Cleveland Ohio Business News

Latest Local Business, Financial and Economics News

York was taken to a hospital Tuesday night. The Wall Street Journal reported he suffered from a brain aneurysm.  Full story »

The 0.1 percent gain in the Conference Board's index of leading economic indicators was the smallest increase in 11 months. It matched expectations of economists polled by Thomson Reuters. In January, the index increased 0.3 percent.  Full story »

The Labor Department said today that new claims for unemployment insurance fell 5,000 to a seasonally adjusted 457,000. That nearly matched analysts' estimates of 455,000, according to Thomson Reuters. Full story »

The Commerce Department said today the deficit in the October-December quarter jumped 12.9 percent to $115.6 billion, as imports of oil, autos and other foreign products outpaced the gains in U.S. exports.  Full story »

The Labor Department's report today indicates there is little sign of inflation, which enables the Federal Reserve to keep the short-term interest rate it controls at a record low in an effort to revive the economy.  Full story »

The German sports car brand took the No. 1 spot in the annual study, which gave it ninth place last year. Lincoln came in second, while Buick and Lexus tied for third. Mercury and Toyota rounded out the top five. Full story »

Your first look at the business world today.  Full story »

The utility filed a temporary plan Wednesday that will lower bills, but it does not refund the large sums that all-electric customers paid this winter when deep discounts were eliminated. Full story »

Contractors doing NRC-mandated ultrasonic inspections of alloy sleeves that carry control rods through the heavy carbon steel reactor lid found indications of cracks in 14 of the tubes. Full story »

The complaints from 105 drivers raise questions about whether Toyota's repairs will prevent the cars from speeding up on their own or whether there is another reason for the problem.  Full story »

Cedar Fair Entertainment Co.'s largest shareholder said today that it would continue to oppose the company's proposed sale to Apollo Global Management no matter the price.  Full story »

Some Northeast Ohio General Motors dealers who lost store franchise agreements last year say the automaker appears more willing than ever to work with them to get some stores restored.  Full story »

The following products are being recalled because they could be contaminated with salmonella, an organism that can cause serious and sometimes fatal infections in young children and others with weakened immune systems: Full story »

An eclectic array of projects is finding support from a little-known city of Cleveland loan program. Since late 2008, the city has approved more than $21 million in loans through its Vacant Property Initiative, which aims to help property owners revive empty lots, vacant buildings and little-used structures.  Full story »

A government report that prices at the wholesale level fell by the biggest amount in seven months added to confidence that inflation is contained. That would enable policymakers to keep interest rates low, good news for investors. Full story »