PHILADELPHIA — Las Vegas casino developer Stephen Wynn wants to take over the embattled Foxwoods casino project on Philadelphia's waterfront.

Wynn Resorts signed a letter of intent today for an affiliate to take over as managing partner in the project, which has been stalled for the last three years by political and neighborhood opposition.

Wynn has opened several luxury casino resorts in Las Vegas, including the Mirage, Bellagio and Treasure Island Resorts. He sold those companies and started Wynn Resorts in 2002.

Wynn Resorts currently operates two casinos in Las Vegas and another in Macau.

CHICAGO — A return of Kmart shoppers and an effort to cut costs helped Sears Holdings post its best quarterly profit in three years, the department store chain said Tuesday.Led by financier Chairman Edward Lampert, the results at the company's discount division offered glimmers of a tentative revival for the retailer.For the quarter, Sears earned $430 million, or $3.74 per share, during the fourth quarter. That's up from a profit of $190 million, or $1.55 per share, during the same period last year.Until last fall, sales in Kmarts open at least a year had fallen every quarter since 2002. But the bad economy was good news for the brand, which boosted its marketing, launched a catchy slogan ("there's smart, and there's Kmart smart") and promoted its layaway plans.

BOSTON — A lawyer for a graduate student ordered to pay four music companies a combined $675,000 for downloading and sharing songs online has asked a federal judge to reduce the penalty or order a new trial.Harvard Law School professor Charles Nessen said in court Tuesday that Joel Tenenbaum only caused the companies to lose a total of $21 when he failed to pay 99 cents charged online for each of the 30 songs in question.Tenenbaum, a Boston University student from Providence, R.I., admitted to downloading music and was penalized in July of violating copyright rules for downloading songs between 1999 and 2007.His lawyers appealed against the "severe" and "oppressive" damage award, asking that it be reduced to 99 cents for each song.