Polymer summit is June 6-7
PolymerOhio, a nonprofit statewide group aimed at growing Ohio’s polymer industry, will host the ninth biennial Ohio Polymer Summit June 6-7 at the Embassy Suites Hotel in the Columbus suburb of Dublin.
The event will focus on emerging opportunities with exhibitors and sponsors displaying products and services. Organizers say the event will include topics of interest to all manufacturers, not just those involved with polymers.
Six primary programs will be presented during the two-day event. They are: Shale, What Does it Mean to Ohio’s Chemical Industry?; Innovation Engineering; Breakthrough Improvement Through the Polymer Portal — An Interactive Discussion; Unlocking Capital and Sustaining Your Business in Uncertain Times; Trends in the Healthcare Field and the Impact on Medical Device Development; and Saving Energy within Your Facility.
Registration costs $300 for members and $350 for nonmembers. A limited number of sponsorships are still available.
For more information, visit www.ohiopolymersummit.com or call 614-776-5720.
Myers declares dividend
Tire supplies distributor and plastics manufacturer Myers Industries Inc. (NYSE: MYE) of Akron declared a regular quarterly dividend of 8 cents a share, payable July 2 to shareholders of record June 15.
Morgan’s Foods reports loss
Morgan’s Foods Inc., a Cleveland operator of 75 KFC, Taco Bell and other restaurants, reported a loss of $1.1 million, or 38 cents a share, for its fourth quarter ended Feb. 26, on revenues of $23.9 million. That compared with a loss of $1.7 million, or 57 cents a share, on revenues of $24.8 million for the same period a year earlier.
For its year, Morgan’s said it lost $1.7 million, or 57 cents a share, on revenues of $82.2 million. The loss in 2011 was $988,000, or 34 cents a share, on revenues of $89.9 million.
The company said results were affected by the closing of 15 restaurants. It also said operating margins were “slightly lower” than the previous year “mainly due to increases in food costs but partially offset by lower levels of labor and operating expenses.” Labor and benefits expenses totaled $7 million in the fourth quarter of 2012, down from $7.6 million in the year-earlier period.
Akron housing rated affordable
Akron is among the most affordable U.S. cities for housing, ranking ninth out of 10 on a new listing released by the website money.cnn.com.
Other Ohio cities that made the list were Dayton (2) and Cincinnati (10). Indianapolis topped the list. The rankings, based on home prices, median income and mortage rates, were compiled by the National Association of Home Builders and Wells Fargo.
Akron, according to the site, has a median home price of $96,000, a median income of $66,500 and an affordability score of 90.6 percent. “With family income just above the national median and such beaten down prices, most families can easily afford to buy a place,” says the site, which mentions Akron native LeBron James fleeing to sunny Miami.
To read Akron’s ranking information, visit http://money.cnn.com/galleries/2012/real_estate/1205/gallery.affordable-homes/9.html.
Zagat reviews on Google
Google Inc. began incorporating Zagat reviews more fully into its social network and the rest of its ecosystem Wednesday, making the content freely available online for the first time. Google+ Local is replacing Google Places and offering the crowd-sourced reviews of restaurants and other businesses as well as other features, such as Google Maps.
Google launched Places in October 2010, seeking to bundle information about generic search terms into packages of information relevant to a user’s search. Google ran into trouble when San Francisco-based Yelp and similar sites complained that the company was improperly using its user-generated reviews for the service. The complaints are part of a long-running antitrust investigation into Google by the Federal Trade Commission. In September 2011, Google sought to solve those issues by purchasing Zagat for $151 million, bringing on a well-respected reviews guide that was established in 1979.
Verizon service will be faster
Verizon Communications Inc., the second-largest U.S. phone company, doubled the speed of its most expensive FiOS broadband Internet service, seeking an edge against cable providers.
Verizon will begin offering five speeds of service next month, topping out at 300 megabits per second, according to a statement. Pricing will be announced in June, the New York company said. The new top speed, up from a previous high of 150 megabits, is designed to let consumers handle multiple Internet devices and more bandwidth-hogging applications.
Compiled from staff and wire reports