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International Steel Group to Buy HBI Facility
Wednesday, May 12, 2004RICHFIELD, Ohio -- International Steel Group Inc. has signed an agreement to purchase substantially all of the assets, and assume certain of the liabilities, of the Cliffs and Associates Limited Hot Briquetted Iron (HBI) facility located in Trinidad and Tobago. HBI is a high-quality scrap substitute that can be used as an iron source in steelmaking operations.The terms of the transaction were not disclosed.
Banking Outperformed Almost All Other Industries in 2003
Wednesday, May 12, 2004NEW YORK -- The banking industry increased its stock market value by more than $1.3 trillion in 2003, driven by improved fundamental performance and higher market expectations, according to "Winners in the Age of the Titans: Creating Value in Banking 2004," a new report from The Boston Consulting Group.Banks' total shareholder return was 45% -- substantially above shareholder returns for the overall market.
Akron U. Engineering Students Tapped by GM, Energy Department"
Wednesday, May 12, 2004AKRON, Ohio --The University of Akron College of Engineering has been picked by the U.S. Department of Energy and General Motors Corp.
Wheeling Pittsburgh Operating Loss is $4.5 Million
Wednesday, May 12, 2004WHEELING, W.Va. -- Wheeling Pittsburgh Corp., the holding company of Wheeling-Pittsburgh Steel Corp., today reported an operating loss of $4.5 million in the first quarter of 2004. These results represent a significant improvement over the operating loss of $21 million reported in the fourth quarter of 2003.On a per share basis, the reported loss for the first quarter equaled 70 cents vs. a reported loss of $2.49 per share in the previous quarter.
Consumer Spending for Online Content Totals Nearly $1.6 Billion in 2003
Wednesday, May 12, 2004NEW YORK -- Consumer spending for online content in the United States grew to nearly $1.6 billion in 2003, an increase of 18.8% over 2002, according to a report release yesterday by the Online Publishers Association.Paid online content spending by quarter showed clear seasonal trends, peaking in the third quarter at $407 million and dipping slightly in the fourth quarter to $404 million, mirroring a similar trend witnessed in the same quarters of 2002.
Corporate Profits and Cash Flow Will Drive U.S. Economy
Wednesday, May 12, 2004NEW YORK -- Healthy corporate profits and cash flow, along with strong economic indicators, will provide a sturdy foundation to the ongoing U.S.
Points of View
Wednesday, May 12, 200410 at 25: Still Moore's MasterpieceBritish actor commanded us to laugh, and we did.Tragedy is difficult, comedy virtually impossible. Human history offers sufficient evi-dence of that. Within our lifetime, however, we have been privileged to witness comic genius which, if only for a short time, commanded us to laugh out loud.Twenty five years ago, Blake Edwards released 10 to an adoring public that made it one of the top-grossing movies in 1979. An exercise in pseudo-biography (about a composer dealing with a midlife crisis) 10 is best remembered as the film debut of Bo Derek in braids.
Journal Opinion
Wednesday, May 12, 2004All Politics Should Not Be LocalPerhaps mindful of how presidential hopefuls of the past have gotten into trouble by overpromising, U.S. Sen. John Kerry made no specific pledges of aid to the Mahoning Valley during his April 27 rally in downtown Youngstown. Instead, the candidate focused on plans to improve the nation's economy overall, with particular emphasis on manufacturing jobs.
Media Scope
Wednesday, May 12, 2004Nearly Nude Photo Spread Works for LA AnchorThe difference, with a big-market distinction, is full frontal nudity on the Internet. That's where the line is drawn -- at least for now, at least in the Youngstown television market.In Los Angeles, KTLA's early morning news anchor, Sharon Tay, barely covered her nipples for an above-the-waist nude shot published in Razor, a men's magazine.
Executive Insights
Wednesday, May 12, 2004First Place CEO Believes in Rewarding Employees' Exceptional PerformancesSteve Lewis advocates making public examples when work force surpasses goals.Banking should be fun, the president and chief executive officer of First Place Financial Corp., Steven R. Lewis, believes. And when First Place employees exceed their goals, they should be publicly recognized for their performances.Which three teams in First Place's human resources department do quarterly, says its senior vice president for human resources, Dominique Stoeber.