Business Headlines

Ohio Gas Station Offers 99 Cents Gasoline Promotion

Updated: 08/28/2015 - The falling price of crude oil around the world is pushing down what we have to pay to fill our tanks -- but for a brief period Thursday morning (08/27), it prompted a run one local local gas station.
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Adult Coloring Books For Relaxation and Health

Updated: 08/27/2015 - Coloring books for adults have been hitting the best seller lists since the spring. Having folks like replacing yoga mats with colored markers as a way to destress.
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Madden NFL 16 Hits Retail This Week

Updated: 08/26/2015 - In a sign that the holidays are just around the corner, video game maker electronic arts today released "Madden NFL 16."
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Business News

  • Focus turns to U.S. data as China slowdown looms

    Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New YorkAfter a dizzying two weeks that saw a rapid plunge and rebound in equity prices, investors are looking forward to a week of economic data that may provide clarity on the likelihood of a near-term U.S. interest rate hike and help tamp down the market's recent wild swings. The economic figures will culminate in Friday’s jobs report that should reveal more about the strength of the U.S. economy. Car sales, construction spending, the Federal Reserve's "beige book" and jobs growth may show the economy is strong enough to withstand the first rate hike in nearly a decade from the Federal Reserve, despite worries about a hard landing for China’s economy.


  • Suzuki Motor says it will buy back VW stake as court settles feud

    A view shows the logo of a Suzuki truck for sale at a Suzuki dealership in National CityJapan's Suzuki Motor Corp said on Sunday it will buy back the 19.9 percent stake it sold to Volkswagen AG after an international arbitration court settled a dispute between the automakers over their failed partnership. Suzuki filed for international arbitration in November 2011, after Volkswagen refused to sell back the shares in Suzuki it acquired in January 2010 for 1.7 billion euros ($1.90 billion). The stake was worth some $3.8 billion at Friday's closing price.


  • Boeing uses its clout to control supplier consolidation

    The Boeing logo is seen at their headquarters in ChicagoBy Alwyn Scott NEW YORK (Reuters) - Berkshire Hathaway Inc's $37 billion deal for aerospace supplier Precision Castparts Corp is encouraging investors to consolidate the fragmented aircraft components industry, even as Boeing Co uses its clout as the world's biggest plane maker to put a check on some deals. Potentially standing in their way, though, is Boeing, these people said. Boeing is the biggest customer of most aerospace suppliers, and is slowing some acquisitions by using its power to approve the transfer of its supply contracts from one owner to another.


  • Fed's Fischer sees inflation rebound, allowing gradual rate hikes

    Federal Reserve Vice Chairman Stanley Fischer speaks during a TV interview during the Federal Reserve Bank of Kansas City's annual Jackson Hole Economic Policy Symposium in WyomingU.S. inflation will likely rebound as pressure from the dollar fades, allowing the Federal Reserve to raise interest rates gradually, Fed Vice Chairman Stanley Fischer said on Saturday in a speech careful not to overreact to a possible Chinese slowdown. The influential U.S. central banker was circumspect whether he would prefer to raise rates from near zero at a much-anticipated policy meeting on Sept. 16-17. The cautious confidence from Fischer, as well as from Bank of England Governor Mark Carney who spoke at a conference alongside him, suggests at least two major central banks are poised to look beyond a week of financial-market turmoil brought on by fears that China's economy is faltering.


  • Buffett's Berkshire takes $4.48 billion stake in Phillips 66

    Berkshire Hathaway CEO Warren Buffett participates in a newspaper throwing contest prior to the Berkshire annual meeting in OmahaWarren Buffett's Berkshire Hathaway Inc disclosed a $4.48 billion stake in oil refiner Phillips 66 , rebuilding a bet it had made in the energy industry before oil prices fell. The 57.98 million-share, or roughly 10.8 percent, stake was revealed in a Friday night filing with the U.S. Securities and Exchange Commission. Phillips 66 shares closed Friday at $77.23.


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