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Today's Financial News

Moody's report: More Northeast casinos will lead to more closures in Atlantic City

14 hours ago

ATLANTIC CITY, N.J. (AP) — A Wall Street firm predicts a new wave of casino expansion in the northeast will lead to more casino closings in Atlantic City. The company says it expects additional casinos to close in Atlantic City, where four of 12 went out of business last year due in large part to ever-increasing competition.

Business Highlights

14 hours ago

___ Cyber Monday sales still on top, but losing some luster NEW YORK (AP) — Shoppers traded bricks for clicks on Monday, flocking online to snap up "Cyber Monday" deals. However, the 10-year-old shopping holiday has lost some of its luster as online sales on Thanksgiving and Black Friday have increased. But enough shoppers have been trained to look for "Cyber Monday" specific sales to ensure the holiday will still mean big bucks for retailers.

Mattress Firm says it will buy Sleepy's for $780M, boosting annual sales by about $1B

14 hours ago

NEW YORK (AP) — Mattress Firm said Monday it will buy competitor Sleepy's for $780 million and says the deal will add about $1 billion to its annual sales. It says it is the largest retailer of specialty mattresses in the U.S., while Sleepy's is the second-largest. Mattress Firm said it expects to save $40 million in the three years after the deal closes.

Jurors end another day of deliberations without verdict in ex-coal CEO Blankenship's trial

14 hours ago

CHARLESTON, W.Va. (AP) — Jurors have deliberated another day without reaching a verdict in the ex-Massey Energy CEO Don Blankenship's trial. The jury ended its sixth full day of deliberations without a decision Monday. They had not met since Tuesday because of Thanksgiving. Blankenship is charged with conspiring to break safety laws and defrauding mine regulators at West Virginia's Upper Big Branch Mine, and lying to financial regulators and investors about safety. The mine exploded in 2010, killing 29 men.

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