Nothing Plain About Changes at Plain Dealer More Sharing of Staff, Resources in Works As Daily Continues Its Web, Print Balancing Act

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$1.50/SEPTEMBER 1 - 7, 2008

Nothing plain about changes at Plain Dealer More sharing of staff, resources in works as daily continues its web, print balancing act

By JOHN BOOTH and new areas of cooperation with [email protected] outside entities. “All of us (in the industry) are Less and More dance regularly in trying to figure out how do we keep the newspaper industry these days: putting out a great local newspaper MARC GOLUB PHOTOS Demand for content rises, advertising but also do something we’ve never re- Jim White, executive director of the Cuyahoga River Community Planning Organization, and Alex Marks, gen- revenues fall. Circulation drops, ally done before, which is putting up eral manager of Filtrexx International, are working to plant Cuyahoga Habitat Underwater Baskets along the prices rise. Buyouts and layoffs news pretty much 24/7,” said Plain last miles of the Cuyahoga River. CHUBs are designed to help fish offspring reach Lake Erie and mature. shrink staffs, job duties expand. Dealer editor Susan Goldberg. For The Plain Dealer, this year has Take the recently relaunched been a veritable tango of change: Ear- Cleveland.com web site, for instance: lier this month, the paper offered Though it’s run as a separate com- REVIVING RIVER LIFE buyouts to about one-third of its pany by Plain Dealer parent corpora- 1,200 employees. The paper’s daily tion Advance Publications Inc., much newsstand price also rose to 75 cents of the site’s content now comes fully Partnership works to preserve fish habitat from 50 cents, while its circulation formed from the Plain Dealer news- has dropped steadily over the past room. along last miles of Cuyahoga five years. “We do not have a completely There are fewer pages in print, separate online staff, but we have a By DAN SHINGLER greater chunks of newsroom time fair number of people whose jobs [email protected] spent producing online content, See PD Page 25

he Cuyahoga River is on fire again. This time, it’s from sparks of innovation ON THE WEB that are fueling flames of environmental- T ism and could stoke the business prospects 2008 Health Care Directory of three local companies. Our annual listing of care providers, this The three companies, along with Cuyahoga year covering nine counties — from County, local universities and the U.S. Army Corps of Cuyahoga to Summit — and 18 categories, Engineers, have undertaken efforts to restore aquatic appears in this week’s issue on Pages life to the last 5.6 miles of the Cuyahoga, which often H1-12. is alive with big lake freighters but little else. But there’s more online. The goal is to make that final stretch of the river For the complete directory, habitable to the many species of fish that attempt including company descriptions, visit to use the river each year to spawn — an effort that www.CrainsCleveland.com/ may create a new industry in the process. Mr. Marks attaches chains to a CHUB HealthCareDirectory. See CHUB Page 25 that will be lowered into the Cuyahoga. Collinwood stalwart Brush plans move to Mayfield Heights site

two floors, of the three-story build- Patrick Carpenter, Brush’s building on St. Clair that now serves Councilman bemoans another top outfit’s exit ing at 6070 Parkland Blvd. Brush spokesman, said last week that the as the company’s corporate head- will trade its two-story, 48-year-old company’s move would allow it to quarters. By STAN BULLARD the Landerhaven Corporate Center building at 17876 St. Clair Ave. “consolidate existing corporate and “We pay for the upkeep and utili- [email protected] office park even more corporate by in Cleveland’s Collinwood neigh- divisional offices in a smaller, ties on space we don’t use here,” Mr. taking up most of an empty build- borhood for a 7-year-old office modern and more functional space Carpenter said. “There’s an empty In a move that will pluck another ing in Mayfield Heights. building in a bucolic office park dedicated to office space.” The space hallway that’s lighted all the time. publicly held company from the The international producer of with a bevy of corporate neighbors. that 125 Brush management and You can’t just turn off the heat.” Part city of Cleveland, Brush Engineered specialty alloys and ceramics has It expects to complete the move by support employees will occupy is half of the surplus space came from Brush Materials Inc. is about to make leased 55,000 square feet, or the top year-end. the size of the 110,000-square-foot See BRUSH Page 25

35 INSIDE CRAIN’S 6 Some homeowners may be in for a surprise, as a 1976 law — designed to reign in school

71486 01032 requires taxes to keep pace by Crain Communications Inc. ■ Vol. 29, No. 35

0 when home values fall Page 4 CCLB 09-01-08 A 2 CCLB 8/29/2008 10:09 AM Page 1

2 CRAIN’S CLEVELAND BUSINESS WWW.CRAINSCLEVELAND.COM SEPTEMBER 1-7, 2008 CORRECTION COMING An Aug. 25, Page One story incor- NEXT WEEK rectly identified the designer of the clubhouse at Stonewater Golf Club in The show goes on Highland Heights. Ray Fogg Building 700 W. St. Clair Ave., Suite 310, Methods Inc. of Brooklyn Heights Independent movie theaters Cleveland, OH 44113-1230 served as the designer and builder are under siege from Phone: (216) 522-1383 of the clubhouse. Columbus-based Fax: (216) 694-4264 Hurdzen/Fry designed the golf megaplexes and at-home www.crainscleveland.com course. movie services like Netflix. Publisher/editorial director: In our monthly Brian D. Tucker ([email protected]) REGULAR FEATURES Editor: Small Mark Dodosh ([email protected]) Big Issue...... 9 Business Managing editor: Scott Suttell ([email protected]) Classified...... 24 section, we Sections editor: Editorial ...... 8 take a look Amy Ann Stoessel ([email protected]) Senior reporter: Going Places...... 10 at how Stan Bullard ([email protected]) Reporters: Letters...... 8-9 local small Shannon Mortland ([email protected]) Reporters’ Notebook ....27 theaters Jay MIller ([email protected]) John Booth ([email protected]) Stocks ...... 27 survive. Chuck Soder ([email protected]) Dan Shingler ([email protected]) Arielle Kass ([email protected]) Designers/reporters: Joel Hammond ([email protected]) Kathy Carr ([email protected]) Research editor: Deborah W. Hillyer ([email protected]) Editorial researcher: Kim Ratliff-Null ([email protected]) Cartoonist/illustrator: Rich Williams Online editor: Jeff Stacklin ([email protected]) Marketing/Events manager: Christian Hendricks ([email protected]) Marketing coordinator: MY CAUSE Laura Franks ([email protected]) Advertising sales director: Mike Malley ([email protected]) IS TO HAVE A Account executives: Adam Mandell ([email protected]) Art Bouhall Jr. ([email protected]) HEALTH PLAN THAT GROWS Andrea Rubin ([email protected]) Dirk Kruger ([email protected]) Nicole Nolan ([email protected]) WITH MY BUSINESS. Classified advertising manager: Don Schwaller ([email protected]) Office coordinator: And a premium that doesn’t. Toni Coleman ([email protected]) Western accounts manager: Ellen Mazen, 323-370-2477 ([email protected]) Western accounts assistant: Tara Flash, 323-370-2442 ([email protected]) Production manager: Craig L. Mackey ([email protected]) Production assistant/video editor: Steven Bennett ([email protected]) Graphic designer: Kristen Wilson ([email protected]) Receptionist: Jodi Stirtmire ([email protected]) Billing: Susan Jaranowski, 313-446-6024 ([email protected]) Credit: Todd Masura, 313-446-6097 ([email protected]) Circulation manager: Erin Miller ([email protected]) Customer service manager: Brenda Johnson-Brantley (bjohnson-brantley@ crain.com) Crain Communications Inc. Keith E. Crain: Chairman Rance Crain: President Merrilee Crain: Secretary Mary Kay Crain: Treasurer William A. Morrow: Executive vice president/operations Brian D. Tucker: Vice president Robert C. Adams: Group vice president technology, circulation, manufacturing Paul Dalpiaz: Chief Information Officer Emerson Luke Dave Kamis: Bajan Enterprises, Maple Heights Vice president/production & manufacturing 2 employees Patrick Sheposh: Corporate circulation director

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SEPTEMBER 1-7, 2008 WWW.CRAINSCLEVELAND.COM CRAIN’S CLEVELAND BUSINESS 3 Medicare opts for streamlined cuts

considered the lesser of two evils Cara Bachenheimer, vice president Walter & Haverfield LLP. Medical equipment suppliers say drop faced by medical equipment sellers. of government relations at Elyria- Mr. Petrolla, whose company is Medicare had intended to extract based Invacare Corp., which makes based in Andover, in Ashtabula in reimbursement better than bidding cost savings from a competitive many of the products the equipment County, and has five locations in bidding program, under which only distributors sell, said the competitive Northeast Ohio, said he already has By SHANNON MORTLAND and other vendors had expected. certain companies in Northeast bidding process could have resulted eliminated five positions on his [email protected] Mr. Petrolla, president of Seeley Ohio would have been selected as in reimbursement cuts of 15% to 40%. 100-employee staff through layoffs Medical Inc., already is trimming Medicare-approved suppliers of med- But Congress in mid-July delayed and attrition in anticipation of the No one likes to receive less for his staff and seeking other ways to ical equipment such as wheelchairs, implementation of the program in reduced reimbursements. That’s not or her products — unless you’re a absorb a 9.5% reduction in Medicare hospital beds and oxygen tanks. By the 10 metropolitan areas, including good, but it could have been worse. medical equipment supplier such reimbursement levels for durable reimbursing only the chosen compa- Cleveland, where it had been rolled “It’s like cutting my arm off or as Joe Petrolla, who won’t see medical equipment that will take nies, Medicare expected to save $7.6 out because of problems with the cutting my hand off,” he said. “I’ll take Medicare cut its payments for home effect in January. million a year in Cuyahoga, Geauga, bidding process, said Amy Leopard, a the hand right now.” health equipment as much as he The across-the-board cuts are Lake, Lorain and Medina counties. partner with Cleveland law firm See MEDICARE Page 23

