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Top News & Analysis Ohio

  • Houston oilfield services company Baker Hughes Inc. said Friday that 597 rigs sought oil and 153 explored for natural gas this week. Louisiana lost three rigs, New Mexico declined by two and Alaska, North Dakota and Oklahoma each lost one. Arkansas, California, Colorado, Kansas, Ohio, Pennsylvania, West Virginia and Wyoming were all unchanged.

  • Pennsylvania environmental regulators have found a likely correlation between a natural gas company's fracking operation and a series of tiny earthquakes in western Pennsylvania last year. Fracking, a method to extract gas or oil from underground shale rock, has been tied to earthquakes in neighboring Ohio and other states, but never before in...

  • MAYFIELD HTS., Ohio _ Materion Corp. on Friday reported fourth-quarter net income of $6.8 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share. Materion expects full-year earnings to be $1.45 to $1.60 per share.

  • FINDLAY, Ohio _ Cooper Tire& Rubber Co. on Friday reported fourth-quarter profit of $69.3 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 93 cents per share. Five analysts surveyed by Zacks expected $767.3 million.

  • ORRVILLE, Ohio _ J.M. Smucker Co. on Friday reported fiscal third-quarter earnings of $134.6 million. The average estimate of nine analysts surveyed by Zacks Investment Research was also for earnings of $2 per share. Seven analysts surveyed by Zacks expected $1.92 billion.

  • CANTON, Ohio _ TimkenSteel Corp. on Thursday reported a loss of $67 million in its fourth quarter. On a per-share basis, the Canton, Ohio- based company said it had a loss of $1.52. TimkenSteel shares have risen 14 percent since the beginning of the year.

  • NELSONVILLE, Ohio _ Rocky Brands Inc. on Thursday reported a fourth-quarter loss of $634,000, after reporting a profit in the same period a year earlier. On a per-share basis, the Nelsonville, Ohio- based company said it had a loss of 9 cents. Rocky Brands shares have fallen slightly more than 4 percent since the beginning of the year.

  • Healthcare

    Molina blamed Obamacare for a fourth-quarter loss and 2017 profit forecast far below estimates.

  • CLEVELAND _ CBIZ Inc. on Thursday reported a loss of $686,000 in its fourth quarter. The Cleveland- based company said it had a loss of 1 cent per share. CBIZ shares have decreased roughly 3 percent since the beginning of the year.

  • Wendy's Co. expects comparable-store sales to rise between 2 percent and 3 percent in North America for this year, in line with Wall Street expectations. Wall Street expected a penny more per share, according to Zacks Investment Research. Total revenue was $309.9 million, less than the $312.8 million Wall Street expected, according to Zacks.

  • In Massachusetts, a group that lobbies on behalf of dentists has for the first time signaled a willingness to embrace the concept, though its proposal is viewed as unnecessarily restrictive by sponsors of a competing bill in the Legislature. "We are not a silver bullet for helping access to dental care, but we are a great tool," said Christy Jo Fogarty, a dental...

  • MAUMEE, Ohio _ The Andersons Inc. on Wednesday reported fourth-quarter net income of $10.1 million, after reporting a loss in the same period a year earlier. The Maumee, Ohio- based company said it had profit of 36 cents per share. For the year, the company reported net income of $11.6 million, or 41 cents per share, swinging to a profit in the period.

  • Feb 15- Medicaid- focused health insurer Molina Healthcare Inc on Wednesday reported a fourth-quarter loss and forecast 2017 profit far below Wall Street estimates, blaming Obamacare for its disappointing financial performance. "Today's results highlight the continuing challenges we face in the ACA marketplace," Chief Executive Officer J. Mario Molina...

  • CINCINNATI _ Chemed Corp. on Wednesday reported fourth-quarter net income of $32.2 million. Chemed expects full-year earnings in the range of $7.80 to $8 per share. Chemed shares have increased 7 percent since the beginning of the year.

  • John Kasich is headed to Europe on Thursday for a series of economic development and policy discussions with corporate CEOs and world leaders. John McCain to join a bipartisan congressional delegation at the Munich Security Conference, said Kasich spokesman Jim Lynch. Kasich also plans business meetings in London seeking new development for Ohio in the...

  • MEDINA, Ohio— A 23- year-old University of Akron accounting student has been named the nation's top grocery bagger after claiming the Ohio title two years in a row. The Medina Gazette reports Brady Long returns to Wadsworth with a $10,000 prize after winning the National Grocers Association's Best Bagger championship. Long packs up groceries at Buehler's...

  • CINCINNATI _ Cincinnati Bell Inc. on Wednesday reported a fourth-quarter loss of $1.3 million, after reporting a profit in the same period a year earlier. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share. Cincinnati Bell expects full-year revenue of $1.2 billion.

  • Feb 14- Trian Fund Management LP disclosed a $3.5 billion stake in Procter& Gamble Co on Tuesday, taking aim at the maker of Pampers diapers as it moves to boost sales and shed unprofitable brands. But with a market value of $225 billion, Cincinnati's P&G remains an industry behemoth that Trian will likely want to shrink even further. "could argue that the brand sales......

  • Feb 14- Trian Fund Management LP on Tuesday disclosed that it bought a $3.5 billion stake in Procter& Gamble Co, making it the second activist shareholder to take aim at the consumer products giant in the last five years. Cincinnati, Ohio- based P&G, maker of Tide detergent, Gillette razors and Crest toothpaste, is a $225 billion behemoth whose stock price has hardly...

  • NEW YORK, Feb 14- Barry James built up his $4 billion mutual fund largely by studying balance sheets, earnings and market share. Trump's unpredictable governing style and stated desire to renegotiate trade agreements and punish companies that seek out lower-cost forms of labor are upending the classic notion of fundamental investing, said James, who manages...