Breaking News: Not Looking Good for RG's Warren Mill
Wednesday, August 08, 2012YOUNGSTOWN, Ohio – No steel companies placed a bid on the assets of bankrupt RG Steel’s Warren plant, according to a story posted this morning by the Baltimore Brew website.
Neither did RG’s Sparrows Point mill receive a bid from a steel operator. Instead, a bid of $72 million was offered by Hilco Industrial, a Michigan company that says it provides “industrial capital asset acquisition and disposition services.”
Tervita Derails Purchase of Youngstown & Southern
Wednesday, August 08, 2012EAST LIVERPOOL, Ohio -- A report from the Columbiana County Port Authority says Tervita Corp., based in Calgary, Canada, is not moving forward on its acquisition of the Youngstown & Southern Railroad.
The port authority broke the news in a fax Tuesday afternoon, saying it "will now actively pursue other potential purchasers who have expressed interest in the line." The 36-mile short line runs from Youngstown to Darlington, Pa.
No Word Yet on Auction of RG Steel's Warren Mill
Wednesday, August 08, 2012YOUNGSTOWN, Ohio -- Information is scarce this morning as reporters scramble to learn the results of Tuesday’s auction of RG Steel’s Warren and Maryland steel mills.
YSU Recognizes Watts Donors at Ceremony
Wednesday, August 08, 2012YOUNGSTOWN, Ohio -- Even a ceremony recognizing the individuals who donated more then $4 million to build the new indoor training center at Youngstown State University -- including an appearance by the coach that led the school's football program to four national titles -- couldn't halt the regularly scheduled activities inside it.
'3 Minutes With' Jim Tressel
Wednesday, August 08, 2012YOUNGSTOWN, Ohio -- Today's '3 Minutes With' features Jim Tressel, vice president of student engagement at the Univesity of Akron and former head football coach at Youngstown State University, who was back at YSU Wednesday to recognize donors to the Watson and Tressel Training Site. Tressel talks about how the center is being used and can help with student recruitment, his current post at the University of Akron and his thoughts on being back at YSU, where he led the football team to four 1-AA national titles.
Port Authority Sets Aug. 23 Financing Seminar
Wednesday, August 08, 2012YOUNGSTOWN, Ohio – The Western Reserve Port Authority and the Development Finance Authority of Summit County will conduct a half-day seminar on the financing tools port authorities can provide to private business, governmental entities and non-profit organizations Aug. 23 at the Kent State University Trumbull Campus in Champion.
U.S. Rep. Tim Ryan, D-17 Ohio, and a panel featuring finance and development experts will headline the "Financing Our Future" event, which will take place in the Workforce Development Building on the Kent Trumbull campus.
Station Square Wins Kudos from Wine Spectator
Wednesday, August 08, 2012YOUNGSTOWN, Ohio -- Station Square Restaurant in Liberty Township has been honored with Wine Spectator Magazine’s Award of Excellence for 2012. Only 1% of restaurants in the United States are so honored by the magazine, its editors say.
Station Square, open 25 years, offers a wide variety of fine wines from around the globe as well as a selection of its own signature wines, according to co-owner Ottavio Musumeci.
‘Ohio Rocks!’ License Plates Go on Sale
Wednesday, August 08, 2012COLUMBUS, Ohio -- Ohio Rocks, says the state Department of Natural Resources, and the state Department of Transportation is underscoring the assertion by issuing a new license plate. Purchases of the plate will fund further research and outreach of the geology of Ohio.
Cafaro Hints at Moving Company's Headquarters
Tuesday, August 07, 2012YOUNGSTOWN, Ohio – Anthony Cafaro Sr. said this morning an announcement about a possible move for the Cafaro Co. could come in the next several months. However, a spokesman for the company said the headquarters would likely remain in the Mahoning Valley even if it moves from its longtime site on the city's north side.
Asset Sales, Liquids Fuel Chesapeake's 2Q Gains
Tuesday, August 07, 2012OKLAHOMA CITY – Big gains from the sale of its assets led Chesapeake Energy Corp. to report second-quarter net income of $972 million, or $1.29 cents a share, the company announced after the close of trading Monday. When gains from asset sales and other one-time items are excluded, Chesapeake reported adjusted net income of $3 million, or 6 cents per share.