Top News & Analysis Ohio

  • Sen. Rob Portman, R-Ohio, talks with reporters before the Senate Policy luncheons in the Capitol on June 5, 2018.

    "I'm going to vote for him, and I'm helping him, and I'm endorsing him. I cannot believe the change we have seen in terms of our economic growth," Sen. Rob Portman told CNBC.

  • NEW YORK, Feb 10- Saks Fifth Avenue owner Hudson's Bay Co on Monday named a president to lead its off-price business, known as Saks Off 5th, the latest example of a department store chain trying to bolster its outlet stores. Until now, the discount apparel unit Off 5th was run by the president of the main Saks Fifth Avenue chain. Under the watch of Saks Fifth Avenue...

  • But an embarrassing meltdown in the Iowa caucus vote count, and a dismal showing by Joe Biden, once seen as the safest choice to unseat the Republican incumbent, have only heightened fears among some Democrats that their party isnt up to the task. Tuesdays New Hampshire primary may do little to dispel the collective unease or help bridge the deep ideological...

  • But an embarrassing meltdown in the Iowa caucus vote count, and a dismal showing by Joe Biden, once seen as the safest choice to unseat the Republican incumbent, have only heightened fears among some Democrats that their party isnt up to the task. Tuesdays New Hampshire primary may do little to dispel the collective unease or help bridge the deep ideological...

  • Feb 6- Innergex Renewable Energy Inc said on Thursday Hydro-Québec, one of the world's largest hydropower producers, will invest about C $661 million for a nearly 20% stake. Hydro-Québec will buy 34.6 million common shares of Innergex at C $19.08 per share in a private placement. Innergex expects to use about $50 million from the private placement to fund the...

  • DETROIT, Feb 5- General Motors Co has watched with frustration and envy as the market value of electric carmaker Tesla Inc has ballooned to about two and a half times GM's size, but on Wednesday the Detroit automaker made the case that its EV and self-driving technology strategy deserves a higher value. GM Chief Executive Mary Barra and top executives hosted an...

  • DETROIT, Feb 5- General Motors Co has watched with frustration and envy as the market value of electric carmaker Tesla Inc has ballooned to about two and a half times GM's size, but on Wednesday the Detroit automaker made the case that its EV and self-driving technology strategy deserves a higher value. GM Chief Executive Mary Barra and her top executives hosted...

  • DETROIT, Feb 5- General Motors Co has watched with frustration and envy as the market value of electric carmaker Tesla Inc has ballooned to more than triple GM's size, but Wednesday the Detroit automaker will make the case that its EV and self-driving technology strategy deserves a higher value. GM Chief Executive Mary Barra and her top executives will host an...

  • DETROIT, Feb 5- General Motors Co has watched with frustration and envy as the market value of electric carmaker Tesla Inc has ballooned to more than triple GM's size, but Wednesday the Detroit automaker will make the case that its EV and self-driving technology strategy deserves a higher value. GM Chief Executive Mary Barra and her top executives will host an...

  • DETROIT, Feb 5- General Motors Co has watched with frustration and envy as the market value of electric carmaker Tesla Inc has ballooned to more than triple GM's size, but Wednesday the Detroit automaker is expected to make the case that its EV and self-driving technology strategy deserves a higher value. GM Chief Executive Mary Barra and her top executives will...

  • Analysts at New Street Research said lowering churn would be more difficult with shift in the wireless market. Total operating revenue rose to $34.78 billion from $34.28 billion, beating the estimate of $34.60 billion, according to IBES data from Refinitiv. Net income rose to $5.22 billion, or $1.23 per share, in the fourth quarter ended Dec. 31 from $2.07 billion,...

  • However, Marathon's adjusted earnings of $1.56 per share were well-above Wall Street expectations of 86 cents, boosted by better-than-expected refining margins that have set a positive tone for the entire sector. Since the start of this year, United Nations shipping agency, International Maritime Organization, has banned ships from using fuels with a...

  • Jan 29- U.S. refiner Marathon Petroleum Corp reported a 53% fall in quarterly profit on Wednesday, as it took a $1.2 billion pre-tax charge primarily related to goodwill impairment in its limited partnership MPLX. Findlay, Ohio- based Marathon is also in the middle of an organizational restructuring, and has begun searching for a new CEO as it looks to spinoff of...

  • NEW YORK, Jan 26- Michael Avenatti shot to fame from obscurity two years ago by taking to the airwaves as an outspoken, self-described nemesis of Donald Trump while representing adult film actress Stormy Daniels in lawsuits against the U.S. president. Now the 48- year-old celebrity lawyer faces an uncertain future, as he goes on trial on Monday on charges he tried...

  • New York, Jan 24- Wall Street is betting that the most popular U.S. technology and internet stocks can keep outshining the broader equities market but their latest rally leaves little room for error this earnings season. Daniel Morgan, portfolio manager at Synovus Trust in Atlanta, Georgia describes the group as the "Cadillacs" of the technology sector, and said...

  • WASHINGTON, Jan 22- U.S. home sales jumped to their highest level in nearly two years in December, the latest indication that lower mortgage rates are helping the housing market to regain its footing after hitting a soft patch in 2018, though record low inventory could be an obstacle to continued strong gains. The report from the National Association of Realtors...

  • Jan 16- Bank of America Private Bank, formerly U.S. Trust, is doubling down on efforts to court more business from the country's wealthiest individuals, an executive told Reuters. Bank of America bought U.S. Trust, a storied firm that once handled money for families like the Astors, in 2007 in a deal that vaulted the bank to top of the U.S. private banking rankings with...

  • President Donald Trump and Chinese Vice Premier Liu He will sign an initial trade deal on Wednesday that will roll back some tariffs and see China boost purchases of U.S. goods and services, defusing an 18- month conflict between the world's two largest economies. U.S. officials called the deal a huge win that marked a significant shift in Washington's...

  • Jan 14- Independent advisers to the U.S. Food and Drug Administration on Tuesday unanimously voted against Nektar Therapeutics' opioid painkiller for adults with chronic low back pain, sending the drug developer's shares down 12% in extended trading. I couldn't say the benefits outweighed the risks, "said panel member Lee Hoffer from Case Western Reserve...

  • Jan 13- The U.S. Supreme Court on Monday declined to take up a dispute that has roiled the $3.8 trillion U.S. municipal bond market over payments on special revenue bonds that grew out of Puerto Rico's ongoing bankruptcy. The justices left in place rulings last year by the Boston- based 1st U.S. Circuit Court of Appeals, which determined that payments on certain...