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Business news digest

Tuesday, August 26, 2008

REGION

Chamber to honor 3

YOUNGSTOWN — Youngstown State University President David C. Sweet will be one of three community leaders recognized for advancing economic development in the Mahoning Valley when the Youngstown/Warren Regional Chamber presents its annual Salute to Business breakfast at 7:30 a.m. Thursday at Mr. Anthony’s in Boardman.

Sweet, YSU president since July 2000, will be named Business Advocate of the Year.

Debra D’Alesio, president and owner of Valley Industrial Trucks in Boardman, will be honored as Business Professional of the Year; and Sister Patricia McNicholas, executive director of Beatitude House, will receive the Chamber’s Non-Profit Business Professional of the Year Award.

Store offers jewelry, gems

HUBBARD — There will be a ceremonial ribbon cutting at 10 a.m. today for World of Gold Gems, 6965 Truck World Blvd.

The store, owned by Stephen Carlomagno, offers high-fashion and designer jewelry, watches and clocks, gold, silver and gemstones at wholesale prices. The store also buys gold and silver.

Store hours are Monday through Friday from 9 a.m. to 8 p.m. and Saturday from 10 a.m. to 3 p.m.

Youth council meeting

BOARDMAN — The Workforce Investment Board of Mahoning and Columbiana Counties Youth Council meeting is at 3 p.m. Thursday at 3 p.m. at Operating Engineers Local 66 Hall, 291 McClurg Road.

Tim Gunn pitches Tide

CINCINNATI — Procter Gamble Co. links laundry to fashion in what’s billed as the biggest product launch yet for its venerable Tide brand.

Fashion mentor Tim Gunn of the reality TV series “Project Runway” is among figures from the fashion world involved in marketing of new Tide detergent and Downy fabric softener “Total Care” products.

P G’s Kash Shaikh says a $60 million campaign also includes a tie-in with Ann Taylor Loft women’s clothing stores and advertising in magazines such as Elle, Vogue and Cosmopolitan.

NATION

Postal service struggles

ST. LOUIS — The postmaster general says the postal service could lose about $2 billion this year due to tough economic times.

John Potter told the National Association of Postmasters of the United States at their convention in St. Louis that the postal service has to change to meet the demands of the American public.

He said while little can be done about high gas prices, the postal service is working to control costs and increase business.

He pointed to advertising through the mail as an area of potential growth.

Staff/wire reports