Business Services Industry
The Week: November 1 - 7.(The Insider)
Crain's Cleveland Business, November, 2004
Welcome back: OMX is back. Almost one year after OfficeMax Inc. was bought for $1.3 billion by Idaho-based Boise Cascade Corp., the Shaker Heights retailer's former stock ticker symbol - OMX - and corporate identity have been reinstated. OfficeMax spokesman Bill Bonner said the company has shifted its corporate headquarters to Itasca, Ill., from Idaho.
Mr. Bonner added that the company plans to keep a retail base in Shaker Heights, where OfficeMax employs about 600. Raise the rate: Ohio's utility regulators granted SBC Communications Corp. a rate hike of $2.16 a month, or 20%, for the rates the company can charge its local phone service competitors to use the so-called "last mile'' of its phone lines. The new rate is $12.80. Earlier this year, the PUCO granted...
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