Events Calendar
In This Section
After 30 years at the helm of Akron Children's, Considine still looks to future
New version of Mozilla Thunderbird landing soon
SCORE offers wide variety of workshops
About Matsos Greek Dressing & Marinade
All-in-one units jolt desktop computer sales
Does it work? Test team returns to try out new products advertised on television
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
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
Does it work? Test team returns to try out new products advertised on television
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:
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:
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 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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