Industry news and industry widget

Many borrowers have watched in shocked disbelief at the rapid descent of the financial markets. Their concerns about the overall health of lending institutions and the quickly diminishing availability of credit in the marketplace has prompted borrowers to lock in the credit that’s available.

Manufacturing firm Precision Framing systems has moved its operations to a southwest Charlotte facility from Illinois.

Saudi Aramco shelved plans to upgrade its aging onshore Dammam oilfield at a cost of $1.2 billion amid falling oil prices.

Occidental and Mubadala will develop four existing gas fields and explore for potential new discoveries in Northern Oman's Block 62.

“You want lease terms so that they are not a la carte. You want as much included as possible. … The real critical piece is who is paying for the improvements and how they are paying for them. I think particularly startups need to think about whether they need space at all. Resisting that as long as possible is a way to preserve cash.”

A court battle is brewing over the view at The Vue.

Even if you haven’t figured out yet where you or your older relatives are going to spend your golden years, there’s fierce competition to sway your decision.

Ohio’s scientists and biotechnology industry are ready to pursue more embryonic stem cell research under an expected relaxing of federal restrictions by president-elect Barack Obama, but they’ll have a lot of catching up to do.

Cox & Schepp Construction Inc. isn’t alone in recognizing the local market for green building.

In his two years heading Buddy’s Carpet, Ben Goodyear learned something about the highly fragmented flooring industry: Most retailers could use a buddy in the business.