Business

Fantasy Football Gambling Industry Facing Increased Legal Scrutiny

It is all fun and games for daily fantasy sports companies in Florida -- for now. Rapid growth has taken the industry from nonexistence a few years ago to mainstream discussion entering this football season. But rapid growth could also draw more attention from authorities.


Detroit Raced Toward this Week's Bankruptcy Trial

It took decades of mismanagement, malfeasance and meltdowns in its bread-and-butter manufacturing sector for Detroit to hit fiscal rock bottom. The path to exit bankruptcy could take less than a year and a half. After some delays, the confirmation trial for the largest municipal bankruptcy in U.S. history is scheduled to start Tuesday.


GE Capital and Petters-Related Fund in Legal Battle

A billion-dollar legal battle is brewing in Florida over who knew what and when about the decade-long Ponzi scheme operated by former Wayzata businessman Tom Petters.


New Hershey's Logo Revealed

The Hershey Company unveiled a new corporate branding and redesigned logo Friday, describing the new look as "fresh" and "modern," while others say it looks suspiciously like . . . something less appetizing.


Mexico's Pemex Forecasts 6.7% Drop in 2014 Crude Production

Mexican state-owned oil company Petroleos Mexicanos said Friday it expects its crude output to fall by 6.7 percent in 2014 compared to last year, attributing the result to measurement improvements.


American Airlines Back on Obitz

American Airlines fares have returned to Orbitz after a three-day public tiff.


Dairy Queen Hit by 'Backoff' Cyber Attack

Dairy Queen has been in contact with the Secret Service about "suspicious activity" related to the Backoff strain of malware that attacks point-of-service machines.


Fiat Chrysler Stock Coming to Market Soon

U.S. investors should soon be able to buy stock in Chrysler for the first time in seven years.


Hershey Unwraps New Logo

The Hershey Co. is rolling out a new corporate logo that features a stylized version of one of its most famous chocolate products.


Dollar General Still Wants Family Dollar

Dollar General said Thursday it's still interested in buying Family Dollar, but the retailer didn't offer any specifics on what it plans to do following rejection of its bid.


Abercrombie Logo Loses Appeal, Shares Tumble

The Abercrombie & Fitch logo has lost the power it once wielded as more teens shop elsewhere.


Guess Guesses Wrong on Earnings Forcast

Shares of Guess Inc. dropped on Wednesday after the jeans wear company reported a 45 percent decline in second-quarter earnings and released a disappointing profit outlook.


FBI Probes JPMorgan Hack

The FBI is investigating a cyber attack on JPMorgan Chase and at least one other bank, according to reports.


Health-care Deal Aids Port Contract Talks

Negotiators hoping to keep hundreds of billions of dollars in cargo moving smoothly through West Coast seaports made significant progress with a tentative deal on health care benefits.


Crumbs Bake Shop Gets OK for Sale

A federal bankruptcy court has approved the sale of cupcake chain Crumbs to a group that includes investor and reality TV star Marcus Lemonis.


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