American Electric Power on Wednesday reported fourth-quarter profit of $191 million, falling short of estimates.» Read More
CLEVELAND-- TransDigm Group Inc. said Wednesday it has asked lenders to increase its credit facility so that it can pay its shareholders a special dividend. The Cleveland- based aircraft parts maker said it is considering paying between $400 and $850 million to shareholders before the end of the year, using funds from the possible new debt financing.
Oct 3- Coatings and sealants maker RPM International Inc raised its profit and sales growth forecast for 2013 on recent acquisitions and growth expectations in North America. The company, which has manufacturing facilities in 20 countries outside the United States, acquired three companies during the first four months of the year, it said.
CHICAGO, Oct 3- Ask Macy Gray about her net worth, and the Grammy-winning R&B singer and songwriter is not sure- though she is perfectly willing to help out with a little online research. exclaims Gray, 45, an Ohio native who calls Los Angeles home. " It says here I'm worth $38 million.
COLUMBUS, Ohio-- The casino set to open Monday in Ohio's capital is testing its operations with an invitation-only demonstration day. The $400 million Hollywood Casino Columbus says proceeds from Wednesday's games will go to five local nonprofit organizations.
*Best Buy founder, private equity firms examine books. Stocks oscillated between gains and losses as hopes that Spain will eventually request a bailout were offset by concern over China's slowing economy.
MEDINA, Ohio-- RPM International Inc. said Wednesday its fiscal first-quarter net income fell by more than half, hurt by hefty charges mostly related to a drop in value of assets in India.
INDIANAPOLIS-- Campaign cash from outside political groups is flooding into conservative states with close Senate races like Indiana, Arizona and Montana, where residents are more accustomed to local news promos between football games than the relentless, often snarky attack ads.
John Kasich for a dollar to help jump-start Ohio's job-creation efforts is leaving his state management job and returning to the private sector. Mark Kvamme will resign as president and interim chief investment officer of JobsOhio effective Nov. 1, board Chairman Jim Boland announced Tuesday.
Oct 3- RPM International Inc's quarterly profit fell as the coatings and sealants maker incurred one-time charges but it raised its profit and sales growth forecast for 2013..
In Maine, New Jersey and North Carolina, officials have refused to allow new cyber-schools to open this year, citing concerns about poor academic performance, high rates of student turnover and funding models that appear to put private-sector profits ahead of student achievement.
Oct 3- RPM International Inc's quarterly profit fell as the coatings and sealants maker incurred one-time charges. Profit fell to $33.9 million, or 26 cents per share, in the first quarter, from $76.8 million, or 59 cents per share, a year earlier. The Medina, Ohio- based company's shares closed at $26.63 on Tuesday on the New York Stock Exchange.
Republican challenger Mitt Romney has pulled even with President Obama in the critical swing state of Florida, a new NBC News/Wall Street Journal/Marist poll has found.
COLUMBUS, Ohio-- For decades, one tiny county in the rolling hills of Ohio's rural reaches was a depressed farm community saddled with double-digit unemployment. Now, Carroll County boasts more active oil and gas wells than any other in the state, and the tax dollars are flowing right along with the crude and natural gas.
_ ALASKA: Governor's proposed oil tax cuts failed to gain approval. _ FLORIDA: Oil production taxes reduced to offset technological costs of extraction. _ IDAHO: Replaced an existing oil tax with a 2.5 percent conservation tax on the market value of all oil and gas produced.
LAS VEGAS-- With billions of dollars at stake, the head of the gambling industry's main lobbying group sounded a pessimistic note Tuesday about the prospect of Congress passing Internet regulatory laws this year.
DETROIT-- Americans found plenty of reasons to buy new cars in September, making auto sales a bright spot in the economy for yet another month. Sales rose for most carmakers, led by big gains at Toyota, Honda and Volkswagen. Gas prices have jumped 14 percent since July 1, and hit $3.79 per gallon at the end of September, a record for that time of year.
Oct 2- The Bon-Ton Stores Inc:. *The Bon Ton Stores Inc- announces January closing of its Springfield, OH. *Says the company will not renew the lease, which terminates January 31, 2013.
WASHINGTON-- The U.S. economy is looking more resilient, thanks in part to encouraging signs for the two most expensive purchases most Americans make: cars and homes. Cheap loans and a bounty of fuel-efficient models enticed people to buy new vehicles at a brisk pace last month.
CINCINNATI-- Laser eye surgery provider LCA-Vision Inc. said Tuesday that LasikPlus procedures decreased 8 percent in the third quarter, and the company said coverage of the upcoming presidential election is partly to blame. LCA-Vision reported 11,510 LasikPlus procedures in the third quarter, down from 12,444 a year ago.
NEW YORK-- Analysts for Cowen and Co. started coverage of a group of companies that make tests used to diagnose infectious diseases, assigning top ratings to companies including Cepheid, Hologic Inc., and Meridian Bioscience Inc..