Business

Business briefs

DOMINION ARM RECEIVES RECOGNITION: The Ohio Fire Chiefs’ Association presented its 2017 Distinguished Service Award to the Dominion Energy Charitable Foundation, recognizing the organization’s support of training programs for the state’s fire officers. The foundation is the charitable arm ...

No change in local bank stocks; Cortland stabilizes

After fluctuating in trading earlier in the week, Cortland Bancorp stablized on Friday to close for the second day at $17.15 per share. First Niles Financial continued to stand pat to close at $11.15 per share.

Lou-Ida Farms marks 100th year breeding Holsteins

LORDSTOWN — The black-and-white Holstein stood at attention and nudged the familiar hand of the woman who has spent most of her 80 years tending cattle on the 500-plus acres her family has owned for more than 100 years. “My mother loved the cows,” she said softly while lightly ...

Bridging the ‘skills gap’ as jobs go overseas

NORWOOD — Herbie Mays is 3M proud, and it shows in the 3M shirt he wears; in the 3M ring he earned after three decades at the company’s plant in suburban Cincinnati; in the way he shows off a card from a 3M supervisor, praising Mays as “a GREAT employee.” But it’s all ...

Creating structure for new business venture

TAX TIPS Internal Revenue Service If summer plans include starting a business, be sure to visit IRS.gov. The Internal Revenue Service website offers answers to questions on a variety of topics including payroll and income taxes, credits and deductions. New business owners might find ...

Ohio utilities board signs off on FirstEnergy rate hike

COLUMBUS (AP) — Ohio regulators have rejected appeals of an earlier decision that allows FirstEnergy Corp. to impose electricity rate increases for three years. The move will give FirstEnergy an additional $204 million each year. Homeowners using an average of 750 kilowatt-hours of ...

First Niles declares cash dividend for third quarter

NILES — First Niles Financial Inc., the parent company of Home Federal Savings and Loan Association of Niles, has announced a cash dividend of 4 cents per share on common stock and 5 cents per share on preferred class A stock for this year’s third quarter. The dividend will be payable ...

Cortland Bancorp dips

After gaining 30 cents earlier this week, Cortland Bancorp dipped 45 cents in trading Wednesday to close at $17.35 per share. First Niles Financial stood pat to close at $11.15 per share.

Avalon Holdings reports second quarter loss

WARREN — Avalon Holdings Corp. reported a $1 million drop in net operating revenues for the second quarter from the same period last year. The Howland-based company said its net operating revenues for the quarter that ended June 30 were $14.6 million compared with $15.6 million in the ...

Tribune Chronicle / Virginia Shank
Rob Gorham, left, executive director of America Makes in Youngstown, and Ralph Resnick, the institute’s founding director, prepare to blow out the candles Wednesday while celebrating the federal manufacturing hub’s fifth birthday with cake, balloons, displays and demonstrations.

America Makes marks fifth year

YOUNGSTOWN — Not much additive manufacturing was taking place in the area five years ago when America Makes got started, the local institute’s founding director Ralph Resnick said. But, as Resnick explained, within one month of being launched, the federal manufacturing hub moved into its ...

Area home sales down in July from last year

WARREN — Area home sales fell in July compared to the same month last year. There were 176 closed sales in Trumbull County last month, down 8.3 percent from 192 in July 2016, according to the Warren Area Board of Realtors. Year over year, pending sales rose 48.8 percent, from 168 in ...

Area auto sales continue upward trend in July

WARREN — Sales of new and used vehicles rose in July compared to the same month last year. There were 5,016 new and used cars and trucks sold last month in Trumbull, Mahoning and Columbiana counties, according to data from the Greater Cleveland Automobile Dealers Association. That ...

Farmers completes merger

CANFIELD — Farmers National Banc Corp., the holding company for Farmers National Bank of Canfield, has completed the merger of Monitor Bancorp Inc., the holding company for Monitor Bank, with and into FMNB Merger Subsidiary II LLC, a newly-formed, wholly-owned subsidiary of Farmers. “We ...

Local bank stocks mixed

After gaining 15 cents in the prior day’s training, First Niles Financial rose another 15 cents to close at $11.15 per share on Tuesday. Cortland Bancorp, which added 30 cents on Monday, stood pat Tuesday to close at $17.80 per share.

Union local receives mayor’s business award

WARREN — The Laborer’s International Union of North America, Local 935, was given The Mayor’s Business Appreciation Award for the work it has done in the city. The union has spent nearly $500,000 in the redevelopment of its building, 465 W. Market St., which is near in the city’s ...

Local bank stocks start week up

Local bank stocks started the week with gains in trading Monday. First Niles Financial closed at $11 per share, which was an increase of 15 cents. Cortland Bancorp, which lost 40 cents on Friday, gained it back and added 30 more to close at $17.80 per share.

Local bank stocks end mixed

After gaining 50 cents in trading Thursday, First Niles Financial stood pat Friday to close at $11 per share. Cortland Bancorp, which has remained steady all week, lost 40 cents to close at $17.50 per share.

Department store chains see key sales figures fall

Staff, wire reports It’s still a rough time to be a department store. Macy’s, Kohl’s and Dillard’s — which all have stores in Trumbull and Mahoning counties — each said Thursday that a key sales figure fell again in the latest quarter as customers increasingly shop online, at ...

New owners cut a rug at Girard dance hall

GIRARD — The former Kuzman’s dance hall opened Thursday with a new name and under new ownership. Rand Fusselman, who purchased the establishment at 1025 S. State St. in Girard earlier this year, said he chose the name Rolling Mills in honor of the former steel mill that once operated ...

Bank stocks mixed

First Niles Financial ended its two-week trend of standing pat by gaining 50 cents a share in trading Thursday to close at $11 per share. Cortland Bancorp closed at $17.90 per share for the third day in a row.