American Electric Power on Wednesday reported fourth-quarter profit of $191 million, falling short of estimates.» Read More
PHILADELPHIA-- Boosted by $4.3 million from play at the state's newest casino, Pennsylvania saw a slight increase in gross revenue from slot machines last month compared to the same period a year ago, according to state gaming board figures released Tuesday. Six other Pennsylvania casinos saw smaller declines.
WASHINGTON-- In a story Sept. 28 about a presidential decision to block a Chinese company's business deal in Oregon over national security concerns, The Associated Press erroneously cited when another Chinese firm, Huawei Technologies, had abandoned plans for its purchase of a U.S. computer company, 3 Leaf Systems.
Sales rose for most automakers, led by gains of more than 30 percent for Toyota and Volkswagen. Toyota sales rose 42 percent from a year earlier, while Volkswagen jumped 34 percent from September 2011. Nissan, which has been hurt as Toyota and Honda recover from last year's earthquake in Japan, saw sales fall 1.1 percent.
Myers said Jamco's annual sales total between $15 million and $18 million. Myers, based in Akron, Ohio, said Jamco's product lineup and relationships with industrial distributors complements its existing Akro-Mils business, whose products include plastic storage bins and metal carts, and is in line with the company's growth strategy.
COLUMBUS, Ohio-- As casinos begin to open around Ohio, Tom Leksan provides a cautionary tale.
COLUMBUS, Ohio-- Shares of Express declined 17 percent in premarket trading Tuesday after the clothing retailer cut its forecast for the current quarter because of fewer shoppers in September and heavy discounting.
LAS VEGAS-- Brick-and-mortar casinos are opening in Ohio and Illinois. Voters in Oregon, Rhode Island and Maryland will vote on gambling initiatives Nov. 6.
Since when did the signatures of today's celebrity athletes become worse than your local physician's scrawl on a prescription slip? Yes, I know, some now put their uniform number under their scribble. Have the constant paparazzi-like, autograph-stalking fans caused players to rebel by putting a bumpy line with a number as their autograph?
NEW YORK-- Fifth& Pacific Cos. cut its 2012 earnings guidance Monday, citing weak sales of Juicy Couture products. Fifth& Pacific cut its estimated 2012 EBITDA by $25 million and also forecast a weak third quarter.
--AdvancePierre Foods is refinancing its existing debt and paying a special dividend to its shareholders. Rating Action On Oct. 1, 2012, Standard& Poor's Ratings Services affirmed its' B' corporate credit rating on Cincinnati, Ohio- based AdvancePierre Foods Inc. The rating outlook is stable.
COLUMBUS, Ohio-- Ohio State University has signed an agreement with a northwestern Ohio wind farm to provide enough energy to meet as much as 25 percent of the Columbus campus' electrical needs.
WASHINGTON-- The Supreme Court plunged into its new term Monday with a high-stakes dispute between businesses and human rights groups over accountability for foreign atrocities. Cases involving some of the most emotional issues in American life are likely to be decided after voters choose a president and new Congress next month.
DETROIT-- Workers rejected a judge's "ridiculous" order Monday to end a strike protesting job cuts at the Detroit regional water department, a union lawyer said. Union attorney George Washington called federal Judge Sean Cox's injunction "outrageous" and said he would file a motion to dissolve it.
PITTSBURGH-- Bass fishing, gas drilling and downtown Pittsburgh collided at a professional fishing tournament last week, and the unlikely partnership prompted cheers and concerns from anglers, environmentalists and the general public. One of the fishermen at the event said that even having a tournament in Pittsburgh is a sign of progress.
COLUMBUS, Ohio-- Ohio motorists will see gas prices holding steady as they begin a new work week. A month ago, the average gas price in Ohio was $3.89. This time last year, the Ohio average was $3.22.
NEW YORK-- Red Lobster isn't just for the seafood lover in you. Red Lobster also is increasing the number of dishes that cost less than $15 to attract customers who have cut back on spending. The chain, which is owned by Darden Restaurants Inc., says a quarter of the items on its menu will be non-seafood dishes, up from 8 percent.
As the government closed the books Sunday with a $1.1 trillion deficit for the year, which required borrowing 32 cents for every dollar it spent, budget analysts have little confidence in either man's plan to address the accumulating debt, now at about $16 trillion.
NEW YORK-- Macy's Inc. plans to hire about 80,000 seasonal workers this holiday season, a 2.5 percent increase from last year when the Cincinnati- based operator of Macy's and upscale Bloomingdale's hired 78,000 workers.
Ikea believes the shift to the longer-lasting bulbs will help set an environmentally friendly example in the industry and also save the company about $10 million to $20 million a year, or 10 percent, in lighting costs at its 300 stores around the globe, said Steve Howard, the company's chief sustainability officer.
NEW YORK-- An analyst lowered his rating on Wendy's Co. on Monday, saying that he has concerns that a key revenue metric may disappoint in the third quarter.