Business news in brief

Resorts Hotel Casino disclosed details of a $60 million renovation Wednesday. The investment includes $35 million on its planned Margaritaville-themed entertainment complex, which is scheduled to open Memorial Day weekend. The rest will go toward rehabbing hotel rooms, installing new carpet, gutting 259 hotel bathrooms, adding a food court, and redoing the parking garage and the entrance onto the main floor from the parking garage. In August, Resorts entered into a management agreement and ownership partnership with Mohegan Tribal Gaming Authority, the tribe that owns Mohegan Sun Casino in Connecticut. - Suzette Parmley

Lenders have moved to foreclose on Cheltenham Mall, 2385 W. Cheltenham Ave., Cheltenham Township, citing default by its New York owner in documents filed in federal court in Philadelphia. Wells Fargo Bank N.A., acting as trustee for the current owners of a commercial mortgage issued by Bank of America N.A. in 2004, alleges that Thor Equities L.L.C. has failed to make monthly payments since Aug. 1. Thor bought the 634,052-square-foot mall, which is now anchored by Target, Burlington Coat Factory and Home Depot, from Simon Property Group Inc. in 2005. Wells Fargo is seeking $59.95 million. - Mike Armstrong

Pennsylvania American Water announced Wednesday that it purchased two small "tuck-in" water systems in northeastern Pennsylvania in the final days of 2012 for $1.2 million. The company, a subsidiary of American Water Works Co. Inc. of Voorhees, acquired the water system serving the Fernwood Resort in Monroe County, which consists of about 570 time-share units and six commercial customers, including a hotel complex, a convenience store, and restaurants built around Fernwood's golf course. The company also purchased All Seasons Water Co. in Delaware Township, Pike County, which provides water service to about 100 residents. - Andrew Maykuth

Stocks of Las Vegas Sands Corp. and Wynn Resorts Ltd. rose Wednesday after gambling revenue in Macau increased almost 20 percent to a record in December from a year earlier. Las Vegas Sands, which owns Bethlehem's Sands Casino Resort, gained 5.6 percent to close at $48.75, its biggest jump since Nov. 30. Wynn Resorts, among those now vying for Philadelphia's second casino license, added 5 percent, to $118.07, the biggest increase since Oct. 25. Casino revenue in the Chinese city jumped to $3.5 billion in December, trumping a record set in October, according to data from the Gaming Inspection and Coordination Bureau. - Bloomberg News

Amazon.com won dismissal of a claim by Apple Inc. that the online retailer's use of the term "app store" for Android device software constitutes false advertising. U.S. District Judge Phyllis Hamilton in Oakland, Calif., granted Amazon's request to toss the claim, saying she found "no support for the proposition that Amazon has expressly or impliedly communicated that its Appstore for Android possesses the characteristics and qualities that the public has come to expect from the Apple APP Store and/or Apple products." Apple sued Amazon last year for trademark infringement, false advertising and unfair competition. The judge's ruling applies only to the false-advertising claims. - Bloomberg News

Warren Buffett's MidAmerican Energy Holdings Co. has agreed to spend up to $2.5 billion to build two solar projects in California set to be the world's largest photovoltaic development. MidAmerican acquired the 579-megawatt Antelope Valley projects SunPower Corp., a statement said. - Bloomberg News

House hunters looking for bargain properties in the new year will probably be disappointed. CoreLogic, which estimates the supply of homes seriously delinquent, in foreclosure, or held by lenders and not currently on the market, reported that pending home supply declined again in October. This so-called shadow inventory fell 12.3 percent from the year prior to stand at 2.6 million units, or a supply of about seven months. The housing recovery has been spurred by tight inventory and strong demand motivated by record-low mortgage rates. - Los Angeles Times

A healthier economy and 43 expected new-model introductions should push U.S. auto sales above the 15 million mark this year, Polk, an industry research firm, said. Analysts expect sales reached 14.5 million last year, the strongest performance since 2007; 2012 totals come out Thursday. - AP

U.S. banks' benefits from being "too big to fail" will be examined by congressional watchdogs in response to a request from senators who say the government hasn't done enough to prevent future bailouts. The Government Accountability Office said it plans to study such banks as JPMorgan Chase & Co. and Citigroup Inc. with $500 billion-plus in assets. - Bloomberg News

Goldman Sachs Group Inc. accelerated delivery of $65 million in stock awards to 10 top executives, helping them avoid higher tax rates that take effect this year, according to 10 separate filings made public about 8 p.m. Dec. 31. - Bloomberg News