Top Stories

  • $12.5M price tag for former Claridge casino sale

    Updated: Mon, Apr 7, 2014

    ATLANTIC CITY, N.J. (AP) — Bally's Atlantic City has revealed how much a buyer paid for the former Claridge casino hotel in Atlantic City. In a filing with state casino regulators made public Monday, Bally's says TJM Properties paid $12.5 million for the Claridge, which the Florida real estate firm plans to operate as a stand-alone, non-gambling hotel. Neither side would reveal the purchase price when the deal closed in February. When it operated as a casino, the Claridge was the smallest gambling hall in Atlantic City. It is now taking reservations for stays beginning Memorial Day weekend. The Claridge opened in 1929.

  • Business Highlights

    Updated: Tue, Apr 1, 2014

    ___ Congress demands answers on delay in GM recall WASHINGTON (AP) — The piece needed to fix a defective ignition switch linked to 13 deaths would have cost just 57 cents, according to documents submitted by General Motors to lawmakers investigating why the company took 10 years to recall cars with the flaw. Members of a House subcommittee demanded answers Tuesday from new GM CEO Mary Barra about why the automaker used the switch in some of its cars even though it knew the part didn't meet GM's own specifications. GM has said that company engineers proposed solutions to the switch problem years ago, but the company concluded that none represented "an acceptable business case." The automaker has recalled 2.

  • Business events scheduled for the coming month

    Updated: Fri, Mar 28, 2014

    TUESDAY, April 1 WASHINGTON — Institute for Supply Management releases its manufacturing index for March, 10 a.m.; Commerce Department releases construction spending for February, 10 a.m.; General Motors CEO Mary Barra testifies about auto recalls during a hearing before a House Energy and Commerce subcommittee. DETROIT — Automakers release vehicle sales for March. BERLIN — Germany's Federal Labor Agency releases March unemployment figures for Europe's biggest economy. BRUSSELS — Unemployment is expected to remain near a record high for the eurozone when the Eurostat agency releases its latest estimates on Tuesday. TOKYO — Japan economic outlook from BOJ. Coincides with sales tax hike.

  • Three Forks turns to private flood insurance

    Updated: Mon, Mar 24, 2014

    THREE FORKS, Mont. (AP) — More than 1,800 Montana residents and businesses now receiving discounted flood insurance will start to see their premiums rise as Congress looks to get the federal program out of a $24 billion hole. Legislation signed by President Barack Obama on Friday means those homeowners won't see premiums jump all at once as scheduled under a 2012 overhaul. The new law increases rates for owner-occupied homes by up to 18 percent annually, while businesses and second homes will see hikes of 25 percent a year. The changes will affect residents and businesses with subsidized policies in flood zones across Montana who were there before their communities joined the National Flood Insurance Program.

  • Thousands of Arizona flood policies face increases

    Updated: Mon, Mar 24, 2014

    FLAGSTAFF, Ariz. (AP) — In one of Arizona's oldest cities, Bisbee residents live with a threat of flooding that doesn't come from major lakes or rivers. When the storm clouds hover, rain can send water rushing through dry washes, gulches and streets into homes built in low-lying areas of the hilly community. Residents in the southeastern Arizona town who have mortgages are required to buy flood insurance that can be costly. Home buyers tend to avoid areas of town in flood plains for that reason, said longtime Bisbee real estate agent Rosalie Butler. For years the federal government subsidized flood insurance on homes and businesses built in the days before flood zones were created, including for dozens of policies in Bisbee

  • Washington state flood insurance premiums to rise

    Updated: Mon, Mar 24, 2014

    OLYMPIA, Wash. (AP) — When Joley Spears bought her three-bedroom Aberdeen home just a few blocks from the Chehalis River last year, she was relieved to find something in her price range that was recently remodeled and had a fenced backyard for the kids. But while she knew she was in a flood range and would need a federal insurance policy, one thing she wasn't expecting was a potentially significant increase in her flood insurance rates. "No one told me," she said. If they had, she says, "we would have bought up on a hill, where I didn't have to have flood insurance.

  • AP IMPACT: Flood insurance hikes still a peril

    Updated: Mon, Mar 24, 2014

    JERSEY SHORE, Pa. (AP) — This small, central Pennsylvania river town doesn't have beach homes or boardwalks, but it shares more than a name with the famous stretch of New Jersey coastline 250 miles to the east. Both are among the thousands of places around the U.S. where people could face trouble in the years ahead because of the rising cost of government-mandated flood insurance. Earlier this month, Congress sought to ease their fears of sky-high premiums by rolling back a 2012 reform ending the government's costly practice of offering subsidized insurance for older homes and businesses in flood zones. The president signed the bill Friday.

  • New owner taking over South Bend's tallest tower

    Updated: Fri, Mar 21, 2014

    SOUTH BEND, Ind. (AP) — Repairs to resolve a growing list of troubles with South Bend's tallest building could soon be starting now that it is emerging from more than three years in receivership. New York-based Washington Square Realty bought the 25-story Chase Tower at a sheriff's sale on Thursday for $4.5 million. The downtown building has faced problems such as balky elevators and an outdated heating and cooling system, along with stone falling from its facade and crumbling concrete that's exposing rusty steel rebar in the parking garage, the South Bend Tribune reported. The tower houses a hotel and offices, but is about half empty.

  • Land Sales

    | Published: Sat, Feb 22, 2014

    Recent major sales in Oklahoma County totaled more than $32 million, according to deeds released from County Clerk Carolynn Caudill's Office. Major sales are those of $200,000 or more. $1,000,000 or more 63 Grand LLC from Chesapeake Land Development Company LLC, 1200 NW 63, $3,950,000. Prestige Custom Homes Inc. from Horned Frog Investments LLC and AMAC Investments LLC, property near the southwest corner of NW 150 and N May Avenue, $1,685,500. Bradley and Deborah Margo from Dennis Dusty and Kathryn Boren, 6803 Avondale Drive, Nichols Hills, $1,195,000. $999,999 to $300,000 Smiles R Us LLC from Jerry T. and Cindy L. Hunter, 22700 N May Ave., Edmond, $850,000.

  • Love is where the home is

    Published: Sat, Feb 8, 2014

    Admit it: If you’re living in a house you really like, one you decided to buy after looking for awhile, you know it was love at first ... something. Lots of us really do fall for houses the way we fall for our life partners.