Midwest Memo: Ohio Voters Clobber Issue 2 In Polls, Icahn Acquires Navistar Stake

Three stories making news across the Midwest today:

1. Ohio’s Issue 2 trails at polls. A Quinnipiac Poll conducted last week showed Ohio voters are likely to vote down Issue 2 by a 25-percent margin, according to The Columbus Dispatch. Such a vote, which would scuttle Senate Bill 5 legislation signed earlier this year, would lead to more questions than answers, says the newspaper. Even if Issue 2 falls, Republicans still believe the state’s collective-bargaining laws need an overhaul. And although polls show fierce opposition to SB5, The Dispatch says there is strong support for portions of it, including merit pay and seniority-based raises.

2. Snyder addresses Michigan’s rail future. Gov. Rick Snyder will deliver the keynote address today at the Michigan Rail Summit in Lansing, a conference that will details the state of rail service in the state. Last week, the governor called for more than $1 billion in infrastructure improvements throughout Michigan. Snyder’s spokesperson, Sara Wurfel, tells our partner station Michigan Radio that Snyder believes “rail is very important to that mix, both passenger and freight.” Michigan recently secured a federal grant to purchase and upgrade 140 miles of track to be part of accelerated service between Detroit and Chicago.

3. Icahn acquires stake in Navistar. Regulatory filings with the Securities and Exchange Commission showed that billionaire investor Carl Icahn has acquired a large stake in Navistar International Corp. The Warrenville, Ill.-based truck-maker released a statement after the documents were made public, saying “Navistar’s board and management team are committed to acting in the best interests of all the company’s stockholders.” Icahn acquired 9.8 percent of Navistar’s stock. Although he’s usually a harsh critic of the companies he acquires, according to the Chicago Tribune, he was optimistic about Navistar. “If you look ahead a few years with Navistar, you see good things,” he told CNBC. Last month, Changing Gears reporter Niala Boodhoo profiled the company, and examined a year’s worth of changes that perhaps preserved jobs in the Midwest and put the company on more competitive footing.