Posts Tagged ‘New York’

U.S. Gaming Revenues To Recover in Late 2011, 2014 Revenues to Reach $68B

Ayinde O. Chase – AHN News Editor New York, NY, United States (AHN) – The gaming industry which has been hard hit in recent years is slated is slated to rebound due to improved economic conditions triggering a recovery in U.S. gaming revenues in late 2011. However 2007 pre-economic meltdown gaming revenue levels will not […]

Madoff Trustee Files $6.4 Billion Lawsuit Against JPMorgan

A lawyer appointed as a trustee by a New York bankruptcy court filed a $6.4 billion lawsuit Thursday against JPMorgan Chase. Irving Picard said he filed the case because JPMorgan is the primary banker of Bernard Madoff and must carry some responsibility for the losses of the imprisoned con man’s victims. View full post on […]

Drop In Jobless Claims Push Stocks Up

Windsor Genova – AHN News News Writer New York, NY, United States (AHN) – The report of a huge drop in unemployment claims stirred a Wall Street rally on Wednesday despite lower sales of new homes and durable goods. The Dow Jones Industrial Average climbed 151 points or 1.4 percent to close at 11,187. American […]

Korean Hostility, U.S. Economic Downgrade Send Stocks Falling

Windsor Genova – AHN News News Writer New York, NY, United States (AHN) – The exchange of artillery fire between North and South Korea and the Fed’s bleak economic outlook next year sent shivers down the spine of investors and U.S. stocks sliding on Tuesday. The Dow Jones Industrial Average lost 153 points or 1.5 […]

Delta’s $1.2B Terminal Expansion at New York’s JFK Begins

Ayinde O. Chase – AHN News Editor New York, NY, United States (AHN) – Delta Air Lines, JFKIAT LLC, and the Port Authority of New York and New Jersey broke ground Friday on a $1.2 billion project slated to enhance and expand Terminal 4 at at John F. Kennedy International Airport. According to those close […]

HSBC To Double Basic Banker Pay In Advance Of EU Bonus Restrictions

Hong Kong and Shanghai Banking Corp. plans to double the basic pay of senior investment banks to get around tightening European Union rules on bonus payouts. Those who will benefit from the scheme are HSBC bankers in London, New York and Hong Kong. View full post on Banking Stories

Caterpillar Acquisition, Better October Retail Sales Boost Stocks

Windsor Genova – AHN News News Writer New York, NY, United States (AHN) – The acquisition by construction equipment giant Caterpillar of mining-equipment maker Bucyrus International Inc. for $7.6 billion and a 1.2 percent increase in retail sales in October sent U.S. stocks climbing on Monday. The Dow Jones Industrial Average went up 85 points […]

Report: Mexican Drug Cartels Spreading to Other Countries

Tom Ramstack – AHN News Correspondent Washington, D.C., United States (AHN) – New government reports indicate Mexican drug cartels are making a bigger push to organize their black market activities in the United States, Europe and neighboring Latin American countries. In one example, some reports indicate the cartels are associating with white supremacists in the […]

Commodities Prices Fall On Chinese Interest Rates Fears

Linda Young – AHN News Writer New York, NY, United States (AHN) – Commodities prices for precious metals, oil and agricultural raw materials took the hardest fall in 18 months on news that China might take steps to avert inflation. Prices of commodities futures fell by up to 3.8 percent on news that China’s central […]

Cisco Fall Pulls Wall Street Down

Windsor Genova – AHN News News Writer New York, NY, United States (AHN) – U.S. stocks plunged on Thursday as shares of networking giant Cisco Systems tumbled following its announcement the previous day of lower than expected growth for the year. A 16 percent drop in Cisco shares saw the Dow Jones Industrial Average losing […]