Crain's Cleveland Business back issues from November 1997:
Weathering a wild ride: market madness spurs angst, fresh look at self-directed retirement plans.
Nov 03, 1997; ... As the director of benefits at Cuyahoga Community College, Gloria Moosmann spends a chunk of her time educating employees about their self-directed retirement plans. But Ms. Moosmann herself got a bit of an education last week in the wake of the stock market's wild gyrations.The ...
$60M retail center planned for Avon. (Avon, Ohio)
Nov 03, 1997; ... First Interstate Development Co. plans a massive, $60 million shopping center on a still-bucolic stretch of Detroit Road in fast-growing Avon.The shopping center in the far western suburb would have three components with at least that many buildings, said Mitchell Schneider, ...
German drug giant to acquire Ben Venue. (Boehringer Ingelheim Corp's acquisition of Ben Venue Laboratories Group of Cos.)
Nov 03, 1997; ... A privately held, multibillion-dollar German chemical and pharmaceutical company has agreed to acquire the Ben Venue Laboratories Group of Cos., a Bedford-based injectable drug maker.The U.S. unit of Boehringer Ingelheim Corp. of Ingelheim, Germany, agreed last Friday to acquire ...
County rolls out $2.6M jobs plan; placement program links agencies' fee to candidates' performance. (Cuyahoga County, Ohio)
Nov 03, 1997; ... Cuyahoga County is ready to start a $2.6 million program to move about 4% of the 27,000 able-bodied adults on welfare into jobs."This is a part of our effort to increase the capacity of the community to absorb the welfare recipients as they come off of public assistance," said ...
Osborne's interest in insurer increases. (investor Richard M. Osborne's stake in Central Reserve Life Corp.)
Nov 03, 1997; ... Mentor investor Richard M. Osborne has increased his stake in Central Reserve Life Corp. as he vies for more control over the future of the insurance company.Mr. Osborne, who last week boosted his stake in Central Reserve to 9.9% from 9.2%, said he might seek regulatory approval to ...
Lake Erie Design revs up $5M expansion project. (Lake Erie Design Co.)
Nov 03, 1997; ... Lake Erie Design Co. in Wickliffe, a maker of ceramic products used in the production of jet engine parts, expects to begin within two weeks a $5 million expansion project that will double its space and manufacturing capacity.Larry Eagleye, a spokesman for Lake Erie Design, said ...
DIY buzzing over store's FrugalBees. (DIY Home Warehouse Inc's FrugalBees section)
Nov 03, 1997; ... DIY Home Warehouse Inc. is going the discount route to battle larger competitors that are invading its Northeast Ohio turf.DIY is testing FrugalBees, a section within its Elyria store that debuted seven weeks ago. FrugalBees sells close-out merchandise related to the company's home ...
Markets make dealmakers dollars & tense.
Nov 03, 1997; ... While last week's market volatility has many investors worried about declines in their stock portfolios, some local dealmakers have visions of a continued surge in merger and acquisition activity dancing in their heads.Indeed, McDonald & Co. Securities managing director Mark A. ...
Envirotest threatens to sue EPA over pact. (Envirotest Systems Corp)
Nov 03, 1997; ... The company that does most of Ohio's automobile emissions tests has notified the state that it intends to sue the Ohio Environmental Protection Agency for breach of contract.Envirotest Systems Corp., which tests vehicles for the state EPA's E-Check program at 31 sites in 10 Ohio ...
SummaCare sets its sights on Cuyahoga County, beyond. (SummaCare Health Plan; Cuyahoga County, Ohio)
Nov 03, 1997; ... The SummaCare Health Plan of Akron is setting its sights on Cuyahoga County while gearing up to begin offering HMO and point-of-service coverage in 15 Northern Ohio counties it doesn't serve now.SummaCare this week plans to request authorization from the Ohio Department of ...
Universal racks up new orders. (Universal Electronics Inc.)
Nov 03, 1997; ... As part of a strategy to secure long-term sales agreements, Universal Electronics Inc. in Twinsburg will sell 2 million remote controls to MediaOne, a division of U.S. West Media Group."This is a big relationship for us, and we're excited that they chose us," said Paul Arling, ...
Gemini gets Clinic scientist to lead disease research here. (Gemini Technologies Inc; Cleveland Clinic scientist Douglas W. Leaman)
Nov 03, 1997; ... Gemini Technologies Inc., a biomedical company headquartered in Raleigh, N.C., has set up its principal research laboratory in Cleveland to further develop compounds to fight the production of disease-causing proteins.To spearhead the effort, Gemini, a unit of Atlantic ...
