Goodyear plans $50M expansion of Colombia plant
Goodyear Tire & Rubber Co plans a $50 million expansion of its Colombia Cali plant to produce radial medium truck tires. The project targets growing demand in Colombia and nearby Mexico, Venezuela, Ecuador and Chile, with completion expected in 2006.
MENTIONED IN THIS ARTICLE
Goodyear
Colombia
Goodyear Tire & Rubber Co
Latin America
Cali
Eduardo Fortunato
Mexico
Venezuela
Ecuador
Chile
Steel-labor pacts drive bidder wins in bankruptcy cases
Large steel firms have won bids for bankrupt operations by securing labor contracts with unions. ISG and U S Steel report success when unions back bidders, citing legal and practical ties. WCI seeks similar terms but faces creditor challenges amid restructuring plans.
MENTIONED IN THIS ARTICLE
Renco
Thomas Mayer
WCI
USWA
David Jury
Jury
Wendy's close to No. 2 burger spot
Wendy's and Burger King are in a tight race for the nation’s No. 2 restaurant chain spot behind McDonald’s, driven by Wendy’s salads and mature atmosphere attracting adult diners. 2003 sales round to $7.3 billion each, with 2004 projections favoring Wendy’s by about $200 million. Burger King’s strategy changes and store closures are noted while Wendy’s targets New England and California expansion to 8,500–9,500 stores by 2015.
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Columbus
Wendy’s
Burger King
McDonald’s
U.S
Burger King’s
Technomic
Chicago
Peter Oakes
Piper Jaffray
Oakes
Bob Goldin
New England
California
Morningstar Inc
Carl Sibirski
Brad Blum
Blum
Sibirski
Associated Press
Wendy's
Cold Spring
Former DPL executives sue over lost compensation
Two former executives of DPL Inc. filed a Florida lawsuit seeking the contractual compensation and benefits they allege were denied after resigning following a critical external report. Peter H. Forster and Caroline E. Muhlenkamp, former chair and interim CFO and MVE president, reside in Jacksonville area.
MENTIONED IN THIS ARTICLE
Dayton
Peter H. Forster
Caroline E
Muhlenkamp
Florida
DPL Inc
Dayton Power and Light Co
MVE Inc
Forster
MVE
DPL
Forster and Muhlenkamp
Stanley Arkin
Duval County Superior Court
Jacksonville
Fred Spar
ISG to restart Weirton blast furnace recall 50 workers
International Steel Group plans to restart a second blast furnace at the Weirton plant in West Virginia, recalling 50 steelworkers. The company also resumed operations at Riverdale Illinois, offsetting a 14 day outage caused by an unexpected BOF failure. ISG aims to employ about 1,900 at Weirton with a long term goal of 2,100.
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WCI
Mayer
Renco Group
Renco
ISG
Weirton Steel Corp
West Virginia
Independent
Steelworkers Union
Weirton
South Carolina
Georgetown Steel Co
Leggett & Platt Inc
Georgetown
Leggett & Platt
Richfield — International Steel Group Inc
W.va
Riverdale
Ill
Mtil
Ohio Company
Weirton Steel
ISG Weirton Inc
Independent Steelworkers Union
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