Scott Suttell
Special Projects Editor at Crain's Cleveland Business
An editor at Crain's Cleveland Business. Cleveland/Lakewood partisan. Movie lover. Northwestern fan. Soft spot for dogs.
Articles
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1 week ago |
crainscleveland.com | Scott Suttell
Ohio's workforce contracted in May by 6,500 jobs, though the unemployment rate held steady at 4.9%, according to new data from the state's Department of Job and Family Services. One economist who follows the state's monthly jobs reports closely said that while it's wise to avoid drawing big conclusions from a single month of data, the loss of 6,500 jobs is "significant.""I'm not going to say it's alarming, but I would say it's cautionary," said Rea S.
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1 week ago |
crainscleveland.com | Scott Suttell
Cleveland-Cliffs Inc. (NYSE: CLF) is making a big investment in its Coshocton Works plant near Columbus. The steelmaker on Friday, June 20, announced it's launching a $150 million Vertical Stainless Bright Anneal Line that will increase production of premium stainless steel for high-end automotive and appliance applications. The new annealing line is technologically advanced.
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1 week ago |
crainscleveland.com | Scott Suttell
Bleachtech, a Medina County chemical company that late last year was acquired by a Caribbean-based conglomerate, said it has named a chief operating officer. The company, which makes products for water treatment, sanitation and other applications, named Tauna Rignall as COO effective Monday, June 16. The COO role is new at Bleachtech, a spokesperson confirmed to Crain's via email.
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1 week ago |
crainscleveland.com | Scott Suttell
SITE Centers Corp. (NYSE: SITC) of Beachwood has sold two out-of-state shopping centers for a total of more than $95 million and has declared a special cash distribution to be paid to shareholders next month. The company late Tuesday, June 17, announced it has sold The Promenade at Brentwood, in Brentwood, Missouri, for $71.6 million, and Chapel Hills West, in Colorado Springs, Colorado, for $23.7 million.
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1 week ago |
crainscleveland.com | Scott Suttell
RPM International Inc. (NYSE: RPM) of Medina is beefing up the Rust-Oleum business in its Consumer Group with the acquisition of Ready Seal Inc., a Texas-based manufacturer of exterior wood stains. Terms of the deal, announced Tuesday morning, June 17, weren't disclosed. RPM said Ready Seal generated sales of about $45 million in calendar year 2024.
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The Port of Cleveland's board of directors on Thursday, June 12, approved financing totaling $92 million for a new hotel in Brecksville and for two developments on Cleveland's West Side. Via @kimfouroffive. https://t.co/MBySxHJGr8
MetroHealth’s Board of Trustees voted Wednesday, June 11, to allow the health system’s general counsel to negotiate a contract to keep CEO Dr. Christine Alexander-Rager into 2026. https://t.co/e8paweqCW7
A new survey by Cleveland’s KeyBank highlights middle market companies’ ambivalence with tariffs and the ongoing challenges posed by an uncertain economic landscape. Via @JeremyNobile. https://t.co/ThqrEpuoc2