LNB net income falls amid loan loss reserves
Lorain National Bank reports a drop in fourth quarter net income from 1.8 million in 2003 to 918000 in 2008 as reserves for loan losses rise. CEO Klimas cites margin pressures and a weak local economy, with higher nonperforming and potential problem loans, while aiming to grow assets and pursue a Morgan Bancorp merger.
MENTIONED IN THIS ARTICLE
Lorain
Lorain National Bank
Thiniel E. Klimas
LNB Bancorp
Lems
John Fuller
Fuller
Klimas
LNB
Lorain County
Morgan Bancorp Inc
Hudson and Morgan Bank
Whirlpool Hoover sale cleared by state deal
The state dropped challenges to Whirlpool Corp. selling Hoover to Techtronic Industries of Hong Kong. The $107 million sale, to close Wednesday, includes HQ moved to Glenwillow Ohio and a new global R&D operation. Techtronic pledges 800 Hoover workers kept, union contract honored, and A and D center plans.
MENTIONED IN THIS ARTICLE
Columbus
Whirlpool Corp
Techtronic Industries Co. Ltd
Glenwillow
Cleveland
Lee Fisher
Hoover
North Canton
Chris Gurrert
UI Floor Care
North America
Ohio State
Kent
Miami
Marc Dann
Techtronic
Brian Laliberte
Dann
AEP posts quarterly profit after prior loss
American Electric Power reports 181 million quarterly profit or 6 cents per share reversing a 26 million Texas charge. Revenue rises 4 percent to 3.0 billion. Full year revenue grows to 12.6 billion, shares gain 29 cents to 52.76 on NYSE.
MENTIONED IN THIS ARTICLE
Columbus — Energy Con
American Electric Power Company
Tye
Texas
Bone
Aiysts
Titumsan Minuet
New York Stock Exchange
P&G and Colgate report double digit profit gains
Procter & Gamble and Colgate Palmolive posted double digit quarterly earnings gains, citing new products and rising markets. P&G's Q2 profit up 12 percent with Gillette integration contributing, Colgate earnings up to 401.2 million dollars in Q4, shares near 52 week high on NYSE.
MENTIONED IN THIS ARTICLE
Cincinnati
Procter & Gamble Co
Colgate-Palmolive Co
Colgate Pabnolive
Reuben Mark
P&g
Gillette Co
Blades & Razors
Gillette Fusion
New York
Colgate-Palmotive
NYSE
Teire
Home Depot opens in Lighthouse Village Lorain
Home Depot launches a 100000 square foot store with a 28500 square foot outdoor garden center in Lighthouse Village at Jaeger and Leavitt roads. A soft opening is held 6 to 9 p.m. today, with grand opening at 7 a.m. Thursday. The store will hire about 125 total workers and joins Kohl’s, Avon and Elyria on the Lighthouse Village project.
MENTIONED IN THIS ARTICLE
Lorain
Home Depot
Lighthouse Village
Jaeger and
Leavitt Roads
Matt Simon
Simon
Howe Depot Ca
Avon
Elyria
Kohl's Department
Liberty Development Co
Diebold Chases Growth After Doubling Q4 Earnings
Diebold says fourth quarter earnings more than doubled to 41 cents a share on $825.4 million in sales, with restructuring costs reducing reported results. Excluding charges, Q4 would be 77 cents per share, vs 74 cents expected by Thomson Financial. For 2006 company posted $86.5 million on $2.91 billion. 2007 outlook calls for $1.85–$2.00 per share, or $2.15–$2.25 excluding restructuring. Revenue seen up 3–5 percent.
MENTIONED IN THIS ARTICLE
North Canton
Niebold Ing
Diebold
Thomson Financial
Thomas W. Swidarski
Dow Industrials
Dow Transportation
Dow Utilities
S&p
Russell
Wilshire
Naspan Nyse Amex
Afrance
Gattyim
Abraxas
BoatsCis
Tenneco
TensBio
GenesMcr
Lexmark Dug Pt
PeuCong
AMCON
NuliSys
Rexstes
Petraes
Netlistin
inkSrwin
Val
Suncor
Motorola
GenElec
Ishaqe
Fordm
Intel
Pfizer
Qiisyi
Cisco
Ara Visiorne
At&t
LeaCom
Lesco
Lowes
Nusg
Apkittall
Motorola NY
BastonSa
NiSource
Kokacp NY
Cedarf RY
Nordson Nasd
Cany Tal NY
Nortrops NY
Cis Asd
Oran Nasi
Citign NY al AD
Penney
PotyOne
eBay
BT ProetGam
Dwastm
Eneisnets NY
RPM
ExxontAbt NY
Sherwin, NY
Sprntlex
Fords
Benkee
Wits Oa
Steris
Goodnich
Halians
Sundin Nand
HomeDp
Texlast
Homelt
Ny A
3McO NY
Ishrok Aya Amex
HS TimeWam
Intel Nash
Ussteel Ny
Invacare NY
Keytorp
Wendyss
Windstra
NYMX
New York Mercantile Exchange
Ories
Chicago Board of Trade
CME
Chicago Mercantile Exchange
NYBT
New York Board of Trade
Mutua Funds
American Funds
ICAA
Idelity Invest
Convay
Dodge&Cox
American Funes
Capibap
Capwga P
Sim
Inca
Toth
Eupaca Jy IL
Fidelity Invest
Divinit IL
Vanguard
Scadmt SP
HSA
Vanguard Insit
Peta P
Weltn
Frank
Temp Frek
Incompp
Cox
Lipper, Inc
Beth
JA hosts Vegas fundraiser in Avon Lake
Junior Achievement of Lorain County plans its second annual Valentines Vegas fundraiser from 6 to 11 p.m. Saturday at Fountain Bleau 684 Miller Road Avon Lake. The event features dinner a Chinese raffle silent auction chocolate fountains cash bar and casino games. Tickets are 30 per person and available by calling 440 323 5344.
MENTIONED IN THIS ARTICLE
Elyria — Junior Achievement of
Lorain County
Vegas
Fountain Bleau
Miller Road
Avon Lake
New Visions for Tomorrow's Women workshop at LCCC
Lorain County Community College's Students in Free Enterprise sponsors a free workshop for women focusing on starting home or Internet based businesses. The event runs 8 a.m. to 2 p.m. February 9 in Nord Advanced Technologies Room 126. Topics cover getting started marketing accounting home based and e business Web sites and legal aspects with a panel and Q A session. Call (440) 366-7404 to reserve a car.
MENTIONED IN THIS ARTICLE
Elyria
Students In Free Enterprise
Lorain County Community College
Nord
Buckeye Community Bank Partners With Buckeye Advisors
Buckeye Community Bank and Buckeye Advisors announce a strategic association to offer wealth management retirement planning and employee benefit services to personal and commercial clients. Leaders Bruce Stevens Ed Baker and Brian Morgan emphasize personalized guidance, growth with quality and value, and a mission to strengthen client financial futures. Call numbers provided for details.
MENTIONED IN THIS ARTICLE
Buckeye Community Bank
E Advisors
Bruce Stevens
Buckeye Advisors
Stevens
Brian Morgan
Edward Baker
Buckeye Bank
Buckeye ‘Community Bank
Ed Baker
Buckeye
Also Mentioned on This Page
Bette Pearce
Chronicle-Telegram
Bpearce
Chroniclet.com
Whirlpool
Dirt Devil
Garrett
Hoover Company
North
Canton
AEP
Colgate Post
the Chronicle-Telegram
LCCC
Advanced Technologies Building
Buckeye Community Bank and
Dan
Dow Jones Industrials
Decan Pet
Cha
Den
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