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FirstEnergy CEO Anthony Alexander to step down, become executive chairman
FirstEnergy CEO Anthony Alexander is stepping down from his position the first of the year to assume a newly created position as executive chairman of the company. He stresses that he will work in an...
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Ohio retailers frustrated by Congress' reluctance to pass e-fairness bill...
Letting online sellers avoid charging sales tax "automatically puts us at a disadvantage of 7 to 8 percent, especially on the kinds of products that we sell," said Jeff Blumenthal, president of...
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Cuban-Americans in Cleveland express disbelief and excitement over break in...
For the first time in 50 years, Americans may be able to do business in Cuba. Some in Cleveland's Cuban community are eager to get started. Augusto Bordelois said re-establishing ties with Cuba will...
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Ohio unemployment rate was 5 percent in November, below U.S. rate
The Ohio economy continued to grow in November, creating nearly 18,000 new jobs and knocking the unemployment rate down to 5 percent. View full sizeOhio's unemployment rate fell to 5 percent in...
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Power plant coal ash not a hazardous waste, says U.S. EPA, but issues first...
The U.S. EPA issued instantly controversial regulations on power plant coal ash lakes and ponds Friday. Green groups complained, but FirstEnergy said the rules were "appropriate" given that the agency...
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FirstEnergy rate deal to cost customers an extra $3 billion, says Consumers'...
FirstEnergy's plan to have the Illuminating Co., Ohio Edison and Toledo Edison buy all of the electricity generated by David-Besse nuclear power plant and the very large H.W. Sammis coal-fired power...
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Consumer Sentiment is at its sunniest and most optimistic in nearly 8 years
"Consumers are feeling more optimistic about their personal finances and the general direction of the economy," said IHS Global Insight Economist Chris Christopher. CLEVELAND, Ohio --Â As retailers...
View ArticleAkhia's Jan Gusich aims to help businesses communicate more effectively: 2015...
"We don't care about what other agencies are doing, because we don't feel like we're competing with them," Akhia CEO Jan Gusich said. "We're focused on 'How can we be more valuable to our clients?...
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Dick Clough wants to preserve a pristine ribbon of green along Lake Erie:...
"In my view, the lakefront, and water's edge belong to the people -- everybody -- not just a few condo owners, boaters and industrial interests," said Dick Clough. "The lakefront is no place for a...
View ArticleWilliam Gary Sr., focused on workforce and economic development in Greater...
William Gary Sr., executive vice president of Cuyahoga Community College's workforce and economic development division, focus is not only Tri-C, but the region. CLEVELAND, Ohio -- William Gary Sr.'s...
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Randall Park Mall demolition will start Monday, as village bets on industrial...
Machines will chew through 20,000 square feet of building each day, tearing down most of the mall - and preparing the site for an industrial park project - over three months. NORTH RANDALL, Ohio -- A...
View ArticleRandall Park Mall demolition under way, as crew tears into former Dillard's...
Only a few mourners huddled in the pockmarked parking lot to watch as the wrecking equipment chewed into the old department store, stripping out steel and sending dust into the cold air. NORTH...
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Mel Kurtz, with Quasar Energy Group, is all about doing it right by 'natural...
Quasar Energy Group's Mel Kurtz comes from a family that has focused on soil amendments and fertilizers for about 80 years. He can see the operations of Kurtz Bros.Inc., a landscape supply company...
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Natural-gas home-heating rates low for January
Temperatures are dropping, yet home-heating gas rates stay lower than last year. Natural gas prices this winter are expected to remain moderate even if a polar vortex returns. Plain Dealer file...
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Oil and gas industry creating new age of abundance, says American Petroleum...
The oil and gas industry's vision for the nation is one in which the government gets out of the way and the industry is allowed to grow and export U.S. gas and oil. View full sizeU.S. shale oil wells...
View ArticleWet Seal shutters 10 Northeast Ohio stores as part of 338 locations closing...
"This was a very difficult decision to make, but after reviewing many other options since I returned to the Company in September, our financial condition leaves us no other alternative than to close...
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Macy's is closing its store at Richmond Town Square, 13 others nationwide
"Our business is rapidly evolving in response to changes in the way customers are shopping across stores, desktops, tablets and smartphones," Macy's Chairman and CEO Terry J. Lundgren said. CLEVELAND,...
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RPM's 2nd quarter sales flat, profits up 10% in "disappointing" quarter
"For the second half of our fiscal year, we expect our consumer segment to benefit from a return to more normal inventory levels at our retail customers with continued growth in DIY spending, and...
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Cardinal Fastener, maker of wind turbine and other industrial bolts, to close
Cardinal Fasteners, a Northeast Ohio maker of heavy-duty industrial bolts for earth movers, bridges, and construction, and briefly for the U.S. fledgling wind industry, is being closed by its German...
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Heinen's downtown Cleveland store aims to open Feb. 25, a month ahead of...
"We're still hiring," Jeff Heinen said. "While we've hired the majority of people, we are still looking. Roughly half of the people will be existing Heinen's associates; the other half will be new."...
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