State smashes record
for new business filings
The Ohio Secretary of State's Office announced Thursday that 13,747 new entities filed to do business in the state last month — the most new business filings in a single month in state history.
In comparison, there were 873 more new business filings in the state of Ohio than in the second highest month of April 2018.
Amazon and Google
reach usage agreement
Amazon and Google are ending their nearly 2-year spat, agreeing to bring their video streaming apps to each other's devices.
Back in 2017, Google pulled its popular YouTube video app from Amazon's Fire TV after the online shopping giant refused to sell some Google products. Amazon has since started to sell Google's gadgets on its site.
Amazon said Thursday that YouTube will appear on Amazon's Fire TV devices and smart TVs in the coming months, but did not give an exact date.
Sears sues former chair
over $2 billion asset loss
Sears Holdings Corp. is suing its former chairman and largest shareholder Eddie Lampert, alleging the billionaire stripped the once iconic company of more than $2 billion in assets.
The lawsuit, which was filed late Wednesday with the U.S. Bankruptcy Court of the Southern District of New York, also names former Sears directors, including U.S. Treasury Steven Mnuchin as well as executives at Lampert's hedge fund ESL.
Sears, which also operates Kmart, filed for Chapter 11 bankruptcy protection in October amid years of massive losses and sales drops. Lampert saved the company by acquiring the assets in a court-approved auction through an affiliate of ESL in February. Unsecured creditors had tried to block the sale, maintaining that Lampert was to blame for the company's downfall.
U.S. sales climb in March
at fastest pace since 2017
U.S. retail sales surged in March at the fastest pace since late 2017, as spending on autos, gasoline, furniture and clothing jumped.
The Commerce Department said Thursday that sales increased a seasonally adjusted 1.6 percent from February, the strongest increase since September 2017.
The gains mark a sharp rebound from a lackluster period of sales dating back to December. It's a sign that the healthy job market has likely made consumers more eager to spend in ways that boost overall economic growth.