Apple’s iPad shipments, market share surge in second quarter
Apple Inc.’s shipments of iPad tablets surged 44 percent to 17 million in the second quarter, giving the company its biggest share of the market in more than a year as devices from competitors lost...
View ArticleU.S. retail sales climb solid 0.8 percent in July
WASHINGTON: Americans boosted their spending at retail businesses in July by the largest amount in five months. Retail sales rose 0.8 percent in July from June, the Commerce Department reported...
View ArticleStow Walmart looking to hire
The Walmart in Stow is on a hiring spree. Walmart, which is in the process of expanding to a Super Walmart, is hiring about 110 workers. The Walmart store, above, on Hudson Drive in Stow has a hiring...
View ArticleStark County well’s oil production has CEO gushing
An energy company chief executive is touting a Stark County well’s early oil production, saying it rivals highly publicized wells in Texas.The Frank well, off state Route 619 in Marlboro Township, is...
View ArticleConsumer prices unchanged in July
WASHINGTON: Consumer prices were unchanged in July, as lower energy prices offset gains in the cost of food and other items, the Labor Department reported Wednesday.An index of energy prices declined...
View ArticleCFBank parent reports losses; future of company unclear
Central Federal Corp., parent company of CFBank, lost money in the first quarter ended June 30, but not as much as it did the previous year.Meanwhile, the future of the bank and its management is in...
View ArticleBusiness news briefs — Aug. 15
WALL STREETDow drops seven pointsMost U.S. stocks advanced slightly Wednesday on light volume as investors sifted through mixed economic reports, but blue-chips lagged behind and finished lower on the...
View ArticleSmucker highlights successful year to shareholders
WOOSTER: The J.M. Smucker Co. had a successful year in a challenging and uncertain economic climate, officers of the Orrville-based food company told its shareholders gathered for its annual meeting on...
View ArticleHonda to unveil all-new Accord next week
DETROIT: Honda plans to unveil its new Accord sedan Monday at an Ohio factory. The company promises a more athletic look with all-new engines and transmissions that will raise the car’s fuel...
View ArticleTarget raises profit outlook on solid second quarter sales
Target Corp. raised its full-year profit projection Wednesday after the cheap chic discounter reported better-than-expected second-quarter revenue that showed healthy spending in food, beauty, fashion...
View ArticleGovernment figures show mass layoffs down in Ohio
DAYTON, OHIO: A newspaper reports that mass layoff announcements by employers in Ohio fell last year to 668 from a peak of 1,205 in 2009.The Dayton Daily News said mass layoff announcements are those...
View ArticleBridgestone researcher pleads not guilty in trade secrets case
Former Bridgestone Americas researcher Xiaorong Wang has pleaded not guilty to charges that he stole trade secrets from his former employer in Akron and then lied to federal investigators. Wang, who...
View ArticleMacy’s sues JC Penney over Martha Stewart deal
NEW YORK: Macy’s Inc. is suing rival retailer J.C. Penney Co., claiming Penney’s bid to sell products by Martha Stewart Living resulted in the breach of an exclusive contract held by Macy’s and could...
View ArticleBusiness news briefs — Aug. 16
LOCAL BUSINESSEnergy conference deadlineToday is the deadline to get an “early bird” discount to attend the first day of the business-to-business Youngstown Ohio Utica & Natural Gas 2012 Conference...
View ArticleUA part of national engineering program aimed at manufacturing
The University of Akron is among dozens of partners in a new White House initiative announced Thursday to boost manufacturing.The pilot program will use $30 million in federal funds to develop a...
View ArticlePower companies, EPA discuss pending rules to limit mercury
Ohio utilities with coal-burning power plants huddled Thursday with two state agencies to discuss how new federal rules on mercury and other pollutants will be implemented statewide.Involved were...
View ArticleWal-Mart profit rises 5.7 percent, raises outlook
Wal-Mart Stores Inc. on Thursday reported a 5.7 percent increase in second-quarter net income and raised its outlook for the full year.But Wal-Mart is seeing its momentum slow down amid a tough...
View ArticleUPA leader sees promise of Akron
Akron is “aspiring to know and feel its destiny,” Eric Anthony Johnson told the Akron Roundtable on Thursday.Johnson just finished his second year as executive director of University Park Alliance, a...
View ArticleMarket nears 4-year highs
NEW YORK: Encouraging earnings from Cisco and hopeful signs in a housing report lifted the stock market Thursday. The gains nudged the Standard & Poor’s 500 index near the four-year high it reached...
View ArticleFirstEnergy to cut back operations at Sammis power plant
Akron’s FirstEnergy Corp. intends to reduce operations at its giant W.H. Sammis coal-fired power plant because the electricity is not needed.Minimal operations will begin Sept. 16 at the plant...
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