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Business news briefs — March 12

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LOCAL BUSINESS

Job fair in Barberton

The city of Barberton will sponsor a Job and Resource Fair from 10 a.m.-1 p.m. March 22 at the Active Adult Center (YMCA), 500 W. Hopocan Ave.

Candidates are invited to bring resumes. The city said exhibitors scheduled are: Babcock & Wilcox, Barberton City Schools, Metro RTA, Ohio Department of Transportation District 4, KeyBank, Summa Barberton Hospital, the Ohio Means Jobs agency, Stark State College, Liniform and Domino’s Pizza.

The city website is www.cityofbarberton.com and the phone for information is 330-848-6719.

Incubator plans expansion

The Youngstown Business Incubator, which owns four downtown buildings, is seeking $5 million from the state for a fifth to expand its focus on additive manufacturing and business-to-business software.

The organization submitted a proposal to receive money from the state capital budget to renovate the Vindicator’s office building on Vindicator Square and West Boardman Street for an expansion.

Any money received from the state would go toward renovations, using other funding sources to purchase the building, said Barb Ewing, the incubator’s chief operating officer. “We are well-positioned to cobble the money from different sources” to buy the Vindicator building, she said.

Mark Brown, the newspaper’s general manager, said he’s had discussions with incubator officials about selling the building.

EXECUTIVE SUITE

New Kodak CEO

Eastman Kodak Co. named Jeff Clarke, chairman of travel agency Orbitz Worldwide Inc., as its new chief executive officer, replacing Antonio Perez. Before joining Kodak, Clarke, 52, was a managing partner of Augusta Columbia Capital, a private investment firm he co-founded. He had been CEO of Travelport Inc. from 2006 to 2011, overseeing its $4.3 billion sale to Blackstone Group LP and the 2007 initial public offering of the Orbitz unit.

After selling units including its photographic-film business, Rochester, N.Y.-based Kodak emerged from bankruptcy last year as a smaller company making equipment for commercial printing and packaging. Clarke’s experience in working with business customers, including stints as chief operating officer at CA Inc. and executive vice president at Hewlett-Packard Co., will help Kodak in the corporate market, the company said.

AUTO INDUSTRY

Wage hike agreement

Toyota agreed to increase base wages in Japan for the first time since 2008 as the nation’s largest company heads for record profits. The average Toyota Motor Workers’ Union member will earn $26 more in base pay per month, Senior Managing Officer Naoki Miyazaki told reporters.

RETAIL

Dollar Tree suit proceeds

A federal judge is allowing a class-action suit by Dollar Tree Inc. workers to move forward.

The Chesapeake, Va.-based company had asked a U.S. District judge in Norfolk, Va., to break up the group of about 4,000 hourly employees who have sued the discount retailer.

The employees claim Dollar Tree owes them money for time they worked “off the clock.”

The Virginian-Pilot reported that Dollar Tree argued the workers’ experiences varied too much for them to qualify as one representative group. The judge disagreed. The workers claim that they often worked off the clock during meal breaks, to make bank deposits and for other reasons and are owed for that time. They allege that Dollar Tree’s corporate practices violate federal and state wage laws.

DONATIONS

Milken name at GWU

George Washington University will name its public health school for Michael Milken, the 1980s king of Wall Street “junk” bonds who spent 22 months in prison but later devoted himself to philanthropy and advocated for medical research. The university announced gifts totaling $80 million to address public health challenges from Milken and Sumner Redstone, chairman of Viacom and CBS.

Compiled from staff and wire reports


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