Business

Vallourec resumes Houston operations after Harvey

YOUNGSTOWN — Although Hurricane Harvey forced Vallourec to suspend its operations in Houston, workers at the Vallourec Star tube mill on Martin King Luther Jr. Blvd. and VAM USA pipe-threading plant on Ohio Works Drive were not impacted, according to company leaders. “We had no other ...

Gas prices continue to climb

WARREN — Although consumers paid more locally for a gallon of regular gasoline Tuesday than in previous weeks, the cost to fuel up at area filling stations remained lower, on average, than what motorists were paying across the country. Even so, gas prices are expected to continue ...

Covelli’s Panera cafes to help Harvey victims

WARREN — Covelli Enterprises has launched an effort to help Hurricane Harvey victims. The Warren-based company, the largest Panera bread franchisee operating more than 300 locations in seven states, is hosting the Hurricane Harvey relief effort “Chip in for Houston” at all of its ...

Seven Valley leaders receive salutes for accomplishments

The Youngstown Warren Regional Chamber presented six awards to seven Mahoning Valley business leaders during its annual Salute to Business breakfast. Farid Naffah, awarded the Non-Profit Professional of the Year, was the only Trumbull County winner for his work in opening a gastroenterology ...

Flood insurance world-wide

THE HAGUE, Netherlands — The catastrophic flooding unleashed on Texas by Harvey was unprecedented. Elsewhere in the world, flooding associated with wild weather is a challenge confronting all types of communities from coastal cities in Asia to mountain villages in Europe. In the last two ...

Tax overhaul facing resistance

WASHINGTON — President Donald Trump and congressional Republicans have pledged to overhaul the nation’s complex tax code. To slash taxes, they say they’ll curb a web of expensive deductions and credits to allow more revenue to flow to the government. Problem is, they’re likely to run ...

Coastal Americans without insurance

PLANTATION, Fla. — Amanda Spartz nearly did not renew her home’s flood insurance policy after her first year in Florida. Two hurricanes came close to the Fort Lauderdale suburbs last year, but they didn’t hit and her home isn’t in a high-risk flood zone. She figured she could put the ...

Overtime pay rule struck down again

Tribune Chronicle A Texas court Thursday formally struck down the planned expansion of the federal overtime rule, which would have allowed salaried employees earning up to $47,476 a year to receive overtime pay for hours worked over 40 per week. A ruling by the same court had prevented the ...

Local bank stocks remain unchanged Thursday

Local bank stocks remained unchanged for the fourth straight day in trading Thursday, with Cortland Bancorp closing at $17.75 per share and First Niles Financial closing at $10.52 per share.

Bank stocks same

For the third straight day, local bank stocks remained unchanged in trading Wednesday, with Cortland Bancorp closing at $17.75 per share and First Niles Financial closing at $10.52 per share.

Local bank stocks stand pat Tuesday

Local bank stocks remained unchanged in trading Tuesday, with Cortland Bancorp closing at $17.75 per share, while First Niles Financial closed at $10.52 per share.

Focus for independent retailers: Make shopping easy and fun

NEW YORK — When sporting goods retailer evo ships ski boots ahead of the winter season, some will be delivered to the company’s competitors — who will then help evo customers be sure the boots are a good fit. “We’ve reached out to the best independent shops and asked, can you offer ...

Warming Arctic spurs battles for riches, shipping routes

LANCASTER SOUND, Nunavut — From a distance, the northern shores of Baffin Island in the Arctic appear barren — a craggy world of snow-capped peaks and glaciers surrounded by a sea of floating ice even in the midst of summer. Yet beneath the forbidding surface of the world’s fifth ...

Protect against identity theft

Identity theft happens when someone steals personal information for financial gain. Tax-related identity theft happens when someone uses another person’s stolen Social Security number (SSN) or Employer Identification Number (EIN) to file a tax return to obtain a fraudulent refund. Many ...

Local bank stocks mixed at closing

After standing pat three trading days in a row, Cortland Bancorp surged 69 cents Tuesday to close at $17.84 per share. First Niles Financial again stood pat to close at $11.15 per share.

Region sees highest July jobless rate since 2013

WARREN — Last month’s unemployment rate for the region made up of Trumbull and Mahoning counties was the highest it’s been in July since 2013. The month’s combined jobless rate for the two-county metropolitan area was 8.4 percent, according to the Ohio Department of Job and Family ...

New owner takes over Drake Manufacturing

WARREN — Drake Manufacturing Inc. has been sold in a court-ordered receivership to Drake Manufacturing Acquisition LLC, a subsidiary of CW North America Inc. The $2.1 million acquisition was approved Aug. 8 by the U.S. District Court for the Northern District of Ohio. The purchase was made ...

Tribune Chronicle / R. Michael Semple
Lenny Reynolds of Warren fills his truck tank with discounted gasoline at Valley View Food Mart during a Monday morning gas war in Cortland.

Competition sparks Cortland gas war

CORTLAND — Lenny Reynolds speculated whether the gas war between local competing fuel stations would last as long as Monday’s solar eclipse. In the hours leading up to the spectcle, Reynolds of Warren stopped by the newly opened Valley View Food Mart along state Route 46/5 in Cortland to ...

Local bank stocks steady

After fluctuating in trading early last week, Cortland Bancorp remained stable Monday and for the third day in a row stood pat to close at $17.15 per share. First Niles Financial remained flat to close at $11.15 per share.