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Pittsburgh's PNC to Acquire Troubled Riggs Bank
Friday, July 16, 2004PITTSBURGH -- PNC Financial Services Group Inc. today announced a $779 million stock and cash deal to acquire Riggs National Corp. of Washington, D.C., whose banking subsidiary is under criminal investigation for facilitating money laundering schemes.As reported by the Associated Press, "The announcement comes a dayafter U.S.
Handel's Ice Cream Opens Store in Poland Township
Friday, July 16, 2004By George NelsonPOLAND, Ohio -- It's hardly a scoop to report that Handel's ice cream is really, really popular. Contractors were putting the finishing touches on the new Handel's Homemade Ice Cream and Yogurt store on Clingan Road as customers drove in -- or just walked down the road -- for a cone, sundae or whatever treat would satisfy their sweet spot Thursday afternoon."We live about five houses down so we watched them build it," said Larry Matzye, who was there with his wife, Lynne, and their children, Nina and Tad.
Congressmen Seek Halt of Mandatory Nurse Overtime
Friday, July 16, 2004WASHINGTON, D.C. -- U.S. Rep. Pete Stark (D-Calif.) and U.S. Rep. Steven C. LaTourette (R-Ohio) are renewing their call for Congress to put a stop to mandatory overtime for nurses."Requiring nurses to work long shifts poses a serious threat to patient health and it's crippling the nursing profession," Stark says. "We must stop these unsafe practices now.
Howard Hanna Hosts Twilight Tour in Austintown
Friday, July 16, 2004YOUNGSTOWN, Ohio -- Howard Hanna Real Estate Services is offering an alternative to the typical Sunday open house by hosting a Twilight Open House Tour of houses in Austintown Township. The event takes place July 21 from 6 to 8 p.m. Various styles and price ranges will be featured in the home tours, which are free to the public."We have found early evening mid-week open houses are an ideal time for home-buyers to leisurely look at homes in a concentrated community," says Howard W. "Hoddy" Hanna III, president and chief executive officer of Howard Hanna.
$19 Million for Disaster Assistance in Ohio -- and Still Counting
Friday, July 16, 2004COLUMBUS, Ohio -- More than $19.7 million in state and federal assistance has been approved for victims of Ohio's spring flooding, officials reported today.In the six weeks since a federal disaster declaration was issued for 23 Ohio counties -- including Mahoning and Columbiana counties -- 33,762 people have registered for assistance by calling the Federal Emergency Management Administration's toll-free number 1-800-621-3362. "There may still be people in the designated counties who are eligible for FEMA's Individual Assistance Program but have not applied," said Dale W.
Tax Relief Available to Ohio Flood Victims
Friday, July 16, 2004COLUMBUS, Ohio -- Ohio residents affected by the flooding between May 18 and June 21 may be eligible for tax relief that could lessen some of their losses."The U.S. Internal Revenue Service permits those with casualty losses from the disaster to claim this year's losses on last year's income tax return, even if it's already been sent in," said Lee Champagne, coordinating officer for the U.S. Department of Homeland Security's Federal Emergency Management Agency.
Warren Credit Union to Hold Seminar on Medicaid
Friday, July 16, 2004WARREN, Ohio -- The Greater Warren Credit Union will hold a free informational seminar July 29 to discuss legal and financial assistance in applying for Medicaid. The seminar, which begins at 4 p.m. at the credit union offices on Mahoning Avenue N.W., is free and open to the public. The seminar is being conducted by the Greater Warren Financial Center LLC, a division of the credit union. It will be conducted by Jack Bouker, president of the Greater Warren Financial Center, and Victoria Schafer, an attorney with the American Association of Retired Persons.
KeyCorp Reports $239M in Second Quarter Net Income
Friday, July 16, 2004CLEVELAND -- KeyCorp today announced second-quarter net income of $239 million, or $0.58 per common share, compared with $225 million, or $0.53 per share, for the second quarter of 2003. For the first quarter of 2004, net income was $250 million, or $0.59 per diluted common share."Key's performance continued to improve in the second quarter," said Henry L. Meyer III, chairman and chief executive officer. "Noninterest income benefitted from the stronger performance of our market sensitive businesses, including investment banking and other capital markets activities.
East Liverpool Bank Holding Co. to Acquire Financial Advisory Firm
Friday, July 16, 2004EAST LIVERPOOL, Ohio -- Tri-State 1st Banc Inc. (TSEO, Nasdaq), parent of 1st National Community Bank, has entered a definitive agreement to acquire the assets of MDH Investment Management Inc., an investment and financial advisory firm, for stock and cash.Other financial terms of the agreement, announced today at the East Liverpool Country Club, were not disclosed.Dr. Marc D. Hoffrichter will remain president and have "full autonomy" in running the firm, Charles B. Lang, president of Tri-State 1st, promised.
To the Editor: Why Open Government Matters
Friday, July 16, 2004By Jim PetroOhio Attorney GeneralTO THE EDITOR: Citizen participation in government is a cornerstone of the American democracy. The ability for each person to speak his or her mind about the policies and actions of government is one of the most treasured American rights, and for this reason, access to government-held information is as much an inalienable right as freedom of expression.