The Economy & Business

Business & Technology
8:58 am
Tue August 30, 2011

Gov wants consultant to look at Ohio Lottery

doncav

CLEVELAND (AP) - Ohio's governor plans to hire a consultant to look at whether the state should let a private operator run the Ohio Lottery.

A spokesman for Gov. John Kasich says his administration wants to find out the full value of the lottery and whether it makes sense to let an outside operator take over.

Kasich already is privatizing Ohio's job creation operation and some state prisons. He also wants to explore leasing the Ohio Turnpike.

Business & Technology
8:45 am
Fri August 26, 2011

US to cut estimate of Marcellus Shale gas reserves

Gerry Dincher

WASHINGTON (AP) - The Energy Department says it will reduce its estimate of undiscovered natural gas in New York, Pennsylvania and other states following a new report by the U.S. Geological Survey.

The USGS report, released Tuesday, estimates that the Marcellus Shale region contains some 84 trillion cubic feet of undiscovered, recoverable natural gas. That is far more than geologists had thought nearly a decade ago, but far below a recent projection by the Energy Department.

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Business & Technology
8:26 am
Fri August 26, 2011

Companies line up to help Ohio unload turnpike

josephleenovak

COLUMBUS, Ohio (AP) - Ohio's highway department says 14 companies are bidding to help guide the state with the possible lease of the Ohio Turnpike.

Gov. John Kasich said earlier this month that he wants to hire a team of private consultants to help the state determine how to get the best financial bang from the turnpike.

Ohio's Department of Transportation says bids came from 14 companies, including investment banks and law firms from across the country.

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Business & Technology
4:47 pm
Thu August 25, 2011

Report: NASA Made Right Picks For Retired Shuttles

oursolarsystem

NASA's watchdog says the space agency acted properly when it picked new homes for the retired space shuttles. The shuttles were awarded to museums in suburban Washington DC, Los Angeles, Cape Canaveral, Fla., and New York.

Dayton and Houston did not benefit from the decisions and had asked for an investigation, alleging political influences. In a report released today Thursday, Inspector General Paul Martin found there were no outside influences, including none from the White House. The decision making was based on attendance, population, funding and the facility.

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Business & Technology
7:37 am
Wed August 24, 2011

Chrysler may invest $72 million in NW Ohio plant

PERRYSBURG, Ohio (AP) - Chrysler Group LLC plans to invest $72 million in a northwest Ohio factory and says it is negotiating with state officials over incentives.

The automaker wants to modernize the Toledo Machining Plant in Perrysburg to produce new-generation torque converters and steering columns. The converters would be paired with new transmissions Chrysler is making in Kokomo, Ind., as part of the automaker's strategy to meet fuel economy requirements.

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