ATLANTIC CITY, N.J. (AP) - Caesars Entertainment is cautioning investors that Internet gambling might hurt, rather than help, its brick-and-mortar casinos. Caesars owns four of Atlantic City's 12 casino. It wrote in a filing with securities regulators late Wednesday that online gambling could reduce patron visits to its casinos in New Jersey and Nevada, and harm the company's bottom line.
NEW YORK (AP) - Shares of Celgene traded higher yesterday after a UBS analyst upgraded the biotechnology company, forecasting strong net income growth. Analyst Matthew Roden raised his rating to "Buy" from "Neutral" and increased his price target to $200 per share from $163. Roden said the upgrade reflects his increased confidence in the company's earnings growth over the next four years.
EWING, N.J. (AP) - Church & Dwight says it will build a new manufacturing facility in Pennsylvania so it can make more gummy vitamins. The Ewing company said construction will begin in January, and the line should be operational during the first quarter of 2015. Church & Dwight's two facilities in the state of Washington will stay in operation, and the new facility will increase its manufacturing capacity by 75 percent. The company expects about $300 million in sales of gummy vitamins in 2013, up 20 percent from the previous year.
NEWARK, N.J. (AP) - The publisher of the Star-Ledger says New Jersey's largest newspaper, its online business and its sister publications need to find ways to work together more effectively. Publisher Richard Vezza says in an interview with the paper "we need to find a different direction" as the Ledger faces millions in losses again this year.
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