Business News

AP News - 5 minutes ago

CLEVELAND (AP) — The Cavaliers have cleared a path for LeBron James to return to Cleveland.They've made their moves. They're just waiting for him to make his.The Cavs created enough salary-cap space to offer the superstar free agent a max ...more

AP News - 44 minutes ago

SEOUL, South Korea (AP) — South Korea's central bank says economic growth will be slower than expected this year because consumer spending has waned following a deadly ferry sinking.Lee Ju-yeol, governor at the Bank of Korea, said Thursday that ...more

AP News - 1 hour ago

MANDAREE, N.D. (AP) — Around 1 million gallons of saltwater has leaked from a North Dakota pipeline, some of it into a bay that leads to a lake that provides drinking water for an American Indian reservation, company and tribe officials said Wednesday. ...more

AP News - 2 hours ago

LOS ANGELES (AP) — A raging Donald Sterling denounced his wife, her lawyers and the NBA from the witness stand Wednesday, saying he will never sell the Los Angeles Clippers and vowing a lifetime of lawsuits against the league."Make no mistake to ...more

AP News - 4 hours ago

RICHMOND, Va. (AP) — A South Korean chemical company has agreed to pay $2 million to settle a criminal complaint alleging attempted theft of a competitor's trade secrets.The complaint against Toray Chemical Korea Inc. was filed Wednesday in U.S. ...more

AP News - 5 hours ago

LONDON (AP) — More "headline-grabbing" acquisitions are likely over the coming year as businesses take advantage of a period of improving economic growth and cheap financing.That's the conclusion of a survey by business consulting firm EY, which ...more

AP News - 6 hours ago

WASHINGTON (AP) — A survey of colleges and universities finds a lack of coordination between many campuses and local law enforcement in handling sexual assaults, and that many schools have gone years without investigating such cases.About 40 per ...more

AP News - 6 hours ago

NEW YORK (AP) — American Apparel Inc. announced late Wednesday it had reached a deal with investment firm Standard General to receive an investment of up to $25 million to bolster the clothing chain's finances. It will also mean a shake-up in the board ...more

AP News - 6 hours ago

NEW YORK (AP) — Drybulk shipper Genco Shipping emerged from Chapter 11 bankruptcy reorganization.The company says it reduced its debt by $1.2 billion while eliminating $192.8 million in amortization payments and $40 million in annual interest pa ...more

AP News - 6 hours ago

___A summer without swagger for HollywoodNEW YORK (AP) — Hollywood's summer at the box office isn't just missing nearly 20 percent of last summer's revenue. It's lacking swagger.Summer is the season for mega-budget, chest-thumping, ...more