Oil tops $100 a barrel as energy costs rise across the economy
Oil briefly hit 100 dollars per barrel as gasoline averages near 3.05 a gallon. Analysts say higher energy costs will lift prices on goods and services, though total consumer impact has eased since past spikes as incomes and efficiency rise.
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New York
David Wyss
Standard & Poor's
AAA
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Fairless Hills
Philadelphia
Fraz Baig
Baig
IBM Corp
Kay Smith
Energy Information Administration
Lester Lave
Carnegie Mellon University
Tepper School of Business
Ohio foundations eye $160 billion wealth transfer by 2015
Ohio foundations eye a potential $8 billion in permanent assets from a $160 billion wealth transfer by 2015 if community endowments capture 5 percent. The Rural Policy Research Institute study cites $900 billion in net worth in 2005 as the basis for scenarios, with heirs and charitable bequests shaping the windfall.
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Cleveland
Ohio
George Espy
Ohio Grantmakers Forum
Lion
Espy
Rural Policy Research Institute Center For Rural Entrepreneurship
Lincoln
Neb
Richard Gardner
National City cuts dividend, closes mortgage unit
National City Corp. says it will cut its dividend by 49 percent and shut its wholesale mortgage division, eliminating about 900 jobs due to weak housing and credit markets. The stock fell about 5 percent. the bank plans to raise new equity in Q1.
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Cleveland — Regional Bank
National City Corp
Saic
Eliminati
National Ci
National City
Nationwide Raises Earthquake Deductible in Ohio
Nationwide Mutual Insurance Co. increases its home quake deductible from 2 to 5 percent of insured value. Columbus based Nationwide, among the top 10 U.S. homeowners insurers and second in Ohio, says the move manages risk amid recent quakes in Northeast Ohio. Spokeswoman Nancy Smeltzer notes potential for serious Ohio losses.
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Nationwide Mutual Insurance Co
Nationwide
Ohio
Nancy Smeltzer
West Coast
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