Business

Business & Labor at a glance

California refinery unit was down before blastTORRANCE, Calif. - A California oil refinery unit that was damaged by an explosion was already offline for unplanned maintenance when the fire occurred, industry analysts said Thursday.The so-called fluid catalytic cracker unit refines gasoline and ...

Average home sales increase in Valley

WARREN - Trumbull and Mahoning counties each saw increases in home sales last month compared to the same time in 2014, according to recent statistics.In Trumbull County, 125 houses were sold in January, up from 110 a year earlier, marking a 13.6 percent increase, according to the Warren Area ...

Halcon reports rise in oil, gas production

Halcon Resources Corp., which has several wells in Trumbull County, reported increases in its oil and gas production for the full year and during the fourth quarter of 2014.The Houston-based energy company, which released preliminary results on Tuesday, estimated its production growth at ...

Business & labor at a glance

Timken declares quarterly dividend of 25 centsNORTH CANTON - The Timken Co. board of directors declared a quarterly cash dividend of 25 cents per share. The dividend is payable on March 6, 2015, to shareholders of record as of Feb. 23, 2015.This marks the 371st consecutive quarterly dividend ...

Business in Brief

MASON?OF?THE?YEAR: Cortland Masonic Lodge 529 has named Terry E. Swauger Mason of the Year at the recent Ladies Night and Awards Night meeting and dinner. Swauger has served as the lodge's worshipful master and was previously district deputy grand master. In the front row from left are Richard ...

D’Urso: Family, bread

NILESDominic D'Urso stops talking, closes his eyes and takes a deep breath.It's that particular scent that carries him back to his youth and the roots of being a baker's son; it brings a smile to his face and puts a sparkle in his eye.For him, it's all about family and bread."We're all in this ...

RTI announces record quarterly, annual sales

RTI International Metals reported fourth quarter and full year 2014 financial results that included record quarterly sales and titanium mill product shipments.Net sales were $211.4 million for the quarter, an increase of 6 percent compared to net sales of $200 million for the same period last ...

Eastwood Mall’s new store lineup to include worldwide clothing retailer

NILES - Consumers will soon see a new lineup of retail stores at the Eastwood Mall Complex as new businesses move into the shopping center.This week, the mall at 5555 Youngstown-Warren Road in Niles announced that fashion retailer H&M will open a 20,000-square-foot store on center court ...

Foundations seek grant applications

The Trumbull Memorial Health Foundation and Western Reserve Health Foundation are accepting grant proposals for programs that serve health needs in Trumbull and Mahoning counties.The foundations, affiliates of the Community Foundation of the Mahoning Valley, set a Feb. 27 deadline for initial ...

Local bank stocks show mixed returns

Local bank stocks saw no change on Wednesday. First Niles Financial stayed at $9.15 a share at closing. Cortland Bancorp closed at $15.61, dropping 4 cents from $15.65 at closing on Tuesday.

First Niles reports earnings increases

NILES - First Niles Financial Inc., the holding company for Home Federal Savings and Loan Association of Niles, reported results for 2014 and final quarter of that year that show earnings increases over the previous year.The company recorded net income of $32,000 for the quarter ended Dec. 31, ...

Dominion to award $1.2M in environmental grants

Dominion Resources, parent company of Dominion East Ohio, is offering $1.2 million in grants to nonprofit organizations through an environmental stewardship initiative.The competitive program is designed to support specific, short-term projects that focus on improving the environment."Funding ...

Two local Radio Shacks among those to be closed

Two local Radio Shack stores are among those marked to be closed as part of the retailer's bankruptcy plan.The Warren store on Parkman Road and the store at the Eastwood Mall in Niles are on a list released by the company that names more than 1,780 locations that potentially could be closed ...

No changes seen in local bank stocks

Local bank stocks saw no change on Tuesday. First Niles Financial stayed at $9.15 a share at closing. Cortland Bancorp remained at $15.65 at closing.

New auto sales up slightly in January

WARREN - New vehicle deliveries in the Mahoning Valley increased by 1.8 percent last month compared to January 2014, according to figures released Monday.New vehicle sales were at 2,343 in January at dealerships in Trumbull, Mahoning and Columbiana counties. At the same time last year, there ...

Hollywood Gaming plays decline

AUSTINTOWN - January marked the slowest month for video lottery plays at Hollywood Gaming at Mahoning Valley Race Course since it opened Sept. 27.The Ohio Lottery Commission on Monday reported that $65 million worth of credits were played on video lottery terminals at the Austintown facility ...

Area gasoline prices on the upswing

Tribune ChronicleWARREN - For the first time in several weeks, the average cost of a gallon of regular unleaded gasoline locally has edged above $2.In Warren on Monday, the average gas price was $2.07 a gallon, according to AAA East Central's Fuel Gauge report.AAA reported that the average per ...

First National Bank picks Krieder to lead NW region

HERMITAGE, Pa. - First National Bank of Pennsylvania, the largest subsidiary of FNB Corp., appointed Frank Krieder as regional president for the bank's northwest region, serving eight counties in northwestern Pennsylvania and northeastern Ohio.Krieder's region includes Trumbull and Mahoning ...

Chamber to host site selection events for elected officials

The Regional Chamber has scheduled two invitation-only, site selection presentations for elected officials, city managers and township administrators.The chamber will explain what companies look for when they consider locating in an area, what local leaders can do to make their communities more ...