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Stocks slump after rise in unemployment rate
Boeing to cut 4,500 jobs as airline demand falls
U.S. retailers slashed 66,000 jobs in December
Jobless rate jumps to 7.2 percent in December
Federal loan deals bar strikes at GM, Chrysler
Group says U.S. 'wet dumps,' like nine in Ohio, pose threat
U.S. retailers ring up dismal sales
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Lakemore police say man killed his wife in standoff
Suspect in Lakemore standoff expected to recover
Storm could bring heavy snow tonight, Saturday; Parking bans in effect
Police raid Akron gaming parlor
Palin says she's been exploited by Couric and Fey
Suspected meth lab busted in Cuyahoga Falls
Browns' Mangini brings experience
Skeptics urging check of home program
Man convicted in 1995 beating won't get new trial, judge rules
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College Football is Un-American
The Heldenfiles:
Cheryl Holdridge, R.I.P.
Tribe Matters:
Shapiro puts Indians in position to win
Patrick McManamon:
ESPN clears up a key to tonight's game
Browns Bulletin:
Browns may interview ex-Broncos GM
Cleveland Browns:
Mangini takes command
Cleveland Cavaliers:
Cleveland Cavaliers: Of Leprechauns and Losses
CavsHQ: A Fan's View:
The Countdown Begins - Cavs v. Celtics
Akron Zips:
Five things you should know about Miami
Varsity Letters:
Ignatius’ Kyle has busy offseason
Kent State Sports:
Volleyball players earn All-Academic honors
Car Chase:
January is auction time
See Jane Style:
Chicago Chic?
All Da King's Men:
Obama's Economic News Conference
Blog of Mass Destruction:
Shameful Things
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The Psychology Channel, Interesting Videos, Jobs in I-O, and Happy Birthday Elvis
Akron Gamer:
Games in '09: Resident Evil 5
Ohio Travels with Betty:
Does Ohio have an Andy Warhol Museum?
Sound Check:
Axl Rose speaks on Guns & Rose(s)
Let's Talk Real Estate:
Mortgage Forgiveness Debt Relief Act of 2007 Extended
Published on Friday, Nov 21, 2008
Steve & Barry's buyer in default
BH S&B Holdings, the investor group that bought retailer Steve & Barry's LLC out of bankruptcy in August for $163 million, sought court protection itself, citing the deteriorating U.S. economy.
BH S&B was formed by Bay Harbour Management LC, York Capital Management and Hilco Merchant Resources LLC, with Steve & Barry's co- founders Steven Shore and Barry Prevor as investors.
The new company said it defaulted on senior secured loans, has no financing prospects and intends to liquidate all inventory by early next year.
In September, the company said stores in Akron at Chapel Hill Mall, in Jackson Township on Belden Village Street, in New Philadelphia at the New Towne Mall, and in Cleveland at Richmond Town Square would remain open. Six Northeast Ohio stores closed.
PNC stock issue to pay for NCB
PNC Financial Services Group Inc., the Pittsburgh-based bank that agreed to buy National City Corp., said it would issue 93 million shares of common stock tied to the deal.
The bank will also issue 1,500 shares of preferred stock to pay for its $5.2 billion acquisition of Cleveland-based National City, PNC said in a regulatory filing. PNC has agreed to sell $7.7 billion in preferred shares and $1.1 billion in warrants to the U.S. Treasury.
FirstMerit to pay cash dividend
FirstMerit Corp. declared a quarterly cash dividend of 29 cents per share, payable Dec. 15 to shareholders of record Dec. 1.
KeyCorp slashes dividend 67 percent
KeyCorp, the third-largest bank in Ohio, slashed its dividend by 67 percent after posting two straight quarterly losses.
The dividend of 6.25 cents a share will be payable Dec. 15 to shareholders of record on Dec. 2.
Honda plans to trim U.S. production
Honda Motor Co., the only major automaker to expand North American output this year, will trim production at U.S. plants by 18,000 more vehicles as sales decline. Cuts include 12,000 light trucks at its Lincoln, Ala., plant and 6,000 vehicles at factories in Marysville and East Liberty, Ohio.
Firestone says pact will help all Liberia
Firestone Natural Rubber Co. LLC, Liberia's biggest rubber plantation, says its new concession agreement signed with the government this year will benefit all the people of the west African country.
Firestone was responding to criticism from a Liberian conservation group, Save My Future Foundation, and international campaigner, Global Witness, that the agreement, by excluding the company's U.S. parent, will make it more difficult for Liberia to seek compensation if the contract is breached.
134 Wendy's jobs to leave Ohio
Wendy's central Ohio headquarters will lose 134 jobs next year through consolidation after the burger chain's recent takeover by Arby's owner Triarc Cos. Inc.
Wendy's said 120 of those jobs will be transferred to Atlanta, the home base of the new Wendy's/Arby's Group.
Steve & Barry's buyer in default
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