Business

  Lakewood White House decorator fondly recalls Christmas with George H.W. and Barbara

For more than three decades, Bill Hixson has traveled from his Lakewood Floral and Christmas shop to Washington D.C. to work on the team that designs and decorates the White House for Christmas.

  ‘Fresh Brewed Coffee’ tempting palates in Cleveland’s Ohio City

6 toys that are sure to be hot items this holiday season

Break out the burgers: Swensons opening date announced in Avon

Eastlake company develops robot program to detect guns in schools

Bird leaves Cleveland amid controversy, then posts photo of Baker Mayfield on scooter

Aldi's wine and cheese Advent calendars coming to US

Continued Coverage

  Cleveland's Euclid Avenue entering a new age of prominence

Source: Dan Dee chip company closing its doors for good in Cleveland

'Hartville Potato Chips' is a new brand with a familiar taste

Homeowners fuming after property reappraisals more than double in Cuyahoga County

Unhappy with the county's tax assessment of your home? Here's what to do

Akron firefighters and medics will start wearing ballistic vests and helmets

Toyota to Announce Lexus Recall in U.S.

TORRANCE, CA (WOIO) - Lexus, a division of Toyota Motor Sales, USA, Inc., is expected to announce the recall of 138,000 Lexus vehicles this week.

Report: Verizon to Sell iPhone

(CBS NEWS) -Verizon Wireless customers who have been holding out for an iPhone on their carrier's network may finally get their wish early next year, according to Bloomberg News. The wire service reported on Tuesday that Verizon Wireless will start selling Apple's iPhone in January.

How to Avoid Hidden Fees

(CBS)  Every penny counts, so it's important to make sure that you're not being hit with hidden charges. But hidden fees can pop up everywhere, from banking fees to hotel stays to telephone calls.

United and Continental Ponder Possible Merger

(WOIO) - United and Continental could be joining forces in the sky. The two airlines are in the early stages of exchanging financial information which could lead to a merger.

Toyota Suspends Sales of Lexus 460 SUV

Ohio Unemployment Creeps Upward

On the Road: No Future Prius Recall for Floor Entrapment

New Life: General Motors Offers New Lease on Life for 600 GM Dealerships

Get Paid!: Home Depot Looking to Fill 400 Jobs

Hybrid Help: Toyota Announces Prius, Lexus Recall

Buyer Interest In Prius Grows! Say What?

NEW YORK (CNNMoney.com) -- By now, you've heard that some 2010 Toyota Priuses have a braking problem blamed for several crashes. That sounds scary, but to some it sounds like a deal. A recent analysis of online car shopping shows that more people are seriously looking at a Toyota Prius than before the problematic brake news was uncovered.

Rocky Road: Feds Probing Prius Brakes

NEW YORK (CNNMoney.com) -- The National Highway Traffic Safety Administration announced Thursday it is opening a formal investigation into problems with the braking system of Toyota's Prius hybrid.

$74 Million Deal Saves Saab

NEW YORK (CNNMoney.com) -- General Motor's Swedish Saab brand has been saved from certain death thanks to a last-minute deal with Dutch exotic car builder Spyker.

Toyota Recalls Tops 5.3 Million Vehicles

NEW YORK (CNNMoney.com) -- Toyota's recall troubles continue to grow, with the total number of vehicles affected by two recalls involving gas pedals growing to at least 5.3 million.

Apple Unveils the iPad

San Francisco, California (CNN) -- Apple CEO Steve Jobs on Wednesday unveiled the iPad, a tablet computer that he called "a truly magical and revolutionary product." "What this device does is extraordinary," Jobs said. "It's the best browsing experience you've ever had. Way better than a laptop. Way better than a smartphone."

GM Has a Permanent CEO: Ed Whitacre

NEW YORK (CNNMoney.com) -- General Motors' chairman and acting CEO Ed Whitacre will become permanent CEO, the automaker said in a press conference Monday. Whitacre also announced that GM would pay back all of its government loans, in full, by June.

