 Cliffs Natural Resources prices $400 million notes offering
The mining and natural resources company plans to use net proceeds for general corporate purposes, which could include funding capital expenditures, reducing debt or paying for 'other strategic transactions.'
2:24 pm March 11, 2010
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Wells Fargo Advisors bolsters Pepper Pike office
It adds four professionals formerly with NCA Financial Planners in Cleveland.
2:29 pm March 11, 2010
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EARNINGS
Jo-Ann Stores posts big jump in fourth-quarter earnings, sees better fiscal 2011
The fabric and craft retailer saw sales improve while holdiing down its cost of goods sold.
4:49 pm March 10, 2010
» Jo-Ann Stores indicates fiscal 2010 earnings blow away its guidance
» Jo-Ann Stores names chief operating officer Travis Smith as president
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Babcock & Wilcox unit forms joint venture in India
The company's Power Generation Group in Barberton is teaming with Thermax Ltd. to build boilers and pulverizers for the Indian utility market.
9:27 am March 10, 2010
» Babcock & Wilcox looks to future
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Summa Health System to spend $65 million to upgrade emergency services
Its plans include freestanding emergency departments at two locations and expanded ER areas at three other sites.
11:33 am March 10, 2010
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OM Group Inc. secures $250 million revolving loan
The new credit facility for the maker of industrial chemicals and materials is led by PNC Bank.
9:21 am March 10, 2010
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Cliffs Natural Resources adds Ferro Corp. CEO to board
James F. Kirsch, who heads specialty chemicals maker Ferro, has been elected a director at Cliffs, a producer of iron ore and coal.
9:17 am March 10, 2010
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University of Akron names Ohio State executive as provost
William Sherman currently serves as vice provost for academic planning at the state's biggest school.
1:20 pm March 10, 2010
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Cleveland Browns release Derek Anderson
The writing was on the wall for the embattled quarterback once the team traded for Seattle backup QB Seneca Wallace.
3:10 pm March 9, 2010
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Cleveland Play House unveils lineup for 2010-2011 season
Among the productions in the Play House's final season at its old home are 'The 39 Steps' and 'The Kite Runner.'
2:17 pm March 9, 2010
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Entrepreneur Tim Mueller 'strongly' contemplates run for Cuyahoga County exec
The businessman served as Cleveland's chief development officer in the administration of Jane Campbell.
3:18 pm March 9, 2010
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Parker Hannifin secures more work from Rolls-Royce for Airbus A350 engine
The maker of motion and control equipment will provide heat management valves for the Rolls-Royce Trent XWB engine program.
10:35 am March 9, 2010
» Parker Hannifin posts lower second-quarter earnings, but raises full-year outlook
» Parker Hannifin participates in installation of power conversion system in Chile
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City of Cleveland takes step to guarantee loan of film producer Nehst Studios
The guarantee would help Nehst arrange $11.6 million of financing for three movies the company expects to complete over the next 13 months.
11:53 am March 9, 2010
» Nehst Studios draws employment seekers to job fair
» Nehst Studios inks one-year lease for Cleveland Convention Center space
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NAI Daus unit buys property management division of Akron's ASW Properties
The head of NAI Daus said the acquisition 'is in line with our mission and real estate service offerings.'
10:17 am March 9, 2010
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EARNINGS
Park-Ohio Holdings posts fourth-quarter profit, announces revised credit agreement
The profit in the latest fourth quarter compares to a big loss in the year-earlier period, when Park-Ohio took large impairment charges.
8:55 am March 9, 2010
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Proforma enters into alliance with Global Source Link
The agreement will result in more than 100 sales professionals becoming individual members of the Proforma network of printing and promotional product distributors.
2:33 pm March 9, 2010
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Tucker Ellis & West names new managing partner
Joe Morford succeeds Curt Isler in the key post at the Cleveland law firm.
4:30 am March 9, 2010
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Akron unit of Newspaper Guild ratifies contract with Akron Beacon Journal
Members of the union avoided a possible strike by approving a three-year pact that reduces their pay.
