Business news briefs — April 29
LOCAL BUSINESSAkron gets rankingAkron ranks 27th in the latest Top Cities for Business Growth ranking by financial information website MarketWatch.Twenty metrics were used to rank 100 areas. The...
View ArticleS&P 500 hits record-high finish
NEW YORK: Stock indexes advanced on Monday, lifting the S&P 500 to a record close, as investors embraced the latest corporate earnings reports.Finishing fractionally above its highest finish,...
View ArticleChrysler profit falls 65 percent on lower shipments
DETROIT: Chrysler’s first-quarter profit tumbled 65 percent as shipments of cars and trucks fell while it prepared factories to launch several key new vehicles.The Auburn Hills, Mich., company said...
View ArticleAkron Walk MS draws hundreds, raises thousands
About 800 people took steps recently to help thousands of area residents with an incurable neurological disorder. So far, nearly $92,000 has been raised through this year’s Akron Walk MS, which took...
View ArticleU.S. consumers keep spending despite higher taxes
WASHINGTON: This year got off to a sour start for U.S. workers: Their pay, already gasping to keep pace with inflation, was suddenly shrunk by a Social Security tax increase.Which raised a worrisome...
View ArticleU.S. wages up 0.3 percent in first quarter
WASHINGTON: Americans’ wages increased at a faster rate from January through March than the previous quarter, a trend that helped boost economic growth. But their benefits barely grew.The Labor...
View ArticleMacy’s loses appeal on Martha Stewart goods
NEW YORK: A New York appeals court is allowing J.C. Penney Co. to continue to sell a new line of home goods designed by Martha Stewart.The ruling, which came Tuesday, rejects Macy’s request for a...
View ArticleOhio’s foreclosure inventory dips
The number of Ohio homes in some stage of foreclosure fell slightly over the last year, a new national report says.CoreLogic, a real estate data provider, reported Tuesday that the state’s foreclosure...
View ArticleBusiness news briefs — April 30
LOCAL BUSINESSCleanup plans to be discussedThree local organizations are holding a public meeting Tuesday to discuss plans for spending a $600,000 federal grant to clean up brownfields or contaminated...
View ArticleLegal online poker makes U.S. debut with Fertitta-owned site
Station Casinos LLC, the gambling company led by Las Vegas’ Fertitta family, opened the first legal, online poker site in the U.S. on Tuesday.Players must be at least 21 years old and physically...
View ArticleMillersburg Brewing Co. to open Wednesday
ILLERSBURG: William Baker and Duane Yoder know there’s plenty of interest in their new craft brewery — the first located in Ohio’s Amish country.“We have a lot of nose prints on the windows out front,...
View ArticleTime Warner Cable hires AOL executive
Time Warner Cable Inc., the second-largest cable provider with a division based in Akron, said it hired former AOL Inc. Chief Operating Officer Arthur Minson as chief financial officer, replacing Irene...
View ArticleSelect Medical closes unit for long-term stays at Robinson Memorial Hospital
A specialized unit inside Robinson Memorial Hospital for patients requiring long hospital stays to recover from serious illnesses or injuries has closed.National specialty hospital operator Select...
View ArticleDiebold transformation starts with 700 job cuts in losing quarter
Struggling Diebold Inc. started 2013 with a marquee job cut — that of now-former Chief Executive Officer Thomas Swidarski.The Green maker of automated teller machines and security systems on Tuesday...
View ArticleSurvey: Private employers add just 119,000 jobs in April
WASHINGTON: A private survey shows U.S. companies added just 119,000 jobs in April, the fewest in seven months.The report Wednesday from payroll processor ADP suggests that government spending cuts and...
View ArticleBetty Lin-Fisher: ID theft problem hits close to home
The growing national identity theft problem hit close to home recently as authorities confirmed that thieves stole identities and rang up fraudulent charges on a large number of neighbors in clusters...
View ArticleDow drops 138.85 points
NEW YORK: Signs of a slowing economy dragged down the stock market Wednesday. Even the prospect of continued stimulus from the Federal Reserve didn’t help.Major market indexes fell by 0.9 percent,...
View ArticleFed keeps stimulus, says taxes and spending cuts have hurt
WASHINGTON: The Federal Reserve cautioned America’s political leaders Wednesday that their policies are hurting the economy.The Fed stood by its aggressive efforts to stimulate the economy and reduce...
View ArticleFord leads U.S. carmakers’ gains, first-quarter sweep
Ford, General Motors and Chrysler on Wednesday reported U.S. sales increases for April, building on their first sweep of market share gains in the first quarter of any year in two decades.Ford sales of...
View ArticleBusiness news briefs — May 1
LOCAL BUSINESSGoodyear to dedicate complexGoodyear officially will “open” its new global headquarters in Akron with a ribbon-cutting ceremony at 11 a.m. May 9. The event is not open to the...
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