Displaying items by tag: Copley

:17 - A new documentary is out about two now-adult men recalling their childhoods being manipulated by Michael Jackson. The morning show panel chatted about Finding Neverland, the downfall of Jackson, and why a parent would allow their children to be involved with an adult, albeit a world famous one.

11:59 - The University of Akron is holding a lecture on national security Thursday night with James Clapper and Michael Morell. Morell, a Cuyahoga Falls native, promoted the event on the air with Ray.

16:25 - The Copley Indians are playing some playoff hoops, and head coach Mark Dente called in to chat about his team.

20:01 - How often do you hug? Do you hug everyone or just family members? And if so, for how long? We discussed hugging in great detail this morning.

29:38 - Also happening on Thursday is the American Red Cross’s Acts of Courage event, where members of the community are rewarded for helping their peers.

Babcock and Wilcox Enterprises announced on Monday that they will be moving their headquarters from Charlotte, North Carolina, to Akron, into the former Goodyear Tire and Rubber Company's East End Offices.

There's been no date set for the move, but the Akron Beacon Journal is reporting that it's expected to be finished no later than next summer. 

Employees were notified Monday, while the financial details of the move are expected to be released along with the public company filings. In addition to the move, hundreds of employees are relocating from the Barberton and Copley offices to Akron.

Mayor Bill Judge joined the Ray Horner Morning Show to talk about the impact the move will have on his city. 

 

Coach Mark Dente of the Copley Indians talked with Sam Bourquin Thursday ahead of their game Friday with Revere.

 

The Indians are coming off a nice win over Alliance and are led by senior guard Austin Brenner, along with Jacob Williams and Brian Roberts.

For the full interview, click the link below.

 

After a pair of wins over Twinsburg and Firestone to start the season, the Copley Indians will be looking to get a third win on the young season against Lake Friday night.'

Copley head coach Scott Chouinard joined Brad Russell on 1590 WAKR to talk about the matchup against the Blue Streaks and how they can best use their athletes in space both offensively and defensively.

 

The Indians will square off against Barberton in Week 4 to begin Suburban League play.

Coming off a Week 1 win over Twinsburg in the Suburban League, the Copley Indians are riding high thanks to a pair of seniors making plays on offense in running back Weston Bridges and quarterback Austin Brenner.

Copley Head Coach Scott Chouinard joined the Sam Bourquin show ahead of the Firestone game tomorrow.

 

For the full interview with Coach Chouinard, listen below.

 

126 people are being laid off at Babcock & Wilcox's Summit County operations, and the company says you can blame lower coal generation.

B&W spokesman Ryan Cornell tells WAKR.net that the company will reduce its workforce by 113 people in Barberton and 13 people in Copley.

The layoffs affect nearly 13 percent of the Summit County B&W workforce.

And those reductions locally are a large part of the over 200 people being laid off throughout B&W's operations.

Cornell says that B&W is in the "energy technology business", and says the coal generation market will continue to drop, and that drop is happening faster than expected.

After the layoffs, B&W will employ 737 people in Barberton, and 120 people in Copley.

The city of Barberton says the layoff news came as a surprise, and said there was no indication of workforce reduction when city officials talked with B&W as recently as last week.

Barberton mayor Bill Judge says his office will do whatever it can to help families impacted by a job loss.

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(Babcock & Wilcox, news release) Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE:BW) today announced actions to proactively restructure its traditional power business in advance of a lower projection for U.S. coal generation and has updated guidance for 2016 to reflect:

* The net impact of the restructuring and decreased coal-related revenue in the second half of 2016.
* A charge to correct an engineering design error on a new build renewable energy plant in Europe. The resulting re-engineering, on-site rework and delivery delay will result in a $32 million pretax charge in the quarter and a full-year ($0.51) EPS impact.
* The shift of $38 million in 2016 expected revenue from a Canadian oil sands project that was delayed due to the impact of the Fort McMurray fires.

Revised earnings guidance for adjusted EPS is now $0.63 to $0.83, primarily due to the effects of the renewable energy project and the timing shift of the Canadian oil sands project. The restructuring savings largely offset the impact of expected lower coal-related revenue. Revenue guidance remains unchanged at $1.8 billion as the incremental revenue from the SPIG acquisition, which is anticipated to close early in Q3, is expected to approximately offset the other revenue impacts.

