Sports Authority is filing for Chapter 11 bankruptcy protection. The retailer said Wednesday that it plans to close or sell about 140 stores and two distribution centers, in Denver and Chicago. The Englewood, Colorado, company has 463 stores in 41 states and Puerto Rico. The store closings are expected to take up to three months. Sports Authority […]

March 2, 2016

Global shares jumped Wednesday after encouraging signs of strength in the U.S. economy sent shares higher on Wall Street, and a weaker yen boosted Japan’s benchmark. KEEPING SCORE: France’s CAC 40 added nearly 0.7 percent in early trading to 4,436.94. Germany’s DAX rose nearly 0.8 percent to 9,793.25. Britain’s FTSE 100 edged up 0.6 percent […]

March 2, 2016

By Michael Covel One local observer described the scene as a “war zone.” But this was not a war. He was simply talking about the 180 bodies that piled up inside the restroom. In total, 242 people died. It was one of the deadliest nightclub fires in history. In January 2013, around 2,000 people gathered […]

February 29, 2016

Google will back Apple in its court battle with the FBI over the security of its iPhone. Last week, a court ordered Apple to help the FBI hack into a locked iPhone used by one of the San Bernardino killers in December’s shooting spree. Apple opposes the order. Google now plans to file a “friend […]

February 26, 2016

World stocks turned lower on Wednesday, as sliding oil prices and fresh signs of global economic weakness weighed on investor sentiment. KEEPING SCORE: In Europe, France’s CAC 40 dropped 2.1 percent to 4,147.76 and Germany’s DAX shed 2.4 percent to 9,192.89. Britain’s FTSE 100 dropped 1.6 percent to 5,870.11. U.S. stocks were poised for a […]

February 24, 2016

Federal Reserve Chair Janet Yellen cautioned Thursday that global economic pressures pose risks to the U.S. economy but said it’s too soon to know whether those risks are severe enough to alter the Fed’s interest-rate policies. Yellen said the Fed will determine at its next meeting in March how much economic weakness and falling markets […]

February 11, 2016

For the first time since 2004, U.S. drivers are expected to pay an average of less than $2 a gallon for gasoline, the government said Tuesday. They can thank the huge glut of oil around the globe. The U.S. Energy Information Administration said in its monthly short-term energy outlook that regular gasoline will average $1.98 […]

February 10, 2016

Falling oil prices continued to weigh on U.S. and global stock markets as investors remained deeply concerned about the global economy following this week’s disappointing Chinese and U.S. manufacturing data. Google’s parent company, Alphabet, overtook Apple as the world’s most valuable publicly traded company. KEEPING SCORE: The Dow Jones industrial average lost 320 points, or […]

February 3, 2016

Alphabet now comes before Apple atop the list of the world’s most valuable companies. The shift occurred in Monday’s extended trading after Alphabet, Google’s new parent company, released a fourth-quarter earnings report that highlighted the robust growth of the digital ad market. Apple Inc.’s iPhone, meanwhile, is suffering its first downturn since it debuted eight […]

February 2, 2016