Events Calendar
In This Section
Matsos bottling a dressing that’s selling in 25 states
Economic survey: Job losses to bottom out in first quarter
Ohio gas prices up 12 cents from last week
SCORE offers wide variety of workshops
After 30 years at the helm of Akron Children's, Considine still looks to future
New version of Mozilla Thunderbird landing soon
Most Read Stories
Police accuse bank robbery suspect of gobbling up note (with dashcam video)
Victim of beating in Kent last week is declared dead at Akron hospital
Akron man killed in crash on his street
Browns find another way to lose
Can DNA tests free ex-Akron captain?
Dad accused of forcing son into field, killing him
Man found dead in North Akron home is identified
Blogs:
Pets:
Cat-loving chihuahua suckles seven abandoned kittens
The Heldenfiles:
Sunday Notebook
Patrick McManamon:
Browns sick after sick loss in Detroit
Akron Zips:
Zips advance to Sweet Sixteen
Tribe Matters:
Seven players added to Tribe’s 40-man roster
Cleveland Browns:
Post-game defensive quotes
Kent State Sports:
Kent State defeats Rochester College, 63-44
Cleveland Cavaliers:
Gameblog: Cavs vs. Philadelphia 76ers
Buckeye Blogging:
OSU – Michigan college football rivals meet in Baghdad
Varsity Letters:
Four area football teams play tonight
All Da King's Men:
Blog of Mass Destruction:
Will Health Care Reform Pass?
Akron Law Café:
Health Care Financing Reform: (70) Savings in Medicare Advantage
See Jane Style:
Vintage Chic
Car Chase:
TIME TO GET YOUR COLLECTOR CARS WINTERIZED
Let's Talk Real Estate:
Faye Dunaway to be Evicted?
Ohio Travels with Betty:
Monique asks how to get tickets for the Polar Express.
Sound Check:
Steely Dan Plays "The Royal Scam" at E.J. Thomas Hall
HRLite House:
Personal Rant – You are All Wrong About Jobs, or the Lack of Jobs, Being the Reason People Do Not Live in NEO
Akron Gamer:
Nintendo's Mario endures even as games come and go
Published on Wednesday, Aug 06, 2008
Ford to pay fine
on Brook Park plant
Ford Motor Co. will pay a $1.4 million fine to the state for failing to upgrade pollution controls at its Cleveland Casting Plant in Brook Park, the Ohio Environmental Protection Agency announced Tuesday.
The automaker and the state reached a settlement after Ford stopped building and installing a cleaner furnace system. Ford in 2007 said it plans to shutter the casting plant in 2010.
Emissions at the casting plant have decreased in recent years as operations there have been winding down, the Ohio EPA said.
Wendy's earnings
miss expectations
Wendy's International Inc. reported lower second-quarter profits on expenses from restructuring and a special committee formed a year ago to seek a possible sale. The results missed Wall Street expectations.
Wendy's earned $19.9 million, or 22 cents per share, down from $29.3 million, or 33 cents per share, a year ago. Revenue edged lower to $632 million from $633 million.
Schaeffler to press
Continental AG offer
Schaeffler Group, the family owned ball-bearing maker bidding to take over German tire company Continental AG, said Tuesday any measures intended to block its offer, such as a share sale, would be ''unjustifiable.'' Continental acquired General Tire of Akron years ago and owns a factory in Mount Vernon, Ill.
Cablevision Systems
might sell holdings
Nine months after shareholders rejected the Dolan family's latest bid to take Cablevision Systems Corp. private, the cable operator said it is considering options to sell some of its diverse holdings.
Analysts consider its cable franchise, which serves the affluent New York suburbs, one of the best in the business. The unit is the country's fifth-largest cable system and accounts for 75 percent of company revenue.
The company runs several cable television stations, including AMC, IFC and WE tv, as part of its Rainbow Media Holdings LLC unit.
The company also owns Madison Square Garden and the three sports teams that play there: basketball's New York Knicks and New York Liberty, and hockey's New York Rangers.
Drop in oil helps
Bridgestone shares
Shares of Bridgestone Corp., the world's largest tire maker by sales, rose the most in two months in Tokyo after the price of crude oil dropped. Bridgestone rose as much as 4.5 percent. Yokohama Rubber Co., Japan's second-largest tire maker, rose as much as 4.2 percent.
Analysts predict
automaker default
One of America's three biggest automakers is almost certain to default within the next five years, according to a UniCredit SpA analysis of the market for credit-default ''swaps.''
Contracts to insure $10 million of General Motors Corp. debt cost a record $4.7 million up front plus $500,000 a year, indicating an 84 percent chance of default, while Ford Motor Co. has at least a 75 percent risk, according to UniCredit data. Combined with Chrysler LLC, the probability that one of the three will be unable to fund its business is more than 95 percent.
''There might be a default at any time,'' said Jochen Felsenheimer, the Munich-based head of credit strategy at UniCredit of Europe.
Malaysia says levy
on workers is $32
Malaysia's government rejected reports that foreign workers at a garment factory contracted by Nike Inc. were mistreated and had their wages garnisheed. The 1,145 workers from Bangladesh, Vietnam and Myanmar are each paid between 840 and 1,500 ringgit ($262 and $469) a month, with only 100 ringgit ($32) deducted for an immigration levy, a human resources minister said.
Nike said many of the migrant labors paid a fee to agents in their home country to get the jobs, but once in Malaysia, the factory took their passports and withheld their wages to repay a government levy.
Ford to pay fine
on Brook Park plant
Get the full article here.
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