Former DuPont chemist admits stealing trade secrets
Gary Min also known as Yonggang Min pleaded guilty to stealing confidential DuPont material. The 43 year old from Grove City Ohio faces up to 10 years in prison and a $250000 fine with sentencing set for March 29. Investigators say Min downloaded about 16700 documents and 22000 abstracts from DuPont’s data library while in talks with Victrex PLC about Asia opportunities. He surrendered his passport and cooperates with authorities.
MENTIONED IN THIS ARTICLE
Dover
Del
DuPont Co
Ohio
Gary Min
Yonggang Min
Wilmington
DuPont
Min
Columbus
Grove City
Colm Connolly
U.S
China
Victrex PLC
Asia
Victrex
FBI
Chrysler restructuring to affect Midwest plants
Chrysler plans 13 000 job cuts over three years as part of a broad downsizing to trim costs and return to profitability. Eight Midwest plants in Michigan Ohio and Indiana will lose shifts and hundreds of positions including 200 in Toledo 110 in Twinsburg 1000 near Auburn Hills and 230 in Detroit along with a Newark assembly plant closure and a Cleveland area parts center shutdown.
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Detroit
Chrysler
Michigan
Ohio
Indiana
Toledo
Twinsburg
Cleveland
Chrysler Group
U.S
Canada
Germany
DaimlerChrysler AG
Newark
Del
Warren
Mich
St. Louis
Mack Avenue
Trenton
Sterling Heights
David Elshoff
Auburn Hills
Elshoff
Kokomo
Mike Aberlich
Auto Workers
Detroit relies on cuts and efficiency to win back buyers
Detroit’s three big automakers move to shrink costs and cut thousands of jobs while pursuing smaller, fuel efficient vehicles. Chrysler cuts 13,000 jobs and closes lines. Ford trims up to 38,000 blue collar posts plus 14,000 salaried. GM batters salaried staff and about 35,000 production positions. The aim is to lower per car costs and win back demand lost to imports.
MENTIONED IN THIS ARTICLE
Detroit
Efraim Levy
Standard & Poor’s
Chrysler
Ford Motor Co
General Motors Corp
Sheffield warehouse sale shifts 2M to Carney-McNicholas
HKM sold the 40,000 square foot Abbe Road building for 2 million to Carney-McNicholas Inc. The buyer plans to relocate offices by Feb 26 as digital printing reduces space needs. Carney, a 1906 family business, will continue operations with no immediate job changes.
MENTIONED IN THIS ARTICLE
Sheffield
HKM Distribution Services
Abbe Road
Carney-McNicholas Inc
Thomas J. Carney
Berea
HKM
Lorain County Auditor's
Carney
Pany
Cleveland
Carney-MacNicholas
Couple drops Katrina suit against Allstate in New Orleans
Lawrence and Elizabeth Tomlinson withdrew their federal bad faith and underpayment claims against Allstate Indemnity Co in Marrero Louisiana, ending the first Katrina era insurance suit tried in U S District Court. Judge Martin Feldman dismissed the seven jurors after the withdrawal. The couple had alleged wind damage at their home and accused Allstate of misrepresenting parts of their claim while Allstate charged misrepresentation. The company said there was mutual withdrawal with no compensation.
MENTIONED IN THIS ARTICLE
New Orleans
All- State Indemnity Co
Louisiana
Allstate
Lawrence
Elizabeth Tomlinson
Judy Barrasso
Christy Howley
Martin Feldman
Feldman
Tomlinsons
Marrero
Northbrook
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Randall Chase
Associated Press
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Ing
Mustakoff
Midwest
Ford
Edge
Bette Pearce
Katrina
The
Dany Dow Jones
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Dow Incussars
Dos Transportation
Coe Ames
S&p
Russet
Winstone
Nyse Amex Naaspag
Spardict
Ampex
Ryerson
KeOlg
Burcra
Aerocy
DyaxCp
Vicon Tatogeré
Mons
Lest Batu
Ascerda
Saton Fh
ReaNek
Microsoft
Quatcom
GerElec
Seators
Lexa
Lee
Lowes
Marvel Sf
Eld ArhDan
Mberosot
EEA Sys
Grace
FeaNuh Nas
Oak Ny
Haiers KY
Arex
Ency Arex
Texrst KY
Orgch
New York Mercartie Exchange
Cetet
Trae GE O
KYBT
New York Board of Trade
Ameo Fins Goakeea
Goa
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Amencas Furs Inclne
Amerca
Amercas
Fundtiar
Angurt Wiesh iv
Ab Oga
iSebry
Fadetty Growine
Coe Aes Bo
Aero Prin Nore A
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