Former Progressive Corp. CEO dies
MAYFIELD VILLAGE: Peter Lewis, who shepherded Progressive Corp. from a small-time operation to one of the largest auto insurers in the country and later became the billionaire backer of marijuana...
View ArticleFirstEnergy workers in Pennsylvania reject contract; lockout to start Monday...
Union workers at a FirstEnergy Corp. facility in Pennsylvania voted Sunday to reject a proposed contract and a lockout will begin at 7 a.m. today.Managers and supervisors will take over the duties...
View ArticleStudy compares home ownership for older Americans
Older Americans who own a home are much wealthier and generally healthier than those who rent, a new study says.The median wealth for older homeowners, those ages 65 and older, is $273,000, with about...
View ArticleFirstEnergy enters day one of first lockout in utility’s history
FirstEnergy Corp. began its first day of a lockout of 142 union employees in central Pennsylvania on Monday.The lockout is believed to be the first in history for both FirstEnergy and the former...
View ArticleHealth Bulletin Board: Longtime counselor honored
A longtime counselor and administrator at Child Guidance & Family Solutions recently received statewide recognition for nearly three decades of work.Thelma Greaser, 65, this month earned this...
View ArticleBusiness news briefs — Nov. 25
LOCAL BUSINESSNew brass at Akron BrassAkron Brass Co., the Wooster-headquarted maker of nozzles, water cannons, monitors, valves and other firefighting/emergency response products, has appointed Sean...
View ArticleJudge OKs $84.9 million payout in Pilot Flying J scandal involving Browns owner
LITTLE ROCK, ARK.: A federal judge in Arkansas approved a settlement Monday that pays $84.9 million to 5,500 trucking companies who were cheated out of promised rebates by Pilot Flying J, the nation’s...
View ArticleWalmart CEO to step down; McMillon is successor
BENTONVILLE, ARK.: Wal-Mart Stores Inc. CEO and President Mike Duke plans to step down Feb. 1. The company said Monday that Doug McMillon, head of international operations, will succeed him.Duke, 63,...
View ArticleFiat says no Chrysler public stock offering in 2013
FLORENCE, ITALY: Chrysler won’t be offering its stock for sale on the public markets this year.Italian automaker Fiat SpA, Chrysler’s majority owner, said in a statement Monday that Chrysler’s board...
View ArticleNew Jersey OKs statewide Internet gambling for 6 casinos
ATLANTIC CITY, N.J.: New Jersey gambling regulators gave six casinos the green light to offer Internet gambling statewide on Monday.The state Division of Gaming Enforcement’s decision, which came after...
View ArticleAkron rezones former Bridgestone property to try to attract new development
If you rezone it, they will come.That’s Akron’s dream for 84 acres of property containing former Bridgestone properties off of Firestone Parkway.Akron City Council voted Monday to change the zoning on...
View ArticleGroup to resume quarterly water testing in Portage County
Concerned Citizens Ohio is resuming its water testing on a quarterly basis on Sunday. The water samples can be brought to Sand Hill Stable at 4311 State Route 303 just west of state Route 44 in Portage...
View ArticleIran nuke deal could push oil prices lower
NEW YORK: Oil prices could be headed lower after the preliminary nuclear deal between Iran and six world powers, even though it does not allow Iran to export more oil.In the short term, the deal may...
View ArticleProfits decline slightly at parent of Sterling Jewelers
Signet Jewelers Ltd., the parent of Sterling Jewelers, which is headquartered in Akron and operates Kay and Jared stores, on Tuesday reported a slight decline in profits for the third quarter, but an...
View ArticleJobless rates in Summit County fall in October but remain higher than a year ago
The unemployment rates in Summit County and its two largest cities fell in October but were higher than a year ago.Summit County’s unemployment rate was 6.8 percent in October, down from 7 percent in...
View ArticleU.S. consumer confidence falls to 7-month low
WASHINGTON: U.S. consumers’ confidence in the economy fell in November to the lowest level in seven months, dragged down by greater concerns about hiring and pay in the coming months.The Conference...
View ArticleOilfield company to pay $253 million to settle bribe case
WASHINGTON: The oilfield services company Weatherford International has agreed to pay more than $250 million to settle federal charges that it bribed officials in the Middle East and Africa to win...
View ArticleSmall-business nominations sought for award
The U.S. Small Business Administration is seeking nominations from the public for “exceptional entrepreneurs.”Small-business owners and entrepreneurs are to be honored with various awards during the...
View ArticleSDMyers earns award from human resources organization
SDMyers of Tallmadge, which provides maintenance for power transformers and substations, has received its first NorthCoast 99 designation as one of Northeast Ohio’s Top 99 places to work.The awards,...
View ArticleU.S. banks earn $36 billion in third quarter
WASHINGTON: U.S. banks earned less in the July-September quarter than they did a year earlier, marking their first year-over-year profit decline since the spring of 2009 when the country was still...
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