FHA Announces Stricter Standards

NEW YORK (CNNMoney.com) -- It's going to be harder to get a government-backed mortgage from now on. Looking to shore up its weakening finances, the Federal Housing Administration is set to announce stricter standards on Wednesday.

Homebuyer Tax Credit Problems

NEW YORK (CNNMoney.com) -- Good news homebuyers: You can file for your $8,000 first-time buyer tax credit again. Bad news: You still can't e-file your taxes if you want the cash. And there are long delays.

White House: 2 Million Jobs from Stimulus

NEW YORK (CNNMoney.com) -- The economic stimulus program has boosted employment by 1.5 million to 2 million jobs, the president's chief economic adviser said Wednesday.

American Businesses Contribute over $24 Million to Haiti Earthquake Relief

NEW YORK (CNN) -- A large and growing number of American companies have made sizeable donations to the relief effort in Haiti after a magnitude 7.0 earthquake devastated the impoverished Caribbean nation. As of Thursday afternoon, a group of at least 12 American corporations had each pledged donations of $1 million of more to the relief effort.

Too Many Job Seekers, Not Enough Jobs

NEW YORK (CNNMoney.com) -- In another sign that the labor market is not out of the woods yet, the number of job openings fell again in November, according to a government report released Tuesday.

Job Growth Returns -- Then Fades

NEW YORK (CNNMoney.com) -- Employers once again slashed a substantial number jobs off their payrolls in December, according to a disappointing report from the government Friday. But there was a small glimmer of hope as well. The payroll number for November was revised to a net gain of 4,000 jobs. That's the first increase in jobs in nearly two years. The government had previously indicated that 11,000 jobs were lost in November.

8 Hot Tech Trends at CES

(CNN) -- The Consumer Electronics Show kicks off this week.

Claim: HP Webcams Can't See African-Americans

(CNN) -- Can Hewlett-Packard's motion-tracking webcams see African-Americans? It's a question posed on a now-viral YouTube video and the company says it's looking into it. In the video, two co-workers take turns in front of the camera -- the webcam appears to follow the white employee as she sways in front of the screen and stays still as the African-American man moves about.

Pepsi Takes a Pass on Super Bowl Ads

NEW YORK (CNNMoney.com) -- Pepsi will not advertise in next year's Super Bowl, the company confirmed Thursday, deciding to sit out the big game for the first time in 23 years.

House Votes To Extend Jobless Benefits Deadline Two Months

NEW YORK (CNNMoney.com) -- The House Wednesday overwhelmingly approved extending the filing deadline for unemployment benefits and the COBRA health coverage subsidy through the end of February.

GM to Repay Bailout Loan Early

NEW YORK (CNNMoney.com) -- General Motors will pay off a $6.7 billion federal loan by June, well ahead of the deadline for the repayment under terms of the bailout, company CEO Ed Whitacre said Tuesday. Whitacre had said a week ago that GM was looking at making an early payment.

Citigroup Strikes Deal to Repay TARP

NEW YORK (CNNMoney.com) -- Citigroup said Monday it has struck a deal with the government to return $20 billion in bailout money to taxpayers. The New York City-based lender said it would raise the money through a combination of stock and debt, the bulk of which would come from a $17 billion common stock offering.

Spending: Retail Sales Leap 1.3% In November

NEW YORK (CNNMoney.com) -- Retail sales jumped 1.3% in November, according to the Commerce Department, well more than the expected increase. Economists had expected retail sales to rise 0.6% from October, according to a consensus of forecasts compiled by Briefing.com.

Retail Sales Leap 1.3% in November

NEW YORK (CNNMoney.com) -- Retail sales jumped 1.3% in November, according to the Commerce Department, well more than the expected increase. Economists had expected retail sales to rise 0.6% in the month of November, according to a consensus of forecasts compiled by Briefing.com.

