Business Briefs

Business Briefs

Public meeting set on composting: Business leaders, eco-entrepreneurs, regulators and agricultural practitioners will gather 1 to 4:30 p.m. Sept. 11 at Fellows Riverside Gardens of Mill Creek MetroParks for a Commercial Composting Outlook meeting. Several speakers are scheduled and topics include identifying and collecting materials; benefits; markets; and profitability. The event is free to the public.

VEC owner is honored: Rex Ferry, owner and CEO of VEC Inc., was presented the National Electrical Contractors Association’s James Robert “Bob” Pritchard Electrical Industry Award at a recent recognition ceremony in Youngstown. It recognizes an individual in a six state area and the District of Columbia who has advanced the electrical contracting industry beyond any normal call of duty or loyalty.

VEC, based in Girard, is the parent company of Valley Electrical and Evets Oil & Gas, both NECA-IBEW Electricians member contractors.

Financial adviser recognized: Darin L. Hasson, financial adviser with Ameriprise Financial, qualified for and attended the 2014 National Conference recently in Boston.

In order to qualify, Hasson had established himself as one of the company’s top advisers, achieving high levels in production, client service and client satisfaction. Hasson’s office is at 950 Windham Court, Suite 2, Youngstown.

DiRusso’s marks 50th year at Fair: DiRusso’s Real Italian Sausage Concessions is marking its 50th year at the Canfield Fair, where it began in 1964 when Augustine “Augie” DiRusso started a concession business. His mother, Adeline DiRusso, was the originator of DiRusso’s sausage recipe.

Upon Augie’s 1993 retirement, nephew Robert DiRusso purchased the manufacturing business, which is located in Youngstown.

People on the Move

W3 Wealth Management adds employee: W3 Wealth Management is adding Christopher Garvin to its company. Garvin, of Cortland, comes to W3 with 14 years experience with Brennan Financial Group.

W3 Wealth Management has offices in Howland, Akron and Beachwood.

New Business Locations

W3 Wealth Management announces move: W3 Wealth Management has relocated its Warren office to Hunter Square, 8700 E. Market St., Suite 7A, Howland, to accommodate W3’s growth. W3 Wealth Management provides personalized financial planning and investment management for families, small businesses and institutions. W3 and its predecessor firm Dumas and Moyer have been working with Mahoning Valley residents for more than 30 years. For more information call 330-856-6345 or visit

Salvation Army store cuts ribbon: The Regional Chamber and Captain Bayode Agbaje last week cut the ribbon on a new Salvation Army Family Store, 444 Boardman Canfield Road, Boardman, between Honda and Goodyear across from the Boardman Plaza.

The nearly 12,000-square-feet of shopping space is filled with bargain-priced clothing, household items, electronics, books, toys, furniture and collectibles. Budget-conscious shoppers will also appreciate the store’s even deeper “Family Day” discounts on Wednesdays.

It brings 12 new jobs to the area. Tax receipts will be provided for donations during store hours. After-hours clothing donations can be dropped in parking lot bins. For more information, call 330-773-3331.

PsyCare hosts reopening: The grand re-opening of the newly expanded Struthers PsyCare office is set for Tuesday.

Struthers PsyCare is a mental health center with counseling, medication management services and case management, offering assessment and treatment of a full range of mental health issues and conditions for adults, kids, families.

TO SUBMIT items for People on the Move, Business Briefs or New Business announcements, email business editor Brenda J. Linert at or submit to the virtual newsroom at

Business briefs

Recaro recalls more than 39,000 child safety seats

DETROIT – Recaro is recalling more than 39,000 child safety seats because they can let a child’s head move too far in a crash.

The recall covers ProSport model 385 seats made from June 16, 2010, to Jan. 31, 2013. The problem happens when the seats are installed with the lower latch anchors and without the top tether.

Recaro will notify owners and provide set of new instructions telling owners not to use the lower latch system with a child weighing 40 or more pounds. The company also will send a new instruction label for the seat.

The problem was discovered in testing by Recaro. The company says in documents sent to U.S. safety regulators that it cannot determine if the problem caused any injuries.

Home Depot 2nd quarter profit climbs 14 percent

ATLANTA – Home Depot’s fiscal second-quarter net income surged 14 percent thanks to a rebound in its spring selling season.

The nation’s largest home improvement retailer also raised its annual profit guidance Tuesday.

Spring is the biggest season for home-improvement retailers, as homeowners and others work on their yards and gardens. While the season started off a bit cold and rainy, weather improved and shoppers headed out to stores to pick up supplies. In particular, purchases over $900 like appliances and water heaters, which account for 20 percent of total U.S. sales, rose 8 percent.

“These results support the view of a continued recovery in the U.S. home-improvement market,” Frank Blake, Home Depot’s CEO, told investors during its earnings call.

Japan’s NSK fined by China in anti-monopoly case

BEIJING – A Japanese auto parts supplier, NSK Ltd., said Tuesday it was fined $28.2 million by Chinese anti-monopoly regulators in an unfolding probe of the industry.

In a statement, Tokyo-based NSK gave no details of the offenses of which it was accused. The company said it was cooperating with authorities.

Regulators have launched a series of anti-monopoly investigations against global automakers and technology suppliers under China’s 6-year-old anti-monopoly law in a possible effort to force down prices.

An official said earlier that 11 Japanese companies in the auto industry violated the law but none had been publicly identified.

First Niles shares unchanged, Cortland rises

First Niles Financial shares remained unchanged in trading Tuesday, closing at $9. Cortland Bancorp rose 14 cents to close at $12.84 a share.

Business Briefs

Business Briefs

YNDC partners with Cortland Banks: Youngstown Neighborhood Development Corporation and Cortland Banks announced a strategic collaboration to provide a mortgage loan program to offer first mortgage financing on homes rehabilitated by YNDC in Youngstown neighborhoods. Cortland Banks has committed $300,000 to the program, which will assist prospective homebuyers. YNDC is a HUD-Certified Housing Counseling Agency offering pre-purchase counseling and home-buyer education to assist prospective home buyers.

People on the Move

Business attorney joins firm: Harrington, Hoppe & Mitchell announced the addition of attorney Denise Glinatsis Bayer, of Canfield, as an associate in the firm. Bayer has more than three years in independent practice, counseling entrepreneurs, middle-market business owners and nonprofit organizations. Her work included entity formation, commercial transactions, contract negotiation and drafting and corporate governance issues. She also has served as in-house counsel for Youngstown-based Cafaro Company and is founder of the The Legal Creative. At HHM she will focus on business and nonprofit formation and organization, business transactions and real estate. Glinatsis earned her bachelor of fine arts degree from Youngstown State University and her juris doctorate from the Case Western Reserve School of Law.

New Businesses

Bank breaks ground: Farmers National Bank broke ground on a new branch office location at 210 W. State St., Alliance, across from the University of Mount Union. The 2,000-square-foot interior will feature non-traditional teller pods and the exterior will include a two-lane drive-through area with ATM access. It is targeted for a late spring 2015 opening.

TO SUBMIT items for People on the Move, Business Briefs or New Business announcements, email business editor Brenda J. Linert at or submit to the virtual newsroom at