FORTHERECORD INSIGHT CAPITALWORKS BUYS TRADE SHOW COMPANY “I was disappointed with the market reaction, given the strength of the quarter. Accounting ■ CapitalWorks, a private equity I think the (market’s) reaction was excessive and, frankly, inappropriate.” firm in Cleveland, has acquired – Ed Campbell (below), CEO, Nordson Corp. Gallo Displays, an employee-owned standards trade show marketing company in Cuyahoga Heights. Gallo has about 150 employees between offices here and in Rochester, N.Y. Capital- face broad Works senior vice president Mark Brandt said his firm had been looking for an acquisition in Cleve- changes land for awhile before the right one came along. “We’re really excited being in Cleveland to do a deal in our backyard, he said. International format — Arielle Kass focus of SEC plan CLEVELAND STAGES By ARIELLE KASS HOLIDAY SHOW [email protected] ■ The Labor Day weekend was about fun and family for most of A Wednesday decision by the Northeast Ohio, but the people of Securities and Exchange Commis- Team NEO were hard at work. The sion has set in motion the potential business attraction nonprofit last for a dramatic change in longstanding Thursday, Aug. 28, welcomed site U.S. accounting practices. selectors from eight communities, Currently, companies in the United including Atlanta, Chicago, Dallas States report their financial informa- and New York. The visitors had tion under what are known as U.S. briefings on the region’s business Generally Accepted Accounting Prin- assets — in particular the NASA ciples (GAAP). But by 2014, a new set Glenn Research Center — and of accounting standards could be in relaxed at the Rock and Roll Hall of place. Fame and Museum and the Cleve- The SEC will publish a “road map” land National Air Show. Team for public comment that would JASON MILLER NEO’s goal was to convince the allow the commission to decide, in visitors to consider the region when 2011, whether to go forward with they recommend locations for new requiring publicly traded companies plants, distribution hubs or tech to adopt by 2014 International centers to their clients. Financial Reporting Standards, or — Jay Miller TAKING STOCK IFRS. An SEC news release issued Aug. WESTLAKE REED WINS 27 said making the decision has VIRGINIA MUSEUM WORK Nordson CEO says plunge in share price an overreaction, gained importance as two-thirds of American investors own securities ■ Cleveland-based architecture firm not reflective of manufacturer’s overall trajectory issued by companies that use the Westlake Reed Leskosky won the foreign reporting standards. contract to design a new museum “A common accounting language about the American Revolution at By DAN SHINGLER part the result of a strategic diver- around the world could give investors the Yorktown Victory Center in York- [email protected] sification of its product mix and in greater comparability and greater town, Va. Paul Westlake, a principal confidence in the transparency of with the firm, said the project will the geographic markets it serves. he stock of Nordson financial reporting worldwide,” the consist of designing a $40 million, Nordson faces challenges in the SEC said. 78,000-square-foot center. Corp. might be down, struggling automotive market, Even before the announcement — Stan Bullard but the company’s fun- was made, accounting firms were but that’s also where its margins COUNTY SETS SIGHTS damental story remains contemplating how to deal with the are the slimmest. Meantime, changes. ON OLD PLANT SITE Tmuch the same as it was before it demand remains strong for its In July, Big Four accounting firm ■ Cuyahoga County hopes to disappointed Wall Street Aug. KPMG hosted an awareness sympo- advanced technology products, sium at John Carroll University create a recycling center on an old 21 with its fiscal third-quarter chemical plant site in Garfield where margins are thick. where local accountants, students Heights. The county has applied to earnings and a lackluster fourth- and business people could learn While the U.S. market remains the state of Ohio for a $3 million quarter outlook. about the international standards. brownfield grant to clean up envi- relatively weak, global diversifica- KPMG spokesman Kevin Beagley The Westlake-based manufac- ronmental hazards on a 54-acre tion efforts have left Nordson with said while there are no other events site owned by Gen Tek Inc. of turer of adhesive and sealant scheduled in Cleveland currently, most of its business coming from the firm intends to work closely with Parsippany, N.J. The solid waste dispensing systems remains on district would use a 10-acre portion overseas, where Asia and Europe the university regarding possible of the property for a year-round track to post record annual sales curriculum changes, and will continue recycling center, its headquarters continue to do well. to educate both clients and employees of more than $1 billion, which is in See NORDSON Page 23 and for educational programs. on the subject. — Jay Miller Ernst & Young spokesman Brian See ACCOUNTING Page 26 CCLB 09-01-08 A 4 CCLB 8/29/2008 10:10 AM Page 1

4 CRAIN’S CLEVELAND BUSINESS WWW.CRAINSCLEVELAND.COM SEPTEMBER 1-7, 2008

year after the levy’s passage, it will generate $1 million in taxes from Despite fall in home values, taxes may rise those same homes for as long as the levy is in force, even if the aggregate budget commission, in discussing for a taxing district from the levy value of those homes rises to, say, Designed to reign in school, city windfalls, law the inverse relationship between can come from new construction. $1.5 billion. The auditor’s office the value of a property and the “If reappraisal happens and prop- would simply change the original tax also requires taxes to keep pace in down times amount of taxes paid on it. erty values go up 10%, then prop- rate of 10 mills to a lower effective The key trigger for a potential rise erty tax millage goes down 10%,” said rate, say 9 mills, so the levy collects By JAY MILLER designed to keep taxes from rising. in taxes is a law that was passed in Howard Fleeter, a Columbus econo- the same $1 million in taxes. [email protected] Tentative analyses under way 1976, when property values started mist and former professor of public For a community or school district by the Cuyahoga County Auditor’s a decades-long rise. House Bill 920, policy at Ohio State University. “But to continue to receive the $1 million Notwithstanding expected declines office include a scenario where some as it’s called, was designed to H.B. 920 works in both directions.” in taxes even when property values in home values, some Northeast homeowners might see increases in prevent tax bills from increasing fall, the tax rate would need to rise, Ohio homeowners may see their their 2009 taxes of as much as 8.4% and school districts and cities from Hardly run of the mill possibly above the original 10 mills. property tax bills increase in the after property values are updated in receiving a revenue windfall just Taxes are computed in mills per That change in tax rates will affect next few years. Cuyahoga County in the next year. because of a paper increase in real dollar of assessed value. A mill is one- different homes in the same tax Higher taxes for some in the face of Other Northeast Ohio counties are estate values. thousandth of a dollar, so a 10-mill tax district differently because property lower property values tend to defy in different phases of the six-year Since 1976, a voter-approved levy on a house valued at $100,000 would values don’t rise uniformly. A home- logic and may seem unfair. But that property reappraisal cycle. can generate no more revenue from yield $1,000 in property taxes. owner whose house hasn’t declined outcome is a consequence of the “It’s possible for your (home) existing properties than the amount So, under H.B. 902, if a 10-mill in value still will need to pay the complex web of tax laws that has value to drop and your taxes to go of money raised for the taxing levy generates $1 million in taxes in same higher effective tax rate as his evolved over nearly 200 years and, in up,” said Steve Letsky, director of district in the year after the levy was a school district with homes valued or her neighbors whose homes have particular, a 1976 tax law change the Cuyahoga County Auditor’s passed. The only additional revenue at a total of $1 billion in the first lost value. Consequently, that home- owner’s taxes will rise proportion- ately more. A question of value The Northeast Ohio Regional Multiple Listing Service, which tracks homes sales by real estate agents, reports that in Ashtabula, Building For Client Success Cuyahoga, Geauga, Lake, Lorain and Medina counties, the average home sales price through the end of June was 13.6% lower than a year ago. Kahn Kleinman Joins Taft However, that drop may not translate into a decline in appraised property values. That’s because an appraisal update looks back three years. Geauga County, About Taft for example, which is revaluing property this year, is comparing 2008 prices with 2005 prices. Geauga County Au- 400 attorneys and legal ditor Tracy Jemison said he believes declines in home values in the last year professionals in 9 offices won’t wipe out gains in earlier years. (8 US and Beijing) However, counties such as Cuya- hoga that reappraise next year may not see the same outcome. “It’s fair to say (valuation declines) 85 attorneys named will be more common then they Best Lawyers in America have been,” said John Kohlstrand, a spokesman for the Ohio Department of Taxation. ■

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Rights. The 70 attorneys in our Cleveland office are committed Patent Pending to providing the highest-quality, personalized service and Named a “Best of the Best” achieving results for our clients – all built on a 123-year track Volume 29, Number 35 Crain’s Cleveland Busi- Real Estate law firm by record of performance. At Taft, we're building for client ness (ISSN 0197-2375) is published weekly at 700 Midwest Real Estate News success. To learn more, visit www.taftlaw.com. West St. Clair Ave., Suite 310, Cleveland, OH 44113- Taft Stettinius & Hollister LLP 1230. Copyright © 2008 by Crain Communications Inc. Periodicals postage paid at Cleveland, Ohio, and at additional mailing offices. Price per copy: $1.50. POSTMASTER: Send address changes to Crain’s 200 Public Square, Suite 3500, Cleveland, OH 44114-2302 / P: (216) 241-2838 / www.taftlaw.com Cleveland Business, Circulation Department, 1155 Gratiot Avenue, Detroit, Michigan 48207-2912. Cincinnati / Cleveland / Columbus / Dayton / Indianapolis / Northern Kentucky / Phoenix / Beijing (888)909-9111.

