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Portage County hospital extending its reach
UA program draws science professionals into teaching
Reliever Chris Perez ready to close door on his poor start with Indians
Hundreds in Canton for Tea Party
Progress reported at troubled landfill
Five years after attack, woman finds her way
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Monday Notebook, New "90210" on DVD
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Another NBA free agent goes to a Cavs competitor
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Opponent outlook: Northern Illinois
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Single-game ticket sales begin July 11
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Shapiro fights to maintain normalcy
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Stallworth test showed marijuana
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Men's Basketball Scheduling update
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Free agency: Another One Bites the Dust
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The Obligatory Palin Post
Blog of Mass Destruction:
The "Limbaugh Babies"
Akron Law Café:
The Veil and the Burqa – Constitutional to Ban or Restrict?
Varsity Letters:
Highland senior receives honor
See Jane Style:
Picnic Wear
Car Chase:
Where do We Go from Here?
Let's Talk Real Estate:
ID My Bug
Ohio Travels with Betty:
Jennifer inquires about a bus tour to Atlantic City
Sound Check:
Rundgren fans rejoice!: Second night of AWATS at The Civic added
HRLite House:
Morscruethal Behaviors or Just Lip Service?
Akron Gamer:
Hot link: Best of Nintendo at E3
Published on Wednesday, Jun 11, 2008
Material supplies
worry steel makers
Cleveland-Cliffs Inc., North America's largest producer of iron ore, said steel makers are concerned supplies of the material used to make the metal might run short and are renegotiating contracts to guarantee deliveries.
Russia's OAO Severstal recently renegotiated a contract that wasn't up for renewal because it wanted to guarantee extra supplies, Cliffs Chief Financial Officer Laurie Brlas said at a conference in Toronto. Cliffs increased base prices on the contract, she said.
Cliffs said it supplies about 28 percent of the iron-ore pellets used in North America, and much of the material it doesn't supply is held by steel makers such as U.S. Steel Corp., the largest U.S.-based steel producer. Iron-ore prices are soaring because of rising demand in China, Russia and India.
Nissan truck shift
is out, car shift is in
Nissan North America is switching gears at its Canton, Miss., plant, cutting a truck-making shift in favor of one to build cars.
The move comes amid rising gas prices and dropping demand for trucks in the U.S. Some of the 450 truck shift workers will begin moving into their new role June 23.
Networking event
planned by MDBA
The Multicultural Diversity Business Association will hold a high-speed networking event during its monthly membership drive in Akron. Speed networking involves people meeting each other one at a time for short intervals.
The event will be 4 to 6 p.m. June 25 at the Memorial Dining Room, 440 Grant St. (behind the Business Medical Service Bureau). It is free to MDBA members, $10 for nonmembers. For more information, call 330-920-1915 or visit http://www.mdbaonthemove.com.
/> Fed chairman says
outlook improved
Federal Reserve Chairman Ben S. Bernanke said the economic outlook has improved from a month ago, and central bankers will combat any increase in inflation expectations.
''The risk that the economy has entered a substantial downturn appears to have diminished over the past month or so,'' Bernanke said in remarks to a Boston Fed conference in Massachusetts. ''The Federal Open Market Committee will strongly resist an erosion of longer-term inflation expectations.''
Inflation rate down
in May in China
China's inflation rate slowed to 7.7 percent in May, according to two government officials who said they saw statistics bureau data.
DuPont investigates
factory's cancer rate
DuPont is planning a detailed study looking at why workers at a West Virginia plant appear to be getting a rare form of cancer at a higher rate than normal.
The study DuPont hopes to start this summer is designed to help determine whether anything at the Washington Works plant near Parkersburg, along the Ohio line, is causing carcinoid tumors, company epidemiologist Morel Symons said. Early work suggests there are more cases than would be expected at the plant, he said.
DuPont uses the chemical ammonium perfluorooctanoate — commonly referred to as C8 — to make the nonstick product Teflon at Washington Works.
Ford investors take
Kerkorian's offer
Ford investors flocked to Kirk Kerkorian's offer to buy 20 million additional shares of the company, a move that will help the billionaire investor increase his stake in the automaker to about 5.5 percent.
Kerkorian's Tracinda Corp. said its tender offer of $8.50 a share drew overtures of more than 1 billion of the company's shares, or nearly half of Ford's outstanding stock. Tracinda will buy 20 million shares for about $170 million.
Analysts said the enthusiastic response was not surprising, given the trajectory of Ford's stock price in recent weeks. When Tracinda launched the cash tender offer on May 9 for the additional shares, it offered a slight premium to the stock's May 8 closing price of $8.20.
Ford shares closed down 24 cents, or 3.8 percent, to $6.12.
Material supplies
worry steel makers
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