Daily Archives: February 8, 2015

U.S. judge puts $94.5 million Atlantic City casino deal on hold

<span class=”articleLocatio

n”>Feb 8 (Reuters) – A federal judge in New Jersey on Sunday
called a temporary halt to the pending sale of bankrupt Revel
Casino in Atlantic City and scheduled a hearing on Monday on a
motion to block some of the terms of the $94.5 million deal.

U.S. District Court Judge Jerome B. Simandle ordered an
emergency hearing for 3 p.m. in the proposed sale of the
property to Florida developer Glen Straub, who could lose his
$10 million deposit if the deal does not close by Monday’s
deadline.

Straub is trying to buy the casino without any obligations
to leases held by bars, clubs and restaurants that operated in
the casino’s hotel. Some of those tenants have gone to court to
block the deal unless it protects their property rights.

An appeals court on Friday ruled in favor of one of the
tenants, prompting others to file motions on Saturday to get
similar treatment. Simandle ruled in their favor in setting the
hearing for Monday.

Revel, which cost $2.4 billion to build and opened two years
ago, closed on Sept. 2 after filing for bankruptcy three months
earlier.

Revel had been conceived as a Las Vegas-style resort that
emphasized high-end dining and eye-catching design. But the
casino failed to catch on in Atlantic City’s fading gambling
industry, which has seen other casinos shut down as competition
emerges from newer properties in nearby states.

Straub’s lawyer has threatened to back out of the deal if it
doesn’t go forward as specified. If the sale falls through, the
casino could face liquidation.

(Reporting by Kevin Murphy in Kansas City; Editing by Eric
Walsh)


Source: Newsjyoti Bankruptcy News

Kurt Cobain comes as he is in visceral documentary

(Reuters) – A raw documentary about Nirvana frontman Kurt Cobain wowed the audience at its international premiere in Berlin, giving rare insights into the life of a man who, despite or because of his success, felt alienated until his suicide.

Eight years in the making, “Cobain: Montage of Heck” is a 135-minute multimedia roller-coaster ride of unseen home movies, audio recordings, journal entries, drawings and notebook scrawlings, blended with interview excerpts and concert clips.

The Cobain family granted access to “everything, with no restrictions”, filmmaker Brett Morgen told the audience on Saturday evening, thanking Cobain’s wife Courtney Love, who attended the screening, for her trust and courage.

“Nobody asked for a single cut, nobody asked for a change, which is essentially unheard of in dealing with such an icon,” Morgen said.

Cobain’s heavily distorted brand of guitar music sparked the grunge rock movement of the 1990s, earning him an unwanted label as the voice of Generation X.

The title of the documentary, co-produced by Cobain’s daughter Frances Bean, derives from the name of a mix tape Cobain recorded in the late 1980s.

The film shows Super 8 footage of Kurt as a toddler, blowing out candles on a birthday cake and posing with a toy guitar, as a lullaby version of Nirvana’s smash hit “Smells Like Teen Spirit” plays in the background.

His parents describe their child as an angel, but also a whirlwind whose activity they tried to control with Ritalin. They speak about their divorce and how Cobain was pushed between different homes as a teenager.

Video scenes show Cobain as a sullen youth, with his own voiceover describing how discovering marijuana and punk music helped him cope with a profound feeling of isolation.

BLOWING THE MYTH

The second half of the film gives an intimate peek into Cobain’s life with Love.

There is Cobain on a bed, singing the Beatles song “And I Love Her” which was written by Paul McCartney. “And that kind of blows the myth, I mean, you would think Cobain would have done a Lennon song,” Morgen said.

Later, Rolling Stone journalist David Fricke is heard asking Cobain about theĀ outtake “I Hate Myself and Want to Die” from his latest album.

“Either you’re being really satirical, or you’re going to a real dark place here,” he says. Cobain’s only response is a chilling laugh. In April 1994, he committed suicide aged 27.

The final shot of the film, however, shows Cobain at the end of the MTV Unplugged session, simply thanking the audience.

“I don’t really care about the last days of Kurt Cobain,” Morgen explained his decision in a Reuters interview. “I was trying to make a movie that celebrated life, not death.”

(Reporting by Michael Nienaber; Editing by Michael Roddy and Catherine Evans)


Source: Newsjyoti Lifestyle

Physician Ben Carson eyes May announcement of presidential bid

Ben Carson, a retired surgeon popular with Tea Party conservatives, speaks at a luncheon during the Republican National Committtee's ''Building on Success'' meeting in San Diego, California, January 15, 2015. REUTERS/Earnie Grafton

Ben Carson, a retired surgeon popular with Tea Party conservatives, speaks at a luncheon during the Republican National Committtee’s ”Building on Success” meeting in San Diego, California, January 15, 2015.

Credit: Reuters/Earnie Grafton


(Reuters) – Retired surgeon Ben Carson on Sunday said he could form a committee to explore a bid for the 2016 Republican presidential nomination this month and make a formal announcement in May.

“That’s a reasonable time frame,” Carson told “Fox News Sunday” when asked by host Chris Wallace about the timing of an exploratory committee and formal announcement. “We’re putting all that together.”

Carson, a former Fox News contributor who is popular with Tea Party conservatives, ranked fourth among possible Republican candidates in a recent Fox News poll of potential voters in Iowa, coming in behind former Florida Governor Job Bush, former Arkansas Governor Mike Huckabee, and Kentucky Senator Rand Paul.

The poll showed growing support for Carson, a bestselling author and conservative commentator, with 10 percent of potential voters saying they would vote for Carson, up from about 8 percent last year.

(Reporting by Andrea Shalal; Editing by Stephen Powell)


Source: Newsjyoti Politics

No winner of Powerball jackpot, lifting top prize to $450 million

(Reuters) – Powerball’s jackpot climbed on Sunday to $450 million, one of the richest ever offered by the multi-state lottery, after the previous evening’s drawing failed to produce any grand prize winners.

The winning numbers in Saturday’s drawing were 5, 10, 21 34 and 58, lottery officials said, and the Powerball number was 33.

While no players qualified for the jackpot by picking all the numbers, ticketholders won about $30 million in lesser prizes, according the Powerball website.

Powerball jackpots start at $40 million and grow until at least one player comes up with the winning number at a twice-weekly draw. The next drawing will take place on Wednesday evening.

The jackpot winners receive either payments over 29 years or a smaller cash lump sum. The cash option for the jackpot rose to $304.1 million after Saturday’s drawing.

The biggest Powerball jackpot awarded by the Multi-State Lottery Association was $590.5 million and went to the holder of a single winning ticket in 2013. The association also operates the Mega Millions jackpot, which awarded a top prize of $656 million three years ago.

Game drawings for Powerball, played in 44 U.S. states, the District of Columbia and the U.S. Virgin Islands, are held on Wednesdays and Saturdays at 10:59 p.m. in Tallahassee, Florida.

Powerball sales reached nearly $5 billion last year for game tickets that are sold through more than 210,000 lottery terminals. Each ticket costs $2. The odds of winning the Powerball jackpot are one in 175 million.

(Reporting by Frank McGurty; Editing by Crispian Balmer)


Source: Newsjyoti Lifestyle