Local home sales increase
Sales of homes locally and statewide rose in January.
Home sales increased 13.4 percent from January a year ago in Summit County.
Across the state, sales adjusted for seasonal fluctuations were 143,941 for January, according to the Ohio Association of Realtors. Thatís a 16.8 percent increase from the 123,275 level during the month a year ago.
Locally, 399 homes sold last month in Summit County, up 13.4 percent from the 352 sold in January 2015, according to the Akron Cleveland Association of Realtors.
Unlike the state data, Summit County figures are not adjusted for seasonal variations.
Myers Industries income rises
Myers Industries Inc., the Akron plastics and rubber manufacturer, reported net income of $180,000, or 1 cent per share, on revenue of $139 million for the fourth quarter ending Dec. 31.
That compares to a loss of $12.4 million, or 39 cents a share, on revenue of $158.3 million a year ago.
The company said adjusted income per share from continuing operations was 6 cents, compared to 8 cents for the fourth quarter of 2014.
Republic files for Chapter 11
Republic Airways Holdings Inc. is filing for Chapter 11 bankruptcy protection, as it struggles with a plunge in profits and a pilot shortage.
The Indianapolis-based carrier, whose routes include Cleveland, Columbus, Cincinnati and Dayton, said Thursday the move allows it continue normal flight schedules while it restructures its finances and contracts.
It says it will retain its collective bargaining agreements with its unions.
Antero profits rise in 2015
Colorado-based Antero Resources Corp. made a profit of $941 million on revenues of nearly $4 billion in 2015, the company said Thursday.
That is an increase from the profit of $674 million made in 2014 by the company, one of the biggest players in Ohioís Utica Shale.
The company reported a fourth quarter 2015 profit of $158 million on revenues of $905 million or 57 cents per share.
That compares to $607 million or $2.32 per share in 2014.
Halliburton slashes 5,000 jobs
Halliburton Co., which provides well-drilling services for oil companies, is cutting 5,000 more jobs as the industry continues to struggle with slumping oil prices.
A company spokeswoman said Thursday the cuts will amount to about 8 percent of the Houston-based companyís global workforce.
Kohlís to close 18 U.S. stores
Kohlís Corp. will close 18 stores this year as the Milwaukee-area company seeks to cut costs, the company announced Thursday.
The as-yet-undisclosed stores to be shuttered represent a small slice of Kohlís nationwide portfolio. Kohlís has 54 locations in Ohio.
Compiled from staff and wire reports.