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Perfecta Products Completes Relocation to Larger Quarters
Friday, January 14, 2005NORTH LIMA, Ohio -- Perfecta Products Inc., the distributor of Zim's Crack Creme, has completed its relocation to larger quarters in North Lima, according to Scott T. Gorley, president of Perfecta and its parent company, Berlin Industries.The move to the 37,400-square-foot office and warehouse space at 131 W.
OfficeMax Sued by Ohio Attorney General
Thursday, January 13, 2005"COLUMBUS, 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
Thursday, January 13, 2005"COLUMBUS, 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"
Thursday, January 13, 2005"RICHMOND, 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.
"Caribou Coffee, Cold Stone Creamery Coming to Boardman"
Thursday, January 13, 2005"BOARDMAN 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.
Perfecta Products Completes Relocation to Larger Quarters
Thursday, January 13, 2005"NORTH LIMA, Ohio -- Perfecta Products Inc., the distributor of Zim's Crack Creme, has completed its relocation to larger quarters in North Lima, according to Scott T. Gorley, president of Perfecta and its parent company, Berlin Industries.The move to the 37,400-square-foot office and warehouse space at 131 W.
"Fast Growth CEOs Report New Bank Loans, Increased Credit Lines"
Thursday, January 13, 2005"NEW 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
Thursday, January 13, 2005"By 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.
Delphi Will Supply Satellite Radios to Ford in 2006
Thursday, January 13, 2005DETROIT -- Delphi Corp. will supply Sirius Satellite Radio receivers to Ford Motor Co. for select 2006 Ford and Lincoln Mercury models beginning this summer, company officials announced at the 2005 North American International Auto Show yesterday. The units will be a factory-installed option on 2006 model-year vehicles, including the Ford F-150, Ford Explorer, Lincoln Mark LT and Mercury Mountaineer and will be offered on additional future models.The new business expands Delphi's supply of audio products to Ford.
Pennsylvania Launches Small Business Growth Lending Program
Thursday, January 13, 2005HARRISBURG, Pa. -- Pennsylvania is partnering with Sovereign Bank to offer up to $250 million in loans to entrepreneurs and growing businesses through the new Pennsylvania Small Business Growth Lending Program, according to Gov. Edward G. Rendell. Effective immediately, Sovereign Bank will provide loans ranging from $250,000 to $2.5 million throughout 2005 for companies with less than $10 million in annual revenues.