REP Gets 5 Million Loan for Lorain Mill Upgrade
REP receives a 5 million dollar, five year loan at 3 percent from the Ohio Department of Development to fund construction and refitting of a 20 inch mill at its Lorain facility. Project cost exceeds 19 million, enabling larger bars and job retention in a period of steel industry challenges.
MENTIONED IN THIS ARTICLE
Adan Burns Fairlawn
Republic Engineered Products LLC
Ohio Department of Development
REP
Lorain
John Willoughby
Willoughby
Republic Technologies International
Republic
Fmily
Chad Munitz
Job Loss Numbers Skyrocket in Greater Cleveland Area
The Chronicle-Telegram reports that between 2000 and 2002 Lorain and Cuyahoga counties combined shed 56,246 jobs, with Lorain losing 6,440 and Cuyahoga 49,806. George Zeller of CROCG calls the downturn a very significant recession despite claims of mild impact.
MENTIONED IN THIS ARTICLE
Lorain
Cuyahoga
Elyria
Tist
Toth
Ohio
Council of Economic Opportunties
Greater
Cleveland
Lorain County
George Zeller
The
CROCG
Zeller
Stocks Rise Modestly On Trio Of Reports
Wall Street edged higher for a third straight day as retail sales and jobs data offered mixed signals. The Dow added 13.33 points to 9,196.5, while the Nasdaq gained 0.5 percent to 1,653.62 and the S&P 500 rose 0.1 percent to 998.51. Analysts noted optimism about a year‑end economic recovery despite ongoing labor market weakness. Major movers included AT&T and Intel, with Heinz and H&R Block among the decliners after earnings misses and a court ruling.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Todd Clark
Wells Fargo Securities
Dow Jones
Standard & Poor
Commerce Department
Labor Department
Hank Herrmann
Waddell & Reed Financial
Fed
S&p
Dow
At&t
Intel
HJ Heinz
Food Company
H&r Block
Altria Group
Ilinois Supreme Court
Britain
Germany
Dollar Quist trade shifts euro and pound in subdued markets
The euro eased to around 1.1765 dollars after a brief weekly high while the dollar gained little support from weak US data. Sterling rose to a 43 month high earlier but closed little changed as bids from investors faded. The euro, yen, and other currencies traded in narrow ranges amid subdued flows and cross market caution.
MENTIONED IN THIS ARTICLE
New York
Dow Jones/AP
Sterlng
Bank of Japan
European Central Bank
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Chronicle Graphic
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Altia Ak BO Inure
Bedford
Meadowbrook Market Plaza
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