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Wells Fargo promotes Cleveland market vet Don Hayes to business banking...
Jeremy Nobile - Wells Fargo has named Don Hayes, regional vice president of the bank's middle market banking segment in Ohio who opened the company's flagship state office in Cleveland 13 years ago,...
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Home is where the heart is
Scott Suttell - There's no place like home. That's the theme of this piece on VentureBeat.com written by Cleveland native Robert Hatta, a partner at Columbus-based VC firm Drive Capital. The headline:...
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Lurid case in California puts drug screening to the test
Scott Suttell - Dr. Paul Terpeluk, medical director of employee health at the Cleveland Clinic, is quoted extensively in this StatNews.com story about a high-profile case in California that some...
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415 Group recalculates to help recruitment
JUDY STRINGER clbfreelancer@crain.com - Fortunate. That is one adjective Rich Craig uses to describe 415 Group. Sure, he is quick to point to the Canton accounting firm's deep talent base, broad...
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Investors starting to shower their love on Cleveland
Jeremy Nobile - Veteran investor and global business authority Frederick Shepperd left Ohio in 2007 to establish a family office for high-net-worth people from a base in Zurich, Switzerland. Capital...
View ArticleRiverside Co. buys Kentucky company for its Sunrise Windows platform
CRAIN'S CLEVELAND BUSINESS - Private equity firm The Riverside Co. said it has acquired a Louisville, Ky., company to add to its Sunrise Windows platform. Terms of the purchase of Paragon Windows &...
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KeyBank Foundation makes four-year, $24 million grant to JumpStart to boost...
Scott Suttell - The KeyBank Foundation and JumpStart Inc. are teaming up to give a big boost to small businesses. The foundation on Monday morning announced it's making a four-year, $24 million grant...
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Shale drillers show few signs of slowing as profits expand
BLOOMBERG - The shale surge that’s tied down global oil prices showed no signs of abating, as four of the biggest U.S. drillers said they’re not backing away from lofty production targets for 2017. In...
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Regulators clear way for the nearly $200 million acquisition of Gas Natural Inc.
Scott Suttell - Gas Natural Inc. (NYSE American: EGAS) announced it has received the final regulatory approvals required to complete its nearly $200 million acquisition by an international energy...
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Cleveland Fed's Loretta Mester expects inflation to rebound from one-time...
BLOOMBERG - Federal Reserve Bank of Cleveland president Loretta Mester is keeping the faith that weak inflation will bounce back, even as she lowers her estimate for where unemployment begins to...
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Decline in jobless claims shows U.S. labor demand remains robust
BLOOMBERG - The decline in filings for U.S. unemployment benefits last week underscores steady demand for workers in a tightening job market, Labor Department figures showed on Thursday, Aug. 3....
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CBIZ has $140 million in credit available for buying companies as it targets...
Jeremy Nobile - CBIZ Inc. (NYSE: CBZ) intends to continue its acquisition streak as it gets closer to the $1 billion in revenues Jerry Grisko has made a goal to hit since taking over as president and...
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Federal Reserve chair Janet Yellen will deliver keynote address at economics...
Scott Suttell - Janet Yellen, chair of the Federal Reserve Board of Governors, will deliver the keynote luncheon address at the 2017 National Association for Business Economics annual meeting taking...
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Payroll gain of 209,000, wage rise show U.S. labor strength
BLOOMBERG - The U.S. labor market hit its stride in July, as employers added workers at a solid clip, the jobless rate of 4.3% matched a 16-year low and monthly wage growth picked up, government data...
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White House economic adviser says tax writers have to get corporate rate...
BLOOMBERG - White House economic adviser Gary Cohn suggested that the U.S. must cut its corporate tax rate by at least one-third to compete with other developed countries. Cohn’s comments during a...
View ArticleCrain's editorial: Pay attention
CRAIN'S CLEVELAND BUSINESS - Something that happens once is chance, a traditional sentiment in newsrooms holds, while twice is coincidence and three times is a trend. (And a story!) But something that...
