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
Caesars Palace could face up to $20 million in federal fines LAS VEGAS- Caesars Palace could face paying between $12 million and $20 million worth of fines stemming from a federal investigation into how the casino prevents or detects money laundering. Officials with Las Vegas- based Caesars Entertainment Corp. met with the federal agencies involved in the investigation on April 29 when settlement proposals were...
Source: The Associated Press