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  • Ohioblog: A Swing State Journal

    Tuesday, October 26, 2004

    Profits up. Reputation down? 

    The Timken Co. has issued a response to what it terms as ``misinformation.'' It's a thorough response and many of its arguments are compelling. It does not, however, address the decisions made by the company and its executives to become visibily involved with President Bush and his policies, many of which have benefitted the company (and by association its workers and shareholders) Timken might not have had to gone into the crisis control mode if it had answered reporters' questions with more than ``it's business, not politics.'' The fate of more than 1,000 workers at Timken's Canton bearings plant will not be changed by the company's third-quarter earnings report but they were up 17 percent.

    Northeast Ohio's steel industry is, well, strong as steel

    For a change, it looks as if a merger announcement will be good for
    Northeast Ohio's economy, which has been a central issue of the presidential campaign in this swing state. International Steel Group Inc. will become part of soon-to-be-formed Mittal Steel Co. NV and the Dutch company will be the largest steel maker in the world. The names of the companies have changed but consolidation and good management are turning banked furnaces into white-hot prospects.

    posted by Ohioblog: A Swing State Journal at 10:56 AM

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