The Plain Dealer from Cleveland, Ohio (2024)

The Plain Dealer Tuesday, May 18, 2004, OHIOSTOCKSCLOSEUP SEUP Ohio stocks fell, led by Cardinal Health Inc. and E.W. Scripps Co. The Bloomberg Ohio Index fell 2.51 to 200.12. Cardinal Health Inc.

EW. Scripps Co. Open Close Chg. Open Close Chg. 73.44 69.20 102.90 100.02 LOCALINTERESTSTOCKS 52 week High Low Sym.

Div. Vol. Yld. CIs. Chg.

6.87 1.74. AK Steel AKS 8658 3.98 13.82 7.30 Agilysys AGYS 0.12 1572 1.0 43 11.96 49.32 "29.06 Alcan AL 0.60 13067 1.6 49 36.92 39.44 21.831 Alcoa AM- 0.60 69947 2.1 5 21 28.70 48.16 34.55: Allstate ALL 1.12f 26447 2.6 10 43.36 53.28 Alltel AT 1.48 13283 3.0 13 49.96 35.10 25.741 Amer Elec Pwr AEP 1.40 14436 4.8 29.42 23.45 15.78: American Greet AM 4505 14 20.00 0.00 27.24 18.47: Applied Ind. Tech. AIT 0.48 544 1.9 17 25.28 9.28 5.29 Associated Estates AEC 0.68 9.3 7.29 13.26 4.26 Axcelis ACLS 7855 10.40 57.49 36.08 Banc One Corp. ONE 1.80 38728 3.9 15 46.55 34.37 23.00 Bob Evans Farms BOBE 0.48 1132 1.6 14 29.20 9.86 7.03 Boykin Lodging BOY 609 7.06 22.00 5.80 Brush Engineered BW 345 15.58 36.29 28.80 CSX CSX 0.40 12959 1.3 38 30.91 76.54 54.13 CardniHt CAH 0.12 78047 0.2 20 69.20 36.01 024.28 Cedar Fair FUN 1.80f 1232 5.6 19 31.96 5.15 2.78 CentBusn CBIZ A 2352 317 4.15 7.57 w2.42 Ceres Group CERG 1492 10 6.14 44.82 28.74% Charter One Fin'l.

CF 1.16f 27946 2.6 19 43.92 41.10 33.14. CiNergy CIN 1.88 7311 5.3 14 35.55 69.16 $14.75 Cleveland Cliffs CLF 3796 A 39.60 26.12 7.45 Cole National CNJ 1114 22.75 13.89 5.71% Coming GLW 80803 10.87 2.45 0.32. Compro Cos. CO 604 24 1.65 21.42 114.35 DPL DPL 0.94 27060 4.9 15 19.20 49.85 29.35% DaimirC DCX 6789 4.3 41.95 23.20 8.351 Dana DEN 0.48 2.6 11 18.54 12.64 2.44% DataTrak DATA 354 11.19 11.78 7.78 Delphi DPH 00 0.28 20889 2.8 9.88 42.55 26.89 Dev. Diversified DDR 1.84 3329 5.7 13 32.47 57.43 38.781 Diebold: DBD 0.74 3659 1.6 19 47.40 65.95 58.05 Dominion Rsrcs 2.58 8527 4.2 89 62.01 44.22 29.81: DowChm DOW 1.34 31640 3.6 16 36.86 62.13 38.23: Eaton ETN 1.08 19347 1.9 19 56.40 20.96 7.25 EnPro NPO 825 18.07 27.62 20.00 Ferro FOE 0.58 1679 2.4 45 24.44 60.49 51.13 Fifth Third FITB 1.28f 18762 2.4 17 52.83 3.80 1.70 First Union RE FUR 0.40 13.3 3.00 39.65 FirstEngy FE 1.50 14857 4.13 31 36.88 27.92 20.92, First Merit FMER 1.04 1061 4.4 21 23.80 55.00 38.00 Forest City Ent A 0.36 234 0.7 60 50.02 55.00 138.26 Forest City Ent 0.36 1 0.7 60 50.50 55.55 32.84 General Motors GM 2.00 60586 4.6 6 43.40 27.32 018.50 GibrStl ROCK 0.18 262 0.7% 14 25.16 40.041 32.90 16.88* Goodrich Corp.

