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Day with Warren Buffett enriching to UA students
WISDOM FROM BILLIONAIRE WARREN BUFFETT
FedEx says IRS won't be imposing penalties
U.S. Walmarts to stay open Thanksgiving
WOMEN'S LEADERSHIP PROGRAM MAKES DEBUT
Regulators eyeing Ally Bank tactics
Number of females in unions increasing
Most Read Stories
Suitcase causes bomb scare at Akron bus terminal
Akron City Council OKs higher speed on I-77
Chapel Hill isn't rolling right along
Motorcyclist killed, wife injured in Stark County crash
New eateries expand menu of options
Man says he was punched, robbed by 3 people in parking lot
Patrick McManamon: Here's what the Browns should try the rest of the season
Louisville athlete commits to play for Boston College
Family found dead in Ohio home
Blogs:
Pets:
It Takes All Kinds
The Heldenfiles:
Tuesday Notebook
Patrick McManamon:
An interesting thought from a reader
Akron Zips:
Akron vs. Mount Union — Liveblog
Tribe Matters:
Indians announce spring dates
Cleveland Browns:
Mangini doesn't name a quarterback
Kent State Sports:
Flashes interested in another Cincinnati player
Cleveland Cavaliers:
Shaq: It’s All About Winning Championships
Buckeye Blogging:
Buckeyes Roll 100-60 / Season Outlook
Varsity Letters:
Report: Walsh baseball player commits
All Da King's Men:
More On The Fort Hood Jihadist
Blog of Mass Destruction:
Simply Incapable of Telling The Truth
Akron Law Café:
Health Care Financing Reform: (63) Commonwealth Fund Report on Primary Care
See Jane Style:
Muffle Your Muffler
Car Chase:
Clock Tender- Extending the Life of Collector Car Clocks
Let's Talk Real Estate:
Rumors: Akron Starbucks Closing
Ohio Travels with Betty:
Jack is looking for a trip to Southern Ohio the week of November 16.
Sound Check:
Aeromsith looking for new singer as Steven Tyler contemplates solo career
HRLite House:
Personal Rant – Why People Do Not Live in Northeast Ohio
Akron Gamer:
Video: 'Modern Warfare 2' hits the streets
Published on Saturday, Nov 22, 2008
Citigroup directors
consider breakup
Pressure intensified on Citigroup on Friday to sell part or all of itself as its stock fell below $4 a share and fears escalated about future loan losses.
CEO Vikram Pandit told managers he opposes breaking up the company, but the bank's board of directors was meeting to discuss whether to do exactly that, the Wall Street Journal reported.
Citigroup is considered the most vulnerable among the major U.S. banks, failing to turn a profit in the past four quarters when rivals such as New York-based JPMorgan Chase & Co. and Charlotte, N.C.-based Bank of America Corp. managed to do so.
KeyCorp stock sinks
64 cents to $6.27
Shares of KeyCorp, Ohio's third-largest bank, fell in New York trading after it slashed its dividend Thursday for the second time this year.
The bank lowered its quarterly payout 67 percent to 6.25 cents a share after posting two consecutive quarterly losses and agreeing to sell a $2.5 billion stake to the U.S. Treasurys Troubled Asset Relief Program.
KeyCorp shares dropped 64 cents to $6.27. It was the second-worst performing stock tracked by the 24-company KBW Bank Index after Citigroup Inc. The Cleveland-based bank lost 73 percent of its market value this year.
Target rejects plan
for real estate trust
Target Corp. said Friday it will not implement a major shareholder's proposal to create a real estate investment trust, saying the value it would create is ''highly speculative.''
The retailer said it won't pursue the deal given the costs, risks and loss of financial flexibility. Investor William Ackman, who runs hedge fund Pershing Square, proposed separating the land Target owns underneath its stores and distribution centers.
Home prices drop
11 percent in Sept.
U.S. home prices dropped an average 11.2 percent in September as foreclosure sales and a glut of unsold properties depressed values, according to a home price index by First American CoreLogic.
Home prices have fallen for eight consecutive months at an annualized pace of 10 percent to 11 percent, said First American of Santa Ana, Calif.
Southwestern Ohio
to get federal grant
Southwestern Ohio will receive a $3.87 million federal grant to help with job training as shipping company DHL proceeds with plans to close its Wilmington, Ohio, facility, members of Congress said.
Rubber futures down
to four-year low
Natural rubber futures tumbled to the lowest in almost four years after data showed a deepening global recession, heightening concern demand will weaken for the commodity used to make car tires.
Futures in Tokyo fell as much as 9.8 percent to the lowest since January 2005, heading for the worst weekly drop in at least 27 years.
Drug distributor
to pay $350 million
McKesson Corp., the largest U.S. medicine distributor, agreed to pay $350 million to settle claims it fraudulently inflated the price of more than 400 prescription drugs.
McKesson, which admitted no wrongdoing, will also set aside about $143 million to settle claims from state health programs.
Wal-Mart chief Scott
to retire in February
Wal-Mart Stores Inc., the world's largest retailer, unexpectedly announced that its chief executive will retire in February and be replaced by the head of its international division.
The Bentonville, Ark.-based retailer said Mike Duke, 58, vice chairman of its international division, will take the reins from Lee Scott, 59, effective Feb. 1. Duke also becomes a member of the board.
Scott, who became president and CEO in 2000 and has been with the company since 1979, will chair the board's executive committee until 2011.
Duke joined the company in 1995. He was an executive at Federated Department Stores and May Department Stores for 23 years.
Citigroup directors
consider breakup
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