Business

FirstEnergy completes transmission projects

FirstEnergy Corp, as part of its Energizing the Future initiative, completed multiple transmission projects the company says are designed to ensure system reliability following the retirement of coal-fired power plants in the region.To date, FirstEnergy has spent nearly $800 million on ...

Donatos Pizza eyes possible Youngstown areas for stores

YOUNGSTOWN - Donatos Pizza is looking to expand into Mahoning County.The Columbus-based restaurant chain has 154 locations in six states - more than 100 of which are scattered throughout Ohio - and is looking to open as many as five Youngstown area stores over the next few years, the company ...

Canada seeks $3B in tariffs on U.S. products

TORONTO (AP) - Canada has filed a request to impose more than $3 billion a year in tariffs on the United States in the latest move in an ongoing trade dispute.The Canadian government asked the World Trade Organization on Thursday to authorize the punitive measures on a range of American ...

No change in local stocks

For the second day in a row, Cortland Bancorp closed at $15.35 a share on Wednesday. First Niles Financial bank stayed at $8.50 a share, where it has remained steady.

Involta to acquire DRS

YOUNGSTOWN - Iowa-based Involta is set to acquire locally connected DRS.The two companies announced the move jointly on Thursday.The combined operation "positions Involta as a powerhouse in the Ohio market," and gives the company a huge presence in the Cleveland to Pittsburgh corridor with the ...

Bogus buyout offer for Avon

NEW YORK (AP) - Federal regulators say a Bulgarian man was part of a scheme to manipulate the stocks of Avon Products and two other companies by issuing fake takeover offers.Nedko Nedev, 37, of Sofia, Bulgaria, and four other defendants worked together to violate securities laws over the last ...

Commissioners approve tax abatement for plant

WARREN - Trumbull County Commissioner Mauro Cantalamessa said Wednesday's approval by commissioners of a 100 percent tax abatement for the builders of an $800 million power plant in Lordstown "really was a no-brainer.""It's hard to argue with an $800 million investment and 450 to 500 workers ...

Business & labor at a glance

Business hiring picks up in May to 201,000WASHINGTON - U.S. companies stepped up hiring in May, a private survey found, evidence that employers remain confident in the economy even after it contracted at the start of the year.Payroll processor ADP said Wednesday that businesses added 201,000 ...

Dominion’s Standard Choice Offer rates down

WARREN - June rates for Dominion East Ohio's Standard Choice Offer / Standard Service Offer are down 43.9 percent from a year ago.Effective June 12, the SCO/SSO rates will be $2.835 per thousand cubic feet (mcf). The revised rates are 29.8 cents, or 11.7 percent, higher than the May SCO/SSO ...

Local stocks close mixed

Cortland Bancorp rose 5 cents in trading to close at $15.40 a share on Tuesday. First Niles Financial bank stayed at $8.50 a share.

Central Bank of Nigeria; $33M theft

LAGOS, Nigeria (AP) - Financial crime agents arrested 21 bankers including senior executives of the Central Bank of Nigeria for the theft of $33 million worth of defaced naira currency notes, Nigerian officials said Monday.The Economic and Financial Crime Commission said a whistleblower alerted ...

Disney CFO Jay Rasulo resigns

LOS ANGELES - The Walt Disney Co. said Monday that its chief financial officer, Jay Rasulo, will resign at the end of June, clearing the path for another top executive, Tom Staggs, to succeed Bob Iger as eventual CEO.A new chief financial officer was not immediately named Monday, but Rasulo, ...

Health insurers go big with initial 2016 rate

Dozens of health insurers say higher-than-expected care costs and other expenses blindsided them this year, and they're going to have to hike premiums for individual policies well-beyond 10 percent for 2016.The proposed double-digit hikes would apply to plans sold on the health insurance ...

Airlines try speedier boarding

DALLAS (AP) - Airlines are trying to save time by speeding up a part of flying that creates delays even before the plane leaves the gate: the boarding process.This summer travel season, Delta plans to preload carry-on bags above passengers' seats on some flights. Southwest wants to get families ...

NetJets names new CEO in midst of labor dispute with pilots

OMAHA, Neb. - Berkshire Hathaway's NetJets unit rehired two longtime executives to lead the company in the midst of an ongoing contract dispute with its pilots union.NetJets, which sells partial ownership interests in business jets, said Monday Jordan Hansell is stepping down as chairman and ...

Local stocks mixed

Cortland Bancorp rose 35 cents in trading to close at $15.35 a share on Monday. First Niles Financial bank stayed at $8.50 a share.

Trade agenda faces tough odds

WASHINGTON - After several near death experiences in the Senate, the trade agenda that President Barack Obama is pushing as a second term capstone faces its biggest hurdle yet in the more polarized House.Anti-trade forces have struggled to ignite public outrage over Obama's bid to enact new ...

GM prepares to ‘Cruze’ next generation

LORDSTOWN -The next generation of the much anticipated locally-built Chevrolet Cruze is set to be unveiled June 24.General Motors plans to debut the all-new design of its best-selling small car in Detroit. Although crews have been working on the prototype, the company has remained mum about the ...

Gas rises 4 cents a gallon; big hikes may be ending

CAMARILLO, Calif. (AP) - The average price of gasoline has increased 4 cents a gallon over the past two weeks to $2.84 a gallon.Still, that's a tiny increase compared to the 35-cent jump recorded over the previous five weeks.Industry analyst Trilby Lundberg said Sunday that it's also an ...

Expands

WARREN -Work crews have been at the new Akron Children's Warren West the past several months converting the site into a new pediatric primary care office. Last week, workers installed steel arches and beams on the building's exterior, painted inside the facility and installed floors and ...