Meggitt: No brakes on investments in area facility
The new head of a venerable Akron manufacturing business made perhaps his most public local appearance yet Monday, saying Meggitt Aircraft Braking Systems is growing and investing for the...
View ArticleBusiness news briefs — March 25
LOCAL BUSINESSBelden owner in dealWestfield Group, the Australian-based world’s biggest shopping center operator by assets, said it sold half shares in six malls in Florida to O’Connor Capital Partners...
View ArticleStocks drop on concerns about Europe
NEW YORK: Stocks declined Monday, erasing gains that briefly had the S&P 500 index less than one point from its record close, as Wall Street worried about Europe’s troubles.Stocks had initially...
View ArticleSchulze returns to Best Buy as chairman emeritus
MINNEAPOLIS: Best Buy’s co-founder and former chairman Richard Schulze is returning as chairman emeritus.The move comes after Schulze considered making a buyout bid for the electronics retailer but...
View ArticleKent State public health students plan food drive
A group of Kent State University public health graduate students is applying classroom lessons to address a real-life need in their community.Students in the Public Health Programs: Planning,...
View ArticleGM shows updated Buick LaCrosse to set brand apart in New York
General Motors on Monday revealed an updated version of the Buick LaCrosse as it works to refresh the brand’s lineup in the U.S., where it sells fewer vehicles than in China, within a 20-month...
View ArticleMeggitt Aircraft Braking Systems
Facts■ Operating division of Meggitt PLC, based in England.■ Headquartered in Akron, where it also has manufacturing operations. Also has facilities in Kentucky; Coventry, England; and Queretaro,...
View ArticleU.S. home prices rise 8.1 percent, most since mid-2006
WASHINGTON: U.S. home prices rose in January at the fastest pace since the summer of 2006, just before the housing bubble burst. The gain shows the housing recovery is strengthening ahead of the spring...
View ArticleConsumer confidence falls in March
WASHINGTON: Americans are less confident in the economy than they were last month as massive government spending cuts have stoked economic uncertainty.It’s just the latest swing in the way Americans...
View ArticleThree area companies get tax breaks; one plans to move from Hudson to Twinsburg
Three companies are in line to get state tax breaks totaling nearly $880,000, including a Wooster company that plans to create 120 new jobs.Wooster Tool & Die plans to use its $433,595 tax credit...
View ArticleBusiness news briefs — March 26
Local BusinessCareer fair attracts 700 peopleThe Akron Beacon Journal’s Career Fair, organized in conjunction with the Ohio Job Center in Akron, attracted roughly 700 job seekers Tuesday.A total of 24...
View ArticleMyers Industries faces proxy contest again from large shareholder
Myers Industries Inc.’s largest shareholder still wants a seat on the Akron manufacturer’s board of directors and says the company is underperforming and is undervalued.For the fifth year in a row,...
View ArticleSummit County jobless rate falls to 7.2 percent
Summit County’s jobless rate showed a healthy drop last month.The county jobless rate fell to 7.2 percent in February from 8 percent in January, according to figures the state released Tuesday.Summit...
View ArticleTime of transition in video game industry
It’s a time of transition for the video game industry.With last year’s launch of the Wii U, the impending arrival of the PlayStation 4 and the likelihood of a new Xbox on the horizon, the next...
View ArticleS&P nears record as home price surge lifts stocks
NEW YORK: The Standard & Poor’s 500 index closed within a short reach of its all-time high on Tuesday. Rising home prices and orders for manufactured goods drove stocks up from the opening bell.The...
View ArticleDevelopers struggle to get backing needed for new hotel in downtown Akron
Akron’s inability to attract a new hotel downtown isn’t for lack of interest.Four potential sites for a hotel have been identified, with developers attached to three of them.The problem is money.Deputy...
View ArticleTimken shareholders launch website to step up pressure to split company
Timken Co.’s large activist shareholders have set up a website to make their case ahead of the company’s annual shareholders meeting that the Canton steel and bearings maker should be split into two...
View ArticleBusiness news briefs — March 27
LOCAL BUSINESSBiomedical company arrivesA small start-up medical technology company founded in Kentucky that is developing a spinal fusion sensor called the IntelliRod will call Akron home. Biomedical...
View ArticleChina rubber use seen steady in shift from heavy trucks to cars
Rubber demand in China, the world’s largest auto market, could be unchanged this year as consumption by the heavy-truck sector slows while tire output for passenger vehicles climbs, according to...
View ArticleWalmart tests in-store lockers for online orders
SAN BRUNO, CALIF.: Wal-Mart Stores Inc., the world’s largest retailer, said it’s setting up lockers in about a dozen stores so that shoppers who order on its website can pick up their items without...
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