Business news briefs — Aug. 1
LOCAL BUSINESSFirstEnergy to release reportFirstEnergy Corp. said its second-quarter earnings will be released Tuesday before markets open. Results will be discussed by FirstEnergy managers during a...
View ArticleS&P 500 closes above 1,700 points for first time
NEW YORK: The stock market roared back to record highs on Thursday, driven by better news on the economy.The Standard & Poor’s 500, the Dow Jones industrial average and the Russell 2000 index set...
View ArticleChesapeake Energy satisfied with Ohio’s Utica shale
Chesapeake Energy Corp. remains very satisfied with what it is developing in Ohio’s Utica shale.“First let me say that I really am encouraged by what I’ve seen in the Utica,” said Doug Lawler, the...
View ArticlePeet’s Coffee opens Friday in Wallhaven
The new Peet’s Coffee & Tea was expected to open today at 1 N. Hawkins Ave., at the site of the former Caribou Coffee in Wallhaven.The Peet’s brand and Caribou both are owned by the German...
View ArticleNetflix rolls out new tool to profile viewers
SAN FRANCISCO: Netflix is introducing a long-awaited feature that will make it easier for the Internet video service to track and analyze the viewing habits of people sharing the same $8-per-month...
View ArticleAuto sales rise as small cars enjoy summer surge
DETROIT: Pickup trucks may have led the charge, but strong sales of small cars in July showed demand for new vehicles is broad — and not slowing down.Car sales grew in the first six months of this...
View ArticleOhio activists, eco-groups write to Kasich with concerns about radioactive...
A coalition of Ohio activists on Thursday asked Gov. John Kasich to get answers to questions about radioactive drilling wastes.In their letter, the activists urged Kasich to personally direct the Ohio...
View ArticleU.S. employers add 162,000 jobs, unemployment rate falls to 7.4 percent
WASHINGTON: U.S. employers added 162,000 jobs in July, the fewest since March. The gains were enough to lower the unemployment rate to a 4½-year low of 7.4 percent, a good sign in an otherwise...
View ArticleOrders placed with U.S. factories up 1.5 percent
WASHINGTON: Orders placed with U.S. factories rose to a record high in June, boosted by strong demand for airplanes, machinery and autos.Factory orders rose 1.5 percent in June compared with May, when...
View ArticleU.S. consumer spending up 0.5 percent in June
WASHINGTON: Consumers increased their spending in June at the fastest pace in four months even though their income growth slowed.Consumer spending rose 0.5 percent in June compared with May, when...
View ArticleEmployers add 162,000 jobs; rate falls to 7.4 percent
WASHINGTON: Employers added 162,000 jobs in July, a modest increase and the fewest since March. The unemployment rate fell to a 4½-year low of 7.4 percent, a hopeful sign in an otherwise lackluster...
View ArticleStock indexes inch higher
NEW YORK: Stocks tallied small gains on Friday, lifting the Dow Jones industrials and S&P 500 to record closes, as bonds rallied and the dollar fell after the July jobs report fell short of...
View ArticleBusiness news briefs — Aug. 02
LOCAL BUSINESSNew date for Peet’s openingThe new Peet’s Coffee, replacing the former Caribou Coffee in Akron’s Wallhaven neighborhood, will open Aug 22. A spokeswoman for Peet’s earlier this week...
View ArticleWhen a mutual fund says it doesn’t want your money
“No thanks.”That’s what a growing number of mutual fund managers are telling investors who want to hand over their money, and it’s occurring just as many investors are getting comfortable with stocks...
View ArticleToyota Highlander is comfortable family vehicle
With three rows of seats, a comfortably functional interior and pleasant looks, Toyota’s 2013 Highlander is a right-sized, no-fuss vehicle for families.There’s even a removable center section in the...
View ArticleSome say industry arrogance fueled fracking anger
PITTSBURGH: The boom in oil and gas fracking has led to jobs, billions in royalties and profits, and even some environmental gains.But some experts say arrogance, a lack of transparency and poor...
View ArticleToyota profit up on cheap yen, forecasts raised
TOKYO: Toyota Motor Corp. said its profit for the first quarter of the fiscal year nearly doubled from a year ago, and set an ambitious, worldwide production goal that would break industry records if...
View ArticleUniversity Park Alliance’s $6 million grant, $1.8 million loan is canceled by...
A grant and low-interest loan for a total of $7.8 million, awarded to the neighborhood development group University Park Alliance has been canceled by its major funder, less than three months after it...
View ArticleHistory of South Akron Awning
1913: Ray Garman opens South Akron Awning at 877 S. Main St., south of downtown Akron.1923-41: Company sponsors a winning semipro football team, the South Akron Awnings, that plays in a five-state...
View ArticleMaking sense of asset classes
Q: I am in the process of creating a balanced portfolio using one of your Couch Potato Building Block portfolios as a model. The bond portion of it would be sizeable. I am worried about the loss I...
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