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Granite City to Get New Majority Owner

Concept Development Partners, LLC, will purchase $9 million of Granite City's newly issued convertible preferred stock and arrange for $10 million in debt financing, which will allow Granite City to buy back 3 million shares of outstanding common stock from its majority shareholder.

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Local Trucking Co. Owner Charged with Fraud

Marlon Danner allegedly paid out $185,000 to his drivers as a settlement for previously underpaying them-and he then fraudulently obtained more than $120,000 of the funds by telling the drivers that the payment was a mistake.
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