Nearing retirement? Try shorter-term mortgage
Q: We just bought a new house. We need to decide between a 15-, 30- or possibly 20-year mortgage. My wife and I are both 51. We will probably work only another 10 to 12 years at most. At that point we...
View ArticleInvestors turn to Wal-Mart while seeking safety from slowing growth
Wal-Mart Stores Inc. is the new gold.The world’s largest retailer is attracting investors who see its shares as a haven amid a slowing global economy and volatile growth stocks. With U.S. same-store...
View ArticleFoxwoods gambling CEO sees business shift
HARTFORD, CONN.: Increased gambling competition is forcing the largest casino in the Western Hemisphere to shift its business to include more nongambling enterprises such as retail and conferences, the...
View ArticleBusiness notes — Aug. 12
COMPANIESRoetzel & AndressThe National Law Journal ranked Roetzel & Andress on its list of the Midwest’s Top Law Firms. Roetzel receives this recognition because one of every three of its...
View ArticleBusiness moves — Aug. 12
PermcoRob Goldiez was promoted to president of U.S. operations for Permco, a Streetsboro manufacturer of precision hydraulic gear pumps and motors. Permco is owned by Barboursville, W.Va., holding...
View ArticleBusiness calendar — Aug. 12
TuesdayToastmasters Akron 151 — 6:30 to 8 p.m., Summa St. Thomas Hospital, 444 N. Main St., Akron. Information: 330-733-7683.Northeast Ohio Business Alliance — 7:30 to 9 a.m., Real Estate Capital...
View ArticleWorkers face challenge in analyzing 401(k) fees
After decades in obscurity, the price that U.S. workers pay for the management of their employer-sponsored 401(k) retirement plans is about to be dragged into the light. Still, many people may have...
View ArticleRubber market poised for third surplus in 2013, forecast says
Global natural rubber supply will exceed demand for a third straight year in 2013 and the price of the commodity used to make tires and gloves will continue to decline, according to RCMA Commodities...
View ArticleAdidas’ TaylorMade executive sees golf suppliers getting bigger
Golf industry consolidation will continue, according to the head of Adidas AG’s TaylorMade brand, as weaker equipment sales and a slowdown in course openings lead smaller businesses into the arms of...
View ArticleU.S. gas prices spike; refinery problems cited
NEW YORK: A surprise surge in gasoline prices is taking some of the fun out of summer.The national average for a gallon of gas at the pump has climbed to $3.67, a rise of 34 cents since July 1. An...
View ArticleKnight grant helps connect leaders through new online tool
A $50,000 one-time grant from the John S. and James L. Knight Foundation will give a boost to a new website that will allow leaders in Akron to connect with community organizations or efforts.The...
View ArticleSouthwest Airlines lands at Akron-Canton Airport
Southwest Airlines and free baggage checking have officially landed at Akron-Canton Airport. A Southwest jet from Dallas — without paying passengers — landed at the airport on Saturday.The first flight...
View ArticleHow golden years for Social Security trust fund were missed
A single Washington decision, in 1983, would have nearly doubled the value of the Social Security Trust Fund. That decision would also have made the retirement of today’s workers far more secure. With...
View ArticleHow often Social Security disability is reviewed depends
Q: I get Social Security disability. Will my case be reviewed to see if I’m still eligible?A: How often we review your medical condition depends on how severe it is and the likelihood it will improve....
View ArticleRegulator warns against use of eminent domain to refinance homes
WASHINGTON: The regulator for government-seized mortgage giants Fannie Mae and Freddie Mac has warned against the use of eminent domain to restructure home loans.San Bernardino County, Calif., has...
View ArticleMicroloans meeting credit needs for entrepreneurs
Do an Internet search for microcredit, and images of colorfully dressed women in Africa, South Asia and Central America pop up. But the international trend that began more than three decades ago in...
View ArticleGoogle cuts 4,000 Motorola jobs
Associated PressMOUNTAIN VIEW, Calif. : Google is cutting about 4,000 jobs at its Motorola Mobility cellphone business and will close or consolidate about one-third of its 90 locations.The reductions...
View ArticleSouthwest, Akron-Canton airport celebrate airline’s arrival
Low-fare airline Southwest’s arrival at Akron-Canton Airport might result in some further slight changes in direct destinations now served by AirTran, but passengers “will have access to far more...
View ArticleUSDA buys meat to help drought-stricken farmers
WASHINGTON: The government will buy up to $170 million of pork, lamb, chicken and catfish to help drought-stricken farmers, the White House said Monday as President Barack Obama brought his re-election...
View ArticleJudge tentatively OKs $40 million Skechers settlement
LOUISVILLE, Ky.: A federal judge on Monday tentatively approved a $40 million settlement between Skechers USA Inc. and consumers who bought the toning shoes after ads made unfounded claims that the...
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