McDonald’s predicts tough year despite new items
NEW YORK: McDonald’s is mixing up its menu with healthier, fresher sounding items such as its chicken McWraps but not enough customers are biting.The world’s biggest hamburger chain on Monday reported...
View ArticleNetflix gains 630K subscribers as 2Q earnings soar
SAN FRANCISCO: Netflix’s second-quarter earnings more than quadrupled as the revival of the comedy series “Arrested Development” attracted more subscribers.The report released Monday showed Netflix...
View ArticleCountry club refund goes into Fair Finance estate
Former Fair Finance Co. co-owner James Cochran, living in an Illinois prison, doesn’t have much use for a country club membership.A refund of Cochran’s membership — $157,500 — now is part of the Fair...
View ArticleBusiness briefs — July 23
LOCAL BUSINESSCall to end dispute at RotekThe office of U.S. Sen. Sherrod Brown on Monday called on Aurora’s Rotek Inc. to end what Brown called the “lockout” of more than 100 United...
View ArticleRPM closes fiscal year with profit, $4 billion in sales
RPM International Inc. crossed the $4 billion revenue threshold as its fiscal 2013 year closed at the end of May.Net income and earnings per share were down from a year ago, the company said in...
View ArticlePeople never outgrow need to exercise, doctor says
You’re never too old to start a new fitness routine.The thousands of athletes who are in Northeast Ohio competing in the National Senior Games provide great examples for sedentary seniors to get...
View ArticleStock market ends mixed after uneven earnings news
NEW YORK: Uneven corporate earnings left the stock market mixed Tuesday.Most major indexes closed slightly lower, except for the Dow Jones industrial average. Yet even there the gain was due to the...
View ArticleFirstMerit reports big jump in quarterly profits
FirstMerit Corp. said Tuesday its profits jumped 58 percent for the second quarter, the first report following the bank’s acquisition of Citizens Republic Bancorp.Akron’s FirstMerit closed on its...
View ArticleBusiness briefs — July 23
LOCAL BUSINESSBarrel venture on TVThe Oak Barrel Co., a Wooster-area maker of hand-crafted furniture made from reclaimed oak barrels and other materials, will see one of its products featured beginning...
View ArticleJudge rules against punitive damages in Fair Finance lawsuit
A federal judge has ruled the Fair Finance Co. trustee cannot seek punitive damages against a business that provided millions of dollars in financing to the bankrupt Akron firm and its now-imprisoned...
View ArticleSummit County unemployment rate up from May; labor force increasing
Unemployment rates in all of Ohio’s 88 counties increased in June as students wrapped up school and began looking for jobs.In Summit, the unemployment rate rose to 7.1 percent in June from 6.6 percent...
View ArticleReport: Economic concerns drive college choices
WASHINGTON: College costs are driving decisions about which schools to attend, what to study and even where to live, according to a report from loan giant Sallie Mae.Parents no longer foot the largest...
View ArticleChanges eyed in door-to-door mail delivery
WASHINGTON: Americans for generations have come to depend on door-to-door mail delivery. It’s about as American as apple pie.But with the Postal Service facing billions of dollars in annual losses, the...
View ArticleBrowns owner Jimmy Haslam’s Pilot Flying J revises class action settlement
NASHVILLE, Tenn.: The truck-stop company owned by Browns owner Jimmy Haslam and Tennessee Gov. Bill Haslam has revised a class action settlement with trucking companies that were cheated out of fuel...
View ArticleCaterpillar tugs Dow lower; Apple jumps
NEW YORK: A gloomy outlook from Caterpillar, the world’s largest construction equipment company, tugged the stock market lower Wednesday.The meager drop gave the stock market two consecutive days of...
View ArticleU.S. new-home sales jump to highest level in five years
WASHINGTON: Americans snapped up new homes in June at the fastest pace in five years, a sign the housing recovery is strengthening.Sales of newly built homes rose 8.3 percent last month to a seasonally...
View ArticleBusiness briefs — July 25
TECHNOLOGYGoogle unveils new Nexus 7Google is introducing a sleeker version of its Nexus 7 tablet as the Internet company escalates its battle with Apple and Amazon.com in the mobile computing...
View ArticleGovernment needs $95.51 per share to break even on GM bailout
DETROIT: General Motors stock would have to sell for $95.51 per share for taxpayers to break even on bailing out the company, according to a government watchdog’s report released Wednesday.That price...
View ArticleCoca-Cola, PepsiCo see soda declines continue
NEW YORK: It seems that not even Beyonce or new, lower-calorie options can convince Americans to drink more soda.Coca-Cola Co., PepsiCo Inc. and Dr Pepper Snapple Group Inc. all sold less soda in the...
View ArticleLordstown plant to idle for a second week
LORDSTOWN: General Motors officials say the Ohio plant that makes the Chevrolet Cruze is shutting down for a week in August to maintain the balance between supply and demand.The Vindicator newspaper...
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