Another entertainment venue seeks upgrades, Kroger announces mixed news and more
By Joe Frye
Cleveland-Cliffs unveils hydrogen-related steel line.
The project, which will cost a reported $150 million, will replace the conventional acid-based processing in exchange for a hydrogen recovery unit to recycle hydrogen, according to the steel manufacturer.
You can read more on the Cleveland Business Courier.
Nationwide Area seeks $400 million in state funds.
On the heels of Governor Dewine’s signing of a new state budget which included money for the Cleveland Browns’ new stadium, Nationwide Arena, in Columbus, is seeking state funds to upgrade that venues. As one of the state’s premier concert venue, the owners of the arena hope to tap into funds for sports and culture projects.
You can read more on Columbus Business First.
Kroger’s shares rise, and a batch of executives sell off $12M in company stock.
The stocks rose as the company raised its full-year sales forecast, attributing the rise to “shoppers seeking lower-priced store brands and cheaper alternatives to dining out.” After the announcement, five executives at Kroger sold off $12 million worth of their company’s stock in what the Cincinnati Business Courier called “the second large batch of insider sales in the past three months.”
You can read more on CNBC and The Cincinnati Business Courier.
Kroger to close 60 stores over the next 18 months.
In less positive news for the corporation, Kroger has announced it will close 5% of the Cincinnati-based company’s 1,239 Kroger-branded grocery stores across 16 states, according to CBS News.
You can read more on CBS News.