Business news briefs — Dec. 26
REGIONAL BUSINESSInvacare discloses FDA decreeHealth-care products maker Invacare Corp. (NYSE: IVC) of Elyria said it has been informed the U.S. District Court for the Northern District of Ohio has...
View ArticleHome prices rise as U.S. real estate market rebounds
Home prices climbed in October by the most in more than two years as the real estate market rebounds and contributes to the economic recovery.The Standard & Poor’s/Case-Shiller index of property...
View ArticleToyota expects record 2013 sales on overseas demand
Toyota, poised to regain its title as the world’s biggest carmaker this year, said its vehicle sales could rise 2 percent next year to a record, led by demand from overseas markets.Global sales,...
View ArticleStocks fall as retailers take post-holiday hit
NEW YORK: Stocks on Wednesday extended losses into a third session as retailers were hit after the holiday and as investors looked to the next day’s resumption of budget talks.President Barack Obama...
View ArticleU.S. holiday sales weakest since 2008
Bargain-hungry Americans will need to go on a post-Christmas spending binge to salvage this holiday shopping season.Despite the huge discounts and other incentives that stores offered leading up to...
View ArticleNewest McDonald’s opens Thursday
A bigger and more modern McDonald’s restaurant is expected to open today near state Route 8 off Graham Road in Cuyahoga Falls.Rubber City McDonald’s owner John Blickle said he anticipates the expanded...
View ArticleSettlement reached in Toyota acceleration cases
LOS ANGELES: Toyota Motor Corp. said Wednesday it has reached a settlement worth more than $1 billion in a case involving hundreds of lawsuits over acceleration problems in its vehicles.The company...
View ArticleAkron-Canton Airport sets passenger record
The number of passengers flying in and out of the Akron-Canton Airport continues to soar.The airport announced an all-time annual passenger record was reached in November, a month before the busy...
View ArticleInvacare to eliminate 143 jobs at Ohio facility
ELYRIA: Invacare Corp. said Thursday it is eliminating 143 jobs because of limits on manufacturing at one of its Ohio facilities.Invacare makes wheelchairs, crutches and motorized scooters. It has...
View ArticleU.S. consumers lose confidence as fiscal cliff nears
WASHINGTON: U.S. consumers peering over the “fiscal cliff” don’t like what they see.Fears of sharp tax increases and government spending cuts set to take effect next week sent consumer confidence...
View ArticleSeaWorld files to go public with $100 million IPO
NEW YORK: Looks like Shamu may soon be making a splash in the stock market.The company behind the water shows featuring killer whales, dolphins and other animals at SeaWorld on Thursday said it was...
View ArticleRetailers recall more than 150,000 baby recliners
WASHINGTON: Four national retailers agreed to recall more than 150,000 Nap Nanny baby recliners after at least five infant deaths and dozens of reports of children nearly falling out of the recliners,...
View ArticleBusiness news briefs — Dec. 27
LOCAL BUSINESSKSU to receive state moneyKent State University was awarded three of nine Phase I awards given through Ohio’s Third Frontier Technology Validation and Start-Up Fund.Kent State will...
View ArticleComing up
TODAY: Ohio Department of Job and Family Services to report on county unemployment for November.
View ArticleMinimum wage set to increase Jan. 1
Ohio’s minimum wage will increase Tuesday, New Year’s Day. The new minimum wage will be $7.85 per hour, an increase of 15 cents an hour.Ohioans passed a constitutional amendment in 2006 mandating the...
View ArticleA pay cut for Apple’s CEO? Not really
In 2012, Apple became the most highly valued public company in history and generated $156.5 billion in revenue — nearly 50 percent more than in 2011.So how much did Timothy D. Cook, the company’s chief...
View ArticleFormer astronaut to speak at Akron Roundtable
Former space shuttle astronaut Ronald M. Sega is the next keynote speaker at the Akron Roundtable luncheon program.He is director of Ohio State’s Office of Energy and Environment and is a vice...
View ArticleFiscal cliff whipsaws stocks; confidence dims
NEW YORK: The government budget debate known as the “fiscal cliff” took the stock market on a roller coaster Thursday. Small developments in the tense standoff yanked stocks back and forth.Stocks...
View ArticleAkron area companies make Weatherhead list
A Web design/development company headquartered in downtown Akron continues to rack up recognition.The 30-employee OuterBox Solutions Inc. this month snagged the No. 5 spot on a list of Northeast Ohio’s...
View ArticleOil futures to trade at $100 a barrel for third year
Oil futures known as Brent crude are poised to trade above $100 a barrel for a third consecutive year in 2013 as tension in the Middle East threatens to disrupt supply and global demand is buoyed by...
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