The Plain Dealer from Cleveland, Ohio (2024)

1, The Plain Dealer Tuesday, August 10, 2004 OHIOSTOCKSCLOSEUP Ohio stocks fell, led by Nacco Industries Inc. and Ffd Financial Corp. The Bloomberg Ohio Index fell 0.33 to 201.28. Nacco Industries Inc. Fid Financial Corp.

CIs. Prev. CIs. Chg. CIs.

Prev. CIs. Chg. 81.55 84.51. 14.50 16.27 ya.

3. LOCALINTERESTSTOCKS 52 week High Low Sym. Div. Vol. Yld.

CIs. Chg. 7.49 AK Steel AKS 12822 5.70 15.00 8.30 Agilysys AGYS 0.12 1322 0.9% 29 13.80 49.32 34.75: Alcan AL 0.60 6843 1.5 20 39.03 39.44 26.16 Alcoa AA 0.60 34113 2.0 22 29.89 48.16 34.88 Allstate ALL 1.12 18632 2.4: 10 46.51 53.68 43.75 Alltel AT 1.48 6279: 2.9 17 51.40 35.10 $26.69: Amer Elec Pwr AEP 1.40 12141 4.4 31.60 24.18 17.17 American Greet AM 3 2837 19 22.24 33.00 19.70 Applied Ind. Tech. AIT 0.56f 1796 2.1 17 27.29 9.30 5.75 Associated Estates AEC 0.68 :30.

617 7.50 9.03 13.26 Axcelis ACLS 1 6677 49 8.40 34.37 25.06' Bob Evans Farms BOBE 0.48 2108 1.8 12 26.01 9.86 7.00 Boykin Lodging BOY 285 2 8.26 22.00 17.56% Brush Engineered BW 835 17.95 35.98 23.55 CDI CDI 0.44f 1434 1.9 22 23.48 36.29 28.80 CSX CSX 0.40 7498 1.3: 39 30.16 76.54 42.601 CAH 0.12 27184 0.3 13 43.81 36.01 24.88. Cedar Fair FUN 1.80 539 6.1 18 29.55 5.15 3.15 CentBusn CBIZ 5842 16 4.04 7.57 3.16 Ceres Group CERG 473 9 5.24 44.82 30.10 Charter One Fin'l. 1.16 9312 2.6 19 44.12 41.10 33.28 CINergy CIN 1.88 7273 4.8 18 38.77 NC: 69.16 21.19 Cleveland Cliffs CLF 2045 63.62 27.52 9.70 Cole National CNJ 1459 27.19 29.53 21.04 ConAgra CAG 1.04 5872 4.0 3 16 25.76 21.70 8.10 CtiAir CAL 21610 4 7.85 13.89 7.36 Corning GLW 62609 11.01 2.84 0.39 Compro Cos. CO 54 1.71 21.42 15.10 DPL DPL 0.94 3588 4.9 15 19.33 49.85 34.56 DaimirC DCX 1.82e 2627. 4.4 41.65 23.20 14.47.

Dana DCN 0.48 4460 2.7 9 17.76 13.22 3.97. DataTrak DATA 98 11.19 NC 11.78 8.10 Delphi DPH 0.28 13911 3.1 9.02 42.55 28.00 Dev. Diversified DDR AS 2.04f 1398 5.6 15 36.44 57.43 43.88 Diebold DBD 0. 0.74 2464 1.6 18 45.40 65.85 59.27 Dominion Rsrcs 2.66f 9007 4.2 90 62.94 44.22 32.20 DowChm DOW 1.34 27720 3.5 15 38.82 65.88. 41.51' Eaton ETN 1.08 7572 1.8 21 61.25 19.00 8.25 EducLend EDLG 829 14.52 25.20 8.60 EnPro NPO 2522 11 18.43 27.62 18.55 Ferro FOE 0.58 1433 3.0 36 19.17 60.01 47.62 Fifth Third FITB 1.28 12372 2.7 15 47.44 3.80 1.73.

