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Conference Board Economic Index Edges Up in April
Thursday, May 20, 2004NEW YORK -- The Conference Board today reported its composite index of leading economic indicators increased 0.1% in April, following a 0.8% increase in March and no change in February."The Leading Economic Index remains on an upward trend, suggesting continued strong economic and job growth through the third quarter," said Ken Goldstein, chief economist for the business group.
Ohio Cuts Workers' Comp Premiums by 20%
Thursday, May 20, 2004COLUMBUS, Ohio -- The Ohio Bureau of Workers' Compensation today announced the state's private employers will receive a one-time 20% premium dividend on their upcoming workers' comp bills. The dividend, approved by the Ohio Workers' Compensation Oversight Commission, was recommended by the BWC, and is based on solid and continual growth in investment income, officials said.The 20% dividend will result in savings of more than $170 million for private employers for the second half of 2004, said James Conrad, BWC administrator and chief executive officer.
First Niles Financial Declares Second Quarter Dividend
Thursday, May 20, 2004NILES, Ohio -- First Niles Financial Inc., parent company of Home Federal Savings and Loan Association of Niles, today announced a cash dividend of $.15 per share for the second quarter of 2004. The dividend will be payable June 18 to shareholders of record on June 4, 2004. Home Federal primarily serves the Niles area.
Senate Vote Suggests No Delay in Base Closings
Thursday, May 20, 2004WASHINIGTON -- What looked like a window of more opportunity to make the case for preserving operations at the Youngstown Air Reserve Station appeared to close yesterday on Capitol Hill.The U.S. Senate defeated, by a vote of 49-47, an amendment to the fiscal year 2005 Defense Authorization Bill that would have required the Defense Department to close overseas bases before it could proceed with the next round of domestic base closings. Last week the U.S.
Online News Consumption Increases, but Not to Detriment of Other Sources"
Thursday, May 20, 2004ROCHESTER, N.Y. -- Four out of five adults (80%) who are online report that they have used the Internet to read some kind of news in the last seven days, according to the results of a survey conducted last month by the Harris Poll.The types of online news used by the largest numbers of people are the weather (60% of all those online), national news (56%), international news (44%) and local news (36%). Currently 69% of all U.S.
Penn-Northwest Forms Partnership for SBA Program
Thursday, May 20, 2004MERCER, Pa. -- Penn-Northwest Development Corp. is joining forces with the Altoona Blair County Development Corp. to provide low-interest loans to Mercer County, Pa., businesses through the U.S. Small Business Administration's 504 loan program.The new partnership provides for ABCD Corp. to process SBA 504 loan applications for businesses located in Penn-Northwest's service area, and work with Penn-Northwest to inform the business community about the loan program.ABCD Corp. is a certified development agency chartered by the SBA to administer the 504 program throughout Pennsylvania.
Airport Authority Asked to Be Focal Point in River Cleanup
Thursday, May 20, 2004By Dan O'BrienVIENNA, Ohio -- The U.S. Army Corps of Engineers wants the Western Reserve Port Authority to decide by this summer whether it will act as a funding conduit in cleaning up the Mahoning River and restoring its water quality.The board heard a lengthy presentation Wednesday from Carmen Rozzi, plan formulation section chief of the corps' Pittsburgh division. Such an undertaking needs widespread support, Rozzi said, and the port authority is the ideal entity to help with the project because it encompasses both Mahoning and Trumbull counties.
MicroSys Computing Breaks Ground for New Building
Thursday, May 20, 2004By Elise McKeownBOARDMAN, Ohio -- Ground was broken yesterday for the 20,000-square foot expansion of Microsys Computing Inc. just two doors away from its existing offices on U.S. 224.The expansion is needed because the medical practice management software company has outgrown it's 5,700-square-foot space, said founder Ajit Kumar. "We are growing and we have every reason to believe that the trend will continue," he noted. "The new building will give us opportunities to do more things than what we are currently doing.
Delphi Drives Ahead in Steering Columns
Thursday, May 20, 2004SAGINAW, Mich. -- Delphi Corp. continues to strengthen its position in the global steering column occupant protection market with nine new business wins during the first quarter of 2004 for vehicles across North America, Europe and Asia Pacific, according to Dan Crishon, business line executive, steering columns.
Pricing Power Gives Small Businesses Edge over Corporations
Thursday, May 20, 2004CHICAGO -- The ability to ratchet up prices gives nimble small businesses an edge over large corporations as the economy surges, fueling continued expansion and optimism, says Peter Glassman, senior economist for Bank One."Sales are up. Profits are up.