Events Calendar
In This Section
Can DNA tests free ex-Akron captain?
Zips' Porter creates culture of success
Health reform passes hurdle in Senate
Lawyers compare four cases to Prade's
Visiting new Navy ship brings back memories for Doylestown man serves on USS New York in 1930s
Green High senior goes extra mile for those who walk and jog the park trails
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
Dad accused of forcing son into field, killing him
Man found dead in North Akron home is identified
Can DNA tests free ex-Akron captain?
Browns' roster nearly devoid of consistent players
Coventry man killed in crash at I-77 ramp
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:
Friday Night Notebook
Patrick McManamon:
Browns vs. Lions live …
Akron Zips:
Akron trounces Howard to reach .500
Tribe Matters:
Seven players added to Tribe’s 40-man roster
Cleveland Browns:
Robiskie, Harrison inactive
Kent State Sports:
Kent State blown out in second half, loses to Temple 47-13
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:
A Random Rant on Testing
Akron Gamer:
Nintendo's Mario endures even as games come and go
Published on Wednesday, Feb 20, 2008
Corporate Express
rejects Staples' bid
Corporate Express NV of the Netherlands on Tuesday rejected an unsolicited buyout offer from Staples Inc., saying the office products supplier's $3.67 billion bid was too low. Staples said its offer was all cash.
Corporate Express was known as Buhrmann NV until last spring, when it changed its trading name to that of its most well-known brand, the Colorado-based corporation it acquired in 1999.
Thomson gets OK
to buy Reuters
Thomson Corp. won European regulatory approval to buy news and information service Reuters Group PLC but must sell off financial research units to eliminate antitrust concerns, the European Commission said.
EU regulators said the two companies also had agreed with the U.S. Department of Justice that Reuters would divest divisions that supply financial-market research reports, earnings estimates and economic data archives while Thomson would shed some basic financial data on companies.
Thomson's $15.8 billion deal for Reuters would cut the number of major companies selling information and trading systems to the financial services industry from three — Reuters, Thomson and privately owned Bloomberg LP — to just two.
High court rejects
Ford's tax appeal
The Supreme Court turned away an appeal by Ford Motor Co. in a tax dispute with the cities of Seattle and Tacoma.
Ford won't be able to recover $1.7 million in taxes it paid the two cities after they audited the company and assessed it for back taxes in 2003.
While the financial stakes are small, several business groups urged the court to take the case because they argued that more and more localities are imposing the type of tax at issue. Seattle and Tacoma impose a ''business activity'' tax on a company's gross receipts from wholesale sales.
Separately, the court stepped into a dispute over a labor union's use of fees paid by non-union employees to finance the labor organization's court battles in other states.
Twenty state workers in Maine are challenging the expenditure by the labor union that bargains on their behalf.
Chrysler buyouts
under wraps for now
Chrysler LLC doesn't plan to announce the number of workers taking its latest buyout offer for several more weeks, despite the passing of a deadline for thousands of Detroit-area workers to make a decision, a company spokeswoman said.
As of Monday, hourly workers at 11 of Chrysler's U.S. facilities had been scheduled to decide on the offers, which include a $70,000 incentive payment to retirement-eligible workers or $100,000 to workers who leave without future pension or health benefits.
KeyCorp to sell
preferred securities
KeyCorp, Ohio's third-biggest bank, plans to sell $250 million of 60-year enhanced trust preferred securities, according to a person familiar with the offering.
The securities may yield about 8 percent, said the person, who declined to be identified because terms aren't set. The Cleveland-based bank's KeyCorp Capital X unit is issuing the debt, which isn't callable for five years.
Separately, KeyCorp said it might have to write down about $65 million in commercial mortgages and securities backed by such loans because of falling market values.
The cost, totaling 16 cents a share, assumes that market conditions at the end of the first quarter will be similar to those as of Feb. 13, the company said in a regulatory filing.
Interstate union
against bonuses
Interstate Bakeries Corp., with operations in Akron and Tallmadge, shouldn't be allowed to give managers $6 million in bonuses because they failed to revitalize the bankrupt maker of Wonder Bread and Twinkies, the company's second-biggest union told a judge.
The Bakery, Confectionery, Tobacco Workers and Grain Millers International Union generally supported the managers' turnaround efforts until Tuesday.
Corporate Express
rejects Staples' bid
Get the full article here.
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