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CHICAGO-- United States Cellular Corp., the sixth-largest cellphone carrier in the country, on Friday closed on the sale of some of its Midwestern markets to No. 3 Sprint Nextel Corp. and announced that it's handing over the proceeds to shareholders through a special dividend.
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May 17- In the nearly five years since the worst financial crash since the Great Depression, the remedy for the world's economic doldrums has swung from full-on Keynesianism to unforgiving austerity and back.
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Below are some of the major players in the backlash over the IRS paying extra attention to advocacy groups whose names included terms such as "patriot" or " Tea Party" when considering applications for tax-exempt status.
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As Congress kicked off the first of several investigations into a scandal that has put President Barack Obama on the defensive, acting IRS Commissioner Steven Miller said he could not say who had come up with the idea to single out conservative groups for intense scrutiny when they applied for tax-exempt status.
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Jan Brewer's order that denies driver's licenses for young immigrants in Arizona who have gotten work permits and avoided deportation under an Obama administration policy.
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HOUSTON-- Southwestern Energy has closed on the purchase of about 162,000 acres of land in Pennsylvania. The Marcellus Shale, a massive underground gas reserve stretching from New York across Pennsylvania and West Virginia to Ohio. Southwestern Energy Co., based in Houston, financed the deal with existing debt.
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WASHINGTON, May 17- A U.S. House of Representatives panel on Friday opens the first in a series of investigative hearings in Congress on the Internal Revenue Service's targeting of conservative groups for extra tax scrutiny, as the political storm over the scandal shifts to Capitol Hill.
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*Oil output from Ohio's Utica shale to be dwarfed by gas. NEW YORK, May 16- Oil output from the Utica shale in Ohio was less than expected last year, the Ohio Department of Natural Resources said on Thursday, denting the Utica's image as America's next oil-producing frontier.
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*Oil output from Ohio's Utica shale to be dwarfed by gas. NEW YORK, May 16- Oil production from the Utica shale in the U.S. state of Ohio was lower in 2012 than first anticipated and in much of the play it will be dwarfed by "significant" gas output, the Ohio Department of Natural Resources said on Thursday.
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CLEVELAND-- KeyCorp said Thursday that its board approved a 10 percent increase to the bank's dividend, raising it to 5.5 cents. The parent of KeyBank, which is based in Cleveland, last raised its dividend a year ago. The dividend will be paid on June 14 to shareholders as of May 28.
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BEACHWOOD, Ohio-- DDR Corp. is buying 30 of 44 U.S. shopping centers from a joint venture it has with private equity firm Blackstone Group LP in a deal worth $1.46 billion, saying it expects to make money by raising rents at the malls and redeveloping them. They include centers in Boston, Chicago, Washington and Minneapolis among others.
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DAYTON, Ohio-- About 13,000 civilian employees at Ohio's largest military installation will be forced to take 11 days of unpaid leave beginning in July. Cassie Barlow, commander of the 88th Air Base Wing, made that announcement Tuesday at Wright-Patterson Air Force Base near Dayton.
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SOUTH BEND, Ind.-- Indiana convenience stores and gas stations seeking the right to sell cold beer to customers filed a federal lawsuit Tuesday aimed at lifting a ban on the practice. The lawsuit, filed in U.S. District Court in Indianapolis, contends Indiana is the only state that regulates the temperature of beer being sold.
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Faults IRS for long delays, appearance of impartiality. *In response, IRS concedes use of "inappropriate shortcuts".
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WASHINGTON, May 14- The Pentagon's plans to put most of its 800,000 civilian employees on unpaid leave for 11 days could lead to delays on Lockheed Martin Corp's F-35 Joint Strike Fighter and other weapons programs, a top company official said on Tuesday.
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NEW YORK-- Shares of Invacare Corp. advanced Tuesday after the company said it is making progress in a government review of an Ohio facility.
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WASHINGTON, May 14- The Pentagon's plans to put most of its 800,000 civilian employees on unpaid leave for 11 days could lead to delays on Lockheed Martin Corp's F-35 Joint Strike Fighter and other weapons programs, a top company official said on Tuesday.
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With Congress preparing to hold hearings on the IRS's holding conservative groups to extra scrutiny, McConnell said he was "calling on the president to make available, completely and without restriction, everyone who can answer the questions we have as to what was going on at the IRS, who knew about it, and how high it went."
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JEFFERSON CITY, Mo.-- A measure that would significantly change how unions representing Missouri's public employees can collect and spend members' fees was sent to the governor Monday.
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CINCINNATI-- An insurance company has bought out a nonprofit home for struggling women in Cincinnati in a deal announced Monday, ending a bitter two-year court battle over the historic property in a picturesque downtown neighborhood.