Former CEO's lawsuit against Sands China stays in Nevada LAS VEGAS- A Nevada judge has decided a wrongful termination case against Macau- based Sands China Ltd. and Sands Chairman Sheldon Adelson can stay in Nevada largely because of the influence Adelson wielded over the company, often from several thousand miles away. Clark County District Court Judge Elizabeth Gonzalez issued her ruling Friday afternoon after...
Source: The Associated Press
EXCLUSIVE-Feds probe L.A.-area casino over cash transactions ST LOUIS, May 22- A federal grand jury is probing a Los Angeles- area casino following allegations by state authorities the business allowed some players to evade transaction reporting requirements and possibly launder money, a source said. The grand jury is probing the operations of the Gardena- based Normandie Casino, the source said. Lauren Miller, general...
| By: Brett Wolf
US STOCKS-Wall St set to open lower ahead of housing data *Altera, Ann rises on possible deals. The market will get another clue on the state of the economy at 10 a.m. ET when the National Association of Homebuilders releases its monthly homebuilder confidence index. If the index does not rise, as expected, stocks could rally, said Adam Sarhan, chief executive of Sarhan Capital in New York.
| By: Sweta Singh
US STOCKS-Futures edge lower ahead of housing data *The National Association of Homebuilders is likely to report that its homebuilders confidence index ticked up to 57 in May from 56 in April. *Endo International's shares rose 3.3 percent to $88.20 in premarket trading after the generic drugmaker said it would buy privately-held Par Pharmaceutical from TPG Capital in a $8.05 billion deal.
| By: Sweta Singh