Banking & Finance

Business Economists See Higher Profits, Wages

WASHINGTON -- The National Association of Business Economists foresees continuing strong economic growth as reflected by their companies earning higher profits and paying higher wages.

Huntington Reports 2Q Net Income of $164.6 Million

COLUMBUS, Ohio -- Huntington Bancshares Inc., parent of Huntington National Bank, Friday reported net income of $164.6 million for the quarter ended June 30, or 19 cents per diluted share.

Record Earnings at First National Bancshares

Home Savings Concludes 125 Days of Giving

YOUNGSTOWN, Ohio -- Home Savings concluded its 125 Days of Giving last Friday when it presented its 125th $125 gift card to the Hotline Crisis Center.

Ohio Auto, Home Insurance Rates among Lowest in US

COLUMBUS, Ohio -- The average rate changes for the top-10 private passenger auto and homeowner’s insurance groups in Ohio were smaller than the 2012 changes -- increasing 2.6% and 7.4%, respectively.

Rates in the Buckeye State are among the lowest in the country, says Lt. Gov. Mary Taylor, who’s also director of the Ohio Department of Insurance.

A recent Insure.com study found this year’s average annual premium for a policy for a new vehicle in Ohio is the lowest in the country.

Huntington Lends Money (but Gives Pens Away)

F.N.B. Corp. Names Pittsburgh as Headquarters

Car Buyers Flock to Valley Showrooms in June

YOUNGSTOWN, Ohio -- Despite a month marked by massive recalls at General Motors Co. and Toyota, customers in the tri-county region flocked to dealers' showrooms during June.

Insurance Agent Fee Reduction Could Save $11.3M

COLUMBUS, Ohio -- A reduction in the fee insurance companies pay to appoint insurance agents is projected to result in $11.3 million in reduced costs each year. An amended rule took effect in Ohio June 30 that reduces the agent appointment fee 25%, to $15 from $20.

“Lowering the cost of doing business in Ohio benefits consumers and further strengthens Ohio’s vibrant insurance market,” said Lt. Gov. Mary Taylor, also director of the Ohio Department of Insurance, in a prepared statement.

Manufacturers Seek Steps Against Currency Manipulation

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