Goodyear managers in France freed
PARIS: The two executives of Goodyear’s French unit held hostage for two days by a union over a plant closure were freed after police intervened.Goodyear had refused to open talks with the union until...
View ArticleU.S. power grid operator urges electricity conservation due to cold weather...
VALLEY FORGE, PA: Electricity demand has spiked across central and eastern states hit by severe cold, and power grid authorities are asking people to conserve energy when possible.Officials with PJM...
View ArticleWinter blast strands some airline travelers in Cleveland and Akron
The cold weather took its toll on flights at Cleveland Hopkins International Airport and has had a more limited impact at Akron-Canton Airport.The cancellations were not due to weather conditions in...
View ArticleUtilities urge customers to cut back on electricity and natural gas use
The frigid outdoor temperatures were not the only records broken — we also consumed a record amount of electricity.The rapid consumption of electricity to fend off the cold and boredom sent power...
View ArticleSony to begin testing Internet-based TV service
LAS VEGAS: Sony said Tuesday it will begin testing an Internet-based television service this year, challenging traditional cable and satellite providers.The product will combine live programs with an...
View ArticleBusiness news briefs — Jan. 7
LOCAL BUSINESSYRC will refinance debtYRC Worldwide Inc., the U.S. trucking company that averted bankruptcy in 2011, is seeking $1.15 billion in loans to refinance debt, Bloomberg News reported.Credit...
View ArticleLeading indicators show jobs may grow in Akron metro area
The Akron-area job market may be one of the few things to show any heat so far this early winter.Leading economic indicators for the two-county Akron metropolitan area suggest moderate jobs growth...
View ArticleSchulman opens year by buying business and upping earnings forecast
Fairlawn polymer company A. Schulman Inc. is celebrating the start of the new year with an acquisition, a strong first quarter and higher anticipated earnings for the full year.Shares of Schulman on...
View ArticleStocks end three-day decline
NEW YORK: Stocks rose Tuesday, snapping a three-day retreat, as hospital and health-insurance stocks rallied ahead of Friday’s employment report and the start of fourth-quarter earnings season this...
View ArticleJPMorgan to pay over $2.5 billion in Madoff fraud
NEW YORK: JPMorgan Chase & Co., already beset by costly legal woes, will pay more than $2.5 billion for ignoring obvious warning signs of Bernard Madoff’s massive Ponzi scheme, authorities said...
View ArticleSurvey: U.S. companies add 238,000 jobs, most in year
WASHINGTON: A private survey shows U.S. businesses added the most jobs in a year in December, powered by a big gain in construction jobs. The figures add to evidence that the economy gained momentum at...
View ArticleBackers to discuss Ohio shale well tax proposal
COLUMBUS: Lawmakers will hear from backers of a proposal to increase taxes on horizontally drilled shale wells in Ohio.The measure to be discussed at a hearing Wednesday is supported by Ohio’s oil and...
View ArticleRPM increases earnings outlook after strong quarterly showing
RPM International Inc. is boosting its full-year earnings estimates 13 percent to 15 percent following strong second-quarter results.The Medina maker of coatings, sealants and related products reported...
View ArticleCalifornia company moving to Akron to develop stroke treatment
A northern California-based biomedical company that’s developing an emergency treatment for stroke patients is relocating its business operations in Akron.Nervive Inc. is opening its international...
View ArticleMacy’s cutting 2,500 jobs in reorganization
CINCINNATI: Macy’s Inc. is cutting 2,500 jobs as part of a reorganization to sustain its profitability.The announcement comes on the heels of a strong holiday shopping season for the department store...
View ArticleBusiness news briefs — Jan. 8
LOCAL BUSINESSNatural gas price increasesThe monthly natural gas price for residential customers who have chosen Dominion’s Standard Choice Offer (SCO), or those who don’t choose their own supplier,...
View ArticleJudge’s order finalizes $1.15 billion judgment against paint companies
Sherwin-Williams Co. of Cleveland, NL Industries Inc. and ConAgra Grocery Products LLC were ordered by a judge to pay $1.15 billion to replace or contain lead paint in millions of homes after losing a...
View ArticleFlorida company buys large area insurance agency
A Florida company that buys and invests in insurance companies nationwide has acquired longtime area insurance agency Leonard Insurance Services Inc., one of the largest independent agencies in...
View ArticleAkron appetizer company to build at new site
The maker of iconic Akron appetizer Bunny B sauerkraut balls will remain in its hometown and plans a new building for the city-owned Ascot Industrial Park.Officials with the company, Or Derv Foods...
View Article