Holiday Inn's new owners
BOARDMAN -- DeBartolo Holdings LLC sold the 158-room Holiday Inn property, Youngstown-South Avenue, to Janus Hotels and Resources Inc., a company based in Boca Raton, Fla. Mike Nanowski, the president of Janus Hotels and Resources Inc., is a native of Youngstown. He was unavailable to comment Tuesday.
Gerald DeNicholas, president and chief executive officer of DeBartolo Holdings, said he was confident that the buyers will support the growth of this property through established and dedicated regional marketing programs consistent with those that DeBartolo has successfully employed through the years, according to a press release.
WARREN -- Steven R. Lewis, First Place Financial Corp. president and chief executive officer, and Paul S. Musgrove, chief financial officer, will make an investor presentation at the Keefe, Bruyette & amp; Woods sixth annual Community Bank Investor Conference July 25-27 in New York City.
The company's investor presentation at the conference will be available for viewing by live Webcast and may be accessed at http://www.kbw.com/communitybank.htm. Anyone who intends to listen to the live Webcast should go to the Web site at least 15 minutes before the start of the presentation to register and to download and install any necessary software.
RTI internal investigation
NILES -- RTI International Metal Inc. has announced a voluntary internal investigation of certain titanium plate products that were improperly inspected at its titanium mill in Niles. The company said it has no reason to believe that any of the material is defective, and is working with all affected customers. The issue came to light during an internal quality review, which disclosed that three employees conducted improper quality testing on a limited number of titanium plates. The plates involved represent about 1 percent of the titanium plates manufactured at the facility, none of which was used in rotating engine parts.
Better quarter for Sky
BOWLING GREEN -- Sky Financial Group Inc. reported its second quarter financial results, including increased net income and decreased annualized rates of return on equity and assets.
The company reported a second quarter net income of $48.5 million, or 45 cents per diluted share, compared to the 2004 figure of $40.2 million, or 43 cents per share. Core operating earnings were $49.1 million, up from $40.2 million a year ago.