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GM CEO Recognizes Value of African-American Market
Friday, May 14, 2004DALLAS -- The impact and influence of African-American businesses is growing in the United States and around the world, the chairman and chief executive officer of General Motors Corp., Rick Wagoner, said yesterday in a speech here before the ninth annual Black Enterprise/General Motors Entrepreneurs Conference. "For GM to win in the global auto business, we need a diverse workforce -- one that brings together a wide range of talents, ideas, experiences, and perspectives," Wagoner said.
Bush Leads Kerry in Fund-Raising in Nearly Every State
Friday, May 14, 2004WASHINGTON -- The U.S. electoral map is colored with a mix of red states that are likely to support President Bush and blue states that are likely to support Sen. John Kerry in the November presidential election. But the map of presidential campaign fundraising is almost all red.Bush raised more money than Kerry in 48 states through March 31, illustrating that Bush's overall fundraising advantage in the presidential race extends to areas throughout the country.
WCI Lenders File Reorganization Plan
Friday, May 14, 2004WARREN, Ohio -- Attorneys representing WCI Steel Inc.'s secured bondholders have submitted a plan to reorganize the company and bring it out of bankruptcy, according to documents filed with the U.S. Bankruptcy Court of the Northern District of Ohio.The investors filed their plan May 12 in Akron.
Community Cup Sets Deadline
Friday, May 14, 2004YOUNGSTOWN, Ohio -- Interested companies have until June 1 to submit their applications for participating in the Youngstown Area Community Cup application deadline is June 1. Sponsored by the YMCA of Youngstown, the 15th annual program will take place Sept. 11, with preliminary events to be held August 27-29.
Timken Announces Closing of Canton Bearing Operations
Friday, May 14, 2004CANTON, Ohio -- The Timken Co. announced this morning it will close its Canton bearing manufacturing operations, affecting 1,300 employees. Spokesman Jason Saragian said Timken's steel operations are not affected and the decision will have no impact on a steel distribution and processing plant the company operates in Vienna, "This is strictly bearings-related. The real issue is competitiveness," he said.
Ryan Adds Language in Bill to Protect Manufacturers
Friday, May 14, 2004WASHINGTON -- U.S. Rep. Tim Ryan of Niles, D-17 Ohio, announced yesterday that the 2005 House Defense bill includes a U.S.
AT&T Wireless Leads in Customer Complaints
Friday, May 14, 2004WASHINGTON -- Records obtained by Consumers Union through the Freedom of Information Act show AT&T Wireless has the highest number of complaints per subscriber of the top six wireless companies, and that consumers in general complained most about billing problems, service quality and transferring their phone numbers when switching companies."The data is significant because the Federal Communications Commission does not report complaints so that consumers can look at each company's track record when shopping for cell phone service," said Janee Briesemeister, campaign manager for www.EscapeC
YSD Industries Plans to Ride Rail Resurgence
Friday, May 14, 2004By George NelsonYOUNGSTOWN, Ohio -- With its first order under new ownership due to ship out next week. YSD Industries Inc. is positioning itself to benefit from the resurgence in rail."We hope to grow," said Jerome D. Hines, YSD president. "The goal of our industry, and the railroad industry as a whole, is to take the traffic off the highways and to put it on the rail.
Survey Reveals Parent's Concerns About College Costs
Friday, May 14, 2004SAN DIEGO -- Who's concerned about paying for their son or daughter's college education? Nearly everyone, according to a national survey underwritten by national student loan provider Student Loan Xpress Inc., a subsidiary of Education Lending Group Inc.The survey, conducted by international research firm Wirthlin Worldwide, indicates that only one of 10 parents is not at all concerned about paying for college.
'Cobalt' Leads Penguin Parade Art Project
Thursday, May 13, 2004YOUNGSTOWN, Ohio -- "Cobalt," a majestic, multi-colored, seven-foot-tall penguin sculpture named after the new car line at the General Motors Lordstown Complex, was unveiled today at Youngstown State University as part of the Penguin Parade public arts project.The design, which uses the same type of paint used at the auto complex, is the first of 31 penguin sculptures being created through the project sponsored by YSU and the Community Foundation of the Mahoning Valley."It's appropriate, given General Motors' vital importance to the region, that the first penguin to be unveiled in this project