Home Values Plummet $500 Billion

NEW YORK (CNNMoney.com) -- American homeowners will have lost nearly $500 billion in home value by year's end. Still, that's a big improvement over 2008, when values fell by $3.6 trillion, according to a report released Wednesday by real estate Web site Zillow, which provides online appraisals for tens of millions of properties nationwide.

eBay Apologizes For Website Glitch

(CNN) -- Online auction giant eBay apologized Sunday for a daylong glitch that inactivated the search function on its Web site, and said it will compensate sellers for their losses. When shoppers searched for an item Saturday, the site returned limited or no results.

Ohio Unemployment Rate Spikes In October

(WOIO) - Ohio's unemployment rate was 10.5% in October, up from 10.1% in September, according to data released this morning by the Ohio Department of Job and Family Services. Ohio's nonfarm wage and salary employment increased 1,400 over the month, from 5,097,000 in September to 5,098,400 in October.

6 Economic Warning Signs

(CNNMoney.com) -- Most economists agree the U.S. economy is in recovery. The question is whether it will stay that way. The economy grew at a 3.5 percent annual rate in the third quarter. But even with that shot in the arm, there are plenty of worries about whether the economy could topple into another period of decline, or "double dip" recession, early next year.

Unemployment Claims Slide

NEW YORK (CNNMoney.com) -- The number of Americans filing for initial unemployment insurance fell last week, the government said Thursday, with a total figure that was below analysts' expectations. There were 512,000 initial job claims filed in the week ended Oct. 31, down 20,000 from a revised 532,000 the previous week, the Labor Department said in a weekly report.

Johnson & Johnson Cuts Jobs By 7%

NEW YORK (CNNMoney.com) -- Johnson & Johnson said Tuesday that it will cut up to 7% of its global workforce as part of an ongoing cost-cutting plan that the company says will save between $1.4 and $1.7 billion by 2011. The New Brunswick, N.J.-based consumer health product maker has about 117,000 employees spread across more than 250 companies.

Ford Reports Nearly $1 Billion Profit

NEW YORK (CNNMoney.com) -- Ford Motor reported a surprise profit for the third quarter Monday, helped by a bump in sales from the Cash for Clunkers program and problems at its U.S. rivals. The only major U.S. automaker not to file for bankruptcy this year earned earned $997 million, or 29 cents a share, compared to a loss of $161 million, or 7 cents a share on that basis a year earlier.

Dept. of Education's $650 Million Stimulus

WASHINGTON (CNN) -- The U.S. Department of Education is looking to give innovative school districts and non-profit organizations a share of $650 million in education stimulus money now available in a new fund, Secretary of Education Arne Duncan said Tuesday.

Unemployment Rate Highest Since 1983

WASHINGTON (CNN) -- The nation's unemployment rate rose to 9.8 percent in September, up from 9.7 percent in August, the Labor Department said Friday. The September unemployment rate is the highest in the United States since July 1983, when the unemployment rate was 10.1 percent.

Jobless Rate Below 10%

NEW YORK (CNNMoney.com) -- The number of U.S. metropolitan areas with jobless rates above 10% decreased in August, according to government figures released Wednesday. The Labor Department said 129 metropolitan areas suffered unemployment rates of at least 10% last month. That was down from 139 metro areas in July.

Bank Reforms Overdraft Fees Amid Uproar

NEW YORK (CNNMoney.com) -- Bank of America says it will reduce overdraft fees and overhaul checking account options, amid a burgeoning backlash over banks' policies on overspending. Overdraft fees reap banks billions of dollars per year -- and as financial system reform remains in national focus, consumers and lawmakers alike have called for banks to revamp their penalties.

The Wealthiest States

NEW YORK (CNNMoney.com) -- Maryland is the nation's top-earning state for the third year in a row, with a median household income of $70,545, according to a U.S. Census Bureau report released Monday. The states with highest median incomes are concentrated in the far West and in the Northeast, around the District of Columbia.

