BUSINESS NEWS DIGEST | Diamond Steel moves to N. Lima

Diamond Steel moves to N. Lima

BOARDMAN

Boardman-based Diamond Steel has moved its operations to North Lima.

Dave Collins, president and owner, cited space concerns as the reason for the move.

The Boardman property measured about 2 acres, and over time, residential neighborhoods had been built nearby.

“As you can imagine, moving cranes and other large objects through [residential] areas wasn’t easy,” Collins said.

Collins purchased 12 acres in North Lima, which he said will give his company room to grow. He declined to comment on the purchase price.

Diamond Steel performs steel erection, machine removal, crane rentals and industrial-maintenance services for companies in Northeast Ohio and western Pennsylvania.

Source: Obama wants heat-aid cut

WASHINGTON

President Barack Obama wants to cut $2.5 billion from a $5 billion home-heating aid program for the poor, a person familiar with his 2012 budget proposal said Wednesday, halving the popular fund as he looks for places to rein in federal spending.

The proposal would cut the Low-Income Home Energy Assistance Program to its 2008 level of about $2.5 billion.

The person discussed the details on condition of anonymity because Obama’s spending outline has not been released formally. The White House plans to send the proposal to Congress on Monday. The plan is for the budget year beginning Oct. 1.

HP unveils webOS tablet computer

SAN FRANCISCO

Hewlett-Packard Co. unveiled its first tablet computer that uses smart-phone pioneer Palm’s technology Wednesday — a skinny black gadget that the companies believe will help them catch up with Apple Inc.’s immensely popular iPad.

Jon Rubinstein, head of HP’s Palm unit, showed off the TouchPad at a media event in San Francisco. It will run the same webOS operating software as Palm’s Pre and Pixi smart phones.

Ford sues Ferrari over use of ‘F-150’

DETROIT

Ford Motor Co. has sued Ferrari in Detroit federal court, saying the sports-car maker has violated its trademark over the pickup truck name F-150.

The suit is based on Ferrari’s naming of its new Formula 1 racing car the “F150” and its creation of the website www.ferrarif150.com.

Dearborn-based Ford says in Wednesday’s filing that its trademark is being harmed, and the suit asks a judge to block Ferrari from using the trademark in the U.S.

Ford also seeks unspecified damages from Ferrari.

A message seeking comment was left for Ferrari officials at the company’s Modena, Italy, headquarters through U.S. spokesman Matteo Sardi.

Ferrari’s website says the “F150” marks the 150th anniversary of the unification of Italy.

Associated Press