Business & Economy

The Northwest Ohio candy company behind Dum Dum lollipops bought the maker of NECCO Wafers and Sweethearts in a bankruptcy auction this week.

Spangler Candy Company, based in Bryan, Ohio, made a winning offer of $18.8 million for New England Confectionery Company of Revere, Massachusetts.

The deal is expected to close Friday.

NECCO filed for Chapter 11 earlier this year after two packaging companies and a logistics firm took it to court over $1.6 million in unpaid debts. 

Jamie Richardson
Nick Evans

White Castle and city leaders broke ground Thursday on a new, $65 million Columbus headquarters. Flanked by a "town cryer" in period costume, a line of dignitaries dug shovel-sized spatulas into the ground next to the burger chain's current home office near Grandview. 

Sherrod Brown
Nick Castele / ideastream

Sen. Sherrod Brown sent a letter to President Trump on Wednesday urging him to stay tough in trade talks with China. That same day, the Senate Banking Committee passed a bill co-sponsored by Brown with a similar goal. 

One out of five Americans say they personally know someone who has been addicted to opioids or prescription painkillers, according to a new report about the economic well-being of U.S. households.

The Federal Reserve report, based on a national survey, also found that exposure to opioid addiction was twice as likely among whites, regardless of education level, as among African-Americans.

Updated at 3:18 p.m. ET

China is cutting tariffs on vehicles from the U.S., but the biggest benefits could go to German automakers — and Tesla, the American electric-car maker.

Chinese President Xi Jinping signaled in a speech last month that the tariff cut would be coming. The foreign ministry confirmed it Tuesday: Tariffs will drop from 25 percent to 15 percent for imported cars. Tariffs on imported auto parts will fall to six percent.

Updated at 7:08 p.m. ET

In a case involving the rights of tens of millions of private sector employees, the U.S. Supreme Court, by a 5-4 vote, delivered a major blow to workers, ruling for the first time that workers may not band together to challenge violations of federal labor laws.

Columbus skyline at dusk
tpsdave / Pixabay

Ohio is increasingly viewed as a business friendly state, according to the latest survey by Chief Executive Magazine. Ohio was ranked 10th among states, an improved showing that suggests Ohio may have shed its Rust Belt reputation.

Nick Evans / WOSU

Standing on a corner in the Milo-Grogan neighborhood, Jack Kakura rattles off commute times—seven to 10 minutes to downtown, 10 minutes to the airport, maybe 15 to Easton.

Kukura, who directs investments for Ohio Capital Corporation for Housing, stands in front of two properties his organization developed a number of years ago and set aside as affordable housing for 30 years.

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