RUBBER

Goodyear board of directors

backed by shareholder vote

The 13 members of the Goodyear Tire & Rubber Co.'s board of directors were re-elected to one-year terms Monday at the annual shareholders meeting, the company announced.

Shareholders also approved an advisory resolution authorizing the compensation of Goodyear executive officers and voted to ratify the appointment of PricewaterhouseCoopers LLP as the company's public accounting firm for 2019.

A shareholder-led proposal to require that future board chairpersons be independent directors was not approved.

 

OIL/GAS

Study shows pipelines feed

into regional investments

The second phase of oil industry development within the Appalachian Basin has seen construction of pipelines to move natural gas from well fields to processing centers, according to a study by Energy In Depth.

Pipeline construction projects have fed $32.6 billion of investments and generated more than 124,000 jobs as companies build more than 3,500 miles of pipelines, the oil and gas industry marketing agency said in the study.

The Appalachian Basin covers parts of Ohio, Pennsylvania and West Virginia, and includes the Utica Shale formation in southeastern Ohio. Over the past 10 years, drilling in the region has increased because hydraulic fracturing of shale rock releases more dry and liquid natural gas.

Of 25 pipeline projects approved by the Federal Energy Regulatory Commission, seven pass through Ohio. The list includes the Nexus pipeline that crosses through northern Stark County and the Rover line that passes through several townships in the southern part of the county.

 

STOCKS

Chuck E. Cheese plans

return to public trading

Got some spare tokens? Chuck E. Cheese is returning to the public markets.

CEC Entertainment Inc., which owns 750 Chuck E. Cheese and Peter Piper Pizza stores in the U.S. and abroad, expects to begin trading on the New York Stock Exchange under the ticker "CEC" in the second quarter.

It's the first time since 2015 that a restaurant chain will go public in the United States. The last one was Brazilian steakhouse chain Fogo de Chao.

 

MEDIA

Univision sells websites

to private equity firm

Univision has sold tech site Gizmodo, satirical-news hub The Onion and other English-language sites to the private equity firm Great Hill Partners. Terms were not disclosed.

The Spanish-language broadcaster bought much of what was then known as Gawker Media for $135 million in 2016 after the gossipy, confrontational media company lost a privacy suit against Hulk Hogan. (The original Gawker.com has a different owner. It is being relaunched by another digital media company, Bustle.)

Just a few years ago, Univision was investing in English-language digital sites aimed at young people. But the sites were not profitable and the company has refocused on Spanish TV.