A ban on movie studios owning theaters that dates back to Hollywood's Golden Age was scrapped by a federal judge who said changes in the industry have rendered the restriction obsolete.

U.S. District Court Judge Analisa Torres in Manhattan on Friday terminated the so-called Paramount Decrees of 1948 at the request of the Justice Department's ...Read more

CHICAGO -- The Chicago Tribune's offices could be on the move for the second time in less than three years, as the newspaper's parent company seeks an exit from Prudential Plaza amid the coronavirus pandemic.

Tribune Publishing is in talks with Prudential Plaza owner Sterling Bay for a buyout of its approximately 137,000-square-foot lease in ...Read more

ATLANTA -- Five small-business owners are facing federal charges after prosecutors said they defrauded the Paycheck Protection Program out of a collective $4.1 million in loan funding.

Darrell Thomas, 34, Andre Lee Gaines, 66, Khalil Gibran Green, 46, and Bern Benoit, 44, are all facing several charges including conspiracy to commit bank and ...Read more

WASHINGTON -- The impasse between the Trump administration and congressional Democratic leaders in negotiations over a COVID-19 relief package worries both advocates for rural low-income housing and owners of Department of Agriculture-financed rental properties.

Advocates and landlords say the now-expired federal $600 a week add-on to state ...Read more

President Trump said he would be "signing a healthcare plan within two weeks, a full and complete healthcare plan." That was on July 17, about three weeks ago.

Needless to say, there's been no such signing. Trump now says he may have something to offer by the end of August. "It's just about completed," he said this week.

Yeah, whatever. He's ...Read more

WASHINGTON -- The U.S. labor market continued to regain ground in July, though at a slower pace, indicating the economic rebound is still making headway despite a surge in coronavirus infections.

Payrolls increased by 1.76 million in July, beating estimates for a 1.48 million gain and after a 4.79 million advance in June, according to data ...Read more

The investment markets run on fear and greed, hope and worry. Emotions often drive short-term market moves. Long-term investors steadfastly believe markets ultimately reflect an economy's (or company's) prospects.

In either view, signals from different corners of the investment markets combine to create a confounding economic outlook. Yet, ...Read more

California Insurance Commissioner Ricardo Lara announced that the Department of Insurance reached a $24 million settlement with pharmaceutical giant AbbVie that will require it to change its marketing practices for its immunology drug Humira.

Once a blockbuster sales driver for the company, Humira faced stiff competition from similar drugs on ...Read more

AMC Theatres, the world's largest cinema operator, lost $561 million in its most recent quarter as revenue collapsed because of the COVID-19 panic.

The Leawood, Kan.-based exhibitor, which is owned by China's Dalian Wanda Group, has been hammered by the coronavirus crisis, which has kept is 630 U.S. theaters closed since mid-March. The company'...Read more

Hollywood streaming service Quibi is marketing a free, ad-supported version of its app in Australia and New Zealand, after struggling to gain significant traction after its April launch in the United States, analysts said.

Quibi, which stands for "quick bites" of video, targets consumers ages 18 to 44 with segments that are 10 minutes or less. ...Read more

With families scrambling to figure out child care options for kids attending school remotely this fall, day care company Bright Horizons announced it is purchasing Sittercity, an online platform that matches people with providers.

Bright Horizons said the partnership will help it fill the wide range of new child care needs families are facing ...Read more

Uber Technologies Inc. generated more revenue from delivering food than transporting people for the first time last quarter, but it failed to offset a steep and prolonged decline in ridership brought on by the coronavirus pandemic.

Sales fell 29% in the second quarter to $2.24 billion, ending a decade of unchecked growth. The loss in the ...Read more