Home and stock values boost U.S. household wealth
WASHINGTON: U.S. household net worth jumped $1.3 trillion in the spring, fueled by gains in home and stock values.The Federal Reserve said Wednesday that net worth rose to $74.8 trillion in the...
View ArticleUSPS seeks increase in cost of stamps, to 49 cents
WASHINGTON: It soon could cost 49 cents to mail a letter.The postal Board of Governors said Wednesday it wants to raise the price of a first-class stamp by 3 cents, citing the agency’s “precarious...
View ArticleFactories shut by Bangladesh workers’ protest
DHAKA, BANGLADESH: Police used batons, rubber bullets and tear gas to stop protests by garment workers in Bangladesh who want higher wages while factory owners fear they may miss shipment to the United...
View ArticleRaptors, zombies kick off gambling expo in Vegas
LAS VEGAS: The world’s largest gambling conference is underway in Las Vegas with flashing slot machines, chain-smoking businessmen, and glittery performers dressed as characters from Avatar and the...
View ArticlePostal board recommends above-inflation price increase
The U.S. Postal Service, after failing to get Congress to go along with changes in its business model, should raise postage rates beyond the rate of inflation, its governing board said Wednesday.The...
View ArticleBusiness news briefs — Sept. 25
FOOD INDUSTRYSalads, slaws and dips recalledGarden-Fresh Foods of Milwaukee, Wis., is expanding its recall of ready-to-eat salads, slaws and dips sold under various brand names because they may be...
View ArticleRoku steps up Apple competition with new movie store, hardware
Roku Inc., the maker of set-top boxes that connect televisions to the Internet, announced Wednesday the introduction of new and upgraded devices that make it easier for viewers to rent or buy movies...
View ArticleDow and S&P 500 dip
NEW YORK: Stocks dropped on Wednesday, with the S&P 500 index recording its longest decline since December, as a possible federal government shutdown overrode better-than-forecast economic...
View ArticleAmazon unveils faster, more pricey Kindle Fire to compete with Apple
Amazon.com Inc. on Wednesday unveiled its third generation of Kindle Fire tablets and boosted their prices, as the world’s biggest e-commerce company seeks to set itself apart in an increasingly...
View ArticleAkron General lays off 30, converts rooms to private
Akron General Medical Center is laying off about 30 workers as the hospital converts the majority of its patient rooms from double occupancy to private.About 60 employees were notified on Wednesday...
View ArticleU.S. unemployment aid applications near 6-year low
WASHINGTON: The number of Americans seeking unemployment benefits fell 5,000 last week to a seasonally adjusted 305,000, the second-lowest level in six years. Steady declines in applications show that...
View ArticleU.S. economy grew at 2.5 percent rate in spring
WASHINGTON: The U.S. economy grew at a 2.5 percent annual rate from April through June, an improvement from the first three months of the year. But economists are worried that growth may now be...
View ArticlePostmaster: Money woes behind rate hike request
WASHINGTON: The postmaster general says the Postal Service has no choice but to ask for an emergency rate hike given the agency’s dire finances.Patrick Donahoe testified on Capitol Hill Thursday, the...
View ArticleState says methane in Portage County water well is naturally occurring, not...
A state investigation has determined that methane or natural gas in drinking water in northeast Portage County is naturally occurring, not tied to nearby drilling.The Ohio Department of Natural...
View ArticleU.S. unemployment benefit applications dip to 339,000
Associated PressThe Labor Department says the less volatile four-week average fell 5,750 to 344,000. The average has dropped 11 percent in the past year.Applications, which are a proxy for layoffs, are...
View ArticleBusiness news briefs — Nov. 14
LOCAL BUSINESSWalsh aids entrepreneursWalsh University said it partnered with the Stark Entrepreneurship Alliance (SEA) to provide resources for entrepreneurs.The alliance brings together a group of...
View ArticleSilver Lake home improvement contractor sued by Ohio Attorney General
A Silver Lake home improvement contractor has been sued by Ohio Attorney General Mike DeWine on allegations that he failed to deliver and performed shoddy work.DeWine filed the lawsuit on Thursday...
View ArticleTarget scores products to bring sustainability to forefront
Emboldened by consumers demanding safer, sustainable products, Target Corp. has created environmental benchmarks for thousands of popular items — from baby lotion to dish detergent.The...
View ArticleYellen says Fed should not withdraw stimulus too soon
WASHINGTON: Janet Yellen, the nominee for chairman of the Federal Reserve, told Congress Thursday she is committed to promoting a strong economic recovery and will ensure monetary stimulus isn’t...
View ArticleFederal representatives offer help in Lockheed Martin’s Akron plant closure
Ohio’s two senators and Akron-area congressional representatives expressed surprise and sadness Thursday in reaction to the news that Lockheed Martin Corp. is planning to close its Akron campus.They...
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