PAINESVILLE, Ohio – More than 200 people lost their jobs on Friday as Core Systems, LLC in Painesville closed its doors for good. The company stopped production at about 8:30 a.m. because of financing issues for Wells Fargo Bank, human resource manager Cindy Hutchison said. Last fall, the company that manufactures plastic products employed 400 […]
Barnes & Noble’s top store executive Mitchell Klipper has told the Wall Street Journal (subscription required) that the company plans the closure of at least 20 stores a year for the next decade. Since 2003, the company has shut an average of 15 stores a year – but it also opened more than 30 per […]
CLEVELAND – A long-time restaurant in downtown Cleveland’s Warehouse District announced Wednesday it is closing its doors at the end of the year. Lindsay Killian, spokeswoman for CraftWorks Restaurants and Breweries, said in a news release that the Cleveland ChopHouse & Brewery will permanently close after Dec. 31. The restaurant, located at 845 West St. […]
CLEVELAND – The Salvation Army Family Thrift Store on Mayfield Road will close its doors at the end of December. For seven years, the store has offered shoppers in the Mayfield community discounted items while supporting the rehabilitation programs of The Salvation Army. Cpt. Patrick Wilson, who oversees The Salvation Army Family Thrift Stores, said […]
PHOENIX – The last batch of Twinkies and other Hostess products was sold to a company in Chicago, according to a Tuesday report. InvestorPlace.com reported that Jewel-Osco, a Chicago-based chain, bought more than 20,000 boxes of Twinkies and 5,000 boxes of other Hostess products, clearing out the entire last batch of Hostess products. Mike Siemenas, […]
CLEVELAND, OH (WOIO) – Embassy Suites in Downtown Cleveland closed hundreds of hotel rooms on Monday. The K&D Group plans to use the Reserve Square East 12th Street building as apartments. The move will turn Reserve Square into one of the largest apartment buildings in downtown Cleveland. 100 people lost their jobs due to the transformation. […]
(CNN) – The company that makes Twinkies, Ho-Ho’s and Wonderbread is officially a bust. A federal bankruptcy judge finalized the liquidation of Hostess Brands, the company that makes the iconic baked goods. As part of the judgment, senior executives involved in winding down the company will receive bonuses ranging from $7400 to more than $130,000. […]
NEW YORK — The future of Twinkies is virtually assured. Hostess Brands Inc. said Thursday that it’s in talks with 110 potential buyers for its iconic brands, which also include CupCakes, Ding Dongs and Ho Hos. The suitors now include at least five national retailers such as supermarkets, a financial adviser for the company said […]
Hostess Brands and the Bakery, Confectionery, Tobacco Workers and Grain Millers’ International Union agreed to mediation on Monday, according to a tweet from CNBC. The agreement will reportedly prevent a Hostess liquidation, which the company announced Friday could be imminent. The Bakers’ Union had been fighting a proposal to significantly cut worker pay and pensions, […]
NEW YORK – Twinkies may never die. Wonder Bread probably won’t either. Even after Hostess Brands announced that it is shuttering its operations Friday, the company, which entered bankruptcy protection for the second time in January, is expected to find buyers for its iconic brands that include Twinkies, Ho Ho’s, Sno Balls, and Wonder Bread, […]
Hostess Brands Inc., the makers of Twinkies, Ding Dongs and Wonder Bread, says it’s going out of business, leading some Americans to stock up on the sweet processed treats in case they disappear from shelves. The stunning announcement is the result of a bankruptcy and labor dispute, the Associated Press reports. More than 18,000 jobs […]
(WOIO) – The University of Phoenix plans to shut down 115 locations across the nation, including two in Northeast Ohio. The Westlake satellite office, which currently only has about 24 students, will stop enrolling students immediately. The Independence branch will also stop enrolling students immediately. The Beachwood location, however, will remain open. The Beachwood branch […]