CHICAGO -- Fifth Third Bancorp will buy Chicago-based MB Financial Bank for $4.7 billion, the banks announced Monday.
The merger will create the fourth-largest Chicago bank in total deposits with a 6.5 percent market share, and give the combined company 20 percent of the city's "middle market" banking relationships. MB branches will take the ...Read more
If there is one sure bet Californians can make now that the Supreme Court has cleared the way for legalized sports gambling, it's this: Months, if not years, of haggling lie ahead before residents can wager a dime on any game.
And that haggling could be a spectacle in itself as tribal casinos, card clubs and racetracks get into a likely ...Read more
In 2015, the United Nations adopted the 2030 Agenda for Sustainable Development and established a set of 17 Sustainable Development Goals. Let's put these new goals into a good news/bad news context.
Between 2000 and 2015, the world made enormous progress on some of its most pressing problems. For example:
--The global mortality rate for ...Read more
Let's stop blaming colleges for ruining retirement.
To be sure, student loan debt topped $1.5 trillion in the first quarter, according to the Federal Reserve. That's a huge number.
It's also true that more 60-plus people are carrying education debt, either for themselves, children or grandchildren, though that's a little misleading because due...Read more
Wall Street's rocky ride in 2018 -- a level of chaos we've not seen in quite some time -- has everyday investors fearing for their 401(k)s.
But many times, panic can drive you into pretty risky deals. The same applies to rushing into something you don't understand because your neighbor has a convincing story on a hot new way to make money.
Ride-sharing giants Uber and Lyft patted themselves on the back this week for adopting a totally #MeToo policy that victims of sexual assault and harassment won't be held to the companies' forced-arbitration requirement and will be able to seek their day in court.
"We have learned it's important to give sexual assault and harassment survivors ...Read more
LOS ANGELES -- Two Josh Brolin-led Marvel movies dominated the domestic box office this weekend, led by 20th Century Fox's "Deadpool 2."
"It's Deadpool's world and we're just living in it," said Chris Aronson, the studio's president of distribution.
The film opened in first place with $125 million, the second biggest debut for an R-rated film ...Read more
WASHINGTON –– The Trump administration has decided not to impose tariffs on Chinese products for now, after progress between the two nations on trade issues in two days of talks, Treasury Secretary Steven Mnuchin said.
"We're putting the trade war on hold, right now," Mnuchin said on "Fox News Sunday."
President Donald Trump has threatened...Read more
Life After Death, Powerful Evidence You Will Never Die: Second EditionStephen Hawley Martin
A number of scientists that study human perception now realize our minds are non-local. As is the case with the Universal Mind to which our personal minds are connected, our minds are not confined to our heads or brains. Rather, the brain...
Federal lawmakers have proposed legislation to require airlines and other transportation operations to adopt policies to crack down on harassment and abuse.
The bill by Rep. Peter DeFazio, D-Ore., calls on airlines, bus companies, railroads and commuter lines to adopt anti-harassment policies within 90 days of the bill's passage. DeFazio's ...Read more
When Constellation Brands bought Ballast Point for $1 billion in 2015, it was buying one of the fastest-growing craft breweries in the country.
Ballast Point has plummeted back to earth after its meteoric rise, though, a sales decline that reflects early missteps after the merger and the slowing growth of craft beer in general, according to ...Read more
WASHINGTON -- The Trump administration is working to slash the number of visas granted to Canadian and Mexican professionals as part of ongoing NAFTA negotiations among the three countries.
U.S. Trade Representative Robert Lighthizer is leading the push as part of President Donald Trump's "Buy American, Hire American" initiative promised during...Read more
CBS unveils its new fall prime-time schedule each spring by hewing to tradition: The presentation always occurs in mid-May, it always takes place at Carnegie Hall and CBS Chief Executive Leslie Moonves always relishes his role as the network's proud papa.
But there was something different this week as Moonves strode onto the historic stage. ...Read more
WASHINGTON -- Chinese telecom company ZTE Corp. will have to change its management, including by possibly appointing new board members, to win a reprieve from U.S. sanctions that shut it off from key suppliers, the director of the White House National Economic Council said.
"We're not talking about letting them off scot-free by any stretch," ...Read more
PayPal is paying up to get a bigger piece of the market for payments made at retail terminals outside the United States.
PayPal said Thursday it will pay $2.2 billion in cash to acquire Stockholm-based iZettle, in what is the biggest-ever acquisition in PayPal's history. IZettle, which PayPal calls "the leading small business commerce platform ...Read more
Q: Last week I took my pickup in for a tune-up because it was running rough and needed to be checked out. I told the service fellow they might want to check the timing. He replied with a smirk that they "don't do that stuff anymore" and they'd "put the scanner on it to see what was wrong." It turned out it had two bad ignition coils, and it runs...Read more
WASHINGTON -- Every American who wants a job has one.
That's the street-level understanding of "full employment." With a jobless rate that fell to 3.9 percent last month, many economists -- including policy makers at the Federal Reserve -- say the U.S. is basically there.
On the surface, it's an odd time to turn the government into an employer...Read more
WASHINGTON -- Tens of thousands of foreign nationals living legally in the United States but facing threats to their work eligibility got a boost this week when nearly 30 percent of all U.S. House members signed on to their cause.
Led by Reps. Pramila Jayapal, D-Wash., and Mia Love, R-Utah, 130 representatives signed a letter to the Department ...Read more
WASHINGTON -- Chinese officials are hoping to mollify President Trump's oft-stated displeasure with America's huge trade imbalance with China by pledging to import billions more of made-in-U.S.A. products.
Whether Beijing's promised shopping spree and other concessions, made during talks this week in Washington, will lead to a detente in what ...Read more
Crude oil prices have hit their highest levels in nearly four years and that means motorists are paying more for gasoline just as the upcoming Memorial Day weekend moves the summer driving season into high gear, pushing the price at some stations in San Diego over the $4 a gallon mark.
Brent crude -- the international benchmark for oil prices -...Read more
DEARBORN, Mich. -- What if Facebook or Nike couldn't do business for more than a week?
"The whole world would shut down," said Joe Hinrichs, president of global operations for Ford.
So, when production of the F-Series pickup line halted -- with annual revenue of $40 billion, exceeding that of Facebook, Nike and most other modern corporate rock...Read more
- Leslie Moonves helped make CBS a TV juggernaut, but the brawl over a Viacom merger could lead to his exit
- The Most Radical Economic Plan in Years, and Now It's Mainstream
- Ford's plan to rescue F-150: Drama worthy of a James Bond script
- How Ballast Point, once one of the fastest-growing craft breweries, lost its mojo — and how it might get it back
- Susan Tompor: Think twice about betting on Wall Street's 'fear gauge'