×

Top News & Analysis Cleveland

  • Retail spending over the holidays in Ohio is expected to grow by $481 million for an overall total of $24.1 billion this year. Across Ohio, sales outlooks are expected to increase most in the Cleveland, Dayton and Toledo regions. The state's three biggest metro regions— Columbus, Cleveland and Cincinnati— account for more than half of all retail spending in state,...

  • DETROIT— A resurgent downtown Detroit has become something of a magnet for small startup companies, corporate headquarters and even fine cuisine. "Detroit is a city that's on the move right now. The Greektown neighborhood long had been Detroit's entertainment destination, but central downtown has become home to Joe Muer Seafood and national chains like the...

  • *Wall St off, weighed by tax uncertainty ahead of Thanksgiving. NEW YORK, Nov 17- The U.S. dollar was lower on Friday along with Wall Street stocks as investors pulled back from technology stocks and were skeptical President Donald Trump's Republican party would succeed in its efforts at overhauling U.S. tax law. But the celebration was short-lived as the focus...

  • NEW YORK, Nov 17- Wall Street was set to end the week on a muted note on Friday, with major indexes slipping modestly, as investors weighed the fate of the Republicans' tax cut plan. Investors have been hopeful that a tax bill under debate in Congress will boost corporate earnings and further fuel the stock market's record-setting run. "Everybody is looking at that tax...

  • WASHINGTON, Nov 13- Zhongwang USA, an investment firm backed by a Chinese tycoon, has called off its planned acquisition of U.S. aluminum maker Aleris Corp after failing to win U.S. government approval, the companies said on Monday. Zhongwang USA said it had wanted the deal to preserve American jobs. "The Aleris acquisition was a win-win opportunity for American...

  • U.S. companies embraced Cuba in the wake of the detente, jostling for a foothold in an opening market of 11 million consumers. Starwood Hotels, a subsidiary of Marriott International Inc, took over management of a Cuban hotel and cruise operators like Florida- based Carnival Cruise Line included Cuba in their itineraries. But worsening U.S. relations as well as...

  • CLEVELAND _ TransDigm Group Inc. on Thursday reported fiscal fourth-quarter earnings of $90.2 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $3.38 per share. TransDigm expects full-year earnings in the range of $12.78 to $13.42 per share, with revenue in the range of $3.65 billion to $3.73 billion.

  • Cleveland's claim to Amazon's HQ2

    Frank Jackson, Mayor of Cleveland, talks to CNBC's Scott Cohn about his city's efforts to convince Amazon to open its second headquarters there.

  • DETROIT, Oct 31- When U.S. authorities arrested Arthur Rathburn last year, they hailed their investigation as a milestone in efforts to police a growing industry: brokers who acquire bodies donated to science, dissect them and sell or lease the parts for profit. In the mid-2000s, for example, New York state health inspectors twice reprimanded him for failure to...

  • The bank now expects total loans to be between $87 billion and $87.5 billion for 2017. It had previously forecast total average loans of $87 billion to $88 billion. Cleveland- based KeyCorp said net income attributable to common shareholders more than doubled to $350 million.

  • Oct 19- U.S. regional bank KeyCorp reported quarterly profit that more than doubled as it reaps the benefit of its acquisition of First Niagara Financial Group and higher interest rates. Net interest income rose 22 percent to $962 million in the third quarter ended Sept. 30,. Cleveland- based KeyCorp said net income attributable to common shareholders rose to...

  • Oct 19- U.S. regional bank KeyCorp reported quarterly profit that more than doubled as it gains from its acquisition of First Niagara, while income from loans benefited from higher interest rates. Cleveland- based KeyCorp said net income attributable to common shareholders rose to $350 million, in the third quarter ended Sept. 30 from $166 million a year earlier.

  • *Sees EBITA hit of 20 mln euros in Q4, 60 mln euros in 2018. AMSTERDAM, Oct 11- Health technology company Philips is suspending the manufacture of some defibrillators in the United States and will make others under heightened scrutiny following criticisms from U.S. regulators, in a move it said would dent profits. Philips disclosed details of the current dispute in...

  • NEW YORK, Sept 29- The dollar was poised for its strongest week of the year on Friday, while world stock markets climbed back near record-high levels on the last trading day of the quarter. On Wall Street, the S&P 500 and Nasdaq minted all-time highs, while European stock markets also gained. The economic data we got was either on target or it was slightly...

  • *Tech sector buoys Wall Street after record high close. NEW YORK, Sept 29- The dollar was headed for its strongest week of the year on Friday as it rose again, while world stock markets climbed back near record-high levels on the last trading day of the quarter. The economic data we got was either on target or it was slightly better than expected so there wasnt anything...

  • NEW YORK, Sept 26- U.S. Treasury yields rose on Tuesday as Federal Reserve Chair Janet Yellen stuck to the view that the central bank remains on track for gradual interest rate increases even as inflation remains below its 2 percent goal. Yellen "repeated that inflation being low as transitory and the Fed is on a gradual pace of rate hikes," said Brian Daingerfield,...

  • NEW YORK, Sept 26- U.S. Treasury yields rose on Tuesday as Federal Reserve Chair Janet Yellen stuck to the view that the central bank remains on track for gradual interest rate increases even as inflation remains below its 2 percent goal. Yellen "repeated that inflation being low as transitory and the Fed is on a gradual pace of rate hikes," said Brian Daingerfield,...

  • WASHINGTON, Sept 26- The uneven distribution of employment in the U.S. economy is curbing the nation's long-run potential growth, Federal Reserve Governor Lael Brainard said on Tuesday, as she urged the central bank to undertake more research to help diminish inequality. "To the extent that disparities in income and wealth across race, ethnicity, gender, or...

  • *U.S. to sell $26 bln two-year notes at 1 p.m.. Treasury yields rose on Tuesday ahead of a speech by Federal Reserve Chair Janet Yellen and a $26 billion sale of two-year notes, which kicks off this week's $88 billion short- and medium-dated government debt supply. Yellen is scheduled to speak at 12:45 p.m. about "Inflation, Uncertainty, and Monetary Policy" at the...

  • NEW YORK, Sept 26- The euro fell to its lowest level in a month on Tuesday as worry about political fallout in Germany and other euro zone countries grew. Investors have shifted their focus to the euro zone's growing political divides in places such as Spain and Italy after the German election, said Joseph Trevisani, Chief Market Strategist at WorldWide Markets in...