Cleveland Business News

House Democrats say there is no time like the present to renew the Third Frontier program, which invests in new high-tech firms with the hope that they will blossom into strong companies with good-paying jobs. Hearings will begin this week...

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Alcoa Inc. will rebuild the damaged 50,000-ton press at its Cleveland Works in Cuyahoga Heights, a decision that will protect 700 jobs and eventually create hundreds more. "We took this on as a refuse to lose campaign," said Bill Christopher,...

has priced a planned offering of 35.75 million shares of its common stock at $5.60 a share. The maker of specialty chemicals said the offering is expected to close Nov. 6. The offering's underwriters have been granted a 30-day over-allotment...

has reported a big improvement in bottom-line results for the month of September and the third quarter compared to the like periods a year ago, when the company took huge writedowns on the value of securities held in its investment...

National City Bank and AmTrust Bank both lost notable market share in Greater Cleveland in the past year, while KeyCorp and Charter One both enjoyed big gains, according to a new federal report...Federal Deposit Insurance Corp.'s annual market share report....

has reported lower third-quarter earnings than a year earlier, though the results exceeded the company's guidance given in late July. The diversified manufacturer said its net income in the quarter fell 39%, to $193 million, or $1.14 a share, from...

said profits more than doubled in the third quarter, largely as a result of the effectiveness of cost-cutting measures and the impact of lower raw material costs...Shortly after 1 p.m. today, Goodyear shares were down $2.99 to $13.75, a drop...

Sherwin-Williams Covposted a quarterly profit that beat Wall Street estimates on lower interest expense and cost savings, but shares fell 6 percent on the paint maker's disappointing fourth-quarter earnings outlook. Sherwin-Williams, which caters to do-it-yourself (DIY) customers, contractors,...