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Goodyear reports 4th quarter, full year earnings on Feb. 8

By Jim Mackinnon Published: January 31, 2017

Goodyear Tire & Rubber Co. will report fourth quarter and full 2016 fiscal year results on Feb. 8 before the stock market opens.
Richard Kramer, chairman and chief executive officer, and Laura K. Thompson, executive vice president and chief financial officer, will take part in an investor conference call at 9 a.m.
Goodyear will post the financial and related information on its investor relations website.
The public can listen in on the call either via the website or by calling (800) 895-1715 or (785) 424-1059 before 8:55 a.m. The conference ID is “Goodyear.”

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Smucker to build Uncrustables plant near Denver; fast-growing brand is now a $200 million business

By Katie Byard Published: January 31, 2017

The J. M. Smucker Co. in Orrville [NYSE: SJM] said Tuesday it plans to build an additional Uncrustables sandwiches manufacturing facility in Longmont, Col., near Denver.

Construction of the facility -- which will  have about  250 employees when phase one is complete and up to 500 employees in total  --  will start in spring 2017 with production expected to begin in calendar year 2019, Smucker said.

The new facility will help meet growing demand for the pre-made frozen peanut butter and jelly sandwiches, Smucker said. The Uncrustables brand has grown from approximately $10 million in annual sales in 2000 to a $200 million business today and ended fiscal 2016 with its 17th consecutive quarter of double digit growth in U.S. retail sales.

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Signet Jewelers announces several senior leadership changes

By Betty Lin-Fisher Published: January 31, 2017

Akron-based Signet Jewelers, the world's largest retailer of diamonds, announced a series of senior level changes on Tuesday.

Signet, which operates Kay Jewelers, Jared the Galleria of Jewelry and Zales, among other jewelry stores, employs an estimated 3,000 people in Summit County, including workers in area stores.

The changes, which are all effective immediately, include:

* creating a new President & Chief Customer Officer role. The company said it would "sharpen Signet’s focus on delivering an exceptional and unified omni-channel customer experience across brick-and-mortar, mobile and digital retail platforms."

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Many area workers are eligible for earned income tax credits; can get their taxes prepared for free

By Katie Byard Published: January 30, 2017

Thousands of area workers are eligible for federal earned income tax credits, and free services are again available this year to help eligible people claim the credits, worth as much as $6,269.

Free tax preparation, where trained volunteer workers help low- and moderate-income taxpayers determine eligibility for the credits, is available at a number of sites in the area and at special Saturday walk-in sessions beginning this week.

The Akron-Summit Earned Income Tax Program has various preparation sites for the free tax preparation.

Call 866-861-6401 to set up an appointment at the Akron Summit Community Action Inc. at 670 W. Exchange St., Akron; Ohio Means Jobs/Summit County Department of Job and Family Services, 1040 E. Tallmadge Ave., Akron.

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RPM International director Ratner retires

By Jim Mackinnon Published: January 27, 2017

Charles A. Ratner, 75, retired this week as an RPM International Inc. director after nearly 12 years on the Medina company’s board.
Ratner is the recently retired chairman, chief executive officer and president of Forest City Realty Trust, Inc., formerly Forest City Enterprises, Inc. He had been with Forest City for 50 years.
Ratner was on RPM International’s compensation committee.
“During Chuck’s tenure, RPM’s annual sales have nearly doubled from $2.6 billion to more than $5 billion, and the annual dividend paid to our shareholders has increased from 60 cents to $1.20 per share. His contributions played an important role in this strong performance,” RPM Chairman and CEO Frank C. Sullivan said in a statement.

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Marilyn Sessions of Hometown Bank in Kent wins chamber's top honor

By Katie Byard Published: January 20, 2017

Marilyn Sessions, human resources and training officer at Hometown Bank  in Kent, has received the Kent Area Chamber of Commerce’s highest honor -- the W.W. Reed Medal for Public Service.

Sessions was recognized for her "countless hours of volunteering for numerous organizations, and her commitment and dedication to the Kent community and its variety of events," the chamber said in a news release.

Those events include the Kent Heritage Festival, Grill for Good and Dogs days of Summer.

Lori Wemhoff, the champber's executive director, said Sessions is “always willing to help,' while "never seeking recognition or awards."

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Akron City Center Hotel closes in downtown Akron

By Katie Byard Published: January 19, 2017

By Katie Byard and Jim Mackinnon
Beacon Journal staff writers

(This is an early version of this story. See the complete report, including a video, at

The struggling Akron City Center Hotel, one of the taller buildings  on Akron’s downtown skyline, has closed.

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FirstEnergy to sell some natural gas plants, part of hydro plant to LS Power

By Betty Lin-Fisher Published: January 19, 2017


They are:

Natural gas plants (588 total megawatts)

o   Buchanan – Oakwood, Va.; 43 MW

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Dominion East Ohio to replace some pipelines in Cuyahoga Falls

By Betty Lin-Fisher Published: January 17, 2017

Dominion East Ohio will be replacing more than 15,000 feet of pipelines in Cuyahoga Falls in two projects totalling more than $3 million this winter. 

The local projects are part of Dominion East Ohio’s overall Pipeline Infrastructure Replacement (PIR) program, launched in mid-2008.  The $4 billion, 25-year project will involve the eventual replacement of more than 5,500 miles of the company’s 22,000-mile pipeline system.

The second PIR project, projected for this summer on 26th Street, near the intersection of Wyandotte Avenue, will replace 971 feet of 1938-vintage bare steel pipe with plastic line and replace 1,010 feet of 1929-vintage bare steel pipe with coated steel line. The construction schedule is still being determined.

Here is more information from Dominion:

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FirstEnergy declares dividend; two new board members

By Betty Lin-Fisher Published: January 17, 2017

FirstEnergy Corp.’s board of directors have declared a dividend and also elected two new members to its ranks.

On Tuesday, the board for the Akron-based electric utility declared an unchanged quarterly dividend of 36 cents per share of outstanding common stock.  The dividend will be payable March 1 to shareholders of record at the close of business on Feb. 7.

The board also elected two new board members to bring its total number to 16.

The new board members are Steven J. Demetriou and James F. O’Neil III.

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