Ohio Business News

An Ohio electric company has bought the rights to an abandoned limestone mine so it can pump the cavern full of compressed air and let it out to generate power during peak-use times. The 600-acre cavern will allow Akron-based FirstEnergy...

Procter & Gamble Co ( PG .N) does not see acquisitions as a core part of its growth plan and has started to buy back shares again, Chief Financial Officer Jon Moeller said on Friday. "There seems to be continuous...

Ohio's unemployment rate rose to 10.5 percent in October from 10.1 percent the month before, but, curiously, the state's job count rose by 1,400, Ohio officials said yesterday. That is the reverse of the trend set by the past two...

Ohio’s attorney general sued Standard & Poor’s , Moody’s and Fitch Ratings on Friday, asserting that they provided misleading credit ratings that led to hundreds of millions of losses for state funds. The official, Richard Cordray, filed the lawsuit in...

Developers of a Columbus casino approved in Tuesday's election pledged yesterday to win over skeptics with a first-class facility, even as calls increased for another ballot issue next year to "fix" the proposal. Executives of Penn National Gaming met with...

Lord Burns, a former senior civil servant at the Treasury, is set to be unveiled as the new chairman of Channel Four, and his first job will be to find a replacement for the outgoing chief executive, Andy Duncan. It...

Ohio — Cooper Tire & Rubber Co. said Monday it earned $46.8 million in the third quarter, citing lower raw material costs than a year ago, manufacturing improvements and higher sales volumes...Cooper said that while raw material prices have escalated...

The Procter & Gamble Co. sees consumers around the globe starting to come back to its household brands and expects sales to strengthen in the months ahead. The world's largest consumer products company reported better-than-expected first-quarter results Thursday and offered...