Amazon undercuts Wal-Mart in toy price war for holiday season
Amazon.com Inc. has cheaper online prices for toys than Wal-Mart Stores Inc., Target Corp. and other major chains as parents begin shopping for the holidays, according to a Bloomberg Industries...
View ArticleChesapeake Energy not excited about Utica oil possibilities
Ohio’s Utica shale may not produce as much oil as drillers had once envisioned, although energy companies remain satisfied with the other products they’re finding, Chesapeake Energy Corp. CEO Aubrey...
View ArticleBusiness news briefs — Nov. 14
LOCAL BUSINESSSoftware firm wins fundingAMVONET, an Alliance software company, has received $250,000 from the nonprofit economic development group, JumpStart Inc.The company’s main product is software...
View ArticleLabor Department seeks back pay for fired area truckers
The U.S. Department of Labor has filed a lawsuit in federal court seeking back pay totaling more than $500,000 for two area truckers who were allegedly fired in violation of a federal whistleblower...
View ArticleStock indexes fall as investors focus on cliff
NEW YORK: U.S. stock indexes fell to multi-month lows Wednesday on worries about government budgets and after an Israeli strike in the Gaza Strip increased Wall Street’s anxiety, offsetting gains in...
View ArticleGameStop’s ‘Call of Duty’ sales top 6 million units in one day
GameStop Corp., the video game retailer, sold more than 1 million copies of Call of Duty: Black Ops II on Tuesday, positioning the new title from Activision Blizzard Inc. to break sales records.“Black...
View ArticleNew Wal-Mart service delivers food samples
NEW YORK: Wal-Mart Stores Inc. is launching a mail subscription service, called Goodies, that lets shoppers discover new foods from the comfort of their homes.For a monthly fee of $7 that includes tax...
View ArticleSuperstorm Sandy pushes U.S. jobless claims to 439,000
Associated PressWASHINGTON: Superstorm Sandy drove the number of people seeking unemployment benefits up to a seasonally adjusted 439,000 last week, the highest level in 18 months.The Labor Department...
View ArticleBernanke: Banks’ tight standards hurting economy
WASHINGTON: Federal Reserve Chairman Ben Bernanke says banks’ overly tight lending standards may be holding back the U.S. economy by preventing creditworthy borrowers from buying homes.Bernanke says...
View ArticlePost office reports record loss of $15.9 billion for year
WASHINGTON: The struggling U.S. Postal Service on Thursday reported an annual loss of a record $15.9 billion and forecast more red ink in 2013, capping a tumultuous year in which it was forced to...
View ArticleTarget upbeat about holidays after third quarter climbs
MINNEAPOLIS: Target Corp. is optimistic heading into the critical holiday shopping season after a strong third quarter.The holiday shopping season can make up 40 percent of a retailer’s annual revenue...
View ArticleConsumer prices tick up as rental costs rise
WASHINGTON: Rising food costs and higher rents offset a drop in gas prices last month, leaving consumer inflation all but flat in October.The consumer price index rose a seasonally adjusted 0.1 percent...
View ArticleBusiness briefs — Nov. 15
LOCAL BUSINESSCFBank parent reports lossesCentral Federal Corp., parent company of CFBank, reported losses for its most recent quarter and year-to-date figures, but new management said the company is...
View ArticleWal-Mart third quarter profit up but shares slide on outlook
Wal-Mart reported a 9 percent increase in third-quarter net income as the world’s largest retailer continues to woo back shoppers by re-emphasizing low prices. But momentum has slowed as it grapples...
View ArticlePostal Service on ‘tightrope’ loses $15.9 billion in 2012
The U.S. Postal Service said Thursday its net loss last year widened to $15.9 billion, more than the $15 billion it had projected, as mail volume continued to drop, falling 5 percent.Without action by...
View ArticleBP agrees to pay $4.5 billion; 3 employees charged
NEW ORLEANS: A day of reckoning arrived for BP on Thursday as the oil giant agreed to plead guilty to a raft of criminal charges and pay a record $4.5 billion in a settlement with the government over...
View ArticleMaker of Twinkies to close, Hostess cites nationwide worker strike
IRVING, TEXAS: Hostess, the maker of Twinkies and Wonder Bread, is going out of business, closing plants, laying off its 18,500 workers and putting its brands up for sale.The Irving, Texas, company...
View ArticleTwitter: Join the Black Friday conversation on Ohio.com
Planning to shop on Black Friday? Let us know how it goes by tweeting the details of your experience. Use the hashtag #ohshops at the end of your tweet to be part of our coverage of the annual shopping...
View Article1-cent increase to stamp price gets regulatory OK
WASHINGTON: The cost of mailing a first-class letter will go up by a penny in January.The Postal Regulatory Commission on Friday approved the proposed rate increase, which raises the price of a...
View ArticleTop 10 ways to get a Black Friday bargain
On Friday, Nov. 23, millions of consumers will flock to stores to take part in the Black Friday shopping experience. They are drawn by the promise of bargains and the thrill of mixing it up with...
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