Business news briefs — Dec. 18
LOCAL BUSINESSGoodyear promotes officialsGoodyear announced changes to its finance leadership team.Scott Honnold, vice president and treasurer, was elected vice president of business development. Tom...
View ArticleManagement changes announced at FirstEnergy Corp.
The retirement of longtime, high-ranking executive Mark T. Clark was among management changes announced by Akron-based FirstEnergy Corp. on Wednesday.Clark is executive vice president of finance and...
View ArticleFedEx second-quarter net income misses estimates
FedEx’s second-quarter profit missed analyst expectations as customers continued to shift toward cheaper ground-shipping options and away from overnight air.The shipping company’s net income rose 14...
View ArticleCatalogs.com turns the page on catalog trend, launches Dynalog
Whether consumers receive their favorites via mailbox or, increasingly, via inbox or on their iPads, they like the page-turning experience, said Richard Linevsky, who is part of the husband-wife team...
View ArticleFed will reduce bond purchases by $10 billion in January
WASHINGTON: The Federal Reserve has decided to reduce its economic stimulus because it believes the job market has shown steady improvement. The shift could lead to higher long-term borrowing interest...
View ArticleOwner of Victoria’s Secret asked to make Ohio’s image sexier
COLUMBUS: Ohio, known for heavy industry, is turning for marketing help to the owner of a company known for push-up bras.Gov. John Kasich on Wednesday said Les Wexner, founder of Columbus-based L...
View ArticleTarget says 40 million credit and debit card accounts might be breached
MINNEAPOLIS: Target says that about 40 million credit and debit card accounts may have been affected by a data breach that occurred just as the holiday shopping season shifted into high gear. The...
View ArticleWeekly U.S. jobless claims hit 8-month high of 379,000
WASHINGTON: The number of people seeking U.S. unemployment benefits rose 10,000 last week to a seasonally adjusted 379,000, the highest since March. The increase may reflect volatility around the...
View ArticleLockheed Martin ends Boy Scouts gifts over gay ban
Brett ZongkerAssociated PressWASHINGTON: Defense and aerospace giant Lockheed Martin is halting its donations to the Boy Scouts of America over the organization’s ban on gays serving as adult leaders...
View ArticleAverage U.S. rate on 30-year loan rises to 4.47 percent
WASHINGTON: Average U.S. rates for fixed mortgages rose slightly this week but remained near historically low levels.Mortgage buyer Freddie Mac says the rate on the 30-year loan increased to 4.47...
View ArticleU.S. mobile ad spending to soar, says eMarketer
Associated PressNEW YORK: Research firm eMarketer expects spending on mobile advertisements to hit nearly $9.6 billion in the U.S. this year, up from $4.4 billion in 2012 and from less than $1.6...
View ArticleGauge of economy’s health up 0.8 percent
WASHINGTON: A measure of the U.S. economy’s health posted a solid gain in November, suggesting momentum was building at the end of the year.The Conference Board said Thursday that its index of leading...
View ArticleU.S. existing-home sales drop for third consecutive month
WASHINGTON: The number of people who bought existing U.S. homes in November declined for the third straight month. Higher mortgage rates have made home-buying more expensive, while the lingering impact...
View ArticleSouth Carolina firm acquires Norton company
3D Systems Corp. of Rock Hill, S.C., has acquired Village Plastics Co. of Norton, which makes filaments — small diameter plastic rods — used in 3-D printing.3D Systems [NYSE: DDD] said it plans to use...
View ArticleBusiness news briefs — Dec. 19
WOMEN IN BUSINESSChamber schedules programThe Greater Akron Chamber will hold a program on women’s business issues Jan. 15. The presenter for Power Plays for Women: Get What You Want, Need and Deserve...
View ArticleCleveland company specializes in market segment consulting
CLEVELAND: When Brandmuscle CEO Phil Alexander took over a space big enough for 50 people in Beachwood, the landlord looked at the company’s four employees and wondered why he needed so much...
View ArticleGift-giving at work can be awkward
In the workplace, holiday gifting can have big implications. Buy too extravagant a gift for a boss and you look like a suck-up. Worse: Don’t buy a gift, and you could come off as unappreciative.Jason...
View ArticleA killer brownie by any other name is not
When Shakespeare’s Juliet said, “What’s in a name?” she clearly wasn’t talking about Killer Brownies. The past few days have been tense ones in local bakery cases over the use of that name. Most...
View ArticleHow to protect yourself
How to protect your identity and what to do if you become a theft victim: If you are a victim • Contact local police to file a report. • The Identity Theft Resource Center, a nonprofit agency in San...
View ArticleAnswers to questions about the Target data breach
NEW YORK: With less than a week until Christmas, a real-life Grinch has stolen the credit and debit card information of about 40 million Target shoppers.Target says anyone who made purchases by swiping...
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