Cleveland Fed chief said that the Fed should expect wages to rise with prices, rather than lead price gains.» Read More
CLEVELAND-- Cliffs Natural Resources Inc. said Wednesday its third-quarter net income dropped nearly 86 percent as the mining company saw a steep drop in the price of iron ore, and higher labor and mining costs.
LORDSTOWN, Ohio-- President Barack Obama's decision to help America's automakers could end up being what helps drive him back into the White House.
MANITOWOC, Wis.-- Around lunchtime each day, the latest missives promoting or pillorying Democratic President Barack Obama and Republican nominee Mitt Romney arrive in Diane Ouradnik's mailbox. Senior citizens are getting dueling pieces from Obama and Romney casting the other as detrimental to Medicare.
CLEVELAND-- Manufacturing parts and services provider Applied Industrial Technologies Inc. said on Tuesday that its fiscal first-quarter net income rose almost 12 percent as revenue grew and some expenses fell.
Nearly half of all robberies in San Francisco this year are cell phone-related, police say, and most occur on bustling transit lines. And, in nearby Oakland, City Council candidate Dan Kalb was robbed at gunpoint of his iPhone Wednesday after he attended a neighborhood anti-crime meeting.
The deal would value American Greetings at around $581 million. American Greetings' shares fell 7 cents to close at $16.99 Friday. American Greetings' brands include Carlton Cards, Recycled Paper Greetings and Papyrus.
CLEVELAND-- Unemployment rates fell last month in nearly all of the battleground states that will determine the presidential winner, giving President Barack Obama fresh fodder to argue that voters should stick with him in an election focused squarely on the economy.
PITTSBURGH-- A former Pittsburgh Steelers doctor who left the team after investigators questioned his bulk purchase of anabolic steroids has been indicted for illegally prescribing the muscle-building aids and other drugs.
KeyCorp's rally may fade Friday, a day after better-than-expected third-quarter results pushed the bank's stock to near a 52- week high. After Thursday's 4.4 percent gain, KeyCorp shares are too expensive to merit a "Buy" rating, Citi Research analysts said in a note to clients Friday. KeyCorp closed Thursday at $8.78, up 14 percent this year.
CLEVELAND-- Sherwin-Williams Co. said Thursday a quarterly dividend of 39 cents per share, payable on Nov. 30 to shareholders of record as of Nov. 16. In addition Sherwin-Williams's board voted to submit a proposal to shareholders to adopt a majority voting standard for electing board members in uncontested elections.
CLEVELAND-- KeyCorp's net income rose in the third quarter, as the regional bank operator generated more revenue from fees and interest on loans. The results beat analysts' expectations, and KeyCorp stock gained in morning trading. KeyCorp's total revenue rose 2 percent, to $1.12 billion from $1.04 billion in the same period a year earlier.
NEW ORLEANS-- The NFL is again urging a federal judge to avoid interfering in Commissioner Roger Goodell's efforts to discipline four players for the Saints' cash-for-hits bounty pool.
CLEVELAND-- Parker Hannifin Corp., which makes industrial hoses, airplane wheels and other products, said Wednesday that it has agreed to buy Sea Recovery from Denmark's Danfoss A/S. Cleveland- based Parker Hannifin will assume ownership of the business on Nov. 1. Parker Hannifin shares rose $1.85, or 2.3 percent, to $83.82 in afternoon trading Wednesday.
At the University of Cincinnati, 200 students were expected to turn out to watch the second debate between Barack Obama and Mitt Romney. "It goes without saying that the knives were out," said Karim Aladmi, a 21- year-old international affairs major from Dayton, Ohio, who wore a suit and tie for the occasion.
CLEVELAND-- Diversified manufacturer Eaton Corp. said Tuesday that three major independent proxy advisory firms have recommended that Eaton shareholders vote in favor of the company's pending acquisition of Cooper Industries plc.
NEW ORLEANS-- A federal magistrate judge has ordered NFL Commissioner Roger Goodell to provide the court with documents related to the league's bounty investigation of the New Orleans Saints. NFL spokesman Greg Aiello said league officials have already discussed the order with Knowles and have agreed to comply.
New Cleveland Browns owner Jimmy Haslam III said Tuesday that Holmgren was out as team president, although the Super Bowl-winning coach will remain with the franchise to help in the transition. Haslam was introduced as the Browns' new boss after the 32 NFL owners unanimously approved his $1 billion purchase of the team from Randy Lerner.
The signs will be up through the Nov. 6 election day in the Cleveland and Milwaukee areas and were paid for by an anonymous " Family Foundation," according to a spokesman for Clear Channel Outdoor, which owns the billboards and placed the signs.
NEW ORLEANS-- All four players punished in the NFL's bounty investigation have filed appeals with the league. One of the people also says New Orleans linebacker Jonathan Vilma expects to play at Tampa Bay on Oct. 21 while his appeal is pending.
SHELBY, N.C.-- North Carolina health officials say an E. coli outbreak is responsible for the illness of 13 people who attended the Cleveland County Fair. State health officials say people from Cleveland, Gaston and Lincoln counties have reported becoming sick after visiting the fair in Shelby.