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GM's Lockport plant has open house, Prime 490 is up for sale, Sovran cuts interest costs and Northwest will rebuy stock

From Business Today:


General Motors Components Holding LLC in Lockport opened its doors to visitors Thursday, in an attempt to boost the enthusiasm of potential buyers and the community as well as give thanks for a taxpayer-funded bailout in 2009. Nearly 1,500 people showed up for a peek inside the building.

The plant started as Harrison Radiator Corp. in 1910 before being bought by GM in 1918. That plant became Delphi, a division that was spun off into a separate company in 1995. In 2009 it returned to GM as General Motors Components Holding.


Prime 490, a well-known Rhode Island Ave. steakhouse, is up for sale. The property, near the Essex Street Pub and the Left Bank, is listed with Hunt Commercial Real Estate for $449,000.

Prime 490 is known for its extensive wine list and has banquet rooms and an outdoor covered patio. Owners, including Cozumel founder Christian DiFiglia, are selling in order to concentrate on other ventures.


Sovran Self Storage will cut its interest costs by $3.2 million a year starting in 2012, thanks to $500 million in financing it arranged through a combination of unsecured notes and bank borrowings.

The company operates more than 400 Uncle Bob's Self Storage facilities in 25 states.


Northwest Bancshares' board of directors authorized the repurchase of 5 percent of the company's stock, amounting to about 5.15 million shares. The company has almost completed the purchase of another 11 million shares, or 10 percent of the outstanding stock. (Buffalo native John Meegan is on the board of Northwest Bancshares.)



Who is getting hired, promoted and honored?

Looks like it's going to be another great day:



Auto Industry | Banks | Food and Drink | Manufacturing | Real Estate
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