Events Calendar
In This Section
High-tech company expands downtown
Folgers coffee perks up Smucker earnings
Region's stocking full of ideas for those on the prowl for holiday gifts
Ohio sues credit-rating companies
Study tracks newspaper, online readership
Michelin chief says revenue won't increase
Most Read Stories
Police accuse bank robbery suspect of gobbling up note (with dashcam video)
Man found dead in North Akron home is identified
Dad accused of forcing son into field, killing him
NFL star Chris Spielman's wife loses cancer battle
Coventry man killed in crash at I-77 ramp
College student mistaken for deer, shot to death
Man allegedly paid teens to spit in his face
Retired firefighter who broke color barrier among those being honored
Angel Food Ministries helps stretch grocery dollars
Blogs:
Pets:
Cat-loving chihuahua suckles seven abandoned kittens
The Heldenfiles:
Friday Night Notebook
Patrick McManamon:
For your Saturday entertainment …
Akron Zips:
Two blowouts, one night
Tribe Matters:
Seven players added to Tribe’s 40-man roster
Cleveland Browns:
Holmgren expresses interest in Browns position
Kent State Sports:
Singletary update
Cleveland Cavaliers:
Gameblog: Cavs at Indiana Pacers – Here’s to LBJ and Free Throws
Buckeye Blogging:
OSU – Michigan college football rivals meet in Baghdad
Varsity Letters:
Bowling season starts today
All Da King's Men:
Headed For Disaster
Blog of Mass Destruction:
Will Health Care Reform Pass?
Akron Law Café:
Federal Judge Declares DOMA Unconstitutional
See Jane Style:
Vintage Chic
Car Chase:
TIME TO GET YOUR COLLECTOR CARS WINTERIZED
Let's Talk Real Estate:
Silverdome Potentially SOLD!
Ohio Travels with Betty:
George is looking for a Thanksgiving buffet in Akron.
Sound Check:
Steely Dan Plays "The Royal Scam" at E.J. Thomas Hall
HRLite House:
Colloquium at University of Akron
Akron Gamer:
Nintendo's Mario endures even as games come and go
Published on Wednesday, Dec 19, 2007
Hedge fund piles up shares of Goodyear
Hedge fund firm Eton Park Capital Management LP has raised its stake in Goodyear Tire & Rubber Co. to 7.7 percent.
The firm is the biggest shareholder in Goodyear, according to research by Bloomberg News. Eton Park held 16.2 million shares, a regulatory filing showed Tuesday. That's an increase from the 4.9 million shares, or 2.3 percent, it held through Sept. 30.
Eton Park, based in New York, was founded by Eric Mindich, who oversees about $10 billion invested in stocks and distressed debt, plus private-equity investments in developing countries.
FirstEnergy boosts
dividend 10 percent
FirstEnergy Corp.'s board of directors declared a quarterly dividend of 55 cents per share on its common stock Tuesday.
The dividend was a 10 percent increase from the previous payout of 50 cents per share. The dividend is payable on March 1 to shareholders of record Feb. 7.
Since 2005, the company's indicated annual dividend rate has increased 47 percent, from $1.50 to $2.20.
High-margin items fuel Best Buy profit
Electronics retailer Best Buy Co. said its quarterly profit jumped 52 percent, boosted by an extra week of holiday shopping and sales of higher-margin items, such as video game consoles and GPS devices.
Goldman Sachs
reports earnings up
After paying preferred dividends, Goldman Sachs Group Inc. said its fiscal fourth-quarter earnings rose to $3.17 billion, or $7.01 per share, from $3.10 billion, or $6.59 per share a year earlier. Fees from underwriting and stock trading by the investment bank drove revenue to $10.74 billion in the quarter that ended Nov. 30, up from $9.41 billion.
Pa. government OKs
sale of Manor Care
The Pennsylvania Health Department approved the $6.3 billion sale of one of the nation's largest nursing-home chains to private equity firm The Carlyle Group, despite concerns raised by that state's largest health-care union.
Manor Care Inc. of Toledo also is one of the largest nursing home providers in Ohio, with 44 facilities and almost 5,300 beds. It operates under the Heartland, ManorCare Health Services and Arden Courts names and has about 600 employees in the Akron area. The company owns one ManorCare Health Services nursing home each in Akron, Barberton and Canton; an Arden Courts nursing home in Akron; and a small Akron branch office of its Heartland Hospice Services.
The Service Employees International Union, which mounted a nationwide campaign against the sale, contends that regulatory approval is pending in Ohio and seven other states.
FCC ends limit
on media ownership
The Federal Communications Commission overturned a 32-year-old ban by voting to allow broadcasters in the 20 largest U.S. media markets to also own a newspaper in the market.
FCC Chairman Kevin Martin pushed the 3-2 vote through despite intense pressure from members of Congress to delay it. The chairman, however, has the support of the White House, which has pledged to turn back any congressional action that seeks to undo the vote.
GM offers buyouts to 5,200 nationwide
General Motors Corp. is offering buyouts and retirement incentives to 5,200 hourly workers represented by the United Auto Workers.
More than 34,000 GM workers left last year by way of retirement or buyouts, he said.
The program will be offered to all UAW-represented hourly employees nationwide.
Low-fare Columbus airline has initial loss
Skybus, the Columbus airline that offers some tickets for $10, lost $16 million in the quarter that ended Sept. 30. The airline, which started flying in May, said it expected to lose money this year and become profitable next year.
Hedge fund piles up shares of Goodyear
Get the full article here.
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