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LOCAL



Published: Tue, February 8, 2005 @ 12:00 a.m.



LOCAL

Chamber hosts seminaron unemployment

NEW CASTLE, Pa. -- The Lawrence County Chamber of Commerce is hosting a seminar from 8:30 to 10 a.m. Friday to explain how the unemployment compensation system works, how individuals costs are determined, and how to respond to and manage claims. The seminar, in the chamber board room, will be presented by Bob Christoff, manager of human resources consulting for Walker Benefits Inc. Cost is $15 for chamber members and $25 for nonmembers. Register no later than Wednesday by calling the chamber at (724) 654-5593 or e-mailing at info@lawrencecountychamber.com

REGIONAL

National City Corp.plans February Webcast

CLEVELAND -- National City Corp. will host a Webcast, "Mergers and Acquisitions Market Overview," at noon Feb. 17. J.W. Sean Dorsey, senior managing director of investment banking at National City, will discuss trends in the mergers and acquisitions market, including the emergence of private equity, the ongoing surplus of uncommitted capital in buyout funds, the increasing activity of foreign takeovers, and current and historical purchase price multiples. Register online by visiting www.NationalCity.com/Seminars. Space is limited and registration is required by Friday. The Webcast schedule is: 11:45 a.m., login; noon, speaker presentation; 12:45 to 1 p.m., questions and answers. The Webcast may qualify for one recertification credit by the Association for Financial Professionals. For information on the recertification process, visit www.AFPonline.org. Dorsey leads the investment banking division at National City where he focuses on mergers and acquisitions and strategic advisory.

NASA research centerplans to cut jobs

CLEVELAND -- The NASA Glenn Research Center will eliminate 700 of its 1,900 jobs by the end of 2006 as the space agency cuts back on aeronautics research, the center's director said Monday. President Bush's goal of exploration of the moon and Mars is forcing cuts in aircraft research, a field the Cleveland center was built upon, NASA Glenn director Julian Earls . NASA Glenn's budget will be cut from $640 million in fiscal year 2005 to $520 million in fiscal year 2006, under Bush's plan. Officials at the Cleveland center said they hope the majority of the job cuts will be done through retirement, early retirement and other buyouts.

NATION

Coke, Pepsi to launchnew lines with Splenda

ATLANTA -- The Coca-Cola Co., the world's biggest soft drink maker, said Monday it will begin selling Diet Coke sweetened with sugar substitute Splenda in the spring. Rival PepsiCo Inc., meanwhile, said it plans to reformulate its single-calorie drink Pepsi One with the sweetener as well. Coca-Cola will continue to sell traditional Diet Coke, which is flavored with aspartame, separately. Diet Coke with Splenda is expected to be launched in the second quarter, the Atlanta-based company said in a statement. Purchase, N.Y.-based PepsiCo, meanwhile, plans to launch Pepsi One reformulated with Splenda in March, spokesman Dave DeCecco said.

WORLD

Cuban government banssmoking in public places

HAVANA -- Cuba banned smoking in public places on Monday as the government of the country known for its famous cigars acknowledged the health risk of tobacco. Smoking will be banned in restaurants, except in designated smoking areas, and cigarette machines also will be removed. The law will also suspend sales of cigarettes to children under age 16 and at stores less than 100 yards from schools.

Vindicator staff/wire reports




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