Cha-Ching!: 1.4 Million Americans Score $8,000 Tax Credit

NEW YORK (CNNMoney.com) -- More than 1.4 million Americans have already claimed the new tax credit for first-time home buyers, according to a report from the Internal Revenue Service. The credit, which applies to sales as of January 2009, is good for 10% of the price of a home, up to $8,000, and supporters assert it has helped stabilize the housing market.

Eli Lilly and Co. to Cut 5,500 Jobs

NEW YORK (CNNMoney.com) -- Eli Lilly and Co. will cut 5,500 jobs as part of a restructuring plan to save $1 billion, the drugmaker said Monday. The job cuts will be complete by 2011, according to a press release. Eli Lilly currently employs 40,500 people.

Consumers Can't Save Economy

NEW YORK (CNNMoney.com) -- Don't look to consumers to spend their way to an economic recovery. Just how stressed American consumers -- and their lenders -- feel was evident in the latest consumer credit report issued Tuesday by the Federal Reserve.

Cadbury Rejects Kraft's $17 Billion Merger Offer

LONDON, England (CNN) -- British candy maker Cadbury has rejected a 10.2 billion pound ($16.7 billion) offer from U.S. food giant Kraft to merge the companies, according to a statement released Monday.

Right Track: Jobless Rate Down for First Time In a Year

NEW YORK (CNNMoney.com) -- The long-battered U.S. job market showed some signs of improvement in July as employers cut far fewer jobs from payrolls and the unemployment rate fell for the first time in more than a year, according to a government report Friday.

Small Bang: Car Crash at 6MPH Could Cost As Much As $3,000 To Fix

(CNN) -- Drivers of new midsize cars will take a big financial hit if they get into traffic accidents even at speeds as low as 3 mph, a new study found. A crash test study of midsize cars showed that even at low speeds of up to 6 mph the cheapest someone would have to pay to get their car fixed is about $871.

Motoring: Ford Results Easily Top Forecasts

NEW YORK (CNNMoney.com) -- Ford Motor Co. reported a net profit in the second quarter thanks to efforts to reduce its debt. But the company posted another operating loss during the second quarter due to a continued slump in sales. Still, that loss was much smaller than a year ago and Wall Street's forecasts.

Jobless Claims Bounce Up

NEW YORK (CNNMoney.com) -- The number of Americans filing for initial unemployment insurance rose last week, according to government data released Thursday.

Summertime Does Nothing To Curb Ohio's Unemployment Rate

OHIO (WOIO) - Ohio's unemployment rate was 11.1% in June, up from 10.8% in May, according to data released this morning by the Ohio Department of Job and Family Services. Ohio's nonfarm wage and salary employment decreased 33,000 over the month, from 5,133,200 in May to 5,100,200 in June.

Report: Pending Home Sales Up For 4th Straight Month

NEW YORK - Home sales continued their modest upward swing in May, according to a closely watched industry report that rose for the fourth straight month for the first time in nearly 5 years. The Pending Home Sales Index, reported Wednesday by the National Association of Realtors, rose 0.1% during the month.

Coming Soon: A Tiny Aston Martin for James Bond Types

NEW YORK (CNNMoney.com) -- Toyota has teamed up with British ultra-luxury carmaker Aston Martin to sell a version of the iQ city car, a car that is more than two feet shorter than a Mini Cooper. The nearly finished Toyotas will be shipped to Aston Martin's assembly plant in Gaydon, England.

45 Failed Banks This Year

NEW YORK (CNNMoney.com) - Local banks in Georgia, Minnesota and California were closed Friday by state regulators, bringing the total number of failed banks this year to 45, according to the Federal Deposit Insurance Corporation. The financial crisis has taken a heavy toll on small banks across the nation as losses in the housing market mount and unemployment dents household wealth.

Ohio's Unemployment Continues To Creep Upwards

OHIO (WOIO) - Ohio's unemployment rate was 10.8% in May, up from 10.2% in April, according to data released this morning by the Ohio Department of Job and Family Services. Ohio's nonfarm wage and salary employment decreased 200 over the month, from 5,132,900 in April to 5,132,700 in May.