Garfield Hts. office project under way: Klotzman bros. plan expansion of NEO park. (office warehouse complex in Garfield Heights, Ohio, developed by brothers Bruce and Kerry Klotzman)
Nov 03, 1997; ... More buildings are on the way at NEO Park, the office-warehouse complex developed in Garfield Heights by brothers Bruce and Kerry Klotzman.The foundation for a building at 15200 Neo Parkway was installed late last month and sewers are in progress for an adjoining building at 15100 ...
Grand plans for Dallas stores: parent company strategy focuses on superstores. (discount apparel retailer Dallas Warehouse Co's plans for superstore locations)
Nov 03, 1997; ... Discount apparel retailer Dallas Warehouse Co. is shopping around for a super-size building or two to roll out its most profitable store concept. By the close of 1998, the Warrensville Heights-based company plans to open at least one Dallas Shoes superstore, said Cindy Manfroni, director of ...
Bottom line: it's safety. (workers compensation programs in Ohio)(On The Job)
Nov 03, 1997; ... Injury-free record can help protect companies' profitsThe sharp debate about Ohio's workers' compensation reform efforts is underscoring the need for companies to take a hard look at the safety of their workplaces.Formal safety programs and safety training for workers are ...
Firms shoot for success with worker team plan.(On The Job)
Nov 03, 1997; ... In operating his own business, Ron Archer, chairman and founder of the 6-year-old Archer Institute in Middleburg Heights, follows the same edicts he lays out to clients who need help managing team building projects or organizational changes."There are three keys to success: ...
City opening new one-stop jobs facility. (One-Stop Job and Career Center in Cleveland, Ohio)(On The Job)
Nov 03, 1997; ... By late this month, job seekers who live in Cleveland's federal empowerment zone won't need to go far to get the training, education and job referrals they need.That's when the city will open a One-Stop Job and Career Center in a refurbished, 28,000-square-foot building at 1468 E ....
Family leave act presenting problems. (1993 Family and Medical Leave Act)(On The Job)
Nov 03, 1997; ... The federal law designed to protect the jobs of employees who need time off to tend to serious medical problems or family issues has become an administrative headache for some employers, observers say.Problems with the 1993 Family and Medical Leave Act, or FMLA, include unclear ...
Asian markets may put drag on Allen Telecom sales. (Allen Telecom Inc.)
Nov 03, 1997; ... The economic woes plaguing Southeast Asia and Japan could contribute to a slightly lower rate of sales growth at Allen Telecom Inc.The Beachwood maker of wireless communication equipment said last week it expects sales growth for the fourth quarter to remain below the 22% rate ...
Developers calling on Avon: Jacobs, Stark make pitch for commercial zoning. (Avon, OH; real estate developers Richard Jacobs and Robert Stark)
Nov 10, 1997; ... Real estate developers Richard Jacobs and Robert Stark have their hearts set on Avon. But Avon Mayor Jim Smith says the prospect of turning a large piece of his rural community into a retail mecca is enough to "tear your heart inside out."Representatives of the Richard E. Jacobs ...
High-tech chip shot: company spins off microsystem lines. (Advanced Micro Machines Inc.)
Nov 10, 1997; ... Advanced MicroMachines Inc. in Cleveland is betting two years of eye-straining research that the world will take to the idea of thinking small.The high-tech company this year will commercialize its first two lines of microelectro-mechanical systems - products that integrate onto ...
Imperial sold to N.Y. bank group. (Imperial Wallcoverings Inc.; Blackstone Group)
Nov 10, 1997; ... The parent company of Imperial Wallcoverings Inc. has agreed to sell the Beachwood-based maker of residential wallpaper to a private equity fund of the Blackstone Group, a private investment bank in New York.Collins & Aikman Corp., the current parent of Imperial, has estimated the ...
Next schools' CEO faces a tough mayoral grade. (Cleveland Public Schools)
Nov 10, 1997; ... In a recent meeting with corporate CEOs who are part of Cleveland Tomorrow, Mike White identified the candidate he'd like to tap to run the Cleveland Public Schools."I'd like me," Mayor White recalls telling the assembled executives who make up the economic development group. But, ...
Adv. Lighting makes fiber-optic link; forms joint venture with Pa. polymer firm. (Advanced Lighting Technologies Inc.)
Nov 10, 1997; ... Advanced Lighting Technologies Inc. in Twinsburg is teaming with a Philadelphia-based polymer company to launch a joint venture to produce fiber optic lighting systems, possibly in the Cleveland area.The 50-50 joint venture with Rohm & Haas Co. will produce the lighting systems by ...
