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Updated: November/22/2009
First Solar plant re-energized

A huge expansion of a solar panel manufacturing plant in Perrysburg Township is nearing completion just in time for a massive planned increase in solar energy use across the United States and Canada. Utility-scale solar fields, mostly in the West and South, will consume the output of the First Solar Inc. >>




Updated: November/22/2009
Girding against germs: Flu outbreak in area spurs disinfectant, sanitizer sales germs
FOR THE LAST four months, Kelly Royce has kept two bottles of hand sanitizer gel on her desk and a can of Lysol in the drawer. She is not paranoid about germs. But the way she sees it, manning the front desk at the Florian Insurance Agency in South Toledo carries health risks. “I would say that lately, 90 percent of the people coming in the door are sick. >>



Updated: November/22/2009
Toledo start-up undeterred by prospect of supply glut
Despite concerns about a global supply glut in the solar-panel industry, a Toledo start-up company said interest in its products remains keen. >>



Updated: November/21/2009
Brokerage firms shuffle Toledo offices, consolidate
The people may stay the same, but the names and places where Toledoans can speak to their stockbroker are undergoing a realignment, resulting from the financial turmoil on Wall Street a year ago. >>


Updated: November/20/2009
Investment firm buys B.G. mall's $8.9M loan
An $8.9 million loan taken out in 2007 by investors to buy troubled Woodland Mall in Bowling Green is now in the hands of an investment firm that acquires toxic mortgage assets. >>


Updated: November/20/2009
Bank wins bid to retake control of former Clarion
The mortgage-holder of the former Clarion Hotel, 2340 Reynolds Rd., Toledo, will re-take control of the 11-story property that has been shuttered for 16 months. >>



Updated: November/19/2009
2 area auto parts retailers get new owners
A pair of longtime auto parts retailers in the region are under new ownership and promising to offer additional parts and services for customers not shy about getting their hands dirty. >>


Updated: November/19/2009
La-Z-Boy stock jumps 29% after profit report
The day after La-Z-Boy Inc. disclosed its third consecutive quarterly profit, the Michigan furniture maker’s stock soared. It was among Wednesday’s top two gainers on the New York Stock Exchange in percentage terms. >>


Updated: November/18/2009
La-Z-Boy posts profit for third quarter in row
La-Z-Boy Inc. reported Tuesday that it had a profit of $5.9 million in its latest quarter, reversing a $53.7 million loss a year ago, even though sales fell. >>


Updated: November/18/2009
Preservation program accepts 8 area farms
Eight farms in Fulton, Henry, and Seneca counties, with a total of 860 acres, have been accepted into a state program that allows owners to retain land but receive payment for agreeing not to develop it for other uses. >>



Updated: November/17/2009
Thankful for customers, area stores talking turkey
October is supposed to be the month for frights, but this year retailers appear a little scared by Thanksgiving. Scared to raise prices for turkeys, that is. "This is the first year we've seen deflation on some groceries," said Mark Katafiasz, manager of the Food Town store in Lambertville. "It's squeezing margin on everybody. Everything now is about keeping those customers coming in the door." >>



Updated: November/17/2009
Perrysburg subdivision thriving as others stall
Amid the banging of hammers and whir of electric saws, construction crew leader Dave Stoll doesn't hesitate when asked why business is so brisk in the new Perrysburg subdivision. >>


Updated: November/17/2009
Ed Schmidt closing Maumee Chevy store
Ed Schmidt Automotive Group will close its Chevrolet dealership in Maumee on Nov. 30, company officials said. >>



Updated: November/15/2009
Toledo's OC begins to recover from chilled sales of fiber glass
WHEN HARD times cause boaters on Italy's Lake Como to delay trading up, executives at the Toledo headquarters of Owens Corning take notice. Slumping sales of swimming pools, corrosion-resistant oil pipelines, and windmills - wherever in the world - are also a cause of concern. >>



