Mortgage payment questions and tax on house sale
Dear Bruce column responds to a Portland reader about auto pay versus mail timing for mortgage payments, plus a suggestion on postmark rules. It also addresses selling a house inherited from a mother and the tax basis, with guidance on base value and capital gains. Readers are invited to send questions to Smart Money.
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Bruce
Portland
Kansas City
E.K
IRS
B.K
Rantoul
Ill
Washington
P.G
Attleboro
Mass
Northeast Ohio manufacturing rebounds on lending surge
The Akron Beacon Journal reports a regional economic upswing in northeast Ohio with a 11 percent rise in short term loans for working capital and expansion. Ford plants run at capacity. Lincoln Electric plans expansion. Ohio Edison adds 14,813 new customers. Analysts foresee two more years of growth led by auto industry despite past layoffs and rubber industry cutbacks.
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AKRON
Northeast Ohio
Akron Beacon Journal
Jacobs Field
Cleve
Ford Motor Co
American Steel & Wire
Cuyahoga Heights
Euclid
Lincoln Electric Co
Ohio Edison
Guy Pipitone
Firestone
Goodyear
Mohawk
New York
Wsie
At&t Amr
Eastwin
Hills
Pramite
Pierre R_ Sm
Convacare
Wheern Ya
Dee Va
Alhed Corporation
Bis
LNB Bancorp
Lesca Inc
IBM
Amenean
St Pauls
Ae Vo
Mid-Am. Inc. Cigna
Kmart
Mme Bat Cedar Fair
de Si Abe Keycorp
Chrysler
Northern Savings
Abs
CoBancorp Inc
SvcMer Wr
Pos
Columbia Gas P.nc Co
Coptis
CPG
Inter. Inc
Parker Hannifin
Sian
LizGlas
Eatory Corp
Reliance Elect
AP Va Loral
Bae A
Emerson Soy
Shenan Williams
CneCiy Id
BE Bey LaPoe
StarTech
Arery Greys
Lowes S
Yo Sysco
Ford Sus Texas Unites
General Motors
Merck
Usmer
MerLyns
Hs Goodineh
Woolworth
Obenz
York
Fifth Network Talks End In Agreement
Paramount Pictures and Chris-Craft Industries have reached a 120-page joint-venture agreement to launch a fifth broadcast network tentatively named the United Paramount Network. The accord, reached after weeks of tension, aims to quell industry doubts and signals a stronger Chris-Craft role, with Paramount seeking cost controls amid Viacom’s ownership and possible third party investors. The network would air on Paramount stations in Philadelphia and Washington, while Chris-Craft holds key markets in New York and Los Angeles.
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Hollywood
Paramount Pictures
Chris-Craft Industries
Jaghary
Paramount
Chris-Craft
Warner Bros
Viacom
Blockbuster Entertainment
Mercar
Philadelphia
Washington
New York
Los Angeles
P&G workers flock to buyouts amid rapid reorganization
Procter & Gamble aims to finish its four year overhaul in half the time if current buyout uptake continues. Over 70 percent of white collar staff accepted early offers as the company reports strong demand for its employees. More than 9,000 job leads have been created through placement agencies and 5,930 plant jobs have been affected by closings.
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Cincinnati
Procter & Gamble Co
Thresto
Mussari
Consumer Products Company
P&g
Invacare's Mixon Receives More Honors Across Firms
Malachi Mixon Jr., Invacare CEO, reports three recent recognitions for the company. Financial World named Invacare among America's Best 200 Growth Companies. Crain's Cleveland Business cited Invacare as the top Northeast Ohio performer in five-year total stock returns. Weatherhead Excellence in Management Program listed Invacare among 25 selected firms. Lorain National Bank reports six months ended June 30 net income of 2.1 million, up 6.6 percent from 1.9 million in 1998, with loans 247.9 million, assets 394 million, deposits 329.2 million, and shareholders' equity above 9.2 percent.
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Ohio
Crain
Cleveland
Weatherhead
Lorain National
Lorain
Lora National Bank
LNB Bancorp
Stanley G. Pyor
Hanna Co. to Acquire German Firm Bergmann in Europe
M A Hanna Co. agreed to acquire Theodor Bergmann of Gaggenau Germany to form the core of a European plastics compounding unit. The deal follows recent acquisitions including North Coast Compounding of North Ridgeville and other U.S. firms. Terms were not disclosed.
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Cleveland
M.A. Hanna Co
Theodor Bergmann
Gaggenau
Germany
M.A. Hanna European
Hanna
North Coast Compounding of
North Ridgeville
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Ohio Manufacturing Soars
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Los Angeles Times
Climmie Finley
Steven Seagal
Warner Brothers
Video Software Dealers Convention
Las Vegas
Jerry Mussari
P&g USA
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U.S
Massari
Doug Matthews
Right Associates
Mus Sari
Invacare
Mixon
Elyria
A. Malachi Mixon Til
Invacare Corp
Financial World
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