• Updated

President Donald Trump is making plans for a significant aid package for U.S. soybean farmers. The move aims to help them survive China's boycott of American beans, which was sparked by Trump's trade war. Treasury Secretary Scott Bessent says substantial support for farmers is expected to be announced Tuesday. The aid comes amid a tariff war between the U.S. and China, where China has stopped buying U.S. soybeans. Trump plans to discuss soybeans with Chinese President Xi Jinping in four weeks. Farmers are struggling as China orders soybeans from Brazil and Argentina. They prefer trade over aid, hoping for a deal soon.

AP Contributed
  • Updated

CVS Health subsidiary Omnicare has filed for Chapter 11 bankruptcy protection two months after the long-term care business was ordered to pay $949 million when a federal court found it liable for filing fraudulent claims for some prescription drugs. 

  • Updated

The four-woman panel at this quarter’s “Women in Business” event featured three business owners and a local hospital executive, offering insights on achieving a successful career. Panelists included Bev Beery, Lynn Carpenter, Tracie Sanchez, and Krista Schrader, each sharing their journey of making a mark in a traditionally male-dominated world.

  • Updated

The City of Lima and the One Million Cup Lima initiative have joined together to assist small business owners and those looking to start a business. "Acquire," where opportunities meet, is a new networking series that will bring like-minded entrepreneurs together to connect and hear from other professionals about timely topics. The city's Department of Workforce and Small Business Development, along with the One Million Cups program, hopes that local business leaders will attend to "Acquire" information for success.

  • Updated

January 8, 2025, Press Release from the Ohio Department of Commerce: Ohio and 52 state financial regulatory agencies have taken coordinated action against mortgage company Bayview Asset Management LLC, and three of its affiliates, Lakeview Loan Servicing, Community Loan Servicing, and Pingora Holdings (collectively the Bayview Companies). The action follows the discovery of deficient cybersecurity practices and the companies’ failure to comply with the agencies’ examination authority following a data breach that impacted approximately 5.8 million customers, including 138,906 Ohioans.

  • Updated

The holidays are over, and now it is time for the "Santa Shock," when you get the bills for all of your purchases. According to a study conducted by Lending Tree, consumers, on average, incurred a holiday debt of nearly $1,200. The Ohio Division of Financial Institutions tips to reduce your large bill are negotiating a lower interest rate, creating a debt payoff plan, or reducing your spending for normal monthly expenses. Experts say you don't want this year's holiday debt to spread to next year.

  • Updated

It's a game changer that local business owners should take advantage of—that from former Lima business owner Eric Wiechart. When the decision was made to transition "All Service Glass" to his daughter, they sought the services of "Aileron," a non-profit that believes that professional management can empower businesses to thrive. After the transition, Wiechart believed so much in the company and what it did for them that he became a job coach to help other business owners.