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
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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
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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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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
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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
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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...
August 30, 2010, 4:30 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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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
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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
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Ferro Corp. completes offering of $250 million in senior notes
The producer of specialty chemicals also has entered into a new, five-year secured credit agreement.
August 25, 2010, 8:48 am
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Parker Hannifin Corp. acquires Micro Thermo Technologies from Carrier Corp.
The acquired company makes refrigeration controls and energy management systems for supermarkets.
August 24, 2010, 10:14 am
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Goodyear Tire & Rubber Co. prices additional $100 million of 8.25% senior notes
The tiremaker said the offering will increase the total principal amount of the notes to $1 billion.
August 23, 2010, 2:18 pm
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CWRU builds a formidable structure
Case Western Reserve University in April opened a new infrastructure laboratory, and some big projects already are under way.
August 23, 2010, 4:30 am
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Panther in the hunt for IPO
Panther Expedited Services Inc.
August 23, 2010, 4:30 am
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EARNINGS
J.M. Smucker Co. reports modest increase in first-quarter earnings
The improvement at the maker of jellies, peanut butter and coffee came despite essentially flat sales.
August 20, 2010, 10:23 am
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Goodyear Tire & Rubber Co. wins Los Angeles bus system contract
The tiremaker will supply tires and tire-related services to the Los Angeles County Metropolitan Transportation Authority.
August 17, 2010, 3:51 pm
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Nordson Corp. raises quarterly dividend 10.5%
The producer of automated spraying equipment said it's the 47th straight year of annual dividend increases.
August 17, 2010, 2:11 pm
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GE Lighting introduces new form of compact fluorescent light bulb
The Reveal Glass Covered CFL resembles standard incandescent bulbs in shape but is more energy efficient and longer lasting than traditional bulbs.
August 16, 2010, 1:28 pm
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Private equity firm takes control of Fairmount Minerals
New York private equity firm American Securities Capital Partners has taken control of Chardon-based Fairmount Minerals in a leveraged buyout financed largely with $700 million in debt that likely...
August 16, 2010, 4:30 am
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Eaton Corp. promotes executive as senior VP of sales and marketing
The diversified manufacturer said Steve Boccadoro most recently was vice president and general manager - Canada for Eaton.
August 13, 2010, 3:04 pm
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Mistral Equity Partners becomes majority owner of Akron's Country Pure Foods
The New York private equity firm also is the principal owner of snack food maker Shearer's Foods Inc.
August 13, 2010, 2:06 pm
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Parker Hannifin Corp. raises dividend for second time this year
The CFO of the maker of motion and control equipment said the increase reflects 'the board's confidence in our financial strength.'
August 13, 2010, 1:48 pm
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EARNINGS
Hickok Inc. reports smaller third-quarter loss than year earlier
The maker of automotive diagnostic equipment said the reduced deficit came despite a modest decline in sales.
August 13, 2010, 12:41 pm
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FirstEnergy Corp. to take writeoff of up to $287 milliion for cutting back capacity
The electric company said it will reduce operations at four power plants in Northern Ohio due to lower demand for electricity in a sluggish economy.
August 12, 2010, 5:01 pm
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Timken Co. to invest $50 million in Canton steel operations
A company official said the planned investments 'have the goal of both meeting demand and continuing to improve the long-term competitiveness of our operations.'
August 12, 2010, 10:14 am
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Goodyear Tire & Rubber Co. begins offering of $750 million in notes
The tiremaker plans to use proceeds from the offering plus other available cash and credit to redeem two series of notes outstanding.
August 10, 2010, 10:38 am
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EARNINGS
TransDigm Group Inc. reports higher third-quarter earnings, raises guidance again
The CEO of the supplier of aircraft parts said the latest results 'began to reflect a long-awaited upturn in global air traffic.'
August 10, 2010, 9:13 am
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EARNINGS
Applied Industrial Technologies reports fourth-quarter profit vs. year-ago loss
The distributor of bearings and industrial parts also has forecast higher earnings for the fiscal year ahead.
