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P. Graham Dunn weathering the storm
Ohio settles case on auction rate securities
FedEx rebukes UPS position on strike limits
Worries in Greece take toll on stocks
Is voluntary buyout the same as quitting?
Tire conference is Sept. 20-21
Keep money out of high-debt stocks
Most Read Stories
Tallmadge man dies after motorcycle crash
Passers-by call police over topless gardener
Man on leave from Iraq war slain in Akron
Soldier on leave dies after shooting near UA
Man breaks into house, flees when owner wakes up
Teen accused of drinking, dancing topless in club
Macedonia prepares for budget cuts and layoffs
Woman accused of setting fire to 2 dogs
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Akron Docs in Haiti:
Almost home
First Bell - On Education:
21st Century Skills and Akron’s new middle school
Pets:
Lost Mini Schnauzer around Cascade Valley Park
The Heldenfiles:
Fess Parker, R.I.P.
Akron Zips:
Looking back on the season
Tribe Matters:
Seven prospects reassigned to minor-league camp
Cleveland Browns:
Yates latest to re-sign
Balanced Ledger:
How times have changed?
Kent State Sports:
Flashes fall in WNIT
Cleveland Cavaliers:
Gameblog: Cavs at Chicago Bulls (Green Mascot and All)
Buckeye Blogging:
Bucks High Seed – Turner High Praise
Varsity Letters:
Report: Ohio offers Olack
All Da King's Men:
ObamaCare To Reduce Premiums By 3000% ?
Blog of Mass Destruction:
Pathetic GOP Nullification Attempts
Akron Law Café:
More on Shaming Corporate Criminals
Car Chase:
2010 CONCOURS SEASON IS UPON US
Let's Talk Real Estate:
Deals in Miami?!.
Sound Check:
Willie Nelson & Family coming to the Akron Civic Theatre May 11
See Jane Style:
Who Wore What – The Oscars
HRLite House:
Horses of Courses
Akron Gamer:
Video: Gamers expected to 'reach' for new 'Halo'
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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