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Top News: Business

Showboat Casino closes for good

Atlantic City’s iconic Showboat Casino closed its doors for good on Sunday, making it the second casino in the area to close this year.

Roche invests $3.8 billion in biotech start-up

Bern - The Swiss pharmaceutical giant Roche is set to pay $3.8 billion for InterMune, a Brisbane, California-based biotech with one key product: a treatment for a fatal lung disease.

Op-Ed: Small businesses need Walmart to anchor their shopping centers

St. Petersburg - To be sure, Walmart is the retailer left-wing politicians love to hate. However, in St. Petersburg, Florida, America’s most successful retailer is sorely missed.

Legal marijuana enhances craft beer in Colorado Special

Concern that legal pot in Colorado would compete with the state's world class beer scene appears to be unfounded. Four Colorado breweries report on their experience in the new market place.

S&P 500 closes over 2,000 for first time as Obama rally continues

New York - U.S. stocks rose to another record level as the Standard & Poor’s 500 Index closed above the 2,000 mark for the first time, after piercing the 2,000 mark in Monday trading, as reports showed the biggest ever jump in durable-goods orders of 22.6 percent

Burger King may move to Canada over high U.S. corporate taxes

Miami - Fast food giant Burger King, headquartered in Miami, Florida, may be about to lose its corporate tan by moving to Canada to escape higher corporate taxes in the U.S. by acquiring Tim Hortons.

Op-Ed: Putin uses army to manipulate oil prices

Mariupol - Making him among perhaps the most cynical, if short-sighted, world leaders in history, Russia’s president is attacking and then withdrawing from Ukraine to drive oil prices up.

Can Groupon UK pull off its new revamp to inspire more browsing?

Earlier this week, on Tuesday, deal finder website Groupon relaunched its UK service so that it can reinvent itself as an "online marketplace," indirectly competing with eBay. But the question remains: can its new mission of attracting more users work?

Op-Ed: Hitler outpolled Putin

Moscow - Much has been reported recently about Russian President Vladimir Putin doing better in polls than President Barack Obama. But Hitler did far better.

Sears reports losing $574M; 9th straight quarterly loss

Hoffman Estates - Shares of Sears Holdings (SHLD) fell over 7 percent yesterday after reporting revenue losses and earnings that missed analyst forecasts. The stock closed the day at $33.38, which was down 2.57 points, and a trading loss for the day of 7.15 percent.

Op-Ed: News Corp forces destruction of its leaked accounts

Sydney - In a move which has surprised even regular News Corp critics, the company has forced Australian online journal Crikey to destroy copies of leaked information regarding News Corp newspaper financial reports.

Scottish nationalists accused of inflating oil reserves by 60%

Sir Ian Wood, the most prominent figure in the Scottish oil industry, has warned Alex Salmond's Scottish National Party is exaggerating North Sea oil reserves by up to 60 percent.

Weak loonie doesn't stop Canadians from shopping in U.S.

Apparently, many Canadians still prefer to shop in American stores even if it costs them a half-tank of gas to do it. The reasons relates to high Canadian taxes and more competitive U.S. retail pricing.

Standard Chartered fined $300 mn over laundering controls

New York - New York state's banking regulator Tuesday hit Standard Chartered Bank with a $300 million fine and restrictions on its dollar-clearing business for failing to detect possible money-laundering.

Op-Ed: Woes continue for suicidal SeaWorld as it eyes foreign markets

With shares of SeaWorld Entertainment, Inc. (SEAS) plunging nearly 34 percent, the decline of SeaWorld in just 19 months is not a surprise. Now the park is eyeing overseas partnerships.

Op-Ed: Russia to use Chinese credit cards

Moscow - Russia is planning to vastly increase the use of China UnionPay credit cards to compete with Visa and Master Card which provide almost all credit card services in Russia at present.

The Washington Post embeds Amazon 'Buy It Now' links in articles

Major US newspaper The Washington Post has begun embedding ‘Buy It Now’ buttons linking to e-retailer Amazon in online versions of articles appearing in its ‘Books’ section.

As Russia bans western foods other countries profit

Moscow - As Russia bans many food imports from the west in response to sanctions by the EU, the US, Australia and Canada, other countries are coming forward to take advantage of the situation for their own producers.

Glow-in-the-dark houseplants get venture backing

After raising more than $450,000 on Kickstarter, a start-up company making glow-in-the-dark houseplants attracts funding from a Silicon Valley venture capital firm. The plants will be marketed to consumers soon.
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