Timken Receives $48 Million from U.S. Continued Dumping and Subsidy Offset Act – The Timken Company of North Canton recently received about $48 million pre-tax, under the U.S. Continued Dumping and Subsidy Offset Act, the company disclosed in a filing submitted to the U.S. Securities and Exchange Commission. The act allowed money collected by U.S. Customs and Border Protection for products subject to anti-dumping duty orders that entered the country before Oct. 1, 2007, to be distributed to qualifying domestic producers. The act has faced litigation since 2002, and U.S. Customs has told affected domestic producers that the distributions could be subject to “clawback.” However Timken stated that it believes that is a “remote” possibility. To read more about Timken and the U.S. Continued Dumping Subsidy Offset Act, click on this Crain’s article.
Diebold Moving Forward with Venture in China – Diebold and Inspur Group are set to become joint venture partners in China. A deal to create Inspur Financial Information Systems is set to close this summer after three years in the making and leaves Inspur and Diebold “very opportunity rich.” It’s one of two large deals that has Diebold expanding its global presence. The company also is working on a combination with Wincor Nixdorf, an automated teller machine and financial service provider based in Germany. That deal also is expected to close this summer. To read more about Diebold joint venture with China, click here for the full Canton Repository article.
Zero-Emission, Hydrogen Fuel Cell-Powered Bus Highlights OPTA Conference – The debut of the zero-emission, fuel efficient future of public transportation highlighted the opening day at Ohio Public Transit Association’s (OPTA) Annual Conference in Columbus. The bus is the first of ten hydrogen fuel cell-powered buses to be deployed by Canton, Ohio’s Stark Area Regional Transit Authority (SARTA). SARTA’s fleet will be the third largest in the nation and the largest operating outside California by the end of 2018. SARTA’s fuel cell program, including the purchase of the vehicles and the construction of a fueling station at its Canton headquarters, is funded entirely by federal and state grants. To read more about the Zero Emissions Hydrogen Fuel Cell Powered Bus, click on the OPTA article.
Malone and University of Akron to offer Joint Engineering Program – Malone University and the University of Akron have partnered together to establish a dual degree program in mechanical engineering. The new program will launch in the fall of 2017. Upon completion of the program, graduates will earn two degrees: a Bachelor of Arts in Physical Sciences from Malone, and a Bachelor of Science in Mechanical Engineering from Akron. The five-year program includes two semesters of paid co-op experiences. During their time at Malone, students will receive broad-based liberal arts education and foundational courses in science and mathematics, while at Akron they will be immersed in a respected engineering curriculum and gain the hands-on learning experiences they need through the co-op program. To read more about Joint Engineering Program, click here for the full Malone University article.
Walsh University Announces New School of Behavioral and Health Sciences – Walsh University’s fifth comprehensive school has been announced with the formation of the new School of Behavioral and Health Sciences. The new school will join the already established DeVille School of Business, Byers School of Nursing, School for Professional Studies and the School of Arts and Sciences at Walsh University. “The new School of Behavioral and Health Sciences will serve to enhance an already superior group of programs,” said Walsh University President Richard Jusseaume. “By establishing a formal school, we will be able to better train and educate students who will provide critical skills to regional providers and their clients.” To read more about the new School of Behavioral and Health Sciences at Walsh University, please click on this link.
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