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SEPTEMBER 1-7, 2008 WWW.CRAINSCLEVELAND.COM CRAIN’S CLEVELAND BUSINESS 5 Defections Software connects understaffed with staff calls a nurse’s phone with an auto- determined the amount. In the lead Nat City Bedford Heights firm uses text messaging to mated message about the need to meantime, BSKlive continues to work fill a shift. off the money it received from Flash- relay health care providers’ needs to employees BSKlive is vying for its second line Partners and already has a hand- to reshape round of financing after receiving ful of customers, Mr. Groys said. By SHANNON MORTLAND When a nurse calls off, for example, an initial investment of $300,000 Among them is Custom Health [email protected] a manager typically starts calling from Flashline Partners in fall 2007. Care Inc., a University Heights Capstone other staff nurses to find someone BSKlive has asked for $350,000 staffing firm for home care nurses. Its Finding an employee to replace to fill the spot, Mr. Groys said. But from nonprofit investment group president, Paul Kloppman, said By STAN BULLARD another who has called off for his leaving messages and waiting for JumpStart Inc., Mr. Groys said. StaffKnex has enabled him to keep [email protected] or her shift can be time consuming, return calls can take a lot of time. Lynn-Ann Gries, JumpStart’s chief some clients he otherwise might have but a local company is using text mes- The StaffKnex software enables investment officer, said she’s unsure lost if a nurse hadn’t been found fast National City Corp. has consoli- saging to make the process easier. the manager to look at information when JumpStart will decide whether enough to fill a shift or new job. dated the headship of its Capstone BSKlive Inc. is a Bedford Heights such as how many hours each nurse to fund BSKlive because the invest- Jim Rogerson, president and CEO Realty Advisors commercial lending startup that has launched StaffKnex, is scheduled to work that week, ment review process can be lengthy. of Therapy Partners, a Middleburg unit under its larger Red Capital a software program that enables whether taking another shift would Mr. Groys estimates the process Heights firm that supplies physical Group commercial mortgage lending a nursing home, hospital or other mean overtime pay, and how many could be complete in 30 to 60 days. therapists to nursing homes, said business in Columbus after recent health care provider to alert its staff if additional shifts they’ve recently Mr. Groys said North Coast Angel he began using the StaffKnex soft- defections roiled Cleveland-based a shift needs to be filled, said Gene accepted, Mr. Groys said. The pro- Fund already has chosen to support ware program in June. ■ Capstone. Groys, president of BSKlive. gram then sends a text message or BSKlive financially, but has not yet “The concept is great,” he said. Ned Huffman, Capstone CEO, left Aug. 6 to manage his commercial property portfolio and consider new career options. He followed Capstone president Jim Doyle out the door after Mr. Doyle retired July 1 to pursue a career as a real estate developer by becoming a principal of Hemingway Development, a joint venture with the Streetsboro-based Geis Cos. Moreover, four of Capstone’s key producers bolted July 16 to launch a How businesses go from new commercial mortgage banking concern called Bellwether Real Estate depositing checks in line Capital LLC that is operating from temporary offices in Independence. Steve Feldman, a Bellwether prin- to online. cipal, said the four left National City because they wanted to form their own company. Mr. Feldman said they were not concerned about National City’s high-profile financial woes because Mr. Feldman believes the bank is well capitalized to weather the financial industry’s storms. “They were our leaders,” Mr. Feld- man said, referring to Messrs. Doyle and Huffman. “With them leaving, it was more of us deciding to follow our own destiny to own and build our own firm.” He said the three loan origina- tors who operated Capstone’s Cincin- nati office also have joined Bellwether. National City spokeswoman Kelly Wagner Amen said National City plans to remain in the commercial mortgage banking business and retain Capstone operations in the Hanna Building in Cleveland. However, Ms. ® Doyle and Huffman won’t be replaced. Key Capture online Ms. Wagner Amen said Red Capital co-CEOs Scott Laufenberg and Brian check depositing. Kelleher are now overseeing the company’s conventional commercial mortgage-banking lines of business. It’s late afternoon. You still have deadlines to Both Messrs. Doyle and Huffman meet. And rush hour trafﬁc is going to make said they have one-year non- compete clauses with National City it tough to get to the bank on time to deposit Key Capture and no association with Bellwether those customer checks. With Key Capture, except that Mr. Doyle’s son, also tEasy to set up and use named James Doyle, is one of Bell- there’s no worry. You can make deposits online wether’s founding partners. from your workplace, whenever it’s convenient tSaves time and money The elder Mr. Doyle said National for you. Fast, easy, affordable and secure. Key City rebuffed his effort to buy tDeposit safely from your Capstone’s operations. Ms. Amen Capture means less running around…and more ofﬁce, 24/7 declined to comment on Mr. Doyle’s time running your business. bid to buy Capstone. Mr. Doyle, 56, said he does not intend to return to the mortgage banking business To learn more, contact your KeyBank because he wants to spend all his Relationship Manager, or call Darell Edwards, “time, energy and money on real estate development.” KeyBank Global Treasury Management, Although part of its people-power at 216-828-9635. has exited, Capstone still retains a $9.4 billion loan portfolio that it manages for lenders such as insurers and pension funds that it has devel- oped as clients since 1998. Also in place at Capstone is a staff of 44 and relationships with 25 lenders, said Christina Morana, Capstone’s spokeswoman. Ms. Wagner Amen KeyBank is Member FDIC. ©2008 KeyCorp. said National City will continue using the Capstone name. ■ CCLB 09-01-08 A 6 CCLB 8/29/2008 10:10 AM Page 1

6 CRAIN’S CLEVELAND BUSINESS WWW.CRAINSCLEVELAND.COM SEPTEMBER 1-7, 2008

An eye on retention Most employers plan 3.3% raise, survey says Ken Mayland, president ofClear- View Economics LLC in Pepper Pike, said there is a strong tendency to Average hike less than the Employers Resource Council. employees to a low of 3.2% at those resources group. increase wages to at least partially off- The 3.3% figure does not appear with more than 500 employees. The ERC survey was completed set the costs of inflation, regardless of 5.6% inflation rate to reflect growing pessimism about At the same time, 13% of the two weeks ago and included the business cycle. Mr. Mayland said the economy, although about one- companies and organizations in the responses from 149 companies the annual inflation rate is now about By DAVID PRIZINSKY fifth of the smallest companies survey said their executives would and organizations. Manufacturers 5.6%. [email protected] responding to the survey said receive no pay raises next year, accounted for 42% of the survey “The economy is weak now, yet they’ll forego pay hikes in 2009. For down from 17% last year. participants. In terms of size, unless they are close to the death Northeast Ohio employers are the largest companies, that figure is “This may run counter to general companies with fewer than 200 throes, companies will still increase projecting average pay increases next about 10%. perceptions” that executives would workers made up 80% of the survey. wages to some degree,” Mr. Mayland year of 3.3%, a figure that nearly For executives, pay raise projec- be the last to take a pay freeze, said The survey covered five job classifi- said. “They do this to retain employees. matches this year’s hikes, according to tions next year range from a high of Marty Mordarski, director of research cations ranging from executive to Presumably, your employees are the annual pay adjustment survey by 3.9% at companies with 201 to 500 and membership for the local human maintenance workers. good and costly to replace.” However, Mr. Mayland said there is some cyclicality in wage growth. Two years ago, wages rose nationally by about 4.25%, but during the last 12 NEW EXPANDED NETWORK months the increase was 3.5%. He said next year the growth will slow to about 2.9% to 3%. Retaining key employees was the main factor in setting wage hikes at Formtek Metal Forming Inc., a manufacturer of metalforming equipment in Warrensville Heights that was part Stretching of the ERC survey. Judy Muehlbauer, human resources manager, said Formtek expects to raise wages next year by 2.5% across the board. Although she said the our coverage company has downsized its work force during the past year, the pay increase is designed to help the 71-employee company retain its workers during a to more sluggish economy. “The economy is weak now, yet unless they are close to the death throes, hospitals companies will still increase wages.” – Ken Mayland, president, ClearView Economics LLC

than ever “We need to keep our skilled workers,” Ms. Muehlbauer said. “Our machinery is custom-built, and we need people who also make spare before. parts as well as original equipment.” Machinists rule A national pay survey by Mercer LLC, a New York-based human resources consulting company, projects that raises would average 3.7% in 2009. The Mercer survey indicated that pay hikes for top company performers would average 5.6%. Top performers accounted for 14% of the typical work force, according to the Mercer survey. Pamela Sweeney, human resources manager for Kaydon Corp. in Avon, said her company is projecting about a 3% average pay increase next year. She said it’s a conservative number based on a number of factors, including With the addition of University Hospitals to job performance, the state of the economy and what other companies in the our provider network, your employees have area are budgeting for pay hikes. access to 46 of the region’s finest hospitals The Kaydon manufacturing plant in Avon has 100 employees. The and thousands of providers. company was called Avon Bearings Corp. until its acquisition about a Combine that with our existing network that includes the year ago by Kaydon. Cleveland Clinic Health System — there’s no reason to The ERC survey pay projections for 2009 may mask an improved go anywhere else! wage picture when it comes to some Choose SummaCare, the highest ranked commercial segments of the manufacturing workforce. health plan in Ohio by U.S. News & World Report/NCQA. This summer an ERC survey of 172 Call us today at 800-375-6530 or visit www.summacare.com. organizations that tracked actual pay increases indicated a substantial Or, contact your independent insurance agent to learn more increase in median wages for North- about SummaCare. east Ohio production jobs, especially production machinists and die repair machinists. The wages for these two job classifi- cations increased by 19.7% and 13.5%, respectively, from 2006 to 2008. An ERC spokesman said these figures www.summacare.com suggest there is an increasing demand for the highly skilled manufacturing workers in Northeast Ohio. ■ CCLB 09-01-08 A 7 CCLB 8/29/2008 10:15 AM Page 1