First Union RE FUR 0.40 700 13.2 3.03 40.35 25.82 FirstEngy FE 1.50 13370 3.8 20 39.46 27.92 23.00 First Merit FMER 1.04 2006 4.1 25 25.65 55.00 40.20 Forest City Ent A 0.401 75 0.8 76 52.35 55.00 40.65% Forest City Ent 0.40f 55 0.8 76 52.75 55.55 36.83: General Motors GM 2.00 1 36121 4.8 6 41.44 35.59 20.14 GibrStl ROCK. 0.20f 509 0.7 14 29.48 33.90 21.32: Goodrich Corp. GR 0.80 5075 2.7 25 29.90 11.97 5.14 Goodyear GT A 25488 10.34 16.00 GrafTech GTI 8864 9.53 8.60 HawkCorp HWK 115 6.47 25.07 19.66. Huntington HBAN 0.80f 6895 3.3 14 23.89 43.50 25.45 ISG 8438 29.85 46.78 34.90° Invacare IVC 0.05 1637 0.1 42.25 30.49 18.55 Jo-Ann Stores Inc JAS A 336 13 26.00 25.74 13.90 Keithley KEI 0.15 403 0.8 50 18.49 33.23 25.35 KeyCorp KEY A 1.24 7647 4.2 13 29.75 NC: 21.60 18.28 LNB Bancorp LNBB 0.72 134 3.7 17 19.55 8.48 4.72 Lamson Sess LMS 463 29 6.87 14.27 9.95 LESCO LSCO 72 13.30 21.65 14.82 Limited LTD 0.48 12599 2.5 14 19.23 34.96 21.50 LincEl LECO: 0.68 1129 2.2 2 19 31.57 55.48 43.10 LockhdM 0.88 19671 1.7 21 52.70 36.94 29.23 Lubrizol L7 1.04 907 3.1 22 33.23 29.68 22.00 MBNA KRB 0.48 27601 2.0 12 23.56 26.96 24.05 MBNA pfA 1.87 4 7.3 25.70 38.82 25.89 USX-Marathon MRO 1.00 13321 2.8 8 35.91 36.48 23.70 May Dept Stores MAY 0.97 22006 3.9 18 24.90 81.34 59.15 McGrH MHP. 1.20 3217 1.6 20 73.50 NC 52.79 42.90 Medtrnic MDT A 0.34f 25621 0.7 30 48.55 26.25 22.48 MSDCX31 DKX: 1.75 45 7.2 24.41 14.89 9.78 Myers Industries MYE 0.20b 449 1.7 18 12.05 97.66 69.00 Nacco NC 1.56f 318 1.9 15 81.55 37.10 29.03 National City NCC: 1.40f 11116 3.9 10 35.91 'I 26.41 20.27 Newell Rubbermaid NWL 0.84 11912 4.0 21.00 .00 43.78 22.65 Nordson NDSN 0.64f 2071 1.6 28 38.98 55.05 41.50 NortrpG NOC 0.92 12383 1.8 20 51.69 18.78 15.25 Nuveen Ohio NUO 1.00a 79 6.1 16.45 35.48 12.60 OM Group Inc.

OMG 3017 27.78 24.90 3.80 Olympic Steel ZEUS 3175 8 21.30 6.80 3.40 Omnova OMN 481 5.55 59.79 46.41 PNC PNC 2.00 A 6469 4.0 12 49.81 64.60 51.58 PPG Industries PPG 1.80 4076 3.2 17 56.96 17.68 12.81 PVF Capital PVFC 0.30b 43 1.8 0 17. 16.42 18.16 6.10 ParkOh PKOH: 3887 18.20 61.00 143.90 Parker-Hannifin PH 0.76. 11145 1.4 18 53.58 7.58 3.65 PolyOne POL 1296 6.86 33.73 15.50. Prefrid PLPC 0.80 3.5 21 22.70 NC 10.46 7.30 Premier Farnell PFP 0.32e 54 4.4 7.21 91.97 64.26 Progressive PGR 0.10 10059 0.1 11 74.47 73.50 35.15: Qualcom QCOM 0.56f 74565 0.8 35 68.65 49.79 $31.10 Quanex NX 0.68 696 1.6 15 41.64 17.75 12.90 RPM RPM 0.56 6564 3.7 12 15.11 35.85 25.25. Raytheon RTN 0.80 19888 2.3 75 34.45 38.24 25.25 RockwiAut ROK 0.66 5952 1.8 21 36.10 35.72 24.77.

