Archive for November, 2007

Macau casino features Vietnamese poker talent (The Jakarta Post)

Friday, November 30th, 2007

Dinh Le’s victory at the recent PokerStars.com Asia Pacific Poker Tour (AAPT) tournament in Macau vindicated Vietnamese talent in another class of mind game.

Original post by Yahoo! News: Business

Interior Dept. OKs tribes’ gambling agreements (San Diego Union-Tribune)

Friday, November 30th, 2007

SACRAMENTO, 8:33 p.m. Nov. 30 (COPLEY NEWS SERVICE): In a stunning development, federal officials confirmed late Friday that controversial gambling agreements for four Southern California Indian tribes, including Sycuan of El Cajon, have been approved by the U.S Interior Department.

Original post by Yahoo! News: Business

Casino officer eyed for police chief job (The Telegraph)

Friday, November 30th, 2007

GREENFIELD — The city is eyeing a casino security officer as its next police chief. The Greenfield City Council police committee is expected to recommend hiring Brett Meyer of Grafton at the City Council’s Dec. 12 meeting.

Original post by Yahoo! News: Business

Lennar forms venture with Morgan Stanley Real Estate (Reuters)

Friday, November 30th, 2007

Reuters - Builder Lennar Corp
said on Friday it formed an investment venture with Morgan
Stanley Real Estate and sold the venture $525 million in
properties.

Original post by Yahoo! News: Business

Home Loan Relief Nearer (Hartford Courant)

Friday, November 30th, 2007

The Bush administration and the mortgage industry, trying to combat a massive wave of foreclosures, are hammering out a proposal to temporarily freeze interest rates on certain troubled subprime mortgages. If adopted, it would be the biggest action taken to cope with the unfolding crisis.

Original post by Yahoo! News: Business

Treasury near subprime aid deal (Reuters)

Friday, November 30th, 2007

A foreclosure sign is seen in Antioch, California, November 27, 2007. (Erin Siegal/Reuters)Reuters - The Treasury Department and mortgage
industry leaders are putting the final touches on a plan that
could save struggling homeowners from foreclosure by freezing
interest rates before they reset sharply higher.

Original post by Yahoo! News: Business

Fed won't let market upset become calamity: Poole (Reuters)

Friday, November 30th, 2007

Federal Reserve Bank of St Louis President William Poole participates in a Bank of Korea seminar in Seoul June 16, 2006. The Federal Reserve would not hesitate to act to prevent financial strains from damaging the economy and any steps it does take are not made to shield investors, Poole said on Friday. (You Sung-ho/Reuters)Reuters - The Federal Reserve would not
hesitate to act to prevent financial strains from damaging the
economy and any steps it does take are not made to shield
investors, a top Fed official said on Friday.

Original post by Yahoo! News: Business

Police: Illegal Poker Operation Busted (WPVI-TV Philadelphia)

Friday, November 30th, 2007

People who frequent Tory’s variety store were disappointed to find the city ordered it closed because of alleged illegal gambling on video poker machines inside.

Original post by Yahoo! News: Business

Playwin puts its money on Goa casino (The Economic Times)

Friday, November 30th, 2007

As per sources, global casino operators will make their presence felt in India via JVs or franchisee route by 2009.

Original post by Yahoo! News: Business

US banks told to freeze home loan repayments (Guardian Unlimited)

Friday, November 30th, 2007

The White House is close to a deal with US mortgage lenders to ease repayments for thousands of cash-strapped homeowners in an attempt to limit the economic and political damage wreaked by millions of home foreclosures

Original post by Yahoo! News: Business

Treasury near deal to aid struggling homeowners (Reuters)

Friday, November 30th, 2007

A foreclosure sign is seen in Antioch, California, November 27, 2007. (Erin Siegal/Reuters)Reuters - The Treasury Department and mortgage
industry leaders are putting the final touches on a plan that
could save struggling homeowners from foreclosure by freezing
interest rates before they reset sharply higher.

