NATION

NATION
E.L. Smith Glass Co.to close Pa. factory
MOUNT PLEASANT, Pa. -- One of the few remaining handmade glass factories in the United States has closed, leaving its future uncertain.
Employees at L.E. Smith Glass Co. were told this week that production had ceased, though a retail shop on the site will remain open indefinitely. The closure could affect nearly 100 people, though half of those workers had been furloughed already.
High gas prices, foreign competition and a poor economy led to the shutdown and collapse of talks with a potential buyer last week, said Martin Noonan, president of Boston-based L.E. Smith Glass.
WORLD
Equity firm to sellDunlop aerospace group
LONDON -- The private equity firm Doughty Hanson & amp; Co. Ltd. said Monday that it had agreed to sell its Dunlop Standard Aerospace Group to Britain's Meggitt PLC and U.S. investment firm the Carlyle Group.
Terms of the deal were not fully disclosed, but Meggitt said Monday it expected to pay 408.4 million pounds ($748.7 million) in cash for its part of the acquisition, the Aerospace Design and Manufacturing division, based in Coventry, England.
Associated Press