PUCO ruling hits Centerior over emergency rate request
Wall Street analysts say the Centerior Energy Corp. failure to obtain a 9.8 percent emergency rate hike will strain cash flow and pressure profits. Analysts warn of reduced dividends and an unstable financial outlook as the company weighs a permanent rate increase after investing about 4 billion dollars in the Perry and Beaver Valley projects. Centerior plans cost cuts while preparing for a fall PUCO filing.
MENTIONED IN THIS ARTICLE
Cleveland
Wall Street
Cleveland Electric Diuminating Co
Toledo Edison Co
Public Utilities Commission of Ohio
Centerior
Jones
Kurt Brunner
Provident National Bank
Philadelphia
Brunner
Sion
Lorton
Mars family richest in the United States per Fortune list
Fortune magazine estimates the Forrest Mars family worth about 12.5 billion dollars, surpassing the Newhouses as America's richest family and ranking third globally behind the Sultan of Brunei and King Fahd. The report notes Mars assets include Snickers and M M s maker and hints at secrecy around the company.
MENTIONED IN THIS ARTICLE
Fortune Magazine
Mars Clan
New York
Mars
Newhouse Publishing Dynasty
America
Fortune
Planet
M&ms
McLean, Vr
CIA
Forrest Mars
Forrest In
John
Jacqueline
Newhouse
Marses
Sultan
Brunei
King Fahd
Saudi Arabia
Britain
Queen Elizabeth II
Newhouses
Sam Walton
Wal- Mart
Family
Canada
Reichmann
Figgie International to relocate operations to Cleveland area
Figgie International Inc plans to move from Richmond Virginia to the Cleveland area enticed by Ohio’s improving economy and a prime development site. Governor Celeste praised the Rust Belt revival as the company with 40 divisions and 16 400 employees worldwide signals renewed Ohio investment. Major Ohio plants are in Solon Mansfield Hebron Cleveland Columbus and Akron.
MENTIONED IN THIS ARTICLE
Cleveland
Ohio
Figgie International Inc
Richmond
Harry E. Figgie Jr
Richard Celeste
Figgie
Lakewood
Pye
Celeste
Solon
Mansfield
Hebron
Columbus
Akron
Nordson Reports 52 Percent EPS Rise in Q3
Nordson Corporation posts a 52 percent rise in earnings per share for the third quarter ended July 31, with sales up 25 percent to 64.4 million. EPS is 88 cents, versus 58 cents a year ago on 51.5 million in sales. The company operates offices and plants in Westlake and Amherst, manufacturing equipment for liquid and powder coatings, thermoplastic adhesives and sealants.
MENTIONED IN THIS ARTICLE
Westlake
Nordson Corporation
Nordson
Amherst
Russell Realtors Ad Wins Second in World RELO Contest
Russell Realtors and Elyria earned second place for a display advertisement in a global RELO competition. The Chronicle Telegram ran the full page ad on Sunday April 17, with the award announced earlier this month at the RELO convention in Atlanta. Carol Scari and Brenda Lesner coordinated the bid, with Lesner longtime Russell partner for over four years.
MENTIONED IN THIS ARTICLE
Elyria
Russell Realtors
RELO
Chronicle-Telegram
Atlanta
Relo Realtors
Carol Scari
Brenda Lesner
C-T
Lesner
Also Mentioned on This Page
PUCO
John J. Jones Jr
Centerior Energy Corp
Oppenheimer & Co
CEI
Toledo Edison
Northwest
Perry
Beaver Valley
Pennsylvania
PACO
Thomas Chema
Commis
Steve Lorton
Ford
Ford Motor Company
Cambridge
Mass
York
RYSE
Avi AlskAin
Alcan
Alcoa
Aries
AlmiGr
ATST
Amoco
inchél_Og
Archon
Bakriy
Ballytat
Sree
Bakar Bead
Bankir
Ee BslSe
Jaxter
Sree Bethed Va
Elksin
Boeing
ST Bremer
Kypo Ae
Gicrox
Cocabl
duPont
Bart McGrh
Te Merck
S' Sat NikSo
Geox
Pacitel
Sara Lee
Saat Te Schimb
South Ca
Telef
Wese Weyer
Zayre
Pierre R_ Smith & Co_ Acme Cleve
Osssues Corporation
Certemories PC Inter. Inc
Emerson Iby First Bancorp
Goodrich
Hills Dept Oh Ts Lo, Industries
Invacare Ie Lcs
Ban Lnb Bancorp Lescelac
Wordson
Northern Savings 3d Qhip Edison
Parker Hannifin Smucker
Sanrise Medical
Texas Utilities
Woolworth
F.W
York International
Candy Bar
U.S
Sions
American LaFrance
Rawlings Sporting Goods
Adirondack
KTV
Magnavox
N.E.C
Hitachi
Sylvania
Mitsubishi
RCA
Teknika
Toshiba
Thurs & Fri
Tewart
Elyra
the Avenger
Lazboy
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