Five top business tycoons want to close the wealth gap
As the middle class struggles to make gains and President Barack Obama strives to shine a spotlight on the issue of income inequality, an unlikely constituency is looking for ways to close the nation’s...
View ArticleCompany gains indicate slight overall growth; Summa stays on top in job count
Summit County’s largest employer, Summa Health System, keeps growing despite local hospital competition and health-reform challenges.Employment at Summa — including its Akron City Hospital and...
View ArticleOhio gas prices up again to start week
COLUMBUS: Prices at the gas pump in Ohio are up again.The cost for a gallon of regular gas in Ohio was averaging $3.53 in Monday’s survey from auto club AAA, the Oil Price Information Service and WEX...
View ArticleState tax commissioner to hold information session in Medina
MEDINA: Ohio Tax Commissioner Joe Testa, in conjunction with the governor’s State of the State speech today, is holding an information session at 3:30 p.m. with local county and community leaders to...
View ArticleStocks back in record territory after deal news
NEW YORK: The Standard & Poor’s 500 index is back in record territory after the latest round of corporate deals made investors more confident.RF Micro Devices jumped 16 percent after the chipmaker...
View ArticleEBay responds to Icahn, says sticking with PayPal
NEW YORK: EBay and activist shareholder Carl Icahn are continuing their war of words over PayPal.The billionaire has been pressuring the e-commerce company to spin off the online payment business. But...
View ArticleHealth Bulletin Board: AxessPointe offers free insurance help
As the final month of open enrollment for new health insurance plans approaches, a local sliding-scale health center is offering a free event to help people get coverage.AxessPointe Community Health...
View ArticleBusiness news —Feb. 25
LOCAL BUSINESSSpirit of Goodyear retiresThe Spirit of Goodyear blimp has retired after 14 years of service.The airship, once a common sight in Akron-area skies, flew from its Northeast Ohio base to...
View ArticleTaco Bell takes aim at McDonald’s with breakfast
NEW YORK: Egg McMuffin, meet the Waffle Taco.Taco Bell is readying for the launch of its national breakfast menu on March 27, with items such as the A.M. Crunchwrap designed to appeal to its fan base...
View ArticleSeveral new phones coming, but all eyes on Samsung
BARCELONA, SPAIN: Sony unveiled a waterproof phone that can take ultra-high-definition video. Nokia introduced three Android smartphones aimed at emerging markets. Lenovo announced one with an...
View ArticleOhio reaching out to minority-owned businesses; division chief in Akron
Ohio has never reached its goal — established in state law in 1980 — of awarding 15 percent of eligible contracts to minority-owned businesses.More needs to be done, though the state’s performance is...
View ArticleLarger remodeled Acme in Montrose is ready
BATH TWP.: House-smoked meats, grind-your-own peanut butter and local honey on tap are just a few of the food delights awaiting customers at the newly renovated Acme Fresh Market in the Montrose...
View ArticleHome Depot boosts dividends as income falls
ATLANTA: Home Depot’s fourth-quarter net income dipped 1 percent, hampered by bad winter weather and one less week in the period than a year ago.Still, cost cuts helped earnings top Wall Street’s...
View ArticleComcast deal with Netflix shows cable rules in video streaming
Those House of Cards binges may soon be going down easier, at least when it comes to how quickly they arrive over the Web. Just don’t ask how much that’s costing Netflix — or how much it might one day...
View ArticleFair Finance collections fall short as bankruptcy case hits 4th anniversary
The judge overseeing the 4-years-long Fair Finance Co. bankruptcy proceeding indicated she is not happy with the amount of money the trustee’s team has recovered for the estate.The trustee has won...
View ArticleBusiness news briefs — Feb. 25
AUTO INDUSTRYTesla sedan receives awardThe Tesla Model S electric sedan is Consumer Reports’ top pick in this year’s automotive rankings.The magazine cited the Model S’s sporty performance and...
View ArticleDow Jones ends down 27 points
NEW YORK: Stocks were unable to find any momentum on Tuesday. The market drifted between gains and losses throughout the day, then headed steadily lower in the last hour of trading.Investors found some...
View ArticleFirstEnergy shows $142 million profit
FirstEnergy Corp. of Akron on Tuesday reported net income of $142 million for the fourth quarter, a turnaround from the same period a year ago when the power company lost $148 million.Earnings per...
View ArticleMacy’s profit up 11 percent; sales miss forecasts
Macy’s Inc.’s fourth-quarter profit rose 11 percent, but the department store chain suffered a sales shortfall because a string of winter storms chilled business in January.The results released Tuesday...
View Article‘Appalled’ mutual fund firm opposes National Interstate tender offer
Mutual fund company T. Rowe Price Associates Inc. will not offer its significant stock holdings for sale in the proposed buyout of Richfield specialty insurer National Interstate Corp. by...
View Article