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October 18, 2023

Cleveland Business News

Business

Charter airline based at Akron-Canton airport to reorganize under bankruptcy protection

Ultimate Jetcharters LLC, which does business as Ultimate Jet, has filed for bankruptcy protection

By Mary Vanac

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Business

Red Leader’s X-wing fighter from ‘Star Wars’ tops giant $13M auction of sci-fi memorabilia

The model of the X-wing used in the climatic battle scene for "Star Wars: Episode IV - A New Hope” fetched more than $3.3 million at auction Oct. 15.

By Robert Higgs, cleveland.com

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Travel

Cleveland welcomed nearly 18 million visitors in 2022, almost back to pre-pandemic levels

David Gilbert, president and CEO of Destination Cleveland, noted that visitor growth in Cleveland in 2022 exceeded increases in both Ohio and the United States as a whole.

By Susan Glaser, cleveland.com

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Business

LinkedIn lays off nearly 700 workers as it moves to exploit AI options

LinkedIn says it will lay off about 3% of its workforce as the company optimizes around artificial intelligence.

By Robert Higgs, cleveland.com

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Business

Gas prices are falling in NE Ohio and nationally despite fighting in Gaza Strip

The price of a gallon of gas has dropped below $3 per gallon in some parts of Northeast Ohio.

By Cliff Pinckard, cleveland.com

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News

Major US pharmacy chain Rite Aid files for bankruptcy

Rite Aid said Sunday that it has filed for bankruptcy and obtained $3.45 billion in fresh financing as it carries out a restructuring plan while coping with falling sales and opioid-related lawsuits.

By Associated Press

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