Mortgage rates dip for second week after summer spike
WASHINGTON: Average rates on U.S. fixed mortgages fell for the second straight week, a welcome sign for homebuyers hoping to lock in lower rates that had spiked earlier this month.Mortgage buyer...
View ArticleLordstown GM plant plans extra week shutdown
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...
View ArticleNew Impala tops sedans in Consumer Reports tests
DETROIT: The Chevrolet Impala, long the standard-bearer for mediocre cars from Detroit, has made an amazing turnaround.Consumer Reports magazine has ranked the completely reworked 2014 version of the...
View ArticleU.S. average mortgage rate on 30-year loan falls to 4.31 pct.
WASHINGTON: Average rates on U.S. fixed mortgages fell for the second straight week, a welcome sign for homebuyers hoping to lock in lower rates that had spiked earlier this month.Mortgage buyer...
View ArticleBusiness news —July 26
LOCAL BUSINESSESMyers names new VPMyers Industries Inc. of Akron, maker of plastic and rubber products, has named Monica Vinay to the post of vice president of investor relations and treasurer.Vinay...
View ArticleMaterials companies help stocks to a slight gain
NEW YORK: Gains in energy and chemical companies helped nudge the stock market higher Thursday.The modest move extends a pattern seen this week: Even with plenty of earnings news from big companies,...
View ArticleNew Impala tops sedans in Consumer Reports tests
DETROIT: The Chevrolet Impala, long the standard-bearer for mediocre cars from Detroit, has made an amazing turnaround.Consumer Reports magazine has ranked the completely reworked 2014 version of the...
View ArticleTimken reports 55 percent drop in profits
Timken Co. of Canton on Thursday reported a 55 percent drop in second-quarter profits as the company reduced its earnings estimate for the full year.The steel and bearings maker, one of the region’s...
View ArticleSweet day for Falls business
CUYAHOGA FALLS: A tiny sweets store with some unusual concoctions has taken off in the city.Sugar-Luv Homemade Candies and Confections is part of a small business area dubbed Chestnut Crossing.It...
View ArticleSavvy Shopper moving to Wednesdays
ADVERTISINGNew day for Savvy ShopperThe Beacon Journal’s Savvy Shopper advertising insert is moving from Saturdays to Wednesdays beginning July 31.The change is being made to accommodate grocery...
View ArticleGas drillers in Pennsylvania find Upper Devonian shale also is lucrative
A new, third layer of shale deep beneath the surface of western Pennsylvania is showing promise as a source of natural gas.It might not prove to be as lucrative as the Marcellus or Utica shales, but...
View ArticleCredit union facts, figures in Ohio
Credit unions declining in OhioThe number of credit unions is dropping in the state, although membership and assets are rising.Year Credit unions Membership Assets (in billions)2009 407 2,644,579...
View ArticleSigns point — finally — to end of Europe’s recession
FRANKFURT, GERMANY: After a year and a half of recession, Europe’s battered economy could finally be showing signs of life.It’s not the kind of recovery that calls for a big celebration. Any upswing...
View ArticleBank profits soar in second quarter; tech lags
NEW YORK: Just over half of the companies in the Standard & Poor’s 500 index have reported earnings for the second quarter, and some are faring better than others.Here are some of the things we’ve...
View ArticleCredit unions declining in Ohio, but membership, assets on rise
Credit unions are disappearing fast in Ohio.It’s a trend that sounds dire for the alternative banking industry and its customers, but it’s not, experts say.The number of credit unions has tumbled 12.5...
View ArticleUpper Devonian shale drilling in southeast Ohio on limited scale
There is limited drilling in the Upper Devonian shale formation in southeast Ohio.A total of 125 wells have been drilled in seven counties in the past two years, mostly by Oxford Oil Co. LLC, said...
View ArticleChina orders production cuts in some industries
BEIJING: China’s government has ordered companies to close factories in 19 industries where overproduction has led to price-cutting wars, affirming its determination to push ahead with a painful...
View ArticleFDA proposes rules for safer imported foods
WASHINGTON: Chances are that about 15 percent of the food you eat — more if your diet includes lots of fruits, vegetables and cheese — comes from abroad, and the government is taking steps now to make...
View ArticleBarbie fights for her life
As far as catfights go, this is a doozy.Barbie, long the reigning queen in the doll world, has suddenly been thrust into the battle of her life.But Barbie’s competitors look nothing like the blue-eyed,...
View ArticleBusiness calendar — July 28
TuesdayToastmasters Akron 151 — 6:30 to 8 p.m., Summa St. Thomas Hospital, 444 N. Main St., Akron. Information: 330-733-7683.Northeast Ohio Business Alliance — 7:30 to 9 a.m., Real Estate Capital...
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