Business Headlines

There will be massive layoffs to police and firefighters in one of the most violent cities in the region after a major budget cut in the City of East St. Louis.

The U.S. economy grew in the second quarter of this year, but not by much.

The announcement was made at a Chrysler factory in Detroit that is scheduled to host President Barack Obama on Friday.

The Walt Disney Co. said Friday that it agreed to sell its Miramax Films to an investor group for about $660 million, ending a 17-year association with the studio and a six-month bidding process.