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Ohio's 'middle' is quite robust
Elizabeth McIntyre - If you're looking to get to the top of the economy, aim for the middle. Despite making up less than 1% of all U.S. businesses, the mighty middle now contributes $9.3 trillion to...
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Staffing firms rank high on 100 Largest Employers list
Chuck Soder - The Cleveland Clinic is the largest employer in Northeast Ohio — but can you guess who's No. 2? No, you're not allowed to look at our 100 Largest Northeast Ohio Employers list. Guess....
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Cincinnati investment giant acquires NEO's Magis Wealth
Jeremy Nobile - Ohio's largest fee-only registered investment adviser (RIA) has claimed a physical foothold in the Cleveland market as it furthers a growth trajectory across the state....
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Employees have high hopes, are firm's greatest assets
DAVID PRIZINSKY - Finding the best employees and keeping them loyal and productive remains the top challenge facing the area's human resources managers, according to the annual survey done by the...
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Neuros Medical raises $20 million to fund clinical trial
Chuck Soder - Neuros Medical has raised $20 million that should allow the nerve stimulation company to finish a clinical trial involving 130 patients who suffer from post-amputation pain. The deal was...
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U.S. job openings surge to record in sign of robust labor demand
BLOOMBERG - A June surge in U.S. job openings to a record indicates demand for workers remained strong at the end of the second quarter, a Labor Department report showed on Tuesday, Aug. 8. The number...
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Dead malls offer fulfilling opportunities for the logistics business
Scott Suttell - Amazon.com Inc.'s consideration of the site of the former Randall Park Mall as a fulfillment center serves as a prime example in this Wall Street Journal story about new uses for dead...
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Americans are dying younger, saving corporations billions
BLOOMBERG - Steady improvements in American life expectancy have stalled, and more Americans are dying at younger ages. But for companies straining under the burden of their pension obligations, the...
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Opponents of Nexus Pipeline say they've been handed two setbacks by state and...
Dan Shingler - While much of eastern Ohio is being fracked, landowners in Medina have another term to describe what's happening to them because of shale gas drilling. "We were FERC'd," landowner Paul...
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SunTrust Bank expands commercial business with new offices in Cleveland,...
Jeremy Nobile - SunTrust Banks Inc., the parent company of SunTrust Bank, is the latest big bank hankering for a piece of Cleveland's commercial business. The Atlanta-based bank, with $207 billion in...
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America's other coal job, ignored by politicians, is dying fast
BLOOMBERG - A couple months ago, Donald Trump was cheering a new coal mine in Pennsylvania that will put 70 people to work -- good news for a president whose pledge to revive the industry helped get...
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Study: Cleveland is the 10th best market for legal professionals based on job...
Jeremy Nobile - Cleveland ranks 10th in the country among the best markets for legal jobs based on factors like cost of rent, median salaries and job density, according to a new report by ABODO, a...
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Cleveland experiments with the power of positive thinking
Scott Suttell - "Cleveland, like many Rust Belt cities, has both an image and a self-image problem." That's how Aaron Renn, a senior fellow at the Manhattan Institute for Policy Research who blogs at...
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Strong commercial lending means opportunity for banks
Jeremy Nobile - Commercial lending remains relatively strong, and it has bankers looking for more opportunities in the Northeast Ohio market. While the commercial lending business nationwide has...
View ArticleFormer Linsalata trio sees 'opportunity' in own firm
Jeremy Nobile - With activity surging in the private equity sector, some veterans from Cleveland's Linsalata Capital Partners see fertile ground to launch a new firm of their own. But what's different...
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'Smaller' gifts can go long way for Clinic's crowdfunding platform
Lydia Coutré - For an institution accustomed to securing multimillion-dollar donations, Cleveland Clinic's latest fundraising effort has some relatively small targets: projects up to $10,000. But each...
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MPE Partners bolsters B&E Group platform with Safe Fuel Systems acquisition
Jeremy Nobile - MPE Partners has announced the acquisition and recapitalization of Safe Fuel Systems Inc. of Hialeah, Fla., which has been merged into the maintenance, repair and overhaul division of...
