Lesco reports third quarter loss amid plant expansion
Lesco Inc reports a $246,310 third quarter loss lowering earnings to 94,326 from 340,636. CEO James FitzGibbon cites expansion costs at the Sebring, Florida plant. For the first three quarters of 1986 earnings reach about 1.2 million versus nearly 1.3 million in 1985, while sales rise 17 percent to about 13 million.
MENTIONED IN THIS ARTICLE
Rocky River
Lesco Inc
James FitzGibbon
FitzGibbon
Sebring
Fla
OPEC Leaders Meet to Head Off Oil Price Plunge
In Geneva OPEC nations convene a special session with experts predicting a renewal of a temporary production accord to curb a slide below $14 a barrel. Analysts warn failure to extend Aug. 5 pledge could push prices below $10, threatening revenues of about $80 billion for 1986.
MENTIONED IN THIS ARTICLE
OPEC
Geneva
Stephen Smith
Data Resources Inc
U.S. Economic Research Organization
Smith
Organization of Petroleum Exporting Countries
Lexington
Mass
NLRB restricts whistleblower protection on single actions
The National Labor Relations Board ruled that a worker who acts alone to report safety hazards is not protected by the Taft Hartley Act from firing. The decision reverses a 1975 expansion of protected concerted activity, citing the law as intended for collective actions, not solo safety protests. The ruling notes Prill could have pursued safety reporting under the 1982 Surface Transportation Act, which lacks retroactive applicability.
MENTIONED IN THIS ARTICLE
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National Labor Relations Board
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Kenneth P. Prill
Meyers Industries Inc
Tecumseh, Mich
PRILL
Meyers
U.S. Court of Appeals For
District of Columbia
Taft-Hartley
Meyers Industries
Labor Department
Better Business Bureau wins two national awards in Cleveland
The Cleveland office of the Better Business Bureau earned an outstanding consumer education award and an outstanding membership development and retention award from the national BBB in San Diego. The awards recognize education programs and personalized services, with BBB president David Weiss noting the office’s effort among the nation’s larger bureaus. In 1985 the BBB won the Marshall A. Mott award for excellence in communications. In Brook Park Firestone Tire & Rubber Co sold its Holland Road distribution center inventory and equipment to Ziegler Tire & Oil Co, which will operate a new tire distribution center serving Greater Cleveland Lorain County and Medina County.
MENTIONED IN THIS ARTICLE
Cleveland
Better Business Bureau
San Diego
Calif
David Weiss
Marshall A. Mott
Tire & Rubber Co
Holland Road
Canton
Ziegler Tire & Oil Co
Bill Ziegler
Ziegler Tire & Oil
Holland Rd
Firestone
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