LOCAL BUSINESS

Coldwater Creek liquidates

Area Coldwater Creek stores are continuing their liquidation sales following the company’s announcement last month that it would shut down its store and catalog operations.

The women’s apparel retailer — which filed for Chapter 11 bankruptcy protection in April — has area stores at Summit Mall in Fairlawn and First & Main shopping center in Hudson.

The company, headquartered in Sandpoint, Idaho, began as a catalog business 30 years ago and rapidly expanded its number of stores from 2005 to 2007, before the Great Recession hit. The company, which has not reported a yearly profit for several years, had nearly 380 locations.

The liquidation sales began earlier this month. The company has 14 stores in Ohio, all of which are closing. Store workers say they anticipate the stores will be open until July. The other Northeast Ohio stores are in Crocker Park in Westlake, Legacy Village in Lyndhurst and Westfield SouthPark in Strongsville.

LEGAL

Mining scandal alleged

Arch Coal employees at a West Virginia mine are charged with pocketing almost $2 million from vendors in a pay-to-play kickback scheme, federal prosecutors said. U.S. Attorney Booth Goodwin said the widespread setup required vendors to pay kickbacks to Arch Coal employees to do business with the coal company.

Four employees at Arch Coal’s Mountain Laurel mining complex in Logan County are accused of taking kickbacks from 2007 to 2012. Prosecutors said the mine’s former general manager, David E. Runyon, was at the center of the setup. Prosecutors said some companies spent more than $400,000 to maintain lucrative contracts with Arch.

AUTO INDUSTRY

VW announces electric car

For several years, Volkswagen has been watching the race to develop viable electric cars from the sidelines. But this fall, the German automaker will bring its first all-electric vehicle to the United States, a battery-powered version of the venerable Golf, the hatchback that has sold more than 30 million copies globally over six generations. Dubbed the e-Golf, this model uses the same platform and body as gas- and diesel-powered Golfs, which have all been redesigned for the 2015 model year.

RETAIL

Big Lots reports profits

Big Lots reported profits of $3.3 million, or 6 cents per share, for the first quarter, down from $40.3 million, or 70 cents per share, during the first quarter of 2013.

PLANT CLOSING

Motorola stops Texas work

Google’s Motorola Mobility smartphone unit will shutter its Texas factory by the end of 2014, barely a year after it opened with much fanfare as the first smartphone factory in the United States. Motorola Mobility said sales of its flagship handset the Moto X were too weak. The factory employs about 700.

Compiled from staff and wire reports