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  • US oil and natural gas rig count drops by 10 to 875 Friday, 29 May 2015 | 3:58 PM ET

    HOUSTON— Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by 10 this week to 875.. Houston- based Baker Hughes said Friday 646 rigs were seeking oil and 225 explored for natural gas. Among major oil- and gas-producing states, Texas lost four rigs, California declined by three and Arkansas,...

  • COLUMBUS, Ohio— Amazon has selected Ohio as a major Midwest hub for its cloud computing operations, a decision the governor hailed Friday as a victory for the high-tech future of a state whose legacy was built on heavy manufacturing. "This is something that will send a message to our young people that, you want to think, you want to live in the future, you want to...

  • WASHINGTON, May 29- The U.S. Federal Trade Commission filed a lawsuit on Friday aimed at stopping the $1.9 billion merger of medical technology provider Steris Corp and British sterilization services provider Synergy Health Plc, according to the agency, which enforces antitrust law. Synergy Health and Steris, both of which provide contract sterilization...

  • CINCINNATI— A former Ohio lawmaker accused of defrauding a technology company's investors out of millions of dollars is expected to learn a judge's verdict Tuesday. A Hamilton County judge heard closing arguments this week in Pete Beck's case. The former mayor of the northern Cincinnati suburb of Mason lost his bid for re-election in the May 2014 Republican...

  • PAINESVILLE, Ohio— An assault suspect who pepper-sprayed someone in the face at a fast-food restaurant received similar treatment in court as punishment from a Cleveland- area judge embracing the principle of "an eye for an eye." Painesville Municipal Court Judge Michael Cicconetti on Thursday told Diamond Gaston she could serve 30 days in jail or be...

  • Big Lots beats Street 1Q forecasts Friday, 29 May 2015 | 6:06 AM ET

    COLUMBUS, Ohio _ Big Lots Inc. on Friday reported fiscal first-quarter profit of $32.2 million. Big Lots expects full-year earnings to be $2.80 to $2.90 per share. Big Lots shares have increased 13 percent since the beginning of the year.

  • *Number of rigs in Marcellus has dropped- Baker Hughes. The U.S. Energy Information Administration says production in the fast-growing field in Pennsylvania and West Virginia is set to remain flat for the next few years before beginning a very slow decline primarily because of depressed gas prices. The number of rigs in the area has dwindled in recent months to...

  • SANTA BARBARA, Calif.— Firefighters, emergency workers and officials from Plains All American Pipeline had gathered last week at a fire station preparing to train for the worst— an oil spill— when a 911 call came in reporting a noxious smell in the air at a nearby beach. The Santa Barbara County Fire Department rushed to the shoreline, where they discovered oil...

  • US gambling market saturated, yet casinos keep on coming Thursday, 28 May 2015 | 10:52 AM ET

    That's the consensus of participants at a major casino conference in Atlantic City. Asked if casino closings outside New Jersey are likely, she said nothing appears imminent, but "of course it's going to happen" if expansion continues at its current pace. "Pennsylvania doesn't care what happens to New Jersey, and New York doesn't care what happens to Pennsylvania,"...

  • J&J accepts offer from Cardinal Health for Cordis unit Thursday, 28 May 2015 | 8:23 AM ET

    NEW YORK— Health care giant Johnson& Johnson has formally accepted a $1.94 billion offer to sell its Cordis heart devices unit to Cardinal Health. Cordis has operations in more than 50 countries, including China, Japan, Germany, Italy, France, the U.K. and Brazil. Cardinal Health had previously said that it expects the deal to add more than 20 cents per share to its...

  • NEW ALBANY, Ohio— Abercrombie& Fitch, which is the midst of overhauling its racy image, said it expects sales to improve in the next year. Abercrombie& Fitch began to shake up its image earlier this year to reverse falling sales. But Abercrombie's Executive Chairman Arthur Martinez said the company had "sequential improvements in a number of areas" during the...

  • Express has little in the way of retail blahs in 1Q Thursday, 28 May 2015 | 7:24 AM ET

    For the period ended May 2, the Columbus, Ohio, company earned $13.1 million, or 15 cents per share. Earnings, adjusted for non-recurring costs, came to 22 cents per share, 9 cents better than Wall Street had expected, according to a survey by Zacks Investment Research. Revenue increased to $502.4 million from $460.7 million, which also beat Wall Street forecasts...

  • "The House cannot sue the executive branch over the implementation of existing federal law," Justice Department attorney Joel McElvain told U.S. At issue are payments to insurance companies not expressly appropriated by Congress but being made by the administration, anyway. "We believe we have established what can only be viewed as a concrete injury," George...

  • Health law court case winner could be political loser Wednesday, 27 May 2015 | 1:13 PM ET

    WASHINGTON— The party that wins the impending Supreme Court decision on President Barack Obama's health care law could be the political loser. If the Republican-backed challenge to the law's subsidies for lower-earning Americans prevails, the GOP would have achieved a paramount goal of severely damaging "Obamacare." Tom Davis, R- Va., who once led the House GOP...

  • DSW tops 1Q profit forecasts Wednesday, 27 May 2015 | 7:36 AM ET

    COLUMBUS, Ohio _ DSW Inc. on Wednesday reported fiscal first-quarter profit of $47.4 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share. Six analysts surveyed by Zacks expected $659.5 million.

  • COLUMBUS, Ohio— A bill banning the sale of pure caffeine products in Ohio cleared the state House on Wednesday, one year after a high school senior overdosed on a powdered form of the stimulant and died. Eighteen-year-old Logan Stiner was just days from graduating high school in northeast Ohio when, on May 27, his brother found him unresponsive in the family's home...

  • May 26- Four regional Federal Reserve banks continued their unsuccessful efforts to convince the central bank to raise the rate it charges commercial banks for emergency loans, meeting minutes released on Tuesday showed. Ahead of the Fed's April 28-29 policy-setting meeting, directors of the Philadelphia, Kansas City, Cleveland and Dallas Fed banks asked...

  • WASHINGTON— U.S. home prices rose at a steady pace in March, pushed higher by a limited supply of houses for sale. The Standard& Poor's/Case-Shiller 20- city home price index rose 5 percent in March from 12 months earlier, the S&P said Tuesday. The median home sold in just 39 days in April, according to the National Association of Realtors, compared with 52 in March.

  • WASHINGTON— A Supreme Court ruling due in a few weeks could wipe out health insurance for millions of people covered by President Barack Obama's health care law. But it's Republicans— not White House officials— who have been talking about damage control. A likely reason: Twenty-six of the 34 states that would be most affected by the ruling have Republican...

  • WASHINGTON— A Supreme Court ruling due in a few weeks could wipe out health insurance for millions of people covered by President Barack Obama's health care law. But it's Republicans— not White House officials— who have been talking about damage control. A likely reason: Twenty-six of the 34 states that would be most affected by the ruling have Republican...