GM is seeking up to $10,000 in Volt cost savings, Akerson says
Losing money on every Chevrolet Volt it sells, General Motors wants to cut as much as $10,000 per car from production costs to make the next generation of the plug-in hybrid affordable and profitable,...
View ArticleChesapeake awaiting pipelines, processing plants for Utica shale natural gas
Chesapeake Energy Corp. remains convinced that Ohio’s Utica shale will be productive, once needed natural gas pipelines and processing plants are completed.“Processing is really the holdup,” Chief...
View ArticleU.S. jobless claims fall to 5-year low of 324,000
WASHINGTON: The number of Americans seeking unemployment aid fell last week to seasonally adjusted 324,000, the lowest since January 2008. The drop points to fewer layoffs and possibly more hiring.The...
View ArticleGM profit falls 14 percent in first quarter; Europe loss narrows
DETROIT: General Motors’ net income fell 14 percent in the first quarter, as it earned less money in North America while preparing to launch a redesigned version of its best-selling vehicle, the...
View ArticleUS trade deficit falls to $38.8 billion in March
WASHINGTON: The U.S. trade deficit narrowed in March for a second month as the daily flow of imported crude oil dropped to the lowest level in 17 years. The deficit with China hit a three-year low.The...
View ArticleU.S. worker productivity rises just 0.7 percent in Q1
WASHINGTON: U.S. worker productivity barely grew from January through March after shrinking in the final three months of 2012. Weak productivity growth could prompt employers to hire more if consumers...
View ArticleBusiness news briefs — May 2
LOCAL BUSINESSFirstEnergy receives honorFor the 15th consecutive year, FirstEnergy Corp. has been recognized as a Tree Line USA utility by the National Arbor Day Foundation.The Akron energy company was...
View ArticleProposal would give cash rebates to Ohio employers
COLUMBUS: Ohio employers could see $1 billion in cash rebates this summer from the state insurance fund for injured workers under a proposal announced Thursday.About 210,000 businesses and public...
View ArticleGM narrows first-quarter loss in Europe to less than Ford’s
General Motors Co., after losing more than $18 billion in Europe since 1999, narrowed its first-quarter loss in the region, outpacing Ford Motor Co. and helping the automaker beat analysts’ earnings...
View ArticleAkron Children’s to run Aultman pediatric unit
Akron Children’s Hospital is taking over the inpatient pediatric unit at Aultman Hospital in Canton.The tentative deal announced Thursday is the latest example of Children’s ongoing efforts to offer...
View ArticleWarren Buffett: Women are key to America’s prosperity
Warren Buffett, the billionaire investor, urged corporate America in an essay published online Thursday to help develop women’s workplace potential, arguing women are the key to America’s economic...
View ArticleDecades-old question: Is antibacterial soap safe?
WASHINGTON: It’s a chemical that’s been in U.S. households for more than 40 years, from the body wash in your bathroom shower to the knives on your kitchen counter to the bedding in your baby’s...
View ArticlePilot and Haslam sued by trucking firm for fuel rebate fraud
Pilot Corp. and Chief Executive Officer Jimmy Haslam have been sued by a Wisconsin trucking firm over federal allegations that Pilot Flying J truck-stop business cheated customers on fuel rebates.The...
View ArticleSearch warrants executed in Columbus schools probe
COLUMBUS: Authorities looking into alleged fraud swept across the Columbus City School District on Thursday, seizing records from several high schools and perplexing district officials who said they...
View ArticleOhio foreclosures down again in 2012
COLUMBUS: The Ohio Supreme Court says the number of new mortgage foreclosures in the state was down in 2012 for the third consecutive year.The court said Thursday that the 70,469 new foreclosure...
View ArticlePayrolls in U.S. rise 165,000 as unemployment drops to 7.5%
Employment picked up more than forecast in April and the jobless rate unexpectedly declined to a four-year low of 7.5 percent, showing the early stages of government budget cuts failed to destabilize...
View ArticleYRC says operating income was a positive number for first time in six years
Trucking company YRC Worldwide Inc. (Nasdaq: YRCW) reported Friday that it had $9.9 million in operating income for its first quarter ended March 31. The company said it marked the first time that had...
View ArticleBusiness news briefs — May 3
LOCAL BUSINESSNew leadership directorColleen Rice has been named executive director of Leadership Medina County.Rice has been community relations specialist and public information officer at the Medina...
View ArticleNewell Rubbermaid to sell hardware and teach platform businesses
Newell Rubbermaid Inc., the maker of Sharpie pens and Calphalon cookware, said Friday it would put its Hardware and Teach Platform businesses up for sale as part of a restructuring plan to boost...
View ArticleHow much risk to take? Assessing fund volatility
The stock market is in a groove. The Standard & Poor’s 500 has climbed six months in a row and finished April at another record high. So far this year the index is up about 12 percent.That sounds...
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