Can LeBron James turn around a city once derided as "The Mistake by the Lake"? Hopes are high in Cleveland.» Read More
NEW YORK— Think you're in control? The New York- based Internet company's revelation follows news earlier this month that Facebook let researchers change news feeds to see how it would affect users' moods.
CLEVELAND, July 29- Casablanca Capital triumphed on Tuesday in its proxy battle with miner Cliffs Natural Resources Inc, preliminary estimates show, putting the hedge fund in a position to replace Cliffs' chief executive and sell off underperforming assets.
Cedar Point spokesman Bryan Edwards said a cable on one of the Skyhawk ride's carriages disconnected late Saturday. Kevin Gregg of Barnegat, New Jersey, operator of an online amusement park fan site called Themeparkmaniacs.com, told The Plain Dealer of Cleveland the ride slowed down to a stop with riders screaming.
WASHINGTON— The risk of losing your job is getting smaller and smaller. As the U.S. economy has improved and employers have regained confidence, companies have been steadily shedding fewer workers.
*$1 billion repurchase to be completed within three years. *Adjusted profit of $2.34 a share compares with $2.19 estimate. July 24- United Continental Holdings Inc reported a stronger-than-expected second-quarter profit aided by higher prices and said it plans to buy back $1 billion of stock, sending its shares up nearly 4 percent.
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.