RockColl COL 0.48f 6505 1.4 21 33.65 21.98 Schulman SHLM 0.54 986 2.8 21 19.41 41.70 28.65 Sherwin Williams SHW 0.68 5909 1.8 15 38.21 18.67 $2.91 Shiloh Industries SHLO 500 17 14.57 4.50 1.88 Sifco SF 181 3.30 27.81 22.06 SkyFncl SKYF 0.84 1317 3.6 12 23.65 53.50 38.01 Smuckers SIM 1.00 2514 2.3 20 43.72 27.70 19.50 Steris Corp. STE 4866 15 20.45 17.97 12.28 Stonerdg SRI 213 11 13.33 41.27 29.26 Sysco SYY 0.52 11755 1.6 25 33.40 26.49 14.76 Timken TKR 0.52 4282 2.3 27 22.92 38.30 28.64: TootsieR TR 0.28b 933 1.0 23 29.08 75.29 61.17 UPS UPS 1.12 19177 1.6 0 25 70.51 40.15 16.39 USX-US Steel 0.20 20876 0.6 34.96 12.50 5.74. Visteon VC 0.24 12814 2.6 9.15 37.82 29.57 Walgm WAG 0.21f 15841 0.6 28 35.24 46.85 36.80 WA Mutl WM 1.76f 20644 4.6 10 37.97 42.75 27.76 Wendys WEN 0.48 -13398 1.4 15 33.80 64.00 52.00 Wrigley WWY 0.94 10120 1.5 29 61.65 44.03 26.45 YellowRd YELL 5591 21 40.79 40.16 28.45 YumBrds YUM 0.40 8925 1.1 16 37.15 Footnotes: A (high) or (low) in the first column indicates a new price record for the 52 preceding weeks plus the current week. Other notes: ex dividend, or any dividend payable to the seller, not the buyer; ex dividend and sales in full; 2 total sales figure shown. Business C5 DIVIDENDS A Period Rate Stock record Period Rate Stock record able Period Rate Stock record Pay11 Period Rate Stock record Anadarko Petroleum 0 .14 9-8 9-22 MuniAssets Fund .066 8-16 8-30 MuniYid NJ Fund .08 8-16 8-30 Apex Municipal Fd .048 8-16 8-30 MuniEnhanced Fd .061 8-16 8-30 MuniYld NJ Insd .078 8-16 8-30 IRREGULAR Beazer Homes USA .10 9-10 9-22: MuniHidgs CAIns .079 8-16 8-30 MuniYld NY Insd .07 8-16 8-30 British Sky Bdcstgz .2396 10-29 11-26 Corp Hi Yld .074 8-16 8-31 MuniHldgs FLins .086 8-16 8-30 MuniYld PAIns .083 8-16 8-30 Highveld Steel 2 .192 9-3 9-20 Corp Hi Yld Ill .072 8-16 8-31 MuniHldgs Fd .096 8-16 8-30 MuniYld QItyll .072 8-16 8-30 Imperial Chem .2507 8-20 10-8 Corp Hi Yld .132 8-16 8-31 MuniHIdgs Fdil .087 8-16 8-30 MuniYld Qity .081 8-16 8-30 Lipman Elec Eng.