SEPTEMBER 1-7, 2008 WWW.CRAINSCLEVELAND.COM CRAIN’S CLEVELAND BUSINESS 7 Legal service firms make case for e-discovery

devices has caused the business to tain independence in their cases. “cream of the crop” have survived. Spurred by ’06 access rules change, local boom. JurInnov has 12 employees Mariann Butch, chair of Benesch’s “It’s been a nice resource in that and Mr. Opsitnick said the company e-discovery committee, said the we can focus on the law,” Mr. Rechner companies report robust revenue growth could grow “considerably larger” in availability of high-caliber local said. “My background is not in the coming years. expertise has been invaluable for computer science.” By ARIELLE KASS “We’re expanding like crazy,” Mr. All three men said most law firms her. She cited a case involving a Mr. Kelley said he continues to [email protected] Copfer said. “It’s a big industry right hire their companies, or similar defamatory e-mail that had been spread the word about the potential now.” ones, to conduct e-discovery to al- sent, saying she received a court for e-discovery, even organizing an They started out producing pho- Mr. Copfer’s company does work lay fears that there would be con- order to image a computer at 4 p.m. annual gala centered on electroni- tocopies, creating exhibits for trials nationally, often attracting the atten- flicts if someone internal to the firm and was able to access that cally stored data. This year, it will be or as consultants. tion of law firms or clients in more had to testify about information computer by 6:30 p.m. because her held in November. But as more people eschewed expensive cities. Mr. Opsitnick said that was found. experts were nearby. “The East Coast and West Coast paper memos and bound reports he does about 85% of his work outside Matt Rechner, who chair’s have been doing it for years, but the for e-mail missives and electronic Cleveland. Value in independence McDonald Hopkins’ electronic Midwest has been slow to adopt. documents, three local legal services E-discovery always has been an Partners in the e-discovery prac- discovery group, said the nearness We’re educating attorneys on how companies also tossed their paper- option in the discovery process, Mr. tices at law firms Benesch Friedlander also cuts down on costs for the to use it,” Mr. Kelley said. “We use producing ways in favor of new work Opsitnick said, but a greater aware- Coplan & Aronoff and McDonald firms. While a number of e-discovery computers as a witness. We tell how in the digital age. ness of the amount of information Hopkins said they work with the firms popped up after the 2006 rule it was used, what it was doing, Electronic discovery — the sort available on computers and other Cleveland firms in order to main- change, Mr. Rechner said only the when it was doing it.” ■ used in lawsuits, where one party discloses relevant documents and facts to the other — has been on the rise since late 2006, when new federal rules forced more access to information stored on computers. Before that change, said Vestige Digital Investigations chief technology officer Greg Kelley, attorneys often made gentlemen’s agreements, deciding not to pursue documents stored electronically for fear that the expense would be too great. “The traditional discovery (process) was the exchanging of paper,” Mr. Kelley said. Mr. Kelley’s firm is one of three e-discovery companies headquar- Better Banking tered in Greater Cleveland, though others have offices here. The Medina- based business does computer forensics, charging between $3,500 and $7,500 to sweep one to three computers. Clients pay added fees to have a report produced or if an expert witness is needed in court. Reality Business Checking gives your business the advantage of savings, rewards and features that make running your business easier. Reality Business Checking is low fees, “We’re expanding like real-business beneﬁts and extra money in your pocket. crazy. It’s a big industry right now.” No Monthly Fee – Dan Copfer, president, Visual Get 1,000 transactions per month Evidence/E-Discovery No Balance Requirement The company posted $1.5 million in revenues in 2007, and is on track No monthly fee regardless of balance to take in more than $2 million in 2008. It has 10 employees, up from Free Activity Rewards three when it started in 2004, and Earn 5¢ for all debit card transactions (PIN and POS) Mr. Kelley said he expects to add more people before the end of the Free ATM Transactions year. Use other banks’ ATMs for free * Other local e-discovery companies are seeing revenues rise, too. JurInnov expects to post $8 million Free Business Online Banking and Bill Pay in revenue this year, and has recorded Manage your accounts, transfer funds and pay bills a 50% increase each year for the past three years, senior partner and Discount on Check Printing founder Tim Opsitnick said. Like- Save money on your business checks wise, Visual Evidence/E-Discovery of Cleveland has tripled its revenues ® ® over three years, said its president, Free VISA Debit Card and VISA Credit Card Management Reporting Dan Copfer. He would not disclose Summary and detailed reports available revenue figures, though. Adapting to change Free Cancelled Check Return Receive your cancelled checks with your statement** Mr. Copfer said Visual Evidence/ E-Discovery moved to the electronic arena after realizing trial graphics — Contact us for even more beneﬁts and details on how to put the company’s previous area of Reality Business Checking to work for you. concentration — were one of the last things a lawyer needed. As more cases were settled and business dwindled, Mr. Copfer decided he had to do something that would be The advantage is Yours. used at the front end of a lawsuit, not the back end. Now, Visual Evidence/E-Discovery Call: 1-888-283-2303 Click: firstmerit.com Visit: Any branch clones hard drives, harvests networks and does forensic work on cell *ATM owner may assess a fee when using a non-FirstMerit ATM and fees may apply on transactions made internationally. phones, PDAs, flash drives, external **Clients must request to have cancelled checks returned. hard drives and other devices. The company has 24 employees, expects to add six more before January and is doubling its space. CCLB 09-01-08 A 8 CCLB 8/29/2008 10:11 AM Page 1

8 CRAIN’S CLEVELAND BUSINESS WWW.CRAINSCLEVELAND.COM SEPTEMBER 1-7, 2008

PUBLISHER/EDITORIAL DIRECTOR: Brian D.Tucker ([email protected]) EDITOR: Mark Dodosh ([email protected]) MANAGING EDITOR: Scott Suttell ([email protected]) OPINION Bad show elcome to another episode of “The Foot Draggers.” We rejoin our cast in the Ohio Legislature in the same place we W left them nine months ago — doing nothing with a bill that could encourage filmmakers to come to the state to shoot their movie and televi- sion productions. The status of House Bill 196 was back in the news last week amid word that Cleveland could lose out on a chunk of the filming of “Torso,” a planned big- budget picture starring Matt Damon that’s based on FROM THE PUBLISHER the city’s infamous Kingsbury Run murders during the 1930s. Like most movie production companies, Paramount Studios is looking for the kind of tax Medina on display at city open house breaks that many other states extend them as an inducement for bringing film work to their markets. o we’ve all been to our share of It’s meant to attract new businesses to deaths of both Cleveland Councilwoman To get Ohio into the film production game in a open houses, right? There are the the square while also showcasing this Fannie Lewis and Congresswoman bigger way, we urged state legislators in an editorial constant stream of open houses growing city as a center of retail activity Stephanie Tubbs-Jones. last November to move forward with H.B. 196, which for new businesses, businesses that has followed Medina’s explosive resi- I knew Fannie from my Leadership Sthat expand, businesses that relocate, dential growth. Organizers look at this as Cleveland class (1989) and recalled her would provide film investors with graduated tax credits that are dependent on their level of invest- etc. There are the open houses for house the best way to ensure a diversity of retailers passion for all issues that dealt with both ment. However, the bill has gone nowhere since then. sales, open houses for high school grad- on the square that will further enhance the her ward and city. She knew and fought uations, open houses for schools eager entire central business district. for one simple standard: fairness. Now along comes another big piece of film- to attract new students. And on It will also serve as a coming- We all knew Stephanie from her wide making business that could bypass Cleveland and and on. BRIAN out party of sorts for a new array of public offices, from judge to the state. Sounds like the potential for another lost But an open house for a TUCKER development proposed for an prosecutor to U.S. representative. Irre- opportunity to us. town? area just south of the square spective of how anyone felt about the This bill should not be allowed to languish. We’d That’s what they’re planning itself, where it hopes to find a primary election battle, it’s difficult not rather see a spirited debate about the particulars of in Medina. While they might be developer to recreate structures to recognize the courage and determina- the measure, such as the ability of film investors to calling it a “Commercial/Retail that would match the Civil War- tion she showed by her steadfast support transfer their tax credits to other taxpayers, than see it Opportunity Showcase” in the era downtown buildings but of Hillary Clinton. city’s Historic District down- contain a mix of residential, These two extraordinary women were sit in limbo for another nine months. At least the advo- town, it’s really a glorified open office and retail uses. forceful in their beliefs, and their names cates of building a film industry component to Ohio’s house. And I think that’s both For more information, contact became synonymous with the term economy then would know where they stand and interesting and creative on the event coordinator Debbie Wentz “public service.” could take appropriate actions to advance their cause. part of the city’s economic development at 330-723-8604. I will fondly recall these two high- director, Tom Krueger. * * * * energy battlers for their gender, their The event, set for Thursday, Sept. 18, will AGAINST THE HISTORIC CONTEXT race and, more importantly, for all resi- begin with a 4 p.m. reception at the Medina of last week’s first nomination of a black dents of this city and region. They will be Just half-right County Convention and Visitors Bureau presidential candidate by one of the two replaced, I am sure, by able office holders, office on the southwest corner of the major parties, it seems fitting to take a but their legacies will live on and on, and uess this is our week to revisit past editorial square and will end with a 7 p.m. event at moment and reflect on the deep loss their achievements will be difficult to positions, in this case to give a big “we told the nearby FirstMerit Bank offices. Cleveland suffered with the recent surpass. ■ you so” to President Bush and Congress Gfor the failure of the “economic stimulus LETTERS package” they ramrodded through Washington last winter. In late January, we stated here that the $168 billion stimulus bill and its reliance on tax rebates “would Convention center customers come first add substantially to the federal deficit yet wouldn’t ■ I think good editorial articles create don’t address the customers’ needs, they dividends as it begins to expand. The provide much of a kick until months from now.” debate and stimulate conversation. In will seek someone who will. out-of-town travelers will always seek Turns out, we were only half-right — the deficit surged that spirit, I’d like to respond to your The customer in this case is the target districts of entertainment, good food but there essentially was no kick from the rebates. Aug. 25 editorial, “Not so fast,” about the group of people the convention business and nightlife. As a matter of fact, all of Martin Feldstein, head of the National Bureau of potential location of a new convention and medical mart will be attracting. If we those items are an easy walk from the Economic Research and a supporter of the stimulus center and medical merchandise mart in truly want to attract convention business proposed development. measure, now acknowledges that it didn’t work. downtown Cleveland. year-round, we need to make it very With respect to the existing convention You state in this editorial, “Conventions comfortable and easy for the customer. center building, it is old and antiquated. “Recent government statistics show that only are supposed to put out-of-towners on the Walking to the Mall in rainy, windy, Trying to retrofit it for this day and age is a between 10% and 20% of the rebate dollars were streets so that they spend their money at snowy weather does not accomplish the larger waste of taxpayers’ money. spent,” Mr. Feldstein wrote recently in The Wall the restaurants, nightclubs, theaters and objective. I am glad to hear we finally have some Street Journal. “The rebates added nearly $80 billion attractions that populate downtown. We We also need to create critical mass. very strategic thinking that makes sense. to the permanent national debt but less than $20 believe the central location afforded by the When Tower City first opened, it was as We all must remember two basic rules: billion to consumer spending.” Mall would generate a greater volume of nice a facility as compared to anywhere in Rule No. 1 is “The customer comes first,” As we said then, economies inevitably move such street traffic than Tower City (and the country. Over the years, with a decrease and Rule No. 2 is “Don’t forget rule No. 1.” through cycles, and misguided attempts by politicians don’t talk to us about creating above- in traffic, it has begun to decline. The to stop them from running their course often only ground covered walkways to get people quality of the stores has diminished, and Michael Pappas, CPA from Tower City to other parts of down- there are heightened security concerns. Director worsen the situation. Next time, we hope they stay town — how absurd).” Creating a nucleus of traffic with Barnes Wendling out of the way rather than grandstand for the public. The fallacy of this argument is that we convention and medical mart business Cleveland need to put the customer first. If you in Tower City will begin to pay huge See LETTERS Page 9 CCLB 09-01-08 A 9 CCLB 8/28/2008 2:31 PM Page 1

SEPTEMBER 1-7, 2008 WWW.CRAINSCLEVELAND.COM CRAIN’S CLEVELAND BUSINESS 9

THE BIG ISSUE

Do you think Ohio should give tax breaks to encourage Hollywood to film movies here?

