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Loss of Health Benefits Tops Anxiety Index
Friday, June 25, 2004UTICA, N.Y. -- Small investors say they would be more likely to unload their stocks if they lost their health care benefits than if the United States suffered another major terrorist attack within its borders.The Investor Anxiety-Confidence Index by Wall $treet Week with Fortune/Zogby International, found that 51% of voters who are investors say they would change their investment strategy if they lost their health care benefits.
Ryan Wants Benefits for Locked Out RMI Workers
Friday, June 25, 2004WASHINGTON -- U.S. Rep. Tim Ryan, D-17 Niles, yesterday introduced legislation that would allow locked out workers to remain eligible for benefits through the Trade Adjustment Assistance (TAA) program. The legislation is a direct result of the lockout at RMI Titanium in Niles, where some 170 union members have been off the job since late October.Under current law, if a worker is laid off due to the effects of international trade, he or she may be deemed eligible to receive TAA benefits such as income support, relocation allowances, job search allowances, and a health coverage tax credit.
Marketers Who Send Junk Mail Not Welcome, Group Claims"
Friday, June 25, 2004TAKOMA PARK, Md. -- This Sunday being the anniversary of the National Do Not Call Registry, the Center for a New American Dream is using the occasion to ask Congress to commission another registry that would let citizens opt out of junk mail. "At long last, Americans can eat dinner free from the incessant harangue of telemarketers," said New Dream President Betsy Taylor. "We should also be able to open our mailboxes with similar peace-of-mind. Let's face it -- how many Americans actually want junk mail?
Medical Malpractice Roundtable: Lawyers' Rebuttal Offers Second Opinions
Friday, June 25, 2004From Our Print EditionYOUNGSTOWN, Ohio -- The Business Journal recently published a three-part roundtable discussion on the high cost of medical malpractice insurance.The first two parts of The Business Journal'sroundtable discussion on the causes and effects of escalating medicalmalpractice insurance premiums were published in the MidMay and Juneeditions of The Business Journal.
Taft Recognizes Ohio Exporters
Friday, June 25, 2004COLUMBUS -- Two Columbiana County firms were among 26 Ohio businesses and organizations Gov. Bob Taft recognized for their success in exporting.The 25 recipients of Governor's Excellence in Exporting Award included Magneco/Metrel Inc. in Negely and Redex Industries in Salem. The Will-Burt Company based in Orrville, received the 2004 Exporter of the Year Award."Ohio is an export leader in the highly competitive global economy," Taft said.
Salary Hikes Unchanged from 2003, Conference Board Finds"
Friday, June 25, 2004NEW YORK -- A sense of caution prevails in the U.S. business community that has resulted in budgets for salary increases remaining virtually the same as last year, The Conference Board reported Thursday."Although U.S. business continues to rebound from the economic downturn, companies are still paying close attention to cost control," says Charles Peck, The Conference Board's compensation specialist.
Value of New Stock Option Grants for CEOs Declines Sharply
Friday, June 25, 2004WASHINGTON -- The value of new stock option awards granted the chief executive officers of large companies declined nearly 60% between 2001 and 2003. The decline, however, was softened by a sharp increase in restricted stock and long-term incentive award values as well as a dramatic increase in the "in-the-money" value of unexercised stock options from historical grants, a new proxy analysis by Watson Wyatt & Co. finds.
Business Roundtable Urges Fight Against Bribery, Corruption"
Friday, June 25, 2004NEW YORK -- Hank McKinnell, chairman of Business Roundtable and chairman and chief executive officer of Pfizer Inc., yesterday called on the private sector, government and international organizations to renew the battle against bribery and corruption throughout the world, or face continued impediments to vibrant economic growth.McKinnell spoke before 400 top executives and government ministers at the United Nations. In his speech, McKinnell asked for an international initiative against bribery and corruption, which is high on the Business Roundtable agenda for economic growth.
Discussions Begin with New Carrier for Regional Airport
Friday, June 25, 2004By Dan O'BrienVIENNA, Ohio -- The board that runs the Youngstown-Warren Regional Airport has approved additional funds for the operation and promotion of another potential passenger service.The Western Reserve Port Authority Wednesday approved $150,000 that would be used as a guarantee to help an unidentified air carrier base flights from the airport."I'd rather not elaborate since we're in discussions right now," said Steve Bowser, airport interim director of aviation.
National City Celebrates 'Financial Freedom Week'
Friday, June 25, 2004YOUNGSTOWN, Ohio -- National City Bank's 17 branches in Trumbull and Mahoning counties next week will offer bank customers and visitors free financial consultations on planning for retirement. The consultations are part of a new promotion the bank calls "financial freedom week." Each branch will designate one day next week as a customer appreciation day and provide free hotdogs and other refreshments. Donations made by customers will be sent to the Second Harvest Food Bank in Mahoning County and to Door Post Ministries Inc.