.196 Corp Hi Yld VI .1188 8-16 8-31 MuniHidgs Insil .073 8-16 8-30 National HIthcare .125 9-30 12-1 Telecom 8-23 9-8 Debt Strategies .055 8-16 8-31 MuniHidgs Ins .076 8-16 8-30 Nike Inc .20 .5767 8-26 9-17 Deswell Industries .24 8-23 9-6 MuniHIdgs NJIns .079 8-16 8-30 Pioneer HilncoTr .1375 8-16 9-13 10-4 8-31 NewZealand7 Ultrapar ParticSA .4336 8-19 9-9 Equifax Inc .03 8-25 9-15 MuniHidgs NYIns .079 8-16 8-30 Pioneer MuniHiAdv Utd Busn Media .0437 8-13 11-1 Floating Rate Inco .075 8-16 8-31 MuniVest Fdll .092 8-16 8-30 .0938 8-16 8-31 A ADR. Hanco*ck, JTaxAdvDiv .0967 8-19 8-31 MuniYld CA Fd .081 8-16 8-30 Pioneer Pioneer MuniHilnc .09 8-16 8-31 z- INCREASED approx. amount per or TaxAdvBal .0687 ADS 8-16 8-31 insured Muni inco .065 8-19 8-31 MuniYld CA Ins .073 8-16 8-30 IncoStrat .1667 8-16 8-31 (-Sea Transp Fncl .525 8-12 9-16 Inv Grade Muni Inco .075 8-19 8-31 MuniYld FL. Fd .077 8-16 8-30 Pfd Inco Strat .1667 8-16 8-31 State INITIAL Auto .045 9-15 9-30 .1042 9-13 9-23 MuniYld FL Insd .078 8-16 8-30 Renaissance CapGr3 .10 8-17 8-31 Managed HiYldPlus .055 8-19 8-31 MuniYld Fd .081 8-16 8-30 Rock of Ages Corp .02 8-16 9-15 REGULAR Strategs ..30 8-16 9-9 Maxim Integrated .08 8-16 8-31 MuniYld Insd .081 8-16 8-31 Russ Berrie Co .30 8-20 9-3 Muni IntermDur .072 8-16 8-30 MuniYld MI Insil .078 8-16 8-30 Senior Hi Inco Ptf .045 8-16 8-31 Amcore Financial 0 .17 9-1 9-13 Muni NY IntermDur .06 8-16 8-30 MuniYld MI Insd .084 8-16 8-30 g- payable in Canadian funds. pl A YOU AND THE LAW 1 Bet on paying taxes when you gamble, win Special to The Plain nual tax return.

The IRS recommends you keep dard deduction you would get Dealer So, if you win a a diary of winnings and losses, anyway. prize in 2004, the in- which details: Are winnings subject to Ohio You spent a pleasant come should be re- The date and type of each gam- income tax, too? Yes. When you day at the racetrack, and ported on your return bling activity. add the Ohio income tax (maxiin the third race, you hit due next April. The location of the gambling mum rate of 7.5 percent) to the a big payoff.

But lady Armond If you win the lot- establishment. federal tax (maximum rate of 35 luck left you when a no- tery in December The names of others with you. percent), the tax collectors could tice arrived from Uncle Budish 2004, but don't actu- The serial number of the slot wind up doing almost as well as Sam informing you that ally receive the money machines or game tables you you from your winnings. taxes, interest and penal- until January 2005, played. Your gambling winnings may ties were due on your winnings.

then you must report the income The amounts you won or lost. cause you to pay additional taxes How is it possible that, even on your 2005 return. In addition, you should keep on your Social Security, too. though you lost more than you But if you win more than any other documentation of Let's say you win, and your won that day at the track, you're $5,000, you'll pay at least some losses, including: wagering tick- losses for the year do not add up still in trouble with the IRS? of the tax immediately. The payer ets, canceled checks, credit card to the amount of your winnings.

Gambling has become big generally is required to withhold statements, copies of validated If you're looking at taxes of 50 business in the United States. 25 percent of the proceeds (28 keno tickets, casino check-cash- percent or more, you may decide Even though we don't have ca- percent if you did not provide ing records and unredeemed rac- to gamble more before the end of sino gambling in Ohio, there are your Social Security number to ing and lottery tickets. Also keep the year. For every dollar you still many opportunities for wa- the payer). hotel bills, airline tickets and gas lose, you're saving 50 cents or gering.

