Terex reorganization could move Ohio jobs overseas
Creditors approve a plan to reorganize Terex Corp that would shift manufacturing overseas, cutting about 805 jobs in northeast Ohio. The plan, filed in Akron bankruptcy court, involves sale to an unidentified buyer and a merger with Terex Equipment Ltd of Scotland. The UAW must approve. plant closures were rumored, Hudson HQ likely scaled back to a parts sales center.
MENTIONED IN THIS ARTICLE
Warner
Terex
Terex Equipment Ltd
Scotland
General Motors
Ohio
Hudson
Business briefs from Cleveland area markets and banks
E Bradley Jones former LTV Steel chairman joined the North American Coal Corp board as the number of directors increases. Columbus financier Daniel Galbreath elected to a three year term on the Federal Reserve Board of Cleveland governors. William A Stroud re elected to a second three year term as First Knox National Bank chair. In Elyria InvaCare Corp reports a third quarter loss of 279 000 or 5 cents a share on 231 million in sales. Mr Gasket Co posts record sales but a drop in quarterly earnings to 14 million or 13 cents per share amid a 29 percent nine fox quarter gain in sales for the year.
MENTIONED IN THIS ARTICLE
Cleveland
E Bradley Jones
LTV Steel Co
North American Coal Corp
Columbus
Daniel McGalbreath
Federal Reserve Board of Cleveland
William A Stroud
First Knox National Bank of
Mount Vernon
Elyria, Ohio
Invacare Corp
Market Mixed As Dow Rises. Broad Declines Lead
In New York trading the Dow Jones industrial average gained 69 points to 143991 in early action while the broader market weakened with declines outnumbering advances by about 2 to 1 among NYSE issues. The day followed Thursday’s highs as investors paused after a rally.
MENTIONED IN THIS ARTICLE
New York
Columetis Egg Prices Weigh On Ohio Markets
Market reports show Columetis egg prices influencing Ohio cartons and wholesale bids. Vendors reflect fluctuating demand as buyers seek higher quality grades amid supply shifts, with notes of standard cartons and varying weight classes affecting pricing strategies.
Metal prices and commodities report notes shifts
Prices centered on the Comex show mixed moves with aluminum around 42 cents per pound and lead near 49 cents per pound. Zinc fluctuates while copper sits near 70 cents per pound and other base metals display modest changes across markets.
MENTIONED IN THIS ARTICLE
AL Voir
Comex
Verity Aluminum
Waitble
Steelmakers face uncertain ground after price hikes
Analysts say there are no guarantees steelmakers can sustain price increases amid import restraints and demand shifts. Peter Linker of First Boston cites a 50-50 chance, noting ongoing price erosion without a fresh demand surge. US Steel, Bethlehem, LTV and others have lifted prices on sheet and tin mill products, with bars also rising.
MENTIONED IN THIS ARTICLE
Pittsburgh
Reagan
Peter Linker
First Boston Corp
New York
Anker
US Steel
Bethlehem
Also Mentioned on This Page
Akron Beacon-Journal
United Auto
UAW
Detroit
Terex Terex
IBH Holding AG
IBH
Mclunch
McDonald's
Detroit Rd
Sheffield
Donna Pickett
C-T
Janine Exner
North American Coal Board
Galbreath
John W Galbreath & Co
Galbreath and
Stroud
Gasket Co
Tarly
NYSE
Aniax
Barry
Avery
IAM
Tibet
Pires Sanath
Acris
Alina Arpioritian
Alice
New
Ue Industris
Sybran
Woolworth
Bigor
Ohio Ties
Mutuals
Asserpron
Astudiys
Bsal
NL Voahaaiart Invest Venger Peat
Roy NE
Thal Rahmow
Willy
Wallictroaw
Casti Meaki
Lescan Mary
Boaleaig
Hoffie
Wit Vt Lyon
NortHer Savings and Loan Company
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