Business

VAM in full operation at new plant in Youngstown

YOUNGSTOWN - Vallourec Star's new pipe-threading plant on Ohio Works Drive is in full operation, the company announced.The new $81.5 million plant, which is being used by Vallourec subsidiary VAM USA, started producing its first pipes for commercial sale at its new Youngstown plant in early ...

Wingstop soars after market debut

NEW YORK (AP) - Shares of Wingstop Inc. soared Friday after the chicken wings chain said it raised more than $110 million in its initial public offering, the latest debut for a fast casual restaurant.The stock climbed $11.59, or 61 percent, to close at $30.59 on Friday, far above its IPO price ...

Listeria found again in Jeni’s plant

COLUMBUS (AP) - Jeni's Splendid Ice Creams has found listeria in its plant again and has halted production and closed retail shops for the second time since April, the company said Friday.Listeria was discovered during routine swabbing that is part of the monitoring process, and the ...

Recent accounting scandal brings Toshiba woes

TOKYO (AP) - The longtime head of Japan's stock exchange says he is "ashamed" over a recent accounting scandal at electronics and industrial conglomerate Toshiba Corp.Atsushi Saito, CEO of Japan Exchange Group Inc., said Friday he was puzzled by Toshiba's apparent laxity over its accounting and ...

Pontiac Silverdome for sale

PONTIAC, Mich. (AP) - The Pontiac Silverdome is up for sale again, with an asking price of about $30 million.The former home of the Detroit Lions was sold for $583,000 six years ago. Real estate broker Robert Mihelich says the stadium and its property went back on the market recently and has ...

Shareholders support, approve Farmers, National Bank merger

CANFIELD - Shareholders of Farmers National Banc Corp., the holding company for Farmers National Bank, and National Bancshares Corporation, the holding company for First National Bank of Orrville, have approved the merger between the two institutions."I am pleased by both companies' strong ...

U.S. household wealth reaches new high of nearly $85 trillion

WASHINGTON (AP) - A rising stock market and climbing home prices boosted Americans' net worth to a new high in the first three months of the year.The Federal Reserve said Thursday that the value of Americans' stock holdings, real estate and other assets rose to $84.9 trillion from $83.3 ...

Acura recall shows glitch in automatic braking system

Acura has recalled two models because the automatic emergency braking systems can malfunction and put the vehicles at risk of a collision.The recall involves just under 48,000 MDX SUVs and RLX sedans worldwide from the 2014 and 2015 model years and shows how even sophisticated safety technology ...

Menards: Elm Road store to open by late summer

BAZETTA - Local building officials said they are ready to issue the occupancy paperwork Menards needs to open its new home improvement store on Elm Road when the retail chain requests it.But the Eau Claire, Wis.-based company hasn't asked for it yet, said Mike Sliwinski, Trumbull County's chief ...

Price tag for war on Islamic State is $2.7B

WASHINGTON - The U.S. has spent more than $2.7 billion on the war against Islamic State militants in Iraq and Syria since bombings began last August, and the average daily cost is now more than $9 million, the Pentagon said Thursday.Releasing a detailed breakdown of the costs for the first ...

Crowdfunding scams get charged

WASHINGTON (AP) - Federal regulators are going after people who raise money online through crowdfunding sites like Kickstarter and GoFundMe but don't follow through on their promises.In its first case involving crowdfunding, the Federal Trade Commission announced Thursday that it has settled ...

Johnson & Johnson starts project to prevent Type 1 diabetes

TRENTON, N.J. (AP) - Johnson & Johnson has begun a research partnership to find the root cause of Type 1 diabetes and stop the hormonal disorder in its tracks. It's the health care giant's first project under its ambitious initiative to prevent or at least intercept and reduce harm from ...

Natural gas firm asked to show it’s not causing Texas quakes

FORT WORTH, Texas - A natural gas extraction company controlled by energy giant Exxon Mobil sought to prove Wednesday that it is not to blame for a recent rash of small earthquakes in North Texas, telling a powerful state agency that it believes the earthquakes occurred naturally.XTO Energy ...

New vehicle sales down last month

WARREN - Despite overall growth in the auto market nationwide last month, local new vehicle sales declined compared to the same time last year.In Trumbull County, where sales dropped 9.7 percent in May compared to the same month in 2014, dealerships collectively sold 579, down from 641, ...

Nike to become NBA’s uniform provider

NEW YORK (AP) - The NBA says Nike will become the league's official uniform provider beginning with the 2017-18 season.The league said Wednesday it had agreed on an eight-year deal with Nike, which will become the first apparel partner to have its logo appear on NBA uniforms.Adidas is the ...

Wal-Mart violated state minimum wage laws

SAN FRANCISCO (AP) - Wal-Mart could be on the hook for more than $100 million in back pay after a federal judge ruled the company failed to pay California minimum wage to truck drivers for activities that included inspecting and washing their trucks, an attorney said Wednesday.The ruling came ...

Target denies publicly releasing statement via web on buyback plans

NEW YORK (AP) - Target Corp. inadvertently released information about a possible share repurchase plans and dividend boost.A release about the plans appeared on the retailer's website a little after 3 p.m. Tuesday and then disappeared 20 minutes later.The mistake, caused by a human error and ...