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Business News

Operations at Schwebel’s to end, according to court filing

The Schwebel Baking Company’s efforts to find a new buyer have failed, and the company will halt operations. The news came out of an hourlong telephone status conference Wednesday morning with U.S. District Judge David A. Ruiz in U.S. District Court, Youngstown. “Extensive discussion ...

US stocks rise within 0.5% of their record, even as oil prices keep climbing

NEW YORK (AP) — U.S. stocks ticked higher Wednesday following strong profit reports from BlackRock and other big companies. The tentative gains came as oil prices swung to their highest levels in a month because of the war with Iran. The S&P 500 rose 0.4% after flipping between modest ...

Operations at Schwebel’s to end, according to court filing

The Schwebel Baking Company’s efforts to find a new buyer have failed, and the company will halt operations. The news came out of an hourlong telephone status conference this morning with U.S. District Judge David A. Ruiz in U.S. District Court, Youngstown. “Extensive discussion ...

Massive AI buildout poses latest inflation threat

WASHINGTON (AP) — American consumers — and the Federal Reserve — are being hit with another high-cost headache. The gusher of investment in data centers — likely topping $700 billion this year — to power artificial intelligence has made memory chips, computer processors and other ...

Quaker Steak & Lube cuts Boardman location

Quaker Steak & Lube’s Boardman location has closed to become the second franchised restaurant under the JDK Management Co. umbrella to end operations this month. The business announced the move Monday morning on social media. “After three decades of service in Boardman, including ...