Progress: Big Marathon expansion transforming downtown

By LOU WILIN STAFF WRITER Downtown Findlay is getting a major upgrade and the local economy a boost thanks to Marathon Petroleum Corp.’s $80 million addition of two office buildings and two parking garages. Marathon Petroleum is building a $22 million, six-story,...

Progress: Economic development efforts pay big dividends

By LOU WILIN STAFF WRITER Findlay-Hancock County Economic Development is firing on all cylinders: attraction, expansion and retention of companies and jobs. It scored a coup last year when McLane Co. announced it would bring a $119 million distribution center and 425 good-paying...

Progress: Building projects creating jobs

By LOU WILIN STAFF WRITER A $119 million McLane Co. grocery distribution center is under construction. A $40 million Cooper Tire global technology center was recently completed. Soon, a new $8 million building will house the manufacturing, warehousing and administration for...

WITH VIDEO: Striking refinery workers march along Main Street

By LOU WILIN STAFF WRITER The nationwide refinery workers’ strike came to downtown Findlay and Marathon Petroleum Corp. on Tuesday as 150 protesters marched and shouted for safer working conditions. Over 70 striking workers from Marathon’s refinery in Catlettsburg,...

Cooper Tire earnings quadruple

By LOU WILIN STAFF WRITER Selling more high-profit tires in the United States and paying less for raw materials, Cooper Tire & Rubber Co. pumped up its operating profit by 14 percent last quarter to $54 million. It added a $56 million profit from the sale of its interest in a...

Cooper buyout talk resurfaces

By LOU WILIN STAFF WRITER The specter of another attempted buyout of Cooper Tire & Rubber Co. keeps coming back. “You’re still potentially an attractive acquisition target for certain companies, tire companies, globally,” Brett Hoselton, an analyst for...

$200M stock buyback unveiled

By LOU WILIN STAFF WRITER Flexing financial muscle while it boosts its stock price, Cooper Tire & Rubber Co. said Monday it will buy back an additional $200 million of outstanding Cooper stock. Cooper said it can afford to spend the money on stock even as it plans to spend...

Downtown receives state designation

By LOU WILIN STAFF WRITER Downtown Findlay’s new designation has it poised to thrive at an even higher level, filling vacant storefronts, upgrading and polishing buildings. Friday it became the state’s 23rd downtown accepted as a member of the Ohio Main Street...

Profits climb at Marathon Petroleum

By LOU WILIN STAFF WRITER Profit jumped 27.5 percent, to $798 million, for Marathon Petroleum Corp. last quarter from a year earlier, as the company sold more fuel at more gas stations. “Very powerful. (Marathon Petroleum) was one of the best performers,” said Fadel...

Pipelines carry bigger earnings

By LOU WILIN STAFF WRITER Higher charges for use of its pipelines lifted profits nearly 45 percent last quarter, to $29.2 million, for MPLX LP, Marathon Petroleum’s pipeline subsidiary. Earnings in the October-December quarter amounted to 38 cents per share for the...