Business Briefs: Huntington Bank prepares free transfers offer

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Huntington Bank prepares free transfers offer

Starting April 1, Huntington Bank plans to offer small business customers free automatic transfers from savings to checking accounts to cover negative balances. The bank previously eliminated the $10 overdraft protection transfer fee for consumer accounts.

Pa. residents running out of time for refunds: IRS

The IRS estimates that nearly 37,500 Pennsylvanians who did not file federal income tax returns for 2010 are entitled to refunds and are running out of time to claim them. The deadline to collect refunds for 2010 is April 15. "We encourage students, part-time workers and others who haven't filed for 2010 to look into this before time runs out," IRS commissioner John Koskinen said. The agency estimates the median potential refund in the state is $614.

Cheerios get no lift from GMO switch

Plain old Cheerios are no longer made with genetically modified ingredients, but the switch hasn't yet translated to a boost in sales. General Mills, the company that makes the cereal, in January announced it would start making its plain Cheerios without genetically modified organisms. On Wednesday, CEO Ken Powell said the company was “not really seeing anything there that we can detect” in terms of a sales lift.

Research firm expects $31B mobile ad spending

Worldwide spending on mobile advertising is expected to reach $31.5 billion this year, a 75 percent increase from 2013 thanks largely to Facebook and Google, according to a new report by research firm eMarketer. By the end of this year, eMarketer expects mobile to account for nearly a quarter of total digital ad spending, which is estimated to reach $137.5 billion.

JPMorgan selling physical commodities business

JPMorgan said on Wednesday that it has made a deal to sell its physical commodities business for $3.5 billion, after new regulations crimped its ability to control power plants, warehouses and oil refineries. If it’s approved by regulators, the deal would put the commodities business in the hands of energy and commodities trading company Mercuria Energy Group Ltd.

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