54° Good Morning
54° Good Morning
Hello, we've upgraded our systems.

Please log back in to enjoy your subscription. Thank you for being part of the Newsday family.

Forgot your password? We can help go here.

Log in

Briefs: Trump closes; Biz waits on Fed; Vikings lose sponsor

The Trump Plaza Hotel and Casino on Monday,

The Trump Plaza Hotel and Casino on Monday, Sept. 15, 2014, in Atlantic City, N.J., was to be closed for business by 6 a.m. Tuesday. It joins the Atlantic Club, the Showboat and Revel, each of which has closed this year. Credit: AP / Michael Ein

Here's what's happening in the world of business on Sept. 16, 2014.

Big stories

Atlantic City lost its fourth casino on Tuesday when the Trump Plaza Hotel & Casino shut its doors for good. The casino was considered one of the least visited on the strip.

The financial world will have a long two days waiting for the Federal Reserve's comments on possible interest rate increases. The Fed has already signaled that it's not rushing to raise rates, saying the recent drop in unemployment could overstate how well the economy is actually doing.

The Radisson hotel chain is suspending its sponsorship of the Minnesota Vikings, the company said, after Viking player Adrian Peterson was charged with child abuse.

Company news

Alibaba raised its initial public offering range to $25.03 billion as the Chinese online retailer prepares to start trading publicly. The company said it expects to sell 368.1 million shares.

Hertz said it is adding three board members chosen by activist investor Carl Icahn, a move that will avoid a proxy fight with the investor.

Neiman Marcus is buying an upscale German retailer,, for an undisclosed amount.

It's the economy

U.S. producer prices were unchanged in August, the Labor Department said, suggesting inflation is being held in check.

Across the nation

Tobacco growers expect competition to heat up, after the last buyout checks tied to an expired quota system in Virginia go out to farmers in October. The price-support system guaranteed minimum prices that tobacco farmers could expect to charge.

More news