U.S. retail sales rise 0.7 percent, most in 5 months
WASHINGTON: U.S. consumers ramped up spending in November on cars, appliances and furniture and made more purchases online, signaling growing confidence in the economy at the start of the holiday...
View ArticleStocks fall for 3rd straight day
NEW YORK: Wall Street’s third down day in a row sent stocks to their lowest levels in a month. Until this month, stocks had risen for eight weeks straight. But stocks posted their biggest declines in...
View ArticleLabor group sees progress at major Apple supplier
SAN FRANCISCO: A labor group monitoring three Chinese factories that make iPhones and other Apple products says oppressive working conditions have steadily improved in the last 18 months, but more must...
View ArticleBusiness news briefs — Dec. 12
LOCAL BUSINESSRJF names chief executiveRJF International Corp., the Fairlawn-headquartered wall-covering manufacturer, has promoted Richard Runkel to chief executive officer. He replaces John Baechle,...
View ArticleGroup says rising taxes hurt travel industry
CLEVELAND: With the new convention center, the opening of the Global Center for Health Innovation, the Horseshoe Casino and a new hotel on the way in downtown Cleveland, the region is supposed to be...
View ArticleRecord prices for bacon are poised to drop
With bacon gracing everything from muffins to milkshakes, U.S. prices are poised to retreat from an all-time high as the fad wanes and pork supply rebounds after last year’s historic drought.Retail...
View ArticleVW replaces head of struggling U.S. division
FRANKFURT: Volkswagen said Thursday it was replacing the head of its U.S. division, which has struggled to reach sales goals.The company said Jonathan Browning, 54, was leaving his job as president and...
View ArticleNortheast Ohio car dealers expect 2013 sales to be best in years
Northeast Ohio car dealers expect 2013 will finish as the best sales year since the depths of the Great Recession.November sales in the region outpaced a year ago — and sales since Jan. 1 are doing...
View ArticleSumma lays off 25 more this week
Summa Health System laid off 25 managers this week in the latest round of workforce reductions at Summit County’s largest employer.Summa spokesman Mike Bernstein said the health system notified the...
View ArticleU.S. wholesale costs fall for third month on cheap gas
WASHINGTON: U.S. wholesale prices dropped in November for the third consecutive month, pushed down again by cheaper gasoline and lower home heating oil costs. But excluding volatile energy costs,...
View ArticleGE electrical R&D center opens in Southwest Ohio
DAYTON, OHIO: GE Aviation and the University of Dayton are marking the grand opening of a $53 million electrical power research and development center in Southwest Ohio.State and local officials...
View ArticleBusiness news briefs — Dec. 13
Local BUSINESSIncubator receives state helpThe Akron Global Business Accelerator, one of 12 incubators supported by the state, has been awarded $500,000 through the Ohio’s Third Frontier Incubation...
View ArticleGM’s new leaders survived darkest days
They all had easier, safer options, but they chose to stay with the ship. Now they are the team that will lead General Motors Co. into its next era.Mary Barra, Mark Reuss and Alan Batey stuck with GM...
View ArticleStocks mixed after three-day downturn
NEW YORK: The rally that has driven stocks to record highs paused this week as investors tried to figure out where things are headed next.Stocks were mixed on Friday and posted their second weekly loss...
View ArticleNew merged airline CEO seeks to top $1 billion goal
Doug Parker, taking over the new American Airlines Group Inc., wants to beat a $1 billion goal for added revenue and savings in the AMR Corp.-US Airways Group Inc. merger and is about to start meshing...
View ArticleAfraid of stocks? Take a simple approach
A recent Allstate/National Journal Heartland Monitor national survey asked 1,000 adults about their financial knowledge, participation and confidence in the future.One finding in particular was...
View ArticleLocksmith opens door to new location in Akron
A longtime downtown Akron business is unlocking a new chapter in its 105-year history.J.R. Shoup LLC is relocating its locksmith business from its small building adjacent to the Akron Children’s...
View ArticleMary Barra joins small group of women CEOs at Fortune 500 companies
Mary Barra, named by General Motors last Tuesday as its next CEO, will be the first woman to run a major automobile maker. She joins just 22 other female CEOs among U.S. companies in the Fortune 500....
View ArticleInvestor in Jimmy Haslam’s Pilot prepares to sell stake
CVC Capital Partners Ltd. told investors it plans to sell its remaining stake in Pilot Travel Centers LLC to the U.S. gas station operator’s majority owner.CVC, Europe’s largest leveraged-buyout firm,...
View ArticleHighest 35 years of earnings generate Social Security calculation
Q: My neighbor and I are both retired and get Social Security. We worked for the same employer for years, but he gets a higher Social Security benefit. Why is that?A: Payments are based on earnings...
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