Wage freezes defrost as pay begins uptick
Pay freezes will begin to thaw during the next year at Northeast Ohio companies, but the overall employee compensation picture is less than rosy, according to the 2011 wage and salary adjustment survey from the Employers Resource Council in Mayfield...
September 6, 2010, 4:30 am
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Goodyear takes the green movement for a ride
Goodyear Tire & Rubber Co. and a division of Danish biotechnology company Danisco A/S have created a few prototype tires that were made with synthetic rubber produced from sugar instead of oil.
September 6, 2010, 4:30 am
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Bookstores turn a new page
College bookstores in Northeast Ohio now are offering textbook rental programs in order to make their inventory more attractive to students who have flocked to web sites such as eBay and Amazon to buy their mandatory reading material for far cheaper...
September 6, 2010, 4:30 am
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Debt collection outfit adds staff amid growth
Cleveland-headquartered law firm Weltman, Weinberg & Reis Co.
September 6, 2010, 4:30 am
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Crain's editorial: Low blow
We'd like to give Ted Strickland the benefit of the doubt and say that the complexities of the global economy are hard for most people — including a sitting governor — to understand.
September 6, 2010, 4:30 am
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Crain's editorial cartoon: Sept. 6, 2010
View the latest from cartoonist Rich Williams.
September 6, 2010, 9:00 am
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Convention center pace is promising
After what seems like countless years of trying, Cleveland is getting a new convention center.
September 6, 2010, 4:30 am
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The Big Issue: Sept. 6, 2010
How do you feel about the last U.S. combat troops pulling out of Iraq?
September 6, 2010, 4:30 am
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Going Places: Sept. 6, 2010
Find out who's climbing the corporate ladder.
September 6, 2010, 4:30 am
» Going Places: Aug. 30, 2010
» Going Places: Aug. 23, 2010
» Going Places: Aug. 16, 2010
» Going Places: Aug. 9, 2010
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Letter to the editor: Sept. 6, 2010
A Crain's reader speaks his mind.
September 6, 2010, 4:30 am
» Businesses fret over carp threat
» Crain's editorial: How foul
» States file suit in effort to halt spread of Asian carp
» Crain's editorial: Cut the carp
» Gov. Strickland calls on President Obama to hold high-level meeting on Asian carp
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Index indicates stagnant employment among small businesses
CBiz Inc. said its latest CBiz Small Business Employment Index indicates small firms are 'fearful that the economy's recovery is stalling.'
September 2, 2010, 2:45 pm
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Park-Ohio Holdings unit buys Assembly Component Systems from Lawson Products
The acquired business provides supply chain management services throughout North America.
September 2, 2010, 9:14 am
» Park-Ohio Holdings Corp. posts small increase in second-quarter earnings
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Cuyahoga County likely to receive $3 million for mental health services from state
The money should help the Alcohol, Drug Addiction and Mental Health Services Board of Cuyahoga County address an expected deficit.
September 2, 2010, 3:13 pm
» Mental health agencies fear '11 cuts
» Cuyahoga County mental health board to break ground on new support center
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Continental Airlines CEO, Cleveland mayor seek to affirm airline's role at Hopkins
CEO Jeff Smisek said Continental 'is firmly committed to Cleveland and will remain so after its merger with United.'
September 1, 2010, 2:55 pm
» Even minus hub, Continental still owes Hopkins
» Cleveland's mayor looks to protect city's interest in Continental-United merger
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Hyland Software Inc. acquires software firm Hershey Systems
The deal doubles the number of colleges and universities Hyland serves with document management software.
September 1, 2010, 3:34 pm
» Hyland Software Inc. acquires software developer eWebHealth
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Waste Management Inc. buys majority interest in Garick LLC
Terms were not disclosed for the purchase of its stake in the Cleveland-based supplier of organic lawn and garden products.
September 1, 2010, 1:22 pm
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MMPI Inc. sees interest grow in Cleveland medical mart and convention center project
The Chicago-based developer behind the project inks more would-be tenants for the planned medical merchandise mart.
September 1, 2010, 2:07 pm
» Medical mart developers unveil architectural, landscaping plans
» MMPI turns up marketing for Cleveland mart
» Cleveland convention center and medical merchandise mart win tax exemptions
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A. Schulman Inc. to realign production at European operations
The supplier of plastic resins will reduce output at a plant in the U.K. and boost production at two larger plants in Europe.
