Martha Stewart denies wrongdoing in Penney deal
NEW YORK: Home diva Martha Stewart testified in court on Tuesday that she did nothing wrong when she signed an agreement to open up shops within most of J.C. Penney’s stores across the country.Stewart...
View ArticleFerro exec says company’s not interested in selling to Schulman
Ferro Corp.’s top executive on Tuesday indicated the Mayfield Heights chemical company’s strategy to return to growth and profitability does not involve selling itself to Fairlawn-based A. Schulman...
View ArticleBuildings to be razed for new student housing, retail project
Work has begun on a new $40 million private student housing and retail development at the University of Akron’s front door.Buildings that date to the 1920s and front East Exchange will be razed — as...
View ArticleDow hits record, erasing Great Recession losses
NEW YORK: Five and a half years after the start of a frightening drop that erased $11 trillion from stock portfolios and made investors despair of ever getting their money back, the Dow Jones...
View ArticleStock indexes recover to pre-Great Recession levels
The U.S. stock market has rebounded nicely from the 2009 lows of the Great Recession.The 30-stock Dow Jones industrial average hit an all-time high on Tuesday, besting its previous high set Oct. 9,...
View ArticlePrivate survey shows steady job gains in February
WASHINGTON: A private survey shows U.S. businesses added a solid number of jobs in February, indicating higher taxes and looming government spending cuts have yet to slow hiring.Employers added 198,000...
View ArticleEuropean Union fines Microsoft $733 million for breaking browser pact
AMSTERDAM: The European Union has fined Microsoft (euro) 561 million ($733 million) for breaking a pledge to offer personal computer users a choice of Internet browsers when they install the company’s...
View ArticleOhio sees record number of new business filings
More than 88,000 businesses filed paperwork to set up shop in Ohio last year — the highest number in the state’s 209-year history.The total of 88,068 new entities in 2012 marked the third year in a row...
View ArticleBusiness news briefs — March 6
LOCAL BUSINESSMedical career fair in StowThe Stow campus of National College (www.national-college.edu) at 3855 Fishcreek Road said it will host a medical career fair from 4-6 p.m. today The event is...
View ArticleFederal Reserve: U.S. economy is growing
WASHINGTON: Strong auto sales, hiring gains and a continued housing recovery helped the U.S. economy grow throughout the country in January and February, according to a survey released Wednesday by the...
View ArticleGM to hire 1,000 for tech center near Phoenix
PHOENIX: General Motors will open a new information technology innovation center in the Phoenix suburb of Chandler and begin hiring what will eventually be 1,000 high-tech employees for the new...
View ArticleStocks gain as Dow extends record rise
NEW YORK: Stocks on Wednesday finished mostly higher, with the blue-chip Dow Jones industrial average extending its record rise after an encouraging report on private payroll growth.The S&P 500...
View ArticleSmucker now an official Olympic sponsor
The United States Olympic Committee on Wednesday announced that J.M. Smucker Co. of Orrville has become a sponsor of the 2014 and 2016 Olympic Games and Paralympics for competitions in Sochi, Russia;...
View ArticleFirstEnergy unveils new technology to connect with customers
FirstEnergy Corp. is introducing a new program using technology to help customers stay on top of power outages and access to their company accounts.The Akron-based parent of Ohio Edison and 10 utility...
View ArticleWeekly U.S. unemployment claims fall to 340,000
WASHINGTON: The number of Americans seeking unemployment aid fell to a seasonally adjusted 340,000 last week, driving down the four-week average to its lowest level in five years. The drop is a...
View ArticleFacebook adds more personal touches to News Feed
MENLO PARK, Calif.: Facebook CEO Mark Zuckerberg has unveiled a new look for the social network’s News Feed, the place where its 1 billion users congregate to see what’s happening with their friends,...
View ArticleRetailers report modest sales gains for February
NEW YORK: Americans cut back on spending in February as cold weather and economic challenges slowed the buying of spring merchandise.The nation’s retailers on Thursday reported that sales slowed in...
View ArticleBusiness news briefs — March 7
LOCAL BUSINESSCoal work at Barberton plantBabcock & Wilcox continues to move ahead with its carbon-capture and related technology for coal-fired power plants. Charlotte, N.C.-based B&W said its...
View ArticleShareholders group criticizes Ferro over handling of Schulman buyout offer
A shareholders group waging a proxy contest with Ferro Corp. says it is disappointed with the Mayfield Heights’ chemical company’s response this week to a buyout offer from A. Schulman Inc.The...
View ArticleFacebook’s new News Feed has bigger photos, choice of updates
Facebook showed off a redesign of its News Feed on Thursday that features bigger pictures, a cleaner look and a series of optional feeds that will let users focus on photos, music or other specialized...
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