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Universal Percussion Owner Takes Ohio SBA Title
Monday, March 21, 2005"WASHINGTON -- Tom Shelley, founder and president of Universal Percussion Inc., Columbiana, has been named Ohio's Small Business Person of the Year and will be honored next month by the U.S. Small Business Administration. Pennsylvania's title was awarded to Brian G. Uffelman, Shawn L. McCall and Edward J. Chezosky, officers of iMortgage Services, Pittsburgh.Universal Percussion, located at 1431 Heck Road, is a supplier/distributor of percussion instruments such as drums and drum sets, tambourines and cymbals.
Business Journal Web Site Offline Yesterday
Monday, March 21, 2005"YOUNGSTOWN, Ohio -- The Daily Business Journal Online was unavailable for several hours yesterday, reportedly as a result of a cable company outtage.Because of the importance of yesterday's headline story about the overturning of a judge's ruling in favor of The Business Journal, the story will remain headlined today to give online readers who were unable to access the site yesterday further opportunity to read it."
"Ohio Governor Visits Canada to Promote Trade, Tourism"
Monday, March 21, 2005"COLUMBUS, Ohio -- Gov. Bob Taft is in Toronto today and tomorrow to explore ways to strengthen Buckeye State ties with Canada, particularly in the areas of foreign direct investment and tourism. "International trade is critical to Ohio's economic success, and Canada is a very important trade partner," Taft said.
Pennsylvania Fights to Keep Military Bases Open
Monday, March 21, 2005"HARRISBURG, Pa. -- Ohio isn't the only state trying to avoid closure of military bases. Pennsylvania officials are fighting to save those in the Keystone State. Yesterday, Gov. Edward G. Rendell hosted a meeting of the Pennsylvania Base Development Committee to discuss strategies designed to avoid the closure of military installations as the Department of Defense prepares to reduce its facilities across the nation as part of the 2005 Base Realignment and Closure process.U.S. Secretary of Defense Rumsfeld will release a list of bases to be closed no later than May 16.
Clear Channel Guilty of Interfering with Rival's Contract
Monday, March 21, 2005"CHICAGO -- A federal jury yesterday found Clear Channel Communications illegally used its entertainment industry clout to block a Chicago competitor from promoting motorcycle races and awarded the smaller event firm more than $90 million in damages, including $73 million in punitive damages.The jury verdict upheld charges by JamSports and Entertainment LLC, that Clear Channel intimidated the American Motorcycle Association into reneging on a multi-year agreement under which JamSports was to promote Supercross motorcycle events nationwide beginning in 2003.Clear Channel, based in San Antonio,
How to Avoid Scholarship Scams
Monday, March 21, 2005"Kanan Singh wants to become a pediatrician. But like most college students, she wonders how she'll pay for her education. Walking across campus at Modesto Junior College, in Modesto, Calif., she thought she'd been handed the answer: a flyer for a financial aid seminar that promised to help students find scholarships.Singh and her father drove to the advertised hotel in nearby Salida, Calif. They sat in a conference room with 30 other people while two women and one man, all well-dressed and articulate, gave their presentation.
Sky Financial Group Lowers Earnings Estimate
Monday, March 21, 2005BOWLING GREEN, Ohio -- Sky Financial Group Inc. expects earnings for the first quarter to be in the range of 29 cents to 30 cents per diluted share -- down from the prior guidance of 44 cents to 45 cents per diluted share, officials announced Friday.In the first quarter, Sky expects to record a provision for credit losses of $29 million to $31 million.The increased provision for credit losses is a result of higher than anticipated credit losses, primarily from two large commercial credits and the sale of a group of non-performing consumer loans, officials said.
Shaker Woods Festival Gets National Spotlight
Monday, March 21, 2005COLUMBUS, Ohio -- The annual Shaker Woods Festival in Columbiana County is on the list of 22 sites in Ohio's Appalachian region that will be promoted in a new marketing campaign, Gov. Bob Taft announced today. The campaign will be coordinated by the Appalachian Regional Commission and National Geographic to promote unique tourism experiences and sites of national significance in the region.
RTI Metals Supports Taft's Tax Reform Plan
Monday, March 21, 2005NILES, Ohio -- Officials at RTI International Metals Inc. today announced their support of a tax reform plan put forth by Ohio Gov. Bob Taft that is designed to encourage investment in Ohio manufacturing. Taft's initiative would phase out business taxes that discourage investment and put Ohio companies at a competitive disadvantage, according to Timothy G. Rupert, RTI president and chief executive officer. Franchise and personal property taxes, both of which would be phased out, penalize companies for having assets in Ohio, which in turn discourages job growth in the state, he said.