ENTERTAINMENT

Arenas rank for concerts rises

Quicken Loans Arena in Cleveland is climbing the charts in Pollstar magazines list of Top 200 arena venues worldwide for concert ticket sales.

In the trade publications annual year-end business analysis report for 2015, Quicken Loans Arena often referred to as The Q ranked No. 13 in the United States and No. 33 worldwide in ticket sales for top concert touring attractions, a news release stated.

Over the past year, Quicken Loans Arenas Pollstar rankings for arena concert ticket sales in the United States rose to its current No. 13 standing. from No. 24 In the same category among top arena venues around the globe, The Qs ranking moved up to its current standing at No. 33 from No. 53.

The Pollstar report, which covers the global concert business, does not include ticket sales from Quicken Loans Arenas sporting events.

AVIATION

GE eliminating Ohio jobs

GE Aviation is cutting 238 engineering jobs in southwestern Ohio and 69 at other U.S. sites as it trims more than 7 percent of its engineering workforce.

A spokesman for the General Electric Co. unit based in the Cincinnati suburb of Evendale said Thursday that the cuts are not due to any decline in business.

No jobs will be affected in the Dayton-area, but sites in West Chester Township will be affected by reductions, said spokesman Rick Kennedy.

Kennedy said the cuts are necessary as the companys new jet engines move from development and testing to production. He said the company is unable to maintain its current level of more than 4,300 engineers in the United States.

AUTOS

Last Defender rolls off line

The last Land Rover Defender, the famed 4x4 off-road vehicle that has been made for almost seven decades, has rolled off the production line in Britain. More than two million of the boxy vehicles have been produced at the plant over the past 68 years, and fans range from farmers to Queen Elizabeth II, who has been photographed driving them over the decades.

Dozens of workers at the Jaguar Land Rover plant near Birmingham in central England cheered Friday as the last one was presented with its lights flashing and horn blaring.

Jaguar Land Rover did not say why the model is being discontinued.

TECHNOLOGY

Xerox splitting into two units

Xerox is separating into two independent publicly traded companies. The planned breakup follows pressure from activist investor Carl Icahn.

Xerox announced in October that it planned to conduct a review of its operations in the hopes of boosting shareholder value.

The separation calls for a document technology company and a business process outsourcing company. The document technology company will handle document management and document outsourcing, while the business process outsourcing business will help companies with automating and simplifying business processes.

EQUIPMENT

Caterpillar closing five plants

Caterpillar says it plans to close five plants, causing a net reduction of about 670 jobs as part of a broader cost-cutting campaign announced last year.

The mining and construction equipment company will cut about 230 jobs at a major manufacturing campus in East Peoria, Ill. Another 120 employees there will be placed on indefinite layoff.

Caterpillar is also closing factories and cutting about 250 jobs in Thomasville, Ga., and Santa Fe, N.M. although the company said it will consolidate some operations and add about 160 jobs at an existing plant in Pontiac, Illinois.

The company will close a forest products facility in Prentice, Wis., resulting in about 220 job cuts. Other moves will affect plants in Indiana, Mississippi, Texas and China.

Compile from staff and wire reports.