August 10, 2010, 8:38 am
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Team NEO reports economic progress
As the national economy endures the gloom of what is being called a 'jobless recovery,' Northeast Ohio appears to be offering a sliver of hope.
August 9, 2010, 4:30 am
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Steel prices rise as raw materials costs go up
With lead times already long for new orders, prices for all types of steel are increasing as the cost of raw materials go up and production capacity is held back.
August 9, 2010, 4:30 am
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Manufacturers, other large users in the dark about new rider on electricity bills
Too few businesses are aware of a new charge they'll soon be seeing on their electric bills -- and those that are aware of it often are still confused over just how to avoid the so-called DSE-II...
August 9, 2010, 4:30 am
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EARNINGS
Sifco Industries Inc. reports sharp drop in third-quarter profits
The Cleveland-based provider of aircraft parts and services earned $1 million, or 18 cents per share, for the quarter ended June 30 compared with $2.
August 6, 2010, 11:47 am
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Preformed Line Products Co. sets stock repurchase program
Directors authorized the Mayfield Heights-based maker of cable and anchoring hardware to buy back up to 250,000 common shares, or about 5% of the company's common shares outstanding.
August 6, 2010, 9:39 am
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Timken Co. chairman to serve on U.S. Manufacturing Council.
Ward J. 'Tim' Timken Jr. will be one of 24 members in a body that advises the Secretary of Commerce on matters relating to competitiveness and government policies that affect manufacturers.
August 6, 2010, 9:33 am
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Aleris International adds former General Motors CEO to its board
Rick Wagoner has been elected as a director of the Beachwood-based aluminum recycler and producer of aluminum rolled products.
August 5, 2010, 2:00 pm
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EARNINGS
OM Group Inc. returns to profitability in second quarter
The specialty chemicals and materials company says it's benefiting from an acquisition earlier this year and a favorable pricing environment.
August 5, 2010, 1:22 pm
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EARNINGS
Olympic Steel Inc. swings to a profit in second quarter
The Cleveland-based national steel service center sees sales rise 73.8% as economic recovery takes hold.
August 5, 2010, 9:43 am
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Bold manufacturers buck fears
Fear and loathing be damned -- from buying land to investing in new equipment and workers, some of the area's strongest manufacturers are plugging money back into their businesses.
August 5, 2010, 4:30 am
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EARNINGS
Preformed Line Products Co. profits rise 70% in second quarter
The Mayfield Heights-based maker of cable and anchoring hardware for utilities and telecom companies also says sales rose 38% to $82.1 million.
August 5, 2010, 9:07 am
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Olympic Steel Inc. elects political veteran as a director
The Cleveland-based metals service center adds to its board Dirk Kempthorne, a former secretary of the Department of the Interior who also was a Republican senator and governor from Idaho.
August 4, 2010, 9:24 am
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GE spins off new turbine for lake use
GE is finalizing the development of a gearless offshore wind turbine that will be bigger and easier to maintain than land-based turbines.
August 4, 2010, 4:30 am
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Eaton Corp. buys Massachusetts manufacturer
Wright Line Holding, a maker of data center enclosures and air flow management systems, has annual sales of about $100 million and employs more than 350 people.
August 4, 2010, 8:47 am
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Goodyear Tire & Rubber Co. CEO Richard Kramer elected chairman of company's board
The appointment is effective Oct. 1. He succeeds Robert Keegan, who will step down as chairman and a director and retire from the Akron-based tiremaker.
August 3, 2010, 4:57 pm
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EARNINGS
Parker Hannifin Corp. fourth-quarter net income rises more than fourfold
The maker of motion and control equipment reports sales increased 26% on 'broad-based improvement' in all its operating segments.
August 3, 2010, 9:24 am
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Nestle Prepared Foods Co. to expand in Solon
The company is paying nearly $4 million for a 75,600-square-foot office/warehouse building that had been owned by Keithley Instruments Inc.
August 3, 2010, 2:35 pm
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