Login | June 22, 2017
Akron Legal News
Business
One dud and two good investments
Dear Mr. Berko: Because the 401(k) where I work has a lousy choice of funds (list enclosed), I am moving $30,000 of the $91,000 into an individual retirement account to seek a better return. The stockbroker recommended $10,000 each in Macquarie Infrastructure, the Fidelity Select Banking Portfolio and American Electric Power. Please ... (full story)
Experts advise craft breweries on avoiding legal pitfalls
It’s been over two years since Sean Kennedy and several other family members first decided to start a craft brewery.
“My brother and two cousins had been talking about opening a family business and some vacant space became available because my other business (Technology Recovery Group) moved to a larger space,” ... (full story)
Key insurer Centene plans to expand health exchange presence
Health insurer Centene announced plans last week to expand into more Affordable Care Act insurance exchanges for next year, at a time when competitors are either pulling back from those markets or proposing steep price hikes to remain.
The insurer said it will start offering coverage on exchanges in Missouri, Kansas and Nevada. I ... (full story)
Hold or sell Fifth Third Bank?
Dear Mr. Berko: We bank at Fifth Third Bank and own 1,000 shares of the stock, which you advised us to buy in 2009 at $7.75 a share. I like the stock's performance, but when I bragged to friends (a retired banker and his wife) about our good fortune ($16,250 profit), both told me to sell the stock because "the scummy management ... (full story)
Bailout of 2 Ohio nuclear plants stalls in Statehouse
CLEVELAND (AP) — A proposed bailout for Ohio's two nuclear power plants that would lead to rate increases for FirstEnergy customers appears to be stalled in the Legislature.
One legislative committee considering the idea suspended testimony last month amid protests against the plan while another committee held its fourth he ... (full story)