Stocks fall on eve of Fed statement
NEW YORK: Stocks fell Tuesday, trimming a second month of gains, as investors worried central banks would not come through with enough stimulus to bolster the global economy.“There’s a lot more coming...
View ArticleApple Said to Prepare IPhone Redesign for Sept. 12 Introduction
Apple Inc. is preparing to introduce the next version of the iPhone on Sept. 12 in what will be a design overhaul of its top-selling product, according to two people with knowledge of the company’s...
View ArticleWomen take opportunity to tour, play famed links
Nearly 200 women — many of whom had never been to Firestone Country Club or the Bridgestone Invitational — were part of what was called the pro golf tournament’s first “Executive Women’s Day” program...
View ArticleGoodyear profit rises; Europe conditions affect results
Goodyear Tire & Rubber Co.’s second-quarter net income nearly doubled, and its North American unit generated record operating profit. The profit growth came despite overall sales that declined...
View ArticleToyota recalling RAV4 SUVs, Lexus HS 250h sedans
DETROIT: Toyota is recalling 778,000 RAV4 SUVs and Lexus HS 250h sedans to fix a suspension problem that could cause crashes.The company says if rear suspension nuts aren’t tightened properly after a...
View ArticleBusiness news briefs - Aug. 1
LOCAL BUSINESSPolymer award from stateOhio’s Third Frontier Commission has awarded a $3 million award to Kent State University in its role overseeing a project involving polymers and liquid crystals...
View ArticleNew fear looms for Facebook investors
Think the plunge in Facebook’s stock after its sluggish earnings report was bad? Wait until a torrent of new shares hits the market in a few weeks.Facebook will free up nearly 1.7 billion shares — four...
View ArticleFed says U.S. economy has slowed, takes no new steps
WASHINGTON: The Federal Reserve said Wednesday that the U.S. economy is losing strength and repeated a pledge to take further steps to boost growth if hiring remains weak.The Fed took no new action...
View ArticleMeggitt moves jobs to Kentucky
Meggitt Aircraft Braking Systems, as part of previously revealed plans, has begun moving hourly jobs from Akron to a new nonunion plant in Danville, Ky.Fred Jones, president of the United Auto Workers...
View ArticleGM, Ford declines temper industrywide growth as Chrysler gains
General Motors and Ford posted surprising U.S. sales declines in July, slowing industrywide growth, as Japanese automakers continued their recovery and Chrysler Group LLC extended its streak of monthly...
View ArticleFamiliar downtown building coming down today
The demolition of the familiar round building with a white roof in downtown Akron will begin today.It will make way for parking as Akron developer Anthony Manna describes the area as a hub for...
View ArticleU.S. unemployment aid applications rise to 365,000
WASHINGTON: The number of people seeking U.S. unemployment benefits rose last week, though the data was likely skewed higher by seasonal factors.Weekly applications increased by 8,000 to a seasonally...
View ArticleExperts say governor’s claim that Ohio oil and gas from shale worth $1...
COLUMBUS: Geology experts tell the Associated Press that Gov. John Kasich’s claim that a single energy company could recover $1 trillion worth of oil and gas from Ohio shale is an exorbitant...
View ArticleOhio Supreme Court to hear Aultman-Mercy case
The Ohio Supreme Court has agreed to hear Aultman Health Foundation’s appeal over a multi-million dollar ruling in favor of its cross-town rival Mercy Medical Center.The high-profile Stark County case...
View ArticleDow, S&P fall as European banker doesn’t reassure markets
NEW YORK: The Standard & Poor’s 500 index dropped for a fourth consecutive day Thursday, after European Central Bank President Mario Draghi failed to reassure investors on immediate efforts to...
View ArticleBusiness news briefs — Aug. 2
LOCAL BUSINESSIncome up at Parker HannifinMotion and control technology manufacturer Parker Hannifin Corp. of Cleveland reported Thursday it earned $302.3 million, or $1.96 a share, on sales of $3.4...
View ArticleGM profit falls 41 percent on losses in Europe
DETROIT: General Motors said Thursday that its second-quarter profit dropped 41 percent as losses in Europe dampened a strong performance in its core North American market.GM, the nation’s largest...
View ArticleClearance sales, heat lure shoppers to spend in July
Hot weather and clearance sales drew Americans into stores in July, giving retailers solid sales gains and helping offset worries about jobs and the economy.Results came in better than expected for...
View ArticleTime Warner Cable profit tops estimates after Internet gains
Time Warner Cable Inc., the second-largest provider of cable television in the United States, reported a second-quarter profit Thursday that beat analysts’ estimates after gaining broadband Internet...
View ArticleU.S. economy adds 163,000 jobs, rate rises to 8.3 percent
WASHINGTON: U.S. employers added 163,000 jobs in July, a hopeful sign after three months of sluggish hiring.The Labor Department said Friday that the unemployment rate rose to 8.3 percent from 8.2...
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