Can LeBron James turn around a city once derided as "The Mistake by the Lake"? Hopes are high in Cleveland.» Read More
WASHINGTON— The American Gaming Association says Ohio's commercial casinos and racinos employed more than 7,000 workers who received a total of $225 million in wages benefits and tips last year. The Washington- based trade association says the four casinos and four racinos operating in Ohio in 2013 generated $351 million in tax revenue.
TOLEDO, Ohio— There's enough sand, soil and mud scooped out of Toledo's and Cleveland's harbors each year to fill the Indians' ballpark to the top of its upper deck. All the silt dredged to keep open the shipping channel in Toledo is dumped into Lake Erie while the sediment from Cleveland goes into disposal facilities that are filling up fast.
At the same time, proxy advisory firms Institutional Shareholder Services and Glass Lewis& Co. recommended Cliffs' shareholders support at least most of the nominees from Casablanca. Casablanca owns about 5.2 percent of Cliffs' stock, and it has pushed the company to cut costs and spin off some of its international assets.
Cliffs, a Cleveland- based iron ore and metallurgical coal producer, is locked in a proxy battle with Casablanca, which owns 5.2 percent of Cliffs' stock and accuses the company of destroying shareholder value. Casablanca wants to replace Cliffs' chief executive officer with its own nominee and six of the 11 board members, a majority, with its candidates.
July 17- Casablanca Capital LP said two independent proxy advisory firms have recommended shareholders of Cliffs Natural Resources Inc vote in favor of the hedge fund's bid to replace a majority of the miner's board members.
July 17- Casablanca Capital LP said two independent proxy firms have recommended that shareholders of Cliffs Natural Resources Inc vote in favor of the hedge fund's board nominees. Cliffs is locked in a proxy battle with New York- based hedge fund Casablanca, which owns 5.2 percent of Cliffs stock and accuses the company of destroying shareholder value.
LeBron James announced he will return to the Cleveland Cavaliers.
The sports world waited with bated breath on Thursday to hear where NBA superstar LeBron James would be taking his talents next.
The GOP national convention to nominate a presidential candidate in 2016 will likely be held in Cleveland, the Republican National Committee said.
July 7- United Airlines said on Monday it plans to outsource more than 630 union jobs at 12 U.S. airports in a cost-saving move. United Airlines would shift these jobs from its payroll and hire other companies to provide the employees, under the outsourcing plan. "This is a bad business decision for United Airlines," Carlson said.
July 7- United Airlines said on Monday it plans to outsource more than 630 jobs at 12 U.S. airports in a cost-saving move. United Airlines would shift these jobs from its payroll and hire other companies to provide the employees, under the outsourcing plan.
WASHINGTON, June 25- The U.S. Supreme Court on Wednesday weakened the defenses available to banks in class-action lawsuits over retirement plan investment decisions. The case involved allegations against Fifth Third Bancorp for putting its own stock in employee retirement plans prior to a drop in share price.
*Europe stocks fall; German bond yields at 2014 low. NEW YORK, June 25- Stocks on Wall Street rose on Wednesday despite disappointing U.S. economic data while German bond yields hit their lowest levels for the year as European investors moved toward safe havens.
*Monsanto rallies after results; General Mills lower. *Medical Action almost doubles, Owens& Minor to buy.
NEW YORK, June 25- Stocks on Wall Street rose on Wednesday despite disappointing U.S. economic data while German bond yields hit their lowest levels for the year as European investors moved toward safe havens.
*Monsanto rallies after results, General Mills lower. NEW YORK, June 25- U.S. stocks edged higher on Wednesday as investors continued to find value in equities over other asset classes despite the latest economic data coming in below expectations.
*Micron, Amazon rise after analysts' comments. *World Bank cuts global 2014 outlook. Investors expressed caution after the surprising primary election defeat of Eric Cantor, the No. 2 Republican in the House of Representatives, by an upstart candidate from the Tea Party movement.
WASHINGTON, June 5- For the first time in six years, the share of people who either have a job or are looking for one is on the rise in a majority of U.S. states, a sign one of the deepest scars of the economic crisis could be healing.
CHICAGO, May 31- Cancer doctors should consider the financial as well as the medical impact of treatment for patients as healthcare costs continue to grow faster than the overall economy, according to experts in Chicago at the annual meeting of the world's largest organization of oncologists.
Casablanca, which wants to replace Cliffs' chief executive and separate the company's U.S. assets from its international properties, said on Thursday that Cliffs could defuse the problem by approving its nominees "not as an endorsement, but merely for the narrow purpose of not triggering the proxy put."