Growth at U.S. service firms jumps on new orders
WASHINGTON: U.S. service firms expanded in July at the fastest pace since February, fueled by a brisker month of sales and a jump in new orders. The increase suggests economic growth could be picking...
View ArticleAmazon founder Jeff Bezos to buy Washington Post
WASHINGTON: Amazon.com founder Jeff Bezos is buying The Washington Post and other newspapers for $250 million.The longtime publisher, The Washington Post Co., announced the deal Monday. Bezos is buying...
View ArticleJudge denies class action for Walmart bias suit
SAN FRANCISCO: A judge rejected an attempt to file a class-action discrimination lawsuit on behalf of 150,000 Walmart women employees in California who claimed their male colleagues were paid more and...
View ArticleRelational increases ownership stake in Timken
California-based Relational Investors LLC, which is pushing Timken Co. to split its bearings and steel businesses, has increased its stake in the Canton manufacturer to 7.9 percent, according to...
View ArticleBusiness news briefs — Aug. 5
LOCAL BUSINESSMyers sets dividendMyers Industries Inc. declared a regular quarterly dividend of 9 cents per share payable Oct. 7 to shareholders of record Sept. 6.Interstate pays...
View ArticleZeppelin takes to skies near Paris
PARIS: Tourists seeking an original way to take in France’s famed countryside have a new way to do it — in a helium-filled zeppelin.On Sunday, Airship Paris’ 250-foot-long, five-story airship began...
View ArticleDimon says state is “going to come back,” country is “getting stronger”
Jamie Dimon is the chairman and CEO of banking giant JPMorgan Chase — the largest bank by assets in the country and the biggest in Ohio.The company boasts 2.5 million consumer customers in the state,...
View ArticleSurvey shows Twitter use growing
Twitter usage among U.S. adults who go online is up to 18 percent in the latest Pew Research Center survey, a slight increase from 16 percent last summer.The survey released Monday once again showed...
View ArticleLongtime Medina physician honored
A longtime area doctor who helps patients as well as future physicians and local police officers recently was named the 2013 Family Physician of the Year by the Ohio Academy of Family Physicians.Dr....
View ArticleUniversity Park Alliance receives $75,000 grant from Chase for housing stock...
The University Park Alliance — which is refocusing its operation after losing its major funding — on Monday received a $75,000 grant from JPMorgan Chase.The new funding comes after the John S. and...
View ArticleAmazon founder Bezos to buy Washington Post
LOS ANGELES: Jeff Bezos, the Amazon.com founder who helped bring books into the digital age, is going after another pillar of “old media”: The Washington Post.Bezos, 49, struck a deal announced Monday...
View ArticleU.S. trade deficit narrows to $34.2 billion in June
WASHINGTON: A sharp decline in the trade deficit with other nations suggests the U.S. economy grew this spring at a faster pace than previously estimated, helped by a record level of exports.The...
View ArticleUS home prices vault nearly 12 percent in June
U.S. home prices surged 11.9 percent in June from a year earlier, reflecting stronger demand amid a tight supply of homes for sale.CoreLogic, a real estate data provider, said Tuesday that home prices...
View ArticleDow Jones falls 93 points; S&P 500 drops 9.77
NEW YORK: Stocks fell Tuesday, giving the Standard & Poor’s 500 index its biggest decline since June 24, as retailers’ results disappointed and trade data fueled concern the Federal Reserve may...
View ArticleBusiness news briefs — Aug. 6
LOCAL BUSINESSMeggitt revenue increasesMeggitt PLC, the U.K.-based defense contractor and engineering company that owns Meggitt Aircraft Braking Systems in Akron, reported higher revenue and earnings...
View ArticleGM cuts 13 percent off price of Volt electric car
DETROIT: General Motors is knocking 13 percent off the sticker price of the Chevrolet Volt electric car as it tries to keep pace with rivals in the market for plug-in vehicles.The automaker said...
View ArticleFirstEnergy reports second-quarter loss; stock up 2.6 percent for the day
FirstEnergy Corp. on Tuesday reported a loss of $164 million in the second quarter, attributing it to costs of closing coal-fired power plants.The Akron-headquartered utility — one of the area’s...
View ArticleDiebold reports loss, reduces outlook, freezes pensions and offers early...
Diebold is offering early retirement to 1,200 U.S. employees and freezing pensions as it restructures after losing money in its second quarter and lowering its outlook for the remainder of the...
View ArticleParker Hannifin earnings drop 10 percent
Parker Hannifin Corp., with area operations, reported Tuesday that its fourth-quarter net income dropped 10 percent, hampered by lower volumes and higher-than-expected acquisition-related costs.The...
View ArticleFirstEnergy to eliminate 250 positions, including 70 layoffs in Akron area in...
FirstEnergy Corp. will eliminate 250 jobs companywide, including laying off 70 support staffers at the company’s Akron headquarters and area operations. The layoffs of 70 corporate support staff will...
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