SULAIMAN MATT WHITFIELD CARL PEPPERS SARAH ROSS AHMAD Cleveland Delano, Calif. Olmsted Falls Euclid Yes. I’m sure it (Cleveland Spider-Man (3), If they don’t get it, creates more native) that was neat, I don’t think they’ll opportunities and Tax breaks are but I don’t think come. They’ll go jobs when they’re necessary to they deserve an to places like here. It’s a encourage busi- extra tax break. Toronto and phenomenal nesses to come They make probably Pitts- advertising force to Cleveland. I plenty of money burgh and in itself. approve of it. to be able to Detroit. We need afford it. all the help we can get. ➤➤ Watch more people weigh in by visiting the Multimedia section at www.CrainsCleveland.com

Euclid Corridor transit line. Euclid that shows lantern-like poles. town is getting progressively worse. LETTERS Avenue certainly looks beautiful, Suddenly, we find ourselves with a Need I mention the debacle with and I am not sure how the whole plastic tube sticking up! the county commissioner and ‘No’ to paid sick leave Opportunities lost concept will work, but the details Also, take a look at the garbage county auditor? are horrendous. collectors at the bus stops. They are It’s obvious that us, who have ■ As a small business owner in Ohio, ■ This letter is in regard to your Aug. The light fixtures in the middle of made of clear plastic and you can businesses downtown, or citizens I oppose the proposed November 25 editorial, “Not so fast.” the street and sidewalk are made of see all the garbage in there. You see, of this city, cannot do much about ballot initiative for mandated paid When it comes to creating a new some kind of plastic. In fact, with a another Band-Aid. it. It’s certainly disheartening to sick leave. convention center and medical little wind, they swing back and Obviously, the people who ap- watch our community losing all The mandated paid sick leave merchandise mart in Cleveland, forth. I have no idea who selected prove these things are the ones who sense of common knowledge and measure is called the Healthy Families there is one very important cost that these light fixtures, but they are the don’t have to worry about losing good taste. Act and will do nothing but increase the Mall site has that the riverfront ugliest, most unsightly things that their jobs. costs for employers in Ohio. Flexibility site at Tower City does not. It is the I’ve seen in my life. I’ve been downtown for 40 years Joseph Scafidi is already provided for my employees. cost of “lost business.” In the original drawing that I saw, in the same block of Euclid Avenue Owner I would not be able to provide this If you close the current downtown there is a picture on the East Ninth with my custom tailor shop, and Joseph Scafidi Inc. for them if I have to comply with a convention center to redevelop the side of the Huntington Bank Building I’ve seen it all. The leadership in the Cleveland mandated sick leave law. Mall site, Cleveland has to go out of The cost for this leave proposal the convention business for, say, will be a financial strain for my three to five years.The conventions company. I will have to deal with the that come to Cleveland now — and additional costs of lost productivity, there are some — would all have making it more difficult to be compet- to go to a different city that would itive in today’s global economy. I welcome them. may be forced to move production How many million dollars would out of Ohio to remain competitive. that cost Cleveland? And not just for Ohio needs to demonstrate that it the three to five years, either. Having is open for business by being busi- turned that business away, how ness friendly. much of it do you think Cleveland would get back when the new Bill Burke convention center is open? President The riverfront site allows you to Fire-Dex use the old convention center until Medina the new one is ready. It is clearly the better location. ‘Yes’ to paid sick leave ■ Robert Dykes The July 28 article by Jay Miller Lakewood and Dan Shingler over paid sick leave didn’t seem to address a very important element in this proposal. Project plans an enigma The original proposal that I read ■ I read with great interest your Aug. included the employee right to carry 25 editorial, “Not so fast.” First of all, sick time over into the following it was a great article, the truth and years. Employees who are able to right to the heart of the issue. accumulate sick time are more likely Quite frankly, there is no doubt in to use it only when they are actually my mind that as soon as they started ill. Conscientious people will save it talking about a study where a new for catastrophic or serious times convention center should be built, rather than using it as additional they already had decided that it vacation/personal days. should be built somewhere other A dedicated worker will not be left than where the current one is on The without income if they need surgery Mall. or have a major health problem if Now that I think of it, we have a they have been on the job for some beautiful building in the existing length of time and in good health. Convention Center, which can be Not allowing people to accumulate gutted out and redone and expanded sick time is almost as bad as not offering to the west of it. it. Why would an employer want Purchase the building on the a good worker to be financially corner of St. Clair and Ontario and damaged due to an appendix attack or build the medical mart there. Now the like? The counter balance to the you have plenty of land, plenty of required sick time proposal lies in the parking space and it is close to accumulation portion of the proposal. hotels downtown. Ohio is losing many of its most Unfortunately, we do not have talented young workers to other states. leaders in city, county and state

Creating advantages to remain here government. They always put a Band- TM Higher standards make better lawyers. will strengthen our commerce, not Aid on everything. Years down the weaken it. road, we suffer the consequences. While we’re on the subject, I’d like Vorys, Sater, Seymour and Pease LLP Rich Weybrecht to mention another thing; look at Cleveland 216.479.6100 Akron 330.208.1000 Euclid this project the RTA did with the www.vorys.com WRITE TO US Send your letters to: Mark Dodosh, editor, Crain’s Cleveland Business, 700 W. St. Clair Ave., Suite 310, Cleveland, OH 44113-1230 e-mail: [email protected] CCLB 09-01-08 A 10 CCLB 8/28/2008 11:18 AM Page 1

10 CRAIN’S CLEVELAND BUSINESS WWW.CRAINSCLEVELAND.COM SEPTEMBER 1-7, 2008

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SEPTEMBER 1-7, 2008 WWW.CRAINSCLEVELAND.COM CRAIN’S CLEVELAND BUSINESS 23 Nordson: Stock prices yield investment opportunity continued from PAGE 3 Nordson’s third-quarter perfor- about 70% just a year ago and up is still on track in the fiscal year ending Bargain shopping Nonetheless, when Nordson mance as “very strong.” from 50% in the early 1990s. That’s Oct. 31 to top $1 billion in revenue for Now, some might consider Nord- reported disappointing numbers for “Revenue was up 12%, earnings also a positive, because economies in the first time in the company’s 54- son to be a bargain. its third quarter and told analysts it per share were up 29% — both of Asia are growing far faster than in the year history. New York-based investment firm would not meet their expectations those were all-time records for the United States, while a weak dollar “We’ve actually given guidance, Cantor Fitzgerald upgraded Nordson for the fourth quarter, the hammer company,” Mr. Campbell said. has made Nordson’s products and it’s going to be $1.1 billion,” Mr. from a hold to a buy right after the fell. He said he believes the market cheaper in China, Europe and most Campbell said, mildly correcting the stock price took its recent tumble. After a year in which its stock was reacted primarily to Nordson’s revised of the rest of the world. billion-dollar revenue assertion. And Nordson itself soon could be a up 27%, Nordson gave back nearly all estimate of fourth-quarter earnings, Nordson also has seen increasingly That figure would be in line with buyer of its shares. of those gains in a single day’s trading. to a range of 84 to 94 cents per share. strong demand for a piece of adhe- the company’s sales so far this year, Mr. Campbell joked with analysts Its stock plunged to $54.74 a share on That range was lower than the $1.05 sive dispensing equipment that helps which Mr. Campbell said are about on an Aug. 22 conference call that he Aug. 22 — down nearly 24% from its a share analysts had been expecting attach the latest generation of micro- 21% ahead of the pace set in fisclal thought of the buyback option when closing price of $71.77 just a day and compares to a year-earlier processors to circuit boards in prod- 2007, when the company reported he saw the stock fall in after-hours earlier. Some investors now think the fourth-quarter profit of 87 cents a ucts such as cell phones. Those revenue of $994 million. trading on Aug. 21, the day Nordson stock might be a bargain — and share. phones used to use one chip, but the It’s also in line with the expecta- issued its quarterly earnings report those investors could include “Investors tend to be forward- latest versions — with their cameras, tions of analysts such as Kevin after the market closed. Nordson, which is hinting it soon looking,” Mr. Campbell said. “It was GPS systems, MP3 players and other Maczka, of North Carolina-based In the Aug. 25 interview, Mr. might buy back some of its stock on our revision downward in those add-ons — use more chips and more BB&T Capital Markets, who was Campbell hinted even more strongly the open market. numbers that people reacted to.” of the kinds of chips that generate touting Nordson’s stock as a great that a buyback could be in the works. CEO Ed Campbell conceded that sales for Nordson. Anyone with an buying opportunity as recently as “I don’t think investors should be earnings of 93 cents a share for the Citizen of the world Apple iPhone likely is carrying some May 23, when it was trading at $66 a surprised if, when we announce our quarter, though up 29%, did not Regardless of the relative slow- Nordson-dispensed adhesive around share. fourth-quarter results, (they) see that match analysts’ expectations of 98 down in its current fourth quarter, with them. The analyst was impressed with Nordson has been buying back cents a share. However, the company Nordson’s business still appears well Going forward, Mr. Campbell said Nordson’s ability to control costs and shares.” did post earnings within the range positioned to thrive in the current the company is starting to see de- raise its gross margins to 56.4%, as While Mr. Campbell described of 91 cents to $1.01 per share it had economic conditions. mand in the solar energy sector. As it well as by strong top-line growth that Nordson as a “high-performing, suc- given earlier. Only 4% of the company’s revenues turns out, the same adhesive systems should culminate in this year’s cessful and profitable organization” “I was disappointed with the — and an even smaller portion of its that Nordson sells to window manu- record revenues. that could increase its operating market reaction, given the strength of profits — are dependent upon the facturers are used to produce solar When Nordson was trading at margins to 20% from the current 17% the quarter,” Mr. Campbell said in an automotive sector. That’s good, panels. more than $78 a share on July 23, Mr. over the next 18 months, he was care- Aug. 25 interview with Crain’s Cleve- because the automotive sector has “Solar has been an area of frenzied Maczka backed off a bit and reduced ful not to predict how its stock would land Business, three days after the been in a near-fatal three-way crash investments,” Mr. Campbell said, his rating from a buy to a hold. Mr. perform going forward. Friday fall. “I think the (market’s) with high gas prices and the nation’s and one that represents a source of Maczka said the company’s funda- “I’m not trying to say that Nordson reaction was excessive and, frankly, economic doldrums. growth for Nordson. mentals were “clearly still solid” at is or is not a good investment — inappropriate.” Meantime, nearly three-quarters that point, but that its stock had we’re not in the business of doing Mr. Campbell was especially of Nordson’s revenues come from Expectations game become priced for “near perfection” that,” Mr. Campbell said. ■ disappointed given that he viewed overseas — 74% this year, versus It’s little wonder, then, that Nordson with respect to future performance.

