SECAUCUS, N.J. (AP) - The Children's Place Retail Stores has reported a loss of $10.7 million in its fiscal second quarter. On a per-share basis, the Secaucus-based company said it had a loss of 49 cents. Losses, adjusted for one-time gains and costs, were 37 cents per share. The results surpassed Wall Street expectations.
ATLANTIC CITY, N.J. (AP) - A long-planned initiative linking slot machines at casinos in New Jersey and Nevada designed to create bigger jackpots is up and running. The New Jersey Gaming Enforcement Division says the progressive slots system links 100 machines in Atlantic City with 600 in Nevada.
NEW YORK (AP) - United Airlines is upgrading first-class food options and replacing snacks with full meals on some of its shortest flights. The carrier has been looking for ways to woo back some of its frequent business travelers who defected to other carriers following a rocky merger with Continental Airlines. The meal changes come as American Airlines goes the other way, eliminating hot meals on most flights under 1,000 miles starting September 1st.
NEWARK, N.J. (AP) - New Jersey's U.S. attorney was in Washington as the Justice Department announced a $16.65 billion settlement with Bank of America over its role in the sale of mortgage-backed securities in the run-up to the financial crisis. The deal calls for the second-largest bank in the U.S. to pay a $5 billion cash penalty and provide billions of dollars of relief to struggling homeowners. Bank of America says its cash payouts will total $9.65 billion.
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