Turkey prices up this year
DAYTON, OHIO: Some Ohioans are paying more for their Thanksgiving turkeys this year, but experts say the jump in price isn’t affecting sales.Jim Chakeres, executive vice president of the Ohio Poultry...
View ArticleHostess CEO says acquisition by Grupo Bimbo a ‘misconception’
Hostess Brands Inc. Chief Executive Officer Gregory Rayburn said Mexico’s Grupo Bimbo SAB won’t be a potential buyer for the bankrupt baker of Twinkies and Wonder Bread.“One misconception in the market...
View ArticleBetter Ohio holiday retail sales expected; 5.7 percent jump predicted for...
CINCINNATI: Economic forecasters say Ohio’s rebounding economy and improved jobs picture mean a brighter holiday sales outlook for the state’s retailers than during the recession.A University of...
View ArticleJudge asks Hostess to mediate with union
Twinkies won’t die that easily after all.Hostess Brands Inc. and its second largest union will go into mediation to try and resolve their differences, meaning the company won’t go out of business just...
View ArticleMore than $40 million in Fair Finance fraud case may be uncollectible, report...
Fair Finance trustee Brian Bash indicates it is unlikely he will be able to collect about $43 million in judgments against lower-profile Tim Durham-related businesses and associates.That news follows a...
View ArticleBusiness news briefs — Nov. 19
LOCAL BUSINESSInsurer gets credit lineRichfield-based specialty insurer National Interstate Corp. says it has a new $100 million, five-year unsecured credit agreement with Fifth Third Bank. The new...
View ArticleOhio EPA honors three companies in Summit
Three Summit County companies are winners of new awards from the Ohio Environmental Protection Agency.GOJO Industries Inc., Main Street Gourmet LLC and Multibase are among five businesses statewide to...
View ArticleU.S. home sales rise 2.1 percent in October
WASHINGTON: U.S. sales of previously occupied homes rose solidly in October, helped by improvement in the job market and record-low mortgage rates.Meanwhile, the local and statewide housing market also...
View ArticleStow resident promotes hospice, palliative care nationwide
A Stow resident is dedicating her career to improving the care provided to patients with life-limiting or life-threatening illnesses here and nationwide.Karen Vekasy, a clinical nurse specialist and...
View ArticleHealth-care industry to add jobs in region, report says
Employment in the 18-county Northeast Ohio region is predicted to grow by roughly 169,000 workers — to more than 2.1 million people — by 2020, according to a new report from economic development group...
View ArticleMenards reportedly pulls out of Portage Crossing redevelopment
CUYAHOGA FALLS: It appears that a major tenant for the Portage Crossing development is out.Menards, a home improvement chain, is no longer a part of the redevelopment of the former State Road Shopping...
View ArticleRegulators go after deceptive mortgage advertising
WASHINGTON: Federal regulators on Monday announced investigations into possible violations of the law by mortgage lenders and brokers suspected of false or deceptive advertising.The Federal Trade...
View ArticleBetter holiday retail sales expected in Ohio
Economic forecasters say Ohio’s rebounding economy and improved jobs picture mean a brighter holiday sales outlook for the state’s retailers than during the recession.A University of Cincinnati...
View ArticleHostess lives another day to mediate with union
WHITE PLAINS, N.Y.: Twinkies will live to see another day.Hostess Brands Inc. and its second largest union agreed on Monday to go into mediation to try to resolve their differences after a bankruptcy...
View ArticleJudge says Fair Finance victims to get half of any recovered funds
Thousands of Ohio residents scammed out of more than $200 million in the Fair Finance Co. scandal should get at least half of the money brought into the bankrupt company estate, the bankruptcy judge...
View ArticleBest Buy reports third quarter loss
Best Buy Co. reported Tuesday a loss in its third quarter, hurt by a continued sales slump and charges related to restructuring.The electronics chain is struggling to reverse a years-long decline in...
View ArticleBusiness news briefs — Nov. 20
LOCAL BUSINESSB&W unit wins U.S. supportCharlotte, N.C.-based Babcock & Wilcox Co.’s modular nuclear reactor design received major federal government backing to become part of a significant...
View ArticleFord to bring smaller engine to US in 2014 Fiesta
DEARBORN, MICH.: Ford is bringing its smallest engine to the U.S. in the race to meet stricter government fuel economy rules.The company says the 2014 Fiesta will be the first North American vehicle to...
View ArticleSummit County jobless rate falls below 6 percent for first time in 4 years
Summit County’s jobless rate last month fell below 6 percent to 5.9 percent. That’s the county’s lowest unemployment rate since May 2008, when it was 5.3 percent.Jobless rates fell in 74 out of Ohio’s...
View ArticleParent of Akron’s Sterling Jewelers reports record earnings per share
Signet Jewelers Ltd., the parent of Akron-based Sterling Jewelers, reported Tuesday it had record earnings per share for the third quarter.But company CEO Mike Barnes said that Superstorm Sandy has...
View Article