SNACK FOODS

Shearer’s seeks new CEO

Shearer’s foods is looking for a new chief executive officer, Crain’s Cleveland Business reported.

Former CEO C.J. Fraleigh recently left the company and former President Scott Smith is serving as interim CEO of the snack foods maker based in Massillon.

TREE TRIMMING

Asplundh to pay huge fine

A suburban Philadelphia tree-trimming company whose orange trucks are a familiar sight in communities throughout the United States will pay a record fine after pleading guilty in a scheme to employ thousands of people in the country illegally. 

Asplundh Tree Expert Co. of Willow Grove, a utility contractor best known for pruning and removing trees around power lines, pleaded guilty Thursday to a federal criminal charge and was ordered to pay a total of $95 million. Prosecutors called it the largest monetary penalty ever levied in an immigration case.

The U.S. attorney’s office in Philadelphia said Asplundh employed thousands of unauthorized workers between 2010 and 2014, its top management remaining “willfully blind” while lower-level supervisors hired people they knew were in the country illegally.

STREAMING VIDEO

Roku IPO shares reach $23.50

TV streaming startup Roku popped in its public market debut Thursday, with its shares climbing nearly 68 percent.

The company was trading at $15.78 when the market opened and, by the time the market closed Thursday afternoon, Roku’s shares had jumped to $23.50 — above the $14 per share price the company set the day before.

“This is an exciting day — an important milestone for Roku, but really just the beginning, obviously, in our quest to power the world’s TVs,” Roku founder and CEO Anthony Wood said before ringing the opening bell at the Nasdaq building in New York’s Times Square. “We’re looking forward to the future where all TV is going to be streamed, and Roku is going to be, and is, the leading platform for streaming TV.”

FURNITURE

Ikea buying assembly service

Ikea is making moves so you don’t have to assemble a sofa or bookcase yourself. The furniture seller said Thursday that it is buying online on-demand services platform TaskRabbit, which lets users hire people to help them move, clean up the house or assemble furniture. Much of Ikea’s furniture requires customers to screw together table legs, bedframes and dining room chairs.

Ikea said it tested TaskRabbit in its stores in London last year and plans to roll out the service in U.S. stores and more U.K. locations. More countries may be added later. Before the TaskRabbit deal, certain Ikea stores already provided some independent workers to assemble goods.

As more people shift to shop online, brick-and-mortar stores are looking for ways to offer convenient services to win back customers. Best Buy recently launched a program that sends its employees to customer’s homes to recommend electronics. And department store operator Kohl’s will soon offer services at about a dozen stores through a deal with online retailer Amazon.

Compiled from staff and wire reports.