FirstEnergy lays off 142; 56 in Akron
FirstEnergy Corp. on Thursday laid off 142 employees, including 56 in the Akron area.The plans for the layoffs, with no details, were originally disclosed in late September. At that time, the...
View ArticleU.S. economy adds 171,000 jobs, rate rises to 7.9 percent
WASHINGTON: U.S. employers added 171,000 jobs in October and hiring was stronger over the previous two months than first thought. The unemployment rate inched up to 7.9 percent from 7.8 percent in...
View ArticleFederal Trade Commission hangs up on robocalls from ‘Rachel’
‘‘Rachel from Cardholder Services’’ may not be calling you anymore.A federal court order Thursday morning temporarily halted operations at five telemarketing firms that the Federal Trade Commission...
View ArticleYRC shows 3rd-quarter profit
Trucking company YRC Worldwide Inc., which has Summit County operations, reported third-quarter financial results Friday showing net profit of $3 million, or 40 cents a share. That compared with a loss...
View ArticleCruze sales for October up 34% over 2011
LORDSTOWN: October sales of the Lordstown-built Chevrolet Cruze were up 34 percent over last year, continuing three consecutive months of exceptional sales.Overall, there were 19,121 models sold in...
View ArticleEPA finds Hyundai, Kia overstated gas mileage
DETROIT: Hyundai and Kia overstated the gas mileage on most of their models from the past three years in an embarrassing blunder that could bring sanctions from the U.S. government and millions of...
View ArticleDriller says it’s thrilled with Ohio shale results
Chesapeake Energy Corp. is still in love with the liquids-rich Utica shale in eastern Ohio.It is eyeing Carroll, Harrison and Columbiana counties as Ohio’s “core of the core” where the Oklahoma energy...
View ArticleBetty Lin-Fisher: Probate project proves helpful for area families
John Argabright knew it was a good idea and maybe past due for his 100-year-old father to take care of some personal legal obligations. But the 75-year-old Norton man didn’t realize just how soon....
View ArticleFederal Reserve’s monetary policies can affect mutual funds
Q: My wife and I are both in our 70s. We have a considerable amount of money invested in the Vanguard GNMA mutual fund. How will the latest move by the Federal Reserve to purchase mortgage bonds affect...
View ArticleDoes It Work? Tell us what you think about these products
The “Does It Work?” team — food writer Lisa Abraham, home writer Mary Beth Breckenridge and consumer writer Betty Lin-Fisher — is getting ready for another round of product reviews, to be published...
View ArticleBanks still cautious on mortgage lending, Fed survey finds
WASHINGTON: Interest rates are at record lows, house prices are starting to creep higher, and foreclosures have dropped, but banks aren’t making it any easier to get a mortgage, according to the latest...
View ArticleBusiness news calendar — Nov. 4
TuesdayToastmasters Akron 151 — 6:30-8 p.m., Summa St. Thomas Hospital, 444 N. Main St., Akron. Information: 330-733-7683.Northeast Ohio Business Alliance — 7:30-9 a.m., Real Estate Capital Partners,...
View ArticleTraditional retailers square off with online competitors for holiday dollars
The battle is on between bricks-and-mortar retailers and their increasingly potent Internet adversaries.Frustrated by once-loyal customers who have been wooed away by online merchants, retailers are...
View ArticleLush paydays in a dairy industry consolidation
There was a time not long ago when Gregg L. Engles was considered a genius in the dairy industry, a shrewd CEO who had cobbled together a string of local businesses to create the nation’s largest milk...
View ArticleSony keeping TVs like GM’s Oldsmobile sends shares reeling
Sony Corp. Chief Executive Officer Kazuo Hirai is treating his TV unit like another Chrysler Group LLC: An ailing business that can be revived with sufficient cash. Investors say it’s more like General...
View ArticleHyundai adds new Elantra hatchback
The new-for-2013 Hyundai Elantra GT hatchback is a stylish, fuel-sipping, nimble car with surprisingly quiet interior and luxury touches that include a huge panoramic sunroof and a sliding center...
View ArticleTruck driver jobs hard to fill even in bad economy
SAVANNAH, GA.: Tribe Transportation is a growing company that just added 10 new trucks to its tractor-trailer fleet. The problem has been hiring people to drive them.So far the Georgia company has...
View ArticleJapan’s top TV makers still hurting
Panasonic, Sony and Sharp might cut full-year earnings estimates by a combined $1.7 billion as restructuring costs and falling demand hamper recoveries by Japan’s top three TV makers.The sluggish...
View ArticleHow to correct identity mistakes
Q: I applied for a Social Security card for my baby at the hospital, but the card came back with a misspelled name. What should I do to correct this?A: Find at least two original documents proving your...
View ArticleEconomist says end of yield difficulties is far away
If Lacy Hunt was into making bumper sticker-style sound bites, his would be a riff on James Carville’s “It’s the economy, stupid.”The Hunt sound bite would simply say: “It’s the debt, stupid.”But Dr....
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