MPLX building plan approved

By LOU WILIN STAFF WRITER Construction of a six-story, 120,000-square-foot headquarters for Marathon Petroleum’s pipeline subsidiary, MPLX LP, will start in November and be finished in spring 2016. The building will be across Hardin Street from Marathon Petroleum...

Company plans stock buyback

By LOU WILIN STAFF WRITER Wanting to boost its stock price and show confidence it has enough cash to chart a new future in China, Cooper Tire & Rubber Co. on Thursday announced it will repurchase $200 million of its stock. “Our balance sheet remains strong and we have...

Cooper Tire’s 2nd quarter profits climb

By LOU WILIN STAFF WRITER Selling 10 percent more tires and having lower raw material costs, Cooper Tire & Rubber Co. grew profit by 7.6 percent last quarter to $38.2 million, the company said Thursday. Earnings amounted to 59 cents per share in the April-June quarter. Sales...

Marathon pumps up profits

By LOU WILIN STAFF WRITER Marathon Petroleum Corp.’s barges on the Mississippi and Ohio rivers helped it earn higher profits on its gasoline and diesel fuel, boosting second-quarter earnings by 44 percent to $855 million, Marathon reported Thursday. Earnings amounted to...

2nd plane crash victim identified

By LOU WILIN STAFF WRITER A 26-year-old Toledo woman, Tiesha McQuin, was the female passenger killed with a Grob Systems executive in an airplane crash early Sunday about two miles north of Findlay, family members of McQuin said Tuesday. Tiesha McQuin was riding in the plane...

Speedway to expand offices

By LOU WILIN STAFF WRITER Speedway plans to invest $9.1 million, buying a building in Springfield and renovating part of its nearby Enon headquarters to add 350 jobs and retain 800 employees, the company reported. The additions and renovations by Marathon Petroleum Corp.’s...

Distribution center gets big tax break

By LOU WILIN STAFF WRITER McLane Co., which will open a $38 million grocery distribution center in northern Findlay in 2016, will avoid more than $750,000 in sales taxes by temporarily ceding ownership of the construction site to the Blanchard Valley Port Authority. Government...

Agency joining probe of tires

By LOU WILIN STAFF WRITER A second federal agency voted Tuesday to investigate a complaint by unionized Cooper Tire & Rubber Co. workers that Chinese tire makers have unfairly stolen U.S. customers. The International Trade Commission voted to join the Commerce Department in...

Other companies looking at Findlay

By LOU WILIN STAFF WRITER Findlay’s luring of the $38 million McLane grocery distribution center has sparked interest from other companies looking for locations for new operations, said Tony Iriti, economic development director for the Findlay-Hancock County Alliance....

Grief counselors available today at Elmwood

By LOU WILIN STAFF WRITER Elmwood Schools students received grief counseling Thursday at the Bloomdale school following the Tuesday death of classmate Mackenzie Shaffer, 12. Counselors will be at the school again this morning. Shaffer, a seventh-grader from rural Cygnet, appeared...