Talent recruitment, relocation guide
Team NEO and City Visitor Communications have published a regional talent recruitment and relocation guide for Northeast Ohio.
The guide provides helpful information about Northeast Ohio for individuals relocating or considering relocation to the area.
It is now available for purchase in printed book format and free online at www.neorelocationguide.com. Both include information about Cleveland, Akron, Canton, Youngstown and the surrounding communities.
Barbie makes doll of US Olympian Ibtihaj Muhammad
The maker of Barbie says it will sell a doll modeled after Ibtihaj Muhammad, an American fencer who competed in last year’s Olympics while wearing a hijab.
Mattel Inc. says the doll will be available online next fall. The doll is part of the Barbie “Shero” line that honors women who break boundaries. Past dolls have included gymnast Gabby Douglas and “Selma” director Ava DuVernay.
Muhammad said on Twitter that she was “proud” that young people will be able to play with “a Barbie who chooses to wear hijab!”
Muhammad, the first American to compete at the Olympics while wearing a hijab, won a bronze medal in fencing at the 2016 Rio Games.
Qualcomm rejects Broadcom’s offer
Qualcomm rejected an unsolicited, $103 billion offer from Broadcom, saying that the proposal is significantly undervalued and that a tie-up between the massive chipmakers would face substantial regulatory resistance.
Qualcomm said Monday that it’s in a unique position to grow on its own.
“We are highly confident that the strategy [CEO Steve Mollenkopf] and his team are executing on provides far superior value to Qualcomm shareholders than the proposed offer,” said Tom Horton, Qualcomm director.
Broadcom’s bid last week represented a 28 percent premium over the closing price of Qualcomm shares Nov. 2, but analysts were expecting Qualcomm to reject the $70-per-share bid.
Broadcom said Monday that it remains committed to pursuing a deal.
Consumer-goods firms lead US stocks slightly higher
The major U.S. stock indexes capped a day of mostly subdued trading with slight gains Monday.
Consumer and household goods companies led the market higher, offsetting losses by industrial and energy stocks.
A batch of corporate deal news also helped put investors in a buying mood. Mattel soared nearly 21 percent on a report that Hasbro offered to buy the rival toymaker.
General Electric slumped about 7 percent after cutting its dividend and releasing a weak forecast for next year.
Selected local stocks
Alcoa Inc., .1243.100.09
Aqua America, .71 36.430.45
Chemical Bank, .2752.370.65
Community Health Sys. 4.28 -0.11
Cortland Bancorp, .2818.850.00
Farmers Nat., .1613.650.00
First Energy, 1.44 34.240.36
First Niles Financial, .1211.000.00
FNB Corp., .4813.110.20
General Motors, 1.5243.580.92
General Electric, .9219.02-1.47
Huntington Bank, .28 13.360.22
JP Morgan Chase, 1.9297.840.33
Key Corp, .3417.930.29
Macy’s, 1.51 19.33-0.65
Parker Hannifin, 2.52 181.31-0.92
Simon Prop. Grp., 6.60160.24-3.51
United Comm. Fin., .12 9.080.09
Selected prices from Monday’s 4 p.m. close.