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  • Nordson beats Street 4Q forecasts Thursday, 11 Dec 2014 | 4:40 PM ET

    WESTLAKE, Ohio _ Nordson Corp. on Thursday reported fiscal fourth-quarter earnings of $72.1 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.13 per share. Analysts expected $457.8 million, according to Zacks.

  • Dillon to retire from Kroger board Thursday, 11 Dec 2014 | 2:59 PM ET

    CINCINNATI— The Kroger Co. said Thursday that its board chairman and former CEO, David Dillon, will retire at the end of the year after 38 years of service. The supermarket chain operator said Kroger CEO Rodney McMullen will take over as chairman next year. Dillon served as Kroger's chairman from 2004 to 2014 and as chief executive officer from 2003 to 2013. During...

  • Ohio lawmaker gets probation in ethics case Thursday, 11 Dec 2014 | 8:27 AM ET

    COLUMBUS, Ohio— A Cincinnati lawmaker who pleaded guilty to two misdemeanor ethics law violations after a probe into lobbying by the payday lending industry was sentenced to probation Thursday. Dale Mallory were related to taking Cincinnati Bengals tickets from lobbyists and failing to properly report them on required disclosure forms.

  • Bill might clarify payments for Ohio racino towns Thursday, 11 Dec 2014 | 6:56 AM ET

    Those annual payments are supposed to go to the city of Dayton in southwest Ohio and the Youngstown suburb of Austintown Township. Schiavoni of Boardman of Boardman wasn't pleased by the three-year limit, which hadn't previously been outlined. A statement from Penn National Gaming said it is disappointed in the Senate- approved amendment, calling it a "special...

  • Ohio mayor: Police brass not to blame for problems Thursday, 11 Dec 2014 | 5:32 AM ET

    CLEVELAND— The mayor on Thursday refused to blame his top safety department officials for what the U.S. Justice Department says is a pattern of police officers using excessive force and violating people's civil rights. Brian Betley, president of the union representing Cleveland police sergeants, lieutenants and captains, said arbitration protects the...

  • Ohio senators pass lethal injection drug bill Thursday, 11 Dec 2014 | 1:26 AM ET

    COLUMBUS, Ohio— Ohio is weighing changes to its lethal injection law that are meant to restart executions, but the updated law will undoubtedly lead to lawsuits that will make carrying out the next scheduled procedure on Feb. 11 impossible, a prosecutor said Thursday. The Summit County prosecutor's office is not counting on Ronald Phillips' execution happening,...

  • Small business and politics: How did Graves do? Wednesday, 10 Dec 2014 | 11:11 AM ET

    NEW YORK— Small companies were still reeling from the recession in 2011 when Sam Graves became chairman of the House Small Business Committee. "I think he's had a pretty good record," says Todd McCracken, president of the advocacy group National Small Business Association. "His is one of the most active committees in Congress."

  • Ohio lawmakers debate execution drugmaker bill Wednesday, 10 Dec 2014 | 9:28 AM ET

    COLUMBUS, Ohio— Companies providing Ohio with lethal injection drugs would have their names shielded for at least 20 years, under a bill scheduled for a possible vote that lawmakers say is needed to restart executions in the state. Ohio hasn't executed an inmate since January, when Dennis McGuire gasped and snorted for 26 minutes before dying, during a procedure...

  • Obama announces $1B for early childhood education Wednesday, 10 Dec 2014 | 6:09 AM ET

    WASHINGTON— Declaring early childhood education "one of the best investments we can make," President Barack Obama on Wednesday followed up on a promise to expand early education opportunities for tens of thousands of children by announcing $1 billion in public-private spending on programs for young learners. He said the investments announced at a daylong...

  • NEW YORK, Dec 9- East Cleveland will wait until after the first quarter of 2015 to decide whether to seek bankruptcy protection, the city's finance director said on Tuesday, noting such a filing is only one of several options under consideration. The assessment was less dire than comments last month by Ohio's state auditor, Dave Yost, who said the small suburb of its...

