Cleveland, OH
Ohio treasurer announces $30M purchase of Israel bond
COLUMBUS, Ohio — Ohio’s Treasurer Robert Sprague announced in a press release the purchase of a two-year, fixed-rate Israel Bond for $30 million.
The bond matures in two years, on May 1, 2026, at a 5.37% interest rate. The release notes that this replaces previous bonds for the same amount that had matured.
“For thirty-plus years, the Treasurer’s office has turned to Israel Bonds as a way to bring strong returns and balance to its investment portfolio,” Sprague said in the release. “With its long track record of providing competitive rates and timely and reliable repayments, Israel Bonds continues to be a sound investment for Ohio. We’re proud to continue the state’s long-standing history of purchasing these bonds.”
This announcement comes as pro-Palestinian protests erupt on college campuses around the country, including in Ohio.
The release goes on to note that Israel Bonds began in 1951 and, since then, have kept a “perfect record of interest and principal payments.”
It also states that all Ohio treasurers since 1993 have invested in these bonds along with “more than 115 other state and municipal public employee pension and treasury funds.”
“After the purchase, the Ohio Treasury now holds a total of $262.5 million in Israel Bonds, continuing Ohio’s standing as one of the largest government holders of these bonds in the United States,” the release concludes. “This purchase brings Ohio’s total purchases to $357.5 million since Treasurer Sprague took office.”
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Cleveland, OH
Ohio-based JOANN closing more than 500 stores nationwide, multiple Cleveland-area locations
![Ohio-based JOANN closing more than 500 stores nationwide, multiple Cleveland-area locations Ohio-based JOANN closing more than 500 stores nationwide, multiple Cleveland-area locations](https://gray-woio-prod.gtv-cdn.com/resizer/v2/XK46E4Z7JZE4ZKDB3NCY4BZIZA.jpg?auth=9d580f4daf716e14a5c7f9f6fbe3aaa51561aba9e16d90e63e3dcde6b189560f&width=1200&height=600&smart=true)
HUDSON, Ohio (WOIO) – Fabric and crafts retailer Joann is set to close hundreds of stores nationwide, and at least 10 of those are in Northeast Ohio.
The retailer will close 500 stores, leaving just 300 open nationwide.
The closures come as a consequence of the company filing bankruptcy twice within a year.
Joann first filed for bankruptcy in March 2024 as consumers cut back on spending and some pandemic-era hobbies, like crafting.
The second bankruptcy filing happened less than a month ago on Jan. 15, which the company attributed to “sluggish sales and inventory issues.”
However, that number of stores will soon change.
In Northeast Ohio, the following store locations are set to close:
Akron
- 1500 Canton Road
- 3977 Medina Road
East Liverpool
- 15765 State Route 170 Ste 1
Hudson
Medina
North Olmsted
Mayfield Heights
- 1533 Golden Gate Plaza, Suite #153
New Philadelphia
Niles
- 5555 Youngstown Warren Road #14
Sandusky
Youngtown
Layoffs possible for over 1,000 employees of Ohio-based Joann
In documents filed with the Ohio Department of Job and Family Services after the second bankruptcy back in January, the Ohio-based company said it may close facilities in Hudson and West Jefferson.
If that happens, the 1,137 employees who work there would be laid off.
The facilities on the chopping block include their distribution center and corporate offices located at 5555 Darrow Road in Hudson.
The Omni Fulfillment Center located at 1020 Enterprise Parkway in West Jefferson may also close.
“It is possible that the Company may have no choice but to immediately close… and conduct employee separations,” an executive vice president wrote in the documents.
The documents state the layoffs would occur over the next several months.
Copyright 2025 WOIO. All rights reserved.
Cleveland, OH
Person shot and killed at gas station in East Cleveland
EAST CLEVELAND, Ohio (WOIO) – A person was shot and killed at a gas station located at Noble and Nelamere Roads in East Cleveland, according to East Cleveland Chief Lundy.
The shooting happened just after 630pm.
There currently is no other information available at this time.
Check back with 19 News for the latest on this story.
Copyright 2025 WOIO. All rights reserved.
Cleveland, OH
Cleveland blasts Wolves, A-Rod and Lore win owners arbitration – Ingstad Media
![Cleveland blasts Wolves, A-Rod and Lore win owners arbitration – Ingstad Media Cleveland blasts Wolves, A-Rod and Lore win owners arbitration – Ingstad Media](https://www.ingstadmedia.com/wp-content/uploads/2025/02/Website-News-Photo-800-500.jpg)
(Minneapolis, MN) — Alex Rodriguez and Marc Lore are back on track in their quest to own the Minnesota Timberwolves. The pair won an arbitration case against current majority owner Glen Taylor on Monday. Taylor agreed to sell the Timberwolves to Lore and Rodriguez in 2021, but claimed that the pair failed to meet a payment deadline in March of 2024. However, the arbiters ruled that Lore and Rodriguez had satisfied all parameters of the deal and forced the sale to continue. They now have 90 days to make the final payment and receive approval from the N-B-A Board of Governors.
(Cleveland, OH) — The Cleveland Cavaliers raced out to a 16-0 lead and never looked in a 128-107 home win over the Minnesota Timberwolves last night in Ohio. The Cavs held Minnesota scoreless for the first seven minutes of the game and led 30-12 at the end of the first quarter. Minnesota trailed by as many as 26 points in the fourth quarter. Cleveland forward Evan Mobley poured in 28 points and grabbed ten rebounds in the win, while De’Andre Hunter had 12 points in his Cleveland debut. The 43-10 Cavs are on a three-game winning streak. Minnesota star Anthony Edwards had 44 points in the losing effort. The 30-24 Wolves had their three-game winning streak snapped. Minnesota will host the Milwaukee Bucks tomorrow night at the Target Center at 7 P-M.
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