ON THE MOVE

S&T Bank promotes two

to help lead local offices

S&T Bank has promoted Steve Hendricks to executive vice president and market president for the Northeast Ohio region. Chad Carroll has been promoted to executive vice president and director of consumer sales and service.

WORKERS' COMP

State proposes slashing

employer-paid premiums

Ohio's private employers covered by the state's workers' compensation system are in line for another premium cut. And this one is big.

The Ohio Bureau of Workers' Compensation on Thursday proposed a 20 percent cut, the largest cut in nearly 60 years, the Columbus Dispatch reported.

Rates for the 242,000 public and private employers covered by the bureau are at the lowest levels in at least 40 years, the bureau said.

If approved by the agency's board when it meets next month, the cuts would go into effect July 1.

DIGITAL MEDIA

BuzzFeed to cut 200 jobs

in effort to turn a profit

Digital media company BuzzFeed is cutting 15 percent of its jobs, or about 200 people, to trim expenses and become profitable.

BuzzFeed CEO Jonah Peretti wrote employees Wednesday that the layoffs will help BuzzFeed avoid having to raise money from investors again.

The privately held company has not been profitable for several years. It has raised hundreds of millions from investors such as Comcast's NBCUniversal.

Based in New York, BuzzFeed is best known for its viral posts and quizzes and has a well-regarded news division.

AUTOS

GM to invest $22 million

in Tennessee engine plant

General Motors says it plans to invest another $22 million in its Spring Hill, Tenn., manufacturing facility to build more engines.

The automotive manufacturer made the announcement Thursday about the growth at the Spring Hill facility.

The company says the investment will let the plant build 6.2-liter V8 engines with GM's dynamic fuel management technology, which uses 17 cylinder patterns to optimize performance.

AGRICULTURE

Pennsylvania seeks OK

for industrial hemp plan

Pennsylvania is asking the federal government to approve its state plan to regulate industrial hemp growers and has given conditional approval to applicants to start growing it commercially.

The state Department of Agriculture said Wednesday it approved 84 permit applications and that the applicants have until Feb. 1 to pay a fee and sign an agreement.