The Economy & Business

11:10am

Wed February 6, 2013
The Economy & Business

No More Saturday Mail, Says Postal Service

The United States Postal Service announced  Wednesday it will suspend mail delivery on Saturdays. WYSO’s Emily McCord reports the decision is expected to save 2 billion dollars a year.

7:04am

Tue February 5, 2013
Developing

Ohio Casino Revenue May Be Less Than Projected

Gov. John Kasich's budget proposal suggests that revenue from Ohio's four voter-approved casinos could be about half of what officials had predicted years ago.

The Cleveland Plain Dealer reports that state officials estimated four years ago that the casinos could take in as much as $1.9 billion a year after all were in operation.

But Kasich's budget proposal issued Tuesday projects that gross casino revenue will be $957.7 million for the fiscal year beginning July 1. It could rise to just over $1 billion in the following fiscal year.

The figure is significant because smaller revenues mean fewer tax dollars for the state.

6:35am

Mon February 4, 2013
The Economy & Business

Ohio Gas Prices Higher to Start Work Week

Prices at Ohio gas pumps are higher this week.

The average price for a gallon of regular gas in Ohio was $3.52 in Monday's survey from auto club AAA, the Oil Price Information Service and Wright Express. That's 13 cents higher than a week ago.

The state average mirrors the national average of $3.52, which is 17 cents higher than a week ago. The price in Ohio is about 29 cents higher than the same time last month.

Experts say prices are continuing to rise because of solid economic recovery in China and the U.S. and other factors.

The lowest average price in Ohio Monday was about $3.50 in the Columbus and Dayton areas.
 

 

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4:32pm

Mon January 28, 2013
The Economy & Business

New Jobs Promised With State Job Creation Dollars

There’s good news on the job front in Ohio. Eleven companies plan to invest 51 million dollars throughout the buckeye state.

7:04am

Mon January 28, 2013
The Economy & Business

Ohio Bankruptcies Fall to Recent Low, Data Shows

Court statistics show the number of bankruptcy filings in Ohio last year fell to the lowest total since 2006. 

The Akron Beacon Journal reports experts point to several reasons for the drop, including mortgage lenders holding off foreclosure proceedings and people having so much financial trouble that they have no assets left to protect.

University of Dayton professor Jeffrey Morris, who's a member of the National Bankruptcy Conference, says increased awareness about the struggling economy also may make people more cautious financially.

The roughly 50,600 personal and business bankruptcies in 2012 mark a drop of 14 percent from 2011, when there were more than 58,800. That's according to data from Ohio's two U.S. Bankruptcy Court districts.

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