NJ gambling
Gov. Chris Christie signed a bill that legalizes online gambling in New Jersey, allowing Atlantic City casinos to take bets online. The state becomes the largest in the country to allow online betting, a move that is expected to generate revenue of $410 million in the first year.
Live Nation
Live Nation Entertainment, the world’s biggest concert promoter and ticket retailer, posted a wider annual loss on a $68.2 million charge related to the exit of former chairman Irving Azoff and the artist-management unit he ran.
DreamWorks
Movie studio DreamWorks Animation reported a quarterly loss of $82.7 million, hurt by a weak box-office performance for “Rise of the Guardians.”
Best Buy cuts
Best Buy cut 400 jobs at its headquarters as CEO Hubert Joly works to reduce costs.
Trib interest
Tribune Co. said it hired JPMorgan Chase and Evercore Partners as financial advisers after receiving unsolicited interest in its newspapers, which include the Los Angeles Times and Chicago Tribune.