GR 0.80 4653 3.0 28 27.03 0.78 11.97 4.49 Goodyear GT. 16151 7.85 6.20 13.110 HawkCorp 55 5.25 23.78 $18.35 Huntington HBAN 0.70 37340 3.2 13 21.82 43.50 25.45: IntiSteel ISG 4694 26.70 46.78 31.06% Invacare IVC 0.05 1288 0.1 2 17 39.34 30.49 16.91 Jo-Ann Stores Inc JAS2 604 13 24.35 00.55 25.74 12.29% Keithley 0.15 593 0.8 19.55 33.23 24.86- KeyCorp KEY 1.24 4.1 29.94 24.25 18.28% LNB Bancorp LNBB 0.72f 96 3.8 16 19.20 7.03 4.11 Larson Sess LMS 143 41 7.05 14.27 8.17 LESCO LSCO 143 1 12.70 21.65 13.00% Limited LTD 0.48f 37950 2.5 14 19.29 32.89 19.00 LincEl LECO 0.68 8 2.3 20 30.00 34.46 29.23 Lubrizol 17 1.04 3.3 31.24 29.68 18.61 MBNA KRB 0.48 49633 2.0 13 23.47 26.96 24.05 MBNA pfA KRBpA 1.87 39 7.3 25.45 36.31 23.73 USX-Marathon MRO 1.00 19285 3.0 8 33.10 36.48 20.02 May Dept Stores MAY 0.97f 16009 3.4 21 28.39 52.99 42.90 Medtrnic MDT 0.29 0.6 49.30 d26.25 23.25 MSDCX31 DKX 1.75 7.5 23.45 14.20 9.20 Myers Industries MYE 0.20 725 1.6 22 12.80 95.35 55.50 Nacco NC 1.56f 218 1.80 16 84.85 37.10 29.03 National City NCC 1.28 11035 3.7 9 34.62 29.51 Newell Rubbermaid 0.84 11768 3.7 22.68 38.41 22.28 Nordson 0.62 1.9 29 33.13 105.16 NortrpG NOC 1.84f 7449: 1.9 22 98.94 19.02 15.25 Nuveen Ohio NUO 1.00a 55 6.5 15.40 35.48 OM Group Inc. OMG 3375 24.25 14.75 3.43 Olympic Steel ZEUS 781 15 11.63 6.15 3.40% Omnova OMN 994 4.68 64.60 46.58: PPG Industries PPG 1.80f 7030 3.2 4 18 56.98 17.68 12.05, PVF Capital PVFC 0.30 8 2.0 11 14.70 13.32 4.24. ParkOh PKOH 61.00 38.90% Parker-Hannifin PH: 7.50 03.65 PolyOne POLO 33.73 13.83 Prefrmd PLPC 10.46 5.80 Premier Farnell PFP 108.85 86.51 Procter Gamble PG 2. 91.97 64.25% Progressive PGR 69.38 30.27 Qualcom QCOM 17.75 11.59 RPM RPM 33.97 25.25 Raytheon RTN 37.00 21.00 RockwlAut ROK 35.25 21.39 RockColl COL 21.98 14.75 Schulman SHLM 34.42 23.80 Second Bancorp.

SECD 39.48 26.40 Sherwin Williams SHW 11.79 1.70 Shiloh Industries SHLO 4.50 1.47 Sifco SIF 27.81 20.33 SkyFncl SKYF 53.50 35.64 Smuckers SIM A 27.70 19.50 Steris Corp. STEM 10.87. Stonerdg SRI 41.27 28.54 Sysco SYY. 24.70 Timken TKR 74.86 61.17: UPS UPS 40.15 14.90 USX-US Steel 12.50 5.74 Visteon VC 42.75 27.37. Wendys WEN 40.16 26.00 YumBrds YUM Footnotes: A (high) or (low) in the first column preceding weeks plus the current week.

