Events Calendar
In This Section
Famous hobby rocket begins new voyage at museum
UA stadium crews driving toward opening goal
Patrick McManamon: Varejao's $50 million deal isn't really $50 million
Hospital connects to patients online
Cavs, Varejao agree on six-year deal
YRC, Teamsters reach tentative deal on concessions
Most Read Stories
Akron police investigate teen mob attack on family
Woman, 75, charged with beating fawn to death
Akron woman found dead at Brimfield Township store
Man shot outside his Akron home during robbery attempt
Man shot in back near Akron park
Suspect sought in Portage Path bar robbery
Tragic day puts man on path to be Pinnacle owner
Blogs:
Pets:
Dogs' Bark: Not fair! Study shows pups get jealous
The Heldenfiles:
Who Will Get the Michael Media Treatment Next?
Patrick McManamon:
More on Varejao
Akron Zips:
Opponent outlook: Kent State
Browns Bulletin:
Quick thought on Browns rookies
Tribe Matters:
Wedge challenges relievers
Cleveland Browns:
Stallworth test showed marijuana
Kent State Sports:
Men's Basketball Scheduling update
Cleveland Cavaliers:
Andy’s Signed According to ESPN
All Da King's Men:
Does Medicare Have Lower Administrative Costs ?
Blog of Mass Destruction:
CIA Did Mislead Congress
Akron Law Café:
Breaking Story: CIA Lied to Congress about Secret Program
Varsity Letters:
East basketball update
See Jane Style:
Oh Baby!
Car Chase:
Where do We Go from Here?
Let's Talk Real Estate:
Closings….Not the Good Kind!
Ohio Travels with Betty:
Margy inquires-when is a Taste of Hudson?
Sound Check:
LeVert II live performance Saturday night — "Dedication" album due July 13,
HRLite House:
DDI One of Best Places to Work
Akron Gamer:
First 24 'Guitar Hero 5' songs announced
Published on Saturday, Apr 26, 2008
Edwin Shaw Rehab
cuts, reassigns staff
Akron General Edwin Shaw Rehab eliminated eight positions Thursday and closed part of its skilled nursing unit.
No services were eliminated, Akron General spokeswoman Amy Kilgore said, though eight staff positions were cut and 20 positions were reassigned to other duties.
The number of beds dedicated to skilled nursing will be reduced from 49 to 22, because of a decreasing demand for those services, she said.
The moves were announced to employees Thursday.
Edwin Shaw, which employs about 400, specializes in the rehabilitation of patients who have experienced strokes, head trauma, spinal cord injuries, multiple trauma, amputations, and orthopedic and neuromuscular conditions.
Cooper Tire says
profit will fall short
Cooper Tire & Rubber Co., the second-largest U.S. tire maker, said first-quarter earnings will be ''considerably lower'' than analysts' estimates because of a drop in North American demand and rising raw-materials costs. The company fell to a 17-month low in New York trading.
The Findlay, Ohio, tire maker said in a statement that it will report ''modest'' earnings, without being specific. Profit will fall short of the 20-cents-per-share estimate of six analysts surveyed by Bloomberg News, spokesman Curtis Schneekloth said.
Malaysia forecasts
rise in rubber output
Rubber production in Malaysia, the world's third-largest producer, could climb by as much as 17 percent in five years when new trees start being tapped, the country's plantation minister said.
Rubber output in 2008 might be ''flat from last year'' at 1.2 million metric tons in the absence of mass replanting in the past few years, said Peter Chin Fah Kui, Minister for Plantation Industries & Commodities.
Honda profits drop
most in 10 years
Honda Motor Co., Japan's second-largest automaker, reported the biggest drop in profit in at least 10 years as it put aside money for a possible tax settlement and the dollar weakened against the yen.
Net income plunged 86 percent to $244 million, Honda said.
Honda took a provision to cover possible taxes as the Japanese government investigates whether the Tokyo company failed to declare income from China. The carmaker, which earns about 70 percent of operating profit in North America, forecast earnings will drop this year because of a stronger yen.
Wal-Mart shares
upgraded to 'buy'
Shares of Wal-Mart Stores Inc. were upgraded to ''buy'' from ''neutral'' at Merrill Lynch & Co., which cited the company's recent first-quarter earnings forecast and the potential that customers will spend tax rebates at its stores.
Tire maker to meet
earnings targets
Continental AG, Europe's second-largest tire maker, said it will meet full-year earnings targets based on the company's performance since the beginning of 2008.
Myers Industries
dividend at 6 cents
Myers Industries Inc. declared a regular quarterly dividend of 6 cents a share payable July 3 to shareholders of record as of June 5.
Dow closes week
with modest gain
The Dow Jones industrial average gained 42.91, or 0.33 percent, to 12,891.86 on Friday after falling more than 100 points earlier in the session. The Dow closed the week with a gain of less than 1 percent.
Broader stock indicators were mixed on the day. The S&P 500 index gained 9.02, or 0.65 percent, to 1,397.84, and rose 2.1 percent for the week.
The Nasdaq composite index, depressed by disappointment with a Microsoft Corp. forecast, fell 5.99, or 0.25 percent, to 2,422.93, after dropping as much as 1.6 percent during the session. But advancers were well ahead of decliners in the broader Nasdaq Stock Market, and for the week, the Nasdaq gained 1.4 percent.
Edwin Shaw Rehab
cuts, reassigns staff
Get the full article here.

