RubberDucks to have job fair
The Akron RubberDucks will hold a job fair for concessions cashiers and other jobs from 5:30 to 7:30 p.m. Monday at Canal Park.
The minor-league baseball team asks candidates to bring a resume to offices at 300 S. Main St., Akron. More than 40 jobs are available through the season.
U.S. mortgage rates dip
Mortgage buyer Freddie Mac said Thursday that the average rate for the 30-year loan fell to 4.27 percent from 4.34 percent last week. The average for the 15-year mortgage eased to 3.33 percent from 3.38 percent.
KeyCorp posts solid quarter
Cleveland-based KeyCorp reported earning $236 million, or 26 cents per share, on slightly more than $1 billion on revenue for its first quarter ending March 31.
Net income was up from $196 million a year ago. Revenue was down from $1.014 billion a year ago.
Income drops at Fifth Third
Fifth Third Bancorp reported its first-quarter net income fell 25 percent, mostly on increased legal costs and a decline in its investment in its former Vantiv payment-processing subsidiary. The Cincinnati company says net income fell to $309 million, or 36 cents per share, for the three months ended March 31. That is down from earnings of $413 million, or 46 cents per share, a year ago. Analysts surveyed by FactSet expected 42 cents per share, on average.
Profits fall at General Electric
General Electric earned $3 billion on revenue of $34.18 billion in the year’s first three months, down from $3.5 billion on revenue of $34.94 billion during the same period last year. On a per-share basis, GE earned 30 cents. Adjusted to reflect continuing operations and to remove the effect of one-time charges, GE earned 33 cents per share.
General Electric said its new focus on oil and gas equipment helped its finances.
GE posted lower overall first-quarter net income than a year ago, but that’s only because of the sale of NBC Universal.
Target to expand deliveries
Target is taking aim at rival Amazon by expanding a service that regularly delivers products to shoppers’ homes. The nation’s second-largest discounter started its subscription service in September by offering 150 baby products for delivery.
Target is expanding that program by adding nearly 1,600 items, from beauty products to pet supplies. The discounter also is offering a 5 percent discount on items ordered through the program.
The service — and shipping — are free. There is no minimum on orders: Shoppers can order one tube of toothpaste shipped each month if they want.
Target is playing catch-up in the subscription business, which allows shoppers to arrange for regular delivery of products. The subscription business has exploded in recent years as companies test shoppers’ appetites to have everything from socks to razors delivered on a regular basis. For some services, the exact products remain a mystery until they’re shipped, while others focus on items shoppers use regularly.
Amazon.com has been a big force through its Subscribe & Save service, which offers a 15 percent discount on an array of necessities that are scheduled for delivery. It also offers free, two-day shipping on many goods through its Prime memberships, which cost $99 a year.
Compiled from staff and wire reports