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Robots are taking over, and so far, they're clustering in the Midwest
Scott Suttell - Ohio and other states in the industrial Midwest are at the heart of the robot revolution, and it has potentially big ramifications for business and politics, according to this...
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KeyBanc Capital Markets acquires New York's Cain Brothers & Co. to bolster...
Jeremy Nobile - KeyCorp's corporate investment banking unit, KeyBanc Capital Markets Inc., on Tuesday afternoon, Aug. 15, announced a definitive agreement to acquire boutique New York investment bank...
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Cleveland State receives $750,000 gift from PNC Financial Services
CRAIN'S CLEVELAND BUSINESS - PNC Financial Services Group announced it has made a $750,000 gift to Cleveland State University to bolster efforts designed to improve retention and graduation rates. The...
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Report: Cleveland area's economy is growing, but at a slower pace than the...
Scott Suttell - The Cleveland metro area continues to experience economic growth that is slower than that of Ohio and the country, according to a report from the Federal Reserve Bank of Cleveland....
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Calling all flipsters: How to keep your flip from becoming a flop
TARA J. ROSE - Many young professionals are becoming real estate investors by devoting their time and money into flipping properties, hoping to sell them to other young professionals. The Los Angeles...
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Ohio's unemployment rate rose to 5.2% in July
Scott Suttell - Ohio's unemployment rate rose to 5.2% last month from 5% in June, according to data released Friday morning, Aug. 18, by the state's Department of Job and Family Services. Total...
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Hospice of the Western Reserve gives Wayne Grant dual role
Chuck Soder - Hospice of the Western Reserve has given its clinical pharmacist a new dual role. Wayne Grant will now serve as both director of pharmacy services and director of the Hospice Institute —...
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New financial firm can 'cross hurdles' in Northeast Ohio
Jeremy Nobile - When two smaller, yet established, Cleveland financial managers met to talk business, neither really expected to join forces on a new firm. But that was before a new opportunity...
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Akron's new revitalization loan fund is up and running
Dan Shingler - Akron has a new loan fund in place to help finance projects in urban areas and especially in challenged neighborhoods, where developments likely could not qualify for a bank loan or...
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NACCO Industries to spin off Hamilton Beach small appliances unit
Scott Suttell - NACCO Industries Inc. (NYSE: NC), a holding company with subsidiaries in the mining, small appliance and specialty retail industries, announced on Monday morning, Aug. 21, that it...
View ArticleNew York private equity firm invests in Cleveland-based AML RightSource
Scott Suttell - New York private equity firm Clarion Capital Partners LLC on Monday, Aug. 21, announced it has made an investment in AML RightSource, a Cleveland company that provides clients with...
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The eclipse brought excitement, and possibly some savings on energy bills
Dan Shingler - Even though it was just a partial eclipse, the recent solar event caused plenty of excitement in Northeast Ohio. While almost no one noticed, it saved area residents and businesses a...
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Big U.S. banks could see profits jump 20% with Trump deregulation
BLOOMBERG - The deregulation winds blowing through Washington could add $27 billion of gross profit at the six largest U.S. banks, lifting their annual pretax income by about 20%. JPMorgan Chase &...
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U.S. lays groundwork with grid report for rescuing coal plants
BLOOMBERG - The U.S. Department of Energy, in a long-anticipated report on the security of the U.S. electric grid, makes the case for rescuing the nation's coal industry from widespread plant...
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Coal miner Murray Energy Corp.'s bonds drop after Trump White House snub
BLOOMBERG - Bonds of St. Clairsville, Ohio-based Murray Energy Corp., the biggest privately owned U.S. coal producer, fell the most in 15 months after the White House denied the company's request to...
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Source Lunch with ... Fred Cummings
Jeremy Nobile - Fred Cummings founded Elizabeth Park Capital Management in Pepper Pike in 2008. Over the years of running a supremely successful, bank-focused hedge fund — which happens to feature...
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Cleveland Fed's Loretta Mester wants to keep up the 'gradual' pace on rate...
BLOOMBERG - Federal Reserve Bank of Cleveland President Loretta Mester urged her colleagues to look past recent weak inflation data and to stick to their gradual pace of lifting interest rates, with...
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