REGION

REGION
Donations sought forlocked-out RMI workers
NILES -- A penny drive for the locked-out workers of United Steelworkers of America Locals 2155 & amp; 2155-7 at RMI Titanium will begin Tuesday. Donation cans will be placed in businesses in Trumbull and Mahoning counties.
Donations also may be dropped off at the union hall at 1265 N. Main St. between 7 a.m. and 11 p.m. Monday through Friday.
Businesses interested in displaying a donation can call (330) 792-0037 or (330) 881-8588.
Timken Corp. to increaseprices on steel products
CANTON -- The Timken Corp. said it will increase prices on tubular steel products by 3.5 percent to 10 percent, depending on size, grade and finish of the steel. Double thermal-treated products will increase by an additional 2 percent.
The increases apply to new orders received after Monday and to existing orders promised for shipment Oct. 1 or later. Raw material surcharges will remain in effect. The Canton-based maker of highly engineered bearings and alloy steels has a plant in Vienna.
NATION
Greenspan suggests risein federal interest rates
WASHINGTON -- Federal Reserve Chairman Alan Greenspan says policy-makers probably can boost interest rates gradually to head off inflation, but he's not ruling out more aggressive action -- a strong signal the Fed is poised to raise rates this month for the first time in four years. For nearly a year, a key short-term interest rate used by the Fed to influence economic activity has been at 1 percent, a 46-year low. With the economy now on firm footing, the support provided by such ultra-low rates "will become increasingly unnecessary over time," Greenspan told an international monetary conference Tuesday.
From Vindicator staff and wire reports