Updated: November/14/2009
Tesla Roadster uses 'cool' Dana technology
The Tesla Roadster Sport is an ultracool electric sportscar that can accelerate almost silently from zero to 60 mph in 3.9 seconds. But keeping the Roadster - or more specifically, its 6,800 laptop batteries - ultracool? Well, that was another problem, one that's been solved by a Canadian engineering team working for Dana Holding Corp. of Maumee. >>


Updated: November/12/2009
Local leaders optimisticon luring energy lab
Local economic development officials reported yesterday that their meeting with SRI International Inc., a research and development organization in Menlo Park, Calif., to bring an alternative energy research lab to the area was successful. >>



Updated: November/11/2009
Etch a Sketch is a big draw for Hollywood producers
Fresh from watching Transformers 2 gross $833 million worldwide, a half-dozen Hollywood producers are actively seeking the rights to make a full-length feature film based on the Etch a Sketch toy. Their challenge: crafting a three-dimensional story line when all they have to work with is left and right, up and down. >>


Updated: November/11/2009
SSOE alters its name to reflect reach, services
A Toledo engineering firm launched in the years after World War II has changed its name to reflect its global reach and broader range of services. >>


Updated: November/10/2009
200 jobs in Edgerton safe after plant sale
People in the village of Edgerton in hard-pressed Williams County breathed a sigh of relief Monday after learning that the area is not about to lose an additional 200 jobs. >>



Updated: November/07/2009
Toledo consumers turning their gold into green
There's a gold rush of sorts going on right now, but not with pick axes and dynamite. Instead, consumers struggling through a moribund economy are rushing to jewelry stores to cash in unmatched earrings, out-of-style necklaces, and old gaudy bling now that the price of gold has hovered near $1,100 an ounce. >>



Updated: November/07/2009
Investor buys Woodville Mall, intends to add stores
The struggling Woodville Mall in Northwood, which has been up for sale since April, 2007, has been sold to a New York mall property investor who has indicated he plans to fix the mall and add stores. >>



Updated: November/06/2009
Jeep exports face barriers
Chrysler Group LLC may dream of exporting hundreds of thousands of Wranglers and Liberties from its Toledo Jeep Assembly complex one day, but experts say there may be obstacles to overcome before that can happen. >>



Updated: November/05/2009
Toledo-made Jeep vehicles assigned key role for Chrysler turnaround
Chrysler Group LLC officials Wednesday revealed broad changes coming to Toledo-made sport utility vehicles and hinted at plans to “expand the derivatives” of its iconic Jeep Wrangler. During a seven-hour presentation at Chrysler's headquarters 30 miles north of Detroit, company executives laid out how they expect to move from bankruptcy to profitability in just five years. >>



Updated: November/05/2009
Area dealers voice excitement about Wrangler changes
Ralph Mahalak, Jr., has no doubt whatsoever that if Chrysler Group LLC goes forward with ideas to add varieties of the Jeep Wrangler, the new derivatives will be big sellers. "The Wrangler in itself is a special product," said Mr. Mahalak, owner of the Monroe Dodge Chrysler Jeep Superstore in Monroe. >>


Updated: November/05/2009
Andersons says profit, sales fall in third quarter
The Andersons Inc., the Maumee-based grain wholesalers and general store operator, Wednesday reported sharply lower profit and sales for the third quarter. >>


Updated: November/05/2009
Revenue rise reportedby Health Care REIT
Health Care REIT Inc., a Toledo real estate investment trust, said it had gross revenues of $145 million in the third quarter, up from $139 million for the period a year ago, and had a profit of $19.1 million, or 17 cents a share, down from $53.6 million, or 55 cents a share, a year earlier. >>



Updated: November/04/2009
Cedar Point's owner likely to suspend dividend in '10
Cedar Fair LP, which owns Cedar Point and 10 other amusement parks and six water parks nationwide, reported Tuesday that it probably will suspend its dividend next year. The announcement was in the Sandusky firm's third-quarter earnings report, which showed lower attendance and per-customer spending at its parks. It said profit was $107.6 million, or $1. >>


