Junk Bonds
As the recession increases the pace of industrial closings in the Rust Belt, one Midwestern manufacturer, Cleveland Art, is actually benefiting from the economic downturn. Its furniture is in numerous Ralph Lauren stores, Steven Spielberg has bought some pieces for his home, and the company recently opened a store in Los Angeles. Yet its design studio is in a dilapidated industrial building in Ohio, surrounded by an acre of land covered with rusting machine parts. That’s because the designer Ja... nytimes.com |
School Specialty says acquisition of AutoSkill a good fit
GREENVILLE - School Specialty executives said the acquisition of a promising education technology company will help carry it through a struggling period. topix.com |
Masco Cabinetry moving corporate HQ, 350 jobs to ex-Flint Ink building in Ann Arbor Township
The former Flint Ink building at Dixboro Road at Arrowhead in Ann Arbor Township this morning. topix.com |
UPDATE 1-Masco Q2 profit tops view, sees challenging second half
Building products maker Masco Corp posted a better-than-expected quarterly profit but warned that second half would be challenging as home building activity was slowing and big-ticket items would continue to be deferred. topix.com |
Today's Big Losers: ZLC, LZB, JACK
Zale announced a wider fiscal first-quarter loss following an amendment in the terms of its senior secured term loan, which resulted in a $46 million charge. topix.com |