Business

U.S. to hit Fiat Chrysler with record $105M fine for law violation

DETROIT - The U.S. government will hit Fiat Chrysler with a record $105 million fine next week for violating laws in a series of vehicle safety recalls, a person briefed on the matter said.The National Highway Traffic Safety Administration will reveal the fine on Monday. In addition, Fiat ...

Verizon workers vote to authorize strike, if necessary

NEW YORK (AP) - Verizon workers in nine states have voted to go on strike if necessary over a dispute about a new contract, a union official said at a rally Saturday."Our members are clear and they are determined," said Dennis Trainor, an official with the Communications Workers of America ...

Business and labor at a glance

MERCY HOSPITALS RANKED AMONG BEST: St. Elizabeth Youngstown Hospital, St. Joseph Warren Hospital and St. Elizabeth Boardman Hospital have been recognized among the best hospitals in Ohio for 2015-16 by U.S. News & World Report. The annual U.S. News Best Hospitals rankings, now in their ...

Huntington reports income of $196 million for quarter

Huntington Bancshares Inc. on Thursday reported a net income for the 2015 second quarter of $196 million - a $32 million increase from the same period last year.Earnings per common share for the 2015 second quarter were 23 cents, an increase of 4 cents from the year-ago quarter. Return on ...

Local bank stock prices mixed

Local bank stock prices mixedFirst Niles Financial Bank has held steady in trading since late last week to again close at $9.55 a share on Wednesday. However, Cortland Bancorp lost 25 cents a share for the second day in a row, dropping from $13.75 on Tuesday to $13.25 a share Thursday.

Area jobless rates creeping upward

WARREN - Local jobless numbers inched up 0.2 percent last month to 6 percent from 5.8 percent in May, but remained a full point below the 6.8 percent jobless rate in Trumbull and Mahoning counties reported this time last year.The figures were released Tuesday by the Ohio Job and Family Services ...

No change in bank stocks

First Niles Financial Bank held steady at in trading over the weekend to close at $9.55 a share on Monday. Cortland Bancorp also saw no change, closing at $13.75 a share.

Business briefs

BROOKFIELD EXPRESS MART NAMED RETAILER OF THE WEEK: Brookfield Express Mart was named Ohio Lottery Retailer-of-the-Week for the week of June 29, 2015. The business was recognized on Cash Explosion, the Ohio Lottery's TV game show, on July 4.HOWLAND ALARM CO. OFFERING NEW SECURITY CAMERAS: ...

Farmers National Bank announces two top executive appointments

CANFIELD - Farmers National Bank has announced two top executive appointments.Mark R. Witmer has been named senior executive vice president / chief banking officer, and Tim Shaffer has been promoted to senior vice president / regional president.Previously, Witmer was president / CEO of the ...

Stoneridge aligns with Orlaco

HOWLAND - Locally based Stoneridge Inc. has aligned with a Netherlands company to develop, manufacture and sell electronic mirror replacement systems.The new systems will be targeted initially at the commercial vehicle and off-road transportation markets, according to a joint statement released ...

PNC reports $1 billion net income for second quarter

PNC Financial Services Group reported second quarter 2015 net income of $1 billion, or $1.88 earnings per diluted common share.The earnings results, reported Wednesday, compared with $1 billion of net income and $1.75 diluted EPS in the first quarter of 2015, and $1.1 billion of net income and ...

Local bank stocks show no gains

First Niles Financial Bank held steady at in trading Thursday to close at $9.55 a share. Cortland Bancorp also stood pat, closing at $13.75 a share.

Pizza franchise owner pleads guilty in wage theft case

NEW YORK (AP) - The owner of nine Papa John's pizza franchises in the Bronx pleaded guilty Wednesday to charges including illegally taking wages from his employees, the New York state attorney general said.Attorney General Eric Schneiderman's office said Abdul Jamil Khokhar turned himself in to ...

Charter wants to bid for Time Warner Cable

NEW YORK (AP) - Netflix, a vocal opponent of Comcast's failed bid for Time Warner Cable, supports Charter's quest to do the same in a deal that would create another cable giant.In a filing with the Federal Communications Commission Wednesday, the online video company said it supports the deal ...

Port authority gives John Moliterno 3-year-contract

VIENNA - The Western Reserve Port Authority on Wednesday agreed to pay its new executive director $110,000 a year.John Moliterno's three-year contract allows him to accrue one vacation day a month and provides a "30-day-out" provision for either side to terminate the agreement.The board named ...

Farewell FAO Schwarz

NEW YORK - Tom Hanks danced on a large floor piano there in the movie "Big." Multitudes of children wandered through the aisles over the years, hopped up on sugar from the candy store and wide-eyed with delight at the giant stuffed animals and other toys. And a fair number of parents winced at ...

Greece passes harsh austerity bill despite dissent from left-wing

ATHENS, Greece - Greek lawmakers voted overwhelmingly early Thursday to approve a harsh austerity bill demanded by bailout creditors, despite significant dissent from members of Prime Minister Alexis Tsipras' left-wing party.The bill, which imposes sweeping tax hikes and spending cuts, fueled ...

Northside nurses hold patient care rally

YOUNGSTOWN - The Youngstown General Duty Nurses Association, a constituent of the Ohio Nurses Association, held a rally Tuesday supporting registered nurses who work at Northside Medical Center.Organizers said the focus of the "Safe Staffing, Patient Care Rally" was to bring attention to "the ...

Local bank stocks show no gains

First Niles Financial Bank remained $9.55 a share at closing on Tuesday. Cortland Bancorp stayed at $13.75 a share.