Green, ComDoc in discussions
The Green City Council is considering a 50 percent economic development grant to ComDoc Inc. to help retain 65 employees as the copier and printer sales and service company says it continues to expand.
The five-year project would permit the shifting of 65 full-time employees from the company’s headquarters on Massillon Road, just south of state Route 619, to a vacant facility on Forest Lake Drive to ease crowding. Currently, there are 181 employees at the headquarters.
Passage is anticipated at the council’s Sept. 11 meeting.
The plan calls for the city to extend a 50 percent grant associated with retaining the 65 employees with an annual payment of about $3 million, meaning the company would be reimbursed $30,000 annually from income tax collections for the five-year period.
ComDoc said it has 630 workers in Ohio, New York, Pennsylvania and West Virginia.
In February 2009, ComDoc was purchased by Global Imaging Systems, a Xerox company, with ComDoc keeping its name as part of the merger agreement.
Samsung introduces products
Samsung has unveiled a voice-controlled camera as part of a fall lineup of consumer gadgets aimed at setting itself apart from rival Apple.
The South Korean electronics giant presented the 16-megapixel Galaxy Camera at the IFA tech show in Berlin, Germany.
It comes days after Samsung suffered a costly defeat in a patent dispute with Apple in the United States.
Samsung’s Galaxy Camera runs Google’s popular Android operating system, giving it features previously restricted to smartphones or tablet computers such as photo organizing, photo sharing and voice-control.
The company also announced two new phones, the Galaxy Note II and the ATIV S running Microsoft’s Windows 8 operating system.
Casino games to go online
International Game Technology, the world’s largest slot-machine maker, will offer casino-style games on the website of the Hard Rock Hotel & Casino in Las Vegas, a prelude to the advent of real gambling online.
Starting next month, visitors to the site will be able to play poker, blackjack and slot-machine games, according to Robert Melendres, executive vice president of emerging businesses for International Game. Players can purchase chips. Winnings can’t be redeemed for cash.
International Game, based in Reno, Nevada, is edging its way into real U.S. online gambling, which has been approved in its home state. In June, the company won approval to market its technology for real online poker to casinos there.
In January, the company agreed to buy Double Down Interactive, which designs casino-style social games for Facebook.com and mobile devices, for as much as $500 million, gaining technology to offer gambling online.
Since then, International Game has signed similar revenue-sharing agreements with Tucson’s Casino Del Sol and five casinos run by Golden, Colo.-based Jacobs Entertainment Inc.
International Game will also begin offering bingo for Facebook gamers next month, Melendres said. International Game stock is down about 29 percent in 2012.
Dow Jones rises 4.49 points
The Dow Jones industrial average ended Wednesday trading 4.49 points higher, or less than 0.1 percent, at 13,107.48. That was the blue-chip index’s first gain in three days.
Verizon Communications Inc. shares led gainers, rising 1 percent. Dow component and equipment maker Caterpillar Inc. erased losses that came after competitor Joy Global Inc. reduced its earnings and revenue forecast. In position for a third monthly gain, the S&P 500 index rose 1.19 point, or 0.1 percent, to 1,410.49. Among the biggest S&P 500 gainers, WellPoint Inc. shares rose 7.7 percent after the insurer said Angela Braly resigned Tuesday as its chairman and chief executive officer.
The Nasdaq composite advanced 4.05 points, or 0.1 percent, to 3,081.19. The index was up for four consecutive days, its longest winning streak since early July.
Fuel rewards at Wal-Mart
Wal-Mart Stores Inc. said it will offer holders of its proprietary credit and debit cards discounted gasoline. Holders of Wal-Mart credit cards and its MoneyCard prepaid debit cards will get a 15-cent-per-gallon discount at any of the 1,026 locations that sell gasoline in 20 states. Wal-Mart gift card holders will get a 10-cent discount. The program begins Friday until Dec. 24.
Compiled from staff and wire reports