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August 15, 2023

Cleveland Business News

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A Cleveland-Cliffs, U.S. Steel combination would dominate the steel industry

U.S. Steel publicly rejected a $7.3 billion buyout offer from Cleveland-Cliffs. But if Cleveland-Cliffs’ efforts becomes reality, the new company would dominate the U.S. Steel market.

By Sean McDonnell, cleveland.com

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OSHA faults I. Schumann & Co. for fatal explosion at Oakwood plant

OSHA said the explosion at I. Schumann & Co. in Oakwood happened when water entered a furnace with molten metal, causing a steam explosion.

By Sean McDonnell, cleveland.com

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Diebold Nixdorf emerges from Chapter 11 bankruptcy reorganization, rejoins stock market

Diebold Nixdorf, the ATM and self-checkout manufacturer based in Hudson, has officially emerged from chapter 11 bankruptcy and is once again trading on the stock market.

By Sean McDonnell, cleveland.com

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News

US Steel rejects a $7.3 billion offer from rival Cleveland-Cliffs; considers alternatives

Pittsburgh-based U.S. Steel said it rejected the offer because Cleveland-Cliffs was pushing it to accept the terms without being allowed to conduct proper due diligence.

By Associated Press

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News

Just how much Ohio gasoline prices are spiking

AAA blames “higher demand, amid tighter supply" for increasing gasoline prices

By Staff, cleveland.com

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Travel

Start-up Breeze Airways, now a major player in Northeast Ohio market, will become Akron-Canton’s largest carrier this year

The growth of Breeze at Akron-Canton is just the latest chapter in the ongoing competition between Northeast Ohio’s two airports, fueled both by economics and the lasting effects of the pandemic on air travel.

By Susan Glaser, cleveland.com

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