The only sure thing is that the Medicare: Cuts may spur manufacturing product innovation 9.5% cut is here to stay, at least until the competitive bidding process is continued from PAGE 3 Invacare also offers a software Though she has talked to people they would support competitive resurrected, Walter & Haverfield’s Though he doesn’t expect more package that automates a supplier’s within the campaigns of presiden- bidding. The issue is big for many Ms. Leopard said. cuts to his staff, Mr. Petrolla said he’s entire business so the company can tial hopefuls Sen. Barack Obama companies, she said, but it isn’t big “It will be interesting to see what still looking for ways to trim costs run more efficiently, Mr. Kazan said. and Sen. John McCain, Ms. Bachen- enough to get on the radar of the becomes a priority in 2009,” she while trying not to sacrifice care for The company can use the software for heimer said it’s too early to tell if presidential candidates. added. ■ the patient. tasks such as taking and filling The reimbursement cuts could orders, restocking inventory andbilling create difficult choices for suppliers, insurers, Medicare and Medicaid. according to Mr. Petrolla. That’s Beware the tsunami because some manufacturers will intro- duce new, improved models of equip- Gary Bajusz, president of Cleve- ment under the same federal approval land-based Integrated Medical Inc., codes as the older equipment it’s said he worked with banks prior to intended to replace so they can get the implementation of the competitive new equipment to market faster. bidding process in order to increase the company’s credit lines to make “It’s like cutting my arm sure Integrated Medical could survive 11:30 am Registration • 12 Noon Lunch & Program off or cutting my hand any reimbursement cuts. Wednesday, Sept. 10, 2008 While he has done enough maneu- off. I’ll take my hand vering to absorb the 9.5% reimburse- right now.” JIMMY ROB DENNIS E. ment cut, Mr. Bajusz hopes the com- DIMORA FROST ECKART – Joel Petrolla, president, Seeley petitive bidding process is sidelined for good. He said Medicare created the Chairman, Chairman, Obama Campaign Medical Inc. Democratic Party Republican Party Representative & process for the right reason, but it was of Cuyahoga of Cuyahoga Former Member Introducing the equipment under designed and carried out poorly. County County of Congress the old code means Medicare only will Mr. Bajusz said suppliers were reimburse the new equipment at the chosen through competitive bidding same level as the old equipment, even for offering the lowest price, not for though the new equipment still costs customer service or a company’s the distributors more. ability to handle the business. He said JERRY N. Moderated by: “We (have to) make a tough deci- many Northeast Ohio jobs would have HRUBY sion,” Mr. Petrolla said. “Maybe we been lost under that process because TED NEO Regional Chair, HENRY just don’t offer the latest technology.” so many companies no longer would McCain for President Invacare is trying to help some of have been reimbursed by Medicare Ohio Committee & Anchor, the suppliers it works with through a and would have had to cut staff — if Mayor of Brecksville NewsChannel 5 new venture called Invacare iPartner they survived at all. Solutions, a set of programs the Still, he said something needs to company launched last May to help be done to address health care costs suppliers reduce their costs and that are “roiling out of control.” boost their bottom lines. “Baby boomers are coming up and Among the programs is a national they’re going to stress the health care network of independent technicians system beyond belief,” Mr. Bajusz for home medical equipment that said. “I call it the health care tsunami.” suppliers can call upon rather than Off the radar keeping their own technicians on staff. For more information, go online: www.ccatlanderhaven.com or call 440.449.0700 The network of technicians can fix Invacare’s Ms. Bachenheimer said equipment from almost any home the Centers for Medicare and Medicaid medical equipment manufacturer, Services as of late August had no said David Kazan, vice president of information about when it might sales and marketing for iPartner Solu- move forward with the competitive tions. bidding process. CCLB 09-01-08 A 24 CCLB 8/29/2008 10:12 AM Page 1

24 CRAIN’S CLEVELAND BUSINESS WWW.CRAINSCLEVELAND.COM SEPTEMBER 1-7, 2008

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SEPTEMBER 1-7, 2008 WWW.CRAINSCLEVELAND.COM CRAIN’S CLEVELAND BUSINESS 25 Brush: Move gives eastern suburbs another boost

continued from PAGE 1 and groups such as the Cleveland footloose in its 75-plus year history. the lease. “It has got to be the biggest moving its research-and-develop- Industrial Retention Initiative and The company at various times has deal this year in the eastern suburbs.” ment department to suburban Erie-Net, a nonprofit aiding East been headquartered in downtown Mr. Egar said the lease is a boon to Toledo several years ago, he said. Side manufacturers. Cleveland, Lorain and other loca- Davis Development Group of Solon, Brush has had a presence in “It’s a case of another corporation tions, Mr. Carpenter said. which owns the structure and devel- Collinwood since the 1960s; it moved saying all the right things (about the For this move, Mr. Carpenter said oped Landerhaven Corporate Center its headquarters there in 1992 from city) and its problems, but doing Brush and its tenant representative, two decades ago. the Hanna Building downtown. something else,” Mr. Polensek said. Al Wiant, a CB Richard Ellis senior Mr. Polensek hopes the city Cleveland City Councilman “It’ll hurt. The restaurants and bars vice president, weighed options that can help another business move Michael Polensek, whose Ward 11 is on East 185th Street will feel this. All included leasing downtown locations into the Brush property, which he home to Brush, said he appreciates these moves have a ripple effect.” and constructing its own building. describes as “in tip-top shape.” the attractions of Landerhaven, but Mr. Carpenter said Brush had no Brush received no incentives from “You went into their offices and the loss of another publicly traded criticism of the neighborhood, the Mayfield Heights to move and asked you thought you were in a down- company for the city troubles him. city or its current building. for none, Mr. Carpenter said. town building,” Mr. Polensek said. “They were an active part of the “The way we look at it is that we For the eastern suburbs, landing Mr. Carpenter said Brush has not community,” he said. “They helped would not consider leaving Greater Brush is another plum. set its plans for disposing of its us with other businesses” by con- Cleveland,” Mr. Carpenter said, “That’s a huge deal,” Steve Egar, current building because its first tributing funds to and participating emphasizing that Brush remains in president of the Egar Steiger Associ- focus is on moving the operation to in local development corporations the region. Brush also has been fairly ates brokerage in Beachwood, said of Mayfield Heights. ■

