Business news briefs — May 8
LOCAL BUSINESSEnergy plant venture scrappedAmerican Municipal Power and FirstEnergy Corp. are scrapping plans to build jointly a gas-fired power plant in Northeast Ohio because of increased financing...
View ArticleGulfport aggressive on Ohio drilling prospects
Gulfport Energy Corp. has big plans for Ohio’s Utica shale.The Oklahoma energy company said Wednesday that it intends to add four drilling rigs in eastern Ohio by the end of June and expects to invest...
View ArticleB&W’s environmental work helps boost revenue
Babcock & Wilcox Co. at one point was known largely as a maker of coal-fired boilers used in electric power plants.The massive boilers remain in the B&W catalog, but the Charlotte, N.C.-based...
View ArticleWendy’s loses share in value-menu category
Wendy’s is trying to reinvent itself with relatively higher-quality fast food. But competitors are aggressively promoting cheap eats and stealing away price-conscious customers.The Dublin, Ohio,...
View ArticleToyota forecasts profit will rise to six-year high on weaker yen
Toyota, the world’s biggest automaker, forecast profit and sales will climb to the highest in six years as the weakening yen in foreign currency exchange gives it an edge over General Motors and...
View ArticleHouse approves bill to change overtime pay law
WASHINGTON: The Republican-led House on Wednesday approved a measure that would give private sector workers the option of trading overtime pay for extra time off weeks or months later.The bill,...
View ArticleAnti-fracking amendment rejected in Youngstown
Voters on Tuesday rejected a proposal to ban hydraulic fracturing in a Youngstown, where disposal of wastewater from the drilling method led to earthquakes and alleged groundwater contamination.The...
View ArticleInjection wells are efficient for liquid waste disposal from drilling,...
WINDHAM TWP.: The injection well for liquid wastes from drilling is, frankly, not much to look at.Three pipes — one red and two yellow — poke out of the ground about five feet at a farm off state Route...
View ArticleGoodyear’s new headquarters reflects a new company
Goodyear cuts the ribbon late this morning on its new $160 million corporate headquarters off Innovation Way in East Akron.The seven-story structure is a reflection in many ways on what is a more...
View ArticleU.S. jobless aid applications fall to 5-year low
WASHINGTON: The number of Americans who applied for unemployment benefits fell by 4,000 last week to a seasonally adjusted 323,000, a fresh five-year low. The decline signals fewer layoffs and possibly...
View ArticleU.S. stocks fall as Plosser says he favors tapering Fed stimulus
NEW YORK: Stocks retreated Thursday following five successive records for the Standard & Poor’s 500 Index, as the Federal Reserve Bank of Philadelphia President Charles Plosser said he favors...
View ArticleOhio is getting first cryogenic processing plant at Cadiz for natural gas...
A new natural-gas-processing plant in eastern Ohio’s Utica shale is soon to begin operations, MarkWest Energy Partners LP reported on Thursday. That plant at Cadiz in Harrison County is the first...
View ArticleYRC confirms Arkansas Best interest after offer rejected
YRC Worldwide Inc., the trucker with Summit County operations that stumbled after reaching No. 1 in the U.S. through mergers, said it remains interested in acquiring Arkansas Best Corp. following the...
View ArticleBusiness news briefs — May 9
MEDIABuy video at YouTubeYouTube unveiled its subscription service Thursday with such recognizable entertainment brands as Sesame Street, Jim Henson Family TV and the Ultimate Fighting Championship.The...
View ArticleCooper Tire first-quarter profit doubles
FINDLAY: Cooper Tire & Rubber Co. said Thursday its first-quarter net income more than doubled, as lower raw material prices and manufacturing costs more than offset a drop in sales.The...
View ArticleAkron native leads Walmart distribution center in Georgia
An Akron native has been promoted to lead about 800 associates at an Atlanta-area distribution center for Wal-Mart Stores Inc.It is believed Stacey Hodoh may be Walmart’s first African-American female...
View ArticleFord CEO Mulally reiterates plan to lead company through 2014
Ford Motor Co. Chief Executive Officer Alan Mulally reiterated the company’s plan that he continue leading the No. 2 U.S. automaker through at least 2014.“We’ve said at least through 2014, but I always...
View ArticleHolder of 1,400 patents represents Goodyear employees at ceremony
Paul Sandstrom counts among his many accomplishments the development of a polymer used in artificial hearts and finger joints.The longtime Goodyear Tire & Rubber Co. polymer chemist, a research and...
View ArticleU.S. home building is surging, but job growth isn’t
The resurgent U.S. housing market has sent builders calling again for Richard Vap, who owns a drywall installation company. Vap would love to help — if he could hire enough qualified people.“There is a...
View ArticleGoodyear’s new headquarters breaks with the past
Goodyear’s brand-spanking-new, state-of-the-art headquarters has “huddle rooms.”Don’t confuse those with numerous other conference and training rooms sprinkled around the 639,000-square-foot,...
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