Welcome to the Business Journal Archives
Search for articles below, or continue to the all new BusinessJournalDaily.com now.
Search
Federation for Blind Alleges Voting Rights Discrimination in Ohio
Tuesday, April 20, 2004BALTIMORE -- The National Federation of the Blind today charged the Controlling Board and Ohio Secretary of State with failure to provide voting machines and voting systems that are accessible to blind voters.
First Niles Financial Nets $260,000"
Tuesday, April 20, 2004NILES, Ohio -- First Niles Financial Inc., the holding company for Home Federal Savings and Loan Association of Niles, last week reported net income of $260,000 for the first quarter of 2004, a decrease of $14,000 from the first quarter of 2003. The return on average assets for the three months ended March 31 was 1.04% compared to 1.09% in the same quarter one year prior.
Warren Printing to Merge with Cleveland's HKM
Tuesday, April 20, 2004WARREN, Ohio -- Warren Printing, a fixture 59 years in the local printing industry, has reached an agreement to join HKM Direct Market Communications of Cleveland.Jim Jastatt, president of Warren Printing, said HKM will purchase some of the company's assets, including a 29-inch conventional printer, and additional equipment. The Warren company will change its name to HKM May 3."It will expand our capabilities and improve our service," Jastatt said.
U.S. Banks will Invest $5.2 Billion on Call Center Personnel This Year
Tuesday, April 20, 2004NEEDHAM, Mass. -- Technology in the call centers of major U.S. banks has come a long way from the days of green-screens. This year, they will spend $1.9 billion on contact center technology, according to a report from TowerGroup. However, the human investment will be even more significant; spending by U.S.
Olive Garden Names Winners in Pasta Tales Essay Contest
Tuesday, April 20, 2004ORLANDO, Fla. -- Misho Ishac Jr., a 10-year-old from Poland, Ohio, is one of 11 winners of Olive Garden's nationwide Pasta Tales essay contest. Winners were chosen from more than 10,000 entries written by students ages 7 to 16 who answered the question, "What is your favorite holiday meal with your family and what makes it special?"Ishac, who was the top winner in his age group, will receive a $250 U.S.
Middlefield Banc Corp. Nets $685,000 for First Quarter"
Tuesday, April 20, 2004MIDDLEFIELD, Ohio -- Middlefield Banc Corp. reports first quarter net income of $685,000, or 56 cents per diluted share, compared to $653,000, or 53 cents per diluted share, in the first quarter of 2003.Middlefield Banc Corp.'s first quarter 2004 results reflect a return on average assets of 1.02% and a return on average equity of 11.46%.
Ohio Awards Funding to Ohio Alliance of Boys and Girls Clubs
Tuesday, April 20, 2004COLUMBUS, Ohio -- Attorney General Jim Petro has awarded the Ohio Alliance of Boys and Girls Clubs with $197,761 in funds from a recent antitrust settlement involving the food preservative Sorbates. "Through the exceptional services that this organization provides, thousands of Ohio's children will now benefit from the Sorbates settlement," Petro says. The terms of the $500,000 settlement require that the funds must be distributed to organizations who will use them to "fund nutrition-related programs benefiting Ohioans."The settlement stems from a complaint filed on Oct.
WCI Steel Files Plan of Reorganization
Tuesday, April 20, 2004WARREN, Ohio -- WCI Steel Inc. has filed a plan of reorganization with the U.S. Bankruptcy Court for the Northern District of Ohio that will enable it to emerge from Chapter 11 bankruptcy.The reorganization, approved by the company's independent board of directors, is subject to approval by the bankruptcy court and a vote of creditors and other stakeholders.An integral component of WCI's reorganization plan is the tentative labor agreement reached April 14 with the United Steelworkers of America.
Home Savings Wins Regulators' OK for New Office in McDonald
Tuesday, April 20, 2004YOUNGSTOWN, Ohio -- The Home Savings and Loan Co. has received approval from the Ohio Department of Commerce Division of Financial Institutions and Federal Deposit Insurance Corp. to open a new, full-service office in McDonald. The office, scheduled to open in July, will be Home Savings' first, full-service retail branch in the McDonald area and its fourth in Trumbull County. Home Savings has 35 banking offices and six loan production offices throughout Ohio and western Pennsylvania.
GM Earns $1.3 Billion in First Quarter 2004
Tuesday, April 20, 2004DETROIT -- General Motors Corp. today reported earnings of $1.3 billion, or $2.25 per diluted share of GM common stock, in the first quarter of 2004. These results represent an increase of 24% from the year-ago period, when GM earned $1 billion, or $1.84 per share, from continuing operations and before special items. Revenue rose 3.1% to $47.8 billion.The year-ago results exclude a gain of $505 million, or 90 cents per share, from the sale of GM Defense, and Hughes Electronics, which was split off from GM in late 2003 and is now reported for 2003 as a discontinued operation.