Firing Criteria Questioned In Republic Plant Layoffs
Ed Burel, 52, Amherst, and Velma Burnette, 40, Lorain, among 251 workers faced job loss as Republic Technologies becomes Republic Engineered, with union leaders accusing the company of bias against injured workers and ignoring seniority. About 67 in the 12 inch mill and 150 maintenance staff were terminated, while remaining workers may be rehired if replacements decline. Company spokesman John Willoughby said hiring aims to match ability and that none of the buyers’ final decisions are set.
MENTIONED IN THIS ARTICLE
Lorain
Ed Burel
Burel
Amherst
Republic Technologies International
Republic Engineered
United Steelworkers of America Local 1104
Republic
Velma Burnette
John Willoughby
Willoughby
Lama
KPS
Joe Lapinsky
Bank agrees to interim loan for Colorado Industrial Park
Lorain FirstMerit Bank will provide a 907 500 interim loan to buy 160 acres from USX Steel for the Colorado Industrial Park, contingent on the state pledging permanent financing. City officials plan August talks in Columbus with Sandy Prudoff about state support and possible note sales to raise about 2 million if needed.
MENTIONED IN THIS ARTICLE
Colorado Industrial Park
Lorain
FirstMerit Bank
Colorado
Craig Foltin
Foltin
Pnndoff
Ohio Department of Development and
State Infrastructure Bank
Ohio Department of Transportation
USX Steel
Federal Economic Development Administration
Prudoff
Council
Diageo to sell Burger King for 2.25 billion dollars
Diageo PLC announced a deal to sell Miami based Burger King to a consortium led by Texas Pacific Group Bain Capital and Goldman Sachs Capital Partners for 2.25 billion in cash. The move aims to focus Diageo on liquor brands like Johnny Walker and Smirnoff and is seen as a value driven exit from fast food.
MENTIONED IN THIS ARTICLE
London
Britain
Diageo PLC
Burger King Corp
Diageo
Burger King
Texas Pacific
Bain Capital
Goldman Sachs Capital Partners
U.S
Goldman Sachs
Nick Rose
Bain
Domino’s Pizza
Tech sector concerns pull back Wall Street rally fade
Wall Street failed to extend a broad rally as tech shares slumped and the Nasdaq surrendered most of Wednesday’s gains. The Dow edged down 4.98 points to 8196.31, while the S&P 500 slipped 0.6 percent to 838.68. Analysts caution that volatility remains amid lingering questions about a bottom.
MENTIONED IN THIS ARTICLE
Kenneth Weimann
New York Stock Exchange
Wall Street
AOL Time Warner
New York
Peter Cardillo
Global Partner Securities Inc
Dow
Ing
Adelphia Communications
House
Senate
Standard & Poor
Scott Bleier
Hybroinvestors.com
Bleier
Also Mentioned on This Page
RTI
Brad Dicken
Kristin Yarbrough
The
Chronicle-Telegram
Larry Sentile
Steelworkers Local 1104
Jentile
Beicken
Kyasbrough
Chronicetelegram
Chuck Humel
Chronicle
Don Golden
United Steelworkers Union
Broadway
Burnette
Dan Harkins
Dharkins
Chronicletelegram Com
David Bonderman
Texas Pacific Group
Iarizonwireless.com
Kyocera
Versonwireless
Verizon Wireless Communications
Madway
RadioShack
Wreten Det
Micke Bros
Weppemat
Kyocera Corporation
Overzon Wireless
Weslo Dapot
Chernaoe
Fon Deninese
Sandusky
West Perlers Ave
Cos
Uberty
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