York, October 26, 2007. (Jeff Zelevansky/Reuters)Reuters - Stocks rose on Wednesday, buoyed by
both the Federal Reserve’s interest-rate cut and its view that
credit market strains have eased somewhat and by reports
showing surprising strength in economic growth and employment.

Original post by Yahoo! News: Business

Castagna pled guilty to stealing woman’s casino winnings (KXLY-TV Spokane)

Wednesday, October 31st, 2007

SPOKANE — Several days before he met a state lawmaker at his downtown hotel room which led to claims of cross-dressing, solicitation and blackmail, Cody Castagna appeared in a Kootenai County courtroom where he pled guilty to stealing a woman’s gambling winnings from the Coeur d’Alene Casino in March.

Original post by Yahoo! News: Business

Advance Auto earnings rise (Reuters)

Wednesday, October 31st, 2007

Reuters - Advance Auto Parts Inc , the No.
2 U.S. retail parts chain, said on Wednesday that quarterly
earnings rose, citing higher sales from previously announced
initiatives.

Original post by Yahoo! News: Business

Tribal casino with legal woes hoping to open in KC (NewsChannel 4)

Wednesday, October 31st, 2007

A casino in Kansas City, Kansas, owned by an Oklahoma tribe and involved in a legal battle is nearly remodeled and is set to open.

Original post by Yahoo! News: Business