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Schwebel’s workers stay put under new property ownership

The Schwebel’s Baking Co. will continue the business of baking bread following a $6,250,000 transaction involving its two East Midlothian properties. The Mahoning County Auditor’s Office reported the Dec. 22 sale-leaseback on Monday. “No changes,” said Joe DiGennaro, an associate with Chicago-based Stream Capital Partners who was involved in the sale. “It’ll still be a bakery. “They’re not going anywhere. … There was no transition of ownership. It’s still a privately held business.” County records show a mortgage of $4,250,000 and cash disbursement of $2 ...

Paramount’s next target in hostile takeover bid of Warner Bros. is a board of its own making

NEW YORK (AP) — Paramount Skydance is taking another step in its hostile takeover bid of Warner Bros. Discovery, saying Monday that it will name its own slate of directors before the next shareholder meeting of the Hollywood studio. Paramount also filed a suit in Delaware Chancery Court seeking to compel Warner Bros. to disclose to shareholders how it values its bid and the competing offer from Netflix. Warner Bros. is in the middle of a bidding war between Paramount and Netflix. Warner’s leadership has repeatedly rebuffed overtures from Skydance-owned Paramount — and urged ...

DOJ investigation of Fed Chair Powell sparks backlash, support for Fed independence

WASHINGTON (AP) — The Trump administration's criminal investigation of Federal Reserve Chair Jerome Powell appeared on Monday to be emboldening defenders of the U.S. central bank that President Donald Trump wants to bring under his sway. The backlash reflected the bigger stakes of a contest about the fate of the Fed’s independence, the balance of power within the federal government, and the path of the U.S. economy. Trump has long publicly lashed out against Powell for not slashing the Fed's benchmark interest rates to his liking, but the prospect of a criminal indictment was a step ...

Achieve your financial goals in 2026

NEW YORK (AP) — The start of a new year usually brings new motivation to achieve goals like eating healthier or finally cleaning your basement. Many resolutions also focus on financial goals, such as paying off credit card debt, saving for a new house, or simply getting more educated about ...

Canfield native reinvents herself with self-care brand

YOUNGSTOWN — BrookeLynn Cohol, founder of the all-natural skincare and self-care brand Ella Vatour, has launched The Evolution Series. which is her collection of five essential oil blends in support of individuals going through life transitions. The series, introduced for the holiday season, draws from Cohol’s experiences in brand development and essential oils during her time in Los Angeles. She described the blends as “scientifically proven to trigger different mental phases, representing stages of clarity, inspiration, direction, expansion and arrival.” The Canfield native ...

3 big changes for retirement planning this year

For retirement savers and retirees, the new year brings more than the usual inflation adjustments to retirement contributions. The retirement legislation known as Secure 2.0 will also continue to phase in, and the One Big Beautiful Bill Act will have impacts too. Here’s a roundup of three key changes and some moves to consider. Roth-only catch-up contributions for 401(k) investors Thanks to a provision in the Secure 2.0 retirement legislation, high-income earners (with $150,000 or more in FICA income in the prior year) who are over 50 and investing in 401(k) or other company ...