B&W second-quarter earnings rise from year ago
Babcock & Wilcox Co. on Tuesday reported that second-quarter net income rose to $64 million, or 54 cents per share.That’s up from $46.2 million, or 39 cents a share, a year ago.Revenue also was up...
View ArticleUnited Way campaign focuses on exceeding record, hopes to raise $11.61...
The United Way of Summit County is hoping to raise $11.61 million this year in its annual fundraising campaign.That would exceed the record of $11.6 million raised in 2005 and would be a 2 percent...
View ArticleBusiness news briefs — Aug. 08
LOCAL BUSINESSTrucking school plans job fairGreat Lakes Truck Driving School in Columbia Station will host a job fair from 3 to 6 p.m. Aug. 16 at the school at 27740 Royalton Road (state Route 82).More...
View ArticleGoogle makes changes to Gmail
SAN FRANCISCO: Google’s Internet search engine is getting more personal by highlighting information drawn from its users’ Gmail accounts on its main results page.The feature announced Wednesday marks...
View ArticleMacy’s posts 16 percent hike in second-quarter net income
Macy’s reported Wednesday a nearly 16 percent increase in net income for its second quarter, helped by cost-cutting and its strategy to tailor its merchandise to local markets.The department chain also...
View ArticleOhio regulators approve new AEP pricing structure
COLUMBUS: Customers of American Electric Power could see an estimated 6 to 7 percent increase in their monthly bills during the first year of a new pricing plan that Ohio utility regulators approved...
View ArticleStock indexes manage another gain
NEW YORK: Stocks on Wednesday barely managed to extend a winning run, with the Dow Jones industrial average and the S&P 500 ending higher for a fourth day as Wall Street adopted a cautious...
View ArticleB&W’s Power Generation segment to drive growth in U.S.
U.S. coal-fired power plants will provide the growth platform for Babcock & Wilcox’s Power Generation Group for the next couple of years, top executives of the Charlotte, N.C.-based energy industry...
View ArticleCompany reports shed more light on Utica shale drilling in Ohio
Three energy companies are reporting encouraging results from Ohio’s Utica shale.A fourth company, however, is not sharing the enthusiasm expressed by Gulfport Energy Corp., Chesapeake Energy Corp. and...
View ArticlePostal Service reports $5.2 billion loss in third quarter
WASHINGTON: The nearly bankrupt U.S. Postal Service on Thursday reported a quarterly loss of $5.2 billion and warned it will miss another payment due to the Treasury, just one week after its first-ever...
View ArticleU.S. rate on 30-year mortgages rises to 3.59 percent
By Marcy GordonAssociated PressWASHINGTON: Average U.S. rates on fixed mortgages rose for the second straight week, staying slightly above historic lows.Mortgage buyer Freddie Mac says the rate on the...
View ArticleU.S. wholesale stockpiles fall as sales plummet
WASHINGTON: U.S. wholesale companies cut back their stockpiles in June as sales fell by the most in three years. The declines in sales and inventories could signal slower growth in the coming...
View ArticleDishwashers recalled due to fire hazard
WASHINGTON: More than a million GE dishwashers are being recalled due to fire hazard.The Consumer Product Safety Commission said Thursday the voluntary recall includes about 1.3 million GE, GE Adora,...
View ArticleU.S. trade deficit falls to lowest in 18 months
WASHINGTON: The U.S. trade deficit fell to its lowest level in 18 months in June, pushed down by a steep drop in oil imports and a rise in exports.The trade gap narrowed to $42.9 billion in June, down...
View ArticleWendy’s transformation push starts to take hold
NEW YORK: The Wendy’s Co.’s push to transform itself as a higher-end hamburger chain is showing early signs of taking hold.The Dublin, Ohio-based fast food company says a key sales figure rose 3.2...
View ArticleBusiness news briefs — Aug. 9
LOCAL BUSINESSPublic speaker in semifinalsWadsworth resident and Akron Beacon Journal employee David Green will represent Northeast Ohio next week in the semifinal rounds of the Toastmasters World...
View ArticleBridgestone may reduce product prices on lower commodity costs
Bridgestone Corp., the world’s biggest maker of tires, with operations in Akron, might cut prices on some products in the second half of this year, spurred by lower costs.“We may adjust the price of...
View ArticleHome prices rise in 75% of U.S. cities as markets stabilize
Prices for houses have climbed in three-quarters of U.S. cities and values nationally jumped the most since 2006 as real-estate markets stabilized.The median price increased in the second quarter from...
View ArticleWendy’s posts loss on refinancing; sales figure up
The Wendy’s Co.’s push to transform itself as a higher-end hamburger chain is showing early signs of taking hold.The Dublin-based fast food company said a key sales figure rose 3.2 percent in the...
View ArticleLegacy center celebrates history of longtime Cuyahoga Falls manufacturer
Alside’s formal executive dining room has served its last hot meal.Now it’s where people get food for thought.The Cuyahoga Falls vinyl siding, window and door manufacturer, part of $1.2 billion...
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