Business news briefs, May 18: Women’s group to honor advancing leaders – News – Akron Beacon Journal

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ON THE MOVE

Children’s Hospital names

allergy/immunology chief

Brian Schroer has joined Akron Children’s Hospital as director of allergy and immunology. He previously served as a staff physician at Cleveland Clinic Children’s Hospital in pediatric allergy and immunology and as a fellow in allergy and immunology at the Cleveland Clinic.

EVENTS

Reception to honor

women’s advancement

Athena Akron will host a welcome reception to honor women leaders who are new to their positions at 4:30 p.m. Thursday at the Portage Country Club, 240 N. Portage Path.

Traci Buckner, executive director of the Akron Children’s Museum, will deliver the keynote speech. Light refreshments will be served.

Cost is $25 for Athena members (plus $20 for each member-accompanied guest) and $30 for nonmembers. For reservations or more information, go to www.athenaakron.org.

SEMINARS

Follow-up session

for business basics

The U.S. Small Business Administration and the Summit Medina Business Alliance will present “Business Basics Part 2” at 4 p.m. June 5 at the Bounce Innovation Hub, 526 S. Main St. in Akron.

Planning and marketing will be among topics covered during the free course.

Advance registration and parking pass are required. To register, email [email protected] or call 330-375-2111.

RETAIL

Massachusetts mall

faces new setbacks

A troubled Massachusetts mall owned by the Kohan Retail Investment Group has just one national retailer remaining among the dwindling enterprises there, the Berkshire Eagle reported.

A Foot Locker store closed this week at the Berkshire Mall in Lanesborough, leaving a Bath & Body Works and three local retailers in the portion of the complex owned by Kohan. (Target and Regal Cinemas both own their locations at the site.)

The Kohan group, which buys up distressed malls across the country, owns Chapel Hill Mall in Akron — which avoided an electrical cutoff last month after the owner and Ohio Edison resolved overdue utility bills.

The report also said Kohan missed a May 1 deadline to submit his fourth quarterly tax payment for the current fiscal year, after not paying the previous three for the Berkshire Mall.

WALL STREET

Market closes lower

for second week in row

Stocks closed broadly lower on Wall Street on Friday and notched their second-straight weekly loss, as investors were whipsawed by contradictory developments in the Trump administration’s array of trade conflicts.

Technology and industrial companies dropped the most.

The S&P 500 fell 16.79 points, or 0.6%, to 2,859.53. The Dow Jones Industrial Average lost 98.68 points, or 0.4 percent, to 25,764. The Nasdaq composite dropped 81.76, or 1 percent, to 7,816.28.

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