Can LeBron James turn around a city once derided as "The Mistake by the Lake"? Hopes are high in Cleveland.» Read More
TOLEDO, Ohio— There's enough sand, soil and mud scooped out of Toledo's and Cleveland's harbors each year to fill the Indians' ballpark to the top of its upper deck. All the silt dredged to keep open the shipping channel in Toledo is dumped into Lake Erie while the sediment from Cleveland goes into disposal facilities that are filling up fast.
A Congressional Budget Office report earlier this year lent some support for that view. It found that a minimum wage of $10.10 an hour, as President Obama supports, could cost 500,000 jobs nationwide.
In her ruling Thursday, Judge Susan Dlott allowed two of the tea party groups' claims— including that the IRS discriminated and retaliated against them based on their views in violation of their free speech rights— to survive to trial.
WASHINGTON— Since the Great Recession officially ended in June 2009, the U.S. economy has generated 7.8 million jobs. North Dakota, benefiting from an oil and gas drilling boom, has created nearly 98,000 jobs over the past five years, a 27 percent increase-- by far the best in the country.
At the same time, proxy advisory firms Institutional Shareholder Services and Glass Lewis& Co. recommended Cliffs' shareholders support at least most of the nominees from Casablanca. Casablanca owns about 5.2 percent of Cliffs' stock, and it has pushed the company to cut costs and spin off some of its international assets.
CINCINNATI— Deep-sea explorers recovered millions of dollars in gold and silver and a slew of personal items that are a virtual time capsule of the California Gold Rush, according to newly unsealed court documents obtained by The Associated Press that provide the first detailed inventory of a treasure trove being resurrected from an 1857 shipwreck at the bottom of the Atlantic Ocean.
COLUMBUS, Ohio— The unemployment rate in Ohio remained unchanged at 5.5 percent in June, staying at the lowest level since before the Great Recession, the state reported Friday. The seasonally adjusted rate for June was the same as May and down from 5.7 percent in April and 6.1 percent in March, according to the Ohio Department of Job and Family Services.
NEW YORK, July 17- Colorado regulators said on Thursday that the disposal of oil and gas wastewater at a well in Weld County likely caused a series of small earthquakes this year, in another sign that a U.S. drilling boom is contributing to higher seismic activity.
Cliffs, a Cleveland- based iron ore and metallurgical coal producer, is locked in a proxy battle with Casablanca, which owns 5.2 percent of Cliffs' stock and accuses the company of destroying shareholder value. Casablanca wants to replace Cliffs' chief executive officer with its own nominee and six of the 11 board members, a majority, with its candidates.
July 17- Casablanca Capital LP said two independent proxy advisory firms have recommended shareholders of Cliffs Natural Resources Inc vote in favor of the hedge fund's bid to replace a majority of the miner's board members.
NEW YORK, July 17- U.S. Treasuries rose on Thursday after disappointing U.S. housing data showed the slowest pace of groundbreaking in nearly a year, driving yields lower and reinforcing a view that U.S. monetary policy will remain loose well into 2015..
The Labor Department says weekly applications for unemployment aid fell 3,000 to a seasonally adjusted 302,000. The less volatile four-week average has slipped to 309,000, the lowest reading since June 2007, about five months before the Great Recession began. California: Down 4,008, due to fewer layoffs in the service industry.
WASHINGTON— Republicans chastised the Justice Department on Thursday for failing to share information with Congress about its investigation into the targeting of conservative groups by the Internal Revenue Service.
WILMINGTON, Del.— President Barack Obama announced a new program Thursday to attract more private money to help pay to build new roads and bridges as he criticized Congress for refusing to approve a more lasting source of funding.
July 17- Casablanca Capital LP said two independent proxy firms have recommended that shareholders of Cliffs Natural Resources Inc vote in favor of the hedge fund's board nominees. Cliffs is locked in a proxy battle with New York- based hedge fund Casablanca, which owns 5.2 percent of Cliffs stock and accuses the company of destroying shareholder value.
WASHINGTON— Cities such as Indianapolis that regularly replace old natural gas lines have significantly fewer leaks than older urban areas where they don't, like Boston and New York City's Staten Island, according to a new study by Google and an environmental group. Boston and Staten Island averaged one leak per each mile mapped.
PITTSBURGH— The head of Pennsylvania's Department of Health said Wednesday that its experts are responding to health complaints related to natural gas drilling, but there is no quick and easy way to answer questions about the issue.
TOLEDO, Ohio— Just days after his infant daughter's death, Nathen Steffel asked strangers on the Internet for only one thing: He and his wife wanted a photo of their daughter without the breathing tubes and tape that masked her little face. Hundreds of photos, sketches and paintings have poured into the family's northwestern Ohio home and their inbox.
U.S. homebuilders' confidence in the housing market surged this month to the highest level since January, reflecting a pickup in sales of new homes and heightened expectations for sales the second half of the year. The brighter sales outlook suggests home construction could pick up in coming months after a sluggish start this year.
The Democratic Congressional Campaign Committee raised $10.9 million from donors in June and has $50.9 million in its bank accounts, officials said. At the same time, the National Republican Congressional Committee said donors gave another $9.6 million to the committee tasked with keeping House Republicans in the majority.