Other to the seller, not the buyer; ex dividend and Business C5 DIVIDENDS Perlod Rate Stock record able Period Rate record Perlod Rate record Pay: Period Rate DeVita Inc 6-1 6-15 Watson .075 6-30 7-15 Harleysville Natl Cp .17 5-28 6-15 record x- 3 for 2 split. SPECIAL High Yield Plus Fd .0350 5-28 6-11 Bancshares 6-1 6-18 Belmont Bancorp .40 5-28 6-14 Limited Brands .12 6-4 6-15 IRREGULAR x-5 for 4 split. REGULAR MBIA .07 6-8 6-15 AU Optronics .3585 6-1 GoAmerica Inc AVX Corp :0375 5-21 6-1 NeubergBermCAInterm .0625 5-27 6-15 BOC Grp .8624 7-2 8-9 X- 1 for 10 reverse split, effective 5-17. Aberdeen Asia-Pacinc .035 5-28 6-11 NeubergBerminterm .0663 5-27 6-15 Bresler Reiner .50 6-1 6-15 Pentair Inc 6-1 6-8 Aberdeen Giblinco .06 5-28 6-11 NeubergBermNYInterm .065 5-27 6-15 Bresler Reiner .25 12-1 12-15. x-2 for 1 split.

Acadia Realty Tr .16 6-30 7-15 Pan Pacific Retail .5425 5-28 6-15 Havas Advtsng .0595 6-16 INCREASED Badger Meter Inc 27 6-1 6-15 Pope Resources .07 6-1 6-15 Industrias Bachoco .1369 5-20 5-24 Advanta Corp A .0945 5-28 6-16 CAE Inc .03 6-11 6-30 PutnamCAlnvGrMun .062 5-24 6-1 Lafarge SA .6842 5-28 Advanta Corp .1134 5-28 6-16 Corp Office Props Tr .235 6-30 7-15 .05 6-7 6-15 Telecom CpNwZealnd .4327 5-27 6-18 MutualFirst Fin'l .12 6-11 6-25 EVGlobDivinco .1025 5-27 6-3 Putnam, Geo Fd A .078 5-20 5-28 Thomson .3095 5-26 Wellco Enterprises 000 :15 5-28 6-25 EVTax-AdvDivinco .1075 5-27 6-3 PutnamHilncoBd .0465 5-24 6-1 y- pay date unannounced. RESUMED Essex Prop Tr 0 .79 6-30 7-15 PutnamHilncoOpp .099 5-24 6-1 z- approx. A amount per ADS or ADR. Everest Reinsurance 0 .10 5-28 6-18 Exchange Nat'l Bch .18 6-16 7-1 Putnm HiYld AdvB .033 5-17 5-25 STOCK INITIAL Strat Inco .0714 5-28 6-4 Putnm HiYld AdvM .036 5-17 5-25 Amcon Distributing Pentair Inc ..11 7-30 8-13 Guidant Corp .10 6-1 6-15 Putnm HiYld AdvY .038 5-17 5-25 x- 1 for 6 reverse split, effective 5-17." x- increased from amount paid prior to split. PatPDv2 .065 5-25 6-15 PutnamHiYldMuni .0335 5-24 6-1 YOU AND THE LAW Government retirees get squeezed are repaired, our garbage is collected, our communities are safe, and our children are educated.

And they typically perform these critical services for relatively low pay. What's their reward? Sadly, federal, state and local government employees are often punished at retirement time by Uncle Sam. In return for their years of hard work on our behalf, they. are stripped of a portion of their Social Security benefits. This punishment is called the Government Pension Offset.

Here's how it works. Normally, as the spouse of a retired worker, you're able to claim half of your spouse's Social Security benefits at your retirement. Let's say your spouse's full monthly benefits are: $800. You would normally be entitled to $400, because that's half. But as a government employee, the rules are different.

