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Noon headlines, April 1, 2013: American Greetings, Taser, abortion
American Greetings to go private; Miami University Taser death; Akron doctors and abortion claim; sequester fears grow
by WKSU's JEFF ST. CLAIR


Reporter / Host
Jeff St. Clair
 
  • American Greetings is set to go private
  • Oxford, Ohio, settles in alleged Taser death of student
  • Akron doctors fight failed abortion claim
  • Sequester fears slow economic growth 
  • American Greetings set to go private
    The world’s largest publicly traded greeting-card maker has finalized a deal to go private. Cleveland-based American Greetings agreed to be taken private by a group led by CEO Zev Weiss in an approximately $878 million deal. The Weiss family are descendants of the company’s founder. The takeover was launched last September and includes the assumption of some debt and the repayment of loans under a credit facility. The Weiss family acquisition adds a premium of 13 percent for stockholders over last Thursday’s closing trading price.

    Oxford, Ohio settles in alleged Taser death of student
    The city of Oxford, Ohio, paid a former Miami University student’s family $750,000 after they settled the case involving a 2008 Taser incident. The city and officers who used a stun gun on 24-year-old Kevin Piskura five years ago settled the case with his parents last month. The allegations against the city and police department were that excessive force was used and the city failed to adequately train, supervise and control its employees. The company that makes Taser sought to have the case dismissed, saying its product did not cause the student's heart to stop. 

    Akron doctors fight failed abortion claim
    A northeast Ohio clinic is denying a woman's allegations that doctors failed to successfully perform the abortion she sought, eventually leading to her child's birth. Ariel Knights of Cuyahoga Falls is suing the Akron Women's Medical Group and two doctors. The 22-year-old woman's malpractice suit filed last month alleges the doctors were negligent in March 2012. Knights says she sought an abortion because of a medical condition and a doctor's warning that the pregnancy could threaten her health.

    Sequester fears slow economic growth 
    A survey shows U.S. manufacturing activity expanded more slowly in March than February, held back by weaker growth in production and new orders. The one bright sign in the report was that factories hired at a faster pace.
    The Institute for Supply Management says its index of factory activity slipped to 51.3. That's down from 53 in February, which was the fastest growth since June 2011. A reading above 50 indicates expansion. The index has signaled expansion for four straight months. But the drop in February suggests some companies may have been wary of steep government spending cuts that began on March 1.

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