LOCAL BUSINESS

Drivers haul in awards

Three area truck drivers have won division titles at the Ohio Truck Driving Championships.

Two of the winners took first-place awards, qualifying for the national competition Aug. 7-11 in Minneapolis.

Drivers in the Ohio contest were scored based on results of a written test, a driving skills examination, as well as their ability to spot problems during a pre-trip inspection of their vehicles.

The two first-place winners, their companies and the divisions in which they won are: David White of Akron, Holland freight, tank truck, and Martin Marxen of Brunswick, UPS Freight, five-axle. Keith Rolko Jr. of Massillon, who drives for Marathon Petroleum Co., took third place in the tank truck division.

AIRLINES

Southwest to offer TV

Southwest Airlines plans to sell live television service on five planes and expand it to more aircraft by mid-July. The airline said it would offer seven sports and news channels for passengers to watch on their own devices.

Southwest said it will test prices from $3 to $8 during a trial period. Passengers will need a Wi-Fi-enabled device such as a smart phone, tablet or laptop computer. Live TV will be offered separately from wireless Internet access and customers wonít have to buy Internet access to watch TV. The Southwest channels: NBC Sports, MLB (Major League Baseball), NFL Network, CNBC, MSNBC, Fox News and Fox Business News.

Southwest plans to expand to 20 planes by mid-July. Southwest said that if the service is successful, it will be added to all the airlineís Wi-Fi-enabled planes by the end of the year.

The airline has about 550 Boeing 737 jets, including about 250 with Wi-Fi. It plans to outfit 70 percent of its fleet by the end of 2013.

EARNINGS

AG earnings take fall

Cleveland-based American Greetings Corp.ís fiscal first-quarter net income fell 78 percent, dragged down by charges related to the bankruptcy of Britainís Clinton Cards PLC.

Earlier this month American Greetings announced that it had acquired about 400 Clinton Card stores, along with the namesake brand. The U.K. greeting card company is one of American Greetingsí biggest customers, but ran into financial trouble. It had approximately 750 stores.

American Greetings earned $7.3 million, or 20 cents per share, for the three months ended May 25. Thatís down from $32.6 million, or 78 cents per share, a year earlier.

Removing the costs tied to a bad debt write-off for Clinton Cards and other items, earnings were 83 cents per share. Total revenue declined 3 percent to $393.1 million from $403.7 million.

Shares are up about 17 percent from a 52-week low of $12.47 in late December.

RIM has loss, cuts

BlackBerry-maker RIM lost $518 million, or 99 cents a share, in its fiscal first quarter, which ended June 2. This compares with a profit of $695 million, or $1.33 per share, a year ago.

Revenue fell 43 percent to $2.8 billion, well below analyst expectations at $3.1 billion.

REAL ESTATE

No mortgage rate change

The average interest rate on the 30-year fixed mortgage stayed this week at the lowest level on record. Mortgage buyer Freddie Mac said the average on the 30-year loan was 3.66 percent. Thatís unchanged from last week and the lowest since long-term mortgages began in the 1950s.

The average rate on the 15-year mortgage, a popular refinancing option, slipped to 2.94 percent. Thatís down from 2.95 percent last week and matches the record-low 2.94 percent reached three weeks ago.

Compiled from staff and wire reports