1 p.m.: Denman files for bankruptcy
LEAVITTSBURG - Denman Tire of Braceville has filed for Chapter 7 bankruptcy in U.S. Bankruptcy Court Northern District of Ohio. Chapter 7 means the tire company plans to liquidate assets, rather than reorganizing. The local tire maker has been idled since early February and in late February announced to its employees that it would be closing for 60 days. Employees have said that credit problems are at the heart of the issue, since the company has been unable to borrow money for new materials. As part of Chapter 7 bankruptcy, the company will have its non-exempt property sold off, with the money from those sales being distributed to creditors. Denman was founded in 1919 and makes tires for earthmoving, off-road and other industrial vehicles.
» Full Story11 a.m.: Cafaro ordered to jail
AKRON - Retired Youngstown real estate developer John "JJ" Cafaro pleaded guilty in federal court this morning as expected, but unexpectedly, a federal court judge ordered him to jail immediatel.
» Full Story10:55am: Kucinich will support health overhaul
WASHINGTON (AP) — Liberal Rep. Dennis Kucinich says he will support President Barack Obama's health care overhaul bill when the House considers it.
The Ohio Democrat opposed the bill when the House voted on it last year.
10:40am: Senate OKs jobs bill
WASHINGTON (AP) — The U.S. Senate is sending the first of several promised election-year jobs bills to President Barack Obama for his signature.
» Full Story2:30pm: Fed holds rates at record lows
WASHINGTON (AP) — The Federal Reserve repeated its pledge Tuesday to hold interest rates at record lows to foster the economic recovery and ease high unemployment.
But its decision draws one dissent.
2pm: Honda to recall 410,000 vehicles
DETROIT (AP) — Honda Motor Co. will recall more than 410,000 Odyssey minivans and Element small trucks because of braking system problems that could make it tougher to stop the vehicle if not repaired.
» Full Story
St. Patricks Day celebrations
Nature Week
Red Cross Month
Rick Muccio cartoon
Blessed Sacrament Parish
More community Stars
Community Stars
Mooney-Poland playoffs
