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U.S. markets recover from steep losses
ATLANTIC CITY, N.J., Oct. 29 (UPI) -- A $5 billion resort complex won't be going up in Atlantic City, N.J., until the economy turns around, MGM Mirage officials said Wednesday.
"We continue to believe Atlantic City represents an important market for further development," Terry Lanni, MGM's chairman and chief executive officer, said in a statement. "We intend to resume development at such time as economic conditions and capital markets are sufficiently improved to enable us to go forward on a reasonable basis."
The (Newark) Star-Ledger reported the entertainment complex was to have been built on land adjacent to the Borgata, a high-end casino the company operates jointly with Boyd Gaming.
MGM Mirage reported a 67-percent drop in third-quarter earnings Wednesday, in large part because the revenue stream from its Las Vegas strip properties has weakened.
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HOUSTON, May 24 (UPI) --
The natural gas industry is to blame for concerns of hydraulic fracturing because of misconceptions of the dangers, an executive said from Houston.
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NEW DELHI, May 24 (UPI) --
India's state-run National Aerospace Laboratory will work with Kadet Defense Systems to develop NAL's Hansa trainer aircraft into an unmanned airial vehicle.
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First-time buyers are driving the expectations that a recovery has begun. Their numbers and market share are growing despite financing roadblocks and competition with investors for entry-level homes. ...
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It is a whole new ball of wax in Europe these days.
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