HARRISBURG, Pa.-- A new state tax incentive designed to encourage companies to hire in Pennsylvania passed both chambers of the Legislature on Wednesday and was sent to Gov. "The beauty of this approach is that this is not revenue that is in the state currently," Senate Appropriations Committee Chairman Jake Corman, R- Centre, told colleagues. "
CNBC's Phil LeBeau reports on a controversial drilling procedure that could erase an Ohio town's $5 million shortfall.
COLUMBUS, Ohio-- State regulators in Ohio are allowing aluminum manufacturer Ormet Corp. to defer electric bill payments for the remainder of the year. Ormet, located near Hannibal in eastern Ohio, has benefited from a unique electric-rate subsidy with American Electric Power Co. that has reduced its costs by more than $150 million since 2009..
CNBC's Jim Cramer talks with Chesapeake Energy CEO, Aubrey McClendon, about retraining workers and creating jobs in Ohio.
CLEVELAND-- KeyCorp's net income rose in the third quarter, as the regional bank operator generated more revenue from fees and interest on loans. The results beat analysts' expectations, and KeyCorp stock gained in morning trading. KeyCorp's total revenue rose 2 percent, to $1.12 billion from $1.04 billion in the same period a year earlier.
Fifth Third's net income available to common shareholders fell to $354 million, or 38 cents per share, from $373 million, or 40 cents per share, a year earlier.
CNBC's Phil LeBeau reports the "Buckeye State's" auto industry is rebounding and it's a big reason the state's unemployment rate is 7.1 percent; lower than the national average.
An Associated Press analysis of presidential campaign advertising data from April through last week found that pro-Romney spending has exceeded pro-Obama ad spending by at least $65 million across the nine states expected to decide the election: Colorado, Florida, Nevada, New Hampshire, North Carolina, Ohio, Virginia, Iowa and Wisconsin.
NEW YORK-- Macy's is firing its first salvo at the millennials. In March, Macy's restructured its merchandise team to focus on those shoppers and plans to make other major changes in the next three years to further rope them in.
The presidential campaign has spent more than $100 million on advertising trying to swing Ohio voters, reports CNBC's Phil LeBeau.
NEW ORLEANS-- The NFL is again urging a federal judge to avoid interfering in Commissioner Roger Goodell's efforts to discipline four players for the Saints' cash-for-hits bounty pool.
CLEVELAND-- Parker Hannifin Corp., which makes industrial hoses, airplane wheels and other products, said Wednesday that it has agreed to buy Sea Recovery from Denmark's Danfoss A/S. Cleveland- based Parker Hannifin will assume ownership of the business on Nov. 1. Parker Hannifin shares rose $1.85, or 2.3 percent, to $83.82 in afternoon trading Wednesday.
At the University of Cincinnati, 200 students were expected to turn out to watch the second debate between Barack Obama and Mitt Romney. "It goes without saying that the knives were out," said Karim Aladmi, a 21- year-old international affairs major from Dayton, Ohio, who wore a suit and tie for the occasion.
WASHINGTON-- Republican candidates for the Senate in conservative-leaning states generally outraised their Democratic opponents in the latest fundraising quarter ending Sept. 30, but Arizona proved an exception as former surgeon general Richard Carmona raised nearly $500,000 more than Republican Jeff Flake.
ATTENTION SHOPPERS: Kroger Co. is forecasting stronger growth in the years ahead, as company executives outlined plans to expand into new and existing markets, as well as grow the core business. CASHING IN: The Cincinnati- based company now expects earnings per share to grow 8 to 11 percent, up from the previous forecast of 6 to 8 percent.
Johnson& Johnson's third-quarter profit fell 7 percent as litigation and acquisition costs and factory upgrade expenses related to its consumer product recalls offset higher medicine and medical device sales.
PITTSBURGH-- Pennsylvania's Supreme Court heard arguments Tuesday in a natural gas case that could create chaos for major energy companies and thousands of leaseholders. The Powers estate claims that the reference to "minerals" in the old deed gives them part ownership of the natural gas locked in the Marcellus Shale under the property.
BOSTON-- Investors, concerned about PNC Financial Services Group Inc.' s ability to grow profit amid record-low interest rates and increasing expenses, drove down the bank's shares Tuesday after its third-quarter results.
CLEVELAND-- Diversified manufacturer Eaton Corp. said Tuesday that three major independent proxy advisory firms have recommended that Eaton shareholders vote in favor of the company's pending acquisition of Cooper Industries plc.
NEW ORLEANS-- A federal magistrate judge has ordered NFL Commissioner Roger Goodell to provide the court with documents related to the league's bounty investigation of the New Orleans Saints. NFL spokesman Greg Aiello said league officials have already discussed the order with Knowles and have agreed to comply.