ON THE MOVE
Cardiologist joins Children’s
• Akron Children’s Hospital: Dr. Vanessa Hormaza has joined Akron Children’s Hospital’s pediatric cardiology department.
Bank ranked No. 1 in Ohio
Canfield-based Farmers National Bank was ranked 30th nationwide and first in Ohio in Bank Director Magazine’s latest list of top performing banks.
The grades apply to publicly traded banks with assets between $1 billion and $5 billion.
August hiring pace picks up
The pace of hiring in the United States quickened in August, and wages grew at their fastest pace in nine years — evidence that employers remain confident despite the Trump administration’s ongoing conflicts with its trading partners.
The economy added a strong 201,000 jobs, and the unemployment rate stayed at 3.9 percent, near an 18-year low, the government said Friday in its monthly jobs report.
Taken as a whole, the data pointed to a job market that remains resilient even after nearly a decade of economic growth — the second-longest such stretch in U.S. history — and even with tariffs and counter-tariffs on imports and exports looming over U.S. employers that rely on global trade.
Growth reached 4.2 percent at an annual rate in the April-June quarter, the fastest pace in four years.
Even while reporting a robust job gain for August, the Labor Department revised sharply down its estimate of hiring in June and July. The government now says employers added 50,000 fewer jobs in those two months combined than it had previously estimated.
Record month for Cedar Fair
Amusement park chain Cedar Fair LP, operator of Ohio attractions Cedar Point and Kings Island, said Thursday it had record revenues in August and attendance grew by 5 percent, the Toledo Blade reported.
But the boost couldn’t offset a sluggish start to the year that forced the company to trim earlier expectations for full-year revenues.
Between Aug. 1 and Labor Day, “we have experienced strong growth across all aspects of our business, reaffirming our confidence in the resiliency of our business model and the outlook for growth in the business for the long term,” Cedar Fair President and CEO Richard Zimmerman said.
Elder-Beerman could return
A tech company may bring back Elder-Beerman and other brands owned by Bon-Ton Inc. with online shopping sites and physical stores, the Dayton Daily News reported.
If a bankruptcy court approves, Indiana-based technology company CSC Generation Holdings has agreed to pay $900,000 for Bon-Ton’s trademarks, websites, customer lists and other data, according to a court filing in the District of Delaware Bankruptcy Court.
CSC Generation Holdings, which buys and revamps e-commerce sites, outbid Christopher & Banks in an auction about six weeks ago, according to court documents.
Bon-Ton filed for bankruptcy in February, followed by liquidation sales of all of its brands including Bon-Ton, Bergner’s, Boston Store, Carson’s, Elder-Beerman, Herberger’s and Younkers.
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Compiled from staff and wire reports.
Business news briefs, Sept. 8: Bank ranked No. 1 in Ohio
ON THE MOVE