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Park Classic Diner Would Recapture the '50s
Tuesday, February 22, 2005By Dennis LaRueBOARDMAN, Ohio -- At the Park Classic Diner, South Avenue at U.S. 224, the menu is from the 1950s, as is the decor, the servers' uniforms (and diner names), the music (albeit compact discs disguised as 45s in the free juke box).
Cumulus Media Nets Revenues of $320.1M for 2004
Monday, February 21, 2005"ATLANTA -- Cumulus Media Inc. today reported net revenues for 2004 of $320.1 million, up 13.4% from 2003. Lew Dickey, chairman, president and chief executive officer, attributed the increase primarily to revenues associated with station acquisitions completed prior to Dec. 31, 2003, and stations operated under the terms of local marketing agreements during periods prior to that date.Cumulus operates seven radio stations in the Youngstown, Ohio, market.Station operating expenses increased to $202.4 million last year, an increase of 12.8% over 2003.
Pennsylvania's Economic Performance Remains Mixed
Monday, February 21, 2005"UNIVERSITY PARK, Pa. -- Pennsylvania's economic performance continues to mirror the nation's in its unemployment rate and per-capita income, but the commonwealth has lagged considerably on employment and population growth since 2000, Penn State University researchers found. "Not all urban and rural areas of the state navigated the 2001 to 2003 recession and recovery with equal success," the Penn State team said in the report, titled Road to 2005 -- Update on Pennsylvania.
NorthSide Bank Opens as First National Bank of Pa.
Monday, February 21, 2005"PITTSBURGH -- When the 11 branches of the former NorthSide Bank open for business today, customers might notice a few changes. In addition to cookies and coffee being served in the lobbies, new signs sporting the First National Bank of Pennsylvania logo will be prominent, and many customers will be using recently issued First National Bank checks, and or carrying First National Bank ATM and Debit cards.The tellers and personal bankers, though, are the same people who were there on Friday, when the merger was completed between NSD Bancorp and F.N.B.
Concern for Workers' Family Issues May Boost Performance
Monday, February 21, 2005"CHICAGO -- Making a bottom line-only decision for investing in personal supports for workers makes employee support programs vulnerable for elimination during times of economic downturns, maintains Susan Lambert, associate professor in the School of Social Service Administration at the University of Chicago.
Port Authority Adopts $9M Budget to Support Development
Monday, February 21, 2005"By Dennis LaRueEAST LIVERPOOL, Ohio -- The $9 million budget adopted Monday night by the Columbiana County Port Authority reflects its role as midwife in economic development throughout the county.More than $7.5 million in state and federal grants, $1.13 million from rents, local sources and income for services provided, and $325,000 in miscellaneous sources, including utility surcharges to tenants constitute the 2005 budget the chief financial officer, Stephen Cooper, presented.Marketing chairman Charles Presley commended the chief executive officer, Tracy Drake, for keeping utility expenses
Janney Montgomery Scott to Acquire Parker/Hunter
Monday, February 21, 2005"PITTSBURGH -- Parker/Hunter Inc., the largest employee-owned investment firm in Pennsylvania, and Philadelphia-based Janney Montgomery Scott LLC, a large regional firm, said Tuesday that they have executed an agreement where Janney will acquire Parker/Hunter.Upon closing, subject to shareholder and regulatory approvals, Parker/Hunter will operate as a wholly owned subsidiary of Janney until the operations of the two firms are merged later in the year.The combination of Parker/Hunter's 21 offices, 130 financial advisers and 45,000 clients in Pennsylvania, Ohio and West Virginia with Janney's 9
Park Classic Diner Would Recapture the '50s
Monday, February 21, 2005"By Dennis LaRueBOARDMAN, Ohio -- At the Park Classic Diner, South Avenue at U.S. 224, the menu is from the 1950s, as is the decor, the servers' uniforms (and diner names), the music (albeit compact discs disguised as 45s in the free juke box).
Meadville Business Owner Sentenced for Tax Evasion
Monday, February 21, 2005HARRISBURG, Pa. -- Elaine Michaels, owner of Lainey's Hallmark Shop Inc., Meadville, Pa., has been sentenced to one year of probation after pleading guilty to 44 counts of state tax offenses, reports state Secretary of Revenue Gregory C. Fajt. On Feb.
Parker Hannifin Acquires Markwel Hose Industries
Monday, February 21, 2005CLEVELAND -- Parker Hannifin Corp. has acquired Markwel Hose Products PVT Ltd., a manufacturer of braided and spiral hydraulic hose products with operations in Mumbai and Hyderabad, India, officials announced recently. Markwel has annual sales of approximately $13 million.Terms of the agreement were not disclosed.