Updated: November/04/2009
Dana Holding’s quarter ends in loss, lower sales
Dana Holding Corp., the Maumee auto parts maker, yesterday reported a smaller third-quarter loss but a sharp decline in revenues. >>



Updated: November/03/2009
Cedar Fair hit with attendance, patron spending drop; to suspend its dividend
Cedar Fair LP, which owns Cedar Point and 10 other amusement parks and six water parks nationwide, Tuesday reported it likely will suspend its dividend next year after releasing an earnings report that showed lower attendance and smaller spending per-patron at its parks. >>



Updated: November/03/2009
Napoleon inventor to tell how his V8 gets 109 mpg
Inventor Doug Pelmear plans at an automotive products convention in Las Vegas Tuesday to reveal how the custom engine he built and installed in a Ford Mustang has averaged 109.7 miles per gallon for 22,000 miles. >>


Updated: November/03/2009
Dana Holding Corp. reports third-quarter loss
Dana Holding Corp. Tuesday morning reported a third-quarter net loss of $46 million, or 45 cents a share, compared to a loss of $264 million, or $2.66 a share, during the same period a year ago. >>


Updated: November/03/2009
2 northwest Ohio manufacturers to receive state grants
COLUMBUS — The Ohio Controlling Board Monday approved two state grants that total $75,000 and are expected to create 54 jobs and retain 70 others in northwest Ohio. >>


Updated: November/03/2009
Engine can run on just 1 cylinder
How does the car engine that Doug Pelmear developed get the equivalent of 110 or more miles to the gallon and still keep its horsepower? >>


Updated: November/03/2009
Cooper Tire swings to profit in the 3rd quarter
FINDLAY - Cooper Tire & Rubber Co. reported a profit yesterday, reversing five straight quarterly losses, and also posted higher sales in the third quarter. >>


Updated: November/02/2009
Cooper Tire reports higher profit, sales
FINDLAY - Cooper Tire & Rubber Co. on Monday reported increased profit and sales in the third quarter. >>



Updated: October/30/2009
Fleeger's Hardware to shutter Bancroft location
Fleeger's Pro Hardware, which has sold tools, nails, and other hard line goods for six decades out of a store on West Bancroft Street in Sylvania Township, will close that site by the end of November. >>


Updated: October/30/2009
Debt refinance lifts Libbey
Shares of Toledo glassware maker Libbey Inc. shot up Thursday after the company announced it had reached a refinancing agreement to remove $80.4 million of debt and delay when it will have to begin paying it back. >>


Updated: October/29/2009
Libbey Inc. reports profit, loss in sales
Libbey Inc. on Thursday reported a third-quarter profit of $3.5 million, or 23 cents a share, compared to a loss of $6 million, or 40 cents a share, for the same period a year ago. >>


Updated: October/29/2009
OC, O-I report rise in profits despite drop in sales
Sales fell but profits rose for two of the Toledo area's three largest companies as the tough economy kept its grip on industry. >>


Updated: October/29/2009
First Solar’s revenueis below expectations
First Solar Inc., a solar panel maker whose only North American factory is in Perrysburg Township, on Wednesday posted revenue far below Wall Street’s view as weak demand and heavy competition weighed on prices, disappointing investors. >>


Updated: October/29/2009
Rurban reports lower profits for third quarter
Rurban Financial Corp., which owns The State Bank & Trust Co. and other firms, Wednesday night said it had sharply lower profit for the third quarter than for the same period a year ago. >>



Updated: October/28/2009
Economy, weather terrorize local haunts
The soft economy and gloomy October weather are leaving the operators of area haunted attractions somewhat dispirited. "The economy, of course, is affecting a lot of people, a lot of situations. >>


Updated: October/28/2009
Toledo Edison parent now plans voluntary light bulb distribution; utility says new program more costly
COLUMBUS, Ohio — An Ohio utility criticized for passing on to customers the cost of a mandatory light bulb giveaway program on Wednesday proposed a voluntary program instead. >>


