Business news briefs — Nov. 20
LOCAL BUSINESSCarter opens Georgia storeCarter Lumber announced the opening of the company’s first store in the Atlanta market. The company said it purchased the Athens Building Supply location in...
View ArticleSterling parent buys diamond polishing, cutting facility in Botswana
Signet Jewelers Ltd., parent of Akron-headquartered Sterling Jewelers Inc., has bought a diamond polishing and cutting facility in Gaborone, Botswana, as it seeks to ensure more consistent,...
View ArticleSmucker shares fall on lowered outlook
Shares in coffee, jam and peanut-butter maker J.M. Smucker Co. fell sharply Wednesday after the Orrville company missed earnings estimates and lowered its revenue outlook for fiscal 2014.Smucker...
View ArticlePatient names forever part of new Akron Children’s Hospital building
There are names the doctors, therapists, nurses, cafeteria workers, volunteers and others at Akron Children’s Hospital never forget.Certain patients and their families forever touch the lives of the...
View ArticleU.S. unemployment benefit applications drop to 323,000
WASHINGTON: The number of people applying for U.S. unemployment benefits fell 21,000 to a seasonally adjusted 323,000 last week, the lowest since late September and further evidence of an improving job...
View ArticleJury orders Samsung to pay Apple $290 million
Associated PressSAN JOSE, Calif. (AP) — A Silicon Valley jury on Thursday ordered Samsung Electronics to pay Apple $290 million for copying vital iPhone and iPad features.The verdict covers 13 older...
View ArticleSummit home sales up 9.2 percent
From staff and wire reportsFewer Americans nationwide bought existing homes in October, as higher mortgage rates, the 16-day partial government shutdown and a limited supply of houses on the market...
View ArticleSequoia Financial, Cohen & Co. move to Embassy Parkway offices
Sequoia Financial Group and accounting firm Cohen & Co., related businesses in downtown Akron, needed room to grow.And the end of a 10-year lease was approaching, recalled Tom Haught, founder and...
View ArticleDow average closes above 16,000 for the first time
NEW YORK: The Dow Jones industrial average finished above 16,000 for the first time Thursday as the blue-chip index races toward its best performance in a decade.The Dow has been on fire lately,...
View ArticleBusiness news briefs — Nov. 21
LOCAL BUSINESSRealtor board chief namedSandy Naragon is the new CEO of the Akron Cleveland Association of Realtors, the group that is the merger of the Cleveland Area Board of Realtors and Akron Area...
View ArticleFirstEnergy could lock out 140 Pennsylvania workers if contract is not...
Union workers at a FirstEnergy Corp. facility in Pennsylvania face a lockout Monday if a proposed contract is not ratified by Sunday.The Utility Workers of America Local 180, which represents 142...
View ArticleN.J. becoming third state to offer Internet gambling
ATLANTIC CITY, N.J.: A five-day trial period of Internet gambling began at 6 p.m. Thursday when players invited by casinos made bets online to test the systems.The test period was established to...
View ArticleHopkins Airport offers travel tips as season approaches peak days
CLEVELAND: Today marks the beginning of the Thanksgiving holiday travel season for many Northeast Ohioans.Cleveland Hopkins International Airport considers it one of its busiest days of the year and is...
View ArticleOhio auditor finds no conflicts at JobsOhio
COLUMBUS: The state auditor cited Republican Gov. John Kasich’s signature job creation office on Thursday for sloppy handling of ethics and conflict-of-interest procedures in its first year but cleared...
View ArticleOhio unemployment rate inches up in September, October
COLUMBUS: Ohio’s unemployment rate continued to move up in September and October.The state Department of Job and Family Services reported Friday that the rate was 7.4 percent in September and 7.5...
View ArticleS&P 500 index closes above 1,800 for first time
NEW YORK: The Standard & Poor’s 500 index is closing above 1,800 for the first time as encouraging news from the drug industry pushes stocks higher.The S&P 500 index rose nine points, or 0.5...
View ArticleBusiness news briefs — Nov. 22
LOCAL BUSINESSNew men’s clothing shopA new store called Destination XL and featuring men’s XL clothing has opened in the same plaza as JCPenney off state Route 18 (Medina Road) in the Montrose area of...
View ArticleNew study questions shale job data
Employment in the Utica and Marcellus shales has been greatly overstated by the drilling industry, according to a new study.The report looking at Ohio and four other states was released on Thursday by...
View ArticleOhio jobless rates continues slow rise, surpasses U.S. figure
Ohio’s jobless rate has risen slowly and steadily throughout 2013 and is now higher than the U.S. unemployment rate, the latest results released Friday show.The state’s unemployment rate for October...
View ArticleLocal toy makers want to be on the top of wish lists
uring this holiday season, two area manufacturers who sell toys worldwide bring new meaning to the “shop local” movement.The products are featured at big-box retailers, but they are designed, sold and...
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