Behind the numbers is a disconcerting brew of statistics that shows the jobs market is far from full health.» Read More
AKRON, Ohio— Akron and Summit County officials say Goodyear Tire& Rubber Co. won't build its new $500 million plant in Ohio. Officials received a letter Tuesday from the Akron- based tire company, explaining that Ohio will no longer be considered for the new factory, which will serve Goodyear's North American and Latin American businesses.
Sept 2- Abercrombie& Fitch Co's board agreed to make governance changes to resolve a lawsuit objecting to its awarding longtime Chief Executive Officer Michael Jeffries more than $140 million of compensation since 2007..
NEW YORK— Dominion Resources, Duke Energy and other partners are proposing a $5 billion natural gas pipeline to connect the Southeast with the prodigious supplies of natural gas being produced in Pennsylvania, Ohio and West Virginia.
COLUMBUS, Ohio— Ohio motorists are paying more for gasoline coming out of the long holiday weekend. A gallon of regular gas was averaging $3.51 in Tuesday's survey from auto club AAA, the Oil Price Information Service and WEX Inc. That's up about a dime from a week ago, and it's a few cents more than last month at this time.
TALLAHASSEE, Fla.— Florida Attorney General Pam Bondi says the state is getting $300,000 as part of a national settlement with a Cincinnati- based company that allegedly engaged in a kickback scheme with skilled-nursing facilities.
WAVERLY, Ohio— Leaks found at a southern Ohio dam have led the state to ask boat owners to remove their boats from Lake White while inspectors check for the cause.
CLEVELAND— Northeast Ohio is hardly ready to usurp Silicon Valley as a high-tech mecca, but a growing number of data centers are choosing to locate in and around Cleveland to take advantage of cheap power, an abundance of fiber-optic cable and one of the safest environments in the U.S. for storing digital information.
MITCHELL, S.D.— Sitting under a tent at an annual agricultural equipment sales event, Shawn Berry noted that orders for the machinery he sells have dramatically slowed down this year— so much so that the Ohio- based company he represents could end up to 30 percent short in sales compared to last year in some states, South Dakota and Minnesota included.
Casinos are closing in Atlantic City, while new ones are opening in Maryland and Massachusetts.
CINCINNATI— The Ohio Army National Guard is postponing most of its planned training in early September because of federal budget issues. The Army National Guards of Hawaii and Guam also said Friday they are postponing upcoming drills. There was no immediate response Saturday to messages left seeking comment from the Ohio National Guard and the Pentagon.
The repeal movement drew support from tea party groups, but Senate President Pro Tem Del Marsh, a Republican, blocked the bills with the support of one of the state's most powerful business groups, the Business Council of Alabama.
The fight to repeal the standards has heated up in Ohio, with state Rep. Andy Thompson, a Republican, saying it's kind of "creepy the way this whole thing landed in Ohio with all the things prepackaged."
Of the major oil- and gas-producing states, Texas gained 12 rigs, Pennsylvania gained five, Oklahoma gained four and Colorado and Alaska each gained one. Kansas lost three rigs and Arkansas, Ohio and West Virginia each lost one. California, Louisiana, New Mexico, North Dakota, Utah and Wyoming were unchanged.
NEW BEDFORD, Pa.— Hilcorp has dropped its bid to force holdout property owners in Pennsylania to accept drilling under their land, saying Friday the energy company wants to move beyond a protracted fight and begin producing oil and gas.
NEW YORK, Aug 29- U.S. stocks edged higher in a quiet session on Friday as the latest in a string of positive data pushed investors to extend a rally that had been briefly threatened by overseas concerns, although gains were capped ahead of an extended holiday weekend.
NEW RICHMOND, Ohio— A utility says it will stop burning coal at a southwest Ohio power plant that was the site of a recent oil spill into the Ohio River. Charlotte, North Carolina- based Duke Energy says it will retire the last two coal-fired units Sept. 1 at the New Richmond, Ohio, plant.
CINCINNATI— A southwest Ohio money manager accused of bilking 141 investors in a Ponzi scheme has been sentenced to 15 years in prison and ordered to pay $34.5 million in restitution. District Judge Herman Weber said he wanted to send a "loud, emphatic message" to fraudsters with the sentence of Glen Galemmo on Thursday.
MILWAUKEE— Oversized mugs of beer clink together as drinkers sitting under a canopy of trees in a Milwaukee public park listen to live accordion music and proclaim "Prost!"
Transtar's owner, private equity firm Friedman Fleischer& Lowe LLC, has hired investment banks Bank of America Corp and Harris Williams& Co to run an auction for the company, the people said this week. Friedman Fleischer& Lowe, Transtar and Bank of America declined to comment.
NEW YORK— The Abercrombie& Fitch logo has lost the power it once wielded. Shares of Abercrombie& Fitch Co. tumbled Thursday after reporting weak sales as more teens shop elsewhere.