Ryan: Extend credit for Delphi retirees

Ryan: Extend credit for Delphi retirees

washington

U.S. Rep. Tim Ryan of Niles, D-13th, participated in a congressional hearing last week about the U.S. Treasury Department’s role in the Delphi pension loss.

He called for an extension of the Health Care Tax Credit for Delphi retirees — suggesting that in light of the Delphi situation — the country’s bankruptcy laws need to be reformed.

“I do not believe that Congress or the retirees still have a complete picture of what happened in this situation,” Ryan said. “If it’s determined through evidence produced here or in a court of law that the Delphi salaried retirees — and the splinter unions — were unjustly harmed due to politics or favoritism, then they must be made whole, and I will continue to advocate for that position.”

Efforts to determine how more than 20,000 Delphi salaried retirees, including 1,500 in the Mahoning Valley, had their pensions and health insurance cut significantly have been ongoing inside courts and on Capitol Hill for about four years.

Union employees at the GM parts supplier saw their retirement plans preserved during the automaker’s bankruptcy.

Gates stays atop Forbes list of richest

NEW YORK

Microsoft Corp. co-founder Bill Gates is still America’s richest man, taking the top spot in the Forbes 400 list for the 20th-straight year with a net worth of $72 billion.

Investor Warren Buffett, the head of Berkshire Hathaway Inc., remains in second place with $58.5 billion, while Oracle Corp. co-founder Larry Ellison stays third with $41 billion.

Forbes says America’s super-rich continued to increase their wealth over the past year, with the 400 people on the annual list posting a combined net worth of $2 trillion, up from $1.7 trillion a year ago.

AAA: Ohio gasoline prices are falling

columbus

Ohio’s average gas prices are dropping as travelers say goodbye to summer.

The average per gallon of regular gas was $3.39 Monday, according to the survey from auto club AAA, the Oil Price Information Service and WEX Inc. That’s down 13 cents from a week ago and 48 cents compared with this time last year.

The national average Monday was a bit higher at about $3.52 per gallon, a nickel cheaper than a week ago. A year ago, that average was $3.86.

Turkey Talk Line to get male spokesman

new york

This year if you call Butter- ball’s Turkey Talk Line for cooking advice, you might get a male voice on the line.

For the first time, Butter-ball is enlisting the help of men as well as women for its Turkey Talk Line during the holidays. And the turkey seller is seeking the first male talk-line spokesman this year as well.

The talk line, which is 32 years old this year, offers advice to anyone overwhelmed by making the perfect turkey for the holiday season.

Vindicator staff/wire reports

Selected local stocks

STOCK, DIVIDENDCLOSECHANGE

Aqua America, .61, 24.11 .06

Avalon Holdings,5.90.28

Clear Channel, .61 26.59 .24

Cortland Bancorp, 9.25.00

Farmers Nat., .126.21 .05

First Energy, 2.20, 37.30.19

FirstMerit Corp., .64,20.98 .14

First Niles Financial, .32,6.50—.10

First Place Fin., .0022.00

FNB Corp., .48,12.11.01

General Motors,36.21.15

General Electric, .76,24.14.36

Motors Liquidation, .0422.00

Huntington Bank, .20, 8.54.02

JP Morgan Chase, 1.52,53.15.56

Key Corp, .22,12.05.08

LaFarge, 17.58 .47

Macy’s, 1.00, 44.97.27

Parker Hannifin, 1.80, 104.99.63

PNC, 1.76,74.20.95

RTI Intl. Metals,31.50—.02

Simon Prop. Grp.,4.60,151.693.17

Stoneridge 11.64 .15

United Community Fin. 3.89.02

Selected prices at 4 p.m. Monday. Provided by Stifel Nicolaus. Not to be construed as an offer or recommendation to buy or sell any security.