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  • The Ohio Republican, who became chairman of the House Small Business Committee when Congress took office last week, plans to continue the committee's focus on how the government burdens small companies. Chabot plans to hold hearings to advocate for small businesses, as did his predecessor Sam Graves, R- Mo. Chabot says the committee will focus on the health care...

  • AKRON, Ohio— AT&T is blaming a burst steam pipe in a switching office for scattered 911 and phone service outages in communities in northeastern Ohio. Media reports said Summit, Portage, Medina and Stark counties were among those communities having problems, with the University of Akron and Kent State among those that lost phone service. Customers in the Akron...

  • Houses passes bill easing rules regulating Wall Street Wednesday, 14 Jan 2015 | 1:37 AM ET

    WASHINGTON— The House voted Wednesday to ease the landmark law reining in banks and Wall Street, advancing a key Republican priority more than six years after a financial crisis brought on the Great Recession. Approval of the bill came swiftly in the second week of the new Congress despite a veto threat from the Obama White House. The measure now goes to the Senate,...

  • US House votes to overturn Obama's immigration actions Wednesday, 14 Jan 2015 | 1:33 AM ET

    WASHINGTON— Shunning a White House veto threat and opposition within their own party, House Republicans approved legislation Wednesday to overturn President Barack Obama's key immigration policies and expose hundreds of thousands of younger immigrants to expulsion from the U.S. The 236-191 vote came on a broad bill that would provide $39.7 billion to...

  • NEW YORK— Now that it has moved from laid-back Portland, Oregon, to amped-up New York, the company that runs bike-sharing programs in New York, Chicago and other major cities is changing its name from Alta Bicycle Share to Motivate. Citigroup has naming rights to New York's Citi Bike through 2024, while Chicago's system is called Divvy, Seattle's is Pronto Cycle...

  • *KB Home forecasts drop in gross margins. Shares of homebuilders fell 1.5 percent after KB Home forecast a drop in gross margins for the first quarter. Homebuilder stocks had been up earlier in the session, but KB Home dropped 16.3 percent to $13.87, its biggest percentage fall since 1992..

  • Chinese glass maker expands at former GM site in Ohio Tuesday, 13 Jan 2015 | 4:14 PM ET

    COLUMBUS, Ohio— A Chinese company will expand its automotive glass-making plant in southwest Ohio to serve as its North American hub for recycled glass manufacturing, nearly doubling its workforce at a former General Motors factory site, officials said Tuesday. Fuyao Glass America Inc. Chairman Cao Dewang and Ohio Gov. He said the company chose Ohio for its...

  • AKRON, Ohio— The police chief of a small northeast Ohio community who's become a social media celebrity because of his posts on the department's Facebook page has been suspended without pay for two weeks. The Akron Beacon Journal reports that Brimfield Township police Chief David Oliver is not allowed to say why he was suspended starting Tuesday or what...

  • Goodyear Tire shares fall after earnings warning Tuesday, 13 Jan 2015 | 2:16 PM ET

    NEW YORK— Shares of Goodyear Tire fell Tuesday after it warned that its fourth-quarter earnings may be hurt by the strong dollar, demand weakness in Europe and warmer-than-expected winter weather. The company, based in Akron, Ohio, made the announcements at Deutsche Bank's Global Auto Industry Conference in Detroit Tuesday. Shares of The Goodyear Tire& Rubber...

  • CINCINNATI— Ohio State's national football championship means a big win totaling nearly $1.5 million for hundreds of furniture buyers in Ohio and Kentucky. Morris Furniture Co. Inc. in suburban Dayton ran a promotion at 15 Morris Home Furnishings and Ashley Furniture HomeStores in Columbus, Dayton and Cincinnati in Ohio and in Florence, Kentucky.

  • Dana Holding CEO will retire next year Tuesday, 13 Jan 2015 | 9:20 AM ET

    NEW YORK— Auto-parts maker Dana Holding said Tuesday that its CEO plans to retire next year. For 2015, Dana Holding expects earnings between $2.10 per share and $2.20 per share. Dana Holding said it expects revenue between $6.7 billion and $6.8 billion.

  • President Barack Obama last week announced that the $259 million Institute for Advanced Composites Manufacturing Innovation, which will be anchored by the University of Tennessee-Knoxville and will include 122 public and private partners, including some from Michigan. The effort is backed in part by a $70 million grant from the U.S. Department of Energy...

  • WASHINGTON— President Barack Obama and Republican congressional leaders paid lip service to the notion of bipartisanship in their first meeting of the year Tuesday, but neither side appeared to give ground on GOP priorities that have been met with a flurry of veto threats from the White House. The Keystone measure and immigration bill are among the five veto...

  • Goldman cuts 3- month Brent forecast to $42 from $80. NEW YORK, Jan 12- Oil fell 5 percent to its lowest in nearly six years on Monday, extending the second-deepest rout on record, after Goldman Sachs warned that prices would fall further and Gulf oil producers showed no sign of cutting output. "I figured we'd see $40 in the near term, but everything seems to be happening...

  • Goldman cuts 3- month Brent forecast to $42 from $80. "I figured we'd see $40 in the near term, but everything seems to be happening quicker than expected," Tariq Zahir of Tyche Capital Advisors. The bank cut its three-month forecasts for Brent to $42 a barrel from $80 and for the U.S. futures contract to $41 from $70.

  • LONDON, Jan 12- Oil prices showed no sign of escaping their downward spiral on Monday and signs emerged that cheap crude may have a positive impact on the European economy, with airlines and the auto industry leading the region's shares higher. This time it's different and the market has to learn that, "said Jochen Rothenbacher, research and sales director at...

  • *European shares rise as Shire buys NPS Pharmaceuticals. The pan-European FTSEurofirst 300 index rose 0.3 percent to 1,352.67 points after Shire Plc agreed to buy NPS Pharmaceuticals for $5.2 billion. The euro zone's blue-chip Euro STOXX 50 index advanced 0.6 percent and Britain's FTSE 100 climbed 0.3 percent, helped by a 1.4 percent rise in Shire.

  • SINGAPORE, Jan 12- Global oil prices extended their slide on Monday as Goldman Sachs lowered its short-term price outlook, while refineries in Ohio and Pennsylvania were hit by fires over the weekend, curtailing demand for crude in the U.S. Analysts at Goldman Sachs lowered their three-month price forecast for Brent to $42 a barrel from $80.

  • SINGAPORE, Jan 12- Global oil prices extended their slide on Monday weighed by weakening demand in Europe and Asia, while refineries in Philadelphia and Ohio were hit hard by fires over the weekend, curtailing demand for crude in the U.S. Refinery disruptions in Philadelphia and Ohio threaten to add to a growing glut of crude by reducing demand from two sizeable...

  • Jan 11- A fire that started after an explosion on Saturday at Husky Energy Inc's 155,000- barrel-per-day crude oil refinery in Lima, Ohio, has caused extensive damage to a unit at the plant, a fire official said Sunday. No injuries were reported in the blast, which was heard across the city and shattered nearby windows, according to local media reports.