Welcome to the Business Journal Archives
Search for articles below, or continue to the all new BusinessJournalDaily.com now.
Search
Don't Be a Financial Underdog
Sunday, January 16, 2005"The world is full of double messages, such as when magazines run stories about weight loss to attract readers and at the same time fill the pages with ads promoting fatty foods. These publications are using double messages to make money from both the readers and advertisers. Double messages seem to be even more fantastic in the financial world.But that doesn't mean the investing underdog has to get eaten alive by the sharks on Wall Street. All investors, no matter how rich or poor, can protect themselves. All they need is a proper education.
Youngstown Arena Project Boosts Global's Earnings
Sunday, January 16, 2005"YOUNGSTOWN, Ohio-- The Youngstown Convocation Center is already boosting the fortunes of one company -- the one managing its development. Global Entertainment Corp., the Phoenix entertainment and sports management company the city of Youngstown contracted with to develop the $41 million downtown arena, reported Jan. 14 it earned $158,468, or three cents per share, during the quarter ended Nov. 30, compared to loss of $109,728, or three cents per share, for the 2003 period.
Strickland to Columnist Paid by Government: Repay Money
Sunday, January 16, 2005WASHINGTON - The two members of Congress who represent the Mahoning Valley are calling on commentator Armstrong Williams to leave behind the money he was paid by the U.S. Department of Education to promote the Bush Administration's "No Child Left Behind" initiative. U.S. Rep. Ted Strickland of Lisbon, D-6th, and U.S. Rep. Tim Ryan of Niles, D-17th, along with seven other House members, last week sent a letter to the prominent conservative to return the funds to the department.
Strickland to Columnist Paid by Government: Repay Money
Saturday, January 15, 2005"WASHINGTON - The two members of Congress who represent the Mahoning Valley are calling on commentator Armstrong Williams to leave behind the money he was paid by the U.S. Department of Education to promote the Bush Administration's "No Child Left Behind" initiative. U.S. Rep. Ted Strickland of Lisbon, D-6th, and U.S. Rep. Tim Ryan of Niles, D-17th, along with seven other House members, last week sent a letter to the prominent conservative to return the funds to the department.
Caribou Coffee, Cold Stone Creamery Coming to Boardman"
Friday, January 14, 2005BOARDMAN TOWNSHIP, Ohio -- Cold Stone Creamery and Caribou Coffee will open next month at The Market at the Shops, a high-end specialty retail center under development in front of The Shops at Boardman Park, partner-developers Dave Handel, Mike Morley and Chuck Bishara announced yesterday. The partnership, Handel Investments, is overseeing development of the The Market project.Currently the home of Vitamin Shoppe, The Market is a redevelopment of the former Western Auto Building into a multi-tenanted property that combines the architectural features of The Shops.
OfficeMax Sued by Ohio Attorney General
Friday, January 14, 2005COLUMBUS, Ohio -- State Attorney General Jim Petro today filed suit against OfficeMax Inc. for allegedly failing to honor rebates and failing to provide rainchecks when sale items were not in stock. "Stores that use rebates and sales to lure in consumers must honor what they advertise, or they are in violation of Ohio consumer laws," Petro said.Petro's announcement follows the Jan.
Ohio Retirement Funds Granted Lead Plaintiff Status
Friday, January 14, 2005COLUMBUS, Ohio -- A federal judge has selected two Ohio public retirement funds -- Ohio Public Employees Retirement System, State Teachers Retirement System of Ohio -- to lead the class of plaintiffs in pending securities fraud litigation against Fannie Mae (the Federal National Mortgage Association) and some of its executive officers, state Attorney General Jim Petro announced earlier today.Ohio is now the lead plaintiff in lawsuits against each of the nation's federally chartered mortgage lenders, Fannie Mae and Freddie Mac.
Long Term Care in United States Averages $72,240 Per Year"
Friday, January 14, 2005RICHMOND, Va. -- The average cost of long term care in the United States across all services categories was $72,240 in 2004, according to new research by Genworth Financial. The study includes annual costs for in-home care, assisted living facilities and nursing homes and was conducted among 6,000 national providers.Costs in urban areas were 20% higher than non-urban areas, the study found. In certain markets, such as urban areas of New York, California and Minnesota, the cost of care was more than 40% higher than non-urban areas in those states.
Fast Growth CEOs Report New Bank Loans, Increased Credit Lines"
Friday, January 14, 2005NEW YORK -- Fast-growth chief executive officers are continuing to predict a healthy increase in their company's revenues over the next 12 months, according to a third-quarter survey by PricewaterhouseCoopers. Confident and resolute about planned new capital investments, more of them completed new bank loans and boosted their available credit, despite higher interest rates.New bank loans were completed by 19%, up from 15% in the prior quarter.
Mahoning Cuts Scope of Chamber Development Contract
Friday, January 14, 2005By George NelsonYOUNGSTOWN -- Economic development efforts have taken one of the early hits in Mahoning County's financial crisis.Yesterday Mahoning County Commissioners approved a one-year agreement with the Youngstown/Warren Regional Chamber to provide a sharply reduced level of service. Last year commissioners paid the chamber $30,000 to promote economic development across the county.