Loretta Mester, Cleveland Federal Reserve President, talks about yesterday's hearings and whether the Fed has been too politicized. She also says she believes a June rate rise should definitely be an option.» Read More
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.
CHICAGO-- Just three weeks after the resolution of Chicago's first teachers' strike in a quarter-century, Mayor Rahm Emanuel's efforts to improve schools face more upheaval with the resignation of the public school system's CEO.
*Wal-Mart lines up 6 major health centers for procedures. *Wal-Mart has covered transplants since 1996 By Jessica Wohl.
WASHINGTON-- A Federal Reserve survey released Wednesday found that the economy grew modestly in the late summer, bolstered by solid gains in housing. The report is based on anecdotal information from the regional districts and covers the period from mid-August to Sept. 28. The region's economy expanded modestly.
NEW YORK, Oct 10- Small and midcapitalization stocks slipped on Wednesday, dragged down by the latest warnings from companies including Avnet Inc as U.S. third-quarter earnings reports got under way. The reporting period began with results from Dow component Alcoa after Tuesday's stock market close.
NEW ORLEANS-- Jonathan Vilma, Will Smith and the NFL players union left little doubt they remain determined to challenge Commissioner Roger Goodell's authority to suspend players in connection with the league's bounty investigation of the New Orleans Saints.
The Ohio Casino Control Commission reported Tuesday that combined wagers in September at casinos in Cleveland and Toledo were $331.8 million, down 5 percent from August's $349.6 million. Wagers dropped 9 percent in September at the Toledo casino to $152.9 million and dipped 1.5 percent in Cleveland to $178.7 million.
CLEVELAND-- Ferro Corp.' s shares plunged 23 percent Wednesday after the specialty chemical company lowered its guidance and said it is exploring the strategic options for its solar paste business. That is down from its prior forecast of 14 to 17 cents per share.
CHILLICOTHE, Ohio-- Josh Mandel, the Republican nominee for the U.S. Senate, declines to take a stand on the 2009 bailout of the auto industry and reserves judgment on vice presidential candidate Paul Ryan's plans for Medicare.