Business

Racino’s owner posts gains in third quarter

Tribune Chronicle AUSTINTOWN — Penn National Gaming Inc., which owns Hollywood Gaming at Mahoning Valley Race Course, reported net revenues of $806.2 million for the year’s third quarter — up from $765.6 million for the same period in 2016. The Wyomissing, Pa.-based company posted ...

Huntington has 116 percent increase in net income in 3Q

Tribune Chronicle WARREN — Huntington Bancshares Inc. reported an increase of 116 percent in net income for the year’s third quarter. The Columbus-based company said its net income for the quarter that ended Sept. 30 was $275 million. That was up $148 million from the year-ago ...

Local bank stocks finish mixed

After standing pat in trading the prior three days, Cortland Bancorp on Friday added another 25 cents — bringing its total gain for the week to 75 cents — to close at $18.75 per share. First Niles Financial continued its weeklong run to again close at $11 per share.

Farmers National reports net income increase in 3Q

Tribune Chronicle CANFIELD — Farmers National Banc Corp. reported an increase in net income for the year’s third quarter compared with the same period in 2016. The Canfield-based company said its net income for the three months that ended Sept. 30 was $6 million, or 22 cents per ...

No change in local bank stocks Thursday

After jumping 50 cents earlier in the week, Cortland Bancorp stood pat a third day in a row to close at $18.50 per share following Thursday’s trading. First Niles Financial remained flat, where it’s been all week, at $11 per share.

Local bank stocks steady

Cortland Bancorp, which jumped 50 cents earlier in the week, stood pat a second day in a row to close at $18.50 per share following Wednesday’s trading. First Niles Financial remained unchanged at $11 per share.

Area jobless rates up

Tribune Chronicle WARREN — Mahoning Valley saw a year-over-year increase in unemployment rates for September. Last month, the combined jobless rate in Trumbull and Mahoning counties was 7.7 percent, up from 6.2 percent in September 2016, according to the Ohio Department of Job and ...

GM North American revenue drops

Staff, wire LORDSTOWN — General Motors on Tuesday said its North American revenue fell in this year’s third quarter compared to the same period in 2016. The Detroit automaker, which makes the Chevrolet Cruze sedan at the GM Assembly Complex in Lordstown, reported $2.1 billion in its ...

TBEIC tries for connections

Tribune Chronicle WARREN — The Tech Belt Energy Innovation Center will host a new entrepreneurial event aimed at introducing successful entrepreneurs to community startups and the public, The downtown Warren tech center, commonly referred to as TBEIC, will present the first Founders ...

No change Tuesday in local bank stocks

After jumping 50 cents the prior day, Cortland Bancorp stood pat to again close at $18.50 per share following Tuesday’s trading. First Niles Financial again remained unchanged at $11 per share.

HarbisonWalker workers to get raises, signing bonus

WINDHAM — A new labor agreement between HarbisonWalker International and unionized workers at the company’s local plant keeps the pension plan for hourly employees in tact and provides pay increases. Members of United Steelworkers Local 8565-03, in a 73-6 vote, signed off on the contract ...

Arconic reports revenue growth

WEATHERSFIELD — Arconic Inc. reported a 3 percent increase in revenue for the third quarter of 2017 compared to the same period last year. The New York-based company, which operates a plant in Weathersfield, said its revenues of $3.2 billion for the quarter ending Sept. 30 were driven by ...

GM declares dividend

LORDSTOWN – General Motors Co. declared a dividend of 38 cents per outstanding share of common stock for the fourth quarter of 2017. The dividend, declared Monday. is payable Dec. 21 to all common shareholders of record at the close of business Dec. 8. The automaker’s Chevrolet Cruze ...

Local bank stocks mixed

Cortland Bancorp jumped 50 cents in Monday’s trading to close at $18.50 per share, while First Niles Financial again stood pat at $11 per share.

Government survey ranks Ohio No. 7

It’s no surprise to Jonathan Woodford that a new government survey ranks Ohio at No. 7 in the nation when it comes to its number of organic farms. Woodford, who operates SugarWood Acres — the West Farmington farm his great-grandparents established that his family still owns — has seen ...

Getting ready for 2018 tax season

Internal Revenue Service Now that the tax return extension filing deadline has passed, the Internal Revenue Service is advising taxpayers to start getting ready for the 2018 tax season. Taxpayers still have time to take these three steps that could impact their 2017 tax returns: l ...

Bank loans harder to come by for women

NEW YORK (AP) — Getting a bank loan is still a struggle for many women who own businesses. Kirsten Curry has had three rejections in the past six months and is waiting to hear from a fourth bank. Curry, owner of Seattle-based Leading Retirement Solutions, has applied to national banks, a ...

Government survey ranks Ohio No. 7

It’s no surprise to Jonathan Woodford that a new government survey ranks Ohio at No. 7 in the nation when it comes to its number of organic farms. Woodford, who operates SugarWood Acres — the West Farmington farm his great-grandparents established that his family still owns — has ...

Chamber chief named to business hall of fame

Tribune Chronicle YOUNGSTOWN — Tom Humphries, longtime president and CEO of the Youngstown / Warren Regional Chamber, will be inducted into the 2017 class of Cleveland Magazine’s Community Leader Business Hall of Fame Nov. 2 in Cleveland. The Business Hall of Fame, established in 1996, ...

Local banks hold steady Friday

Local bank stocks stood pat again Friday, with Cortland Bancorp closing at $18 per share and First Niles Financial closing at $11 per share.