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Business news briefs — April 17


Agriculture information

An Agriculture College and Career Fair will be held from 9 a.m. to 3 p.m. Saturday at the Veale Center Gymnasium at Case Western Reserve University (located at 2138 Adelbert Road, Cleveland).

Kent State’s Salem campus is among the exhibitors scheduled to attend along with Case and Ohio State University.

The fair is free and open to high school students in grades 10-12 who have a strong interest in agriculture. Registration is encouraged. Information is available online at


Promising compliance

Bridgestone Corp. issued a statement that it is cooperating with the Justice Department’s investigation of price-fixing in rubber products sold to automakers.

“In order to re-establish the trust of its customers and the many communities in which it does business, the Bridgestone Group will redouble its efforts to ensure full compliance with all relevant laws and regulations through enhanced education, training and regular internal reviews and assessments,” the company said in a statement. “[Bridgestone] will take appropriate disciplinary action against certain responsible employees in accordance with applicable corporate standards.”

Current Bridgestone manager Yoshiyuki Tanaka, and former employees Yasuo Ryuto and Isao Yoshida were indicted with the charges filed in U.S. District Court in Toledo. Each faces as long as 10 years’ imprisonment if convicted, and a fine of as much as $1 million.


Dish pays back money

Dish Network Corp. will reimburse Washington state customers about $2 million for a surcharge officials called deceptive, but the satellite TV provider denied wrongdoing in the agreement announced by the state attorney general’s office.

The company also will give existing customers who were charged the fee cash credit or access to free programming and pay the state nearly $570,000.

Dish denies the fee was illegal or deceptive, saying the state raised its business tax and the company was informing customers why prices were going up by listing a “Washington surcharge” on bills.


Workers strike in China

Workers at Nike and Adidas shoe supplier Yue Yuen Industrial Holdings Ltd. in Dongguan, China, were on strike for a third day. They are seeking a 30 percent pay increase and better benefits. The number of striking workers increased Wednesday, said a spokesman for Hong Kong-based Yue Yuen. The spokesman did not estimate the number of strikers or its affect on production. New York-based China Labor Watch estimated strikers at 30,000.

The shoemaker is negotiating with local government officials representing the employees, who have declined to have the factory union negotiate for them. Yue Yuen also supplies Puma and Asics brands.

Adidas is “closely monitoring the situation” at the factory, Katja Schreiber, spokeswoman for the company, said by e-mail.

Nike “is concerned by the events” and is monitoring production and the dialogue between factory management and workers, said spokesman Greg Rossiter by email.

The facility employs about 40,000 workers.

Yue Yuen was founded in 1988 by Taiwanese owners and has factories in China, Vietnam and Indonesia, according to its website.


Mustang milestone marked

Ford is building a limited-edition Mustang GT to honor the pony car’s 50th anniversary.

The company will only build 1,964 special cars, honoring the year the Mustang first went on sale. Pricing was not announced.

The 50 Year Limited Edition will come in one of the two colors of Ford’s logo: white or blue. Buyers can choose a manual or automatic transmission.

There are special chrome highlights around the grille, windows and tail lights. The Limited Edition will also be the only 2015 Mustang with a faux gas cap badge on the rear, where the original cap sat.

Compiled from staff and wire reports


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