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Business

Fabric and craft retailer Joann to go out of business

NEW YORK (AP) — Fabric and crafts retailer Joann Inc., which has been a destination for generations of quilters, knitters and lovers of crafts projects for more than 80 years, is going out of business and shuttering all its stores. The announcement comes after the Hudson, Ohio-based ...

$200,000 grant to support program for minority-owned small businesses

Staff report Mercy Health Foundation has entered into a collaboration to develop better economic opportunities for the Valley’s minority-owned small businesses. The foundation announced Monday it awarded a $200,000 grant to Youngstown-based Intentional Development Group Inc. Funding ...

First Niles announces cash dividend

First Niles Financial Inc., the parent company of Home Federal Savings and Loan Association of Niles, has announced a cash dividend of $.06 per share on common stock and $.07 per share on preferred class A stock for the first quarter of 2025. The dividend will be payable March 21 to ...

Starbucks lays off 1,100 corporate employees

Starbucks plans to lay off 1,100 corporate employees globally as new Chairman and CEO Brian Niccol streamlines operations. In a letter to employees released Monday, Niccol said the company will inform employees who are being laid off by midday Tuesday. Niccol said Starbucks is also ...

Buying less? Thank deinf luencers

The conversation on social media is changing. Platforms and algorithms try to push the next big trend on unsuspecting users. But a new wave of creators — termed “the deinfluencers” — insist true joy comes from living on less rather than more. Deinfluencers reshape how people think ...

Business briefs

AMERICA MAKES LEADERSHIP: America Makes, the National Additive Manufacturing Innovation Institute, has announced its new chairpersons of the Roadmap Advisory Group and the Institute’s executive committee. Andrew Thompson, deputy chief engineer, additive manufacturing, at Northrop Grumman ...