By Ray Paulick Shares in Magna Entertainment (MECA), the debt-ridden racetrack operating company controlled by Frank Stronach, plunged by 56% in Tuesday’s trading on the NASDAQ exchange. Closing at $1.75 per share (down from $4.00) under extremely heavy trading (more than 30 times higher than the...

With the announcement of the Eclipse Award winners late Monday night, the extension of the New York Racing Association franchise due to expire on Wednesday, the remote possibility of a settlement of negotiations between the hostile partisan factions of philistines in Albany, the more likely additional...