VW's second retro van aims to recapture Microbus fame
Volkswagen AG plans a new retro styled van produced in Germany starting in about three years at roughly 80 000 units annually two thirds to the United States Officials offered few details but showed a modernized Microbus at auto shows last year with a front mounted V 6 engine and front wheel drive Meanwhile Goodrich to acquire TRW aeronautical systems for 1 5 billion in cash a deal awaiting regulator approval and expected to close by year end Fifth Third Securities to pay a 1 million fine to settle a federal pay to play claim while denying wrongdoing and retaining its municipal bond business position in Ohio with about 34 billion in assets under management
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Volkswagen
Germany
Volkswagen AG
United States
Goodrich
David L. Burner
Cincinnati
Fifth Third Securities Inc
Fifth Third Securities
Securities and Exchange Commission
Fifth Third
Ohio
Fifth Third Bancorp
Fifth Third Bank
Martha Stewart faces insider trading probe and fallout
The Washington Post reports Martha Stewart, linked to ImClone stock trades, amid a widening inquiry. Investors watch her empire wobble as Kmart ties and a critical biography color public perception, while analysts note risk to brand and separate value of the company from the individual.
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Martha Stewart
Kmart
Martha Inc
Christopher Byron
Martha Bimearte Marron
Wall Street
ImClone Systems Inc
Stewart
ImClone
Martha Stewart Living Omnimedia Inc
Anatapas Sant” Ars
Martha
George Smith
Davenport & Co
New York Stock Exchange
Scorchers expands with Mills Creek Plaza opening
Dan Lackner, owner of another Scorchers in Bedford Heights, plans to open a Mills Creek Plaza bar and restaurant on Center Ridge Road. The 300-seat venue will offer a full menu, drinks, pool tables, TVs and video games. The liquor license transfer is expected within 90 days.
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North Ridgeville
McNamara
Scorchers
Ohio
Dan Lackner
Bedford Heights
Mills Creek Plaza
Center Ridge Road
Lackner
Jorge Serrat
Goodyear sees better Q2 results on cost cuts
Goodyear says second quarter results will be higher than expected due to cost cutting and stronger international sales. The company forecasts 10 to 15 cents a share for the quarter ending June 30, up from prior guidance of 5 to 10 cents.
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AKRON
Goodyear
Thomson Financial
First Call
New York
Family Dollar to Open Elyria Store This Summer
Elyria will welcome a new Family Dollar at 422 Lake Ave in the former Bob’s Sparkle Market. The 7800 square foot building received its permit April 30 and may open in early August after inspections. Local officials note the chain plans 525 new stores this year and Elyria will be the Ohio city without a Family Dollar.
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Elyria
Family Dollar
Lake Ave
Florence Stanley
Gerald Klein
Klein
United States
Ohio
Stanley
Nate Zayed
Matthew Schmitt
Opening Stocks Report Mixed Notable Kroger Move
Opening stock figures show mixed results with several tickers fluctuating. Notable entry Kroger lists 526000 shares trading around 19.80 before a slight dip to 19.50, while other items like BEIS and SHG display modest shifts within narrow ranges.
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