Innis Maggiore firm grows
CANFIELD -- Innis Maggiore Group, an advertising and public relations firm, announced several new clients today:
UAlside, based in Cuyahoga Falls, a manufacturer of residential siding.
USOFCo-EFS Holdings, Alliance, a developer of solid oxide fuel cell components and fuel processors.
UMapes & amp; Sprowl Steel Ltd., Chicago, a steel service center with locations in Chicago and Chattanooga, Tenn.
UShared PET Imaging, Canton, a provider of positron emission tomography (PET) imaging services and software.
UDutch Heritage Homes, Uniontown, a regional home builder.
UHygienic Systems Ltd., North Canton, a distributor of sanitary public washroom products.
USunrise Equipment Co., Canton, a construction equipment dealer.
UTrumbull Metropolitan Housing Authority, Warren, a provider of affordable housing and various community services.
The firm employs nearly 50 associates at offices in Canton and Canfield.
National City to cut jobs
CINCINNATI -- Cleveland-based National City Corp. has notified the Ohio Department of Job and Family Services that it plans to eliminate 364 jobs in Cincinnati when it completes its $2.1 billion acquisition of Provident Financial Group Inc. by early March.
The reduction in duplicative back-office jobs, mostly of a clerical nature, was expected. Employees were notified in May, according to the notice filed with the state Friday.
National City's acquisition of the Cincinnati area Provident banks was announced last February, three months after National City landed a foothold in the St. Louis market with an agreement to acquire Allegiant Bancorp Inc. for about $475 million.
National City has banking operations in Ohio, Kentucky, Indiana, Pennsylvania, Michigan, Illinois and Missouri. Provident has 65 branches in southwest Ohio and northern Kentucky.
Earlier this month, National City reported 2004 earnings of $2.8 billion, or $4.31 per share, compared with 2003 income of $2.1 billion, or $3.43 per share.
National City shares closed down 58 cents to $35.71 in Tuesday trading on the New York Stock Exchange.
AK Steel loses $102.8M
MIDDLETOWN, Ohio -- AK Steel Corp. said Tuesday that it lost $102.8 million in the fourth quarter, despite increased sales and steel shipments, because of benefit expenses and paying down debt.
The company lost 95 cents a share for the quarter ended Dec. 31. The charges against earnings included $330.8 million related to AK Steel's pension and other post-retirement benefit plans and a $5.4 million charge for early payment of debt.
When those expenses were excluded, AK Steel earned $73.7 million, or 68 cents per share, in the fourth quarter on sales of $1.4 billion and shipments of 1.63 million tons. The earnings per share exceeded the 66 cents forecast by analysts surveyed by Thomson First Call.
Airline adds Pittsburgh leg
PITTSBURGH -- America West will begin flying between Pittsburgh and its home base of Las Vegas in April, according to officials with the Allegheny County Airport Authority.
Travelers leaving Pittsburgh for McCarron International Airport in Las Vegas can connect via America West to 41 airports in North America, including West Coast destinations and Mexico.
Las Vegas is one of the top destinations for Pittsburgh International and the new America West service will likely increase travel, said Glenn Mahone, chairman of the authority.
The daily round-trip flight departs from Pittsburgh at 8:45 a.m. and returning flights arrive at 5:35 a.m.
From staff and wire reports