Staff and wire reports
The Vaughn Group, a West Chester-based equipment leasing company, has agreed to be acquired by Commerce Bancshares Inc., a St. Louis bank holding company.
Financial terms weren't disclosed, but Commerce Bancshares said Vaughn has a lease portfolio of about $38.7 million consisting mainly of data processing hardware. It also services about $425 million in lease agreements for capital equipment ranging from production machinery to transportation equipment for other companies.
Vaughn employs 25 and has sales offices in Toledo and Chicago. The sale is expected to be completed early next year. Commerce Bancshares said the acquisition would allow it to expand its Midwest market presence and add new products to existing customers.
Colley Corp. changes name
Colley Corp., the parent company of the Lottery Channel and Internet sites including lottery.com and cards.com, has changed its name to Games Inc.
The Cincinnati-based company said it is "actively seeking acquisitions and line extensions in those and other Web-based entertainment areas."
GE, P&G execs lead fund drive
A group of executives at GE Aircraft Engines and Procter & Gamble Co. are spearheading an effort to raise $250,000 from local businesses for scholarships for African-American students.
The nonprofit Greater Cincinnati African American Scholarship Fund will be administered by the Greater Cincinnati Foundation. The goal is toprovide college educational opportunity for African-American students and to promote Cincinnati as a place for college graduates to work.
The 13th annual Rev. Dr. Martin Luther King Jr. banquet Jan. 20 at the Hyatt Regency Cincinnati will serve as the kickoff for the fund drive.
Coal company settles lawsuit
Martin County Coal Corp. has reached a settlement with a group of eastern Kentucky residents who claimed their property was damaged in a massive coal-sludge spill two years ago, an attorney for the plaintiffs said.
Ned Pillersdorf, an attorney in Prestonsburg, represents 23 residents whose lawsuit against the coal company was due to go to trial Feb. 3. But Mr. Pillersdorf said he notified Circuit Judge Daniel Sparks Monday that he and attorneys for Martin County Coal had reached a settlement.
Mr. Pillersdorf would not disclose the amount of the settlement.
Conseco to file for naming rights
Conseco Inc. plans to file motions in federal court to retain its naming rights to Conseco Fieldhouse, an agreement that will come under review during the company's bankruptcy proceedings.
Carmel, Ind.-based Conseco plans to pay its annual $2 million bill by Jan. 1 to continue the naming rights, company spokesman Mark Lubbers said.
Conseco filed for bankruptcy last week after $6.5 billion in debt the company had piled up through 1990s acquisitions became too much to bear.
Conseco Fieldhouse, which opened in 1999 and seats 18,500, is home to the Indiana Pacers, the Indiana Fever and the Indiana Firebirds, an arena football team.
College ready to sell concept
Implosion means lights out for Cinergy Field signs
West Virginia ticket has winning Powerball numbers
Shooter in 63rd homicide sought
Two men shot on Christmas night
Homicides match last year's 63
Teens' deaths a blow to schools
Volunteers spread cheer for holidays
U.S. soldiers celebrate Christmas with football, turkey
Celebrex not as protective against ulcers as was thought
Small cities use arts to boost economies
Humor causes Comair to cancel flight to CVG
Now broke, gambler sues Ind. casino
Organ off for $250K tuneup
Nor'easter delivers two ft. of snow to N.Y.
Cincinnati tax plan to cost county
Ohio congressional delegation sees much work ahead in 2003
3 arrested in slaying of 5 near Detroit
Nursing home resident wants to smoke indoors
Fourth-graders learn via interactive television
Howard: Some good news
Historical Society markers to honor Wilberforce, CSU
Tristate A.M. Report
Past meets future in creating image
North Carolina banks take new steps for protection
They're Bobs-bob-bobbin' along
Law requiring warnings to credit card users scrapped
Troubled airlines present additional challenge for FAA
As Linux advances, Microsoft alters message to lure customers
Smoker accepts $28 million in LA tobacco suit
Asian stocks offer little holiday cheer
Where 'close' counts
Get to it
Author turns to kids' books
Knip's eye view
Lawyer turned to guilty pleasure - comedy
It's still Christmas in 'July'
New stamp will depict Year of Ram
Top 10 lists
Group shapes TV's sexuality