Fed rate hike signals mixed effect on consumers
The Fed raised its key rate by a quarter point, aiming to nudge banks to raise some lending rates. Mortgage and auto loan costs remain steady while credit card and home equity rates may rise slightly. Officials say longer-term borrowing will stay largely unchanged and the economy can absorb higher costs.
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Exsurco expands Birmingham facility for tissue bank blades
Exsurco Medical opens a new Birmingham site, a Bettcher Industries subsidiary, for expanded storage and manufacturing. Production began in July after June move and refurbishment. Led by Sarah Ann McKinley, the firm makes 360 degree rotary blades for tissue banks to recover cadaver skin for allografts, not yet in surgical markets.
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Exsurco Medical opens new Lorain County location in Ohio
Exsurco Medical advances its launch plan with a new Birmingham OH site at 10804 Green Road to support upcoming medical devices for skin grafting and wound debridement. Company reps SOPKO and Rob Swindell discuss FDA validations and training tissue bank specialists for medical and surgical markets.
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Google plans standalone self driving car unit under Alphabet
Alphabet plans to spin out Google's autonomous vehicle division as a separate rides for hire business next year. The fleet would comprise varied vehicle sizes and could launch in confined campuses or bases after testing in San Francisco and Austin. California draft rules require manual overrides on self driving cars.
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