Cooper CEO Armes plans retirement

By LOU WILIN STAFF WRITER Roy Armes, Cooper Tire & Rubber Co. chief executive officer and chairman, will retire Aug. 31 after nine years at the helm. His successor as chief executive officer will be Bradley Hughes, who is chief operating officer. Succeeding Armes as chairman...

Cooper boosts operating profit

By LOU WILIN STAFF WRITER Selling more high-profit tires and benefiting from low raw material costs, Cooper Tire & Rubber Co. increased its operating profit 91 percent last quarter to $102.5 million. Fourth-quarter net income was down from a year ago, but only because Cooper...

Economist offers rosy forecast for nation’s economy this year

By LOU WILIN STAFF WRITER Employment and incomes will grow faster this year than in any year since the Great Recession of 2008-2009, an economist told a Findlay audience on Thursday. Even better: The trend likely will continue for years, according to Robert Morgan, managing...

University’s building plans advance

By LOU WILIN STAFF WRITER University of Findlay plans for a $22-$23 million Student Life Center and Business College, in the 300 block of College Street, were approved Thursday by the Findlay City Planning Commission. The 75,000-square-foot structure, between College and Davis...

‘Doc’ Schoonover enjoyed the challenge of turning flawed horses into winners

By LOU WILIN STAFF WRITER Two old men were astonished years ago as they studied the harness racing program at Raceway Park, Toledo. “‘Oh, my blank-blank, look at this driver. He’s 89 years old,'” Sandy Schoonover recalls one of them saying....

WITH VIDEO: Craftsmen at Ada factory build all Super Bowl footballs

By LOU WILIN STAFF WRITER ADA — Whether the Super Bowl is won by a perfect pass, a dazzling catch or run, a kick through the uprights, or just by grinding it out, all eyes will be on Ada craftsmanship. Wilson Sporting Goods football factory in Ada made every football for...

Mike Oxley eulogized as ‘happy warrior’

By LOU WILIN STAFF WRITER Former U.S. Rep. Mike Oxley, who died Jan. 1, was eulogized Friday as a “happy warrior” who naturally made friends and built networks among people to make a difference in Washington and back home with constituents. He was all about service,...

Falling oil prices slow MPLX plans

By LOU WILIN STAFF WRITER Tumbling oil prices have slowed Marathon Petroleum Corp.’s speedy growth ambitions for its pipeline and logistics subsidiary MPLX. Master limited partnerships like MPLX were developed to encourage investment in energy infrastructure like pipelines,...

Marathon profits tumble in 4th quarter

By LOU WILIN STAFF WRITER Collapsing oil prices caused Marathon Petroleum Corp.’s profit to fall 76 percent from a year earlier, to $187 million in the October-December quarter, the company reported Wednesday. Earnings translated to 35 cents per share. Sales declined nearly...

Nox Corp. granted state tax credit

By LOU WILIN STAFF WRITER Nox Corp., a vinyl tile maker in Fostoria, on Monday won a state tax credit to create 150 jobs, paying an average of $31,200 per year. The payroll tax credit, 1.198 percent over six years, is worth $336,000. It was approved by the State Tax Credit...