Ohio House approves right to cure consumer protection bill
The Ohio House, by a 56-35 vote, sent a GOP backed consumer protection bill to Gov Kasich. It would shield businesses from certain damages if a consumer rejects a settlement offer and later wins less in court, a change praised by proponents for speeding cases but opposed by groups like the National Consumer Law Center. Democratic Rep Dennis Murray warned the act could favor wealthier defendants and weaken traditional protections for Ohioans in the Consumer Sales Practices Act.
MENTIONED IN THIS ARTICLE
Columbus
Ohio
Ohio House
Senate
John Kasich
Columbus Dispatch
Ron Young
LeRoy Township
National Consumer Law Center
Dennis Murray
Sandusky
Wendy's names new marketing executive Craig Bahner
Wendy's Co named Craig S. Bahner as chief marketing officer effective April 2. Bahner, a 47 year old former Procter & Gamble executive, will oversee marketing and join the executive leadership team reporting to Emil Brolick. He replaces Ken Calwell who left Wendy's in 2011. The company has about 6,500 restaurants in the U.S. and 27 countries and territories.
MENTIONED IN THIS ARTICLE
Dublin
Wendy’s Co
Craig S. Bahner
Procter & Gamble Co
Bahner
Wendy’s
Emil Brolick
Ken Calwell
Wendy's
Papa Murphy’s International
Calwell
P&g
Asia
U.S
CODA to Abandon Ohio Battery Plant Plan
CODA Automotive withdraws its plan to build a central Ohio lithium ion battery plant that could have created up to 1,300 jobs. The company cites lack of U S DOE aid and continues to shift strategy while selling its debut sedan in California.
MENTIONED IN THIS ARTICLE
Columbus
Ohio
Coda Automotive Inc
Columbus Dispatch
U.S. Department of Energy
CODA
Forrest Beamum
California
After Mega Millions Win Plan for a Big Payout
John Seewer advises lottery winners to secure tickets, make copies, and store them safely. He warns against hasty generosity and urges winners to pause before sharing news or making large gifts to friends, family, or charities.
Tax impact of lottery winnings and payout choices
The piece explains federal and state taxes, plus potential city taxes, estimating about a third of winnings to government. It discusses lump sum versus annuity, citing Don McNay that nine of ten winners burn through money in five years, urging protection and pacing.
MENTIONED IN THIS ARTICLE
Ohio
Don McNay
Whom to tell first after a Mega Millions win
A winner should contact a lawyer and trusted financial team including tax experts and bankers. Oklahoma City attorney Richard Craig notes his firm has represented lottery winners. The Mega Millions lump sum is 359 million dollars before taxes. annual 26 year payments total just over 19 million per year before taxes.
MENTIONED IN THIS ARTICLE
Oklahoma City
Richard Craig
Evaluating Lump Sum Versus Annual Annuity Payouts
The article weighs lump sum and annual payment options for estate planning. It notes that a lump sum can be wise with proper investing but may trigger higher taxes, while annual payouts tax the money when received and can keep you in a lower bracket. It also mentions tax free investments and potential tax law changes.
Shielding lottery winnings in Ohio with a trust
Lottery winners face numerous requests for help and investments. In Ohio a trust can manage funds and keep winnings private, reducing unsolicited contact and protecting the winner from press and charities seeking money.
MENTIONED IN THIS ARTICLE
Ohio
Also Mentioned on This Page
Bill
Kasich
The
Associated Press
Electric Car Maker
John Seewer
Rhode Island
Johnny Maroun
Moreland Hills
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