AT&T, government reach deal on data plan complaints
NEW YORK: AT&T is agreeing to pay the federal government $700,000 and offer refunds to customers for mistakenly forcing some smartphone users into monthly data plans.In late 2009, AT&T began to...
View ArticleB&W to pay first dividend since spinoff starting in December
Babcock & Wilcox Co. is going to start paying its first dividend since being spun off in 2010 from Texas-based McDermott International Inc.The Charlotte, N.C.-based energy industry manufacturer,...
View ArticleBusiness news briefs — Nov. 7
LOCAL BUSINESSGoodyear receives honorNewsweek magazine says Goodyear is getting greener.The magazine ranked Goodyear Tire & Rubber Co. 74th on its “America’s Greenest Companies” list of the 500...
View ArticleEXPO DETAILS
2012 Northeast Ohio Entrepreneur Expo & JumpStart Community Meeting• When: 1 to 4 p.m. Tuesday .• Where: Cleveland State University Wolstein Center, 2000 Prospect Ave., Cleveland. (The expo is in...
View ArticleLocal man likes labels — electronic ones that is
Mark Lorkowski’s inspiration bubbled up when he reached for the case of soda on the shelf and noticed the price was too high.Turns out the shelf label was wrong.Fast forward two years. Lorkowski, 23,...
View ArticleMacy’s third-quarter net income rises, but Sandy impact looms
NEW YORK: Macy’s Inc. sent out a mixed message: It raised its annual profit guidance but told investors Wednesday that Superstorm Sandy would temper the start of the holiday season.The department store...
View ArticleOil falls to lowest level since July
The price of oil tumbled nearly 5 percent Wednesday, its biggest decline of the year, as traders shifted their focus back to the struggles of the global economy.Benchmark oil fell $4.27 to finish at...
View ArticleDow loses 313 in post-election sell-off
Wall Street greeted a second Obama term the way it greeted the first. Investors dumped stocks Wednesday in the sharpest sell-off of the year. With the election only hours behind them, they focused on...
View ArticleDriller pleased with results from wells tapping Utica shale in eastern Ohio
Gulfport Energy Corp. is so pleased with its first dozen Utica shale wells in eastern Ohio that the Oklahoma-based energy company is prepared to spend up to $225 million next year to drill 50...
View ArticleWeekly U.S. jobless claims down to 355,000 last week
WASHINGTON: The number of people seeking unemployment benefits fell last week by 8,000 to a seasonally adjusted 355,000, a possible sign of a healing job market. But officials cautioned that the...
View ArticleBusiness news briefs -- Nov. 8
AgriCULTUREFund for farmersThe Ohio Ecological Food and Farm Association and a group of Ohio investors are launching a loan fund for entrepreneurs and small- and mid-size sustainable and organic...
View ArticleThe fragile economic recovery is easily derailed, chamber audience hears
The nation’s fragile recovery in the aftermath of the Great Recession is endangered by radical political policies on the left and on the right, a Northeast Ohio economist says.“In September 2008, you...
View ArticleWal-Mart raises stakes for holiday season’s start with availability guarantee
Attention frustrated Black Friday shoppers who can never grab that hot product: Wal-Mart Stores Inc. is hoping to relieve some of that anxiety.The world’s largest retailer is throwing its doors open at...
View ArticleFirstEnergy profit falls 19.8 percent; plans to cut jobs
FirstEnergy is looking to trim up to 400 positions after its profit fell 19.8 percent in the third quarter. The electric utility blamed reduced sales margins from competitive operations, lower...
View ArticleWendy’s plans to increase U.S. stores by a third amid remodeling
Wendy’s Co., the burger chain that sold its Arby’s brand last year, could boost the number of U.S. locations the company operates by more than a third as it remodels restaurants with modern...
View ArticleChrysler to recall 919,000 SUVs to fix air bags
DETROIT: Chrysler is recalling more than 919,000 older-model Jeep Grand Cherokee and Liberty SUVs worldwide because the air bags can inflate while people are driving them.The recall affects Grand...
View ArticleMazda agrees to manufacture cars for Toyota at Mexican factory
Mazda Motor Corp., the only Japanese automaker that’s been unprofitable for the past four years, will build cars for Toyota Motor Corp. at a Mexico plant currently under construction.Production of the...
View ArticleComing up
SUNDAY: Consumer writer Betty Lin-Fisher will report on FTC crackdown against robocalls offering debt services.
View ArticleReport: Deals on foreclosed homes dwindling
The days of deals on home foreclosures appear numbered, one analysis indicates.A new look at foreclosure discounts by the real estate website Zillow found that the price difference between a foreclosed...
View ArticleBusiness news briefs — Nov. 9
LOCAL BUSINESSFracking program at CaseCase Western Reserve University in Cleveland is holding a free symposium, open to the public, on Friday, Nov. 16, to address hydraulic fracturing, or fracking, of...
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