Norwegian company buys 70,000 acres of shale gas land in Ohio, West Virginia
OSLO, NORWAY: Norwegian energy company Statoil ASA says it has bought 70,000 acres of land rich in gas and liquid gas in West Virginia and Ohio.The $590 million deal expands the company’s assets in the...
View ArticleNew study says Utica shale will produce 143,000 Ohio jobs, add $18 billion to...
Utica shale development will support 143,000 jobs in Ohio by 2020 and 266,000 by 2035 — dramatic increases from the 38,380 jobs today.That analysis came Wednesday from IHS Inc., a leading global energy...
View ArticleBusiness news briefs — Dec. 19
LOCAL BUSINESSProfits up at Morgan’s FoodsMorgan’s Foods Inc., the Cleveland operator of 75 restaurants in Northeast Ohio, announced net income for its third quarter ended Nov. 4 of $125,000, or 4...
View ArticleFedEx Keeps Full-Year Forecast Amid Economic Growth Concerns
FedEx Corp., operator of the world’s largest cargo airline, maintained its full-year profit forecast in a report Wednesday amid increasing concern that U.S. economic growth could slow.The shares rose,...
View ArticleWall Street sees 98.99 point drop
NEW YORK: Stocks on Wednesday fell sharply after a two-session rally as negotiations to avoid deep spending cuts and tax increases seemed to hit an especially rocky spot.Retreating from a two-month...
View ArticleGM buying $5.5 billion of its shares as Treasury plans exit
General Motors Co. will purchase $5.5 billion of its stock from the U.S. Treasury, moving the government a step closer to ending a controversial 2009 bailout of the auto industry.GM will buy 200...
View ArticleAmericans seeking unemployment aid rises by 17,000
WASHINGTON: The number of Americans applying for unemployment benefits rose last week by 17,000, reversing four weeks of declines. But the number of people seeking aid is consistent with a job market...
View ArticleSecond outlet mall planned for central Ohio
Associated PressSUNBURY, OHIO: A developer says a second outlet mall complex is planned for a fast-growing area of central Ohio.The Craig Realty Group announced this week it plans to open a...
View ArticleU.S. economy grew at 3.1 percent in summer
WASHINGTON: The U.S. economy grew at an annual rate of 3.1 percent over the summer as consumers spent more and state and local governments added to growth for the first time in three years. But the...
View ArticleBusiness news briefs — Dec. 20
EARNINGSIncome increases at DiscoverDiscover’s fourth-quarter net income rose 6 percent as more customers paid off credit card balances on time and it wrote off fewer unpaid balances. Consumers also...
View ArticleSummit home sales up 8 percent
Sales of previously owned homes rose more than forecast nationwide in November to reach a three-year high as lower borrowing costs sustained the U.S. housing rebound.Purchases of existing houses...
View ArticleU.S. economy grows 3.1% in third quarter, more than forecast
The U.S. economy grew at a 3.1 percent annual rate in the third quarter, more than previously reported, reflecting the first gain in state and local government spending in three years, more consumer...
View ArticleRussell Livigni wins Charles Goodyear Medal
North Canton resident Russell A. Livigni says winning the 2013 Charles Goodyear Medal for his contributions to the rubber industry and to polymer science was like “going across the goal line in a...
View ArticleFirstEnergy service vehicles get upgrade
Akron-based FirstEnergy Corp. announced it is investing more than $14.7 million in new vehicles for line crews and other front-line service employees across its Ohio Edison territory.Ohio Edison will...
View ArticleStocks close higher on budget-deal hopes
NEW YORK: Stocks rose on Thursday as Republican House Speaker John Boehner expressed optimism about reaching a budget deal with President Barack Obama.Boehner told an afternoon news conference that he...
View ArticleNearly 100 new jobs expected in Green with approval of business proposals
GREEN: A new Infiniti car dealership and a gourmet restaurant/winery could bring 70 to 90 new jobs to the city in 2013.Both proposed businesses received green lights from the Planning and Zoning...
View ArticleGovernor signs youth concussion rules into law
Everyone from T-ball players to budding young soccer stars soon would need clearance from a doctor or other medical expert before returning to play if they show signs of a concussion.Gov. John R....
View ArticleState unemployment rate inches downward
Ohio’s unemployment rate continues to inch downward.The Ohio Department of Job and Family Services said Friday the state’s seasonally adjusted unemployment rate for November was 6.8 percent. That’s...
View ArticleAkron’s GOJO receives corporate honor
Akron’s GOJO Industries Inc. has been honored by the Matthew 25: Ministries for its corporate and social well-being initiatives.GOJO earned the Green Giving Partner Seal from the Cincinnati group for...
View ArticleTime Warner Cable reports shorter service wait times
Time Warner Cable service and installation appointments are occurring within a one-hour time frame in Northeast Ohio and Western Pennsylvania, the company says.“Our customers have better things to do...
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