Stow working to regain control of oil, gas wells
STOW: The city’s Public Improvements Committee proposed legislation Monday that would request the state return control of the placement of oil and gas wells to municipalities.The committee voted to put...
View ArticleSumma, Robinson to let affiliation deal expire
Robinson Memorial Hospital and Summa Health System are letting their affiliation deal expire while the Portage County hospital explores its partnership options.The joint decision — announced to...
View ArticleGulfport Energy to spend hundreds of millions of dollars tapping Utica shale...
Gulfport Energy Corp. says it may spend more than $400 million this year to tap Ohio’s Utica shale, a strong indication that there is a lot more money to be found drilling deep underground in the...
View ArticlePlaza sold at auction
HARTVILLE: A shopping plaza on West Maple Street received a high bid of $7.3 million during an online auction Wednesday.The auction for the Hartville Center anchored by a Giant Eagle grocery store...
View ArticleBusiness news briefs — Feb. 27
LOCAL BUSINESSKey Building sold in AkronThe high bid for the historic Key Building in downtown Akron was $1.2 million in an online auction Wednesday.The sale of the building, which is nearly 70 percent...
View ArticleTarget’s adjusted fourth-quarter profit beats Wall Street predictions
MINNEAPOLIS: Target’s Neiman Marcus collaboration did not turn out to be a holiday gift to the retailer.The No. 2 discount chain reported fiscal fourth-quarter net income dipped 2 percent as it dealt...
View ArticleStocks surge on housing; Dow nears record
NEW YORK: The Dow Jones industrial average came within 100 points of its all-time high Wednesday after rising sharply for a second straight day.The market surged following more evidence that the Fed...
View ArticleStage Left store exits Akron’s Main Street; boutique inside Civic remains
The Stage Left boutique that benefits the adjacent Akron Civic Theatre is disappearing from downtown’s Main Street but a satellite operation will remain inside the theater.Howard Parr, executive...
View ArticlePortage Path partners with Akron General
A behavioral health agency that treats thousands of low-income Summit County residents is joining with Akron General Medical Center to share psychiatric leadership and develop programs.Portage Path...
View ArticleWeekly U.S. unemployment aid claims drop to 344,000
WASHINGTON: The number of Americans seeking unemployment aid fell 22,000 last week to a seasonally adjusted 344,000, evidence that the job market may be picking up.The four-week average of applications...
View ArticleBusiness news briefs — Feb. 28
LOCAL BUSINESSTimken battles calls for splitTwo huge California investors now are directly telling Timken Co. shareholders that splitting the Canton manufacturer in two will unlock value.Investment...
View ArticleFirstEnergy begins four cash tender offers for $1.08 billion in bonds
Beacon Journal business writerAkron-based FirstEnergy Corp. said Thursday it would begin buying up to $1.08 billion in bonds of its subsidiaries FirstEnergy Solutions and Allegheny Energy Supply Co.The...
View ArticlePUCO investigates Direct Energy problems
The Public Utilities Commission of Ohio has opened an investigation into a natural gas marketer’s multiple billing glitches over the past year.The Beacon Journal reported on several problems that...
View ArticleEconomy barely grew in fourth quarter, but rebound likely
WASHINGTON: The weakest quarter for the U.S. economy in nearly two years could end up being a temporary lull. Economists think growth has begun to pick up on the strength of a sustained housing...
View ArticleSelf-employment in Ohio at lowest level since 2001
DAYTON: Ohio’s number of self-employed residents is at its lowest level since 2001, and its rate of self-employed workers is among the lowest in the nation, according to an analysis of recent economic...
View ArticleBabcock & Wilcox’s future includes acquisitions, executives say
The executives running Babcock & Wilcox Co. say they’re happy with how the global energy industry manufacturer performed in 2012.Revenue and profit were up for the year. Senior managers also expect...
View ArticleMcDonald’s getting rid of items from menu
NEW YORK: McDonald’s is getting rid of its Chicken Selects and Fruit & Walnut Salad, as well as considering the removal of Angus burgers.The world’s biggest hamburger chain also says in an emailed...
View ArticleU.S. consumer spending up 0.2 percent in January
WASHINGTON: U.S. consumers increased spending modestly in January but cut back on major purchases that signal confidence in the economy. The decline in spending on goods suggests higher tax rates that...
View ArticleJ.C. Penney cash drain imperils self-funded makeover
J.C. Penney Co.’s plan to fund its turnaround with cash from operations is in jeopardy as the department store chain’s biggest quarterly loss since 2004 boosts the chances it will need alternative...
View ArticleBusiness news briefs — March 1
LOCAL BUSINESSNew Diebold productDiebold Inc. is making what it calls the world’s first intelligent-powered automated teller machine that can be powered from solar, battery and the electrical grid.The...
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