Business & Economy

Companies around the world are embracing what might seem like a radical idea: a four-day workweek.

The concept is gaining ground in places as varied as New Zealand and Russia, and it's making inroads among some American companies. Employers are seeing surprising benefits, including higher sales and profits.

Leslie Wexner receives the Woodrow Wilson Award in July 2008.
Union20 / Wikimedia Commons

Thursday brought an end of an era in the fashion world and in Central Ohio.

Columbus-based retailer L Brands announced that CEO Les Wexner is retiring and the company is selling off lingerie company Victoria’s Secret.

Forever 21, the fast-fashion mall standby that filed for bankruptcy last year, will live on. Three companies announced Wednesday that they are jointly acquiring the retailer aimed at young shoppers and that they plan to continue to operate its U.S. and international stores.

The buyers are Authentic Brands Group, which owns major brands such as Barneys New York, Aeropostale and Nine West; and real estate companies Simon Property Group and Brookfield Property Partners.

People walk past a Verizon store in Manhattan's midtown area, in New York.
Bebeto Matthews / Associated Press

Verizon has announced plans to lay off almost 500 workers in Hilliard by this spring.

Les Wexner
Jay LaPrete / AP

Columbus-based L Brands announced Thursday that longtime CEO Les Wexner is stepping down from his position, while the company sells off a majority stake in lingerie brand Victoria's Secret to a private equity firm.

State and local governments spend billions of dollars hiring contractors for goods and services, but most of those contracts go to white-owned businesses, not minority contractors — despite decades of affirmative action and other policies meant to make up for disparities.

House Democrats are trying to create a tool that could make it easier for people to report potential wage discrimination. They believe an anonymous hotline would shine a light on unreported disparities.

Independent bookstores aren’t just back, they’re thriving. As other small retailers struggle to compete with big box stores and online shoppers, how do indie booksellers continue to attract and maintain a loyal base of customers?

Tech Tuesday: Scrutinizing Company Mergers

Feb 18, 2020
Google sign at its headquarters in Mountain View, Calif.
Marcio Jose Sanchez / AP

In an unusual move, the Federal Trade Commission ordered five big tech companies to turn over information about smaller companies they’ve acquired since 2010.

Updated at 10:30 a.m. ET

The Boy Scouts of America has filed for bankruptcy, a sign of the century-old organization's financial instability as it faces some 300 lawsuits from men who say they were sexually abused as Scouts.

The organization says it will use the Chapter 11 process to create a trust to provide compensation to victims. Scouting programs will continue throughout.

Wedding cake
SvetikSys / Pixabay

The New Albany location of Utah-based NOAH's Event Venue closed suddenly this month, after the company declared bankruptcy last year.

Skilled Trades

Feb 7, 2020
Mac Connor is now an automotive technician for COTA after graduating from Fort Hayes Career Center.
Rivet / WOSU

Skilled trade jobs pay well, are in demand and fulfill the requirement of a career for many people. 

But the skilled trades often are overlooked by graduating high-school seniors. 

After almost 10 minutes of standing in line at a coffee shop, Ritchie Torres realized he only had cash in his pocket — a form of payment no longer accepted by this store.

"It was a humiliating experience," he said. "I remember wondering aloud, how could a business refuse to accept cash, which is legal tender?"

Harley Blakeman created HonestJobs to connect people with criminal records to jobs.
Harley Blakeman / Twitter

Ohio State graduate Harley Blakeman, 28, overcame some self-inflicted hurdles, and is now an entrepreneur who wants to help others who made similar mistakes.