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"Middlefield Banc Corp. Nets $685,000 for First Quarter"
Monday, April 19, 2004"MIDDLEFIELD, Ohio -- Middlefield Banc Corp. reports first quarter net income of $685,000, or 56 cents per diluted share, compared to $653,000, or 53 cents per diluted share, in the first quarter of 2003.Middlefield Banc Corp.'s first quarter 2004 results reflect a return on average assets of 1.02% and a return on average equity of 11.46%.
"First Niles Financial Nets $260,000"
Monday, April 19, 2004"NILES, Ohio -- First Niles Financial Inc., the holding company for Home Federal Savings and Loan Association of Niles, last week reported net income of $260,000 for the first quarter of 2004, a decrease of $14,000 from the first quarter of 2003. The return on average assets for the three months ended March 31 was 1.04% compared to 1.09% in the same quarter one year prior.
"Novocell Semiconductor to Expand, Add 35 Jobs in Hermitage"
Monday, April 19, 2004"HERMITAGE, Pa. -- Novocell Semiconductor will expand its operation at a site within Linden Pointe Innovative Business Campus here, creating 35 jobs and retaining five, Gov. Edward G. Rendell announced during a visit here today.Novocell Semiconductor, headquartered in the Pittsburgh Digital Greenhouse, provides memory products to the semiconductor industry. The company's non-volatile memory technology increases the speed and efficiency of the chip design process, giving semiconductor designers the ability to develop cutting edge components.
GM, Ford to Build New Front-Wheel-Drive Transmission"
Monday, April 19, 2004DETROIT -- Ford Motor Co. and General Motors Corp., two of the world's largest automakers, today jointly announced a $720 million investment in their plants to build an all-new, fuel-saving, 6-speed front-wheel-drive automatic transmission. More than 1,100 jobs will be retained as a result.The transmission, initially announced in October 2002, will be jointly designed, engineered and tested by the automakers.
YSU Breaks Ground on $12.1 Million Student Rec Center
Monday, April 19, 2004YOUNGSTOWN, Ohio -- After more than a decade of student-led initiatives, fund-raising and planning, Youngstown State University broke ground today for construction of the $12.1 million Andrews Student Recreation and Wellness Center.The 65,000-square-foot facility -- almost the size of two football fields -- will be the first recreation center at a public university in Ohio built entirely with private funds.The center, which will feature a fitness center, climbing wall, racquetball courts and a jogging track, will be open by the start of fall semester 2005."It's tremendous for the campus,&
Bull Market Boosts 401(k) Assets to Record Level
Monday, April 19, 2004SIMSBURY, Conn. -- Assets in 401(k) plans increased 22% in 2003, reaching a record $1.795 trillion and reversing a three-year decline, according to the latest Marketplace Update report from the Society of Professional Administrators and Recordkeepers. "What a difference a year makes," says Bob Wuelfing, society president.
$1.9 Million Welcome Center at Hocking Hills Park Dedicated
Monday, April 19, 2004COLUMBUS, Ohio -- A new Campground Welcome Center at Hocking Hills State Park in Hocking County was dedicated recently, reports the Ohio Department of Natural Resources. The center is part of an $8.7 million commitment to the Hocking Hills region by the administration of Gov. Bob Taft."Hocking Hills State Park, along with nearby Conkle's Hollow State Nature Preserve and Hocking State Forest are among Ohio's premier outdoor recreation destinations," Taft said at the ribbon-cutting ceremony.
National City Nets $710 Million in First Quarter
Monday, April 19, 2004CLEVELAND -- National City Corp. recently reported first quarter 2004 net income of $710 million, or $1.16 per diluted share, up 10% from $1.05 per diluted share, for the first quarter of 2003. Returns on average common equity and assets were 29.58% and 2.61%, respectively."The first quarter reflects favorable results across all of National City's businesses," says David A. Daberko, chairman and chief executive officer.
Hagan Seeks to Tighten State Auditing Procedures
Monday, April 19, 2004COLUMBUS, Ohio -- State Sen. Robert Hagan is urging Gov. Bob Taft to require stricter auditing and enforcement of corporate tax laws within the Department of Taxation. The request comes as House and Senate majority leaders plan to unveil a tax reform proposal in the General Assembly. In correspondence sent to the Governor's office last Thursday, Hagan cited the dwindling state revenue brought in from the Ohio Corporate Franchise Tax, the state's tax on corporate profits as a primary reason for Ohio's current budget deficits.
YSU Creates Four PACER Centers
Monday, April 19, 2004YOUNGSTOWN, Ohio -- Youngstown State University is providing $328,500 in funding for four new centers of excellence that cover disciplines ranging from hydraulics and the environment to advanced numerics and electromagnetics, officials reported today. The four new Presidential Academic Centers for Excellence in Research were announced recently by Peter J.