Casino renewal boosts Resorts baron of Bar on capital
Ron Baron and about 25 clients hold 200,000 Resorts shares after the New Jersey Casino Control Commission renewed Resorts Internationals Atlantic City license. The stock rose to 44 percent intraday as optimism grows about Resorts and Atlantic City despite recent downgrades and a bribery probe. Baron runs Baron Capital overseeing nearly 100 million in assets and bets heavily on four casino stocks including Elsinore, Showboat, Ballys Park Place, and Resorts.
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Midwest deserves praise says Ameritech chief Weiss
Ameritech Chairman William L. Weiss told the Indianapolis Economic Club that the industrial Midwest is unfairly labeled the Rust Bowl. He cited large retail sales, a population larger than Canada and Australia combined, and half the nation’s iron, steel and aluminum as overlooked strengths. Ameritech operates Bell Telephone interests in Indiana, Illinois, Ohio, Michigan and Wisconsin.
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