Original post by Yahoo! News: Business

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

Friday, November 30th, 2007

SAN FRANCISCO—-The Federal Home Loan Bank of San Francisco announced November 30, 2007, that the 11th District Monthly Weighted Average Cost of Funds Index for October 2007 is 4.233%.

Original post by Yahoo! News: Business

Don't Fear The Weaker Dollar — It's Keeping The Economy Afloat (Investor’s Business Daily)

Friday, November 30th, 2007

Investor’s Business Daily - The plunge in the dollar has turned normally calm voices strident and fearful. A weak currency, they say, spells catastrophe for the U.S. economy.

Original post by Yahoo! News: Business

Dow, S&P 500 gain on housing plan as Nasdaq dips (Reuters)

Friday, November 30th, 2007

Traders work on the floor of the New York Stock Exchange, November 14, 2007. (Chip East/Reuters)Reuters - The Dow and S&P 500 rose on Friday,
capping a dismal November with a four-day rally, as financial
stocks rallied on optimism over a proposed rescue for
struggling homeowners and on heightened expectations for more
interest-rate cuts.

Original post by Yahoo! News: Business

Consumer stocks lead FTSE 100 demotion (FT.com)

Friday, November 30th, 2007

FT.com - A host of consumer-facing stocks look certain to be ejected from the FTSE 100 this month as the impact of the credit squeeze and fears of an economic and consumer spending slowdown feed through to the real economy.

Original post by Yahoo! News: Business

Stocks mostly higher to cap week (AP)

Friday, November 30th, 2007

The Rev. Jesse Jackson looks at a 1968 photo of himself holding a newspaper with the headline, King Murdered!, referring to the killing of Dr. Martin Luther King Jr., that hangs in the American History High School in Newark, N.J., Friday, Nov. 30, 2007. Jackson visited a church and a school in Newark on Friday, in part, to promote marches being organized by him and his Rainbow PUSH Coalition around the nation on Dec. 10. The marches include one planned on Wall Street in New York. (AP Photo/Mike Derer)AP - Wall Street closed out a volatile week and month with a comparatively mild performance Friday, ending mostly higher on encouraging words from Federal Reserve Chairman Ben Bernanke. The major indexes ended the week with gains, but still posted big declines for November.

Original post by Yahoo! News: Business

Optimism fires fourth session of Wall St rises (FT.com)

Friday, November 30th, 2007

FT.com - Wall Street stocks closed mostly higher on Friday, for a fourth consecutive session, as hopes for further interest rate cuts and a nascent plan to help subprime borrowers lifted a range of financial companies and homebuilders.

Original post by Yahoo! News: Business

Dow, S&P 500 jump on housing plan as Nasdaq dips (Reuters)

Friday, November 30th, 2007

Traders work on the floor of the New York Stock Exchange, November 14, 2007. (Chip East/Reuters)Reuters - The Dow and S&P 500 rose on Friday,
capping a dismal November with a four-day rally, as financial
stocks rallied on optimism over a proposed rescue for
struggling homeowners and on heightened expectations for more
interest-rate cuts.

Original post by Yahoo! News: Business

Fed official: Economy shouldn’t suffer (AP)

Friday, November 30th, 2007

AP - Federal Reserve policymakers should consider the impact of turbulent financial markets on the economy’s health when weighing interest rate decisions, a Fed official said Friday.

Original post by Yahoo! News: Business

Tussle continues over $6 million East Chicago casino payment (The Times of Northwest Indiana)

Friday, November 30th, 2007

EAST CHICAGO, Ind. - The new owner of the East Chicago casino wants a judge to place a $6 million annual payment into an escrow account as a legal fight continues between city officials and a nonprofit development group over control of the money.

