Allstate CEO not worried about Geico competition
Allstate Corp. Chief Executive Officer Tom Wilson, whose company lost car insurance market share in the last three years, said at an investor conference that competitor Geico could struggle to expand...
View ArticleBioInnovation Institute exec honored at White House
A local medical leader was recognized during a ceremony at the White House on Tuesday for her efforts to improve the health of Akron-area residents.Dr. Janine E. Janosky, vice president of the Austen...
View ArticleIllinois sues Ohio property firm over foreclosure evictions
CHICAGO: Illinois Attorney General Lisa Madigan is suing an Ohio company, claiming it illegally evicts Illinois homeowners whose properties are in foreclosure.Madigan announced the lawsuit Tuesday. She...
View ArticleBusiness news briefs — Sept. 11
AUTO INDUSTRYU.S. unloading GM stockThe government is getting closer to selling all of its General Motors Co. stock.The Treasury Department said in its August report to Congress that it sold $811...
View ArticleApple’s updated iPhones reflect shift from a pioneering approach
Apple Inc.’s unveiling of two iPhones on Tuesday was criticized by analysts and reviewers as lacking enough new features or a low enough price to attract a broad range of first-time users.In a break...
View ArticleOhio Department of Natural Resources settles with two companies over Utica...
Gulfport Energy Corp. will pay a $250,000 fine, after the Ohio Department of Natural Resources discovered leaking brine and other fluids at seven drilling pads in eastern Ohio.The Oklahoma-based...
View ArticleDavey Tree earns employee-ownership ranking
The Davey Tree Expert Co. of Kent is the fifth-largest 100 percent employee-owned company in the United States in the 2013 rankings from the National Center for Employee Ownership.The rankings are...
View ArticleNike’s inclusion in Dow index shows genius of marketing
Nike Inc.’s addition to the Dow Jones industrial average is a testament to the company’s ability to shrug off hard times and transcend its U.S. origins, making its swoosh logo known from Beijing to...
View ArticleAutomakers bet on alternative-fuel cars for future
FRANKFURT: Judging by the number of electric and hybrid vehicles being rolled out at the Frankfurt Auto Show, it might seem carmakers are tapping a large and eager market.But in fact almost no one buys...
View ArticleSome Tuesday blackouts were ordered to prevent a widespread outage
Most of Tuesday’s electricity blackouts in Northeast Ohio came about when record-setting 90-degree temperatures combined with a broken high transmission line and as parts of the power grid were shut...
View ArticleGovernment offers gas mileage labels for used cars
DETROIT: The U.S. government has come up with window labels that show the gas mileage and pollution of used cars. The Energy Department and the Environmental Protection Agency say the labels can be...
View ArticleTwitter says it has filed IPO documents
NEW YORK: Twitter is going public. The short messaging service says it has filed confidential documents for an initial public offering of stock.San Francisco-based Twitter Inc. posted on its official...
View ArticleBusiness news briefs — Sept. 12
LOCAL BUSINESSAlliance firms receive loansTwo tiny area startup companies have received low-interest loans from a new Alliance city fund designed to support promising technology ventures.AMVONET, a...
View ArticleCooper Tire hearing in China postponed
A Chinese court has postponed a hearing on a Cooper Tire & Rubber Co. joint venture that’s complicating India’s biggest acquisition in North America.The Weihai Intermediate People’s Court pushed...
View ArticleConference shares healthy tips for workplace wellness
Akron Children’s Hospital workers get a ticket for a chance to win jewelry or other prizes every time they opt for a designated healthy meal in the cafeteria.Employee recognition ceremonies at Aultman...
View ArticleCEO store visits gain urgency at Macy’s amid stock price slump
Macy’s Inc. Chief Executive Officer Terry Lundgren calls store managers from his car as little as 10 minutes before conducting a surprise visit.“The first five minutes are a little uncomfortable,” he...
View ArticleDow ends day down slightly
NEW YORK: The stock market closed slightly lower Thursday as the longest rally since July ended. The Dow Jones industrial average edged down 25.96 points, or 0.2 percent, to close at 15,300.64. The Dow...
View ArticleDominion to form partnership for gas assets
Dominion Resources Inc., the third-largest U.S. utility owner and parent of Dominion East Ohio, said Thursday it will form a master-limited partnership for natural gas assets next year that may...
View ArticleDell shareholders approve founder’s buyout proposal
Dell Inc. Chief Executive Officer Michael Dell won shareholder approval Thursday for a planned $24.9 billion buyout, capping a seven-month standoff with investors and gaining free rein to attempt a...
View ArticleWomen outrun men in regaining jobs since recession
WASHINGTON: The slowly recovering U.S. job market has helped women rebound faster than men: They’ve now regained all the jobs they lost to the Great Recession. Men are still 2.1 million jobs short.And...
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