U.S. economy shrinks 0.1 percent, first time in 3½ years
WASHINGTON: The U.S. economy unexpectedly shrank from October through December for the first time since 2009, hurt by the biggest cut in defense spending in 40 years, fewer exports and sluggish growth...
View ArticleHigh-tech cargo airship being built in California
TUSTIN, CALIF.: The massive blimp-like aircraft flies but just barely, hovering only a dozen feet off a military hangar floor during flight testing south of Los Angeles.Still, the fact that the hulking...
View ArticleRIM changes name to BlackBerry, unveils 2 phones
After lengthy delays, Research In Motion Ltd. unveiled Wednesday its first two phones with the new BlackBerry 10 system.The Q10 will have a physical keyboard, while the Z10 has only a touch-screen...
View ArticleWeekly U.S. jobless aid applications rise to 368,000
WASHINGTON: The number of Americans seeking unemployment aid rose sharply last week but remained at a level consistent with moderate hiring.Weekly applications for unemployment benefits leapt 38,000 to...
View ArticleState panel can’t review permits for oil, gas drillers, high court rules
A state commission that hears oil and gas complaints can’t consider drilling permits that the state gives to “fracking” companies, the Ohio Supreme Court has ruled. The high court’s 5-2 ruling...
View ArticleApple blocks Java on Macs due to vulnerabilities
NEW YORK: Mac computers have stopped running programs written using the Java programming language in their browsers, as Apple blocked it because of security problems.Apple has previously blocked, then...
View ArticleBusiness news briefs — Jan. 31
Health CareAcme backs medical websiteAcme Fresh Market has agreed to sponsor a website run by the Summit County Medical Society to help uninsured patients and others find affordable care.Under the...
View ArticleNew Saturday stock report coming to Beacon Journal
The Beacon Journal’s Saturday stock report will be in a convenient abbreviated format starting this week. The new Saturday Market Report will be one page with the following highlights:• Local stocks,...
View ArticleGE plans to close Ravenna plant
GE Lighting plans to close its Ravenna manufacturing plant next year, saying there is a “dramatic and continuing” decline in demand for the lamps made there.The company said in a news release that it...
View ArticleGoodyear to cut 39% of French work force in factory closing
Goodyear Tire & Rubber Co., the largest U.S. tire maker, will close its main French plant and cut its work force in the country by 39 percent amid labor disputes and plunging auto demand in...
View ArticleTime Warner Cable net tops estimates on Internet additions
Time Warner Cable Inc., the second-largest U.S. cable television operator, reported fourth-quarter profit Thursday that topped estimates as the company added more Internet customers.Excluding one-time...
View ArticleProspecting growth spurt leads Concept Services to move to larger offices in...
As its niche business grew, Concept Services Ltd. two years ago expanded in Wadsworth so it could keep all its hires under one roof.It didn’t take long for the sales-lead outsourcing Medina County...
View ArticleU.S. gains 157,000 jobs; jobless rate rises to 7.9 percent
WASHINGTON: U.S. employers added 157,000 jobs in January and hiring was stronger over the past two years than previously thought, providing reassurance that the job market held steady while economic...
View ArticleDow ends above 14,000 for 1st time since Oct. 2007
NEW YORK: The Dow Jones industrial average closed above 14,000 on Friday for the first time in more than five years.Sure, it was just a number on a board. But it was enough to raise the hopes of some...
View ArticleLabor union to ease Walmart picketing
The nation’s largest union of retail and grocery workers has formally pledged not to try to unionize Walmart workers, even though it helped coordinate picketing, protests and scattered strikes against...
View ArticleNewell Rubbermaid sees earnings hike
Newell Rubbermaid Inc. said Friday its fourth-quarter earnings rose 27 percent as the consumer products company’s restructuring efforts appear to have helped improve revenue, although margins shrank....
View ArticleMcClendon leaves mixed legacy as he heads for door
It’s still all about Aubrey.Even with Aubrey McClendon’s spontaneous “retirement” this week, Chesapeake Energy can’t easily disentangle itself from its former chief executive’s legacy.McClendon may...
View ArticleHonda shrugs off boon as Japan Inc. unsure yen drop to last
Don’t count Honda among Japanese exporters preparing for a financial bonanza from the yen that is falling in foreign currency exchange.Unlike Nintendo and Japan Tobacco, which raised their profit...
View ArticleMoney fund disclosures not just about need to know
The more informed you are, the better. Yet there’s so much information about mutual funds available, from performance data to legal disclosures, that it’s understandable to wonder what information you...
View ArticleGames likely to follow Pentagon on women in combat
Lara Croft. Samus Aran. Jill Valentine. Chell.In the realm of video games, it’s not difficult to identify tough-as-nails women who uncover ancient treasures, blast away aliens, battle zombies and...
View Article