CHUB: Companies hope product PD: Election polls part of cooperation continued from PAGE 1 Advance family. catches on in other waterways have morphed into being primarily, or in some Though you may not see the Akron Beacon cases entirely, devoted to making that online site Journal and Plain Dealer swapping sports continued from PAGE 1 Great opportunities work,” Ms. Goldberg said. “We’ve got people bylines, come mid-September, some customers Currently, bigger fish are able to get up who, a year ago, were still photographers, and will see the latter reaching their homes river, but the tiny offspring they produce can’t The installation of the CHUBs is the first and now the majority of their time is spent doing courtesy of the former. make it back downstream to reach Lake Erie most modest stage of several designed to bring videography.” “As of Sept. 15, they (the Akron Beacon and survive to adulthood, said Jim White, aquatic life back to the lower Cuyahoga. If all Sports writers now do live video commentary Journal) are going to be delivering The Plain executive director of the Cuyahoga River goes well, another 400 CHUBs will be installed before Cleveland Browns games, for example. Dealer in southern Summit, southern Medina, Community Planning Organization. next year, followed by more extensive work that Cleveland.com attracts between 150,000 and southern Portage, Stark, Wayne and Holmes The fish are the offspring of steelhead trout, will create additional habitat along the river by 160,000 unique users and 1.5 million page views counties,” Ms. Stineman said. “It’s strictly smallmouth bass, white suckers and other moving or altering the bulkhead walls. per day, according to president Eliza Wing. Its from an efficiency standpoint.” species that spend most of their life in the lake The work has been made possible by a July total of 1.55 million unique users represents She would not divulge the cost of the deal but come up the river to spawn. Their tiny off- $30,000 grant from the Cleveland arm of the a gain of about 25% from July 2007. with the Beacon Journal nor specify how many spring are ill-equipped to make it through steel giant ArcelorMittal, coupled with Despite those traffic gains, Ms. Goldberg papers will be delivered, and for now, she said, several miles of steel-walled shipping channel $495,000 in federal money from the Army doesn’t see a newsroom separation between it’s a one-way deal, meaning no Beacon Journals to reach the lake. Corps of Engineers. print and pixels as necessary. coming from Plain Dealer deliveries. Filtrexx, Custom Rubber and other compa- “The Washington Post has an entirely sepa- “They normally would drift down with the Goal: ‘Remain profitable’ current and swim along the bank — (but) nies involved in producing and installing the rate (online) reporting staff,” Ms. Goldberg when they get to the shipping channel, there’s CHUBs hope to create a new industry. Mr White said. “Most newspapers, including ours, don’t At the end of July, Advance Publications no current and no bank,” Mr. White said. said the companies already have secured have the resources to do that, and I don’t put employees of the Star-Ledger, its daily in “And they have a dramatically increased need patents to protect their intellectual property think it makes any sense.” Newark, N.J., on notice that the paper would go rights, in the event that other industrial rivers for calories — just when they need the most, Here comes the Sun up for sale if some contract concessions and job they are getting the least.” also become markets for the invention. cuts were not made by Oct. 1. The Star-Ledger is The solution, say Mr. White and his part- Mr. White thinks that’s a distinct possibility. Cleveland.com remains a separate entity. slightly larger than its Cleveland sibling in terms ners, is to provide the little fish with some Alex Marks, general manager of Filtrexx, said However, as The Plain Dealer newsroom has of circulation and employees, but reported in an sustaining structure and plant life, while not it’s becoming a reality. taken a more active role in developing the Aug. 1 story about its status that it had suffered interfering with the river’s mission as a “We’ve actually already done it,” Mr. Marks web site’s content, Ms. Goldberg said, Cleve- two years of financial losses. channel for commerce. said, noting that groups working on the land.com has functioned increasingly as the According to the most recent publisher’s Eventually, they hope to restructure much Maumee River in Toledo have contracted “nuts and bolts machinery” that aggregates statement submitted to the Audit Bureau of of the bulkhead wall that lines the river Filtrexx to install 100 CHUBs along the bulk- news from several sources, including the Circulations, The Plain Dealer for the six months channel, creating pockets in and behind the heads there. And that could be just the start, Advance-owned weekly Sun Newspapers in that ended March 31, 2008, had an average paid wall where plants can grow and young fish according to Mr. White. suburbs across the region. circulation of 428,090 for its Sunday editions can rest, feed and gain strength on their way “There are 136 ports on the Great Lakes, Even the content relationship between The and 326,950 for its Monday-through-Saturday downstream. and virtually all of them have some length of PD and the Sun papers is under examination. papers. The Sunday figure is down 3.2% from But first, they’re installing CHUBs. armored shoreline,” Mr. White said. “I wouldn’t be surprised to see more of an year-earlier circulation of 442,482 and the The Great Lakes might just be the tip of the effort on our parts to eliminate redundancies,” Monday-through-Saturday circulation is 4.6% Basket cases melted iceberg. Mr. Marks said his company Ms. Goldberg said. “That’s something we have below a year-earlier total of 342,616. CHUB stands for Cuyahoga Habitat Under- has received inquires from entities in Florida to work on over time, and that effort really The Plain Dealer does not disclose its water Baskets. About 400 of them are being and Milwaukee; on the Chesapeake Bay; hasn’t even started. In a time of tight resources, advertising revenues. Asked directly if the news- installed this year along the bulkheads that and from groups working with the Hudson, we need to be smart about how we use them, paper is profitable, The PD’s marketing director, line the last few miles of the Cuyahoga. Potomac and Passaic rivers on or near the U.S. and we have to do that while respecting the Ms. Stineman responded, “My answer is that CHUBs are the invention of Filtrexx Inter- East Coast. different character of the publications.” our desire is to remain profitable. This is all national, a company in Grafton that was Tom Hodson, director of the E.W. Scripps about remaining valuable and getting our founded in 1999 to help developers, home- The price of progress School of Journalism at Ohio University, notes expenses in line with our revenues.” owners and other landowners combat erosion CHUBs aren’t cheap. At about $300 per that in the current media environment, big Saving on expenses can take forms formerly of water-side land. The company invented basket, there is substantial revenue potential papers can learn a lot from smaller papers. unheard of in the newspaper business. and patented a polypropylene mesh that can in the hundreds, if not thousands of miles of “Most local papers in smaller towns are the In April, The Plain Dealer and the state’s hold soil and compost together underwater, shoreline and river banks where they could be sole source for local news and information, seven other largest newspapers formed the thus providing a rooting medium for plants. It installed. and they’re prospering,” Mr. Hodson said. Ohio News Organization to serve as a kind of does about $2 million in sales a year now, but Perhaps no one is happier to see them “People are able to get national and interna- in-state wire service to replace some Associ- hopes the CHUBs will amp up that number. installed along the Cuyahoga than Bill Braun, tional news by point-and-click on a web site, ated Press material, sharing bylines and sto- Filtrexx, along with biologists and Mr. owner of Custom Rubber. Mr. Braun said he or on their cell phone in a format they want. ries except in competitive cases. White’s group, worked with Cleveland’s hopes the CHUBs increase in popularity and It’s really sort of a waste of space for newspa- This fall, the eight papers will undertake their Custom Rubber Corp. and Matrix Engineering, provide more business for his company on pers to cover that same kind of stuff unless it first fully collective effort, covering the presiden- also of Cleveland, to develop the CHUBs. East 55th Street in Cleveland. If they do, he has a local angle.” tial election in part through statewide polls that About 160 of the baskets have been installed, plans to buy more equipment and add to his To gain exposure for its line of local suburban the group has banded together to conduct. at a cost of about $40,000, in the crenalations of staff of 85 to ramp up production. weeklies, Advance has been offering what Shirley “We’re going to be able to do a level of the bulkhead walls that line the lower Cuyahoga. But Mr. Braun has another, more personal Stineman, Plain Dealer director of marketing polling that none of us alone would have been To a passing boater, they look like little more reason for wanting to see the CHUBs installed and community affairs, called a “sampling” of able to afford,” Ms. Goldberg said, though she than a few weeds barely protruding above the on the Cuyahoga. Almost every day, weather Sun Newspapers, delivering the weeklies free to did not put a dollar figure on the savings. service of the water. permitting, Mr. Braun can be found rowing on some subscribers of The Plain Dealer. Because Moves by The Plain Dealer and across the To larval fish, though, the hope is that they the river at dawn. He is a past president of the the two publications often are delivered by the newspaper industry, Mr. Hodson said, reflect look like home. Cuyahoga Rowing Association. same people, and in some cases even are the field’s “remarkably changing landscape.” “They’re kind of like little Howard John- “I row on the river every day in a rowing bagged together, she said the test run is “really He added, “It has changed more in the last sons,” Mr. White said last Tuesday, Aug. 26, single, so I see them,” Mr. Braun said. “I’m for the potential of people getting (The Sun) and two years than in the previous 50, and proba- aboard a boat as he explained the installation anxious to see them each day and watch them then they might want to subscribe.” bly will change more in the next five than process to Crain’s. succeed.” ■ There’s also cooperation outside the we’ve ever seen.” ■ CCLB 09-01-08 A 26 CCLB 8/29/2008 3:12 PM Page 1

26 CRAIN’S CLEVELAND BUSINESS WWW.CRAINSCLEVELAND.COM SEPTEMBER 1-7, 2008 Accounting: Method Legi\[`ZkXYc\ZpZc\j% DXib\kXefdXc`\j% intends to provide I`jbpki\e[j¿ ¿J______% more consistency

continued from PAGE 3 publicly traded companies, and m\[%Gif[lZkjXe[j\im`Z\j N_fËj_\cg`e^pfl6 ccfe:figfiXk`fe% Edelstein said that the firm also is because students must pass the working with professors to create a CPA exam, which currently tests new college curriculum, one that American accounting principles, could be rolled out in the accounting the school does not teach the inter- programs of schools such as Cleve- national rules exclusively. land State University and Baldwin- Bill Fodor, an engagement Wallace College as early as January. manager in the financial operations The two accounting standards division of financial services firm have some similarities, but the main Jefferson Wells, said some clients are difference between them is the way preparing to make the switch, while they deal with decision-making on others are waiting to see what hap- every level, said Ernst & Young vice pens. The new methods could cost chair and North Central managing some businesses money as they alter partner Michael Ventling. GAAP is accounting practices, he said. )''/K_\9Xebf]E\nPfibD\ccfe:figfiXk`fe%8cci`^_kji\j\i Xi\gifm`[\[YpmXi`fljjlYj`[`Xi`\jf]K_\9Xebf]E\nPfibD\ laden with rules that accountants “Any time you have a change, must follow, while the international there’s apprehension,” Mr. Fodor K_\GiXZk`Z\f]N\Xck_DXeX^\d\ek% standards allow them more decision- said. “Some companies see it as an making leeway. opportunity, the ones that really ?`^_Zc`\ekjXk`j]XZk`fe%8ZifjjdXib\kZpZc\j%Fm\i^\e\iXk`fej% The change would allow accoun- want to compete internationally. tants to use greater professional judg- Others don’t have the resources ment when determining the costs of now to take more things on.” intangible assets, how financial state- Standards converge Kfc\Xiedfi\#gc\Xj\ZfekXZk ments are presented, which methods are used in deciding the costs of a Larger companies that already are 9`cc:Xjk\iÆ)(-+-++)++ transaction, how leases are accounted doing work internationally often are for and many other monetary issues, eager to switch to the more widely @em\jkd\ekDXeX^\d\eksN\Xck_

Forbes.com hasn’t exactly been a and replicate the clinic’s model, friend to Cleveland of late, but the which has made it one of the world’s web site on Aug. 25 did feature the go-to health care providers.” Cleveland Clinic prominently in a The proposals “usually contain a piece about the international expan- map displaying a red dot over the sion efforts of top U.S. hospitals. prospective country’s facility and con- In any given month, Forbes.com centric circles around it representing noted, the Clinic’s chief operating areas within two hours of traveling.” officer, David Strand, “fields dozens Mr. Strand said, “They want to be of inquiries from countries around a hub that will attract people to their the world. They don’t want medical part of the world, and they want us advice — they want to partner up to help them create it.” CCLB 09-01-08 A 27 CCLB 8/29/2008 4:51 PM Page 1

