Timken Leads Ohio Firms With Strong Q2 Gains
Timken Inc reports second quarter earnings up over 50 percent from last year with sales rising 19 percent to a record 585.8 million and net income of 31.2 million or 1 per share. Centerior Energy posts modest Q2 gains while Ferro Corp improves on higher sales. Goodyear Tire & Rubber shows 6.5 percent earnings rise and quarterly sales of 3.35 billion.
MENTIONED IN THIS ARTICLE
Canton
Timken Inc
Timken
Independence
Centerior Energy Corp
Cleveland Electriclluminating Co
Toledo Edison
Centerior
Cleveland (Ap
Ferro Corp
Ferro
AKRON
Goodyear Tire & Rubber Co
New York
Earth
Petre R. South Co
Ayia
Ntsis Alied Corporation
AMD
Amcan Greetings
Alcoa Ag
Cedar Fair
Merrie
Pope Center
Arora
Ie Ag
Ohnsiar
We Co Bancorp Inc
Arch
Columbia Gas Sysseyriy
BP Cpc Inter Inc
Eaton Cure
Breindin
Bankai
Engiehach
Bankta Vrbo
Barish
Ford
General Motors
Goodach
Hanson CallGols
Hills Dept Olwrgate
Invacare
Lear
Circus
LNB Bancorp
de Lesca Inc
Mid-Am. Inc
Nordson
Werydt
Wal
Northern Savings
Ohio Edison
Viacom to Sell Local Cable Systems to Tele-Communications
Via com Inc. agrees to sell its local cable TV systems to Tele-Communications Inc. in a 2.25 billion stock deal. The transaction helps Viacom shed 1.7 billion of debt and refocus on programming rather than distribution, avoiding an outright sale plan that faced political opposition. The systems serve about 1.2 million subscribers in the San Francisco Bay Area Puget Sound Salem Nashville and Dayton markets.
MENTIONED IN THIS ARTICLE
New York
Viacom Inc
Tele-Communications Inc
Viacom
San Francisco Bay Area
Puget Sound Region
Washington
Salem
Ore
Nashville, Tenn
Dayton
Ohio
Salaries barely rising as inflation slows
The government reported private sector wages up 2.8 percent over the year, the smallest gain since 1981. Inflation-adjusted pay fell 0.2 percent as productivity rises and corporate profits hit records, fueling debate on inflation, rates, and wage growth.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Department
Federal Reserve Board
Wall Street
Fed
Jerry Jasinowski
Homeownership Rate Rises as 721,000 Buy Homes in Quarter
Housing Secretary Cisneros reports 721,000 Americans purchased homes since January, lifting ownership to 64.7 percent by June end. He cites economy, low rates, and Clinton's National Homeownership Strategy targeting 8 million more owners by 2006, with steps to ease down payments and closing costs.
MENTIONED IN THIS ARTICLE
Washington
Henry Cisneros
Cisneros
Clinton
Inflation-adjusted pay shows mixed gains by sector
A Tuesday report finds no overall gain in real compensation, but white collar salaries rose 3.0 percent in the past year while blue collar pay increased 2.5 percent. The gains vary by sector and occupation.
Chrysler bid ends as 50 million shares tendered
Detriot AP All over 1 million Chrysler shares offered to Kirk Kerkorian to raise his stake beyond 15 percent. Kerkorian sought 14 million shares at 50 a share for about 700 million. Tender offer expired at midnight. Tracinda said over 50 million had been tendered by 6 pm.
MENTIONED IN THIS ARTICLE
Detroit
Chrysler Corp
Kirk Kerkorian
Kerkorian
Chrysler
Tracinda Corp
Tracinda
Stephen J. Silbert
Flashlight Symbol Highlights Cyber Money Future Hearings
Rep Michael Castle showcased a bulky yellow flashlight at a hearing on cyberspace money to illustrate a future monetary system shaped by internet commerce. Experts warned of new fraud risks and the need for safeguards as 25,000 merchants operate online to reach 20 million users and growth projections rise.
MENTIONED IN THIS ARTICLE
Washington
Michael Castle
MasterCard Internanem
Tastine
Castle
David M. van Lear
Electronic Payment Services Inc
Opening Stocks Local Stocks
Local stock listings show modest activity with mixed results across sectors. Investors monitor price movements while traders assess early gains and losses amid uncertain market tone.
Worain County Farm Bureau and Cooperative Association
The fragment notes a county farm bureau gathering and cooperative dealings. It mentions corn, oats and wheat, with figures like 28 dollars for wheat and 6 dollars for oats. The text is garbled but centers on farm prices and cooperative activity.
MENTIONED IN THIS ARTICLE
Worain County
Burea
Sooseratne Associater Inc
Shellee Corr
Also Mentioned on This Page
Ferro Up
Goodyear
Paramount Communications Inc
Blockbuster Entertainment Corp
U.S
Steven Pearlstein
The
Washington Post
National Association of Manufacturers
Tams
Robert B. Reich
Reich
Treasury
Robert E. Rubin
Steven Roache
Morgan Stan
T. Must
Roche
Saturn Corp
Dune
Securities and Exchange Commission
Chrysler Board
Consolidated
Internal Revenue Service
P.N.C. Corp
Parker Hamnish Reliance Elect
NVA Raya
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