Business

Local bank stocks unchanged Thursday

Local financial stocks remained unchanged in trading Thursday. After gaining 45 cents this week, Cortland Bancorp stood pat to close at $18.45 a share. First Niles Financial, which gained 50 cents Tuesday, also stood pat to close at $10.50 a share.

Chemical reports net income gain of $47M

WARREN — Chemical Financial Corp., parent company of Chemical Bank, reported net income of $47.6 million, or 67 cents per diluted share, for the year’s first quarter. That compares to net income of $47.2 million, or 66 cents per diluted share, for the quarter that ended Dec. 31, and $23.6 ...

Allegiant reports 1Q net income drop of 42 percent

VIENNA — Allegiant Travel Co., the only commercial airliner operating at the Youngstown Warren Regional Airport, reported a 42.2 percent drop in net income for the year’s first quarter compared to the same time last year. The Las Vegas-based company, in its earnings report released this ...

Boeing beats 1Q profit forecasts but revenue falls

CHICAGO — Boeing topped expectations for first-quarter profit, but the aerospace giant’s sales fell short of forecasts, and the shares fell in Wednesday morning trading. Chicago-based Boeing Co. said that it earned $1.45 billion in the first quarter. Excluding non-repeating gains, the ...

Local bank stocks mixed; Niles stands

Local financial stocks were mixed following Wednesday’s trading. Cortland Bancorp gained another 15 cents, for a total of 45 cents this week, to close at $18.45 a share. After jumping 50 cents on Tuesday, First Niles Financial stood pat to close at $10.50 a share.

UCFC nets $1.5M in 1Q

YOUNGSTOWN — United Community Financial Corp., parent company of Home Savings Bank, reported net income of $1.5 million, or 3.2 cents diluted earnings per share, for the year’s first quarter. This included $3.3 million of costs, after tax, related to the acquisition of Premier Bank and ...

Unemployment up over a year ago

WARREN — Area unemployment rates rose about 2 percent in March over where they were the same month last year. The overall jobless rate in the metropolitan area made up of Trumbull and Mahoning counties was 8.9 percent last month compared to 7 percent in March 2016, according to the Ohio ...

Lawmakers support Ohio native as U.S. trade rep

Two Ohio lawmakers helped move the president’s nomination of Ashtabula native Robert Lighthizer as U.S. trade representative through the Senate Finance Committee. U.S. Sens. Sherrod Brown, D-Ohio, and Rob Portman, R-Ohio, both members of the committee, pledged to work with Lighthizer to ...

Arconic reports revenue increase

WEATHERSFIELD — Arconic Inc. reported a revenue increase of 4.5 percent for the first quarter of 2017 over the same period last year. The New York-based company, which has a plant in Weathersfield, reported revenue of $3.2 billion for the quarter that ended March 31. The company said ...

Local bank stocks gain; Niles jumps 50 cents

Local financial stocks rose in Tuesday’s trading. Cortland Bancorp added a dime to the 20 cents it gained the prior day to close at $18.30 a share. After remaining stagnant the past few weeks, First Niles Financial jumped 50 cents to close at $10.50 a share.

Valley gas prices remain steady

WARREN — Although Ohio was among 10 states to see the biggest jumps in fuel prices on Monday, the average cost for a regular gallon of gasoline in the Mahoning Valley remained consistent the past week. Consumers paid about $2.28 for a gallon of regular gasoline in the Warren-Youngstown ...

Local bank stocks mixed; Cortland gains

Local financial stocks were mixed following trading on Monday. Cortland Bancorp gained 20 cents to close at $18.20 a share, while First Niles Financial closed at $10 a share, where it has stood more than two weeks.

Business briefs

JULIA’S RECEIVES AAA FOUR DIAMOND RATING: Julia’s Bed and Breakfast, 6219 W. Liberty St., Hubbard, has received a Four Diamond Rating from national auto club AAA. The establishment is among 1,615 hotels and 665 restaurants that made the AAA Four Diamond lists for 2017. REAL LIVING ...

Tiny Oregon town for sale

TILLER, Ore. — In the tiny, dying timber town of Tiller, the old cliche is true. If you blink, you might actually miss it. But these days, this dot on a map in southwestern Oregon is generating big-city buzz for an unlikely reason: Almost the entire town is for sale. The asking price of ...

Credit score calculation set to change

Big changes are coming to how one’s credit score is calculated, particularly when it comes to applying for a credit card. The changes will be good news for some. “The reason is they have not really updated this formula in a long time,” said Brian Davis, assistant vice president and ...

Tax deadline missed; now what?

Internal Revenue Service The tax deadline for most taxpayers was last Tuesday. Even so, there are those who watch tax day come and go without filing their tax returns. If you fall into that category, the Internal Revenue Service has some advice for you and other taxpayers who missed the ...

Local bank stocks stand ground

After losing more than $1 throughout the week, Cortland Bancorp held steady in trading Friday to close at $18 per share. First Niles Financial remained at $10 a share, where it has stood for several weeks.

Local financial stocks finish mixed

Local financial stocks were mixed following trading Thursday. Cortland Bancorp continued its downward slide, falling 5 cents after losing $1.04 earlier in the week, to close at $18 a share. Meanwhile, First Niles Financial closed at $10 a share, where it has stood the past few weeks.

Huntington sees net income jump in 1Q

WARREN – Huntington Bancshares Inc. reported a 21 percent jump in net income during this year’s first quarter compared with the same period in 2016. The Columbus-based company said Wednesday its net income at $208 million was $37 million over what it was the year-ago quarter. ...

Local bank stocks mixed; Niles stands

Local financial stocks were mixed following trading on Wednesday. Cortland Bancorp added another 60 cents to the 44 cents it lost on Tuesday to close at $18.05 a share, while First Niles Financial stood pat to close at $10 a share.