Updated: October/28/2009
Costco to accept food stamps nationwide
PORTLAND, Ore. — Costco says it will start accepting food stamps at its warehouse clubs nationwide after testing them at stores in New York. >>


Updated: October/28/2009
Quarterly profit rose, sales fell at Owens Corning
Owens Corning reported Wednesday that profits rose in the third quarter, but that sales have not yet fully recovered from financial turmoil that swept across the globe late last year. >>



Updated: October/28/2009
Auto-parts plant's expansion creates 124 more jobs
A North Toledo factory that supplies components to automobile and other manufacturers is undergoing a $17.5 million expansion that will result in the company hiring 124 workers in early 2010. Magna Exteriors and Interiors, a division of Canadian-based auto supply giant Magna International Inc. >>



Updated: October/27/2009
South-Toledo motel owes $1.7 million to area bank
A second Southwyck-area inn is facing foreclosure just three weeks before the shuttered Clarion Hotel is scheduled to go up for sheriff's auction. The owner of the 112-room Days Inn on Tollgate Drive near Reynolds Road in Maumee is identified in a complaint filed in Lucas County Common Pleas Court by Farmers & Merchants State Bank of Archbold. >>


Updated: October/27/2009
Parts supplier in Toledo to invest $17.5M; hire 124 next year
A North Toledo factory that supplies components to auto and other manufacturers is undergoing a $17.5 million expansion that will result in the company hiring 124 workers in early 2010. >>


Updated: October/27/2009
Polymers firm granted tax credit for Lima site
The Ohio Tax Credit Authority yesterday awarded Planet Friendly Polymers LLC, a resin compounding company that is moving to Lima, Ohio, a 40 percent job creation tax credit that could be worth $116,630 over six years. >>



Updated: October/25/2009
Toledo area's 1st investor fair to hear bids from 15 firms
HER LIPS tend to turn blue, her blood pressure gyrates dangerously, she is frequently feverish, and she often has an irregular heartbeat. So why is she scheduled to be in the spotlight in a “beauty contest” Nov. >>



Updated: October/24/2009
Weather dampens harvest; wet fields delay soybean, corn work, wheat planting
Farmers across northwest Ohio are staring at bumper corn and soybean crops, but wet and cool weather has delayed their ability to harvest the bounty and get winter wheat crops into the ground, state agriculture officials say. Now, federal officials are warning farmers with federal crop insurance that they have until Nov. >>



Updated: October/21/2009
Demon Drop to be moved from Cedar Point
Demon Drop, Cedar Point's 10-story tower-drop ride that has thrilled riders for 27 years, is leaving Lake Erie's cold winter shores for sunny California. The Demon Drop ride will be disassembled after the park closes on Nov. 1 and moved to its southern California sister park, Knott's Berry Farm in Buena Park, Calif., near Anaheim. >>



Updated: October/20/2009
Toledo beer wholesaler has accord to sell firm
Members of Toledo's Botek family have reached a deal to sell beer wholesaler Metropolitan Distributing Co., which they have owned since the end of Prohibition. The firm, on Summit Street just north of downtown, is the sole distributor of Miller Lite and several other brands in portions of Lucas and Wood counties. >>


Updated: October/20/2009
First Defiance posts 2% profit in third quarter
First Defiance Financial Corp., owners of First Federal Bank of the Midwest, reported that third-quarter profit rose 2 percent to $329,000, or 2 cents per share, from the same period a year earlier, when it posted profit of $322,000, or 4 cents per share. >>


Updated: October/20/2009
Area’s 6 Alltel stores converted to Verizon
Verizon Wireless, which bought Alltel in January, said yesterday it has finished converting the Toledo area’s six former Alltel stores to its own brand. It also completed billing conversion for the area. >>


More local company stories
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General Business
Updated: 5:21 am
Conventions >>
Local Companies
Updated: 7:12 am
First Solar plant re-energized >>
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Girding against germs: Flu outbreak in area spurs disinfectant, sanitizer sales germs >>
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