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Foundations turn to bond market in response to rising need

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As the pandemic's misery continued last fall, foundation leaders like Robert Ross of the California Endowment discovered a way to pump hundreds of millions of dollars to nonprofits working to minimize the damage: The bond market.
With its $300 million bond offering in January, the California Endowment became the latest private f ... (full story)

Kroger is latest victim of third-party software data breach

BOSTON (AP) — Kroger Co. says it was among the multiple victims of a data breach involving a third-party vendor's file-transfer service and is notifying potentially impacted customers, offering them free credit monitoring.
The Cincinnati-based grocery and pharmacy chain said in a statement recently that it believes less t ... (full story)

Goodyear acquires Cooper in all-American tire deal

Two of the biggest remaining American tire companies are joining forces.
Goodyear Tire & Rubber Co. is acquiring Cooper in a deal with an equity value of $2.8 billion that will combine the two century-old Ohio manufacturers.
Cooper, founded in 1914, is the 5th largest tire maker in North America based on revenue. The com ... (full story)

Secondary offering

Q: I read that Zoom Video Communications had a secondary offering. What does that mean? -- T.R., Cedar Crest, New Mexico
A: It means Zoom sold more of its shares to raise money -- in this case, about $2 billion. When a company debuts on the stock market, it usually has an "initial public offering" (IPO), selling shares ... (full story)

House OKs bill to direct $210M for Ohio broadband expansion

COLUMBUS (AP) — Legislation to help expand high-speed internet access in underserved and rural areas of Ohio is getting bipartisan support and fast-tracked consideration at the Statehouse as the coronavirus pandemic increases pressure to address that digital divide.
A measure that would direct $210 million toward increasin ... (full story)