Stocks end day mostly flat in quiet trading
NEW YORK: Wall Street’s six-day rally stalled out on Friday as stocks ended the day mostly flat in quiet trading.Bond yields continued to rise. The yield on the 10-year Treasury note climbed above the...
View ArticleDowntown McDonald's future unclear
The future of a new McDonald’s location near downtown is unclear and might depend on whether a developer is interested in what will soon become a larger parcel of land.Akron City Council recently...
View ArticleCEO of Hyundai’s North America operations resigns
John Krafcik, the president and CEO of Hyundai Motor America, is stepping down next week after five years at the helm, the company announced Friday.David Zuchowski, the current executive vice president...
View ArticleApple’s IOS defeats Android in battle of Christmas Day shopping
Here’s one category where Android is still no match for Apple: mobile shopping.On Christmas Day, Apple’s iOS devices were used to make 23 percent of all e-commerce orders, according to a report from...
View ArticleMunroe-Falls, Stow McDonald’s get upgrades
The Golden Arches in Munroe Falls has a new look inside.Owner-operator Sal Baglieri said he wanted something updated from the previous baseball motif.“We wanted a more refreshing, straightforward...
View ArticleThe Peanut Shoppe of Akron: 80 years and still roasting
The Peanut Shoppe was there on South Main Street when the streets of downtown Akron bustled with streetcars and workers from prosperous rubber companies.It was there still, when the streets were...
View ArticleStocks barely budge in quiet end-of-year trading
NEW YORK: The stock market ended a quiet Monday mostly where it began as investors shut their books for what has been an extraordinary year on Wall Street.Traders had little corporate or economic news...
View ArticleBargain hunters get good deals as last former Rolling Acres mall store closes
The last retail holdout at the former Rolling Acres mall is now closed.Customers looking for one last bargain on the last day of business for JC’s 5 Star Outlet waited in Black Friday-like lines with...
View ArticleBusiness news briefs — Dec. 31
RETAILTarget has new problemTarget said Tuesday that an unidentified number of gift cards sold over the holidays were not properly activated. The Minneapolis chain says the number of cards affected was...
View ArticlePredictions from market experts for 2014
NEW YORK: It is an understatement to say stock market investors had a good year in 2013. The Standard & Poor’s 500 index soared 28 percent, its best year since 1997. Including dividends, it gained...
View ArticleOhio’s 245 Utica shale wells producing at a rate of $1 billion a year
The typical Utica shale well in eastern Ohio produced 137,168 thousand cubic feet of natural gas and 5,439 barrels of liquids from July through September, according to a new report released Tuesday by...
View ArticleS&P 500 index has its best year since 1997
NEW YORK: The stock market closed out a record year with more all-time highs on Tuesday, giving U.S. indexes their biggest annual gains in almost two decades.The Standard & Poor’s 500 index notched...
View ArticleYen falls 17% against dollar in 2013
The yen saw its biggest annual drop against the dollar since 1979 amid speculation the Bank of Japan will maintain stimulus to support Prime Minister Shinzo Abe’s economic strategy.The yen fell 17...
View ArticleStock market resolutions for 2014
NEW YORK: The year 2013 was great for the average investor, but few market strategists believe that 2014 will be anywhere near as good. The simple strategy of buying U.S. stocks, selling bonds and...
View ArticleFederal jobless benefit cuts affect thousands in Ohio
The start of 2014 is seeing thousands of Ohio residents losing long-term emergency unemployment benefits. More than 2,000 Summit County residents likely saw their long-term unemployment benefits end...
View ArticleWeekly U.S. unemployment benefit claims fall to 339,000
WASHINGTON: The number of Americans seeking unemployment benefits dipped 2,000 last week to a seasonally adjusted 339,000, evidence that layoffs are low and hiring will likely remain steady.The Labor...
View ArticleArchiver’s stores to close nationwide
Avid scrapbookers will lose a store dedicated to their hobby in mid-February when Archiver’s closes its 33 locations nationwide, including a store in Fairlawn.The memory craft business announced its...
View ArticleOhio minimum wage going up by 10 cents in 2014
TOLEDO, OHIO: Ohio’s minimum wage is increasing again and with it should come a boost to about 300,000 low-wage earners, according to one policy group’s estimate.The minimum wage rose 10 cents to $7.95...
View ArticleAverage U.S. rate on 30-year loan at 4.53 pct.
WASHINGTON: Average U.S. rates for fixed mortgages edged higher this week for the third straight week but remained low by historical standards.Mortgage buyer Freddie Mac said Thursday that the average...
View ArticleU.S. manufacturing expands at solid pace in December
WASHINGTON: U.S. manufacturing grew at a healthy pace in December as factories stepped up hiring and received more orders. The expansion suggests solid growth at the end of the year.The Institute for...
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