Business

Disney CFO Jay Rasulo resigns

LOS ANGELES - The Walt Disney Co. said Monday that its chief financial officer, Jay Rasulo, will resign at the end of June, clearing the path for another top executive, Tom Staggs, to succeed Bob Iger as eventual CEO.A new chief financial officer was not immediately named Monday, but Rasulo, ...

Health insurers go big with initial 2016 rate

Dozens of health insurers say higher-than-expected care costs and other expenses blindsided them this year, and they're going to have to hike premiums for individual policies well-beyond 10 percent for 2016.The proposed double-digit hikes would apply to plans sold on the health insurance ...

Airlines try speedier boarding

DALLAS (AP) - Airlines are trying to save time by speeding up a part of flying that creates delays even before the plane leaves the gate: the boarding process.This summer travel season, Delta plans to preload carry-on bags above passengers' seats on some flights. Southwest wants to get families ...

NetJets names new CEO in midst of labor dispute with pilots

OMAHA, Neb. - Berkshire Hathaway's NetJets unit rehired two longtime executives to lead the company in the midst of an ongoing contract dispute with its pilots union.NetJets, which sells partial ownership interests in business jets, said Monday Jordan Hansell is stepping down as chairman and ...

Local stocks mixed

Cortland Bancorp rose 35 cents in trading to close at $15.35 a share on Monday. First Niles Financial bank stayed at $8.50 a share.

Trade agenda faces tough odds

WASHINGTON - After several near death experiences in the Senate, the trade agenda that President Barack Obama is pushing as a second term capstone faces its biggest hurdle yet in the more polarized House.Anti-trade forces have struggled to ignite public outrage over Obama's bid to enact new ...

GM prepares to ‘Cruze’ next generation

LORDSTOWN -The next generation of the much anticipated locally-built Chevrolet Cruze is set to be unveiled June 24.General Motors plans to debut the all-new design of its best-selling small car in Detroit. Although crews have been working on the prototype, the company has remained mum about the ...

Gas rises 4 cents a gallon; big hikes may be ending

CAMARILLO, Calif. (AP) - The average price of gasoline has increased 4 cents a gallon over the past two weeks to $2.84 a gallon.Still, that's a tiny increase compared to the 35-cent jump recorded over the previous five weeks.Industry analyst Trilby Lundberg said Sunday that it's also an ...

Expands

WARREN -Work crews have been at the new Akron Children's Warren West the past several months converting the site into a new pediatric primary care office. Last week, workers installed steel arches and beams on the building's exterior, painted inside the facility and installed floors and ...

Family ‘comes home’ after rebuilding Falls business

NEWTON FALLS - Returning to 40 W. Broad St. was like "coming home" for Blake Suzelis.Suzelis and his family worked three years to restore the fire-torn building that served as the original location of their business, Healthy Treasures. The health food store was started by his mother, Synthia ...

Business briefs

Athena Award goesto hospital presidentBOARDMAN - The president of Mercy Health St. Elizabeth Boardman Hospital is the 2015 recipient of the Athena Award.Genie Aubel was among 16 area women who were nominated for the award. The announcement was made at a dinner Thursday at Mr. Anthony's Banquet ...

L.B. Foster expands Niles facility

NILES - L.B. Foster recently finished a business expansion to its Niles plant in a project that will add about 10 jobs.The 13- to 14-month renovation project expanded space for new departments, according to Bart Peterson, general manager of operations at the plant, 1193 Salt Springs Road.The ...

There’s a new Chick coming to Howland

HOWLAND - The franchise operator of one of Chick-fil-A's newest locations said he has waited 10 years to place a restaurant in the area.With shovel in hand, Derek Emerson joined family, friends, community members and local officials on Wednesday to break ground for the restaurant to be built at ...

Pending U.S. home sales strongest in last 9 years

WASHINGTON - Americans signed contracts to buy homes in April at the fastest pace in nearly nine years, evidence that steady job growth is strengthening the real estate market.The National Association of Realtors said Thursday that its seasonally adjusted pending home sales index climbed 3.4 ...

U.S. jobless aid applications rose last week

WASHINGTON - More Americans sought unemployment benefits last week, though the overall level remains low and points to a healthy job market.Weekly applications increased 7,000 to a seasonally adjusted 282,000, the Labor Department said Thursday. The four-week average, a less volatile measure, ...

McDonald’s to halt sales reports after June results

NEW YORK (AP) - McDonald's is tweaking how it cooks it burgers in hopes of winning back customers.To improve the taste of its food, the chain is toasting its buns longer so sandwiches will be warmer, said McDonald's CEO Steve Easterbrook at the Bernstein's Strategic Decisions Conference in New ...

Unemployment rates decrease

WARREN - Local unemployment rates improved in April compared to the same month last year.Last month, fewer people were jobless in Trumbull and Mahoning counties, and in the area's two largest cities, Warren and Youngstown, according to numbers released by the Ohio Department of Job and Family ...

Drilling cutbacks drag down job growth in oil

Hammered by cheaper oil, drilling firms have laid off workers and dragged job growth lower in states from Texas to North Dakota.In Oklahoma, mining and logging jobs, which mostly include oil and gas drilling, fell for the fifth straight month in April. Texas lost 8,300 jobs in the sector, the ...

Ford recalls nearly 423K vehicles

DETROIT (AP) - Under pressure from U.S. safety regulators, Ford is recalling nearly 423,000 cars and SUVs in North America because the power-assisted steering can fail while they're being driven.The recall covers certain Ford Flex and Taurus vehicles, as well as the Lincoln MKS and MKT from the ...

Local stocks show mixed results

Cortland Bancorp made an attempt to rebound on Wednesday, climbing from $15 a share, where it closed on Tuesday, to $15.25 on Wednesday. The stock had fallen 45 cents Tuesday after previously closing at $15.45 on Friday. Meanwhile, First Niles Financial bank stayed at $8.50 a share.