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Chicago Board of Trade › (CBOT:OZB.H12.12300P)


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Today's Financial News

Icahn says Taj Mahal purchase is 'a bad investment for me;' urges union acquiescence

11 hours ago

ATLANTIC CITY, N.J. (AP) — Billionaire Carl Icahn says buying Atlantic City's Trump Taj Mahal casino would be "a bad investment for me." But in a letter Tuesday to Bob McDevitt, the president of its main union, Icahn says he's willing to do it anyway to save the casino's 3,000 jobs. Icahn reiterated his call for Local 54 of the Unite-HERE union to drop its appeal of a court order dissolving the union contract and canceling health care and pension benefits for workers. Trump Entertainment Resorts, which Icahn would acquire, has offered to restore workers' health insurance for two years and contribute to a new pension plan — an offer the union has yet to accept.

Puerto Rico to freeze public transportation, road projects amid legislative impasse on oil tax

11 hours ago

SAN JUAN, Puerto Rico (AP) — Puerto Rico's government is preparing to paralyze public transportation across the U.S. territory following a legislative impasse over a proposed oil tax increase meant to strengthen a debt-ridden transportation agency amid growing bankruptcy concerns. "We are being forced to make several decisions that unfortunately will have an impact on thousands of public workers," he said, adding that his agency previously took steps to reduce expenses. "Even then, it's not enough ... (We're) up against the wall."

TiVo misses 3Q net income expectations, tops revenue forecasts

11 hours ago

SAN JOSE, Calif. (AP) _ TiVo Inc. (TIVO) on Tuesday reported earnings of $6.3 million in its fiscal third quarter. The San Jose, California-based company said it had profit of 6 cents per share. The results fell short of Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.

FairPoint strikers in Vermont getting jobless benefits, but not in Maine and New Hampshire

11 hours ago

AUGUSTA, Maine (AP) — FairPoint worker Jeff Dorn has already told his kids Christmas is going to be more about family than presents this year. "They realize that the breadwinner isn't earning anything right now and they are helping the best they can," said Dorn, a 51-year-old who has worked for FairPoint in Maine for more than 12 years.

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