9:23 am March 8, 2010
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JumpStart invests $250,000 in Melody Management
The early stage company has created web-based software that lets musicians upload music to the Internet and sell it online via social networking web sites such as Facebook.
2:19 pm March 8, 2010
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Thompson Hine names new partner-in-charge of New York office
Katherine Brandt has become the third woman to head an office of the Cleveland-based law firm.
2:46 pm March 8, 2010
» Thompson Hine appoints two new practice group leaders
» Thompson Hine construction arm to expand
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CrainsCleveland.com launches white paper library
Up first is a piece from Kent State University on technology transfer.
10:39 am March 8, 2010
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Actor John Lithgow to perform benefit for Great Lakes Theater Festival
The theater company announced that the two-time Tony Award winner will perform a show called 'Stories by Heart' May 23 at the Hanna Theatre at PlayhouseSquare.
3:03 pm March 5, 2010
» Great Lakes Theater Festival unveils Shakespeare-heavy 2010-2011 schedule
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U.S. unemployment rate holds steady at 9.7% in February
The latest statistics show about four in 10 jobless people have been unemployed for 27 weeks or more.
9:36 am March 5, 2010
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American Greetings raises quarterly dividend 17%
The greeting card company hiked its payout by two cents a share, to 14 cents.
8:44 am March 5, 2010
» American Greetings to consider alternatives to current Brooklyn headquarters
» American Greetings reports third-quarter profit vs. year-ago loss
» American Greetings to quit producing party goods under deal with supplier Amscan
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Goodyear Tire & Rubber announces results of exchange offer for notes
The tiremaker said its offer to swap $650 million of notes due next year for an issue of new notes attracted about 40% of the old notes.
9:00 am March 5, 2010
» Goodyear Tire & Rubber elects Richard Kramer CEO; Keegan to remain chairman
» Goodyear Tire & Rubber Co. reports fourth-quarter profit vs. year-earlier loss
» Goodyear Tire & Rubber begins exchange offer for $650 million in notes
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Myers Industries Inc. raises quarterly dividend 8%
The diversified manufacturing and distribution company said the increase 'reflects the board's confidence in the company's performance and strategic direction.'
2:45 pm March 5, 2010
» Myers Industries posts small third-quarter profit vs. big year-ago loss
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Cleveland Mayor Jackson extols effort to bring advanced energy jobs to city
Frank Jackson also used his State of the City address to promote countywide collaboration among schools.
3:03 pm March 4, 2010
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Federal Reserve's Beige Book shows economic conditions improving
The report indicates things were looking up in nine of the 12 Fed districts, including Cleveland.
7:00 am March 4, 2010
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AT&T unveils wireless network investment plans in Ohio for 2010
The telecom giant intends to increase significantly the number of its cell sites that can handle faster 3G technology.
7:50 am March 4, 2010
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Cinemark Holdings opens XD Extreme Digital theater in Valley View
The new auditorium features a wall-to-wall and ceiling-to-floor screen and custom JBL sound system.
2:51 pm March 4, 2010
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Crain's senior reporter Stan Bullard to be part of NEOtropolis panel
This week's topic on the Western Reserve PBS program is 'Strategies for Commercial Real Estate Makeovers.'
7:58 am March 4, 2010
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Forest City Enterprises swaps big chunk of debt for preferred stock
Separately, the real estate giant said high-end retailer Saks Inc. has pulled out as a planned tenant of a big mixed-use development in New York.
8:25 am March 4, 2010
» Forest City Enterprises to sell stake in University Park assets to Health Care REIT
» Forest City eyes Pepper Pike change
» Forest City Enterprises sells interests in three properties to Hyatt Corp.
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Developers Diversified receives $83 million in notes under tender offer
The real estate company's tender offer covered nearly $507 million of notes.
