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Saturday, June 5, 2004

Business digest



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.




BUSINESS HEADLINES
Slugger's stock rising
Gutter company takes battle over trade secrets to court
Time Warner offers Internet phone service
Wal-Mart pledges to equalize pay, increase diversity
248,000 find jobs in May
Industry looks to retool standard 401(k) systems
Maytag moving Hoover HQ, costing Ohio jobs
Business groups fight proposal for open ballots
Forget stocks, bonds: Go real
7 states want TVA to reduce air pollution
Organic milk farms lag others
Tristate summary
Business digest


 

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