September 1, 2010, 8:46 am
» A. Schulman names general manager, COO of the Americas
» A. Schulman Inc. sees third-quarter earnings more than triple year-ago profits
» A. Schulman Inc. buys McCann Color Inc.
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Lorain County Community College receives $5.5 million state sensors grant
The money will finance the acquisition of equipment and technical support to help develop sensor technology.
September 1, 2010, 10:25 am
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FirstEnergy Corp. submits application with NRC to renew Davis-Besse operating license
A renewal would allow the nuclear plant in Northwest Ohio to operate through 2037.
August 31, 2010, 5:00 am
» FirstEnergy Corp. restarts Davis-Besse nuclear power plant after long delay
» FirstEnergy Corp. moves up by two years replacement of Davis-Besse reactor cap
» FirstEnergy Corp. must address more Davis-Besse repairs than anticipated
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Forest City Enterprises Inc. wins Air Force military housing work at four bases
The real estate giant will privatize military family housing at the Air Force's Southern Group bases.
August 31, 2010, 5:00 am
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Goodyear Tire & Rubber Co. to redeem nearly $1 billion in senior notes
The tiremaker plans to use proceeds from its recent $1 billion issuance of new senior notes for the redemption.
August 31, 2010, 10:08 am
» Goodyear Tire & Rubber Co. prices additional $100 million of 8.25% senior notes
» Goodyear Tire & Rubber Co. begins offering of $750 million in notes
» Goodyear Tire & Rubber Co. CEO Richard Kramer elected chairman of company's board
» Goodyear Tire & Rubber Co. posts second-quarter profit vs. year-ago loss
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Developers Diversified Realty announces new, expanded stores at Macedonia Commons
The operator of shopping centers said the property is about 97% leased.
August 31, 2010, 9:04 am
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LNB Bancorp Inc. completes exchange of trust preferred securities for common stock
The parent of Lorain National Bank issued a total of more than 462,000 shares of common stock in the transactions.
August 31, 2010, 2:01 pm
» Fedeli has attention of another community bank, Lorain National
» Umberto Fedeli holds 5.2% stake in LNB Bancorp, desires reduction in its board
» LNB Bancorp earnings more than double in second quarter
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Ferro Corp. reports purchase of $100.5 million of its 6.5% senior notes due 2013
The maker of specialty chemicals bought about 58% of the notes outstanding via a tender offer.
August 31, 2010, 2:12 pm
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Involta LLC to build $20 million enterprise data center in Akron
The Iowa-based company expects the facility to be operating by the fourth quarter of 2011.
August 30, 2010, 2:07 pm
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Accrediting body head chastises Chancellor president
Chancellor University president Robert Daugherty has gotten a rap on the knuckles from the president of the Higher Learning Commission, the agency that accredits the for-profit university, for his response to a story about Chancellor in the Aug.
August 30, 2010, 4:30 am
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Witness this, local giant in mining says
Cliffs Natural Resources today is beginning its 'Witness' advertising campaign, which pokes fun at the departure of LeBron James and is running in local business publications, at Cleveland Hopkins International Airport, on area billboards and in...
August 30, 2010, 4:30 am
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Urban farmers, advocates cite challenges in cultivating business
Farming is a tough business.
August 30, 2010, 4:30 am
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Timken Co. raises prices on certain steel tubing by up to 30%
The maker of bearings and steel said the increases are effective with Oct. 1 shipments.
August 30, 2010, 1:13 pm
» Timken Co. to invest $50 million in Canton steel operations
» Timken Co. reports second-quarter profit vs. year-ago loss, raises 2010 guidance
» Timken Co. agrees to buy maker of roller bearings and steel couplings
» Timken Co. raises dividend 44%
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Fedeli has attention of another community bank, Lorain National
A month after he made recommendations for the future of Lorain National Bank in a filing with the Securities and Exchange Commission, investor and shareholder Umberto P. Fedeli says he, company executives and board members have agreed to talk bank.
