Ohio plant makes 10 millionth Accord
The 10 millionth U.S.-built Honda Accord rolled off the assembly line this week at Honda's first U.S. auto plant in Marysville.
All four Honda auto plants in America celebrated the cumulative production of 20 million automobiles in the U.S. Honda also marked the achievement at two engine and two transmission plants that build the powertrains used in Honda's U.S.-built cars and trucks, the company announced. The first U.S.-made Honda Accord was produced Nov. 1, 1982, at the Marysville Auto Plant, home to the first Japanese auto plant to begin production of automobiles in the U.S.
Honda's U.S. plants produced a record 1,309,917 automobiles in 2013, an increase of 7.4 percent from the previous annual mark set in 2012. Honda is supported by a network of 533 suppliers in the U.S., with purchasing of parts and components last year exceeding $23 billion.
Ohio unemployment rate in February was 6.5 percent
COLUMBUS - Ohio's unemployment rate dropped to 6.5 percent last month, the lowest rate in nearly six years, according to numbers released Friday by the state.
The seasonally adjusted rate was down from 6.9 percent in January and 7.1 percent in December, according to the Ohio Department of Job and Family Services.
The rate is the lowest since June 2008, when it began trending upward as the Great Recession took hold. It also dipped below the national rate, which was 6.7 percent in February. That was up from 6.6 percent in January but well below the 7.7 percent national rate in February 2013.
The number of workers unemployed in Ohio in February was 377,000, down 18,000 from 395,000 in January. The number of unemployed has decreased by 44,000 in the past 12 months.
Media General to buy LIN in deal worth $1.6B
RICHMOND, Va. - Media General is buying fellow TV broadcaster LIN Media in a deal worth about $1.6 billion in cash and stock, the companies announced Friday.
The combined company would own and operate or service 74 stations across 46 markets, reaching about 26.5 million households. Media General said that it has offered about $27.82 for each LIN Media share, representing an 87 percent premium over LIN's Thursday closing stock price.
LIN shareholders will own about 36 percent of the combined company.
Lin Media owns Youngstown television stations WKBN, WYTX and WYFX.
Report: Pa. drilling taxes among lowest
PITTSBURGH - Pennsylvania's taxes on the natural gas drilling boom are among the lowest in the nation, according to a new report from a nonpartisan office of the state Legislature.
Pennsylvania is the only state with significant production that doesn't impose a severance tax based on the volume or market value of gas produced, the figures released Thursday by the Independent Fiscal Office found. Instead, the state imposes an impact fee for each well drilled, no matter what it produces.
Local bank stocks reported
First Niles Financial held steady in trading Friday to close at $7 per share. Cortland Bancorp remained at $10.51 a share.
Staff, wire reports