Business news briefs — June 4
LOCAL BUSINESSAkron home prices lag U.S.Akron-area home prices rose 2.8 percent in April from a year ago, lagging a much larger increase nationally, according to real estate data firm CoreLogic.The...
View ArticleStocks head lower on Fed stimulus worries
NEW YORK: The Federal Reserve guessing game threw the markets for another loop Tuesday.Comments from an official raised expectations that the Fed could start easing off its support for the economy...
View ArticleGM’s Cadillac posts biggest year-to-date surge since disco era
Cadillac sales have had their biggest gain since 1976, when Gerald Ford was president, the U.S. celebrated its 200th birthday and The Hustle won a Grammy.General Motors’ luxury brand’s deliveries...
View ArticleOhio foreclosure victims to receive settlement checks averaging $1,480
Foreclosure settlement checks are coming and will be bigger than expected.Ohio Attorney General Mike DeWine announced Tuesday that Ohioans who lost their homes through foreclosure will receive about...
View ArticleOhio accuses company of illegally dumping shale drilling brine waste
ST. CLAIRSVILLE, OHIO: Ohio officials say a company has been caught illegally dumping brine waste from the shale drilling process in eastern Ohio.The Ohio Department of Natural Resources says it’s...
View ArticleProcter & Gamble reorganizes business units
CINCINNATI: Procter & Gamble is reorganizing its business into four new divisions, the first big change at the world’s largest consumer products maker since A.G. Lafley returned as CEO nearly two...
View ArticleBusiness news briefs — June 5
TIRE & RUBBERSteelworkers resume talksGoodyear Tire & Rubber Co. and the United Steelworkers resumed contract negotiations Monday, while the union and Bridgestone Americas began contract talks...
View ArticleNatural gas price stays same in June
The monthly natural gas price for residential customers who have chosen Dominion’s Standard Choice Offer (SCO), or those who don’t choose their own supplier, will stay the same for June.Effective June...
View ArticleHulu bidding free-for-All pesents seven clashing visions
At least seven bidders are said to be interested in acquiring Hulu LLC, and their divergent motivations in pursuing the deal could end up radically altering the strategy of the online-television...
View ArticleCompanies facing state charges over illegal brine dumping in Ohio’s Belmont...
A brine-hauling company working in eastern Ohio has ceased operations in the wake of allegations of illegal dumping in Ohio’s Utica shale.Harch Environmental Resources of St. Clairsville on Tuesday...
View ArticleVisitors bureau gets national recognition
The Akron/Summit Convention & Visitors Bureau won a national award, added two new directors and celebrated National Travel & Tourism Week.The bureau received its 15th “Top Destination Award”...
View ArticleWeak signals on the economy send stocks plunging
NEW YORK: A series of weak economic reports sent the stock market plunging to its lowest level in a month on Wednesday. Companies such as miners, banks and chemical makers, whose fortunes are most...
View ArticleDeveloper reveals plans for housing option taking shape near UA campus
About a decade ago, University of Akron students had few housing options — rental houses, maybe dorm rooms, if available.But UA has built or purchased five residence halls in the past few years, and...
View ArticleOhio gas prices hovering around $4 a gallon; unstable supply cited
CLEVELAND: Ohio motorists are getting a sinking feeling as they pull up to the pumps this week. Gas prices are way up and now are hovering around $4 a gallon.Rising oil prices amid fears about refinery...
View ArticleU.S. unemployment benefit applications fall to 346,000
WASHINGTON: The number of Americans seeking unemployment benefits fell 11,000 last week to a seasonally adjusted 346,000, a level consistent with steady job growth.The Labor Department said Thursday...
View ArticleDiebold names former Hewlett-Packard executive new CEO
Diebold Inc.’s board of directors today named former Hewlett-Packard Co. executive Andy W. Mattes as the company’s new president and chief executive officer.Mattes also was named board director and...
View ArticleSmucker reports fourth-quarter net income up 25 percent
ORRVILLE: J.M. Smucker Co. said today its fiscal fourth-quarter net income rose 25 percent as profitability improvements more than offset a slight sales decline. The earnings beat Wall Street...
View ArticleAverage rate on 15-year mortgage climbs above 3 percent
WASHINGTON: The average U.S. rate on a 15-year fixed mortgage rose above 3 percent this week for the first time in a year, while the rate on the 30-year fixed loan approached 4 percent.Mortgage buyer...
View ArticleRetailers report modest gains for May
NEW YORK: In the latest sign that Americans are feeling better about the overall economy, stores across the country had a pickup in sales in May.An improving job picture, better housing market and...
View ArticleGM to expand maintenance program to more 2014 models, CEO says
DETROIT: General Motors, aiming to increase customer loyalty, announced it will expand its free scheduled maintenance program to most 2014 Chevrolet, Buick and GMC vehicles in the U.S.“It makes sense...
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