You can find casinos in Can you report that you won credit card statements that show more in taxes, so at that point Michigan, Indiana, New Jersey, less by offsetting winnings with that you actually went to the the government is effectively Nevada and a growing number of losings? gaming establishment. subsidizing your gambling for other states. Even here, you can No. You must report the full Keep evidence of your losses the rest of the year. Of course, wager as much as you desire on amount of your winnings to the even if you haven't yet won for wouldn't it be just your luck to state-sponsored lottery games.

IRS. You cannot simply subtract the year. It's much harder to re- win again and have to pay Or, you can participate in state- the amount you lost and report create the evidence of losses more taxes! (Although I wouldn't approved church raffles or bingo only your net winnings. months later. bet on it.) games.

Your home computer also But you are permitted to sepa- There's an old story told of a opens the door to thousands of rately claim a tax deduction for gambler who submitted bags full Armond D. Budish is a partner in Internet gambling sites. your gambling losses, up to the of racing slips to show his the law firm of Budish Solomon. Many folks fail to understand amount of your winnings. The claimed losses.

His claim was re- in Pepper Pike. He also is host of that when you win, Uncle Sam losses do not have to be from the jected when it was discovered "Golden Opportunities," a televiwins, too. Or at least he's sup- same game that produced your that the slips all had footprints sion show dealing with issues of posed 1 to. Gambling payoffs, no winnings. on them (obviously of other bet- interest to people 50 and older, at matter how large or small, are The questions is: How can you tors).

11:30 a.m. Sundays on WKYC taxable income and must be re- prove the amount you have lost? Note that the ability to deduct Channel 3. ported on your returns. This in- For most of us, that's tough. We losses may not benefit you.

If you cludes the fair market value of throw away our losing lottery don't have other itemized deduc- To reach Armond Budish: noncash prizes, such as cars, tickets, race track stubs or bingo- tions, your tax-loss deduction trips and dinner coupons. The card receipts. may not be as much as the stanrule applies to winnings from all sources, from casinos to office pools. The law says you must report your winnings. But what if you don't? No one knows for sure how much in winnings goes unreported.

But for winnings of $600 or more ($1,200 from bingo or slot machines, $1,500 from keno), they've got you. The payer is required to issue you an IRS Form W-2G. Both the IRS and the state get a copy, too. Have you heard the bells going off when some lucky Joe hits the slots? Not only does that add to the excitement, but it also alerts the management to send someone over to get your tax information. When is the tax due? You must report the winnings on your an Japanese bank ready to hear bid from second suitor New York Times TOKYO UFJ Holdings, the target of an unusually contentious Japanese takeover battle, said Monday that it was now willing to consider an offer from the Sumitomo Mitsui Financial Group, though it still hoped to combine with the Mitsubishi Tokyo Financial Group, Japan's second-largest banking group.

A merger between UFJ and either of the larger rivals would create the world's biggest bank in terms of assets, eclipsing Citigroup. The stakes are high, both because of the huge size of any deal, and because the winner could become the dominant power in Japanese banking just as the industry is strengthening after a long battle to eliminate worrying levels of bad loans. UFJ has a market value of about $20 billion. Sumitomo Mitsui, Japan's third-largest bank, upped the ante Friday with an offer to provide at least 500 billion yen ($4.5 billion) in fresh capital to help UFJ cover losses on bad loans. UFJ has been under pressure from shareholders to entertain an offer from Sumitomo Mitsui.

While neither of the potential buyers has disclosed how much it would pay for UFJ, analysts say the competing bids will almost certainly result in a higher price. 7 4' THE BEST LOCAL 1 AUDIENCE YIELDS THE BEST RESULTS Go 3 Place your classified ad and get the results you've been looking for. Your classified ad will appear in The Plain Dealer and on cleveland.com. The Best Local Classifieds in Print and Online 2 "A THE PLAIN DEALER CLEVELAND.COM CALL 216-999-5555 or go to cleveland.com/plaindealerads to get started. i.

The Plain Dealer from Cleveland, Ohio (2024)

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