Newsweek ending print edition, job cuts expected
NEW YORK: Newsweek plans to end its print publication after 80 years and will shift to an all-digital format starting in early 2013. Job cuts are expected.Newsweek’s last U.S. print edition will be its...
View ArticleU.S. unemployment aid applications jump to 388,000
WASHINGTON: Weekly applications for U.S. unemployment benefits jumped 46,000 last week to a seasonally adjusted 388,000, the highest in four months. The increase represents a rebound from the previous...
View ArticleBusiness news briefs — Oct. 18
LOCAL BUSINESSElectronics grant is madeA program aimed at creating jobs in Northeast Ohio’s emerging flexible electronics industry cluster has attracted a $385,000 grant from the U.S. Small Business...
View ArticleSupervalu sees second quarter loss, in active talks on options
Grocery store operator Supervalu lost money in its latest quarter, but the struggling company said it is in active discussions with several parties over a possible deal.Supervalu is the parent company...
View ArticleSouthwest planning to shrink work force
Southwest Airlines Co., the discount carrier that has never had layoffs, plans to shrink its work force amid spending cuts of at least $100 million after higher fuel prices helped cost increases...
View ArticleMyers Industries’ third quarter earnings slip while revenue rises
Myers Industries Inc.’s third quarter earnings fell from a year ago as revenue rose, the Akron plastics and rubber manufacturer and tool distributor reported Thursday.Sales rose to $197.3 million, up...
View ArticleAkron native who helped change world, Stanford Ovshinsky, dies at age 89
Stanford R. Ovshinsky, a visionary Akron native who helped change the world with environmentally friendly electric battery, solar cell and hydrogen inventions and who held about 400 patents, died...
View ArticleDow down 200 as weak earnings drag market lower
NEW YORK: Poor earnings reports from companies large and small pounded the stock market Friday in a sour end to an otherwise strong week of trading.With two hours to go in the trading day, the Dow...
View ArticleEarnings from McDonald’s, Microsoft sink stocks
NEW YORK: Poor corporate earnings reports pounded the stock market Friday in a sour end to an otherwise strong week of trading. The Dow Jones industrial average fell more than 200 points for its worst...
View ArticleBlack Monday echoes as trading falls to lowest levels in four years
A quarter century after the worst one-day stock crash in history, measures to prevent a repeat are failing to keep investors from losing confidence in the market.The 23 percent plunge in the Dow Jones...
View ArticleLuxury automakers offer earlier discounts
Luxury automakers are moving up their annual year-end discounts earlier in 2012 in a bid to outsell one another in the U.S., said Mark Fields, Ford Motor Co.’s president of the Americas.“You’re seeing...
View ArticleBusiness news briefs — Oct. 19
LOCAL BUSINESSSchulman raises dividendPlastics maker A. Schulman Inc. (Nasdaq: SHLM) raised its quarterly cash dividend by 2.6 percent, or a half cent, to 19.5 cents, payable Nov. 1, to shareholders of...
View ArticleU.S. home sales dip 1.7 percent on tight inventory
WASHINGTON: Sales of previously occupied homes fell in September after hitting a two-year high in August, in part because there were fewer homes available for sale.The National Association of Realtors...
View ArticleSummit home sales drop slightly
Summit County home sales dipped from September a year ago, as inventory remained tight.September was the first time in 15 months that sales were down from the same month the year prior.There were 449...
View ArticleToyota Prius becomes best-selling vehicle line in California
Toyota’s Prius hybrid passed Honda’s Civic and Accord to become the best-selling vehicle line this year in California as higher gasoline prices drove up demand for fuel-efficient cars.Toyota, the...
View ArticleGE earnings rise 49 percent in third quarter; revenue up 3 percent
General Electric Co.’s net income rose 49 percent in the third quarter to $3.49 billion as its recovery from the 2008 financial crisis continues.GE earned 33 cents per share in the quarter, up from 22...
View ArticleMcDonald’s quarterly profit falls 3.5% as U.S. growth slows
McDonald’s Corp., the world’s largest restaurant chain by sales, said Friday that third-quarter profit fell 3.5 percent as sales growth slowed at U.S. stores.Net income dropped to $1.46 billion, or...
View ArticleTimken, University of Akron open cutting edge laboratories
You could call the brand new Timken Engineered Surfaces Laboratories a place for slick science at the University of Akron.It is, after all, dedicated to finding cutting-edge ways to reduce...
View ArticleBusiness calendar -- Oct. 23-26
TuesdayToastmasters Akron 151 — 6:30-8 p.m., Summa St. Thomas Hospital, 444 N. Main St., Akron. Information: 330-733-7683.Northeast Ohio Business Alliance — 7:30-9 a.m., Real Estate Capital Partners,...
View ArticleBusiness notes — Oct. 21
COMPANIESHitchcock Fleming& Associates Inc.The Akron-based company was honored with four WebAwards, an industry competition dedicated to naming the best websites while recognizing excellence for...
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