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Business News

Fed minutes: Lower inflation needed for officials to support rate cuts

WASHINGTON (AP) — Many Federal Reserve officials want to see inflation fall further before they would support additional interest rate cuts this year, particularly if the job market continues to stabilize, minutes of last month’s meeting show. The “vast majority” of the 19 ...

Vallourec to work with green tech company

Vallourec, a multinational steel manufacturer with its main U.S. plant in Youngstown and Girard, announced Tuesday the signing of a memorandum of understanding with Baker Hughes, an energy technology company. With headquarters in Houston and London, Baker Hughes focuses on advancing hydrogen ...

Bayer agrees to $7.25B settlement over Roundup cancer lawsuits

JEFFERSON CITY, Mo. (AP) — Agrochemical maker Bayer and attorneys for cancer patients announced a proposed $7.25 billion settlement Tuesday to resolve thousands of U.S. lawsuits alleging the company failed to warn people that its popular weedkiller Roundup could cause cancer. The proposed ...

7 17 to merge with Geauga Credit Union

Staff report 7 17 Credit Union will welcome 6,500 new members in the spring when it merges with Geauga Credit Union. In a news release issued Thursday, the Warren-based financial institution said it has received regulatory approval from the Ohio Division of Financial Institutions. It ...

Key gauge of inflation drops to five-year low

WASHINGTON (AP) — A key measure of inflation fell to nearly a five-year low last month as apartment rental price growth slowed and gas prices fell, offering some relief to Americans grappling with the sharp cost increases of the past five years. Inflation dropped to 2.4% in January compared ...