Business

Questions hang over VW’s future

FRANKFURT, Germany - Volkswagen's patriarch has left the building. Does this mean change is coming to the world's No. 2 automaker - in particular, to its high-cost ways of doing business?Ferdinand Piech shaped the company's destiny for more than 25 years. He rescued Volkswagen's fortunes as CEO ...

Dr. Oz switches radio distributors

LOS ANGELES (AP) - Dr. Mehmet Oz's radio show, "The Daily Dose with Dr. Oz," is getting a new home.Oz struck a deal with iHeartMedia that will begin later this year, according to a release this week from Oz and the Texas-based company.It will involve more projects than "The Daily Dose," but ...

Shale leases

Mineral rights leases recorded in Trumbull County April 1 - 30: (Mineral rights leased inside a municipality are listed by the encompassing township.)April 16SNYDER, PETER J. / SNYDER, KIMBERLY A. to NEW PAR / VERIZON WIRELESS-DBA, acr: 0.2300, township: MECCA.April 13WARREN DOHP X LLC to ...

Cruze sales slip again

Staff, wireNorth American sales slipped again in April for the Lordstown-built Chevy Cruze, falling 3.7 percent to 20,947 from 21,752 a year ago.Year-to-date, the small sedan is down 6.2 percent to 81,539 from 86,937.Still, General Motors boasted a 5.3 percent increase in overall deliveries of ...

Glunt acquires Niles Timken plant

WARREN - Glunt Industries Inc. has acquired the Niles plant of Timken Industrial Services and its approximately 30 employees, the company announced Friday.The move will provide Warren-based Glunt a fourth manufacturing facility, this one at 1819 N. Main St., Niles.A statement released by Glunt ...

GM announces $5.4B in plant investments

General Motors on Thursday announced plans to invest $5.4 billion in U.S plant improvements over the next three years - including $783.5 million earmarked for three Michigan facilities."These investments are evidence of a company on the move, strategically investing in the people, tools and ...

Business & labor at a glance

Ferry returns to VEC as acting presidentGIRARD - Rex Ferry, owner and CEO of VEC Inc., will resume the role of president and run the company's day-to-day operations, effective July 1.The move will coincide with the departure of Chris Jaskiewicz, who has been with the company since 1995, serving ...

Cedar Fair reports record 1Q revenues

Cedar Fair Entertainment Co. at its Cedar Point amusement park in Sandusky on Wednesday reported record revenues for the first quarter of 2015, with a 16 percent increase over the same period last year.The company reported net revenues of $47 million for the first quarter that ended March 29, ...

Stocks drop on economy news

NEW YORK (AP) - News that the economy skidded to a near halt in the first three months of the year helped push the stock market lower on Wednesday.Battered by harsh weather, plunging exports and sharp cutbacks in oil and gas drilling, the overall economy grew at a barely discernible annual rate ...

Commission renews trade rules for China

The U.S. International Trade Commission has renewed anti-dumping and countervailing duty orders on oil country tubular goods coming from China.The commission on Tuesday "determined that revoking the existing anti-dumping and countervailing duty orders on oil country tubular goods from China ...

Vallourec sales drop 17.2 pct.

The parent company of Vallourec Star in Youngstown announced a 17.2 percent drop in sales for the first quarter 2015 compared to the same period last year.France-based Vallourec, which makes tubular products, reported sales results of $1,175 million in the first quarter of 2015 compared to ...

No change in local bank stocks

First Niles Financial remained at $8.50 a share at close on Wednesday and Cortland Bancorp stayed at $15 a share.

AT&T fires president over racist text; lawsuit goes on

LOS ANGELES (AP) - AT&T has confirmed that it has fired Aaron Slator, a president who became the subject of a $100 million discrimination lawsuit for using his work phone to send racially offensive images.AT&T said in a statement that Slator has been terminated, saying that ...

Consumer confidence slides in April

WASHINGTON - U.S. consumer confidence fell this month to the lowest level in four months, knocked down by a slowdown in hiring.The Conference Board said Wednesday that its consumer confidence index fell to 95.2 in April from 101. 4 in March, the lowest reading since December's 93.1.Consumers' ...

Business and labor at a glance

Area bank stocks remain at $15 a share on?TuesdayFirst Niles Financial remained at $8.50 a share at close on Tuesday and Cortland Bancorp stayed at $15 a share.Genetic testing moves into world of employee healthYour employer may one day help determine if your genes are why your jeans have ...

Ford’s 1Q net income falls on strong dollar, lower sales

DEARBORN, Mich. (AP) - Ford's net income fell in the first quarter, hurt by lower sales of key vehicles like the F-150 pickup and a stronger U.S. dollar.But the Dearborn automaker says the picture should improve as the year progresses, and it's still aiming for a full-year pretax profit of $8.5 ...

No change in bank stocks

First Niles Financial remained at $8.50 a share at close on Monday and Cortland Bancorp stayed at $15 a share.

Business in brief

New Businesses FIRST STEP RECOVERY PLANS RIBBON CUTTING: First Step Recovery, a new drug and alcohol detox and treatment center in Warren, will open its doors with a ribbon cutting 11 a.m. to noon May 4. NEW PHOTO STUDIO TO OPEN AT EASTWOOD MALL: The Picture People, a new 1,800 square foot ...

Thousands of ladies in Trumbull are the boss

Doris Metzenroth recalls the time a customer questioned her wisdom, she believes, because she was a woman running a business in an industry traditionally dominated by men."He questioned my judgment on what he needed, what I thought he would want, and said he wanted to talk to the mechanic, who ...

Allegiant: Nearly 90 percent increase in operating income

Tribune ChronicleAllegiant Travel Co., which provides commercial air service at the Youngstown-Warren Regional Airport in Vienna, reported an 88.7 percent increase in its operating income the first three months of the year compared to the same time period last year.The Las Vegas-based company, ...