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Bankers see brighter future, but also see some 'question marks'

Published: 01/27/2012

One of Ohio’s top banking officials says the state’s banking industry has stabilized after the deep recession, but the degree of improvement will likely depend on the global economy.

Much of the success of Ohio’s economy, especially its agriculture and manufacturing industries, is tied to international trade and other global factors, according the Michael Van Buskirk, president and chief executive officer of the Ohio Bankers League.

Proposed legislation would authorize bingo, games of chance at county fairs across Ohio

Published: 01/27/2012

Rep. Margaret Ann Ruhl has proposed a bill that would remove a long-standing state ban on conducting charity games of chance in connection with fairs.

“This is a very simple piece of legislation,” Ruhl, R-Mount Vernon, said of House Bill 295.

If enacted, the proposal would revise Ohio law to eliminate the prohibition forbidding a county or independent agricultural society from allowing a charitable organization to conduct games of chance or bingo at fairgrounds during, for one week before, or for three days after, a fair.

Judges: Illegal search doesn't prohibit use of evidence linking man to bank fraud

Published: 01/27/2012

A federal appellate panel this week overruled a district court’s decision to suppress case evidence found as a result of an illegal airport search.

The 6th Circuit Court of Appeals panel rejected Fode Fofana’s arguments that evidence linking him to bank fraud could not be used because it originated from passports bearing false names found in an illegal search.

Venture capital funding for Ohio firms rose 10 percent last year

Published: 01/27/2012

Investors put more than 10 percent more money into Ohio start-ups last year than they did in 2010, according to a new report.

The amount of venture capital that flowed into young Ohio companies last year was $203.3 million, which was 10.3 percent more than in 2010 when there was $184.3 million invested in those types of companies.

The figures come from an annual MoneyTree report from PricewaterhouseCoopers LLP and the National Venture Capital Association.

Last year venture capitalists made 60 deals in Ohio, one more than the previous year.

Agriculture businesses could sow big profits for investors

Published: 01/27/2012

Investing in the stock market these days can be a queasy venture, but one relatively safe haven right now just might be Ohio’s biggest industry: agriculture.

Sure, it may not be as sexy as investing in the next Google or Amazon, but people have to eat and agriculture-related businesses are doing well these days.

“Times are good in agriculture. It’s a bright spot in a somewhat cloudy economy,” said Christopher Henney, president and chief executive officer of the Ohio AgriBusiness Association.

Ohio lawmakers introduce resolution to affirm work of pregnancy resource centers

Published: 01/27/2012

Ohio Right to Life has endorsed a new House resolution to recognize the contributions of pregnancy resource centers.

House Concurrent Resolution 32, sponsored by Reps. Bill Hayes, R-Granville, and Michael Henne, R-Clayton, states that the “life-affiming impact of pregnancy resource centers on the women, men, children and communities they serve is considerable and growing.”

Court rules amendment to complaint does not constitute following proper procedure

Published: 01/27/2012

A 10th District Court of Appeals panel this week denied a Toledo Correctional Institution inmate’s motion to amend his complaint and dismissed his request for a writ of mandamus.

Mustafa Muhammad’s action to compel the Franklin County Court of Common Pleas to hear his request for a writ of replevin was referred to a magistrate of the court and the panel adopted its findings.

Dorgan named partner

Published: 01/27/2012

J. Quinn Dorgan has been named a partner of the Weston Hurd LLP law firm.

Dorgan focuses his practice on civil rights, employment, business and insurance matters.  Prior to joining Weston Hurd in 2009, he served as a law clerk for Justice Terrence O’Donnell of the Ohio Supreme Court.

Ohio Senate exploring idea of repealing election law

Published: 01/27/2012

Several Republican state senators have been reviewing for weeks the idea of repealing Ohio’s new elections law that trims early voting days in the presidential battleground state and makes other election changes, the leader of Ohio’s Senate said Thursday.

The law has been on hold until voters can decide in November whether it should be kept or scrapped.

Smokers need not apply for local casino jobs

Published: 01/27/2012

DAYTON, Ohio (AP) — Smokers won’t be hired at new casinos in Columbus and Toledo, a ban that’s been adopted in other industries as employers try to hold down health care costs.

Job seekers who smoke, chew tobacco or even use nicotine patches won’t be considered for the 3,200 casino jobs in Toledo and Columbus when developer Penn National Gaming Inc. starts filling positions later this year, The Dayton Daily News reported Thursday.

New-home purchases fall, 2011 worst year ever for sales

Published: 01/27/2012

WASHINGTON — Fewer people bought new homes in December, making 2011 the worst sales year on record.

The Commerce Department said Thursday new-home sales fell last month to a seasonally adjusted annual pace of 307,000. The pace is less than half the 700,000 that economists say must be sold in a healthy economy.

About 302,000 homes were sold last year. That’s less than the 323,000 sold in 2010, making 2011 the worst year on records dating back to 1963.

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