Ex Rite Aid chief to plead guilty in federal case
Ex Rite Aid chief executive Martin L Grass was set to plead guilty in a federal case alleging schemes to defraud shareholders. The resignation amid irregularities led to criminal charges against Grass and other Rite Aid managers. A jury had been chosen for Grass and Brown, with Bergonzi testifying per a plea deal. Sorkin faces separate trial on obstruction and grand jury lies. The indictment claimed vendors were ripped off and SEC fraud concealed as Rite Aid restated billions in earnings.
MENTIONED IN THIS ARTICLE
Harrisburg
Rite Aid
Martin L. Grass
Grass
Blue Chain
Mar
Tin Carlson
Sylvia H. Rambo
Carlson
Franklin C. Brown
Franklyn M. Bergonzi
Bergonzi
Grass and
Brown
Eric S. Sorkin
Wall Street
SEC
Weirton Steel workers urge CEO to renounce post bankruptcy bonuses
Labor leaders at Weirton Steel in Morgantown urge CEO John Walker to publicly pledge no retention bonuses for himself or top managers as the company negotiates Chapter 11. Spokesman Gregg Warren says bonuses would require bankruptcy court and bank approval, and Walker has no plan to take such pay. Weirton Steel, a tin producer across from Steubenville, filed for bankruptcy May 19 after five years of losses. The firm operates under a $225 million financing package to reorganize.
MENTIONED IN THIS ARTICLE
Morgantown
V.va
Weirton Steel Corp
John Walker
Mark Glyptis
Independent
Steelworkers Union
Weirton
Ohio River
Steubenville
Weirton Steel
Gregg Warren
Walker
Warren
Portside at Mariner's Watch opens in Sheffield Lake
Richland Communities completes a 232-suite luxury apartment complex off Lake Road at 100 Mariner's Circle. Rents range 720 to 855 dollars monthly with features like large kitchens, dishwashers, balconies, and high speed Internet. More than half the suites leased as construction wraps. Contact Adrian Burns for details.
MENTIONED IN THIS ARTICLE
Sheffield Lake
Richland Communities Ltd
Portside
Mariner's Watch
Lake Road
Mariner’s Circle
Richland
Roseanna DiPietro
Jean Sexton
North Coast Building Industry Association
Ohio
DiPietro
Mariners Watch
Chuck Humel
Chronicle
Mariner's
Ground Zero Software Celebrates 10th Anniversary
Ground Zero Software, a tiny San Francisco firm, marks its tenth year while contributing to AIDS treatment and patient tracking across 25 states. Founder Dan Davis leads a five member team including one salesperson, expanding into software to aid doctors manage tuberculosis and hepatitis amid rising revenue.
MENTIONED IN THIS ARTICLE
Cher
Ground Zero Software
San Francisco
Ground Zero
Lorain BestCuts opens at Lorain Plaza
The new BestCuts salon opened June 2 at Lorain Plaza Shopping Center at Oberlin Avenue and Meister Road with grand opening events June 27 to 29 offering 20 percent off all products 50 percent off facial waxing with any service and 3 dollars off a shampoo cut and style. Christopher Savenelli heads the operation guiding a highly trained staff to ensure a positive customer experience.
MENTIONED IN THIS ARTICLE
Cleveland-Akron- Canton
Amy Edwards
Lorain Plaza
Savenelli
BestCuts Opens in Lorain Plaza Shopping Center
BestCuts opened in Lorain Plaza shopping center at Oberlin and Meister Roads on June 2. The Regis Corp operates and franchises more than 9,300 salons internationally and is a Fortune 1000 company. Contact Adrian Burns at 329-7197 or abums chromeletelegram com for details.
MENTIONED IN THIS ARTICLE
Adrian Bums
Abums
Lorain Plaza
Oberlin
Meister Roads
Savensli
The
Regis Corp
Adrian Burns
Stocks surge as New York manufacturing survey boosts mood
Investors pushed stocks to a one-year high on upbeat New York manufacturing data. The Dow rose 281 points to 9318.96, the Nasdaq jumped 40.09 to 1666.58, and the S&P 500 gained 22.13 to 1010.74. Fed New York index hit a record June reading of 26.80, signaling improving manufacturing activity.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Russ Koesterich
Yahoo
Dow
Standard & Poor
S&p
Federal Reserve Bank of New York
Dow Jones
Philadelphia
Dollar Gains as Empire State Manufacturing Boosts Greenback
The dollar rose modestly against major currencies after the New York Federal Reserve Empire State Manufacturing Survey showed a jump in general business conditions to 26.8 in June from 10.6 in May, easing earlier euro losses. The pound climbed to 1.6781 as UK assets attracted buyers ahead of potential Fed rate cuts.
MENTIONED IN THIS ARTICLE
New York
Dowdones
Federal Reserve
Sterling
United Kingdom
Empire State Manufacturing
Also Mentioned on This Page
Securities and Exchange Commission
WorksCom Inc
Chuck
Mike Bass
Ford
Ford Motor Co
Breaking Ground
San Francisco Chronicle
Lorain BestCuts
the Chronicle-Telegram
Lorain
Aegis Corp
Oberlin Avenue
Meister Road
Regis
Edwards
Cleveland
Christopher Savenelli
Steve Manheim
N.Y
Michael Sheldon
Spencer Clarke LLC
Koesterich
Aia Ola
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