Business

Gas prices rise in the area

WARREN — Gas prices across Northeast Ohio are 11 cents higher this week at $2.08 per gallon, according to AAA East Central’s Gas Price Report. In the Warren-Youngstown area, the average price is 2 cents less at $2.06 per gallon and in Niles, the average price is $1.98 per gallon. Last ...

Arconic reports fourth-quarter earnings

WEATHERSFIELD — Arconic, which has a facility in the township, reported Tuesday a fourth-quarter dividend of 6 cents per share on the outstanding common stock and a dividend of 93.75 cents per share on Arconic’s $3.75 cumulative preferred stock. Arconic, which makes makes aluminum, ...

Cortland Bancorp surges

After losing 18 cents in trading Monday, Cortland Bancorp surged in trading Tuesday, rising 53 cents to close at $20.10 per share. First Niles Financial held steady to close at $7.75 per share.

Local bank stocks show mixed results in trading

Cortland Bancorp closed at $19.57 per share Monday, down 18 cents from Friday’s closing. First Niles Financial, meanwhile, gained 1 cent to finish at $7.75 per share.

Business briefs

HOME SAVINGS HELPS UNITED WAY: Home Savings has donated $60,000 to the United Way of Youngstown and the Mahoning Valley to support the organization’s Success After 6 initiative, Young Women’s Mentorship Program, Promising Men’s Mentorship Program, and Volunteer Income Tax Assistance ...

Newton Falls native named St. Elizabeth’s president

YOUNGSTOWN — Architecture’s loss is health care’s gain. It was in high school in Newton Falls that Kathleen Harley, then Kathleen Layshock, considered architectural drawing as a career, supplanting childhood thoughts of becoming a nurse. But whatever she wanted to do post-high school, ...

Local bank stocks holding steady

After losing a quarter in trading Thursday, Cortland Bancorp held steady Friday to close at $19.75 per share heading into the weekend. First Niles Financial stayed at $7.74 per share for the fourth day in a row.

Huntington Bancshares Inc. reports net income of $1.4 billion

WARREN — Huntington Bancshares Incorporated reported Thursday a 2018 net income of $1.4 billion, an increase of 17 percent from 2017. Earnings per common share for the year were $1.20, up 20 percent from the prior year. Net income for the fourth quarter of 2018 was $334 million, a 23 ...

Unemployment rose in Valley

WARREN — Unemployment rates in Trumbull and Mahoning counties and in Warren and Youngstown were up in December from the previous month, according to jobs numbers released Wednesday by the state. In Trumbull County, the rate rose to 6.6 percent from 5.8 percent in November and in Mahoning ...

November sales tax receipts increase

WARREN — Trumbull and Mahoning counties for the second month in a row saw a year-over-year increase in sales tax collection in November, but both in 2018 lag behind the 11-month totals from the prior year. Trumbull County received $1.99 million in November 2018, up about $110,000 from the ...

Home Savings Bank’s parent releases earnings

WARREN — United Community Financial Corp., the parent company of Homes Savings Bank, announced Wednesday a net income of $9.6 million, or 19 cents per diluted common share, for the last quarter of 2018. In comparison, for the same three-month period that ended in December 2017, the ...

Local gasoline prices hold steady in Mahoning Valley

WARREN — Gas prices in the Warren / Youngstown area are holding steady this week at $1.95 per gallon, about 2 cents less than the average across Ohio, according to AAA East Central’s Gas Price Report. The average price for a gallon in Niles is also $1.95. Across northeast Ohio, the ...

Local bank stocks hold steady

After the long holiday weekend, local bank stocks stood pat in trading Tuesday, with Cortland Bancorp closing at $19.22 per share and First Niles Financial closing at $7.74 per share.

Business briefs

FORMER DISNEY EXEC JOINS YSU: Jeanne Mosure, former senior vice president and group global publisher of Disney Publishing Worldwide, will serve as the first executive in residence of the Williamson College of Business Administration at Youngstown State University. In the role, Mosure will ...

Cortland Bancorp continues climb in trading Friday

Cortland Bancorp gained seven cents in trading Friday, adding to its nickel gain Thursday, to close at $19.22 per share heading into the long holiday weekend. First Niles Financial held steady for a second day, closing at $7.74 per share. The stock market is closed Monday for Martin Luther King ...

Youngstown hosting job and education fair Friday

YOUNGSTOWN — A job and education fair will be 10 a.m. to 2 p.m. Friday at the Center for Community Empowerment at Rockford Village on Dogwood Lane. The event, conducted by the Youngstown EnVision Center, will have employers with job openings and educational opportunities, including in the ...