Cleveland Fed chief said that the Fed should expect wages to rise with prices, rather than lead price gains.» Read More
CLEVELAND— The Port of Cleveland will soon have a second freighter traversing the Atlantic Ocean. Despite financial losses on its freighter to Europe, the Cleveland- Cuyahoga County Port Authority has reached an agreement with its Dutch partner to add a second ship to the trans-Atlantic service.
DALLAS- Federal Reserve Bank of Dallas President Richard Fisher moderates panel, "Perspectives on the Fed's Role in International Crises" before a conference hosted by the Federal Reserve Bank of Dallas- 2100 GMT.
CLEVELAND— Federal authorities say a Mexican citizen who lived in the Cleveland area defrauded investors in four states in a $9.6 million scheme over six years and used the money for a lavish lifestyle. They say the former Gates Mills resident is believed to be in Mexico.
CLEVELAND— A harsh winter and low inventory have driven up prices for road salt so much that the Ohio Department of Transportation will use an Indiana supplier to meet the needs of the state and communities that had problems obtaining salt at affordable prices.
CHICAGO— Philadelphia Daily News Editor Michael Days and the New Haven Register received the 13th annual Robert G. McGruder Award for Diversity Leadership at the Associated Press Media Editors-American Society of News Editors conference on Tuesday.
STOCKHOLM- Sveriges Riksbank will release the minutes of September monetary policy meeting- 0730 GMT. STOCKHOLM- Sweden Central Bank Deputy Governor Martin Floden speaks on the topic "The economic situation and my views on monetary policy"- 0900 GMT.
DAYTON, Ohio— Officials of the aircraft manufacturer Airbus planned to meet Monday with representatives of nearly 100 Ohio companies to talk about doing more business with them.
MILAN- EU finance ministers and central bankers meet in Milan. ECB President Mario Draghi, Vice President Vitor Constancio and ECB Supervisory Board Chair Daniele Nouy to attend. PARIS- Chinese Vice Premier Ma Kai to chair the second China-France High-Level Economic and Financial dialogue in France with French Finance Minister Michel Sapin.
Treasury Deputy Secretary Sarah Bloom Raskin attends the Making Home Affordable Help for Homeowners event in Baltimore- 1700 GMT. Speakers:- Latvia Prime Minister Laimdota Straujuma, OECD Secretary-General Angel Gurria, Norway Defense Minister Eriksen Soreide, Georgia Foreign Minister Maia Panjikidze and Poland Defense Minister Tomasz Siemoniak.
DALLAS— For passengers traveling between smaller cities and large hub airports, the ticket may say Delta, American or United, but they're likely flying on a regional airline whose planes are painted in the major carrier's colors.
District Judge Katherine Polk Failla dismissed a lawsuit by the New York Bankers Association, which said the law gave the city illegal power to regulate banks and conflicted with federal and state law.
LOS ANGELES, Sept 8- Mooo-ve over milk, Starbucks Corp is testing coconut milk in stores in Los Angeles, Cleveland and Oregon as alternatives to traditional dairy products grow more popular. Starbucks, which has nearly 11,800 cafes in the United States, regularly tests new products.
CLEVELAND— A new Akron company is marketing drones to farmers as a way to keep an eye on hundreds of acres of fields. A report Sunday in the Plain Dealer says the company is working with Ohio State University's Agricultural Research and Development Center in Wooster to refine the art of crop scouting.
NEW YORK, Sept 4- Fast-food workers in 150 U.S. cities kicked off protests for a $15- per-hour wage that included a sit-down in New York's Times Square, where 19 demonstrators were arrested on Thursday, police said.
Sept 4- Fast-food workers in more than 150 U.S. cities are planning protests on Thursday to press for a wage increase to $15 an hour and allow them to unionize jobs from the fry-basket at McDonald's to the cash register at Burger King.
WASHINGTON, August 18- Establishing a tax domicile abroad to avoid U.S. taxes is a hot strategy in corporate America, but many companies that have done such "inversion" deals have failed to produce above-average returns for investors, a Reuters analysis has found.
*Investors fret over Argentina default fallout. *Exxon, Whole Foods both fall after results. NEW YORK, July 31- U.S. stocks slumped in a broad decline on Thursday, with the S&P 500 falling below a key technical level and erasing its gains for the month as concerns mounted over the strength of overseas economies and ongoing tensions with Russia.
CLEVELAND, July 29- Casablanca Capital triumphed on Tuesday in its proxy battle with miner Cliffs Natural Resources Inc, preliminary estimates show, putting the hedge fund in a position to replace Cliffs' chief executive and sell off underperforming assets.
*$1 billion repurchase to be completed within three years. *Adjusted profit of $2.34 a share compares with $2.19 estimate. July 24- United Continental Holdings Inc reported a stronger-than-expected second-quarter profit aided by higher prices and said it plans to buy back $1 billion of stock, sending its shares up nearly 4 percent.
Cliffs, a Cleveland- based iron ore and metallurgical coal producer, is locked in a proxy battle with Casablanca, which owns 5.2 percent of Cliffs' stock and accuses the company of destroying shareholder value. Casablanca wants to replace Cliffs' chief executive officer with its own nominee and six of the 11 board members, a majority, with its candidates.