McDonald's CEO Jim Cantalupo Dies at 60
McDonald's chairman and CEO Jim Cantalupo died at 60 from an apparent heart attack in Orlando during the international convention. Charlie Bell was named CEO and Andrew J. McKenna was named chairman as the company announced leadership changes. Bell had been poised as heir apparent since December 2002 after his promotion to president and COO.
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Chicago
McDonald's Corp
Jim Cantalupo
Cantalupo
Charlie Bell
McDonald's
Andrew J. McKenna
Bell
Orlando
Fla
McDonald’s
McKenna
Hamburger Fiant
Jim
GM Ford invest 720 million in new six speed transmission
GM and Ford announce a 720 million joint investment to produce a new six speed automatic transmission at three plants in Warren Michigan Sharonville Ohio and Sterling Heights Michigan Production is slated to begin in 2006 and sustains about 1060 jobs across Michigan and Ohio The deal under a 2002 memorandum of understanding aims to reduce development time and costs while advancing fuel efficiency and performance.
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Detroit
General Motors Corp
Ford Motor Co
Dave Szczupak
Ford
Michigan
Cincinnati
Sharonville
Ohio
North America
Szczupak
Warren, Mich
Transmis
Sion
Sterling Heights
Tom Stephens
Elyria approves Degussa expansion project
Elyria City Council approved a zoning variance for an 8.5 million expansion at Degussa Initiators LLC. Plant manager Michael Barreca said upgrades will keep the plant competitive. groundbreaking is set for 2 pm April 28 with construction to start May 6 after building department approval. Degussa employs 86 locally and 48,000 globally.
MENTIONED IN THIS ARTICLE
Elyria
Degussa Initiators LLC
Michael Barreca
Degussa
Aztec Peroxides LLC
Parker Hannifin earnings rise 122 percent
Parker Hannifin Corp. reports earnings up 122 percent for the quarter ending March 31. Earnings reach $107.8 million or 90 cents a share, on sales of $1.91 billion, versus $48.7 million or 42 cents per share and $1.65 billion a year earlier. North American demand remains strong.
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Cleveland
Parker Hannifin Corp
North America
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