Summa joins with three large hospital systems to grow statewide
Four of Ohio’s largest hospital systems are working together to try to capture an even bigger piece of the state’s changing health-care market.The initiative — Health Innovations Ohio — joins Akron’s...
View ArticleExpedited screening program will arrive at Akron-Canton Airport
Some travelers soon may be able to leave their shoes on at Akron-Canton Airport’s security checkpoints.The Transportation Security Administration (TSA) on Wednesday announced it would expand its...
View ArticleApplications for U.S. jobless aid near a 5-year low
WASHINGTON: The number of Americans seeking unemployment benefits dropped 9,000 last week to a seasonally adjusted 323,000, near the lowest level since June 2008. The figure shows that employers are...
View ArticleU.S. worker productivity up at 2.3 percent rate
WASHINGTON: U.S. workers were more productive from April through June than previously estimated while labor costs were unchanged.Productivity grew at an annual rate of 2.3 percent in the April-June...
View ArticleAverage U.S. 30-year mortgage rate up to 4.57 percent
WASHINGTON: Average fixed rates on U.S. long-term mortgages neared their highs for the year this week amid signs of further strength in the economy.Mortgage buyer Freddie Mac said Thursday that the...
View ArticlePennsylvania candidate wants 5 percent tax on gas drilling
PITTSBURGH: A Democrat running for governor in Pennsylvania wants to add a 5 percent tax to the shale gas drilling boom.U.S. Rep. Allyson Schwartz says in a Wednesday release that the rate would still...
View ArticleBusiness news briefs — Sept. 5
BANKINGChase won’t give student loansJPMorgan Chase & Co. is exiting the student loan business, saying it doesn’t see meaningful growth in the private market for education loans.A spokeswoman said...
View ArticleProfits for auto companies show signs of beating the 1990s
The 17 percent surge in U.S. auto sales last month pushed the annual rate to a pre-recession, boom-time level. Even more significant, automakers are reaping profits not seen since 2000.Sales totaled...
View ArticleSluggish August retail sales make holiday season appear troubled
L Brands Inc., which owns Victoria’s Secret and has powered through a choppy economy, reported August same-store sales that narrowly missed estimates, the latest evidence of weakness among apparel...
View ArticleState offers workforce training help
Businesses interested in financial help to train workforce members can apply for state help.Money is available from the Ohio Incumbent Workforce Training Voucher Program, the Ohio Development Services...
View ArticleInvestor group has stake in bankruptcy of media company that owns Northeast...
The owner of several Northeast Ohio newspapers announced this week it plans to file for bankruptcy. An entity called Fortress Investment Group LLC, known as an investor in troubled companies, said...
View ArticleMcDonald’s prices go up on dollar menu
McDonald’s Corp.’s Dollar Menu is primed for inflation.The burger chain is testing a new version, dubbed Dollar Menu and More, that includes items selling for as much as $5. The new lineup is being...
View ArticleStocks edge higher after encouraging jobs reports
NEW YORK: More evidence of an improving job market helped lift the stock market Thursday.The Labor Department reported that the four-week average of applications for U.S. unemployment benefits has...
View ArticleThai rubber farmers clash with police
BANGKOK: A protest by Thai rubber farmers demanding subsidies turned violent Thursday, with police in a southern province saying a group of demonstrators threw bricks and bottles containing an acidic...
View ArticleTimken to split bearings, steel operations into separate companies
The Timken Co.’s board of directors met Thursday morning for perhaps the most critical vote in the Stark County company’s 114-year-old history. Just after 4 p.m., the outcome went public: Timken will...
View ArticleU.S. employers add 169,000 jobs; unemployment rate falls to 7.3 percent
WASHINGTON: The U.S. economy is producing jobs at a still-subpar pace — a trend the Federal Reserve will weigh in deciding this month whether to slow its bond buying and, if so, by how much.Employers...
View ArticleFord CEO Mulally plans to stay through 2014
Ford Motor Co. Chief Executive Officer Alan Mulally said he intends to stay as head of the second-biggest U.S. carmaker through next year, amid reports that Microsoft Corp. may seek to recruit him.“I...
View ArticleComing Sunday
SUNDAY: Consumer writer Betty Lin-Fisher to report on new ways to deal with robocalls to residences.
View ArticleWorking after you retire rarely comes easily
Financial planners often advise prospective retirees who might not have sufficient income during retirement to plan on continuing to work after age 65.That sounds good in theory but is frankly...
View ArticleNot all bond funds are created equal
It’s not all doom and gloom for bond investors.Bondholders have had a rough summer with yields rising as the Federal Reserve considers ending its bond-buying stimulus program. The yield on the 10-year...
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