What’s a bitcoin? A look at the digital currency
Digital currencyQ: What is a bitcoin?A: Bitcoin is an online currency that allows people to make one-to-one transactions, buy goods and services and exchange money across borders without involving...
View ArticleAkron-area officials travel to Cuba to study community health-care practices
A group of government, hospital, academic and public-health leaders from the Akron area recently traveled to Cuba to learn ways to improve local medical care.Why Cuba?“What I wanted to do was put...
View ArticleBusiness news briefs — Feb. 26
LOcal BuSINESSInsurer stays silent on offerExecutives at Richfield specialty insurer National Interstate Corp. declined to comment on a pending tender offer as part of an industry analyst conference...
View ArticleChesapeake misses profit expectation
Chesapeake Energy Corp., the second-largest U.S. natural gas producer, missed analysts’ profit estimates by the biggest margin in almost two years as energy prices fell and costs to exit leases and cut...
View ArticleFalling pension costs aid Goodyear rating
Goodyear Tire & Rubber Co.’s speculative-grade credit ratings are poised to rise as the world’s third-largest tire company cuts pension costs and benefits from growing auto sales and falling rubber...
View ArticleHonda ends Insight hybrid as sales trail Prius
Honda will end production of its Insight model, the first hybrid vehicle introduced in the United States, after Insight demand plunged and sales lagged behind Toyota’s Prius.Honda informed dealers in...
View ArticleMcDonald’s manager in Green is among nation’s top 1 percent
Last year, when the top three executives from McDonald’s corporate office visited the Green fast-food restaurant, local McDonald’s owner/operator John Blickle introduced the store manager as one of the...
View ArticleTarget exceeds profit estimates as it copes with data breach incident
Target on Wednesday posted fourth-quarter profit that topped analysts’ estimates, signaling that it’s regaining customer loyalty after a data breach affected tens of millions of shoppers at the peak of...
View ArticleJustices weigh Munroe Falls drilling dispute
Who will control gas and oil drilling in Ohio was the central question Wednesday as the Ohio Supreme Court heard arguments in a Summit County case that could have major ramifications across the...
View ArticleApplications for U.S. jobless benefits rise to 348,000
WASHINGTON: The number of people applying for U.S. unemployment benefits rose 14,000 last week to a seasonally adjusted 348,000, though the broader trend in applications remained stable.But the...
View ArticleLongtime customer acquires Wadsworth yarn store
This loyal customer now owns the store.Tammy Richards, a longtime customer of Sally’s Shop, a yarn, spinning and weaving store at 141 College St. in downtown Wadsworth, now owns the place. She acquired...
View ArticleBusiness news briefs — Feb. 27
AUTO INDUSTRYNHTSA studies GMThe National Highway Traffic Safety Administration has launched a probe into why General Motors Co. did not promptly recall more than 1.6 million vehicles after it learned...
View ArticleCarter Lumber store in Medina being consolidated into Akron site
Carter Lumber, the chain of building materials stores, is moving its store operations in Medina County to the company’s original location on Case Avenue in east Akron.The Akron store, at 172 N. Case...
View ArticleAnother acquisition for Davey Tree
The Davey Tree Expert Co. of Kent continues to expand through acquisition, disclosing that it now owns Cortese Tree Specialists of Knoxville, Tenn.Cortese Tree Specialists has about 15 to 20 employees...
View ArticleBath human resources firm acquires Beachwood consulting staff
Staffing and consulting company Willory LLC of Bath Township, which provides temporary and permanent workers in human resources and payroll, announced it has purchased the staffing division of the...
View ArticleB&W expects Power Generation division revenue to rebound in 2015
Babcock & Wilcox Co.’s Power Generation Group business has been hurt by slow electricity demand and low natural gas prices, the company’s top executive said Thursday.B&W’s Power Generation...
View ArticleFormer Ohio Brewing site in downtown Akron sold at auction; two other...
The owner of Zar Nightclub in downtown Akron bought the site of the former Ohio Brewing Co. in the old O’Neil’s department store for $155,000 at auction Thursday.Jeff Lorenzo said minutes after the...
View ArticleKnight Foundation questions UPA, Akron leadership
Documents filed this week in a lawsuit over housing near the University of Akron exposed a fight involving one of the nation’s largest charitable foundations, Akron leaders and the former director of...
View ArticleU.S. economy expands at 2.4 percent in fourth quarter
WASHINGTON: The U.S. economy grew at a 2.4 percent annual rate in the October-December quarter, significantly slower than first thought, reflecting slower consumer spending than initially estimated.The...
View ArticleFirstEnergy spending more on Md., W.Va. lines
WILLIAMSPORT, Md.: FirstEnergy Corp. says it plans to more than double its spending on projects to improve the reliability of electrical power to Potomac Edison customers in parts of Maryland and West...
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