Uncle Sam says you are entitled to receive retirement benefits from Social Security (based on your spouse's work record) only to the extent that they exceed two-thirds of the amount of your government pension. Here's how the offset works against you: Let's say you worked as a police officer and earned a monthly government pension of $600. Two-thirds of your $600 If your spousal beneArmond fits happen to total Budish $400 (or less), you would end up losing out completely on the spousal Social Security benefits you would normally have received. If your spousal Social Security would have been $500, you would receive only $100. Now let's change the picture just a little bit.

Instead of work-, ing for the city as a police officer, you worked as a security officer for a private company. At retirement, you've earned a. $600 monthly pension from the company. You would get to keep your $600 pension and your entire So-. cial Security benefits of $400 as well.

That's because private pensions don't affect your spousal Social Security benefits. So far I've only been talking about how the Government Pension Offset strips away spousal benefits under Social Security. But there's also another closely related rule, called the Windfall Elimination Provision, that will reduce even your own Social Security benefits at retirement. If you worked for both the government and a private company, perhaps at different times during your life, earning both a government pension and Social Security benefits, your own Social Security benefits are likely to be slashed. Federal legislation Several bills have been introduced in Congress to repeal the Windfall Elimination Provision: In the House: H.R.

594 In the Senate: S.B. 349. To contact your representatives, call: 202-224-3121 Note that federal employees are likely to see their Social Security benefits reduced only if they are getting a Civil Service Retirement System pension as well. Federal service where Social Security taxes are withheld (e.g., Federal Employees Retirement System) will not reduce your Social Security benefits. There's a complicated formula to calculate the reduction, but your Social Security benefits typically will be cut from 5 percent to as much as 60 percent.

For example, let's say you turn 62 this year, after working for a. private company for 20 years with "substantial" earnings. In addition, you worked a number of years for the government. When you reach age 65 and 10 months, you normally would be entitled to your full Social Security retirement benefits of $1,306 per month. But the Windfall Elimination Provision would reduce your Social Security benefits by $306, leaving you with $1,000 per month.

To calculate your specific reduction, you may use Social Security's Online Calculator at www.ssa.gov/retire2/ The Windfall Elimination Provision applies to most, but not all, government workers who don't pay Social Security tax. There are a few exceptions to the provision. You will not lose part or all of your Social Security benefits if: You are receiving survivor benefits following the death of a spouse. You were a federal worker first hired after Dec. 31, 1983.

Your only pension is based on railroad retirement. Your only government work (where you did not pay Social Security taxes) was before 1957. You have 30 or more years of "substantial earnings" in a job covered by Social Security (e.g., a non-government job). Social 1 Security has a table listing the amount of earnings that will be considered "substantial." In 2004, the amount is $16,275. The amount is less for each preceding year.

For example, for 1997 the amount was $12,150. Budish is a partner in the law firm of Budish Solomon in Pepper Pike. He also is host of "Golden Opportunities," a television show dealing with issues of interest to people 50 and older, at 11:30 a.m. Sundays on WKYC Channel 3. To reach Armond Budish: 3 High-court bankruptcy rulings in consumers' favor GINA HOLLAND Associated Press Government workers, including police, firefighters and teachers, provide valuable services to all of us.

They make' sure our streets WASHINGTON The Supreme Court made it easier Monday for financially troubled people 1 to go to bankruptcy court to get relief from education loans or other debts. Justices sided with a former Tennessee student who said she could not afford payments on $4,000 in state-backed education loans. The state argued that it could not be taken to federal bankruptcy court against its wishes. Justices agreed 7-2, though, to let Pamela Hood pursue her case. The decision was one of two involving bankruptcies issued by the court on Monday.

In the pension would be $400. So you would only be entitled to Social Security based on your spouse's, work record that exceeds $400. other, the court was sharply split over how judges should determine interest rates for people on installment payment plans as they reorganize their finances. In the student loan case, Tennessee had the backing of 48 states that urged justices to protect states from federal court actions by people seeking to avoid paying state judgments. States are ordinarily immune from lawsuits by private individuals, unless the state waives its immunity or unless Congress expressly overrides it.

