Vermilion firm gets tax abatement for expansion
Coleys Inc of Vermilion receives a 10 year 25 percent property tax abatement for a new 16 000 to 25 000 square foot expansion at 1775 Liberty Ave. The plan includes investing 1 million to 1.8 million and creating at least six new jobs. The agreement was approved by Lorain County Commissioners Vermilion City Council and Vermilion Schools.
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Microsoft tweaks Windows 10 with Fall Creators Update features
Microsoft previews Fall Creators Update to roll out later this year for 500 million Windows 10 devices. Story Remix captions photos and videos while Universal Clipboard lets copy on PC and paste to iPhone or Android devices. iTunes comes to Windows Store aiding students using classroom Windows.
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Macy's slides further as first quarter profits plunge
Macy's posts a 39 percent drop in profits as first quarter sales weaken. The stock sinks about 17 percent to a 2011 low, amid store closures and online competition. Analysts cite mall downturns and weak differentiation versus Amazon and Walmart.
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Slumping Retail Hits Wall Street As Macy’s Drops
Disappointing quarterly results from Macy’s Kohl’s and other department stores spurred a broad market slide with consumer discretionary shares leading declines Macy’s fell 14 percent while Kohl’s Dillard’s and Nordstrom sank. Banks and real estate also declined while oil rose. The Dow S&P and Nasdaq posted modest losses.
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