Business news briefs — June 17
LOCAL BUSINESSAd executive honoredJack DeLeo, the longtime head of Akron marketing agency Hitchcock Fleming & Associates, has been inducted into the American Advertising Federation Cleveland...
View ArticleFair Finance monetary judgments grow but collections lag
The years-long Fair Finance Co. bankruptcy case has resulted in default judgments totaling nearly $200 million.But so far none of that money has been recovered and returned to the thousands of Ohio...
View ArticleFord says U.S. sales of vehicles with Sync, MyFord Touch rise
Ford Motor Co., the second- largest U.S. automaker, says more buyers are opting for the voice-command and touch-screen technology packages that boost the profitability of its cars and trucks.Vehicles...
View ArticleTire conference will be in both Akron, Florida
The International Tire Exhibition & Conference, held every two years, is splitting into two components in 2014 with one part coming to Akron and the other going to Florida.ITEC’s tire manufacturing...
View ArticleMichelin signs accord to form $435 million venture in Indonesia
Michelin & Cie agreed to form a joint venture with Indonesian petrochemical producer PT Chandra Asri Petrochemical Tbk to make synthetic rubber as Europe’s largest tire maker forecast increasing...
View ArticleInvestors guess Fed’s actions, push stocks higher
NEW YORK: Investors are in a game of wait-and-see with the Federal Reserve. On Monday, they guessed that the Fed will continue trying to prop up the economy, and sent stocks higher.The major stock...
View ArticleU.S. consumer prices rise just 0.1 percent in May
WASHINGTON: U.S. consumer prices rose slightly in May as higher energy costs were partly offset by cheaper food. The small increase comes after two straight declines, underscoring that American...
View ArticleChrysler agrees to recall of Jeeps at risk of fire
DETROIT: Chrysler says it has resolved its differences with the government and will recall older Jeep Grand Cherokee and Liberty SUVs that could be at risk of a fuel tank fire.Earlier this month the...
View ArticleFair Finance lawsuits to continue into next year
Lawsuits in the years-long Fair Finance Co. bankruptcy case and $200 million financial scandal will continue well into 2014.Brian Bash, a Cleveland-based lawyer and trustee for bankrupt Fair Finance,...
View ArticleThree Pilot Flying J employees plead guilty to fraud charge
KNOXVILLE, TENN.: Three former Pilot Flying J employees pleaded guilty Tuesday in federal court to taking part in a conspiracy to defraud customers out of diesel fuel rebates.That brings the total to...
View ArticleBusiness news briefs — June 18
LOCAL BUSINESSDowntown group meetsArea residents can participate in the voting for a small enhancement project for downtown Akron they want to see move from idea to action. The voting will take place...
View ArticleConsumer prices rise just 0.1 percent in May
WASHINGTON: Consumer prices rose slightly in May as higher energy costs were partly offset by cheaper food. The small increase comes after two straight declines, underscoring mild inflation...
View ArticleAultman pays Mercy $14.7 million in damages, other fees
Aultman Health Foundation has paid rival Mercy Medical Center $14.7 million, putting to rest a contentious, six-year legal battle between Stark County’s largest hospital systems.Aultman paid the $6.1...
View ArticleEPA study on fracking threat to water will take years
CLEVELAND: The U.S. Environmental Protection Agency is analyzing the threat that hydraulic fracturing, or fracking, poses to drinking water, but that study won’t be completed until 2016.That assessment...
View ArticleBusiness news briefs — June 19
LOCAL BUSINESSBurg Award winner revealedTeam NEO, the nonprofit that works to attract businesses to the region, has named retired Alcoa official Bill Christopher as the recipient of this year’s H....
View ArticleStocks slide as Fed says bond purchases could slow
NEW YORK: Financial markets shuddered Wednesday after the Federal Reserve said it could start scaling back its huge bond-buying program later this year and end it by the middle of 2014.The Fed’s $85...
View ArticleFedEx expects profits to rise up to 13% amid cost-cutting plan
FedEx Corp., the world’s largest cargo airline, sees full-year earnings rising as much as 13 percent as it reduces costs and jobs to counter customers’ preference for less expensive international...
View ArticleNew Mariott to join hotel village in Jackson
An area already dotted with motels and hotels is getting another inn — the Akron-Canton area’s first SpringHill Suites by Marriott — an all-suite facility.It is set to open near Westfield Belden...
View ArticleStates scramble to attract cybersecurity firms
As data dragnets and information breaches dominate the news, states are scrambling to cash in on a rapidly expanding business sector by offering tax incentives to firms that protect sensitive...
View ArticleFed suggests it’s closer to slowing bond purchases
WASHINGTON: Chairman Ben Bernanke ended weeks of speculation Wednesday by saying the Federal Reserve will likely slow its bond-buying program later this year and end it next year if the economy...
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