The high court dodged that question. Chief Justice William Rehnquist, writing for the majority, said a bankruptcy court can decide the narrow question of whether a student loan debt is an undue HELP YOUR HEART Contact the American Heart Association for free information sure, cholesterol, exercise and more. Call 1-800-242-8721 A BOB GILLINGHAM FORD Marty Murray says: 14 "Let me make your buying experience a pleasurable one." 7 yrs. Ford exporiance 1-866-337-1090 8383 BROOKPARK RD. PARMA www.bobglllinghamford.com Not the Same-Old Same-Day Delivery.

Reliable Runners revolutionized same day delivery and logistics throughout NE Ohio and beyond with eZrunner on-line order entry, tracking and reporting for you. Plus GPS, intelligent dispatch and mobile data technology for our fleet. It's more than "faster delivery." It's better performance, better ROI and total support for you. And now, for every dollar you spend via eZrunner, you earn Runner Rewards points, good at Giftcertificates.com OR for automatic contributions to leading charities in your name. ti Check it all out at www.rrunners.com.

RUNNERS Or call us at: 440.530.2000 Promo Code: PD101 1, u- 4C1 4... a he 1 hardship without implicating state immunity. "It's a great relief for consumer debtors," said John Rao, lawyer for the National Consumer Law Center. Hood had borrowed money for school between 1988 and 1990. She filed for bankruptcy in 1999, and the bankruptcy court discharged debts other than her student loans.

She went back to court to claim the student loan repayment would be too difficult. Hood's lawyer, Leonard Gerson, said the ruling reverses a trend of high court decisions in favor of states. It is important, he said, because states are creditors in many cases pending in bankruptcy courts. In the second case, the court ruled 5-4 in favor of a couple in Kokomo, who couldn't afford the 21 percent interest payments on their used truck. They wanted to keep the truck while they reorganized their finances in bankruptcy 'court under Chapter 13, one of the most common kinds of bankruptcies, with more than 473,000 filed last year.

At issue was the interest rate on the truck, which was worth less than they owed on it. Justice John Paul Stevens, writing for himself and three colleagues, said that judges should decide an appropriate interest rate "a rate high enough to compensate the creditor for its risk but not so high as to doom the plan." on stroke, heart attack, nutrition, high blood presor visit www.americanheart.org. Get in An Oldsmobile BREAK E) THROUGH 2004 XLRs BRAND Ready Immediate For Delivery! BARRY OLDSMOBILE CADILLAC BRAND NEW 2004 DEVILLES BRAND NEW 2004 SEVILLES Stk. GM Employees and Suppliers. Save an additional $1000 9 al similar savings Full Power CD Changer Dealer Leather Moonroof.

Seating Disc. MSRP 49,380 -9001 OFF Keyless Chrome entry Wheels $40,379 Sevilles Includes All Factory Rebates, All Incentives Retained by Dealer Sale ends 750 Cleveland St. Corner of Rt. 57 Center St. Elyria 440-365-7373 CLEVELAND ST.

149 11.94 0.76 7085 1.4 23 53.03 3045 6.38 0.80 3.4 30 23.80 ENC 0.30e 77 3.5 8.68 2.00f 34667 1.9 106.28 0.10 9866 0.1 13 82.96 0.40f 85950 0.6 39 62.56 0.56 8038 4.1 36 13.50 0.80 18856 2.5 34 32.37 0.66 10052 2.1 18 31.66 0.36 5242 1.2 18 29.37 0.54 883 2.8 33 19.55 NC 0.76 77. 2.6 16 29.41 0.68 6714 1.9: 15 36.32 73 17 7.82 60 3.68 0.84 821 3.6 12 23.46 1.00f 1998 2.0 22 49.26 1 3684 16 21.92 827 15 15.49 0.52 12219 1.4 28 37.90 0.52 2530 2.5 34 21.00 1.12 17354 1.6 26 69.36 0.20 3. 27953 0.8 25.78 0.24 11403 2.5 9.66 0.48 10382 1.3 17 36.32 hi 17 36.24 indicates a new price record for the 52 notes: ex dividend, or any dividend sales in full; total sales figure shown. 1.

The Plain Dealer from Cleveland, Ohio (2024)

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