Goodyear Keeps Headquarters in Akron Under Redevelopment Plan
Goodyear Tire & Rubber plans to sell its current Akron site to Industrial Realty Group and lease a new headquarters on a 350 acre redevelopment near downtown. The $700 million private investment plus $200 million in government incentives aims to keep Goodyear’s world headquarters in Akron for decades, preserving thousands of jobs. Gov. Strickland called the move a state priority as IRG advances plans for a broader complex with offices, an industrial park, hotels, stores, and restaurants.
MENTIONED IN THIS ARTICLE
Akron
Goodyear Tire & Rubber Co
Goodyear
U.S
Ohio
Ted Strickland
Munity
Robert Keegan
Industrial Realty Group
United States
IRG
Lorain County
Ford
Lorain
American Stone Quarry
Keegan
Stuart Lichter
Downey
Calif
Los Angeles
Lichter
Subprime Interest Rate Freeze Aims Five Year Relief
Washington reports a five year moratorium on rising rates for selected subprime mortgages, targeting owner occupied homes and easing foreclosures amid plans to expand the effort with a White House briefing and joint Treasury event. The measure covers loans made early 2005 through July 2006 with rate resets between 2008 and 2010.
MENTIONED IN THIS ARTICLE
Washington
Bush Administration
Bush
White House
Treasury Department
Treasury
Henry Paulson
Housing and Urban Development
Alphonsa Jackson
Paulson
OPEC keeps output steady with price-watch stance
OPEC ministers in Abu Dhabi keep oil output unchanged for the time being while setting a February meeting to consider boosts if needed. Despite a brief rally, prices eased from intraday highs above 90 dollars as IEA noted ample supply and total OPEC output near 31.5 million barrels per day, suggesting limited near term market impact.
MENTIONED IN THIS ARTICLE
Abu Dhabi
United Arab Emirates
OPEC
New York Mercantile Exchange
Organization of Petroleum Exporting
Oil Ministers
U.S
Nobuo Tanaka
International Energy Agency
Oil and Gas Monitor
IEA
Paris
Sofa Express to close Elyria and North Olmsted stores
Sofa Express will close its Elyria store at 380 Market Drive affecting nine workers and the North Olmsted location at 24969 Lorain Road impacting 12 employees. Notices were sent to city mayors and company officials say about 14 Ohio stores are closing as part of a wider reduction.
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Sofa Express
Elyria
North Olmsted
Market Drive
Bill Grace
Lorain Road
Thomas O'Grady
Janet Smith
Ohio
Groveport
Tennessee
Florida
Carolinas
Furniture Today
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M.R. Kropko Tire Associated Press
Aftin Cruisinger
Alan Zibel
Associated Press
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John the
Abdalla Salem el- Badri
Ing
Cindy Leise
Cleise
Chroniclet
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Alarante
Aiaday
Industrials
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Dow Transportation
Dow UK
S&p
Wilshire
NYSE
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Jaclyn
Chinanresdt
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Empires Ie
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HOR Isentach
ChinaPreen
GomScos ‘Angelic
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Cry
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Winn
Westwong
Opkghith
Masiga SA
Atizlo
Utars
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TechAsh
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ClaanEnn
Ambach
Prunsem
Comcast
Gerentch
JlazzToh UN
Core
Natuzzi
Jamiqag
US Airwy
Friimind
Nata
PwShs
Ince
Pilger
SP Er
Duia Diam
Fesdthy
TimaWarn
Semiktr
GoldSt
Ousy
At&t Ing NY
LearCop
Bevel
Agioot
Amiatgph
Lowas
Colple Inc Nash NY
MGIA
BobEyn Nacd
Mednikis
Cedar
Northrop
PNC
Daimler NY
ParkHan
Darden
Penney NY
Bok i NY
McCay
FinnThind
SearsHidgs
Firgie Fist
Sherwin Ny
Fister
NASA
Brucker NY
GanElec NY
Sian
Gnivoli NY
Amax
Goodrich NY
Storis
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