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Continued unemployment claims drop nearly 3,400 from previous week

Staff report Ohioans filed 47,250 continued unemployment claims during April 12-18, the Ohio Department of Job and Family Services reported Thursday. The number was 3,373 fewer than the previous week. The agency reported that 5,377 initial unemployment claims were filed last week. The number was 494 more than the previous week. The total number of claims filed for the week was 52,627. Ohio’s unemployment rate in February was 4.2%. The national unemployment rate in February was 4.4%. Ohio’s labor force participation rate in February was 62.2%. The national labor force ...

US soldier charged over bet on Maduro

WASHINGTON (AP) — A U.S. soldier involved in the military operation to capture Venezuelan President Nicolas Maduro has been charged with using classified information about the mission to win more than $400,000 in an online betting market, federal officials announced Thursday. Gannon Ken Van Dyk was part of the operation to capture Maduro in January and used his access to classified information to make money on the prediction market site Polymarket, the federal prosecutor’s office in New York said. Van Dyke was involved in the planning and execution of capturing Maduro for about a ...

Trump weighs takeover of Spirit Airlines

NEW YORK (AP) — President Donald Trump said Thursday he is weighing a taxpayer-funded takeover of Spirit Airlines with the intent of reselling the struggling budget carrier after oil prices drop. The president confirmed his continued interest in offering Spirit a financial lifeline after a lawyer told a U.S. Bankruptcy Court that the airline was in advanced talks with the government on a financing deal to allow Spirit to emerge from Chapter 11 protection. “They have some good aircraft and good assets, and when the prices of oil goes down, we’ll sell it for a profit,” Trump ...

Supreme Court rules for Michigan in its fight to shut down an aging pipeline

WASHINGTON (AP) — The Supreme Court on Wednesday sided with Michigan in ruling that the state’s lawsuit seeking to shut down a section of an aging pipeline beneath a Great Lakes channel will stay in state court. Justice Sonia Sotomayor wrote for a unanimous court that the Enbridge energy company waited too long to try to move the case to federal court. The case is part of a messy legal dispute about a pipeline that has moved crude oil and natural gas liquids between Superior, Wisconsin, and Sarnia, Ontario, since 1953. Michigan Attorney General Dana Nessel sued in state court ...

CSX delivers 25% jump in profit as it hauls more goods, cuts expenses

CSX railroad’s profit jumped 25% in the first quarter as the railroad hauled 3% more shipments and cut its expenses. The Jacksonville, Florida-based railroad said Thursday that it earned $807 million, or $0.43 per share, as it continued to improve efficiency. That’s up from $646 million, or $0.34 per share, a year ago. CSX easily topped the expectations of the analysts surveyed by FactSet Research who predicted earnings per share of 39 cents. The railroad said it cut expenses by 6% to $2.2 billion in the quarter as CEO Steve Angel, who took over last fall, continued to improve ...

Trumbull, Mahoning inch ahead in February unemployment numbers

Staff report Mahoning Valley’s employment numbers readjusted slightly following a bleak January report, according to county and city figures released Tuesday. Mahoning County improved three-tenths of a percentage point with a 6.2% unemployment rate in February, the Ohio Department of Job and Family Services said. Trumbull County went from 7% in January to 6.6% unemployment. However, they are among the counties with the highest unemployment rates statewide for the month. Both dropping two spots from the previous month, Trumbull is ranked 11th and Mahoning 15th. Mahoning added 1,000 ...