Business & Economy

The Limited headquarters in New Albany, Ohio.
Google Maps

The Limited retail chain began laying off some of its 248 employees at New Albany headquarters on December 2. Company officials have not announced what will happen to its 250 retail stores.

Unemployment dropped by 0.3 percentage points, to 4.6 percent, last month — the lowest rate since 2007 — according to the monthly jobs report from the Bureau of Labor Statistics.

On Donald Trump's visit to Carrier in Indiana on Thursday, he mentioned a phone call that he made to the CEO of United Technologies, the air conditioning company's parent. As Trump describes it, that call led to Carrier announcing it will not move as many jobs to Mexico as it had planned.

"We can't allow this to happen anymore with our country. So many jobs are leaving and going to other countries, not just Mexico," Trump said.

In a series of tweets Wednesday morning, President-elect Donald Trump tried to tamp down growing concerns that he will not separate his vast global business interests from his role as head of the U.S. government.

Trump is promising to hold a "major news conference" in two weeks to talk about how he's turning his empire over to his children.

WOSU

Agencies that acquire real estate on behalf of the city of Columbus and surrounding Franklin County plan to spend nearly $21 million to demolish more than 1,100 blighted homes before 2020.

The Ohio Council of Retail Merchants and UC's Economic Center are out with the latest state-wide holiday retail spending report and it's not as rosy as last year. Data suggests a 1.54 percent increase in spending in November and December.

File photo

State labor officials say Ohio's official unemployment increased again last month.

Ohio Supreme Court
Flickr / Creative Commons

The state's highest court has ruled that online retailers who do business in Ohio must pay the Commercial Activity Tax, even if the businesses have no physical offices in Ohio. The decision will affect about $1.7 billion in revenue each year.

When Amelie Ning Kang opened her restaurant MáLà Project in New York's East Village at the tail-end of 2015, she had only a few rules: She refused to have dragons decking its walls, and there would be no dumbing down of her eatery's signature dish, the Sichuan specialty mala xiangguo, a stir fry heavy on the numbing spice that gives Sichuanese food its bite.

Esther Honig / WOSU

Walking around after the election in Circleville, Ohio, it's apparent there's a strong cultural disconnect between the large cities and the rest of the state. 

Here, many people say they don’t recognize the country they read about in the news.

Updated 10:28 a.m. ET

On Tuesday night, as the presidential election's outcome headed toward an unexpected Trump victory, stock futures plunged. Investors had bet heavily Monday on Democrat Hillary Clinton. As Republican Donald Trump picked up many more votes than polls had predicted, markets reacted violently to the change in expectations.

The U.S. added 161,000 new jobs in October, with workers seeing strong growth in wages, according to the monthly jobs report from the Bureau of Labor Statistics.

Hourly earnings rose 10 cents over last month, a higher increase than anticipated. In total, wages — now averaging $25.92 an hour — are up 2.8 percent year over year.

NISRE, Inc.

If you watch reality TV or use do-it-yourself sites like Pinterest, you've probably seen garages, bunkers, or even houses made from old shipping containers. A Columbus non-profit housing agency is taking that a step further with the state's first apartment building built from those big metal boxes.

Tasty Made

The burrito chain Chipotle is now betting on burgers.

Known for their massive burritos and trendy décor, the fast-casual restaurant is venturing into new territory with a new burger restaurant called Tasty Made. The first one in the nation opened Thursday in Lancaster.

Esther Honig

The owners of Haiku, the well-known Japanese establishment in the Short North neighborhood, say the restaurant is closing after 18 years in business.

Esther Honig / WOSU

As the Ohio Department of Rehabilitation and Corrections prepares to shut down its farming operations, the final auction of black Angus cattle got underway at the Mansfield Correctional Institution. Some 300 buyers came from around the country. But not everyone is pleased to see the cows off. 


Flickr / Creative Commons

The number of workers unemployed in Ohio rose slightly in September.  The Ohio Department of Job and Family Services reports the unemployment was 4.8 percent in September, up from 4.7 percent in August.

Many travelers have resigned themselves to paying $25 or more to check a bag when flying. But that fee becomes especially onerous when the bag doesn't show up on the carousel at baggage claim.

The White House is proposing a new rule that would require airlines to refund the checked baggage fee if luggage is "substantially delayed," though it does not define "substantially."

Ohio Bans Wells Fargo From State Business

Oct 14, 2016
Ken Teegardin

Ohio Gov. John Kasich says he is suspending Wells Fargo from doing business with state agencies, and excluding the bank from participating in any state bond offerings.

The Republican governor's announcement Friday follows similar moves by state treasurers in California and Illinois and the cities of Seattle and Chicago. The bank has been under fire for manipulating customer accounts to meet sales goals.

Esther Honig / WOSU

Relations between students and Wendy's are getting a little frosty at The Ohio State University.

Members of the Student/Farmworker Alliance held a rally Friday afternoon with agricultural workers, demanding that OSU does not renew a contract with Wendy's.

Flickr / Creative Commons

Gas prices in Ohio have increased by 20 cents compared with a week ago. The average price for a gallon of regular gas in Ohio was $2.29 in Monday's survey from auto club AAA, the Oil Price Information Service and WEX Inc. That's up from $2.09 at the same time last month and seven cents higher than the average of $2.22 reported a week ago.

Columbus Realtors: Housing Market Remains Hot

Sep 22, 2016

Realtors in Columbus say the central Ohio real estate market remains hot. Columbus Realtor's President John Royer says homes continue to fly off the market even as inventory begins to taper off.

Esther Honig / WOSU

As one of the largest stadiums in the country, Ohio Stadium has also managed to become one of the greenest. After each Buckeye home game, up to 95 percent of all stadium garbage is recycled or composted.

Turns out that’s only achievable through one surprising advantage: prison labor. 

Central Ohio Jobless Rate Slips Below 4 Percent

Sep 20, 2016

Central Ohio’s unemployment rate slipped in August to under 4 percent, making it the only metro area in the state to have a jobless rate that low.

Police in Upper Arlington say 2,700 American Electric power customers are without power this afternoon.

Much of the anger and anxiety in the 2016 election are fueled by the sense that economic opportunity is slipping away for many Americans. This week, as part of NPR's collaborative project with member stations, A Nation Engaged, we're asking the question: What can be done to create economic opportunity for more Americans?

Kasich Meets With Obama, Voices Support For TPP

Sep 16, 2016

Governor John Kasich met with President Obama Friday to show his support for the Trans-Pacific Partnership or TPP.

Pages