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Valley's Cost of Living Remains Low
Tuesday, December 14, 2004YOUNGSTOWN, Ohio -- The cost of living in the Youngstown-Warren region was 8.5% below the national average during the third quarter of 2004, according to the just-released Cost of Living Index compiled by the American Chamber of Commerce Research Association. The survey covers 324 urban areas in the United States and Canada.The Index measures differences in the cost of consumer goods and services and is based on more than 60 items grouped into six categories: groceries, housing, utilities, transportation, healthcare and miscellaneous goods and services.
China Could One Day Pass United States as Major Economic Power
Tuesday, December 14, 2004COLUMBUS, Ohio -- The rise of the Chinese economy in the 21st century is reminiscent of that of another country, says Oded Shenkar. And that country isn't Japan or some of its Asian neighbors in the 1980s -- it is the United States a century ago.Shenkar, a professor of management and human resources at The Ohio State University's Fisher College of Business, is author of The Chinese Century: The Rising Chinese Economy and its Impact on the Global Economy, The Balance of Power, and Your Job (Wharton School Publishing, 2005).
Healthy Job Market Predicted for Warren/Youngstown Area
Monday, December 13, 2004"WARREN, Ohio -- Warren/Youngstown area employers expect to hire at a strong pace during the first quarter of 2005, according to the Manpower Employment Outlook Survey. From January to March, 23% of the companies interviewed plan to hire more employees, while 3% expect to reduce their payrolls, according to Manpower district manager Dennis Yurco.
China Could One Day Pass United States as Major Economic Power
Monday, December 13, 2004"COLUMBUS, Ohio -- The rise of the Chinese economy in the 21st century is reminiscent of that of another country, says Oded Shenkar. And that country isn't Japan or some of its Asian neighbors in the 1980s -- it is the United States a century ago.Shenkar, a professor of management and human resources at The Ohio State University's Fisher College of Business, is author of The Chinese Century: The Rising Chinese Economy and its Impact on the Global Economy, The Balance of Power, and Your Job (Wharton School Publishing, 2005).
Valley's Cost of Living Remains Low
Monday, December 13, 2004"YOUNGSTOWN, Ohio -- The cost of living in the Youngstown-Warren region was 8.5% below the national average during the third quarter of 2004, according to the just-released Cost of Living Index compiled by the American Chamber of Commerce Research Association. The survey covers 324 urban areas in the United States and Canada.The Index measures differences in the cost of consumer goods and services and is based on more than 60 items grouped into six categories: groceries, housing, utilities, transportation, healthcare and miscellaneous goods and services.
Traveline Opens Customer Center at Akron-Canton Airport
Monday, December 13, 2004"GREEN, Ohio -- Traveline Travel, headquartered in Mentor, Ohio, is now offering on-the-spot travel services to passengers using Akron-Canton Airport, according to Fred Krum, airport director. Services include airline tickets, cruise packages, rental car and hotel accommodations as well as wi-fi wireless mobile travel technology. Airport travelers also can surf the Web or check e-mail at the interactive Traveline Customer Care desk next to the US Airways ticket counter in the ticketing lobby.
Online Shoppers Spend $12.7 Billion to Date
Monday, December 13, 2004"ROCHESTER, N.Y. -- As of the end of last week, 27% of online consumers say they've finished their holiday shopping, compared to 31% during the same timeframe in 2003, according to the latest Holiday eSpending Report from Goldman, Sachs & Co., Harris Interactive and Nielsen//NetRatings. So far, the consumers have spent $12.7 billion online to date excluding travel.Some 23% have not yet begun their holiday shopping, while 50% have started but have not completed their holiday gift buying, the survey found.
Cuno Nets $9 Million in Fourth Quarter
Monday, December 13, 2004"MERIDEN, Conn. -- Fourth-quarter sales of $103.5 million at Cuno Inc. set a new record and are up 34% from the same period in 2003, officials reported yesterday. Net income for the fourth quarter increased by 18% to $9 million. Diluted earnings per share for the current period were a record 52 cents, up 18% compared to the prior year quarter."We achieved double-digit sales growth in each of our primary markets, including Potable Water, Healthcare and Fluid Processing," said Mark G. Kachur, chairman and chiefe executive officer.
Oscar-Winner Urges YSU Graduates to Make Their Own Decisions
Monday, December 13, 2004YOUNGSTOWN, Ohio -- Perseverance is the best way to achieve success, according to Oscar winner and two-time Grammy award nominee Maureen McGovern.McGovern, a Youngstown native, received an honorary doctor of music degree and gave the keynote address during Youngstown State University's fall commencement exercises Sunday afternoon.Her second cousin once removed, Mollie McGovern, producer of "WFMJ Today," received an master's in business administration during the ceremony and served as student speaker.Both women said they learned only recently that the other would also be addressing the class of
Retail Sales Profitability Remains a Concern
Monday, December 13, 2004NEW YORK -- With few exceptions, November sales were modestly disappointing, causing many retailers to increase promotional activity and some to lower earnings guidance, according to the Retail Outlook: Holiday 2004 Update from the Equity Research Services at Standard & Poor's.Still, S&P's equity analysts believe that, with December representing as much as 50% to 55% of fourth quarter sales for some retailers, the season is far from lost. Early December results (for the week ended Dec.