Lending declines, Federal Reserve unit in Cleveland says
Small business lending has declined substantially since the Great Recession for multiple reasons, according to newly published research by Federal Reserve Bank of Cleveland policy analyst Ann Marie...
View ArticleBusiness news briefs — Aug. 21
AUTO INDUSTRYKia recalls 9,700 vehiclesKia is recalling more than 9,700 SUVs in the United States and Canada because the front axle can fail and the vehicles can lose power.The recall affects 2014...
View ArticleTarget second-quarter profit falls 13% on shopper caution
Target Corp. muted its annual profit forecast Wednesday after reporting a 13 percent drop in second-quarter profits as the cheap-chic retailer deals with cautious shoppers.Target is the latest in a...
View ArticleLocal home sales jump nearly 31 percent in July
Summit County home sales last month reached their highest monthly level in six years, jumping nearly 31 percent from July a year ago.In a broader sign of recovery, home sales in a multicounty Northeast...
View ArticleSmucker buys organic company, increases earnings outlook
The J.M. Smucker Co. got a bit more organic as it announced record first-quarter earnings and hiked its financial outlook.The $5.9 billion Orrville-based coffee and food business said it purchased a...
View ArticleSliding-scale practice offers on-site access to low-cost drugs
A sliding-scale medical practice that treats thousands of low-income patients each year now is offering access to low-cost medications at its Akron location.AxessPointe Community Health Center...
View ArticleCity considers transferring troubled steam-heat system to Akron Children’s...
The city of Akron wants to transfer ownership of its downtown steam-heating and cooling system to Akron Children’s Hospital, one of the biggest customers.Mayor Don Plusquellic said Wednesday that the...
View ArticleGreen is center of food fight: New Acme breaks ground; Giant Eagle announces...
GREEN: A food fight is on.On Wednesday, the same day that Acme Fresh Market officials broke ground for the company’s first new store location in 20 years, Giant Eagle officials confirmed that it is...
View ArticleMontrose Acme getting a major face-lift
The Acme Fresh Market store in the Montrose area is in the midst of a major renovation. Last fall, Acme’s store on Medina Road or state Route 18 in Bath Township gained 10,000 square feet from its...
View ArticleHeadquarters big and small
Corporate headquarters run big and small in Summit County.Team NEO, the nonprofit business attraction group counted more than 500 corporate headquarters, using data from the U.S. Bureau of Labor...
View ArticleWorkers approve four-year contract with Goodyear
Workers approved a four-year labor contract with Goodyear Tire & Rubber Co. that affects about 8,000 employees at six U.S. plants and protects against closures at those facilities, union officials...
View ArticleBusiness news briefs — Aug. 22
LOCAL BUSINESSFracking may sink home valueFracking for natural gas may negatively impact the value of homes near the drill sites, says a survey to be reported in The Journal of Real Estate...
View ArticleSears second-quarter loss widens as sales weaken at stores
HOFFMAN ESTATES, ILL.: It was another bad quarter for Sears Holdings Corp.The beleaguered retailer, which operates Kmart and Sears, said Thursday that its second-quarter loss widened as the company...
View ArticleWalmart holds ‘made in America’ meeting
ORLANDO, Fla.: Wal-Mart Stores Inc. spearheaded an effort Thursday to bring together retailers, suppliers and government officials so they can figure out how to bring more manufacturing jobs to the...
View ArticleHeadquarters employment up in Northeast Ohio
But a new report from Team NEO shows that headquarters employment in the region is roughly 49,000 — a historic high.The report also reveals that Northeast Ohio enjoys the nation’s fourth largest share...
View ArticleAbout the hospital systems
Community Health SystemsPresident and CEO: Wayne T. Smith.Headquarters: Franklin, Tenn. (suburban Nashville).Number of owned, operated or leased hospitals: 135 in 29 states.Northeast Ohio hospitals:...
View ArticleNational hospital chain, Cleveland Clinic reach tentative deal to buy Akron...
One of the nation’s largest for-profit hospital chains has reached a tentative deal to buy Akron General Health System in partnership with the Cleveland Clinic.The Akron General board of directors on...
View ArticleGrafTech turns out the future at Sharon Center graphite factory
While many people look ahead to the impending release of the newest iPhone and other smartphones, GrafTech International is already working on what succeeds them a year from now — and beyond.The $1.25...
View ArticleBusiness news briefs — Aug. 23
ELECTRONICSPlayStation 4 to debut Nov. 15Sony Corp. will begin selling PlayStation 4 in North America on Nov. 15, moving to obtain an early advantage in the largest video-game market against Microsoft...
View ArticleOld Firestone headquarters could become historic district
The former Firestone headquarters and Plant No. 1 building is on its way to joining an elite group — becoming part of a historic district.This designation celebrates the past — but is all about the...
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