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  • Ohio college building indoor drone pavilion Saturday, 22 Nov 2014 | 1:37 PM ET

    Sinclair Community College officials say the 40- foot high pavilion resembling a traditional aircraft hangar will be built adjacent to a building in Dayton that houses some of its education and training programs in unmanned aerial systems and aviation. The indoor pavilion will allow students to fly drones without having to deal with weather issues or...

  • Obama immigration plan good, not great for economy Saturday, 22 Nov 2014 | 9:01 AM ET

    WASHINGTON— President Barack Obama's expansive executive action on immigration is good for the U.S. economy— just not as good as partnering with Congress on broader reforms. "This is focused on people who are already in the economy today, who are contributing mightily but are basically operating in the shadows," said Raul Hinojosa-Ojeda, a professor at the...

  • New York Fed chief on defensive on bank oversight Friday, 21 Nov 2014 | 1:34 PM ET

    William Dudley, president of the New York Fed, insisted at a Senate hearing Friday that "our eyes are open" and regulators are fair, unbiased and rigorous in their oversight of the biggest U.S. banks. "Of course we are not perfect, but we always strive to improve and retain your trust," Dudley said at the hearing, which focused on whether the Federal Reserve has too cozy of a...

  • WASHINGTON, Nov 21- New York Federal Reserve Bank President William Dudley came under fire on Friday from Democratic senators who blasted the bank for lax oversight of major financial institutions. I think the evidence suggests that there is, "said Massachusetts Democrat Elizabeth Warren, a frequent critic of the big banks who is seen as a possible 2016...

  • Ohio's October unemployment rate down Friday, 21 Nov 2014 | 11:06 AM ET

    COLUMBUS, Ohio— Ohio's unemployment rate was down slightly to 5.3 percent for October. The Department of Job and Family Services released last month's figures on Friday morning. The Ohio unemployment rate was slightly better than the national rate, which was 5.9 percent for September.

  • WASHINGTON, Nov 21- Several Democratic senators on Friday criticized the New York Federal Reserve Bank as too close to the mammoth financial institutions it regulates, taking particular aim at the hiring of Fed alumni at firms like Goldman Sachs- and vice versa. that ties between the Fed and the banking industry are perceived as cozy, and arguably contributed to...

  • House GOP sues Obama administration on health law Friday, 21 Nov 2014 | 10:36 AM ET

    Legal experts expressed doubts that the GOP would prevail or that the case could be concluded during Obama's presidency. GOP lawmakers said those unilateral actions were unconstitutional and have promised unspecified congressional action. A Republican official said party leaders might amend the suit to include Obama's immigration actions, which would...

  • WASHINGTON, Nov 21- A top Democratic senator said on Friday he remains concerned about slack oversight of the largest U.S. banks, and that the New York Fed in particular remains too close to the institutions it regulates. "Troubling reports suggest that it is back to business as usual at the Federal Reserve Bank of New York," Ohio Democrat Sherrod Brown said as he...

  • NEW YORK, Nov 21- Middleby Corp, maker of high-end kitchen appliances for both professional and home cooks, has become a new favorite of fund managers as it benefits from changing American dining habits. That push away from Big Macs has spurred Middleby's revenue growth, which hit 14 percent in its current fiscal year, and prompted 81 mutual funds, including those...

  • WASHINGTON, Nov 20- Soon after President Barack Obama announced his immigration plans on Thursday evening, Democrats and Republicans who might be angling for his job in 2016 weighed in on an issue that is almost certain to be at the center of their campaigns. Hillary Clinton, who lost the Democratic nomination to Obama in 2008 and is expected to make a run to be the...

  • Kozy Shack recalls some puddings over labeling Thursday, 20 Nov 2014 | 9:02 PM ET

    ARDEN HILLS, Minn.— Pudding maker Kozy Shack Enterprises is recalling some of its puddings because they are not labeled as containing milk. The product was distributed to 20 states— Connecticut, Florida, Georgia, Illinois, Iowa, Kansas, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Virginia, West...

  • Fed to review its oversight of big banks Thursday, 20 Nov 2014 | 7:00 PM ET

    The Fed's announcement came a day before a Senate subcommittee is scheduled to hold a hearing on whether Fed examiners— particularly in the Fed's New York operation— have become too cozy with the big banks they oversee. The bailout of Wall Street banks during the 2008 financial crisis brought the issue forward. William Dudley, the president of the New York Fed,...

  • WASHINGTON, Nov 20- President Barack Obama planned on Thursday to ease the threat of deportation for about 4.7 million illegal immigrants, as leading Democrats lined up behind the U.S. leader in the face of Republican attacks. Obama dispatched his chief of staff, Denis McDonough, to Capitol Hill for lunch with Senate Democrats who grilled him on the politics and...

  • Cleveland preps for fastest Internet available Thursday, 20 Nov 2014 | 2:16 AM ET

    CLEVELAND— Sometime next year, Cleveland will become the first city in the country to offer commercial Internet service at 100 gigabits per second, city and local officials said. An announcement about the project is scheduled for Friday in Cleveland. Those involved in the project acknowledge there's currently not much demand in Cleveland for speeds of 100...

  • L Brands tops 3Q profit forecasts Wednesday, 19 Nov 2014 | 4:36 PM ET

    COLUMBUS, Ohio _ L Brands Inc. on Wednesday reported fiscal third-quarter net income of $131.8 million. L Brands expects full-year earnings to be $3.21 to $3.31 per share. L Brands shares have climbed 26 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed 11 percent.

  • Nov 19- Miner Cliffs Natural Resources Inc may file for creditor protection in Canada to insulate itself from closure costs and liabilities at its Canadian operations, analysts said. On Wednesday, Cliffs said it might have to close its Bloom Lake iron ore mine in Quebec at a cost of up to $700 million as it struggles to find funds to expand the project.

  • NBC scraps Cosby television project Wednesday, 19 Nov 2014 | 1:51 PM ET

    NEW YORK— NBC has scrapped a Bill Cosby comedy that was under development, the second outlet within a day to put off or abandon a Cosby project after another sexual assault allegation against the comic emerged. NBC spokeswoman Rebecca Marks said Wednesday the project "is no longer under development," and had no further comment. His prospective new series was...

  • Credit score company settles FTC charges for $22M Wednesday, 19 Nov 2014 | 12:10 PM ET

    NEW YORK— A company that promised customers free credit scores has agreed to pay $22 million to settle charges that it billed customers for monthly credit monitoring that they did not sign up for. The settlement was made with the Federal Trade Commission and attorneys general in Illinois and Ohio. The FTC said that Dallas- based One Technologies LP, and two...

  • Massive movie poster collection going to auction Wednesday, 19 Nov 2014 | 10:02 AM ET

    He's parting with them on Dec. 17 at Profiles in History auction house in Calabasas, California. Everett, who lives in Cleveland, Ohio, and owns a New York City movie photo leasing company, said his collecting passion began as a student at the University of Virginia, sparked by a fellow student who had a "fabulous" small photo collection of such Hollywood's legends as...

  • YOUR MONEY-How to beat newly hot real estate markets Wednesday, 19 Nov 2014 | 8:00 AM ET

    NEW YORK, Nov 19- How much house will $2 million get you in the United States these days? Or, you could get just one modest ranch house in Los Altos, California, the most expensive real estate market in the country, according to a new survey by Coldwell Banker. Los Altos is in the middle of the action, surrounded by the corporate headquarters for Google, Facebook and dozens...