The sacred cows of taxation
They are the most treasured of all the sacred cows in taxation. Threaten them, and you will be reviled. Mention that they are becoming irrelevant, and your sanity will be questioned.Yes, I’m talking...
View ArticleOutlet mall popularity surprises forecaster
In almost a decade of forecasting trends, Ohio retail observer Chris Boring usually has been able to guess the top trends of the year, months ahead of time.But even he was surprised when he realized...
View ArticleCenter makes cold weather tests its specialty
HOUGHTON, MICH.: From automakers and component suppliers to snowblower manufacturers and the U.S. military, they all test their equipment at Michigan Tech University’s remote Keweenaw Research...
View ArticleOhio gas prices down to start week
COLUMBUS: Ohio motorists are seeing slightly lower gas prices to start the work week.The average price for a gallon of regular gas in Ohio was about $3.70 in Monday’s survey from auto club AAA, the Oil...
View ArticleBusiness news briefs — Feb. 25
LOCAL BUSINESSWooster company growsLuK USA, an auto parts maker and one of Wayne County’s largest employers, has snagged a $225,288 tax credit from the state for an expansion project expected to create...
View ArticleSales records set at Cooper
FINDLAY: Cooper Tire & Rubber Co. said Monday it set fourth-quarter and full-year sales records in 2012, on its way to a full-year profit of $220 million, or $3.49 a share. In 2011, the company...
View ArticleFirstEnergy to reduce debt by $1.5 billion; sell competitive hydro fleet
As part of its quarterly and 2012 annual financial report issued Monday, Akron-based FirstEnergy Corp. on Monday said it plans to reduce debt in 2013 by $1.5 billion.To do that, the company wants to...
View ArticleShareholders continue pressure on Timken to separate steel, bearings
The pressure is still on the Timken Co. to split up.The Canton steel and bearings maker’s largest shareholder continues to push the company to separate into two. Shareholders would best be served with...
View ArticleStocks drop as Italy heads for political disarray
NEW YORK: Stocks had their worst drop in more than three months Monday as the prospect of political trouble in Italy, the euro currency region’s third-largest economy, focused the markets again on...
View ArticleAkron General named top hospital
Akron General Medical Center has been named one of the nation’s 50 best hospitals by HealthGrades, a national health-care information firm.HealthGrades evaluates hospitals each year based on Medicare...
View ArticleAEP to stop burning coal at Ohio coal-fired power plant, two others under...
American Electric Power will stop burning coal at three power plants, including one in Ohio, under a revised federal clean-air agreement unveiled Monday.The Columbus-based utility must retire or refuel...
View ArticleWorker killed, another hurt in Carrollton drilling accident
CARROLLTON, OHIO: Authorities say one man was killed and another was injured in a drilling accident in eastern Ohio.Carroll County Sheriff Dale Williams said it happened Monday afternoon at a gas...
View ArticleYahoo’s Mayer risks productivity by restricting work at home
Yahoo! Inc. Chief Executive Officer Marissa Mayer, by ordering staff to report to offices, risks losing the productivity gains that can come from flexible work arrangements and may jeopardize her...
View ArticleU.S. new-home sales jump to highest in 4½ years
WASHINGTON: U.S. new-home sales jumped in January from the previous month to the highest level since July 2008, a sign that the housing recovery is accelerating.The Commerce Department said Tuesday...
View ArticleBusiness news briefs — Feb. 26
LOCAL BUSINESSGoodyear sets refinancingGoodyear said in a regulatory filing that it netted about $884 million after selling $900 million in senior notes this week. The notes pay 6.5 percent interest...
View ArticleBeacon’s Lin-Fisher honored with journalism award
KENT: Betty Lin-Fisher, consumer writer on the business news desk at the Beacon Journal, has been named recipient of the 2013 Diversity in Media Distinguished Leadership Award by Kent State...
View ArticleState money, local help fails to save Akron startup
Jay Breeding’s dream has died and he’s selling pieces of it off.Seven years ago, Breeding founded InSet Systems to develop a tracking system designed to save the lives of miners trapped...
View ArticleMacy’s projects earnings higher than analysts’ estimates
Shares of Macy’s Inc., the second-largest U.S. department-store chain, rose Tuesday after the company forecast annual profit that was higher than analysts’ estimates amid a surge in online sales.The...
View ArticleInsurer National Interstate’s earnings beat estimates
Specialty insurer National Interstate Corp. had higher revenue for its fourth quarter and full year compared to a year ago, but net income fell short because of what the company called unusual claims...
View ArticleChild Guidance & Family Solutions to relocate
Child Guidance & Family Solutions is relocating in March to its new headquarters on North Forge Street in Akron’s University Park district.The nonprofit agency’s new $5.25 million facility is...
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