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March 21, 2023

Cleveland Business News

News

Foot Locker to close 400 stores by 2026

Foot Locker's decision to shut down 400 retail locations follows sales declining 0.3% in the fourth quarter of 2022, and is part of the company's new "Lace Up" business strategy.

By Zach Mentz, cleveland.com

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Business

Which foods have dramatically higher prices now (and what to do about it)

With disruptions, shortages, and a myriad of other factors, it’s no surprise that we’re trying to find ways to penny pinch on our grocery costs like never before.

By Josh Elledge | SavingsAngel.com

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Business

Foxconn sets plans for battery production in Lordstown and Wisconsin

Foxconn has set plans to manufacture electric-vehicle batteries at its plants in Lordstown, Ohio, and Mount Pleasant, Wisconsin

By David Schuyler

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Business

A big-bucks lobbying campaign led to rollback of banking regulations

An unlikely coalition of Republicans and Democrats voted in 2018 to roll back portions of a far-reaching 2010 law intended to prevent a future financial crisis. But those changes are now are being blamed for contributing to the recent collapses of banks.

By Associated Press

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Subscriber Exclusive

Ohio Gov. Mike DeWine defends subsidies for computer chip manufacturers like Intel

In a Washington Post interview, he said U.S. competitors are also doing it.

By Sabrina Eaton, cleveland.com

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News

Student loan forgiveness coming for 3.6 million borrowers; See if you’re impacted by IDR

The U.S. Department of Education is conducting one-time account adjustments for millions of student loan borrowers to "address past inaccuracies" with previous income-driven repayment (IDR) program payments.

By Zach Mentz, cleveland.com

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