1:59 pm March 4, 2010
» Developers Diversified Realty makes offer for more than $500 million in notes
» Developers Diversified CEO Hurwitz outlines REIT's planned focus
» Developers Diversified Realty reports smaller fourth-quarter loss
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PUCO votes to require FirstEnergy Corp. to restore all-electric home discounts
And in an indication of how strongly the electric utility's move has bothered Columbus, two legislators have introduced a bill that would restore the discounts.
3:18 pm March 3, 2010
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Site Selection magazine again gives Ohio top development honors
Ohio for the fourth straight year is the winner of the magazine's Governor's Cup for being the busiest state for economic development.
3:11 pm March 3, 2010
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OneCommunity to use $18.7M in stimulus money to open Internet to the poor
The Cleveland-based nonprofit plans to help poor residents in Ohio and four other states get high-speed Internet access and learn to use it.
6:00 am March 3, 2010
» A race to e-records
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EARNINGS
Nacco Industries reports fourth-quarter profit vs. big year-ago loss
The producer of coal, lift trucks and small appliances expects improvement in most of its businesses as the year progresses.
9:03 am March 3, 2010
» Nacco Industries announces management changes at two subsidiaries
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University Hospitals receives $1.5 million for endowed chair in heart care
The money is from the Figgie Foundation and the Harrington-McLaughlin Family Foundation.
9:39 am March 3, 2010
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Panzica Construction wins $9.9 million contract for rec center in Collinwood
It would be the first new recreation center in the city of Cleveland since 1997.
1:46 pm March 3, 2010
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Benesch Friedlander merges with Dann Pecar Newman & Kleiman of Indianapolis
The head of the Cleveland-based law firm said it also will be 'pretty aggressive' in looking to expand in other cities.
8:00 am March 2, 2010
» Benesch enters New York with White Plains office
» Uniform pay hikes no more a lock at some law firms
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Cleveland HeartLab secures $3 million in financing, selects top officers
The early stage company is developing diagnostic tests for measuring a patient's risk for heart disease.
3:23 pm March 2, 2010
» Cleveland HeartLab receives $2.5 million investment commitment
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Cleveland-Marshall College of Law names interim dean
Associate dean for academic affairs Phyllis Crocker fills the void left by the appointment of Geoffrey Mearns as provost of Cleveland State University.
10:21 am March 2, 2010
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Deputy director named to top post at NASA Glenn Research Center
Ray Lugo has been named acting director at the Cleveland research center as its head man, Woodrow Whitlow Jr., takes a job at NASA headquarters.
8:44 am March 2, 2010
» NASA Glenn Research Center director to assume post at space agency's HQ
» NASA Glenn doesn't foresee staff cuts despite new plans for space agency
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EARNINGS
Ferro Corp. reports smaller fourth-quarter loss on higher sales
The maker of specialty chemicals also said it does not expect to see what it called 'a return to recessionary conditions' in its major global markets.
9:12 am March 2, 2010
» Ferro Corp. to take earnings hit for further consolidation of European manufacturing
» Ferro Corp. sets price of planned stock offering
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Shearer's Foods Inc. inks definitive agreement to buy Snack Alliance Inc.
The maker of snack foods said the company it's acquiring is a supplier of private label snack foods to retail giant Walmart.
10:43 am March 1, 2010
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A. Schulman Inc. buys McCann Color Inc.
The purchase of the producer of color concentrates by Akron-based A. Schulman is its second acquisition deal in the last four months.
1:31 pm March 1, 2010
» A. Schulman says first-quarter profits more than doubled
» A. Schulman Inc. to acquire ICO Inc. at a premium of nearly 51%
» A. Schulman to expand capacity of plant in Mexico
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Hyland Software Inc. acquires software developer eWebHealth
Northeast Ohio's largest software company has added another document management software firm to its holdings.
3:35 pm March 1, 2010
» Hyland Software acquires Valco Data Systems
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Southwest General Medical Center breaks ground for new ER in Brunswick
The new emergency room is part of an overall $20 million investment to boost services at the Brunswick location.
2:19 pm March 1, 2010
» Wellness now comes with a catch
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