Behind the numbers is a disconcerting brew of statistics that shows the jobs market is far from full health.» Read More
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.
CINCINNATI— Low-fare carrier Frontier Airlines announced Thursday it is doubling its service from the Cincinnati/Northern Kentucky International Airport. Frontier will begin daily flights to Dallas-Fort Worth on Oct. 26, with multiday service also coming to Las Vegas; Phoenix; and Orlando and Fort Lauderdale, Florida.
NEW ALBANY, Ohio— Abercrombie& Fitch Co. on Thursday reported earnings of $12.9 million in its fiscal second quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 10 cents per share. Analysts expected $917 million, according to Zacks.
THANON NANG KLARN, Thailand— In a story Aug. 25 about insects being raised for food around the world, The Associated Press reported erroneously that the first cricket farm in the United States will open this year in Youngstown, Pennsylvania.
The argument goes something like this: Beyond failing to fix broken immigration laws, Congress hasn't even provided the government with enough resources to fully enforce the laws already on the books.
WASHINGTON— The White House is crafting a blame-it-on- Congress legal justification to back up President Barack Obama's impending executive actions on immigration.
The Horseshoe Casino in downtown Baltimore opened its doors Tuesday night. Gambling experts say rust-belt towns like Philadelphia, Cleveland and now Baltimore have become desirable casino locations, especially as gambling destinations like Atlantic City continue to plunge into economic decline.
LOS ANGELES— In a story Aug. 23 about the declining number of gay bathhouses The Associated Press reported erroneously that Todd Saporito, the CEO of Ohio- based Flex Spas, ran the Gay Games that were held in Cleveland. LOS ANGELES— Gay bathhouses that once remained in the shadows to stay in business are now seeking attention to keep their doors open.
A National Transportation Safety Board spokesman says a preliminary report on the Monday night plane crash in suburban Cleveland should be ready within 10 days. All four people aboard the plane were students at Case Western Reserve University.
COLUMBUS, Ohio— Express Inc. on Wednesday reported earnings of $6.9 million in its fiscal second quarter. The average estimate of analysts surveyed by Zacks Investment Research was breakeven on a per-share basis. Analysts expected $460 million, according to Zacks.
WASHINGTON— Burger King plans to become is the latest U.S. company to shift its legal address out of the country by merging with a foreign company. Burger King has announced plans to buy Tim Hortons, the Canadian coffee-and-doughnut chain.
Burger King plans expansion of Tim Hortons. Burger King said Tuesday it will buy Tim Hortons in an $11 billion deal that would create the world's third largest fast-food chain.
Columbus, Ohio- based DSW earned $34.3 million, or 38 cents per share, for the period ended Aug. 2. A year earlier it earned $33.7 million, or 37 cents per share. That topped the average estimate of analysts surveyed by Zacks Investment Research, who expected earnings of 30 cents per share.