The Akron Legal News

Akron Legal News

Q. What's a company's "capital allocation"? -- D.B., Omaha, Nebraska
A. It's how the company spends its money. Management may decide to spend its capital to hire more employees, build more factories, pay down its debt, pay its shareholders a dividend (or increase the dividend), buy back some of its shares, buy another ... (full story)

If you’re worried about your bond portfolio, you’re missing the point

A friend who’s close to retirement texted that she was concerned about the bond market. She’d been building out that fixed-income allocation over the past several years at the urging of her adviser.
Her message made me wonder if some people might have misguided ideas about bonds.
Volatility is much lower than for ... (full story)

High airfares could stick around even if jet fuel prices fall

Travelers could be stuck paying high airfares even if oil and jet fuel prices fall, major U.S. airlines and industry analysts say.
The price of jet fuel shot up after the Iran war began and retreated sharply in the spring before surging again as the summer went on. Such fluctuations make it harder for airlines to plan ahead and ... (full story)

Local

Longtime judge and virtual self-help centers receive awards for Excellence and innovation

A longtime Perry County Municipal Court judge was presented with the Thomas J. Moyer Award for Judicial Excellence last week at the Ohio Judicial Conference annual meeting.
The Ohio State Bar Association presented the Moyer Award this year to retired Judge Dean Wilson. The bar association noted in an announcement that the award ... (full story)

State

Senate passes college sports bill that would rein in athlete payments and transfers

WASHINGTON (AP) — The Senate passed a sweeping bipartisan bill on Sept. 28 that would regulate college sports, an attempt to end “chaos” in an industry that has been upended by skyrocketing athlete payments and near-unrestricted transfers between schools.
The overwhelming 77-22 vote to pass the legislation is t ... (full story)

We're in this together, Earth's leaders told each other at the UN. But how does that work, exactly?

NEW YORK (AP) — There is doom. There is gloom. There is mistrust. There is insistence upon shared power and the prevention of political and military bullying. And there is a growing cry for permanent seats at the table of power — for island nations threatened by climate change and, more than anything, for Africa.
The ... (full story)

Prosecutor reopens probe into Cornell gang rape allegations after accuser files lawsuit

A New York prosecutor has reopened an investigation into gang rape allegations at a Cornell University fraternity in response to a lawsuit filed by a woman who says she was sexually assaulted in 2024 by seven students after being plied with alcohol and drugs.
Tompkins County District Attorney Matthew Van Houten said Sept. 28 tha ... (full story)