August 30, 2010, 4:30 am
» LNB Bancorp Inc. completes exchange of trust preferred securities for common stock
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Huntington ex-exec leads Fifth Third regional plans
A 22-year banking veteran who for five years presided over the Greater Cleveland region for Huntington National Bank now will direct strategic planning in five regions for Cincinnati-based Fifth Third Bank.
August 30, 2010, 4:30 am
» Huntington Bank names ex-KeyBank exec president of its Greater Cleveland region
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Local flavor lies in acquisition of Nutek
A Chagrin Falls company that sells soy-based cleaning products through several major retailers has been bought by the Hoover unit of TTI Floor Care North America in Glenwillow.
August 30, 2010, 4:30 am
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Crain's editorial: Race is on
In the competition among states for a share of more than $4.3 billion in federal grants under President Barack Obama's Race to the Top program, Ohio finished in 10th place on the list of 10 winners.
August 30, 2010, 4:30 am
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Let people make name for themselves
It wouldn't hurt Cleveland to embrace a 21st-century immigrant class that instead of speaking Hungarian, Serbian or Italian like newcomers a century ago speaks Russian, Spanish or Hindi.
August 30, 2010, 4:30 am
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The Big Issue: Aug. 30, 2010
Are you in a throw-the-bums-out mood for elections this fall, or are you open to voting for incumbents and evaluating each race on its merits?
August 30, 2010, 4:30 am
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Tax Liens: Aug. 30, 2010
The Internal Revenue Service filed tax liens against the following businesses in the Cuyahoga County Recorder's Office.
August 30, 2010, 4:30 am
» Tax Liens: May 17, 2010
» Tax Liens: May 10, 2010
» Tax Liens: May 3, 2010
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Going Places: Aug. 30, 2010
Find out who's climbing the corporate ladder.
August 30, 2010, 4:30 am
» Going Places: Sept. 6, 2010
» Going Places: Aug. 23, 2010
» Going Places: Aug. 16, 2010
» Going Places: Aug. 9, 2010
» Going Places: Aug. 2, 2010
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Northeast Ohio IT companies display moderate decrease in business optimism
A survey also suggests hiring might be slowing among information technology firms.
August 27, 2010, 12:57 pm
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Cleveland Museum of Art names Canadian museum official as executive director
David Franklin has served as deputy director of the National Gallery of Canada.
August 27, 2010, 10:43 am
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Eaton Corp. promotes executive to post of chief technology officer
Lennart Jonsson also will hold the title of executive vice president.
August 27, 2010, 11:12 am
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Olympic Steel to add service center in Kentucky
The company purchased a vacant, 100,000-square-foot building in Mount Sterling, Ky., in a move that likely will mean more work for its 200 Cleveland employees.
August 26, 2010, 2:29 pm
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EARNINGS
Jo-Ann Stores Inc. reports second-quarter profit vs. year-ago loss
The fabric and craft retailer also has raised its earnings guidance for all of fiscal 2011.
August 26, 2010, 11:59 am
» Jo-Ann Stores Inc. reports higher first-quarter earnings, raises guidance
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University of Akron secures $6 million for new program dealing with corrosion
The money will be used to train students to understand the impact of corrosion on equipment and infrastructure.
August 26, 2010, 1:37 pm
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Timken Co. opens office in Jakarta, Indonesia
The maker of bearings and steel said the office is consistent with its expansion plans throughout Asia.
August 26, 2010, 12:27 pm
» Timken Co. to invest $50 million in Canton steel operations
» Timken Co. reports second-quarter profit vs. year-ago loss, raises 2010 guidance
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Eaton Corp. completes purchase of Wright Line Holding Inc.
The acquired company provides enclosures, rack systems and air flow management systems to store and power IT data center electronics.
August 26, 2010, 12:13 pm
» Eaton Corp. buys Massachusetts manufacturer
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Squire, Sanders & Dempsey in merger talks with Hammonds LLP of the United Kingdom
The two legal giants said the combined firm would be among the top 50 global law firms by revenue.
August 25, 2010, 12:52 pm
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ViewRay Inc. secures $20 million investment led by Siemens Venture Capital
The company in Oakwood Village is developing a technology that uses magnetic resonance imaging to improve the accuracy of radiation used to kill cancerous tissue.
August 25, 2010, 12:38 pm
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