Original post by Yahoo! News: Business

Stocks mostly advance to cap week (AP)

Friday, November 30th, 2007

The Rev. Jesse Jackson looks at a 1968 photo of himself holding a newspaper with the headline, King Murdered!, referring to the killing of Dr. Martin Luther King Jr., that hangs in the American History High School in Newark, N.J., Friday, Nov. 30, 2007. Jackson visited a church and a school in Newark on Friday, in part, to promote marches being organized by him and his Rainbow PUSH Coalition around the nation on Dec. 10. The marches include one planned on Wall Street in New York. (AP Photo/Mike Derer)AP - Wall Street closed out a volatile week and month with a comparatively mild performance Friday, closing mostly higher on encouraging words from Federal Reserve Chairman Ben Bernanke. The major indexes ended the week with gains, but still posted big declines for November.

Original post by Yahoo! News: Business

Dow, Nasdaq extend gains as Dell drags down tech (Reuters)

Friday, November 30th, 2007

Traders work on the floor of the New York Stock Exchange, November 14, 2007. (Chip East/Reuters)Reuters - The Dow and S&P 500 gained on Friday,
spurred by renewed hopes for an interest-rate cut and optimism
over a proposed rescue for struggling homeowners, but tech
stocks fell after Dell Inc's disappointing outlook.

Original post by Yahoo! News: Business

Casino operator launches Hong Kong-Macau ferry service (USA Today)

Friday, November 30th, 2007

Casino mogul Sheldon Adelson is upping the ante against Macau competitors Friday by launching a ferry service from Hong Kong to the outlying strip of reclaimed land he hopes to transform into a massive gambling and vacation resort.

Original post by Yahoo! News: Business

Lennon bar targeted for illegal gambling (The Argus-Press)

Friday, November 30th, 2007

LENNON - Downtown bar Down the Hatch was one of 19 businesses involved in an illegal gambling raid that swept through Genesee County Monday and accounted for about $8 million in untaxed wagers.

Original post by Yahoo! News: Business

MarketTools Presents Opportunities and Pitfalls of Tapping Into Online Communities and Procter & Gamble Case Study at … (Marketwire via Yahoo! Finance)

Friday, November 30th, 2007

About MarketTools

Original post by Yahoo! News: Business

Mortgage plan cheers Wall St (FT.com)

Friday, November 30th, 2007

FT.com - Wall Street stocks were mostly higher on Friday, rising for a fourth consecutive day, as hopes for further interest rate cuts and a nascent plan to help subprime borrowers lifted a range of financial companies and homebuilders.

Original post by Yahoo! News: Business

Wall Street pares gains after run-up (AP)

Friday, November 30th, 2007

The Rev. Jesse Jackson looks at a 1968 photo of himself holding a newspaper with the headline, King Murdered!, referring to the killing of Dr. Martin Luther King Jr., that hangs in the American History High School in Newark, N.J., Friday, Nov. 30, 2007. Jackson visited a church and a school in Newark on Friday, in part, to promote marches being organized by him and his Rainbow PUSH Coalition around the nation on Dec. 10. The marches include one planned on Wall Street in New York. (AP Photo/Mike Derer)AP - Stocks gave up sizable gains Friday to fluctuate in the final hour of trading as Wall Street seemed likely to cap a big week quietly.

Original post by Yahoo! News: Business

Tech drag trips Dow, Nasdaq extends drop (Reuters)

Friday, November 30th, 2007

Traders work on the floor of the New York Stock Exchange, November 14, 2007. (Chip East/Reuters)Reuters - The Dow pared gains and briefly turned
negative on Friday, while the Nasdaq extended losses, as Dell
Inc's disappointing outlook fueled a tech sell-off,
offsetting a rise in the stocks of financial services
companies.

Original post by Yahoo! News: Business

US rate cut hopes offer respite (FT.com)

Friday, November 30th, 2007

FT.com - Growing expectations of a US interest rate cut within the next two weeks on Friday delivered a much needed respite to stock markets - but not enough to stem one of the worst monthly performances for global stock markets in recent years.

Original post by Yahoo! News: Business

New, Expanded Three Rivers Casino Set To Open (KOIN News 6 Portland)

Friday, November 30th, 2007

FLORENCE, Ore. - Mike Rose says he’ll know by Monday morning whether or not they’ll hit their target. The vice president of operations at Three Rivers Casino says his stress level has been relatively low this week.

Original post by Yahoo! News: Business