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- Sen. Tom Coburn vows to slow down budget-busting bills ahead of recess
- Obama fantasizes about more executive power, signs new order on federal contractors
- Clintons call Klein, Halper, Kessler ‘a Hat Trick of despicable actors’: report
- Boehner accuses Obama of ‘legacy of lawlessness’
- Pro-marijuana group claims responsibility for Brooklyn Bridge flag swap
- Young adults shun Obamacare mostly due to cost: survey
- Stabbing attack on transgender girl, 15, was ‘bias motivated,’ police say
- LGBT adults still lean overwhelmingly toward Democratic Party
- Lawmakers rattled by Syria genocide horrors, call on Obama to act
Question of the Day
The criminal charges were filed Thursday. SAP will be on the hook for penalties, but the proposed amount is under seal. SAP agreed to a plea deal and sentencing is set for Wednesday.
Hurricane causes biggest casino revenue drop
ATLANTIC CITY — Hurricane Irene blew away a historic chunk of the Atlantic City casinos’ revenue last month: The nearly 20 percent decline was the biggest monthly plunge in the 33-year history of the nation’s second-largest gambling market.
The storm forced the city’s 11 casinos to close for three days, causing an estimated $45 million worth of lost business during what would have been one of the busiest weekends of the year. The year-over-year numbers also were hurt by the fact that there was one fewer Sunday this August compared with August 2010.
The $278.8 million the gambling halls took in was down 19.8 percent, according to the state Division of Gaming Enforcement. The previous record was set in March 2009, which saw a 19.4 percent decline.
McDonald’s shares fall as key measure misses mark
NEW YORK — Shares of McDonald’s Corp. fell more than 5 percent early Friday afternoon after the fast-food giant reported a slowdown in some overseas markets and missed analysts’ expectations on a key revenue measure.
The company said revenue at stores open at least 13 months declined 0.3 percent in August in the region of Asia/Pacific, the Middle East and Africa. That marked the first monthly decline in that area since November 2009. The company didn’t give many specifics on how individual countries fared but said a slowdown in Japan offset strength in China and Australia.
Companywide, revenue at stores open at least 13 months rose 3.5 percent, the company’s 100th consecutive month of growth by that metric. However, that missed analysts’ expectations for a 4.9 percent rise.
The figure climbed 3.9 percent in the U.S. and 2.7 percent in Europe, McDonald’s largest market.
Fiat’s Doblo van to enter U.S., Canada
ROME — Fiat SpA, which controls Chrysler, plans to sell its Doblo van in the U.S. and Canada starting in 2013.
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