EPA rule may spur land use in city.
Nov 10, 1997; ... Redeveloping land once used for factories and businesses in Cleveland could become easier and less costly if the city can take advantage of a new state Environmental Protection Agency rule.The city is planning to apply for a blanket Urban Setting Designation from the Ohio EPA. The ...
35 software firms develop local industry trade group.
Nov 10, 1997; ... The last thing Don Scipione wanted to do was tell competitors about his company's struggle with finding talented high-tech workers. But when Mr. Scipione and 34 other software company leaders met last month to form a software trade association, he realized he wasn't alone."I was ...
Pubco adds Ariz. company to holdings. (Arizona firm Kroy Inc.)
Nov 10, 1997; ... Pubco Corp., a holding company with businesses that produce computer supplies and construction equipment, has bought an Arizona maker of labeling printer cartridges for commercial and industrial customers.The purchase hast month of Kroy Inc. of Scottsdale. Ariz.. gives ...
Nursing a plan to grow: VNA aims to widen reach via acquisitions. (Visiting Nurse Association of Cleveland)
Nov 10, 1997; ... With talk of merging with a larger health care player behind it, the Visiting Nurse Association of Cleveland is ready to head down the expansion trail on its own."We will invest in the establishment of another VNA somewhere in northern Ohio and look to acquire smaller home care ...
New company to resurrect Sheffield Twp. bronze mill. (former Western Reserve Manufacturing Co. mill in Sheffield Township)
Nov 10, 1997; ... The former Western Reserve Manufacturing Co. bronze mill in Sheffield Township that was shuttered a year ago is about to be revived.A new company, National Bronze & Metals Ohio Inc., which is owned by investors in Liechtenstein and Hong Kong, late last month won approval of a ...
Voters send workers' comp to back burner.
Nov 10, 1997; ... State Issue 2 is gone, but not forgotten - though it likely will be quite awhile before the Legislature takes up reform o! the workers' compensation system again.Business leaders who led an unsuccessful $6 million campaign to sustain last summer's legislative overhaul of the ...
School computer deals spur expansion plans at MicroAge.
Nov 10, 1997; ... To accommodate a growing number of contracts with area school districts, computer distributor MicroAge Inc. will consolidate three of its offices into a newly purchased building in Beachwood."We're in a rapid expansion mode," said Bill Julka, founder and president of MicroAge, a ...
Young guns hit business scene; energy, attitude help get budding ventures rolling.(Small Business)
Nov 10, 1997; ... Since high school, Greg Elliot and Christopher Yuhasz have wanted to be their own bosses.The business of their youth - videotaping school plays and concerts and selling them to students and parents - left Messrs. Elliot and Yuhasz with an early taste of entrepreneurship. ...
New orders, output help economy sizzle.(Small Business)
Nov 10, 1997 ... After several listless months, Northeast Ohio's manufacturing economy in October snapped back to perform at a more vigorous pace, according to the latest survey from the Purchasing Management Association of Cleveland.The group's Business Survey Report for October showed two key ...
Phobia therapy takes flight; psychologist's new clinic addresses airplane fears. (Dr. Richard Klein)
Nov 10, 1997; ... Dr. Richard Klein doesn't offer free peanuts or reclining chairs on his flights through virtual reality, but he hopes the experience will make future airplane trips more bearable for his patients.The Beachwood psychologist's new clinic, called the Phobia Center, allows ...
Partial settlement offer in SAFE case up for vote. (Cuyahoga County, OH's lawsuit vs. financial services firms)
Nov 17, 1997; ... The Board of Cuyahoga County Commissioners is scheduled to vote this Tuesday, Nov. 18, on a partial settlement of the county's civil lawsuit against a group of financial services companies for their alleged role in the demise of the county's SAFE investment fund.Notice of the ...
Former QB out to score N. Ridgeville megaproject. (quarterback Roger Staubach's Staubach Co.)
Nov 17, 1997; ... A company run by Hall of Fame quarterback Roger Staubach plans to bring an AutoNation USA used-car superstore and a 24-to-30 screen movie complex to a $65 million development in North Ridgeville.Dallas-based Staubach Co., a real estate concern headed by the former Dallas Cowboys ...
Yuletide heedings: budget-conscious shoppers to test merchants' outlook. (in Cleveland, OH)
Nov 17, 1997; ... Budget-conscious shoppers to test merchants' outlookLocal retailers may have visions of dollar signs dancing in their heads as the holidays draw near, but fulfilling their dreams could be made tough by more competition and by consumers who want to stay within their budgets. ...
Nat City makes deal for Sterling. (National City Corp.)
