Apple’s ‘Timid Tim’ once again disappoints
CUPERTINO, CALIF.: Maybe we should call him Timid Tim.As the recent iPhone unveiling event showed yet again, Apple under CEO Tim Cook is anything but bold. The company that reeled off one breakthrough...
View ArticleTwitter flies from obscurity to the height of fame
NEW YORK: The Pope. President Obama. Queen Elizabeth. Oprah. You.When Twitter started seven years ago as an obscure medium for geeks, critics dismissed it as an exercise in narcissism. Some thought it...
View ArticleSummers withdraws name from Fed consideration
WASHINGTON: Lawrence Summers, who was considered the leading candidate to succeed Ben Bernanke as Federal Reserve chairman, has withdrawn from consideration, the White House said Sunday.Summers’...
View ArticleOhio gas prices fall as autumn approaches
COLUMBUS: Ohio’s average gas prices are dropping as travelers say goodbye to summer.The average per gallon of regular gas was $3.39 on Monday, according to the survey from auto club AAA, the Oil Price...
View ArticleFollow along: Greater Akron leaders in Omaha for best-practices trip
Fifty-eight community and business leaders traveled to Omaha, Neb. on Sunday for a three-day informational exchange. They will tour the city and talk to business and community leaders looking for best...
View ArticleRep. Renacci targets deductions in tax reform
GREEN: U.S. Rep. Jim Renacci, R-Wadsworth, said Monday he will use his new position on the House Ways and Means Committee to lower business taxes and then pay for the cut by reducing deductions....
View ArticleStocks rally after Summers exits Fed race
NEW YORK: Wall Street was happy to see Larry Summers go.Stocks rose on Monday after Summers, who had been the leading candidate to replace Federal Reserve Chairman Ben Bernanke, withdrew his name from...
View ArticleBusiness news briefs — Sept. 16
LOCAL BUSINESSHistoric designationsAkron City Council approved historic designations Monday for two downtown properties.Council signed off on historic designations for the Canal Place properties at...
View ArticleAmerica’s richest get a little more
Forbes magazine on Monday released its annual list of the top 400 richest Americans. While most of the top names and rankings didn’t change from a year ago, the majority of the elite club’s members saw...
View ArticleWestfield to sell Belden Village, other malls to Starwood
Westfield Group agreed to sell seven U.S. shopping malls including its Belden Village property in Stark County for $1.6 billion to an affiliate of Starwood Capital Group LLC, as the company...
View ArticleUH offers Virtual Concierge service
University Hospitals is giving a face to the voice that sets up your medical tests or specialist appointments.The Cleveland-based health system recently launched a Virtual Concierge program inside two...
View ArticleU.S. consumer prices rise just 0.1 percent in August
WASHINGTON: U.S consumer prices barely rose last month, the latest sign that slow economic growth is keeping inflation tame.The Labor Department says the consumer price index increased just 0.1 percent...
View ArticlePentagon says landing gear tires wearing out too quickly on Lockheed craft
Tires that wear out too soon are adding to the troubles facing Lockheed Martin Corp.’s F-35, the Pentagon’s costliest weapons system.Landing gear tires, which cost about $1,500 apiece, made by Dunlop...
View ArticleAkron General’s bond rating downgraded
A national rating firm has downgraded Akron General Health System’s creditworthiness as it continues talks to be acquired by the Cleveland Clinic and a for-profit hospital chain.Standard & Poor’s...
View ArticleStocks higher as Fed kicks off two-day meeting
NEW YORK: Stocks rose on Tuesday as investors shrugged off worries about what the Federal Reserve is up to.Many expect the Fed to announce today that it will reduce its $85 billion monthly bond-buying...
View ArticleUtica, Marcellus shales are ripe with natural gas to benefit Ohio, Pennsylvania
COLUMBUS: The Utica and Marcellus shales are poised to produce significant volumes of natural gas that can benefit utilities and manufacturers in the Midwest and the Northeast, according to a new...
View ArticleBusiness news briefs — Sept. 17
LOCAL BUSINESSFree seminar on financingArea businesses, finance institutions and community and economic development organizations can learn about nontraditional financing of projects at a free daylong...
View ArticleTwitter faster than Facebook to focus on mobile advertising
Twitter Inc., the microblogging service that plans an initial public offering, is outpacing its bigger competitors Facebook Inc. and Google Inc. in a crucial growth area: mobile advertising.Ads on...
View ArticleSumma reportedly notifies employees of layoffs
Summa Health System reportedly began notifying some employees on Tuesday that their jobs were being eliminated.At least 30 people were told that their positions were cut during meetings held with staff...
View ArticleBeachwood wins new Omnova headquarters from Fairlawn
Omnova Solutions Inc., the Fairlawn surfaces and laminates maker whose roots in Akron date to General Tire & Rubber Co., said Tuesday it will build a new headquarters in the Cleveland suburb of...
View Article