Ohio unemployment rate remains at 7 percent
COLUMBUS, Ohio -- While Ohio's labor force is not growing at the preferred rate for an economic recovery, the number of unemployed people in the state is significantly lower than a year ago, the state said Friday as it announced monthly unemployment rates.
Ohio's seasonally adjusted unemployment rate for February was 7 percent, unchanged from January, and well below the national rate of 7.7 percent.
The state's nonagricultural jobs increased 16,100 over the month, from a revised figure of 5.181 million in January to 5.197 million in February, according to the latest business establishment survey conducted by the U.S. Department of Labor in cooperation with Job and Family Services.
Darden 3Q profit falls but tops Street's view
NEW YORK -- Darden Restaurants' third-quarter net income dropped 18 percent, as it dealt with soft sales at Red Lobster but the performance still beat Wall Street's expectations.
The Orlando, Fla., company said Friday that sales at its Olive Garden, Red Lobster and LongHorn Steakhouse restaurants open at least a year fell a combined 4.6 percent.
This figure is a key gauge of a restaurant operator's performance because it excludes results at store recently opened or closed.
For the three months ended Feb. 24, Darden earned $134.4 million, or $1.02 per share. That's down from $164.1 million, or $1.25 per share, a year earlier.
Analysts polled by FactSet expected earnings of $1.01 per share.
Goodyear has begun construction of a new fleet of blimps
AKRON, Ohio -- Goodyear has begun constructing the first of a new generation of its iconic blimps.
The tire maker said Friday the blimp built in Germany by ZLT Zeppelin Luftschifftechnik will be assembled at Goodyear's Wingfoot Lake Hangar near the company's headquarters in Akron.
Construction will take up to seven months. Airship certification and crew training is planned for early next year.
Goodyear says the new blimp will be larger, faster, more maneuverable and carry more passengers than its current fleet.
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