IRG buys Norwalk Furniture plant in Norwalk
Industrial Realty Group purchases Norwalk Furniture, keeping the factory operating. Employees will be notified on when to return as IRG plans to ramp production, aided by two $2 million loans from state and local sources. The deal follows IRG acquisitions of other regional facilities and a past plant closure.
MENTIONED IN THIS ARTICLE
Norwalk
Norwalk Furniture
Industrial Realty Group
Lorain Ford
South Amherst
IRG
Domenic Aversa
Joe Mosbrook
Mosbrook
U.S
Comerica
Ohio Department of Development
Fulton
Miss
Paul Walker
Itawamba County
Greg Deakle
Storm Labels Oil Decline as Prices Dip Near Three Month Low
Oil prices dropped to a three month low as Tropical Storm Edouard weakened potential Gulf of Mexico disruption. Crude fell about $5 intraday and settled at 121.41 a barrel, with gasoline prices easing slightly as consumer spending sagged in June signaling weaker demand.
MENTIONED IN THIS ARTICLE
New York
Edouard
Gulf of Mexico
Tom Kloza
Oil Price Information Service
Wall
N.J
Commerce Department
Fed
U.S
New York Mercantile Exchange
Living simply shelters from the storm in Chicago community
Keri Rainsberger, 31, lives in an intentional, shared Chicago community with 28 residents. She bikes to work, has no car or mortgage, and spends 775 monthly for living costs. Residents pool resources buying in bulk to reduce expenses and share meals.
MENTIONED IN THIS ARTICLE
Chicago
Keri Rainsberger
Rainsberger
Daniel Howard
Cox School of Business
Southern Methodist University
Lake Michigan
Ohio auto rates seen rising while homeowners rise slower
Ohio projects higher auto insurance costs through year end with homeowners premiums up 1.5 percent. State Insurance Director Mary Jo Hudson noted 2007 top ten car insurers averaged a 2.6 percent rate drop while nationally Ohio held the 13th lowest car rates and sixth highest homeowners costs. In Cleveland, businesses seek a judge to bar the Bureau of Workers’ Compensation from favoring certain firms with large discounts, arguing the rate system shifts costs to nongroup employers.
MENTIONED IN THIS ARTICLE
Columbus
Ohio
Mary Jo Hudson
National Association of Insurance Commissioners
Cleveland
Cuyahoga County
Ohio Bureau of Workers
Bureau
Also Mentioned on This Page
Craig Finnen
Martha Irvine
Associated Press
U.S. Department of Agriculture
Afters Rainsberger
Keystone Ecological Urban Center
Kelit
Westlake
the Market IN Review
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Dow Industrials
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