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REGION



Published: Fri, April 4, 2003 @ 12:00 a.m.



REGION

Japanese company names local company distributor

SHARPSVILLE, Pa. -- Futaba Corp., a Japanese company that makes wireless radio remote controls for industrial and commercial uses, has named Cattron-Theimeg as its exclusive distributor for North and South America. Futaba's industrial radio control products have been distributed in Canada on a non-exclusive basis by Cattron-Theimeg Canada, Ltd. Futaba said its wireless products will complement the remote control products of Sharpsville-based Cattron-Theimeg. Jim Robertson, president and chief operating officer of Cattron-Theimeg, said combining the expertise of the two companies will result in more products and enhanced service and support.

Regulators issue subpoenain energy swap probe

COLUMBUS -- Federal regulators investigating energy trading activities have issued a subpoena to American Electric Power, seeking more information about a type of energy swaps that could inflate revenues and trading volumes in electricity markets.

The subpoena by the Securities and Exchange Commission follows an August informal request that the Columbus-based utility provide it with documents related to such "round-trip" or wash trades.

NATION

Pilots consider pay cuts

FORT WORTH, Texas -- Over the next two weeks, American Airlines pilots must decide which is worse -- steep salary cuts and 2,500 positions culled from their ranks or a company bankruptcy filing in which a court is likely to impose even harsher measures.

Pilots may opt for a one-year pay cut of 23 percent and a 17 percent pay cut for the remainder of the six-year agreement, union leaders say. The deal also provides profit sharing of up to 15 percent annually and stock options.

From Vindicator staff and wire reports




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