Browns welcome FirstEnergy Stadium
CLEVELAND: Cleveland Browns Stadium is being renamed FirstEnergy Stadium: Home of the Cleveland Browns, the team and FirstEnergy announced Tuesday.Akron-based FirstEnergy Corp. bought the naming rights...
View ArticleAEP filing divulges JobsOhio funding
A line in a routine financial disclosure form reveals that American Electric Power is one of the big donors helping to fund Ohio’s private-development department — to the tune of $2 million.The AEP...
View ArticleBusiness news briefs — Jan. 16
FOODDunkin’ Donuts to add outletsDunkin’ Donuts said it plans to open 330 to 360 net new U.S. restaurants in 2013, up from 291 new outlets last year.The Canton, Mass., company intends to enter the...
View ArticleU.S. consumer prices unchanged as inflation recedes
The cost of living was little changed in December, capping the third-smallest annual gain in the past decade, indicating U.S. inflation remains low.The unchanged reading in the consumer-price index...
View ArticleChase bank reports big year-to-year profit gain
NEW YORK: JPMorgan Chase, the country’s biggest bank by assets with operations in Akron, said Wednesday its fourth-quarter earnings shot up 55 percent over the year.The bank made $5.3 billion after...
View ArticleCleveland Fed reports that hiring remains sluggish
Hiring remained sluggish while business activity expanded modestly the past six weeks in Ohio and the parts of neighboring states that make up the Federal Reserve Bank of Cleveland’s Fourth...
View ArticleAkron business kicks up heels with giant shoe
That’s one high heel.Akron’s John Comunale is at it again, creating a quirky commercial sculpture.This time, he’s crafting a 7-foot-tall stiletto shoe — a super-size version of the high-heeled footwear...
View ArticleWendy’s fourth-quarter adjusted profit tops Wall Street’s view
DUBLIN: Wendy’s new value menu and focus on premium burgers helped its fiscal fourth-quarter net income top Wall Street expectations, the hamburger chain said Thursday.Results showed Wendy’s push to...
View ArticleFirstEnergy Stadium deal with Browns is for 17 years
FirstEnergy Corp.’s sponsorship deal to put the company name on Cleveland Browns Stadium will last 17 years at an undisclosed amount.Chuck Jones, president of FirstEnergy Utilities, brokered the deal...
View ArticleHow states fared on unemployment benefit claims
Weekly applications for U.S. unemployment benefits dropped sharply last week to a five-year low, a sign that layoffs have declined. But much of the drop was due to seasonal volatility in the data. The...
View ArticleOhio closes in on 500 Utica shale drilling permits
Ohio is approaching 500 Utica shale well permits.The Ohio Department of Natural Resources’ Division of Oil and Gas Resurces Management has approved 498 permits in eastern Ohio.The permits were issued...
View ArticleBusiness news briefs -- Jan. 17
LOCAL BUSINESSWell permits growingOhio is approaching 500 Utica shale well permits.The Ohio Department of Natural Resources’ Division of Oil and Gas Resurces Management has approved 498 permits in...
View ArticleHuntington Bancshares shows fourth-quarter net income up 34 percent
COLUMBUS: Huntington Bancshares Inc. said Thursday its fourth-quarter net income jumped 34 percent, helped by an increase in mortgage banking income.The parent company of Huntington National Bank...
View ArticleU.S. jobless aid applications fall to five-year low
WASHINGTON: The number of Americans seeking unemployment aid plummeted to a five-year low last week, a hopeful sign the job market may be improving. But much of the decline reflects seasonal volatility...
View ArticleGreen company lights the way
A small commercial lighting company in Green that sells LED lights to replace energy-sucking fluorescent and incandescent ones is seeing its sales surge.“Sales doubled in 2012, and we’re expecting...
View ArticleStocks rally; S&P 500 above five-year high
NEW YORK: Stock gains on Thursday propelled the Standard & Poor’s 500 index to its highest finish since late 2007 as upbeat jobs and housing reports offered a respite from politics and other...
View ArticlePNC fourth-quarter profit climbs 46% as fee revenue gains
PNC Financial Services Group Inc., the second-largest U.S. regional bank with Akron operations, said Thursday that fourth-quarter profit rose 46 percent, better than analysts’ estimates, as revenue...
View ArticleThistledown Racino to host two-day job fair
Thistledown Racino will host an informational job fair over two days at Cuyahoga Community College’s Corporate East Campus, 4400 Richmond Road, Warrensville Heights.Thistledown Racino is hiring 600...
View ArticleFirstEnergy Stadium sponsorship deal with Browns worth $102 million over 17...
Akron-based FirstEnergy Corp.’s stadium naming rights deal with the Browns is worth $6 million a year, sources told the Beacon Journal on Thursday.The sources spoke on condition of anonymity, because...
View ArticleLocal business news — Jan. 19
HEALTH CAREOhio insurer files lawsuitsAn Ohio health insurance company is suing state and federal officials over confusion in rules for a program for patients with pre-existing conditions.At issue is a...
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