REGION

REGION
New equipment on display at P.E.T. Scan open house
BOARDMAN -- Youngstown Regional P.E.T. Scan will hold an open house from 2 to 7 p.m. Thursday at its office at 850 McKay Court. The office has installed a positron emission tornography scanner which is used to detect diseases that other imaging techniques cannot detect.
350 workers will be laid off at Ohio Hoover plant
NORTH CANTON -- Hoover Co. will lay off about 350 local production workers due largely to a slump in consumer demand.
The move was not unexpected, said Jim Repace, president of International Brotherhood of Electrical Workers Local 1985, which represents about 1,800 production workers at Hoover.
Ralph Hake, chairman and CEO of Maytag, which owns Hoover, said in April that the company's sales volume declined sharply.
WORLD
Greenspan says economy will begin to turn around
BERLIN -- Federal Reserve chairman Alan Greenspan lauded the "remarkable resilience" of the U.S. economy Tuesday, predicting that growth will pick up soon and praising the timing of the Bush administration's tax cut. Speaking by video link to other top central bankers gathered in Berlin, Greenspan said indications were that a "fairly marked turnaround" was on the way.
Multiple shocks in the past several years -- including the Sept. 11 terrorist attacks, the bursting of the stock-market bubble and corporate accounting scandals -- would have meant a serious recession 30 or 40 years ago, Greenspan said. But years of deregulation and the flexibility learned from the pressures of global competition have made U.S. businesses and the economy more resilient today.