GM to invest over 500 million in new Lordstown compact car
General Motors outlines a $500 million plus plan to build a new compact model at Lordstown Ohio. The car aims to improve fuel mileage over the Cobalt and G5 and will be produced starting in April 2010 with engines built in Flint Michigan.
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Lordstown
General Motors Corp
U.S
Rick Wagoner
Cruze
Ohio
Moraine
Shreveport
Flint
Mich
Europe
Asia
Wagoner
New buyer emerges to rescue Steve & Barry's in bankruptcy
BHY S&B Holdings LLC led by Bay Harbour Management and York Capital Management won with a 168 million offer for Steve & Barry's, the Port Washington based retailer. If approved, close to 276 stores mostly remain open. details on closures to be announced. The deal includes inventories leases licenses and headquarters. Actress Sarah Jessica Parker supports continued mission while creditors seek rents and fees owed.
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Melville
N.Y
Bay Harbour Management
Steve & Barry's
York Capital Management
New York
London
Hong Kong
Douglas Teit
Elbaum
Sarah Jessica Parker
Kerosene Recall Spreads Across Four States
Pittsburgh Terminals Corp recalls kerosene sold May 1 to Tuesday in western Pennsylvania eastern Ohio northern West Virginia and southwestern New York after tests found gasoline mixed in kerosene. Valve malfunction at storage facility west of Pittsburgh led to the issue and stores are posting recall notices.
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Coraopolis
Ohio
Pittsburgh Terminals Corp
Erie
Pittsburgh Terminals
Pittsburgh
John Arnold
Pennsylvania
West Virginia
New York
Arnold
Strickland Opposes Fall Sick Day Ballot Measure
Ohio Governor Ted Strickland and Lt. Gov. Lee Fisher oppose a fall ballot proposal that would guarantee seven paid sick days to most workers. They call the initiative unworkable and harmful to the state economy and urge campaigns to avoid portraying Ohio as antibusiness.
MENTIONED IN THIS ARTICLE
Columbus
Ohio
Ted Strickland
Strickland
Lee Fisher
Strickland and Fisher
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