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  • Northeast braces for massive snowstorm Sunday, 25 Jan 2015 | 1:19 AM ET

    NEW YORK— A winter that has largely spared the Northeast thus far is about to arrive with gusto: a storm the National Weather Service called "potentially historic" could dump 2 feet or more of snow between New York and Boston. New York City, Boston and Connecticut should expect whopping snow totals of up to 2 feet, he said. "Looks like our luck is about to run out," John...

  • Richmond- based Dominion Resources is partnering with other utilities to build the $5 billion Atlantic Coast Pipeline, which would cross the Blue Ridge Mountains to deliver gas from Pennsylvania, Ohio and West Virginia. Friday's rally was organized by the Sierra Club and Friends of Nelson, a group of property owners in Nelson County who live along the proposed...

  • Venezuela eyes double-digit yield on Citgo debt sale Friday, 23 Jan 2015 | 11:13 AM ET

    NEW YORK, Jan 23- Venezuela's US oil-refining unit Citgo will probably have to pay double-digit yields to lure investors into a US $2.5 bn financing package aimed at pumping new cash into its state-owned parent PDVSA. With some US $10 bn in debt payments due this year, cash-strapped Venezuela is pledging some of its most valuable assets abroad to raise new cash, as...

  • Officials warn about New Jersey's roads and bridges Friday, 23 Jan 2015 | 11:10 AM ET

    Chris Christie's transportation commissioner, along with outside groups are stepping up warnings about the dire state of New Jersey's bridges, roads and tunnels. The trust fund brings in about $1.2 billion in revenue, but those funds pay down the program's debt, while new projects are paid for through bonding and cash infusions from the Port Authority of New...

  • First Citizens posts 4Q profit Friday, 23 Jan 2015 | 8:39 AM ET

    SANDUSKY, Ohio _ First Citizens Banc Corp. on Friday reported net income of $2.3 million, or 21 cents per share, in its fourth quarter. The Sandusky, Ohio- based bank said it had earnings of 21 cents per share. Keywords: First Citizens Banc, Earnings Report.

  • ATHENS, Ohio— Ohio University trustees are softening the blow of hefty tuition and campus housing increases for new students next year by guaranteeing the rates won't rise again during the students' four years on campus. Total annual costs under the plan are $22,400, The Columbus Dispatch reported Friday. Ohio University's approach differs because it covers...

  • PIKETON, Ohio— The state's congressional delegation is urging the White House to fully fund the decontamination and decommissioning of a Cold War-era uranium plant in southern Ohio where hundreds of workers feared layoffs last fall amid budget concerns. In a letter Thursday to the White House budget director, lawmakers said cleanup of the former Portsmouth...

  • COLUMBUS, Ohio— Ohio's unemployment rate dropped to 4.8 percent last month, its lowest since September 2001 and the fourth consecutive monthly decrease. The state's Department of Job and Family Services said Friday that Ohio had 278,000 unemployed workers in December. Ohio's unemployment rate has remained below the nation's, which was 5.6 percent in...

  • HOUSTON, Jan 22- Citgo Petroleum confirmed on Thursday its assets are no longer for sale after parent company PDVSA of Venezuela decided to cancel the offering despite receiving several bids, according to Thomson Reuters IFR. The $1 billion senior secured loan being proposed has a rate of Libor +800 basis points and a five-year term, Citgo said in New York,...

  • Meridian Bioscience meets 1Q profit forecasts Thursday, 22 Jan 2015 | 8:18 AM ET

    CINCINNATI _ Meridian Bioscience Inc. on Thursday reported fiscal first-quarter earnings of $7.9 million. Meridian Bioscience expects full-year earnings to be 85 cents to 91 cents per share, with revenue in the range of $193 million to $200 million. Meridian Bioscience shares have increased roughly 1 percent since the beginning of the year.

  • Huntington Bancshares beats 4Q profit forecasts Thursday, 22 Jan 2015 | 8:06 AM ET

    COLUMBUS, Ohio _ Huntington Bancshares Inc. on Thursday reported fourth-quarter earnings of $163.6 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share. Huntington Bancshares shares have decreased 7 percent since the beginning of the year, while the Standard& Poor's 500 index has fallen...

  • KeyCorp tops Street 4Q forecasts Thursday, 22 Jan 2015 | 6:48 AM ET

    CLEVELAND _ KeyCorp on Thursday reported fourth-quarter net income of $248 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share. KeyCorp shares have decreased 11 percent since the beginning of the year, while the Standard& Poor's 500 index has declined slightly more than 1 percent.

  • WASHINGTON— Treasury Secretary Jacob Lew dismissed efforts in Congress to overhaul the nation's tax laws by lowering the top income tax rate paid by individuals, saying lawmakers should instead focus on simplifying taxes paid by businesses. "I don't think that there's any advantage in pretending that there aren't big disagreements on the individual tax...

  • The economics aren't easy, said Girard co-owner Brian Oliveira. The unusual model highlights a debate about pay and conditions in an industry that employs 10 percent of the U.S. workforce, according to the National Restaurant Association. The group doesn't track the number of no-tip models among the nation's nearly 1 million eateries, but examples have popped...

  • The Brookings Institution and JPMorgan Chase ranked 300 major cities worldwide for economic performance last year.

  • Members of the Financial Stability Oversight Council voiced support for changes recommended in a staff report including notifying companies earlier in the process that they could be designated, a step that would give them more time to challenge the designation. The council did not take any final action but members including Treasury Secretary Jacob Lew...

  • WASHINGTON— Treasury Secretary Jacob Lew dismissed efforts in Congress to overhaul the nation's tax laws by lowering the top income tax rate paid by individuals, saying Wednesday that Democrats and Republicans are too far apart to forge such a sweeping package. Instead, Lew said, lawmakers should focus on simplifying taxes paid by businesses, an approach that...

  • Infrastructure, job training on Senate Democrats' agenda Wednesday, 21 Jan 2015 | 2:00 PM ET

    COLUMBUS, Ohio— Democratic senators said Wednesday they want to raise the state's minimum wage and ensure an expansion of the Medicaid health program remains in place. Senators said at a luncheon event Wednesday they continue to work on many of the specifics of their proposals, such as how much to boost the minimum wage, which increased this year from $7.95 an...

  • Obama pitches economic plan to conservatives in Idaho Wednesday, 21 Jan 2015 | 11:09 AM ET

    BOISE, Idaho— Prodding the new Republican Congress from a conservative state, President Barack Obama on Wednesday urged GOP lawmakers to work with him on an agenda that helps the middle class and insisted they offer better alternatives if they disagree with his ideas. On his first stop in Idaho as president, Obama pitched the proposals he outlined Tuesday night...

  • Ohio air force base to get 'monster' $30 million computer Wednesday, 21 Jan 2015 | 7:15 AM ET

    The SGI Ice X supercomputer is expected to be one of the 10 fastest in the world once the Air Force Research Laboratory installs it at Wright-Patterson Air Force Base near Dayton. Jeff Graham, director of the lab's Department of Defense Supercomputing Resource Center, tells the Dayton Daily News for a story Wednesday that each second the computer can calculate...