Business

RTI to supply parts for Airbus A350-1000

RTI International Metals, Inc. will provide finished titanium structural parts to Airbus for its new A350-1000 aircraft program, the Pittsburgh-based titanium producer announced Monday.The contract award from Airbus represents its first procurement of RTI parts manufactured entirely by RTI's ...

Bringing building back to life

For Cortland native Jennifer Hebrock, Hudson Holdings' recent acquisition of the former Huntington Building downtown Cleveland has been a means to "come home again."Hebrock, director of special projects for Hudson, recommended the purchase of the 22-floor, 1.4 million-square-foot building to ...

Truck- driving teens?

WASHINGTON - Parents may hesitate to hand teens the keys to the family car, but Congress is proposing to allow drivers as young as 18 to get behind the wheel of big rigs on the nation's interstatesFederal regulations currently require drivers be at least 21 before they can drive commercial ...

Two visions emerge for self-driving vehicles

DETROIT - Two competing visions could determine how you first experience a driverless car.Traditional automakers like Mercedes and Toyota already make vehicles equipped with systems that keep cars within their lanes, apply the brakes or park by themselves. Their plan is to gradually automate ...

Feds try to block sales of firm’s supplements

CEDAR RAPIDS, Iowa (AP) - An Iowa company has been selling potentially unsafe dietary supplements and falsely advertising them as treatments for diseases ranging from colds to cancer, the federal government alleged Friday.Iowa Select Herbs manufactures its dietary supplements in conditions that ...

Takata rejects call for compensation fund, at least for now

DETROIT (AP) - Takata Corp. says a compensation fund for people hurt by exploding air bags isn't needed at this time.The Japanese company responded this week to a call from Senator Richard Blumenthal of Connecticut to commit to a fund similar to one set up by General Motors for victims of ...

General Motors recalling nearly 780K SUVs to fix power lift gate problem

DETROIT (AP) - General Motors is recalling nearly 780,000 crossover SUVs mainly in North America because the rear power lift gates can suddenly fall and hit people.The company said Friday that it has 56 reports of injuries caused by the problem.The recall covers the Buick Enclave from the 2008 ...

Yellen: Fed still on track to raise rates this year

WASHINGTON - Federal Reserve Chair Janet Yellen said the Fed is on track to start raising interest rates later this year but expressed multiple concerns over headwinds that are still holding back the U.S. economy.She described the outlook for the economy and inflation as "highly uncertain," ...

Business & labor at a glance

Greece's Tsipras tries to rally for austerity dealATHENS, Greece - Greek lawmakers braced for an all-night parliament session Friday as the country's prime minister, Alexia Tsipras, sought to rally support for tough austerity measures designed to win approval for a third bailout.The proposed ...

Reddit interim CEO Pao resigns; Huffman regains CEO title

NEW YORK (AP) - Reddit said Friday that interim CEO Ellen Pao resigned from the company, and co-founder Steve Huffman is back as its CEO.The freewheeling online discussion forum and news site, which says it had 164 million unique visitors last month, has been rocked by unrest recently.This ...

Cruze remains a top new car pick locally

WARREN - As General Motors prepares to roll out the next generation of its top-selling Chevy Cruze, the small car's current model continues to remain a favorite locally among new vehicle owners.Despite a regionwide, and nationwide, drop in sales last month compared to June 2014, the ...

Austintown racino sees steady wagering increase

AUSTINTOWN - For three consecutive months - from April to June - wagering at Hollywood Gaming at Mahoning Valley Race Course's video lottery terminals increased.Credits played at the Austintown racino last month totaled $76.54 million compared to $75.59 million in May and $74.88 million in ...

Local financial stocks return mixed results

Local financial stocks return mixed resultsFirst Niles Financial Bank stocks jumped 40 cents Tuesday to close at $9.55 a share after holding steady since mid last week at $9.15 a share. Cortland Bancorp dipped below its $14 a share, where it had been, to close at $13.86 a share.

Futures trading pits in Chicago, N.Y. become silent

NEW YORK - Pete Meegan had every intention of going back to college, but then he got a summer job in the Chicago trading pits and fell in love with the "roar" of the floor, the excitement of "4,000 people yelling, 'Buy! Buy! Buy!'" and decided no more classroom for him.That roar will soon go ...

Business briefs

SHARON REGIONAL SCHOOL OF NURSING SETS OPEN HOUSE: An open house for Sharon Regional Health System's School of Nursing, 740 E. State St., Sharon, is set for 5 to 7 p.m. July 20. Prospective applicants can meet faculty, attend a presentation on the application process and pre-entrance (TEAS) ...

Lengthy auto loans favored by consumers

Kevin Flores has more than six years to pay off the loan on his new Nissan Frontier pickup.That's more than double the length of the truck's bumper-to-bumper warranty. And it means the Baton Rouge, Louisiana resident will be paying roughly $2,580 in interest over the life of the roughly $25,000 ...

Smaller workforce, sluggish pay

WASHINGTON - Even after another month of strong hiring in June and a sinking unemployment rate, the U.S. job market just isn't what it used to be.Pay is sluggish. Many part-timers can't find full-time work. And a diminished share of Americans either have a job or are looking for one.Yet in the ...

Solid hiring, lower U.S. unemployment rate, but wages flat

WASHINGTON - U.S. employers added jobs at a solid pace in June, and the unemployment rate fell to 5.3 percent, a seven-year low. But wages failed to budge, and other barometers of the job market painted a mixed picture.The economy gained 223,000 jobs last month, and the unemployment rate fell ...

Business & labor at a glance

Dominion's Standard Choice Offer rates dropWARREN - July rates for Dominion East Ohio's Standard Choice Offer / Standard Service Offer are down 42.2 percent from a year ago.Effective July 14, the SCO/SSO rates will be be $2.793 per thousand cubic feet (mcf). The revised rates are 4.2 cents, or ...