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For generations of crafters, one beloved fabric store was more than just a place to shop — it was a creative depot. When the company shuttered its final locations last month, loyal customers mourned the end of an era. But its story may not be over. A new acquisition by a major crafts retailer hints at the possibility of a revival — or at least, a reimagining. Michaels, the national arts and crafts chain, has acquired the intellectual property of JOANN, the company announced Thursday. Joann filed for bankruptcy earlier this year and closed its remaining 444 stores in May. "We're honored to have the opportunity to welcome JOANN customers into our creative community and are committed to delivering the selection, value, and inspiration they are looking for at Michaels," said David Boone, Chief Executive Officer at Michaels. The move could allow Michaels to tap JOANN's once-loyal customer base and expand its reach among sewing and fabric enthusiasts. Michaels says it plans to expand its

For the first time as far back as she can remember, Barbara, a Natick (Massachusetts) Patch reader, didn’t plan to color eggs on Holy Thursday. “It makes me sad the egg prices are hindering my religious celebration,” she said in response to an informal Patch survey asking readers if record-high egg prices were scrambling their Easter plans. “I am boycotting eggs til the prices are reduced,” she said. Barbara hasn’t bought eggs since last summer. She has substituted tuna fish or sardines for protein. She also has found it is cheaper to buy muffins at the supermarket than a mix that requires eggs. C., a Temecula (California) Patch reader, is sacrificing the stuffed eggs, a traditional dish at family gatherings. “We have just eliminated eggs completely,” C. said. The two readers aren’t alone as egg prices reached record levels last month, according to the latest government inflation report. The average price for a dozen eggs spiked 5.9 percent from February to March, to

Michaels Cos. Inc. said Tuesday it is planning to hire 15,000 employees for the coming holiday season.

In the face of what was the largest first half decline in the S&P 500 since 1970 and the worst ever start to a year for high yield bonds, short duration credit was not immune. Furthermore, a general concern for shorter-term bonds and a fear of recession has caused a significant shift in the term structure of yields in the short duration credit investment universe.