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A. Schulman CEO recounts working to turn company around before recession hit
Natural gas plunges 15 percent this month
Region's stocking full of ideas for those on the prowl for holiday gifts
Ohio unemployment rate rises to 10.5 percent in October
Seeking 'power shoppers' on Black Friday hunt
Download available to try Microsoft Office 2010
Michelin might double car-tire plant in Russia
Facing more uncertainty, investors leave stocks for safer alternatives
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NFL star Chris Spielman's wife loses cancer battle
Man found dead in North Akron home is identified
Dad accused of forcing son into field, killing him
Coventry man killed in crash at I-77 ramp
Poor machine maintenance blamed for fire at Akron business
College student mistaken for deer, shot to death
Indians add 7 players to 40-man roster
Man allegedly paid teens to spit in his face
Body with gunshot wounds found in Canton Township creek
Blogs:
Pets:
Sick Pets Get High-tech Health Care
The Heldenfiles:
Friday Night Notebook
Patrick McManamon:
The proposed new LeBron mural doesn't do it for me
Akron Zips:
Preview — Akron vs. Bowling Green
Tribe Matters:
Seven players added to Tribe’s 40-man roster
Cleveland Browns:
Hey, somebody's gotta stick up for the Browns
Kent State Sports:
Singletary update
Cleveland Cavaliers:
Gameblog: Cavs at Indiana Pacers
Buckeye Blogging:
OSU – Michigan college football rivals meet in Baghdad
Varsity Letters:
Bowling season starts today
All Da King's Men:
Attention Haters, Palin And Hannity Together
Blog of Mass Destruction:
Muslim McCarthyism & Death Prayers
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:
Norma asks if Barkitecture is still at Stan Hywet.
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 Friday, Jul 18, 2008
Merck to settle
Vioxx lawsuits
Merck & Co. will start issuing checks for former users of its withdrawn painkiller Vioxx next month after announcing Thursday that it will fund a $4.85 billion settlement expected to resolve roughly 50,000 lawsuits.
The decision marks the beginning of the end of the four-year legal saga, which began when cardiovascular side effects forced Merck to pull Vioxx off the market in 2004, triggering tens of thousands of lawsuits, sullying its reputation and forcing out its chief executive.
Energy prices fall;
stocks extend rally
Wall Street shot higher Thursday, extending its rally into a second session as tumbling energy prices bolstered an already upbeat mood that followed stronger-than-expected quarterly reports from big names like JPMorgan Chase and United Technologies. The Dow Jones industrial average rose 207.38 points, bringing its two-day advance to more than 480 points.
Investors got a double dose of good news after weeks of angst about the economy. Oil fell $5.31 to settle at $129.29 a barrel; it has dropped more than $15 in the past three sessions.
And early Thursday, three components of the Dow industrials — JPMorgan Chase & Co., United Technologies Corp. and Coca-Cola Co. — issued comments that generally indicated that their businesses are holding up despite sometimes difficult economic conditions.
Sherwin-Williams
profit down 15%
A weak housing market and higher material costs dragged Sherwin-Williams Co.'s second-quarter profit down 15 percent, the paint maker said. The company said it would raise prices for the third time this year.
Cleveland-based Sherwin-Williams also forecast that the still-souring housing sector would hamper its third-quarter results. But revenue and net income still managed to beat Wall Street forecasts.
The company earned a better-than-expected $171.7 million, or $1.45 per share, in the period ending June 30. That's down from a profit of $202.6 million, or $1.52 per share, in the same quarter last year. Revenue grew 1 percent to $2.23 billion, from $2.2 billion last year.
Cement producer,
Timken reach deal
Timken Co. of Canton announced a deal to supply bearings for vertical rolling mills operated by India's second-largest cement producer. Terms were not disclosed.
Merck to settle
Vioxx lawsuits
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