Business News

AP News - 55 minutes ago

CLEVELAND (AP) — The Cleveland Cavaliers have cleared a path for LeBron James to come back home.The Cavs created enough salary-cap space to offer the superstar free agent a maximum contract by agreeing to trade guard Jarrett Jack, swingman Serge ...more

AP News - 59 minutes 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 - 1 hour 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 - 2 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 - 2 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 - 2 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 - 2 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

AP News - 3 hours ago

Corporate earnings season got off to a good start Wednesday, helping lift the stock market after two days of declines. The market opened higher and remained modestly higher throughout the day. Stocks added to their gains after the Federal Reserve relea ...more

AP News - 4 hours ago

RENO, Nev. (AP) — The Reno-Tahoe Open has landed a new title sponsor and is changing its name to the Barracuda Championship under a four-year, multimillion-dollar deal with California-based Barracuda Networks Inc., tournament and PGA Tour officials ann ...more

AP News - 4 hours ago

More than three dozen children die of hyperthermia in cars annually in the United States, and since 1998 more than 500 children have died in hot cars. Heatstroke can happen when the temperature is as low as 57 degrees, and car interiors can reach well ...more