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Today's Financial News

Turner Scott Motorsports shuts down Ron Hornaday Jr.'s team, lays off 18 employees

9 hours ago

CHARLOTTE, N.C. (AP) — Turner Scott Motorsports has shut down the Truck Series team driven by Ron Hornaday Jr., a move that forced the layoff of 18 employees. Hornaday was fourth in the Truck Series standings when Scott announced last week that entry would not race Sunday at Canadian Tire Motorsports Park. Ben Kennedy and Cameron Hayley did compete for Turner Scott on Sunday. Hayley finished 10th, Kennedy was 15th.

US judges question the boundaries in the bulk collection of Americans' telephone records

9 hours ago

NEW YORK (AP) — A lawyer defending the government's bulk collection of millions of Americans' telephone records found himself facing tough questions Tuesday from appeals judges wanting to know whether the program will inevitably lead to, as one judge put it, the government's study of "every American's everything."

Transportation Department rejects exemption for low-cost air carrier to fly between US, Europe

9 hours ago

WASHINGTON (AP) — The Obama administration has rejected a request by a low-cost air carrier to begin flying immediately between the U.S. and Europe in a case that has significant labor and trade policy implications. European carriers are usually granted such exemptions under a U.S.-European Union aviation agreement.

$2.4 billion Revel casino shuts its doors, just over 2 years after hopeful opening

9 hours ago

ATLANTIC CITY, N.J. (AP) — Atlantic City's newest casino — and its biggest, costliest flop — went out with barely a whimper. The property that debuted at sunrise on April 2, 2012, with its then-president joining New Jersey Lt. Gov. Kim Guadagno in a blueberry smoothie toast, quietly ended operations in the early morning darkness as the last handful of gamblers, who never turned out in great enough numbers to keep Revel alive, filed out of the sleek glass tower.

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