  • Most of the banks, which include Citigroup and Goldman Sachs, would be held to higher capital requirements than under a similar rule by global regulators, officials said. Fed Vice Chairman Stanley Fischer said during Tuesday's meeting that JPMorgan Chase& Co would need more than $20 billion of additional capital to comply. JPMorgan spokesman Andrew Gray said...

  • NEW YORK, Dec 9- Fund managers are stampeding into shares of U.S. long-haul trucking company Swift Transportation Co as oil prices touch five-year lows, but some analysts say a shortage of drivers may slam the brakes on the rally. Portfolio managers from Goldman Sachs, Fidelity, and Federated Investors were among the 65 funds that added Swift shares to their...

  • A rust belt city rehab plan designed in medicine Tuesday, 9 Dec 2014 | 12:54 PM ET
    SmartShape Design industrial designers at work.

    The loss of manufacturing has crushed rust belt cities like Cleveland, but a medical renaissance has helped city businesses to rebound.

  • Why areas with good jobs have hard-to-afford homes Tuesday, 9 Dec 2014 | 11:17 AM ET

    College graduates and younger families have been clustering in coastal cities such as New York, San Francisco and Seattle, where incomes are generally ample and solid middle-class jobs plentiful. Roughly 40 percent of households in New York, San Francisco, Seattle, parts of Connecticut and Colorado, and Washington, D.C., earn more than $100,000 annually,...

  • Abercrombie CEO abruptly retires as sales fall Tuesday, 9 Dec 2014 | 9:00 AM ET

    NEW YORK— Abercrombie& Fitch's longtime and embattled CEO Michael Jeffries has abruptly retired as the once-hip teen clothing chain struggles to regain its popularity. Last week, Abercrombie& Fitch cut its annual profit outlook and reported an 11.5 percent drop in sales in its third quarter. The company, whose other brands includes Abercrombie, Hollister Co....

  • Hiring to begin at auto glass plant at ex-GM site Tuesday, 9 Dec 2014 | 6:13 AM ET

    DAYTON, Ohio— A Chinese company is beginning to hire at an automotive glass-making plant in southwest Ohio expected to provide more than 800 jobs and revitalize a former General Motors factory site. Fuyao Glass Industry Group Co. paid $15 million for the former auto plant in Moraine and plans a $230 million investment. The Dayton Daily News reports the company...

  • Obama health adviser apologizes for 'glib' remarks Tuesday, 9 Dec 2014 | 3:03 AM ET

    WASHINGTON— MIT economist Jonathan Gruber— an often-quoted adviser on the president's health care law— told Congress on Tuesday he was glib and "inexcusably arrogant" when he said it was "the stupidity of the American voter" that led to the law's passage. Democrats tried to limit the damage as Republicans raked Gruber at a four-hour hearing, but acknowledged he...

  • DIARY - Top Economic Events to Dec 17 Thursday, 4 Dec 2014 | 7:01 PM ET

    WASHINGTON- Federal Reserve Bank of Cleveland President Loretta Mester gives a morning keynote before the 2014 Financial Stability Conference hosted by the Federal Reserve Bank of Cleveland and the Office of Financial Research- 1345 GMT. WASHINGTON- U.S. Treasury Office of Financial Research Director Richard Berner gives a luncheon speech before the 2014...

  • Express 3Q results mixed, cuts full-year forecast Thursday, 4 Dec 2014 | 12:51 PM ET

    Express results topped the average estimate of analysts surveyed by Zacks Investment Research by a penny per share.

  • Pilots sue Buffett's NetJets over labor, privacy Wednesday, 3 Dec 2014 | 4:36 PM ET

    Dec 3- A group representing more than 2,700 pilots in contentious contract talks with NetJets Inc has sued the luxury aviation unit of Warren Buffett's Berkshire Hathaway Inc over alleged violations of federal labor and privacy laws. The NetJets Association of Shared Aircraft Pilots accused NetJets of impersonating a pilot on Twitter, baiting pilots to...