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Delphi Projects $77M Loss this Year, $350M Next Year"
Friday, December 10, 2004TROY, Mich. -- Delphi Corp. today said it could lose as much as $77 million this year -- and possibly as much as $350 million in 2005.The company blamed the sharp downturn on low production volumes and commodity price increases. As a result, 8,500 hourly workers will be cut from its global work force -- 3,000 in the United States -- and the long-term viability of three U.S. manufacturing facilities will be evaluated.The facilities are the Kettering and Home Avenue / Vandalia plants in Ohio and the Laurel, Miss., plant.Delphi's Packard Electric Division is based in Warren, Ohio.
Briarfield to Build Austintown Assisted Living Facility
Friday, December 10, 2004AUSTINTOWN -- Briarfield Health Care Centers will open The Victoria House, a new 41,000-square-foot assisted living center, next summer.A ceremonial groundbreaking for the facility, named in honor of the owners' mother, Victoria DePizzo of Girard, will be held Dec.
Sarbanes-Oxley Force to Be Reckoned With in Boardroom
Friday, December 10, 2004NEW YORK -- Two years after the introduction of the Sarbanes-Oxley Act of 2002, corporate reform continues to impact corporate directors, according to a recent study by Corporate Board Member magazine and PricewaterhouseCoopers LLP.The third annual "What Directors Think" study measures the opinions of directors and chief executives of the top 2,000 publicly traded companies.As boards' time demands continue to increase, the unofficial title of "professional director" in which individuals sit on six or more board is quickly fading.
Chevy Cobalts Go on Parade in Pittsburgh
Friday, December 10, 2004PITTSBURGH -- Seventy Lordstown-built Chevrolet Cobalts, accompanied by a police escort, completed a 20-mile charity poker run here Dec. 8 that will provide $15,000-worth of gifts for underprivileged children.The Pittsburgh area Chevrolet Dealers Association sponsored the event, which began at the Chevrolet Amphitheater at Station Square.The caravan visited several Toys R Us stores to collect gifts for the U.S.
Ohio Central Ready to Run Bankrupt Short Line Next Week
Friday, December 10, 2004By Dennis LaRue EAST LIVERPOOL, Ohio -- The Central Columbiana & Pennsylvania Railroad, the short line that runs from Youngstown to Darlington, Pa., will be under new management next week, that of the Ohio Central Railroad System.The Columbiana County Port Authority, which owns the short line, Thursday approved the "settlement and compromise agreement" the Dardanelle & Russellville Railroad reached with U.S. bankruptcy court trustee Richard L. Cox to allow orderly transfer of management of the 36-mile line.The D&R is headquartered in Russellville, Ark.
Area Car Dealers Move Over 4,000 Vehicles in November"
Friday, December 10, 2004VIENNA, Ohio -- Mahoning Valley auto dealers sold 4,416 vehicles in November, according to the Automobile Dealers Association of Eastern Ohio's monthly report. Dealers sold 1,513 new cars and 766 new trucks for the month, and 1,586 used cars and 551 used trucks. Auto dealers report selling 53,772 vehicles so far this year, down from 54,712 for the first 11 months of 2003. Youngstown Buick/Pontiac/GMC led Mahoning County and the three-county region in sales for the month, selling 343 vehicles in November.
Consumer Reports Launches Best Buy Drugs Web Site
Friday, December 10, 2004WASHINGTON The Consumers Union, publisher of Consumer Reports magazine, this week launched an educational initiative and Web site, www.CRBestBuyDrugs.org, that will compare a variety of prescription drugs on price, effectiveness and safety. The first reports to be released compare drugs in three widely-used categories: cholesterol-lowering medication, heartburn and acid reflux treatments, and anti-inflammatories commonly used to treat arthritis. The site eventually will compare approximately 20 categories of the most widely used drugs based on price and scientific evidence.
Ohio Central Ready to Run Bankrupt Short Line Next Week
Thursday, December 09, 2004"By Dennis LaRue EAST LIVERPOOL, Ohio -- The Central Columbiana & Pennsylvania Railroad, the short line that runs from Youngstown to Darlington, Pa., will be under new management next week, that of the Ohio Central Railroad System.The Columbiana County Port Authority, which owns the short line, Thursday approved the "settlement and compromise agreement" the Dardanelle & Russellville Railroad reached with U.S. bankruptcy court trustee Richard L. Cox to allow orderly transfer of management of the 36-mile line.The D&R is headquartered in Russellville, Ark.
Chevy Cobalts Go on Parade in Pittsburgh
Thursday, December 09, 2004"PITTSBURGH -- Seventy Lordstown-built Chevrolet Cobalts, accompanied by a police escort, completed a 20-mile charity poker run here Dec. 8 that will provide $15,000-worth of gifts for underprivileged children.The Pittsburgh area Chevrolet Dealers Association sponsored the event, which began at the Chevrolet Amphitheater at Station Square.The caravan visited several Toys R Us stores to collect gifts for the U.S.
Sarbanes-Oxley Force to Be Reckoned With in Boardroom
Thursday, December 09, 2004"NEW YORK -- Two years after the introduction of the Sarbanes-Oxley Act of 2002, corporate reform continues to impact corporate directors, according to a recent study by Corporate Board Member magazine and PricewaterhouseCoopers LLP.The third annual "What Directors Think" study measures the opinions of directors and chief executives of the top 2,000 publicly traded companies.As boards' time demands continue to increase, the unofficial title of "professional director" in which individuals sit on six or more board is quickly fading.