Business
Sony's Playstation 4 passes 30 million units sold worldwide
TOKYO, (UPI) -- Sony Computer Entertainment Inc. announced that their Playstation 4 gaming console has surpassed 30 million units sold worldwide.
Chevrolet Volt wins 'Green Car of the Year' at LA Auto Show
LOS ANGELES (AP) — An auto industry magazine has named the 2016 Chevrolet Volt its "Green Car of the Year."
Nationwide Crackdown against Abusive Debt Collectors Initiated
Washington, D.C. — Illinois Attorney General Lisa Madigan last week joined with the Federal Trade Commission and other law enforcement authorities around the country to announce the first coordinated federal-state enforcement initiative targeting deceptive and abusive debt collection practices.
Ex-Mcdonald's CEO Joins Board of Vegan Firm
Former McDonald's CEO Don Thompson is flipping a new type of burger—one made without meat.
SEC Adopts Rules to Permit Crowdfunding
The Securities and Exchange Commission last month adopted final rules to permit companies to offer and sell securities through crowdfunding. The Commission also voted to propose amendments to existing Securities Act rules to facilitate intrastate and regional securities offerings. The new rules and proposed amendments are designed to assist smaller companies with capital formation and provide investors with additional protections.
Tribune Parent Offers to Finance Media Firm in Chapter 11
The owner of the Chicago Tribune and the Los Angeles Times offered last week to loan $3 million to the bankrupt owner of a rival Southern California newspaper, a move that could set the stage for a bidding war. Chicago-based Tribune Publishing told a federal bankruptcy judge it's willing to loan Freedom Communications the money for day-to-day operations, with the money counting in any bid Tribune might make for Freedom's assets.
Showing Less Skin: Playboy to Stop Running Nude Photos
LOS ANGELES (AP) — For generations, teenage boys got their first look at a naked woman from Playboy, often from a copy swiped from Dad's sock drawer or filched from a newsstand.
Seaway Bank Parts Ways with CEO
The Board of Directors of Seaway Bank and Trust Company announced the departure of President and CEO Darrell B. Jackson this week.
DuSable Museum of African American History Names Perri L. Irmer President and CEO
The DuSable Museum of African American History has a new President and CEO. The board of trustees has selected Perri L. Irmer, an attorney, architect, public policy advocate and facilities management professional with a broad range of experience in executive management, construction and fundraising.
New ABA President to Work on Diversity and Inclusion in Justice System, Legal Profession
Paulette Brown, a labor and employment law partner and co-chair of the firmwide Diversity and Inclusion Committee at Locke Lord LLP in Morristown, N.J., took office last week as president of the American Bar Association at the conclusion of the ABA Annual Meeting in Chicago. She is the first woman of color to become president of the 136-year-old organization and will serve as president until the close of the ABA Annual Meeting in August 2016.
Minimum Wage Hikes Gain Momentum Around the Country
The push for a higher minimum wage gained momentum on both sides of the country last month, with New York embracing an eventual $15 an hour for the state’s 200,000 fast-food workers and the huge University of California system announcing the same raise for its employees.
LeBron James’ Company Scores Warner Bros. TV, Movie Deal
LeBron James is setting his sights beyond the basketball court. The NBA star and his company, SpringHill Entertainment, have signed a content creation deal with Warner Bros. that includes potential projects in film, television and other digital properties.
Solid Hiring Expected for June as U.S. Job Market Nears Normal
U.S. employers likely hired at another strong pace in June, a sign that the job market is nearing full health and giving the Federal Reserve reason to raise interest rates as early as September.
Sears, Wal-Mart, Amazon Drop the Confederate Flag
Major retailers are halting sales of the Confederate flag and related merchandise after the shooting deaths of nine black church members in South Carolina refueled the debate over the flag's meaning.
