Consumer Goods

NEW YORK CITY NEWS

American Airlines has been recognized by Profiles in Diversity Journal for demonstrating excellence in diversity innovations. The publication recognizes corporations, organizations and institutions that have developed innovative solutions that offer measurable outcomes in the area of workforce diversity and inclusion.

Bob Johnson and Houston's George Postolos continue negotiations on a deal that could shift control of the Charlotte Bobcats, multiple sources told the Observer Monday.

Whether a deal is imminent is anyone's guess.

Johnson, who owns about 70 percent of the franchise, put the team up for sale months ago. Postolos, formerly president of the Houston Rockets, has assembled a group of investors. It's unclear whether other bidders are still pursuing a purchase.

Retail experts don’t expect this back-to-school season to be anything to write home about, as consumers continue to pare back expenses.

But a recent survey cited fewer people cutting back on back-to-school items than last year – 64 percent compared with 71 percent.