Race backer extends pledge
The Akron Marathon Charitable Corp. announced this week that National Interstate Insurance Co., presenting sponsor for the first race in the Akron Children’s Hospital Akron Marathon Race Series, has pledged its continued support for the next three years.
The National Interstate 8K & 1 Mile course runs through downtown Akron and the University of Akron campus before finishing on the 50-yard line of Summa Field inside InfoCision Stadium.
The 2018 edition of the race will be held at 8:30 a.m. Saturday.
J.C. Penney to hire 300 in Ohio
J.C. Penney announced in a news release Wednesday that it plans to hire about 300 seasonal employees in Ohio to assist with the upcoming back-to-school retail season.
The company also announced it is seeking experienced stylists to be part of the company’s salon program.
Prospective applicants are encouraged to visit in-store hiring kiosks or go to jcpcareers.com.
Apple, Samsung settle fight
Apple and Samsung have finally settled a seven-year battle over smartphones that went to the U.S. Supreme Court.
The bitter rivals notified U.S. District Court Judge Lucy Koh of the truce in a notice filed Wednesday. Terms of the settlement weren’t disclosed.
The resolution comes a month after a jury concluded Samsung owed Apple $539 million for copying some of the iPhone’s innovations in some of Samsung’s competing products. The verdict was reached after the U.S. Supreme Court issued a 2016 ruling that determined a portion of earlier damages awarded to Apple needed to be re-examined.
Apple had been seeking more than $1 billion in the latest trial while Samsung argued it should only pay $28 million.
Verdict in headphones suit
A jury on Wednesday found that Dr. Dre, music mogul Jimmy Iovine and their headphone company Beats Electronics owe a former partner $25.2 million in royalties.
The Los Angeles Superior Court jury found Wednesday by a narrow 9-3 margin that Beats breached a contract with Steven Lamar and his company Jibe Audio.
Dr. Dre and Iovine, the music producer and co-founder of Interscope Records, were not in court for the verdict. Both testified during the three-week trial and sat in the audience for opening statements.
The suit said Lamar in 2006 came to Dr. Dre, whose real name is Andre Young, with the idea for celebrity-endorsed headphones. Attorneys for Lamar contended he was owed over $130 million for a dozen different models of headphones.
The defendants acknowledged that Lamar was involved in initial plans, but argued he was only owed for one product, the original Studio model, and was already paid.
Probe of vehicle fires widens
Federal safety investigators have expanded probes into Hyundai and Kia engine failures to include complaints about fires in the automakers’ vehicles.
The National Highway Traffic Safety Administration says in a letter to Sen. Bill Nelson of Florida that it has 402 fire complaints with and without collisions.
Nelson and the nonprofit Center for Auto Safety had asked if the agency was investigating the fires.
Deputy Administrator Heidi King told Nelson in a letter released Wednesday that the agency has included non-collision fires in the engine failure probes.
She wrote that many who complained of engine failures also reported fires.
In May 2017 the government began investigating whether the automakers moved quickly enough to recall over 1.6 million vehicles because of engines stalling.
Messages were left seeking comment from the automakers. Last year, the companies said they were cooperating with the investigation.
Compiled from staff and wire reports.
Business news briefs, June 28: National Interstate signs on to sponsor race for three more years