Some foreclosed Ohioans will get payments
DAYTON, OHIO: More than 64,000 Ohioans are getting letters saying they may be eligible for payments of at least $840 from a national mortgage foreclosure settlement.The Ohio Attorney General’s Office...
View ArticleFirstEnergy bid to recoup $230 million rejected by U.S. Supreme Court
The U.S. Supreme Court turned away an appeal by two FirstEnergy Corp. units that sought to recoup $230 million they say they spent to acquire power for serving their Pennsylvania retail power...
View ArticleStocks drop on earnings caution
SAN FRANCISCO: U.S. stocks fell sharply Tuesday to close near session lows, extending losses as investors braced for third-quarter corporate earnings reports and the International Monetary Fund cut...
View ArticleComing up
FRIDAY: Producer Price Index report to be released. MONDAY: U.S. Commerce Department to report on September retail sales.
View ArticleHealth-care changes spur test of more part-time workers
The owner of Olive Garden and Red Lobster restaurants is putting more workers on part-time status in a test aimed at limiting costs from President Barack Obama’s health-care law.Darden Restaurants Inc....
View ArticleMilk cows slaughtered as feed prices surge after drought
U.S. milk production is headed for the biggest contraction in 12 years as a drought- fueled surge in feed costs drives more cows to slaughter.Output will drop 0.5 percent to 198.9 billion pounds in...
View ArticleToyota recalls 7.43 million vehicles globally
TOKYO: Toyota Motor Corp. is recalling 7.43 million vehicles in the U.S., Japan, Europe and elsewhere around the world for a faulty power-window switch — the latest, massive quality woes for Japan’s...
View ArticleInfoCision CEO is out, company founder’s son takes helm
InfoCision Management Corp., one of the area’s largest employers, has named a new chief executive officer and president.Craig Taylor, son of the founder of the Bath Township teleservices firm, has been...
View ArticleFed ‘Beige Book’ says economy growing ‘modestly’ as housing improves
The Federal Reserve reported Wednesday that the U.S. economy was expanding “modestly” in September, supported by improvements in housing and auto sales, even as the labor market showed little...
View ArticleBusiness news briefs — Oct. 10
LOCAL BUSINESSElectric bill decrease Ohio Edison customers will see a portion of their monthly bills decrease thanks to a plan involving a new financing measure.The plan, approved Wednesday by the...
View ArticleReport says shale gas could boost wider economy
The shale gas boom could cut costs significantly for the chemical industry and ultimately benefit the apparel, electronics, machinery and other sectors, according to a new report.The report by...
View ArticleDriller reveals natural gas strike in Belmont County
The Shugert 1-1H well is the No. 1 producing Utica shale well in Ohio, based on numbers released Tuesday by the Oklahoma energy company.The well in Belmont County in eastern Ohio is believed to be the...
View ArticleDow drops 129 points
NEW YORK: Stocks fell sharply Wednesday, with the S&P 500 index ending lower for a fourth consecutive trading session, after aluminum producer Alcoa Inc. cut its global demand outlook and Chevron...
View ArticleWal-Mart to accelerate small store growth
Wal-Mart is accelerating the expansion of small stores, particularly its Neighborhood Market stores, as it looks to compete with a variety of rivals from dollar stores to drug chains.“This gives us the...
View ArticleToyota recalls 7.43 million vehicles globally
TOKYO: Toyota Motor Corp. is recalling 7.43 million vehicles in the United States, Japan, Europe and elsewhere worldwide for a faulty power-window switch.The recall announced Wednesday affects more...
View ArticleCounterfeit air bags called ‘extreme safety risk’
WASHINGTON: Thousands of motorists may be driving cars and trucks installed with dangerous counterfeit airbags, and they should have them replaced at their own expense, the Obama administration warned...
View ArticleWendy’s pigtails get first touchup since 1983
NEW YORK: Wendy’s pigtails are getting a tweak.For the first time since 1983, the Dublin, Ohio-based fast food company is updating its logo in a move intended to signal its ongoing transformation into...
View ArticleU.S. jobless claims fall to 339,000, fewest in 4½ years
WASHINGTON: The number of Americans seeking unemployment aid plummeted last week to seasonally adjusted 339,000, the lowest level in more than four years. The sharp drop offered a hopeful sign that the...
View ArticleU.S. trade deficit rises to $44.2 billion in August
WASHINGTON: The U.S. trade deficit widened in August as exports fell to the lowest level in six months, a worrisome sign that a slowing global economy is cutting into demand for U.S. goods.The deficit...
View ArticleU.S. rate on 30-year mortgage rises to 3.39 percent
WASHINGTON: Average U.S. rates on fixed mortgages tick up from record lows last week. Cheaper mortgages are fueling a modest housing recovery that could help the broader economy.Mortgage buyer Freddie...
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