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Dann Sides with Ohio Chamber in Blasting Taft's Reforms
Sunday, March 13, 2005"YOUNGSTOWN, Ohio -- State Sen. Marc Dann, D-32, Liberty, is siding with the Ohio Chamber of Commerce in opposing Gov. Bob Taft's bid to reform the state's tax system.In a letter dated March 10 to his fellow senators, Dann blasted Taft's proposed corporate activity tax, which would replace the corporate inventory tax, as "a risky scheme," "flawed," and an "economic depressant.""Yesterday I heard the Chamber of Commerce outline the problems of this new tax," Dann wrote.
"Mayors Worry About Health Care, Unemployment, Economy"
Sunday, March 13, 2005"WASHINGTON -- Transportation congestion, rising health care costs, uncertain economic development programs, inadequate housing and growing unemployment are at the top of the list of issues facing America's city officials, according to a new survey from the National League of Cities.The State of America's Cities Survey found that half of city officials are more pessimistic about the direction the country is heading. Not since 1995 have 50% of officials held this view."Six years ago, the Nation's Capital was struggling under a mountain of debt.
Delphi Secures $550M in Global Halfshaft Business
Sunday, March 13, 2005"TROY, Mich. -- Delphi Corp. has booked more than 20 new halfshaft programs globally during 2004, totaling more than $550 million in lifetime revenue, officials reported earlier today.The company, whose Packard Electric division is headquartered in Warren, Ohio, has experienced financial woes of late, including the exit of the company's chief financial officer, a class-action fraud lawsuit on behalf of shareholders and stock that was degraded to junk status.More than 70% of this new business supports Delphi's efforts to diversify its customer base, officials said.
Children Services Adds More Security to New Office Building
Sunday, March 13, 2005" By Dennis LaRueYOUNGSTOWN, Ohio -- The Mahoning County Children Services Board will spend nearly $75,000 to add bullet-resistent drywall, change some door locks and install cable and wiring for caseworkers' computers in its new building downtown.The executive committee of the Youngstown Central Area Community Improvement Corp., which is overseeing construction of the four-story structure that will house Children Services and the state Bureau of Workers Compensation, this morning approved a change order for $74,792.Of that sum, just $50,000 will be spent on the wiring, $17,467 on bullet-resis
Wheeling-Pittsburgh Steel Nets $62.5M for 2004
Sunday, March 13, 2005"WHEELING, W.Va. -- Wheeling-Pittsburgh Steel Corp. officials today reported net income of $62.5 million, or $5.68 per diluted share for 2004 as well as announced plans for a $14.5 million upgrade at its 80-inch Hot Strip Mill.Wheeling-Pittsburgh is a subsidiary of Wheeling-Pittsburgh Corp.Net income for the fourth quarter of 2004 totaled $6.4 million, or 46 cents per diluted share compared with a net loss of $23.7 million, or $2.49 per diluted share, in the fourth quarter of 2003, and net income of $35.6 million, or $3.42 per diluted share, for the third quarter of 2004.
"Americans Become Their Own Reporters, Editors"
Sunday, March 13, 2005"NEW YORK -- The state of journalism in America is changing faster than rapidly evolving technology, finds an extensive study of the media released today, and news consumers are increasingly becoming their own reporters."In effect, Americans are shifting from being consumers of news to pro-active partners in creating their own personalized news account each day, and traditional journalism is only part of that mix," said Tom Rosenstiel, director of the Project for Excellence in Journalism.
Insurance Scams Consumers Should Watch for in 2005
Friday, March 11, 2005WASHINGTON -- Fake health insurance, insurance-agent scams and stolen airbags are among the eight insurance swindles consumers must watch for in 2005, the Coalition Against Insurance Fraud forecasts.Insurance cons will remain widespread around the U.S. despite progress in cracking down on the crimes. Many scams persist year after year. They can steal from a few dollars to life savings. They also can threaten your health and even life.Here are a few tricks of the trade to watch out for:Fake health insurance. Swindlers sell bogus health coverage to small business owners and consumers.
Securities Fraud Lawsuit Filed Against Delphi Corp.
Friday, March 11, 2005NEW YORK -- A securities fraud lawsuit against Delphi Corp. and certain of its officers and directors, on behalf of all persons, including preferred shareholders, who purchased Delphi securities on the open market from April 12, 2000, through March 3, 2005. The action was filed yesterday in the U.S. District Court for the Southern District of New York by the law firm of Wolf Popper LLP.
Striking Vindy Workers Step Up Pressure as Talks Resume
Friday, March 11, 2005YOUNGSTOWN, Ohio -- With bargaining set to resume today between The Vindicator and the Youngstown Newspaper Guild, the union attempted to apply pressure last night to end the 115-day old strike by appealing to shoppers at six car dealers that advertise in the Mahoning Valley's largest daily newspaper.Leaflets were handed out to the shoppers as they left the dealerships, urging them not to buy automobiles from dealers who advertise in The Vindicator.The pressure tactic comes as the company gives every indication that it is hunkering in, in no hurry to return the 170 striking Guild members to th
MTR Gaming Group Nets $14.5M for 2004
Friday, March 11, 2005CHESTER, W. Va.-- MTR Gaming Group Inc., owner/operator of Mountaineer Race Track & Gaming Resort, today reported net income of $14.5 million for fiscal year 2004 and $2.6 million for the fourth quarter. "While the fourth quarter and full year financial results are consistent with our guidance, our performance continues to reflect the carrying costs of the numerous development opportunities on which we are focusing," stated Edson R.