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  • TransDigm misses Street 1Q forecasts Tuesday, 27 Jan 2015 | 8:12 AM ET

    CLEVELAND _ TransDigm Group Inc. on Tuesday reported fiscal first-quarter earnings of $95.5 million. TransDigm expects full-year earnings in the range of $8.03 to $8.29 per share, with revenue in the range of $2.5 million to $2.6 million. TransDigm shares have increased 6 percent since the beginning of the year.

  • FirstMerit meets 4Q profit forecasts Tuesday, 27 Jan 2015 | 8:03 AM ET

    AKRON, Ohio _ FirstMerit Corp. on Tuesday reported fourth-quarter net income of $59.1 million. The average estimate of analysts surveyed by Zacks Investment Research was also for earnings of 36 cents per share. FirstMerit shares have declined 7 percent since the beginning of the year.

  • Parker-Hannifin tops 2Q profit forecasts Tuesday, 27 Jan 2015 | 7:42 AM ET

    CLEVELAND _ Parker-Hannifin Corp. on Tuesday reported fiscal second-quarter net income of $267.3 million. Parker-Hannifin expects full-year earnings in the range of $7.90 to $8.30 per share. Parker-Hannifin shares have decreased nearly 5 percent since the beginning of the year, while the Standard& Poor's 500 index has stayed nearly flat.

  • CINCINNATI— Procter& Gamble's second-quarter earnings sank 31 percent as the strong U.S. dollar cut into the performance of the world's largest consumer products maker. In the quarter that ended Dec. 31, P&G earned $2.37 billion, or 82 cents per share. Analysts expected, on average, earnings of $1.14 per share on $20.7 billion in revenue, according to Zacks...

  • Park National posts 4Q profit Monday, 26 Jan 2015 | 5:13 PM ET

    NEWARK, Ohio _ Park National Corp. on Monday reported fourth-quarter earnings of $24.3 million. Park National shares have dropped roughly 6 percent since the beginning of the year. Keywords: Park National, Earnings Report.

  • WASHINGTON, Jan 26- The U.S. Supreme Court on Monday sided with a company that amended a collective bargaining agreement to force retirees to pay toward healthcare costs, throwing out a lower-court ruling that favored the former employees who objected to the change. On a unanimous vote, the nine-member court handed a win to M&G Polymers USA, a subsidiary of Italy-...

  • Ohio Attorney General sues over health care law tax Monday, 26 Jan 2015 | 2:03 PM ET

    COLUMBUS, Ohio— Applying a tax aimed at helping keep premiums affordable under the federal health care law to state and local governments is unconstitutional, Ohio Attorney General Mike DeWine claimed in a lawsuit filed Monday. The parties include the state, Warren County, the University of Akron, Bowling Green State University, Shawnee State University and...

  • The official scorekeeper of Congress projects solid economic growth for the next few years, with unemployment dropping slightly. For future years however, CBO issued a warning: Beyond 2018, deficits will start rising again as more baby boomers retire and enroll in Social Security and Medicare. By 2025, annual budget deficits could once again top $1 trillion,...

  • Monster winter storm about to sock Northeast US Monday, 26 Jan 2015 | 1:00 PM ET
    A resident shovels snow after a snowstorm in Buffalo, New York, November 20, 2014.

    The National Weather Service called "potentially historic" could dump 2 feet or more of snow between New York and New England.

  • Jan 26- Pipeline company Energy Transfer Partners LP said on Monday it would buy affiliate Regency Energy Partners LP for about $11 billion, the latest example of master limited partnerships trying to simplify their structures and lift returns. Unlike the $44 billion deal industry leader Kinder Morgan Inc led last year to fold all of its units into a...

  • WASHINGTON, Jan 26- The U.S. Supreme Court on Monday sided with a company that amended a collective bargaining agreement to force retirees to pay toward healthcare costs, throwing out a lower-court ruling that favored the former employees who objected to the change. On a unanimous vote, the nine-member court handed a win to M&G Polymers USA, a subsidiary of Italy-...

  • COLUMBUS, Ohio— Republicans in the Ohio House are looking at ways to stabilize Medicaid and ensure recipients can lift themselves out of the taxpayer-funded program, as they grapple with how to move forward with an expansion of the health program. John Kasich's administration extended Medicaid eligibility in 2013 to cover thousands more low-income...

  • NYC mayor: Storm could be biggest ever to hit city 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," said 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...