Layoffs Planned At Macedonia's Graco Plant

MACEDONIA, OH (WOIO) - Over a hundred people will be handed walking papers from a Macedonia plant late this summer. 135 people will be laid off from the Graco Plant starting in August and ending in December. Currently, 310 people work at the Summit County plant.

Fresh Start: Chrysler and Fiat Announce Deal

NEW YORK (CNNMoney.com) - Chrysler and Italian automaker Fiat on Wednesday officially signed a strategic alliance brokered by the U.S. government, one day after the Supreme Court cleared the path for the deal. Fiat will initially take a 20% stake in the company; its share can go up to 35% if it reaches certain fuel-efficiency goals.

Stalled Out: High Court Delays Sale Of Chrysler Assets To Fiat Group

WASHINGTON (CNN) -- The Supreme Court has delayed the imminent sale of most of Chrysler's assets to a group led by Italian automaker Fiat. The justices issued a brief order Monday, just before a temporary stay issued by a lower court was to expire.

Saturn

NEW YORK (CNN) -- GM has agreed to sell Saturn unit to car dealership operator Penske Automotive Group, according to a person familiar with the situation.

Sold!: GM Sells Hummer to Unknown Buyer

NEW YORK (CNNMoney.com) - General Motors Corp. said Tuesday that it has signed a deal to sell its Hummer truck unit, just one day after filing for bankruptcy. But GM (GM) would not identify the buyer nor name a price, saying only that the deal would close by the end of September.

Job Losses Slow Dramatically

NEW YORK (CNNMoney.com) - Job losses slowed dramatically in May, according to the latest government reading on the battered labor market, even as the unemployment rate rose to a 26-year high. Employers cut 345,000 jobs from their payrolls in the month, down from the revised decline of 504,000 jobs in April.

Bankruptcy Judge Clears Sale of Chrysler's Assets

NEW YORK (CNNMoney.com) -- A bankruptcy judge late Sunday approved the sale of most of Chrysler's assets to a group led by Italian automaker Fiat.

General Motors Is On The Brink of Bankruptcy

NEW YORK (CNNMoney.com) - General Motors, the nation's largest automaker and for decades an icon of American manufacturing, stood Sunday on the brink of bankruptcy and an effective government takeover.

General Motors Stands Poised To Enter Into Bankruptcy

(WOIO) - The clock continues to wind down for struggling automaker General Motors. The company now stands poised to enter into bankruptcy.

Chrysler Workers, Families Rally To Keep the Twinsburg Plant Open

TWINSBURG, OH (WOIO) - Chrysler workers and their families held a rally outside the Twinsburg Stamping plant under the slogan "Keep the Plant Open" on Friday morning. The Twinsburg facility one of many plants slated for shut down.

Ohio, U.S. Employment Up In Month of April

(WOIO) - Ohio's unemployment rate was 10.2 percent in April, up from 9.7 percent in March, according to data released this morning by the Ohio Department of Job and Family Services. Ohio's nonfarm wage and salary employment decreased 25,200 over the month, from 5,158,700 in March to 5,133,500 in April.

GM Drops Ax: Hundreds Of General Motors Dealerships Slashed By Struggling Automaker

UPDATE: (WOIO) - First Chrysler - now it's General Motors turn. Dealership D-Day for GM as hundreds of auto showrooms get notice that they'll be shut down.

Dealers Done: Chrysler To Close Nearly 800 Dealerships - View List of Those Affected

Chrysler LLC is seeking to reject 789 automotive dealership agreements, including seven contracts with AutoNation Inc., according to court papers filed in U.S. Bankruptcy Court in Manhattan. The bankrupt company wants to reject its contracts with less than a quarter of its approximate 3,188 retail outlets, according to today's filing with U.S. Bankruptcy Judge Arthur Gonzalez seeking approval of the move.