Ohio Edison earnings rise on record electricity sales
Ohio Edison reports 1995 earnings up 45 percent to 294.7 million with revenue near 2.47 billion, marking a third consecutive year of record electricity sales. fourth quarter earnings were 69.3 million on 617.3 million in revenue. Banc One Corp posts fourth quarter earnings up sharply due to charges in 1954. Ameritech reports 13 percent rise in fourth quarter earnings and 11 percent revenue gain driven by home security services and cellular growth.
MENTIONED IN THIS ARTICLE
AKRON
Ohio Edison
Columbus, Ohio
Banc One Corp
Chicago
Ameritech Corp
Nokia
Nynex
CoBancorp Inc
Emerson Kgl Aity
Sears
SeumnGo
Ford
General Motors
Goodach
Hanson Kmart
Texinet
Lear
LNB Bancorp
Lesco Inc
Mic-Am. Inc
WaigEl
Fa Nordson
Northern Savings
Morgan S
Ghia Edison
Medina Man Settles GM Burn Lawsuit
Melvin J. Martin Jr. reached a settlement with General Motors over a 1990 Chevrolet S10 Blazer crash that left him with 65 percent burns, canceling his trial with Judge Judith Cross presiding. Terms were not disclosed. AT&T announces 2000 layoffs follows.
MENTIONED IN THIS ARTICLE
Medina
General Motors Corp
Medina County
Martin
At&t
NYSE Stocks Mixed As Commodities Drag Market Down
AP reports late trading shows NYSE closing mixed with energy and metals influences. Gold trades at 398.50 per troy ounce, copper at 1.14 per pound, and silver around 5445 per toy ounce. farm prices list corn 3.42, soybeans 7.00 per bushel, and wheat 4.32.
MENTIONED IN THIS ARTICLE
New York
Loran County Farm Bureau
FirstMerit EST to stay neighborly as signs may persist
Elyria officials report FirstMerit EST will remain on local signs for now as officials explore branch closings and consolidations. Bank leaders say EST will stay local at heart while offering broader services under FirstMerit Corp. of Akron, with 180 attendees at a dinner meeting.
MENTIONED IN THIS ARTICLE
Elyria
FirstMerit Est
FirstMeri Est
FirstMerit Corp
Akron
Orranches
Waldron
Est
FirstMerits
FirstMert Est
Elyria Bank
Fifth Avenue Remains World’s Priciest Storefront Strip
New York’s Fifth Avenue from 49th to 59th streets tops a global and city list as the most expensive storefront corridor. Rents reach up to 500 per square foot, up from 375 last year, fueled by luxury brand openings, a stronger retail revival, cleaner streets, and higher police presence. Fifth Avenue BID president Tom Cusick notes zero vacancies, contrasting five years ago when many spaces were vacant or out of business.
MENTIONED IN THIS ARTICLE
New York
Madison Avenue
Fifth Avenue
49Th
Sith
Hirschfeld Group
Warner Bros
Banana Republic
Tom Cusick
Supreme Court allows negligence case over absence of airbags in Ford Escort
The Supreme Court refused Ford's appeal and let a New Hampshire trial proceed over a 1988 Escort missing airbags, risking broad litigation as about 58 million cars lack airbags since 1984 safety rules. Automakers warn that meeting federal standards may not shield them from suits. Officials warn airbags can be dangerous even when functioning properly.
MENTIONED IN THIS ARTICLE
Washington
Supreme Court
Ford Motor Co
Ford
New Hampshire
Cindy Schipani
University of Michigan
Business School
High Court
Largest wave of layoffs to hit 40,000 over three years
The plan to cut 40,000 jobs nationwide over three years includes 13 percent fewer positions in the telecom sector as it breaks into three companies. About 2,000 workers receive pink slips Tuesday in the first round, with 70 percent of cuts by end of 1996. Alan Blinder signals not seeking a second Fed term, possibly leaving this month. CSU students to tour England for two weeks to study international business topics.
MENTIONED IN THIS ARTICLE
Blinder
Fed
CSU Group
Cleveland
Cleveland State University
England
Coke Uses Subtle Ads In Theaters For Valentines
Coca Cola collaborates with Turner Network Television to show 40 second pre film clips from classics like Casablanca and The Big Chill. The spots feature Coke and TNT logos and invite viewers to refresh romantic memories. The company says the selling of product will be non direct. The TNT campaign runs until Valentine’s Day.
MENTIONED IN THIS ARTICLE
New York
Coca-Cola
Coke
Turner Network Television
TNT
Scott Jacobson
T-bill rates fall in Treasury auction
Treasury sold 125 billion dollars in three month bills at a 5.02 percent discount, down from 5.03 percent. Investors’ resale yields reach 5.17 percent on 10 000 bills and 5.14 percent on six month bills. The Fed reported one year bill yields at 5.17 percent, down from 5.18 percent.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Treasury Department
The
Federal Reserve
Also Mentioned on This Page
Bane
Ameritech
Medina Man Oks
Morristown, N.J
At&t Corp
Neve York
Amieb
AMS
BS Absit
AnicGs
Areckth
Amoco
Astch
Mtoe
Saxrtu Ae Bancone
Barkari
Herwkg
Botay
BeiSos
Pn.c. Con
Parker Hanesfin Bae Royal Appiance
Shewan Wilams
Smuckers/SUMA
Sunnse Medical
Texas
Utitbes
TRW
Woolworth F W
York
Internabona
Jane Trager
Chronicle-Telegram
Main Street
Cochran
Fifth Ave
World
New York Daily News
57Th Street
Midtown
Washington (Ap
Alan Blinder
Princeton University
Alan Greenspan
White House
International Business
Thomas W. Whipple
James J. Nance
College of Busiess
Coca-Cola Co
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