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Matsos bottling a dressing that’s selling in 25 states
Economic survey: Job losses to bottom out in first quarter
Ohio gas 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
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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
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
Browns find another way to lose
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:
The Sunday Sanity Challenge
Blog of Mass Destruction:
Will Health Care Reform Pass?
Akron Law Café:
Health Care Financing Reform: (69) The Brookings Institute Study on "Bending the Curve" – Four General Strategies
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
By Beacon Journal staff and wire services
POSTED: 02:33 p.m. EDT, Aug 22, 2008
Goodyear Tire & Rubber Co. won federal court approval today for its plan to create a health-care trust for union retirees.
The largest U.S. tire maker, based in Akron, said it will make a one-time, $1 billion payment to the United Steelworkers union fund to cover future costs.
The payment will be made initially from existing cash reserves and available credit lines, Goodyear said.
Creation of the Voluntary Employees' Beneficiary Association, or VEBA, will result in annual savings of about $100 million and boost annual cash flow by about $130 million compared with 2007, Goodyear said.
''Gaining court approval for the VEBA is a win-win for Goodyear and for our current and future USW retirees,'' Chief Executive Officer Robert J. Keegan said in a statement. ''This agreement both protects retiree benefits for years to come and removes a significant legacy obligation from our North American business.''
United Steelworkers Local 2 President Peter Stamich deferred questions to the union's international headquarters personnel in Pittsburgh. Officials there said they were reviewing the court approval and would have a comment later.
Goodyear Tire & Rubber Co. won federal court approval today for its plan to create a health-care trust for union retirees.
The largest U.S. tire maker, based in Akron, said it will make a one-time, $1 billion payment to the United Steelworkers union fund to cover future costs.
The payment will be made initially from existing cash reserves and available credit lines, Goodyear said.
Creation of the Voluntary Employees' Beneficiary Association, or VEBA, will result in annual savings of about $100 million and boost annual cash flow by about $130 million compared with 2007, Goodyear said.
''Gaining court approval for the VEBA is a win-win for Goodyear and for our current and future USW retirees,'' Chief Executive Officer Robert J. Keegan said in a statement. ''This agreement both protects retiree benefits for years to come and removes a significant legacy obligation from our North American business.''
United Steelworkers Local 2 President Peter Stamich deferred questions to the union's international headquarters personnel in Pittsburgh. Officials there said they were reviewing the court approval and would have a comment later.
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