Broker enters guilty plea

CLEVELAND - A former investment broker imprisoned for cheating clients out of $125 million pleaded guilty Wednesday to charges that he tried to get state investment business with a bribe. Under the plea agreement, Frank Gruttadauria will be sentenced Monday to 41/2 years in prison on charges of bribery, racketeering, theft, money laundering, forgery and election-law violations. The term will run at the same time as his federal sentence. Gruttadauria, 46, was accused of funneling illegal campaign contributions - $7,000 of it allegedly to state Treasurer Joe Deters - through investor clients' funds and through employees whose contributions were reimbursed. AK Steel sells Douglas unit

AK Steel said Wednesday it has completed the sale of its wholly-owned subsidiary, Douglas Dynamics LLC, to DDL Acquisition Corp., for about $260 million after fees and expenses. DDL Acquisition Corp. was formed by a Los Angeles-based investor group. The Middletown steel products manufacturer said it expects the transaction to generate a first-quarter pretax gain of $210 million. Douglas Dynamics makes snow and ice removal equipment.

Engineering firm leases new offices

Lockwood Greene Engineering will relocate its 135-person staff this summer from Cornell Park Drive to Northmark Business Center II office building, both in Blue Ash. The South Carolina-based firm signed a seven-year lease with owner Duke Realty Corp.