SEPTEMBER 1-7, 2008 WWW.CRAINSCLEVELAND.COM CRAIN’S CLEVELAND BUSINESS 27 THEINSIDER REPORTERS’ NOTEBOOK THEWEEK BEHIND THE NEWS WITH CRAIN’S WRITERS ToolingU keeps that, as China grows into a large, finished in about a year. AUGUST 25 - 31 consumer-based economy, many “We should start seeing something translators busy goods made there now are sold in tangible and exciting pretty soon,” The big story: Northeast Ohio homebuilders ■ Jack Schron Jr. doesn’t speak a lick of China itself, in addition to Dr. Sridhar said. cut home starts by 40% in the first half of this year Chinese, but that’s not stopping him from markets in the United States Simplicity is key to Dr. compared with the like period in 2007, Atwell- teaching thousands of Chinese workers to and elsewhere. Sridhar’s work. For one, the Hicks Development Consultants reported. How- become better manufacturing employees. Some U.S. companies are software that runs the small, ever, the road ahead for builders may be better. The president of both the local manufac- starting operations in China to disposable sensors must be basic Atwell-Hicks expects builders to pick up the turing company Jergens Inc. and the online produce goods for the Chinese because each one has a measly four th pace in the last half of the year, as it predicts manufacturing school ToolingU said his market — “just as Honda manufac- kilobytes of memory (about 1/250,000 homebuilders will close out the year with 34% online school is starting classes in Chinese in tures cars in Ohio for sale in Ohio,” Mr. of what a PC might have). Plus, he wants fewer starts than in all of 2007. Atwell-Hicks did September. Schron said. — Dan Shingler the people that use the networks to be able to not disclose actual figures for starts, which it “One of our key cus- customize them without special training. documented in a second-quarter Northeast Ohio tomers asked us if we Sensible sensors Potential future projects could include Residential Market Report issued to subscribers. could convert it into Chi- systems to make factories safer, to monitor nese, because they have to hit the road water quality and to detect hazardous ■ If their wish is granted … : The California manufacturing facilities The tiny sensors that chemicals in urban environments. company that bought USB Corp. of Warrensville there,” Mr. Schron said. Nigamanth Sridhar works Dr. Sridhar said he might even try designing Heights plans to move about 30 bioscience jobs to He declined to identify with aren’t all that a system to predict tsunamis. — Chuck Soder the region in mid 2009, assuming it wins a state the client, but said it’s powerful — at least not by grant that it expects to receive. Affymetrix Inc. of a U.S. company that themselves. Legal Aid alums to aid Santa Clara, Calif., was approved for a 50% income employs 10,000 to 15,000 As a group, however, domestic violence fight tax credit through the Ohio Job Creation Tax manufacturing workers in they might be able to ■ Credit Program. The credit is valued at $496,000 China. It’s counting on reduce the number of A local law firm is partnering with Legal Aid over three years. The company, which develops ToolingU to make the crashes in highway con- to work with survivors of domestic violence. tools to help researchers analyze the genome, company more competi- struction zones. Squire, Sanders & Dempsey attorneys will expects it will receive a second $100,000 Rapid Out- tive by training workers Dr. Sridhar and his be trained to take cases and will focus reach grant from the state in September, which in areas ranging from FILE PHOTO/RUGGERO FATICA team at Cleveland State exclusively on domestic violence survivors. Jack Schron Jr., whose online school, would lead Affymetrix to finalize plans to move basic shop math to University are working on The firm also has donated money to fund a ToolingU, already offered classes in jobs to Warrensville Heights. hydraulic systems and software that would allow $240,000 named position for four years to advanced welding. German and Spanish, will in Septem- thousands of the small provide support for the pro bono attorneys. ber add courses in Chinese. Bringing people together: Akron Children’s Since it was founded sensors to communicate Melanie Shakarian, Legal Aid’s director, Hospital Pediatrics is merging its two offices in in 2001, ToolingU has with each other. The said the money will enable the organization Hudson. The Hudson North office at 5778 trained more than 35,000 students, most of group’s first project is to create a network of to hire another attorney. Darrow Road will close and will move to its them in the United States. But in the past sensors that would monitor traffic patterns Already, 20 attorneys and five paralegals sister office at 1365 Corporate Drive, Suite A. two years, it has converted its curriculum in construction zones. Data could be used have signed up to participate in the volun- Doctors currently at Hudson North will begin into German, Spanish and now Chinese. At to help construction zone managers alter teer program. Squire Sanders partner Ricky seeing new patients Sept. 8 at the Corporate any one time, there are between 500 and 700 traffic patterns on the fly and to figure out Gurbst and associate Heather Tonsing Drive location. The Corporate Drive office is students logged on and taking classes on the which zone configurations are safest. Volosin, who are coordinating the effort, are more than doubling the size of its office to 8,000 school’s web site, which offers some 400 Dr. Sridhar, an assistant professor of soft- both Legal Aid alumni. Mr. Gurbst said the square feet and will go to 18 exam rooms from courses that can be accessed 24/7. ware engineering, received a $450,000 grant partnership’s goal is to prevent domestic the existing eight. Construction is scheduled for Mr. Schron is slightly sensitive to the fact from the National Science Foundation to violence. He said there is no time limit completion early next year. that he’s training workers that compete with design the sensor network for construction for how long volunteers will continue to those here at home. But he’s quick to note sites; he expects that network will be participate. — Arielle Kass Technically speaking: Blogcritics.org, an online community of more than 2,300 bloggers founded by Eric Olsen of Aurora, was acquired WHAT’S NEW STOCKS by blog search technology company Technorati of San Francisco. Terms weren’t disclosed. The COMPANY: 10 BEST PERFORMERS deal will help Technorati move from aggregation to content generation. Blogcritics posts hundreds WRG Ser- CLOSE WEEK’S 52-WK 52-WK of articles each week on a variety of topics, vices Inc., COMPANY 8/29 % CHANGE HIGH LOW including books, movies, music, politics and Willoughby 1. OM Group Inc. (OMG) 37.10 10.91 66.00 26.92 technology. Mr. Olsen said the deal “puts us in a 2. DataTrak International (DATA) 0.47 8.80 3.47 0.22 position to get a bunch of new traffic coming our PRODUCT: 3. Myers Industries Inc. (MYE) 13.16 6.82 21.76 7.43 way.” He expects Blogcritics soon will be able to Apollo LT 4. Jo-Ann Stores Inc. (JAS) 24.97 6.76 26.50 9.03 take advantage of Technorati’s technological 5. TransDigm Group (TDG) 37.56 6.46 51.60 31.15 expertise by implementing a new site design and ATM 6. Developers Diversified (DDR) 33.51 5.64 59.27 27.74 improved navigation. The company says the Apollo LT ATM is a 7. KeyCorp (KEY) 12.01 4.71 35.59 7.93 wall-mount automated teller machine with a 8. Hawk Corp. (HWK) 24.03 3.80 25.14 13.25 This and that: Cleveland law firm Buckley cash dispenser that can hold up to 1,000 9. Omnova Solutions Inc. (OMN) 2.89 3.58 6.00 2.25 King is rolling the dice on another western notes. It comes standard with a spin-dial 10. LNB Bancorp Inc. (LNBB) 8.70 3.08 15.44 8.21 expansion. The firm opened an office in Las lock, and a key lock and electronic lock are Vegas, bringing to six the number of cities where available as options. 10 WEAKEST PERFORMERS it has a presence. Two years ago, Buckley King The ATM measures 17 inches tall, 18 made its initial foray out west by opening an CLOSE WEEK’S 52-WK 52-WK inches wide and eight inches deep. Its size COMPANY 8/29 % CHANGE HIGH LOW office in Phoenix. …Diebold Inc. was chosen to “makes it perfect for merchants who have provide Brazil’s largest financial institution, limited room in their location,” according to 1. Brush Engineered Materials (BW) 29.30 -5.79 58.74 21.30 Banco do Brasil, with more than 5,400 automated Mike Stevenson, CEO of WRG Services. 2. Applied Industrial Tech (AIT) 29.11 -5.12 35.68 22.05 teller machines and check dispensers. … Her- WRG Services says the product is a finalist 3. Olympic Steel Inc. (ZEUS) 47.61 -4.28 78.32 22.88 schman Architects of Cleveland ramped up its in the Convenience Store/Petroleum magazine 4. Goodyear Tire & Rubber (GT) 19.61 -3.68 31.36 15.56 Arizona presence by acquiring Paragon Archi- Retailer Choice Best New Product contest in 5. PVF Capital Corp. (PVFC) 4.50 -3.43 16.14 4.00 tects in Tucson. Paragon’s six-person staff was the General Equipment category. Winners will 6. Steris Corp. (STE) 36.77 -2.85 38.18 20.71 combined with Herschman’s existing six-person be recognized in the trade publication’s Novem- 7. Nordson Corp. (NDSN) 53.63 -2.03 78.98 42.30 Tucson office. ber issue. 8. FirstEnergy Corp. (FE) 72.64 -1.34 84.00 59.91 9. PolyOne Corp. (POL) 8.21 -1.08 9.00 5.11 To keep up with local business news as it Send information about new products to 10. Lincoln Electric Holdings (LECO) 80.77 -0.81 86.97 53.32 happens, visit www.CrainsCleveland.com. managing editor Scott Suttell at [email protected]. Source: FinancialContent Inc.

and a nationally What do a four-time noted transplant have in a celebrated Grammy winner, surgeon common?

author & activist, shakeronline.com Loung Ung, Elaine Martone, MD Charles Modlin, CCLB 09-01-08 A 28 CCLB 8/29/2008 10:12 AM Page 1

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08-25maserati.indd 1 8/28/08 10:29:10 AM