Breaking News

Compass Bar And Grille To Open Soon In French Creek

A new bar and grille is set to open in the town of French Creek at the end of May. Compass Bar and Grille is owned by Elizabeth and Megan Odell-McKinley and will be located at 1789 Old Road. The planned opening day is May 26. The building has been in the area since 1977, last being used as ...

Small Business Owners Feel The Credit Crunch

NEW YORK — When Nat West, owner of cider-making company Reverend Nat’s Hard Cider, decided to supplement his wholesale business by opening a taproom in a bustling neighborhood in Portland, Oregon, he thought getting financing would be a breeze. After all, he was only seeking $50,000, has ...

Tupperware Seeks Money To Stay Afloat

Tupperware Brands, which experienced a resurgence during the pandemic, is now pursuing investors to keep it afloat and is in danger of being delisted by the New York Stock Exchange. Shares of Tupperware Brands Corp. tumbled nearly 50% on Monday after the company said late last week that it had engaged financial advisers to help it secure financing and “remediate its doubts regarding its ability to continue as a going concern.” Sales and profits have steadily fallen the past couple of years after the pandemic breathed new life into the Orlando, Florida-based maker of food storage ...

Why New Grads Shouldn’t Fear A Recession

In 2023 alone, there have been over 118,000 U.S. tech layoffs, according to Crunchbase News, a business publication. That’s in addition to two major bank collapses and two federal rate hikes. The class of 2023 will graduate into this economic upheaval while facing another variable: student loan payments. This can be an overwhelming and confusing time for those set to begin repayment of student debt, says Barry Coleman, vice president of program management and education at the National Foundation for Credit Counseling . Coleman cites the expected end of a three-year pause on federal ...

Hostess CEO Discusses Innovation

Hostess Brands President and CEO Andy Callahan knows that his company —— the maker of Twinkies, HoHos and other snack cakes —— is sometimes the butt of jokes. “A lot of people think a Twinkie has a shelf life of a thousand years,” Callahan said. “It doesn’t. Once it gets to ...

Chasing Big Fish

NEW YORK — Companies from toothpaste makers to even discounters are adding more premium items like designer body creams and services as they reach out to wealthier shoppers who are still spending freely even in the face of higher inflation and a volatile economic environment. Think $10 ...