 Toledo-based gas station operator to move HQ to Brecksville
The Lyden Co. will break ground this summer at a 22-acre site for a building that will consolidate corporate staff with the staffs of two regional offices, bringing together 25 employees.
10:47 am March 19, 2010
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Crain's publisher to be part of 'Feagler and Friends' roundtable
Among the topics that Brian Tucker and others will discuss are Continental Airlines' decision to cut meals on all but the longest flights and business opposition to proposed storm water fees.
9:48 am March 19, 2010
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Lake Health opens two osteoporosis clinics
The facilities at the hospital system's West Medical Center and TriPoint Medical Center will treat and prevent the bone disease.
10:51 am March 19, 2010
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21 parties hope to intervene in sewer district lawsuit
The parties filed a motion asking for permission to intervene in a lawsuit brought by the Northeast Ohio Regional Sewer District.
8:35 am March 18, 2010
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Cuyahoga Community College receives $650,000 grant
The money from the Kresge Foundation of Troy, Mich., will help the school recruit and train volunteer tutors.
2:24 pm March 18, 2010
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Baldwin-Wallace College launches sustainability institute
It's designed to help Northeast Ohioans integrate sustainability into their business plans.
1:52 pm March 18, 2010
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Cleveland-Cuyahoga County Port Authority replaces vice chairman
Richard Knoth said he was removed from the post in part because of his 'temerity to speak' publicly about his concerns related to the port's aggressive expansion plan.
2:32 pm March 17, 2010
» Cleveland-Cuyahoga County Port Authority sets priorities for 2010
» Cleveland-Cuyahoga County Port Authority to reduce pay for top job
» Port's plan to redo dock under microscope
» Cleveland-Cuyahoga County Port Authority names Peter Raskind interim CEO
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Akron's Casnet acquires software division of NCD Corp. in Eastlake
The deal will give Casnet access to NCD's Electronic Worldwide Information Exchange software, which allows customers to access their documents via the Internet.
8:00 am March 17, 2010
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Progressive Corp. reports lower earnings for February
The auto insurer realized larger gains on securities transactions in the like month in 2009.
8:58 am March 17, 2010
» Progressive Corp. reports lower net income for January
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KeyCorp names Christopher Gorman head of National Banking business
The man who has been president of KeyBanc Capital Markets also will become vice chairman of KeyBank National Association.
8:41 am March 17, 2010
» KeyCorp vice chairman resigns to join AIG
» KeyCorp reports big fourth-quarter loss as provision for loan losses rises
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Cleveland Clinic receives $1 million grant for spinal cord research
The money will help lead investigator Yu-Shang Lee develop surgical treatments that might allow nerves to regenerate and the bladder to recover after a spinal cord injury.
1:45 pm March 17, 2010
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Developers Diversified Realty announces pricing of $300 million note offering
The big shopping center owner will use the proceeds to repay debt and reduce balances on its revolving credit lines.
9:13 am March 17, 2010
» Developers Diversified receives $83 million in notes under tender offer
» Developers Diversified CEO Hurwitz outlines REIT's planned focus
» Developers Diversified Realty reports smaller fourth-quarter loss
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Kent State University to boost room and board rates next fall
The rates for undergraduate housing and meals will rise by nearly 5.5%.
2:05 pm March 17, 2010
» Kent redevelopment project should get push from $20 million federal grant
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J.M. Smucker sells Hungry Jack potato products to Basic American Foods
Hungry Jack pancake mix and syrup products both will remain part of the Smucker family of brands.
8:50 am March 16, 2010
» J.M. Smucker reports record third-quarter results
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EARNINGS
Preformed Line Products Co. reports big increase in fourth-quarter earnings
The maker of cable and anchoring hardware said an acquisition late last year bolstered its bottom line.
9:57 am March 16, 2010
» Preformed Line Products completes purchase of Tyco unit
» Preformed Line Products sees third-quarter earnings fall slightly
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Fitch revises Cleveland schools' credit rating outlook to negative from stable
The credit rating agency said the negative outlook reflects the district's weakened financial position 'and the need for significant changes to align spending with available revenues.'
2:59 pm March 16, 2010
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Obama calls on Congress to set aside partisan politics, pass health care bill
'The status quo for health care is simply unjust,' the president said during a speech at the Strongsville Recreation Center.
3:45 pm March 15, 2010
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FirstEnergy Corp. must address more Davis-Besse repairs than anticipated
The electric company will be performing repair work on several control rod nozzles that penetrate the reactor head vessel at the nuclear plant, which was closed for two years last decade because of a badly corroded containment cap.
9:28 am March 15, 2010
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Akron-Canton Airport receives $16.6 million for runway extension project
Federal Aviation Administration head Randy Babbitt personally visited the airport to award the money.
2:38 pm March 15, 2010
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Cleveland Orchestra to tour Asia as part of 2010-2011 season
The orchestra will perform in Japan and South Korea, as well as appear in Chicago and New York.
11:36 am March 15, 2010
» Cleveland Orchestra and its musicians to freeze wages two years under new pact
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Babcock & Wilcox unit agrees to buy parts of GE Energy division
B&W's Power Generation Group plans to acquire GE Energy's electrostatic precipitator and emissions monitoring business units.
1:36 pm March 15, 2010
» Babcock & Wilcox unit forms joint venture in India
» Babcock & Wilcox looks to future
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Sifco Industries taps current executive for chief operating officer post
Promoted to the No. 2 management position is James Woidke, head of the company's Aerospace Component Manufacturing Group.
1:10 pm March 15, 2010
» Sifco earnings rise in first quarter even as sales fall
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KeyCorp names two new members to its board of directors
The banking company's latest directors are a former executive with Deutsche Bank and the current CEO of Dick's Sporting Goods.
10:59 am March 15, 2010
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Hugo Boss unswayed by Oscars boycott, still plans to close Cleveland plant
Though few stars were seen in Hugo Boss tuxedos at the Academy Awards, the company isn't budging from its decision to close the local plant, which will cost 375 Cleveland-area residents their jobs.
2:06 pm March 12, 2010
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Rock and Roll Hall of Fame and Museum unveils rockin' new web site
Its new home page more engagingly promotes the Rock Hall's mission of educating visitors, fans and scholars about the history and significance of rock music.
3:10 pm March 12, 2010
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Four rural Northeast Ohio hospitals receive grants
The money will help the hospitals improve community services.
11:00 am March 12, 2010
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Equipment from Twinsburg Chrysler plant likely to go on auction block
Maynards Industries, the firm that purchased the former stamping facility for $45.5 million, plans to look for a buyer to operate the plant, but it isn't holding out much hope that it will.
2:41 pm March 11, 2010
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Acme Express Inc. lands $550,000 innovation grant
The Cleveland software company is testing technology that improves efficiency in scheduling nurses and technologists to alleviate health care worker shortages.
2:39 pm March 11, 2010
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Quality Electrodynamics receives $487,000 federal contract
The Mayfield Village company is developing a way to mass produce small devices that improve the quality of images produced by magnetic resonance imaging machines.
2:33 pm March 11, 2010
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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 unit agrees to buy parts of GE Energy division
» 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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