The Economy & Business

The Economy & Business
11:10 am
Wed February 6, 2013

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.

Read more
Developing
7:04 am
Tue February 5, 2013

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.

Read more
The Economy & Business
6:35 am
Mon February 4, 2013

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 Economy & Business
4:32 pm
Mon January 28, 2013

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.

Read more
The Economy & Business
7:04 am
Mon January 28, 2013

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.

Read more

Pages