National City buys northwest Ohio banks
CLEVELAND - National City Corp. said Friday it will pay about $180 million in cash for Wooster-based Wayne Bancorp, Inc. and its four-county northeast Ohio network of 26 branches.
Cleveland-based National City in February announced a $2.1 billion stock swap to buy Provident Financial Group Inc. of Cincinnati. It offered $28.50 for each share of Wayne Bancorp, a 37 percent premium over Thursday's $20.70 Wayne Bancorp close on the Nasdaq Stock Market.
UAW labor leader Reuther dies at 92
DETROIT - Victor Reuther, 92, who along with his brothers Walter and Roy helped make the United Auto Workers union a powerful force in the American labor movement, died Thursday in a Washington-area hospice.
Victor Reuther began as a strike leader and was director of the union's international affairs department in 1955.
Ads tout potato as having third less carbs
AMSTERDAM, Netherlands - A Dutch company is marketing a variety of its potatoes in the United States as containing fewer carbohydrates than the regular spud.
Although all potatoes are mostly of water and carbohydrates, the low-carb potato - dubbed the "Spud-U-Lite" - contains around one-third fewer calories by weight than most other potatoes.
Broker settles charges of insider trading
WASHINGTON - The Securities and Exchange Commission settled insider-trading charges Thursday with a stock broker who allegedly traded on information based on advance copies of Business Week magazine.
Frank Zangara, who was not charged criminally, is barred from working as a broker or dealer for five years.
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