Traditional Power Business Restructuring

B&W is restructuring its traditional power business that serves coal-fired power generation to reduce overhead and improve efficiency in response to projections that coal utilization, particularly in the U.S., will decline faster than previously forecast. The new organizational structure includes a redesign of workflow for its North American-based coal power generation resources to provide an effective, flexible organization that can adapt to the changing market conditions.

As part of these changes, B&W will eliminate over 200 positions in North America immediately and undertake other cost-savings measures across the enterprise. The company also expects additional facility consolidations in the coming year.

Severance expenses and other costs over the next 12 months will be approximately $55 to $60 million, of which approximately $30 million are non-cash and include the write-down of B&W's one coal power plant and deferred tax assets related to the India manufacturing joint venture and various state net operating loss carryforwards. These savings are expected to allow the coal business to hold gross margins constant in the coming years despite the expected decline in volume.

B&W is consolidating aftermarket and global new build activities for coal-fired generation into one segment that will be led by Mark Low, Senior Vice President of the new Power segment. All renewable energy projects, including the B&W Vølund subsidiary, will be consolidated into another segment, led by Paul Scavuzzo, Senior Vice President of the new Renewable segment. This new structure will allow for a Power segment focus on efficiency and support for our traditional customer base while the Renewable segment focuses solely on renewable project execution and worldwide growth.

"We have reduced the size of our organization that supports the coal market by roughly 20% and restructured how we support this market," said E. James Ferland, Chairman and Chief Executive Officer. "These changes will allow us to continue to provide outstanding service to our customers and maintain solid profit margins in our power business despite an expected 15-20% reduction in U.S coal customers' demand for our parts and services by 2017 or 2018."

European Renewable Energy Project

During construction, B&W self-discovered a deficiency in the piping design of one of our renewable waste to energy projects. The correction requires engineering and then physical rework. B&W is working closely with our customer to minimize any delays and ensure the delivery of a high-quality facility that meets or exceeds all performance guarantees. "Our B&W Vølund subsidiary has completed 25 projects in the last ten years," said Ferland. "Of those projects, 23 out of 25 were profitable, and significant project improvements were achieved due to good execution. We believe this is an isolated issue and have performed reviews to ensure this piping design issue is not present in the other projects."

Overall Strategy

"B&W remains focused on executing our strategy," continued Ferland. "We are taking early action to ensure the coal-related business remains profitable in a challenging market while we grow our renewable energy business and diversify our portfolio through acquisition. We expect to close the SPIG acquisition early in the third quarter and continue to believe the revenue synergies for our combined businesses will provide significant upside. In addition, we plan to leverage our strong balance sheet and focus on diversification which we believe will provide increased value for our investors."

(City of Barberton, news release) Today, Babcock & Wilcox (B&W) announced a reduction in the workforce at their Barberton Location. Mayor Judge and his administration previously met with B&W's CEO and leadership team and more recently reached out to B&W just last week, yet there was no discussion related to workforce reduction. As with any workforce reduction, the impact to the local economy will be detrimental to the City budget and, most importantly, the employee and their household. As always, the City is dedicated in assisting local businesses in economic challenges. Mayor Judge's office is always open to any organization or individual seeking assistance or looking for an opportunity in our community. Mayor Judge stated, "I understand the difficulty created by any workforce reduction and my administration will reach out to B&W in order to offer assistance to affected employees. B&W continues to play an important role in our community and we look forward to continuing our relationship with them. Over the years, the City has faced similar challenges and I'm confident our continued efforts toward economic development will create positive impacts."

A fire reported at a Copley Township hotel early this morning left one person dead and another injured.

Copley firefighters and police were called out to Hawthorn Suites on Montrose West Avenue where an active fire was found and extinguished.

One person died at the scene and another person was taken to Akron General Hospital with serious burns. The names of the victims are being withheld pending family notification.

Investigators are still trying to determine the cause of the blaze. Further details were not released.

One of the teams to watch in area high school basketball is the undefeated Copley Indians, who are coming off a win against North Tuesday.

Mark Dente, the head coach of the Indians joined the Sam Bourquin Show to talk about his club and what they've been doing to stay healthy, keep improving, and look for ways to improve on the mental aspect of the game.

They will be playing the Aurora Greenmen tomorrow, but over the last couple weeks, many players have stepped up for Copley.

"Austin Brenner, our junior guard has been putting up some amazing stats, with 19 points against Highland," Dente said.

Even with an undefeated record, the Indians still have some more work to do.

"We're not very big, so we'll have to get out and run, work on our rebounding, and we'll be fine."

 

 Copley is currently the #2 seed in the Division I Alliance district.