Business

Recall issued for 2015 Cruzes built in Lordstown

LORDSTOWN - General Motors is recalling about 2,000 models of the Lordstown-made 2015 Chevrolet Cruze because of parking brake concerns.The company explained in written statement released Tuesday that some of the vehicles manufactured Feb. 4 to 9 have left rear or right rear parking brake cable ...

Bank stocks see mixed results

Local bank stock results were mixed on Tuesday. Dropping 15 cents, First Niles Financial went from $9.15 a share at close on Monday to $9 a share at close on Tuesday. Cortland Bancorp rose 53 cents from $15.22 a share at close on Monday to $15.75 a share on Tuesday.

Business briefs

CSX finishes rail yard expansion at Ohio hubNORTH BALTIMORE - CSX Transportation says it has finished off a $43 million expansion of its rail cargo hub in northwestern Ohio.The company says the project in North Baltimore south of Toledo was completed several years earlier than it expected.CSX's ...

Business briefs

NORTHSIDE GOES BLUE TO KNOCK OUT COLON CANCER: Northside Medical Center employees recently participated in the Colon Cancer Alliance's national program Dress in Blue Day, held the first Friday in March, to raise awareness of colon cancer. March is Colon Cancer Awareness Month and employees were ...

A few cents more

Having to add another $4 to the total cost of buying a $1,600 bass guitar amp wouldn't be a game-changer for Jake Coughlin.Coughlin, of Austintown, recently purchased his new bass amp at a local music store. With tax, his bill came to $1,712.Had he waited until April 1, when Mahoning County's ...

Business & labor at a glance

Dominion's Standard Choice Offer rate lowerWARREN - March rates for Dominion East Ohio's Standard Choice Offer / Standard Service Offer are 39.1 percent lower than a year ago.Effective March 13, new rates will be $3.324 per thousand cubic feet (mcf). The revised rates are 2.8 cents, or 0.8 ...

Stoneridge reports loss for fourth quarter

HOWLAND - Stoneridge reported a fourth-quarter loss of $26.6 million after reporting a profit in the same period a year earlier.On a per-share basis, the Howland-based company reported a loss of 99 cents. Earnings, adjusted for asset impairment costs and non-recurring costs, were 25 cents per ...

Teamsters demonstrate at vehicle transport company

LORDSTOWN - More than a dozen members of Teamsters Local 377 gathered Saturday along Tod Avenue near the General Motors Assembly Plant to picket Fleet Car Carriers, a Commerce-City, Colo.-based nonunion company that transports vehicles.Union leaders said the Teamsters were not there to protest ...

Business in brief

Despite jump, gas prices remain less than year agoWARREN - Although local gas prices have increased since last week, they still remain significantly cheaper than they were this time last year, AAA reported.In Warren, the average cost of a gallon of regular unleaded gasoline on Monday was $2.38, ...

Kravitz Deli holds grand re-opening

Kravitz Deli of Poland, a delicatessen in the Poland Public Library, recently held a grand reopening after being closed several weeks for renovation, redecoration and innovation.People on the MoveGRANGER PROMOTED TO VICE PRESIDENT AT SEVEN SEVENTEEN: Seven Seventeen Credit Union announced the ...

Home care firm expands

AUSTINTOWN - The wall inside the FirstLight HomeCare of The Valley office, like the business, started with three faces.In the past year and a half, the Austintown-based business has grown from its initial trio of employees - owners Dave Stewart, Michael Senchak and his father, Mike Senchak - ...

What taxpayers need to know about income

All income is taxable unless the law excludes it. There are some basic rules taxpayers need to know to file an accurate return.For example, taxable income includes money earned, like wages and tips. It also includes bartering, or an exchange of property or services.The fair market value of ...

Southern Park Mall operator reports decrease in income

BOARDMAN - The company that operates Southern Park Mall reported a decrease in its net income for the fourth quarter 2014.Columbus-based WP Glimcher reported the financial results, along with results for the full year 2014, Thursday during a conference call and webcast.Company leaders Mark ...

U.S. tax refunds reach almost $125 billion mark

Almost 40 million tax refunds worth nearly $125 billion have been issued as of Feb. 20, according to the Internal Revenue Service.The IRS, which released the statistics on Thursday, reported that the average refund is $3,120.The IRS has processed nearly 50 million returns, about one-third of ...

Penn National: Payment should come from state

Penn National Gaming Inc. said Tuesday it stands by its earlier position that any payments to Austintown and Dayton should come from $150 million the company paid the state to relocate two racetracks to those communities in 2014."We believe any payments due to our host communities should come ...

Farmers National declares cash dividend

CANFIELD - The Farmers National Banc Corp. Board of Directors on Tuesday declared a cash dividend of 3 cents a share.The common stock cash dividend will have a record date of March 13 and is payable to shareholders March 31.Founded in 1887, Farmers National Banc Corp. is a diversified ...

Local banks stocks see mixed results Tuesday

Local banks stocks saw mixed results on Tuesday. First Niles Financial stayed at $9.15 a share at closing. Cortland Bancorp dropped 26 cents from $15.61 at closing on Monday to $15.35 at closing on Tuesday.

New Ohio Utica permits issued

SALEM - The Ohio Department of Natural Resources this month issued 18 new horizontal drilling permits in the Utica / Point Pleasant shale play for the week ending Feb. 14.Five new permits each were issued in Carroll, Harrison and Monroe counties, two in Belmont County and one in Columbiana ...

Tremors trigger concerns about wells

WEATHERSFIELD - Weathersfield resident Gina Whitelock said she hopes state officials "strongly consider" citizens' concerns March 11 in Columbus when they hear an appeal for operations to resume at a local brine injection well tied to a 2.1-magnitude earthquake.American Water Management ...

FTC challenges Sysco-US Foods merger

The Federal Trade Commission filed an administrative complaint charging that the proposed merger of Sysco and US Foods, both of which supply food to area restaurants, would violate antitrust laws by significantly reducing competition nationwide and in 32 local markets for broadline foodservice ...