Murdoch bids 5B for Dow Jones in News Corp merger plan
Rupert Murdoch offered 60 dollars per share valuing Dow Jones at about 5 billion, aiming to merge the Wall Street Journal owner with News Corp properties like Fox News and the New York Post. The bid sparked stock gains and Bancroft family opposition while others speculated on a bidding war.
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Starbucks to Open Elyria Store Near Midway Mall This Summer
Starbucks plans to open its first Elyria Lorain County location this summer at the former Verizon Wireless space near West River Road and Midway Mall Boulevard. Valerie Carlberg cites customer demand as a key factor. New Plan Excel Reality Trust owns the space and will lease to Starbucks. Mayor Grace calls the move a sign of Midway Mall's viability.
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3M Elyria lays off 12 workers in shutdown plan
Elyria plant cuts about 6 percent of its workforce of 200 with twelve layoffs now and five more by the end of May. The reductions hinge on lower production of Scotch-Brite and O-Cel-O scrub sponges as 3M shifts to more block product output after purchasing the former Nylonge Corp. plant last fall.
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