AK Steel profits hit by Middletown lockout
AK Steel reported a sharp first-quarter profit drop due to a two month lockout at its Middletown Works affecting about 2,700 workers. Production was at 4 percent capacity with salaried staff and replacement workers, and CEO James Wainscott eyed full recovery by the end of Q2 if the labor dispute remains unresolved.
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Maverick Workers Await Fate Of Elyria Plant Closure
Maverick workers at the Elyria steel conduit plant on Massey Avenue wait for a final decision on possible closure. Plant manager Don Litt says no word yet, with a likely update within a week. The site employs 65 people and a March 14 union meeting to discuss shutdown logistics was not held.
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Diebold profits fall sharply in Q1 amid charges
Diebold Inc reports first quarter earnings of 12.7 million dollars, 18 cents per share, on 623.7 million in sales. Excluding 4 cent per share restructuring charges tied to R and D realignment, earnings were 22 cents per share, below analysts' forecasts despite stronger sales.
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North Canton - Diebold Inc
Mareié
Diebold Research and Development
Consumer confidence rises in April amid oil price lift
New York reports April consumer confidence at its highest in almost four years, buoyed by gas price increases. Private data show March sales of previously owned homes up after February gains, suggesting resilience alongside rising interest rates and inflation concerns. Oil majors in Washington forecast first quarter profits over 16 billion dollars, fueling calls for windfall taxes and tighter industry scrutiny.
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