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| Theres no getaway music playing, but three downtown Toledo signature companies - Owens-Illinois, Inc., Owens Corning, and Pilkington PLC - could bolt from their headquarters buildings within three years.
| Owens-Brockway Glass Container Inc., an indirect wholly owned subsidiary of Owens-Illinois, Inc. announced today that it intends to offer, subject to market and other conditions, $450 million aggregate principal amount of senior secured notes and $350 million aggregate principal amount of senior notes in a private offering.The net proceeds of the offerings will be used to repurchase Owens- Illinois Inc.'s $300 million aggregate principal amount of 7.85% Senior Notes due 2004 and permanently reduce the revolving loan portion of the Company's secured credit agreement, which matures on March 31, 2004.The senior secured notes and senior notes have not been registered under the Securities Act of 1933, as amended, or applicable state securities laws, and will be offered only to qualified institutional buyers in reliance on Rule 144A and in offshore transactions pursuant to Regulation S under the Securities Act of 1933, as amended.
| ABRA Auto Body & Glass, a Minneapolis-based damaged vehicle repair company, announced today the opening of a repair center in Longmont, CO.
| Bullet-resistant barriers were installed at cashier windows in the USC Credit Union earlier this month in response to an armed robbery at the Health Sciences Campus branch in the fall.
| British glass-maker Pilkington Plc PILK.L said on Thursday that trading was in line with expectations despite tough conditions in most of its major markets, sending its shares up four percent.
| Corning Incorporated (reaffirmed that it expects annual revenue growth for its LCD glass business of up to 20% to 40%, based upon anticipated trends.
| Recent spikes in U.S. natural gas prices aren't just affecting residential customers, they are raising costs at companies, too -- especially those in the chemical industry.
| Vitro, S.A. de C.V., through its subsidiary Vitro Plan, S.A. de C.V., as borrower, executed a credit facility providing for new financing in an aggregate principal amount equal to US$201 million, which validates Vitro's strategy to proactively seek refinancing alternatives in capital markets.
| PPG Industries reported fourth quarter net income of $94 million, or 55 cents a share, including an after-tax charge of $4 million, or 2 cents a share, to reflect the increase in value of PPG stock included in a previously reported asbestos settlement agreement.
| Pilkington said that Paolo Scaroni will be stepping down as non-executive deputy chairman and from the board with immediate effect.
| Fangxing Science and Technology Co., Ltd. (Shanghai Stock Exchange Symbol 600552) was listed on November 8, 2002. The company engages in the production of float glass, CVD online coating film glass and ITO conductive film glass.
| Rohm and Haas Company (NYSE: ROH) said today it has reached a settlement with certain insurance underwriters at Lloyds London, for $43 million before tax.
| Glaspro Inc., the west coasts preeminent architectural glass fabricator and the single source provider of custom designed architectural glass solutions, has announced a new campaign to market its architectural and decorative glass solutions.
| Solutia Inc. indicated that third quarter underlying earnings are expected to be approximately 11 cents per share, excluding net charges of $11 million, or 11 cents per share.
| Tami St. John was recently promoted to customer support manager at Morse Industries, a national supplier of architectural metals and railing.
| The DuPont Internet site at www.dupont.com has received a Standard of Excellence award from the Web Marketing Association.
| Eberspächer, the largest independently-owned engineering firm specializing in automotive exhaust systems for more than 70 years, (no. 4 in world market) will break ground for its new 66,000-square foot Technical center of subsidiary Eberspächer North America (ENA) Inc. in Novi, near Detroit on May 1, 2001.
| DuPont Chairman and CEO Chad Holliday has been appointed by U.S. President George W. Bush to serve on the National Infrastructure Advisory Council.
| Southwall Technologies reported financial results for the quarter ended June 30, 2002. Revenues for the second quarter of 2002 were $19.7 million, a decrease of $2.2 million, or 10 percent, from the $21.9 million achieved in the second quarter of 2001, Sequentially revenues increased 2 percent from $19.3 million in the first quarter of 2002.
| Rohm and Haas Company (NYSE: ROH) today announced that its Board of Directors voted to increase the company's quarterly dividend.