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    Business

    LeBron brings economic bounce to Cleveland, NBA

    Associate Press/July 11, 2010 A 10-story banner of former Cleveland Cavaliers NBA basketball star LeBron James is taken down by workers in downtown Cleveland, Ohio. A new gigantic banner celebrating LeBron James’ return to Cleveland will be unveiled Oct. 30 before the Cavaliers open the NBA season.

    Oct 24, 2014 5:47 PM

    Two months shy of his 30th birthday, James already has a lifetime’s worth of accomplishments: Two-time NBA champion, four-time MVP, double Olympic gold medalist, A-list celebrity, philanthropist, businessman, husband and father.“And,” Milwaukee coach Jason Kidd said with a sigh, “he’s still young.”

    Business

    Stock market has best week in nearly two years

    The facade of the New York Stock Exchange.

    Oct 24, 2014 4:40 PM

    Quarterly results from Microsoft and UPS helped lift stocks Friday, but there have been other strong reports this week. Caterpillar, 3M, Apple and others have all came in well above expectations.

    Business

    NBCUniversal settles with unpaid interns

    The NBC Universal logo hangs on a building in Los Angeles.

    Oct 24, 2014 3:55 PM

    The average amount that class-action members of the suit will receive is $505 before taxes, although the main plaintiffs will receive more. The number of class members is capped at 8,975. The interns had been seeking recovery of unpaid wages, attorneys’ fees, interest and liquidated damages.

    Business

    Out-of-patience investors sell off Amazon

    Amazon CEO Jeff Bezos walks on stage for the launch of the new Amazon Fire Phone, in Seattle.

    Oct 24, 2014 4:03 PM

    For years, Amazon’s strategy has been spending the money it makes to grow and expand into new areas. It launched a smartphone, the Fire, this summer and has been offering a set-top video-streaming device, a streaming video service and several tablets and e-book readers. The company has also been investing in services for its $99-a-year loyalty program, Prime. It has added a grocery delivery services and music streaming for Prime members as well as offering original TV shows such as the critically acclaimed “Transparent” starring Jeffrey Tambor.

    News

    Illinois collects taxes from gas stations

    Officials say Illinois has received $100 million in sales taxes owed by gas station owners who didn’t pay all they owed.

    Oct 24, 2014 7:55 AM

    Officials say Illinois has received $100 million in sales taxes owed by gas station owners who didn’t pay all they owed. Attorney General Lisa Madigan’s special prosecutions bureau and the Illinois Department of Revenue’s bureau of criminal investigation are involved in an ongoing operation against service station owners who under-reported revenues to avoid taxes.

    News

    Mt. Prospect to give Kensington Center a spruce

    Mark Welsh/mwelsh@dailyherald.com A 2012 photo of the Kensington Business Center in Mount Prospect.

    Oct 24, 2014 4:25 PM

    Mount Prospect is stepping up efforts to pump new life into the Kensington Business Center. The village wants to make the center more attractive to businesses and turn it into more of an economic engine, so this week the village board hired an engineer to do design and construction work on the jogging path and on making lighting improvements.

    News

    ComEd wins approval for new transmission line

    thinkstockphotos.com Commonwealth Edison plans to begin construction next year of a 60-mile high-voltage transmission line in northern Illinois.

    Oct 24, 2014 7:54 AM

    Commonwealth Edison plans to begin construction next year of a 60-mile high-voltage transmission line in northern Illinois. The Illinois Commerce Commission announced Thursday that it has approved the Grand Prairie Gateway Project.

    Business

    Senators ask gov’t for nationwide air bag recall

    This undated photo provided by the Insurance Institute for Highway Safety shows a crash test of a 2003 Toyota Corolla, one of the models subject to a recall to repair faulty air bags.

    Oct 24, 2014 7:58 AM

    Two U.S. senators are calling on regulators to issue a nationwide recall of cars with faulty air bags made by Takata Corp., questioning why automakers have been allowed to limit recalls to only certain locations with high humidity.

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