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WEST CHESTER, Ohio— AK Steel Holding Corp. on Tuesday reported a smaller loss in its second quarter, and topped analysts' expectations. The West Chester, Ohio- based company posted a loss of $17.1 million, or 13 cents per share, compared with a loss of $40.4 million, or 30 cents per share, in the same quarter a year earlier.
*Second-quarter adj. profit 2 cents/ shr vs est loss 4 cents/ shr. July 29- AK Steel Holding Corp reported a surprise quarterly profit as prices rose and it shipped more steel, sending its shares up nearly 8 percent to their highest in two years.
July 29- Chesapeake Energy Corp said it would spend $1.26 billion to buy back all of the outstanding preferred shares issued by its CHK Utica unit to simplify its balance sheet and eliminate about $75 million in annual dividend payments.
TAVARES, Fla.— When Arun and Usha Pancholi were deciding where to spend their retirement years, they wanted a place that combined the culture and camaraderie of life in India with the comforts and conveniences they had grown accustomed to after nearly five decades in Minnesota and Ohio.
WASHINGTON— Familiar with the Export-Import Bank? In all likelihood, most voters in Louisiana and Virginia aren't either. Even some lawmakers say they never heard of the Export-Import Bank before becoming members of Congress.
*Russia stocks tumble again after new sanctions. Wall Street ended flat as the latest deal news offset losses following soft data on the housing market and services sector.
HAMILTON, Ohio— Expansion of an auto-parts manufacturing operation is expected to add 214 jobs in the southwest Ohio city of Hamilton. The private job-creation agency JobsOhio, the Regional Economic Development Initiative of Cincinnati, and the city of Hamilton worked together on economic incentives for the company.
*Dollar Tree offers to buy Family Dollar; deal valued at $9.2 bln. Dollar Tree Inc offered to buy rival discount chain Family Dollar Stores Inc for about $8.5 billion. The transaction, including debt, values Family Dollar at about $9.2 billion.
RALEIGH, N.C.— Duke Energy Progress has agreed to purchase the generating capacity of ElectriCities in a $1.2 billion deal expected to translate into lower power bills for thousands of eastern North Carolina residents.
MEDINA, Ohio— RPM International plans to spend nearly $800 million as part of a preliminary deal to fund a trust that resolves asbestos personal injury claims tied to a business owned by its Specialty Products Holding Corp.. The Medina, Ohio, company said Monday that the agreement still needs the approval of the claimants as well as the U.S. Bankruptcy Court.
DAYTON, Ohio— Ohio's bumper crop of corn this year means lower prices at the supermarket and vegetable stands. Per-bushel corn prices have dropped 38 percent since last July, John Miyares, a statistician with the National Agricultural Statistics Service's Great Lakes Regional Field Office, told The Dayton Daily News.
COLUMBUS, Ohio— Ohio motorists will find lower gas prices to start the work week. The average price for a gallon of regular gas was $3.37 in Monday's survey from auto club AAA, the Oil Price Information Service and WEX Inc. That's 12 cents less than a week ago— and 29 cents lower than a month ago in Ohio. The lowest average in the state was $3.22 in Toledo.
Cedar Point spokesman Bryan Edwards said a cable on one of the Skyhawk ride's carriages disconnected late Saturday. Kevin Gregg of Barnegat, New Jersey, operator of an online amusement park fan site called Themeparkmaniacs.com, told The Plain Dealer of Cleveland the ride slowed down to a stop with riders screaming.
COLUMBUS, Ohio— Ohio State University says a task force will be formed to help bring changes after the firing of its celebrated marching band's director amid allegations he ignored rampant sexual harassment. The university intends to name the task force members within days, the Columbus Dispatch reported Saturday.
A look at some of the facts about Ohio jobs and the politics behind the debate:. Ohio's nonfarm employment was more than 5.3 million in June. Ohio's unemployment rate has fallen steadily since 2010, from 10.6 percent in January 2010 to 5.5 percent in May and June, the lowest rate since before the recession.
Jeff Miller, R- Fla., chairman of the House veterans panel, and his Senate counterpart, Sen. He traveled to Philadelphia for a conference and was also planning to go home to Vermont. The House and Senate are set to adjourn next week until early September, and lawmakers from both parties have said completing a bill on veterans' health care is a top priority.
COLUMBUS, Ohio— Ohio's attorney general says his office has collected more than $471 million in debts owed to state and local government offices in a record year. Attorney General Mike DeWine's office serves as the collections agent for all state government entities and public colleges.
JEFFERSON CITY, Mo.— A national freight brokerage firm plans to open a new office in St. Louis that could employ 95 people within the next five years. With the addition of the Missouri office, the company will have locations in 14 states and employ more than 2,800 people.
Of the major oil- and gas-producing states, North Dakota and Louisiana gained six each, Ohio and Oklahoma were up two apiece and Colorado one. Texas lost 10 rigs, Alaska was off four, California and New Mexico were down two each and Kansas and Pennsylvania each dropped one. Arkansas, Utah, West Virginia and Wyoming were unchanged.
NEW YORK— Wall Street is still hungry for fast-casual restaurant chains. Others, including Zoe's Kitchen Inc., Potbelly Corp. and Noodles& Co., also climbed in their initial public offerings.