Nov 17, 1997; ... National City Corp. of Cleveland has agreed to acquire the money management and financial counseling concern Sterling Ltd.The deal marks a significant step in National City's goal to improve and expand its wealth management services, said National City chairman and chief executive ...
Fairport Marine sets sail for growth.
Nov 17, 1997; ... Fairport Marine Co. expects nearly to double the output of luxury sailboats at its Fairport Harbor factory next year following its acquisition of a major Canadian yacht builder.William J. Ross, Fairport Marine's president, said the company is gearing up for production next spring ...
CSU prof assails idea to construct new airport. (Cleveland State University)
Nov 17, 1997; ... A report by a Cleveland State University professor says Northeast Ohio should form a regional airport system as an alternative to building a new multibillion-dollar regional airport."It's clear to me that building a brand new airport would be an economic disaster," said Edward ...
Tech world sees growing pains; groups seek plan to ease space crunch. (in Cleveland, OH)
Nov 17, 1997; ... Just one month after five fledgling companies moved into a new biotechnology center in Cleveland, civic leaders are hatching plans to create even more space to keep promising young companies in the heart of the city."If you can't accommodate their growth, they'll go somewhere ...
CCF Health Care exec to resign. (CCF Health Care Ventures Inc.)
Nov 17, 1997; ... Schaffer looks to develop own companyCarol Schaffer will resign as president and chief executive of CCF Health Care Ventures Inc. at the end of the year.Ms. Schaffer, who for 11 years has run the for-profit arm of the Cleveland Clinic Foundation that provides home health ...
Toledo millionaire gearing for gubernatorial bid. (Toledo, OH building contractor Bruce Douglas)
Nov 17, 1997 ... Bruce Douglas said he plans to spend a lot of time and money in Cuyahoga County in his as-yet unofficial quest to be Ohio's next governor.Mr. Douglas, 62, a millionaire Toledo building contractor and engineer, is moving to make himself better known to Cuyahoga County's Democratic ...
Loan fund formed to spark brownfield development. (in Cuyahoga County, OH)
Nov 17, 1997; ... Businesses interested in locating plants or offices on abandoned industrial sites in Cuyahoga County soon will have a new source of financing to help solve environmental problems associated with such properties.The Cuyahoga County Planning Commission will use grants of $400,000 ...
PUCO orders investigation of FirstEnergy's system; transmission-related problems concern panel. (Public Utilities Commission of Ohio)
Nov 17, 1997; ... Transmission-related problems concern panelThe Public Utilities Commission of Ohio has launched an investigation to study what it views as constraints on FirstEnergy Corp.'s transmission system that could affect the system's reliability.The ability of the company's ...
Kitchen Basics' stocks growing.
Nov 17, 1997 ... Kitchen Basics Inc., a company in Brecksville that developed and markets meat stocks, is starting to get a whiff of the sweet smell of success.A year after its November 1996 debut in Heinen's Super Markets, Kitchen Basics' chicken and beef stocks now are sold in every major ...
Printer spending $2M to go high-tech. (Digital Color Imaging Inc.)
Nov 17, 1997; ... To make its mark in the printing business, Digital Color Imaging Inc. in Akron more than tripled its office space this fall and is investing $2 million in the latest high-tech printing equipment.The company in September bought a $1 million computerized digital printing press ...
Robust market enjoys its feast with refinancing. (real estate industry in Ohio)
Nov 17, 1997; ... Lewis Wallner II, general partner of Westlake-based King James Group, is having a busy year even though the developer isn't building any new office buildings.His firm this fall took advantage of favorable interest rates and terms to refinance three of its King James Office Park ...
Hopkins-Rocker Realty eyes buyer-tenant deals.
Nov 17, 1997; ... A longtime Cleveland-area real estate developer and a former RE/MAX broker have teamed up to form a residential and commercial real estate services firm in Pepper Pike.The firm, Hopkins-Rocker Realty Ltd., is focusing on buyer-tenant representation and also will launch its own ...
Brecksville firm gets HUD call for survey. (National Survey Research Center; US Dept. of Housing and Urban Development)
Nov 17, 1997; ... Study looks at fair market rent nationwideImagine having to make 23,000 telephone calls to find a mere 250 interview subjects.That's precisely the task faced by the 15 employees of National Survey Research Center, a Brecksville marketing research and consulting firm, in ...
New lien law to boost brokers' rights in Ohio.
Nov 17, 1997; ... A new Ohio law granting brokers the right to place liens on property involved in commercial real estate transactions is expected to give brokers a powerful weapon to protect their fees and commissions, observers say.The broker lien law, which became effective in September, ...
