Jim Ryan News
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The U.S. Supreme Court left intact a ruling that lets Merck & Co. block Teva Pharmaceutical Industries Ltd. from selling a generic form of the brain-cancer drug Temodar until 2013.
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MGM Resorts International and Boyd Gaming Corp., preparing for the U.S. to legalize online poker, agreed to form a venture with the biggest listed Internet gambling company, Bwin.Party Digital Entertainment Plc.
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In Ireland’s Finance Ministry, officials are engineering a maneuver that may make the difference between default and financial survival.
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Bwin.party digital entertainment Plc , formed this year by the merger of PartyGaming Plc and Bwin Interactive Entertainment AG, said first-quarter net revenue gained 2 percent, led by sports betting and casino games.
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Bwin.party digital entertainment Plc fell for a second day after prime ministers representing 15 German states proposed a 16.67 percent tax on sports-betting stakes, a step that one analyst called a “shocking decision.”
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Bonds of mortgage insurers PMI Group Inc. and MGIC Investment Corp. rose after the companies offered stock and convertible notes.
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PartyGaming Plc , the Internet gambling company planning to acquire Bwin Interactive Entertainment AG , posted a first-half profit as casino games and sports betting sales rose.
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PartyGaming Plc plans to acquire Bwin Interactive Entertainment AG in a reverse takeover valued at about 1.13 billion pounds ($1.76 billion) to create the world’s biggest publicly traded online gambling company.
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PartyGaming Plc, the Internet gambling company planning to acquire Bwin Interactive Entertainment AG, posted a full-year profit as casino and bingo game revenue increased.
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New Jersey Governor Chris Christie ’s proposals to cut pension benefits and raise government workers’ health-insurance payments contributed to a 60 percent jump in retirements in 2010 as more than 20,000 people filed to leave.
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