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Top News & Analysis Cleveland

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  • CLEVELAND _ Forest City Enterprises Inc. on Tuesday reported second-quarter net income of $297.2 million, after reporting a loss in the same period a year earlier. On a per-share basis, the Cleveland- based company said it had profit of $1.18. Keywords: Forest City Enterprises, Earnings Report.

  • CLEVELAND _ Parker-Hannifin Corp. on Tuesday reported fiscal fourth-quarter earnings of $179.5 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.85 per share. Parker-Hannifin expects full-year earnings in the range of $6.65 to $7.35 per share.

  • CLEVELAND _ TransDigm Group Inc. on Tuesday reported fiscal third-quarter net income of $99.1 million, after reporting a loss in the same period a year earlier. TransDigm expects full-year earnings in the range of $8.64 to $8.78 per share, with revenue in the range of $2.69 billion to $2.71 billion. TransDigm shares have risen 17 percent since the beginning of...

  • COLUMBUS, Ohio— Ohio governor and Republican presidential hopeful John Kasich has publicly reported that he and his family are worth between $9 million and $22 million. The 63- year-old Kasich entered the race July 21 to become the 16th major GOP candidate this cycle. Before he was elected Ohio governor in 2010, Kasich spent 10 years at the now-defunct Wall...

  • TFS Financial posts 3Q profit Thursday, 30 Jul 2015 | 5:45 PM ET

    CLEVELAND _ TFS Financial Corp. on Thursday reported fiscal third-quarter earnings of $17.3 million. TFS Financial shares have climbed 14 percent since the beginning of the year. Keywords: TFS Financial, Earnings Report.

  • U.S. steel companies in June had filed a complaint with the U.S. government over cheaper imports of corrosion-resistant steel from China, India, Italy, South Korea and Taiwan, kicking off a process that could end in import duties. Cliffs has taken a hit from weak prices for iron ore, caused by excess supply from major iron ore miners such as Vale SA, Rio Tinto Plc and BHP...

  • Cliffs misses Street 2Q forecasts Wednesday, 29 Jul 2015 | 8:24 AM ET

    CLEVELAND _ Cliffs Natural Resources Inc. on Wednesday reported second-quarter net income of $60.2 million, after reporting a loss in the same period a year earlier. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 11 cents per share. Three analysts surveyed by Zacks expected $610.5 million.

  • Miner Cliffs Natural posts Q2 profit on lower costs Wednesday, 29 Jul 2015 | 8:15 AM ET

    July 29- Iron ore and coal producer Cliffs Natural Resources Inc reported a second-quarter profit, compared with a year-ago loss, helped by lower costs. The company reported a net profit attributable to shareholders of $60.2 million, or 39 cents per share, for the quarter ended June 30, compared with a loss of $1.9 million, or 2 cents per share, a year earlier.

  • CBIZ posts 2Q profit Wednesday, 29 Jul 2015 | 6:45 AM ET

    CLEVELAND _ CBIZ Inc. on Wednesday reported second-quarter earnings of $6.6 million. On a per-share basis, the Cleveland- based company said it had net income of 13 cents. CBIZ shares have risen 12 percent since the beginning of the year.

  • Lincoln Electric beats 2Q profit forecasts Monday, 27 Jul 2015 | 7:36 AM ET

    CLEVELAND _ Lincoln Electric Holdings Inc. on Monday reported second-quarter profit of $70.9 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 91 cents per share. Lincoln Electric shares have declined 16 percent since the beginning of the year.

  • *Los Angeles, Chicago claimed bank targeted minorities. July 17- Wells Fargo& Co won the dismissal of two lawsuits on Friday that had accused the largest U.S. mortgage lender of violating the federal Fair Housing Act by engaging in predatory lending practices in Los Angeles and Chicago. The lawsuits by the city of Los Angeles and by Cook County, Illinois, which...

  • "Reports continued to reflect decreases in oil and natural gas drilling activity in Cleveland, Minneapolis, Kansas City, and Dallas," the Fed said. "Reports of capital spending declines continued in Cleveland, Atlanta, and Dallas, resulting in some labor cutbacks in Atlanta and Dallas." It said heavy machinery manufacturers in Chicago noted weak demand from the oil...

  • WASHINGTON, July 15- Federal Reserve Chair Janet Yellen on Wednesday resisted calls for more congressional oversight and intervention into the U.S. central bank, as members of a House of Representatives panel criticized her and other policymakers for failing to be more accountable. Representative Sean Duffy, a Wisconsin Republican, pulled no punches during...

  • Treasuries prices fell on Friday with yields hitting their highest in a week as a second-day recovery of Chinese stock prices and hopes of a Greece debt deal reduced the safehaven allure of U.S. government debt. The rush from Treasuries intensified after remarks from Federal Reserve Chair Janet Yellen who told a local business group in Cleveland, Ohio that she...

  • *Euro zone ministers to meet on Saturday to decide on Greece. July 10- Wall Street was set to open sharply higher on Friday on hopes that Greece might be able secure fresh funding and after China's premier said the country's economic growth was stabilizing. Greece has asked for $59 billion to help cover debts until 2018 and has pledged new tax hikes in return.

  • Treasuries prices fell on Friday with yields hitting their highest in a week as hopes of a Greece debt deal and a second-day recovery of Chinese stock prices reduced the safehaven allure of U.S. government debt. The standoff between Greece and its creditors, and the dramatic drop in the Chinese stock market until the past 48 hours had caused some traders to bet on...

  • July 10- U.S. stock index futures were sharply higher on Friday after Greece made substantial concessions in its latest bid to win new funds from creditors and avert bankruptcy. *Greece has asked for $59 billion to help cover debts until 2018 and has pledged new tax hikes in return. *Investors will also look for clues regarding the timing of an interest rate hike in...

  • DIARY-Top Economic Events to July 23 Thursday, 9 Jul 2015 | 8:00 PM ET

    LONDON- Bank of England's Paul Fisher speaks at the Culture and Conduct summit. CLEVELAND, United States- Federal Reserve Chair Janet Yellen speaks before the City Club of Cleveland- 1600 GMT. VICTOR, United States- Federal Reserve Bank of Boston President Eric Rosengren speaks before the Annual Rocky Mountain Economic Summit hosted by the Global...

  • REIT rate hike fallout fears may be overdone Thursday, 9 Jul 2015 | 3:43 PM ET

    July 9- After a meteoric rise in 2014, shares in many real estate investment trusts have crashed back to earth this year as the market braces for a U.S. interest rate hike, but the reversal in sentiment may have gone too far. But not all REITs suffer equally when rates fall, and a broad selloff may be a "knee-jerk reaction," said Jim Sullivan, managing director at Green...

  • DIARY-Top Economic Events to July 22 Wednesday, 8 Jul 2015 | 8:00 PM ET

    WASHINGTON- Federal Reserve Board Governor Lael Brainard speaks on regulatory reform and implementation five years after the passage of the Dodd-Frank Act before the Bipartisan Policy Center Financial Regulatory Reform Initiative and Managed Funds Association- 1415 GMT. STILLWATER, United States- Federal Reserve Bank of Kansas City President Esther...