INSURANCE

Aetna to expand in Ohio

Health insurer Aetna plans to add 350 jobs in central Ohio as part of an expansion in New Albany, the Columbus Dispatch reported.

The Ohio Tax Credit Authority on Monday approved state tax incentives for the project, which includes retaining 957 jobs in New Albany.

The new jobs will have an annual payroll of $14.2 million.

Also receiving approval for state tax incentives was a plan by Central Machinery to expand in Marion County.

The project will add 55 jobs.

BANKING

Cyberattackers target ATMs

The Secret Service is warning financial institutions about a type of cyberattack known as jackpotting.

Secret Service officials say the crime involves installing malicious software or hardware at ATMs that force the machines to release large quantities of cash on demand.

They say criminals have been able to find vulnerabilities in financial institutions that operate ATMs, typically stand-alone machines located in pharmacies, big-box retailers and drive-thrus.

The Secret Service says the criminals range from individual actors to international organized crime syndicates.

The Secret Service says authorities have recently obtained credible information about planned jackpotting attacks in the U.S. and have alerted law enforcement and financial institutions.

SMARTPHONES

Apple’s iPhone X stirs doubts

Apple’s stock is backtracking from its recent highs amid mounting concerns that iPhone X sales will fall short of the high hopes for a device that brought facial recognition technology and a $1,000 price tag to the company’s flagship product line.

Speculation about disappointing demand for the iPhone X have been swirling for the past week, contributing to a 6 percent decline in Apple’s stock since it hit an all-time high of $180.10 on Jan. 18. The shares lost $3.55 to close Monday at $167.96, translating into a nearly $60 billion loss in the company’s market value since the stock last peaked.

Concrete evidence of how the iPhone X is faring should emerge Thursday when Apple is scheduled to release its fiscal first-quarter earnings.

FOOD

Panera recalls cream cheese

Panera Bread Co. is voluntarily recalling some cream cheese sold in its U.S. stores because of possible bacterial contamination.

The St. Louis company released a statement Sunday saying the recall was initiated after testing from a single production day indicated the presence of Listeria monocytogenes in one variety of its 2 oz. cream cheese.

Tests on cream cheese samples manufactured before and after that production run have all come back negative.

Panera says there have been no reported illnesses. The company says the recall is pre-emptive.

The products included in the recall are all varieties of unexpired 2 oz. and 8 oz. cream cheese products with an expiration date on or before April 2.

OIL/GAS

Exxon sets course to invest

Exxon’s CEO says the oil company will invest more than $50 billion over the next five years to expand its business in the U.S.

Chairman and CEO Darren Woods said Monday that the investments are possible because of the company’s strength, helped by the recent law that cut taxes on corporations.

In a blog on the Exxon website, Woods said that Exxon plans to increase oil production in the Permian basin in Texas and New Mexico, build new manufacturing plants and expand current operations.

He said the initiatives will create “thousands” of jobs and increase energy security.

Exxon reported $11.3 billion in profit in the first nine months of 2017, already far surpassing its earnings for all of 2016 as oil prices recovered from a two-year slump.

Compiled from staff and wire reports.