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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jan 17, 2007
Page
2
The IRS and private partners launched the fifth year of Free File offering free tax preparation software to low and middle income taxpayers. The program, for adjusted gross income 520,000 or less, touts consumer protections and bans promotion of refunds loans. About 95 million Americans qualify and can access the service only via the IRS site.
The Labor Department announced Goodyear Tire & Rubber Co will pay 925000 to hundreds of women denied tire building jobs at its Danville Virginia plant. The consent decree resolves a lawsuit filed last year on behalf of about 800 women over a year and a half in the late 1990s. The company is Akron based.
The Grafton based Town & Country Co op Inc lists 5 Corn at 3.77, Beans at 6.59, Wheat at 3.94, and Oats at 1.40 as current prices.
LNB Bancorp Inc. agrees to acquire Morgan Bancorp Inc. of Hudson in a stock and cash merger valued at about $26.5 million. The deal includes cash, 3162 LNB shares per Morgan share, with 50 percent of shares exchanged for stock and 50 percent for cash. Completion expected in Q3 2007 pending approvals. Morgan Bank will keep its name and management, including President Wink Dougherty.
California farmers face severe frost losses across the winter crop with oranges lemons and other produce set to double or triple in price. Industry officials say nearly 70 percent of this season's oranges lemons and tangerines remain on trees as subfreezing nights hit Central Valley and up to three quarters of the crop may be ruined. Prices for common fruits like oranges could rise from 50 cents to 1.00 to 1.49 per fruit.
An independent Baker Panel report says BP emphasized personal safety at U.S. refineries but neglected process safety, contributing to the Texas City explosion that killed 15. The panel made 10 recommendations and urged independent monitoring to the BP board. CEO John Browne acknowledged improvements are needed.
Two former Tops markets return under new owners. Giant Eagle launches changes at the Elyria Cleveland Street store at 9 a.m. Thursday with 50 first customers receiving $10 gift cards. A day later Cascade Management opens Sheffield Apple’s in North Ridge Road, largest store for Cascade with 90 staff and Berardi’s Coffee Shop.
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