Goodyear rolls out handy site. (Goodyear Tire and Rubber Co.'s Internet World Wide Web site)
Nov 17, 1997; ... Internet surfers easily can become lost in web sites muddied with too much information, too many choices and too many high-tech gimmicks. But Goodyear Tire & Rubber Co.'s revamped web site is an example of how a site that's not intimidating can offer a cornucopia of easy-to-find information ....
Westlake business park in works.(Brief Article)
Nov 24, 1997; ... REAL ESTATE Beacon Development Co., a young development company based in Chippewa Lake, is preparing to launch a 102-acre corporate industrial campus on Bradley Road in Westlake. Beacon has agreed to buy the parcel from Norfolk & Southern Railway Co., a unit of ...
Mayor's plane talk: no budging on airport.(Brief Article)
Nov 24, 1997; ... TRANSPORTATION Mayor White intends to stick to his $300 million plan for new runways at Cleveland Hopkins International Airport, despite skeptical voices that question whether the huge expenditure will meet the market's long-term air travel needs. The mayor is ...
Back in the hunt.(Brief Article)
Nov 24, 1997; ... MANUFACTURING Figgie ready to buy after selling spree that whittled down former corporate giant After selling all but two of its 30 businesses in the last four years, Figgie International Inc. is about to head back down the acquisition trail -- and it will change its ...
Healthy hikes expected for '98 premiums.(Brief Article)
Nov 24, 1997; ... HEALTH CARE If predictions among health care industry analysts hold true, employers in Greater Cleveland next year will see their health care costs increase, likely by more than the general rate of inflation. After keeping insurance premiums relatively flat for the ...
Papers try to shake circulation snooze.(Brief Article)
Nov 24, 1997; ... MEDIA The downward spiral of circulation is continuing at Northeast Ohio's daily newspapers, despite marketing efforts designed to attract new readers. The area's six daily papers averaged a 2.4% decline in circulation of their Monday through Saturday editions from ...
State tries to unclog managed care plan.(Brief Article)
Nov 24, 1997; ... WORKERS' COMP After eight months, the Ohio Bureau of Workers' Compensation's system of caring for injured workers is suffering some growing pains of its own. While state officials insist the system is working well, others say delays in paying health care providers, ...
LATE NEWS.(Brief Article)
Nov 24, 1997 ... Jacobs Group adds exec, promotes Cleary The Richard E. Jacobs Group, the Westlake-based real estate empire of Cleveland Indians owner Richard Jacobs, is bulking up its senior-level management. President Martin Cleary is becoming vice chairman, and Barry Kaufman, a vice president ...
History meets its future site.(Brief Article)
Nov 24, 1997; ... Western Reserve to catalog artifacts on computer database The dusty artifacts and records of the western Reserve Historical Society in cleveland are about to be transferred to bits and bytes. The historical society, 10825 East Blvd., plans to spend $1.2 million to put ...
Office space hunt finds slim pickings.(Brief Article)
Nov 24, 1997; ... REAL ESTATE It's finally over. The last vestiges of Greater Cleveland's office space glut disappeared from the market this year, according to Grubb & Ellis Co.'s just-completed annual office market survey. The diminishing supply of vacant space in most parts of the ...
Hawk's IPO plan is ready to soar.(Brief Article)
Nov 24, 1997; ... MANUFACTRING In an effort to pay down debt and finance growth, Cleveland-based Hawk Corp. plans an initial public offering of common stock in the manufacturing holding company. Hawk did not specify in its registration statement filed last Wednesday, Nov. 19, with the ...
Dialysis care project set for Cityview center.(Brief Article)
Nov 24, 1997; ... The Centers for Dialysis Care will open in February a 20-station center at the Cityview Nursing and Rehabilitation Center in Cleveland. The $1.4 million project will make dialysis services available to residents in the 150-bed nursing home and in the neighboring community. ...
Solon firm gets Fernald cleanup job.(Brief Article)
Nov 24, 1997 ... EagleTech Corp. of Solon has been awarded a $200,000 contract from the U.S. Department of Energy to design, build and test a remote-operated machine to clean up contaminated piping at the former nuclear weapons plant in Fernald, Ohio. Called a mobile work platform, the machine ...
High-tech recruits are key to Deloitte plan for growth.(Brief Article)
Nov 24, 1997; ... As part of a plan to nearly double the size of its Cleveland office, Deloitte & Touche Consuiting Group is beating the bushes for seasoned high-tech employees -- and isn't beyond skimming talent from the competition to reach its goal. The consulting arm of the Big Six accounting ...