Ohio broadband projects get funds

Ohio broadband projects get funds

washington

Three Ohio broadband projects have received more than $118 million in federal stimulus funds, Vice President Joe Biden has announced. The projects will extend broadband access and are projected to create more than 430 jobs.

Cleveland-based nonprofit OneCommunity was granted $44.8 million to add nearly 1,000 miles of fiber-optic cable in 20 Northeast Ohio counties. The plan, projected to create 200 jobs, will connect about 800 community institutions, including schools, hospitals, government and public-safety facilities, to the high-speed broadband network.

Horizon Telecom, a Chillicothe-based company, received $66.5 million to expand broadband in 34 southern and eastern Ohio counties.

Connected Nation, Inc., a national nonprofit, was awarded $6.9 million, to be administered by Connect Ohio, a nonprofit public-private partnership established by Gov. Ted Strickland. Those funds will be used statewide to fund new computer workstations, upgrade computer sessions and conduct training sessions.

F.N.B. declares dividend of 12 cents

hermitage, pa.

F.N.B. Corp., the parent company of First National Bank of Pennsylvania, announced Wednesday that its board of directors has declared a cash dividend of 12 cents per share for the second quarter of 2010. The dividend is payable Sept. 15 to shareholders of record as of the close of business Sept. 1.

Limited Brands increases profits

COLUMBUS

Limited Brands Inc.’s net income rose sharply in the second quarter as more Americans shopped at its mall stores — Victoria’s Secret and Bath and Body Works — and it recorded several one-time gains.

The company, based in Columbus, also raised its full-year outlook.

Limited Brands reported late Wednesday that it earned $178.7 million, or 54 cents per share, for the quarter that ended July 31. That’s up from $74.3 million, or 23 cents per share, in the same quarter last year.

Vindicator staff/wire reports