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Income Drops at United Community Financial Corp.
Thursday, October 21, 2004YOUNGSTOWN, Ohio -- A higher provision for loan losses dropped third-quarter net income for United Community Financial Corp. (Nasdaq: UCFC) to $3 million, or 10 cents per share, compared to $5.8 million, or 17 cents per share, for the third quarter of 2003. As a result, annualized return on average equity for the third quarter was 4.86%; in 2003's third quarter it was 8.28%, the company reported Wednesday.For the nine months ended Sept. 30, net income was $13.5 million, or 45 cents per share, compared with $17.8 million, or 55 cents per share, for the nine months ended Sept. 30,.
"Cobalt Production Moves Ahead Slowly, But Surely "
Wednesday, October 20, 2004"By Dan O'BrienLORDSTOWN, Ohio -- General Motors Corp.'s Lordstown complex is producing new Chevrolet Cobalts at a rate of about 200 a day, but don't expect to see the vehicles in showrooms anytime before November."We're going to hold them at Lordstown until we've determined they're ready to go to dealers," said Tom Mock, GM Lordstown spokesman. Mock stressed General Motors is focused on manufacturing high-quality cars, and Cobalt is still in the early stages of its launch. "It's a brand new process. The jobs are different, new tooling has been put in -- there's a whole new way of doing this.
"Pay Your Parking Ticket, Subsidize Job Creation"
Wednesday, October 20, 2004"By Dan O'BrienYOUNGSTOWN, Ohio -- City officials are looking to revenue from parking tickets, traffic violations and court fees to expand a loan program designed to entice new businesses to the city and assist existing companies looking to expand.Legislation is being prepared that calls for the city to use non-tax revenue -- that is, money raised by such means as parking receipts, court fees and traffic violations -- as a funding source for the float loan program, said David Bozanich, city finance director, at last night's meeting of council's finance committee."This is a great incentive to b
"Kerry Hunts for Votes, Bags Goose in Molnar's Cornfield"
Wednesday, October 20, 2004"YOUNGSTOWN, Ohio -- After watching his beloved Red Sox upset the New York Yankees last night to win the American League Championship Series, John Kerry was "still giddy," he said."It's hard to focus," he told reporters as he emerged from a cornfield on the Springfield Township farm of Rick and Jill Molnar where he went hunting this morning for Canada geese.Even so, the Democratic presidential candidate's aim was sharp -- he bagged a Canada goose with just one shot when a flock flew overhead about 7:30 a.m.
Workers Offer Sick Excuses for Playing Hooky
Wednesday, October 20, 2004CHICAGO -- More than one-third of U.S. workers say they played hooky from work over the last 12 months and 35% of workers admit to calling in sick when they felt well at least once during the last year, according to CareerBuilder.com's "Out of the Office" survey.In fact, one in 10 respondents reported calling in sick three or more times during the year, the survey found.The top three motivators for faking include attending to personal errands and appointments, catching up on sleep, and simply relaxing.
Jobs Lost to Outsourcing Underestimated, Study Concludes"
Wednesday, October 20, 2004ITHICA, N.Y. -- A new report to a bipartisan congressional commission documented 48,417 U.S. jobs outsourced to other countries or publicly announced as being scheduled for outsourcing from January through March 2004. The authors believe, however, that their methodology only captures one-third of all production shifts in most cases. If true, this would bring the actual number of jobs lost to outsourcing in 2004 to 406,000 by year's end compared with 204,000 in 2001.The U.S.
Presidential Race Tightens Again, Kerry's Image Improves"
Wednesday, October 20, 2004WASHINGTON -- The latest poll from the Pew Research Center, released today at 4 p.m., coincides with the daily Zogby/Reuters Tracking Poll: The presidential race is tied.The survey of 1,307 registered voters, conducted Oct. 15 to Oct. 19, finds President George W. Bush and Sen. John Kerry tied at 45%-45% among registered voters, and 47%-47% among likely voters. These findings represent a gain in support for the Democratic challenger since early October, when he trailed the president among both likely and registered voters.
Ask the Kids Who Will Win -- Nickelodeon Did
Wednesday, October 20, 2004NEW YORK -- And now, the poll that counts. OK, it's not Election Day, but for some 400,000 American children it's the only ballot they'll cast.The Nickelodeon cable network yesterday conducted its 'Kids' Vote' -- a tradition since 1988. The nation's children have correctly predicted in the the winner of the last four presidential campaigns, the network noted.And this year's winner? Sen. John Kerry, with 57% of the kids' vote compared to 43% for President George W.
Diebold Nets $48.32 Million for Third Quarter
Wednesday, October 20, 2004NORTH CANTON, Ohio -- Diebold, Inc. today reported third quarter 2004 net income of $48.32 million and diluted earnings per share of 67 cents compared to diluted earnings per share of 66 cents in the third quarter of 2003.
Credit Unions to Celebrate International Credit Union Day
Wednesday, October 20, 2004DUBLIN, Ohio -- Credit unions across Ohio and around the world will commemorate International Credit Union Day on Oct. 21, according to the Ohio Credit Union League. Ohio's more than 500 credit unions and 2.8 million members will celebrate the unique service credit unions provide and the many ways families and communities have benefited from the credit union difference.Currently, more than 123 million people worldwide belong to more than 40,000 credit unions.