reLink moving to Summit,
plans to double staff size
Aurora-based health care solutions company reLink Medical announced Monday it will move its headquarters to Twinsburg Township and add 30 positions, doubling its current workforce.
The company helps hospitals and health systems dispose of excess and out-of-service medical equipment in ways that reduce waste, increase equipment reuse and comply with environmental and privacy regulations.
The move was necessitated by reLink's strong sales growth, the company said in a news release. The company had considered other out-of-state options, but township and Summit County officials along with local, regional and state economic development teams including JobsOhio, Team NEO, the Greater Akron Chamber, BioEnterprise and JobsOhio worked with reLink to keep it in the region.
Wells Fargo's student charges
are highest, new report finds
Wells Fargo charges students the most in fees on average to have a bank account, according to a government report.
The report authored by the Consumer Financial Protection Bureau and released late Friday showed that students paid an average of $46.99 in fees to Wells Fargo over 12 months. That's nearly double the fees charged students by TCF National Bank and U.S. Bank, which ranked second and third.
The CFPB report focused on what are known as college-sponsored accounts, for which a bank often pays money to a college or university to market their accounts to students when they arrive on campus.
Banks that paid colleges to promote their products had an average fee of $36.52 while banks that didn't do paid promotion had an average fee of $11.93. The fees calculated by the CFPB included both account maintenance fees and overdraft fees.
October job openings climb
to second-highest on record
The number of open jobs rose in October to the second-highest on record, evidence that U.S. employers remain determined to hire despite ongoing trade disputes and rocky financial markets.
The Labor Department said Monday that the number of job openings increased 1.7 percent to a seasonally adjusted 7.1 million. That is not far from the record of 7.3 million reached in August.
The number of people hired also climbed while the ranks of those who quit their jobs fell slightly.
Qualcomm says China court
banning some iPhone models
U.S. chipmaker Qualcomm says it's won an order in a Chinese court banning some Apple phones in China as part of a long-running dispute over patents.
Qualcomm said Monday that the Fuzhou Intermediate People's Court in China has granted preliminary injunctions ordering four Chinese subsidiaries of Apple to stop selling and importing iPhones.
It's not immediately clear what the full scope of the ruling is. While Qualcomm says the ban covers iPhones 6S through X, Apple says all iPhone models remain available for customers in China.