Business

Trumbull’s jobless rate rises

WARREN — Trumbull County’s unemployment rate rose a half percent in July to 6.5 percent, tying it for sixth worst in Ohio, according to numbers released Tuesday by the Ohio Department of Job and Family Services. Mahoning County’s rate increased, too, from 5.7 percent in June to 6.1 ...

Local bank stocks show mixed results

After gaining 99 cents in trading Monday, Cortland Bancorp lost 88 cents in trading Tuesday to close at $22.61 per share. First Niles Financial held steady to close at $7.80 per share.

Local vehicle sales stay strong

WARREN — The second half of 2019 for automobile dealers in Trumbull, Mahoning and Columbiana counties began in July the same way the first half ended — with sales way ahead of the pace set in 2018. Dealerships in the Mahoning Valley through July sold 55,172 vehicles to buyers across Ohio, ...

Gas prices below region average

WARREN — Gas prices in the Warren-Youngstown area and in Niles are below the average for northeast Ohio, according to AAA East Central’s Gas Price Report. In Warren-Youngstown, the per gallon average is $2.55 and in Niles, $2.44, compared to $2.57 per gallon for the rest of the region. ...

Local bank stocks yield mixed results

Cortland Bancorp surged to start the week in trading, gaining 99 cents per share to close at $23.49 Monday. First Niles Financial, after holding steady for six days, dipped slightly to close at $7.80 per share.

Business briefs

TRUMBULL SIGNS CONTRACT WITH CHAMBER: Trumbull County commissioners have approved a new 12-month, $23,000 contract with the Youngstown Warren Regional Chamber to continue economic development efforts in the county. Sarah Boyarko, the chamber’s chief operating officer, said last year and so ...

People on the move

YSU FOUNDATION APPOINTS MEMBER: Mary Beth Houser, vice president at Huntington National Bank, was recently appointed a trustee of the Youngstown State University Foundation. Her term is through 2022. Houser, a graduate of YSU, previously was an attorney and shareholder with Manchester, Newman ...

Farmers quarterly dividend rises to 10 cents per share

WARREN — Canfield-based Farmers National Banc Corp. has declared a quarterly cash dividend of 10 cents per share, a 25 percent increase over the same period last year. The common stock cash dividend is payable to shareholders Sept. 30. It’s the sixth increase to Farmers’ dividend in the ...

Cortland Bancorp’s slide in trading continues Thursday

Cortland Bancorp lost another 5 cents in trading Thursday, after dropping 20 cents Wednesday, to close at $22.50 per share. First Niles Financial held steady to close at $7.90 per share for the fifth day in a row.

Local bank stocks begin week mixed

Cortland Bancorp lost 6 cents in trading Tuesday to close at $22.75 per share. First Niles Financial held steady to close at $7.90 per share.

Cortland Bancorp gains slightly to start week

After losing 53 cents per share in trading Friday, Cortland Bancorp gained 4 cents in trading Monday to close at $22.81 per share. First Niles Financial, after holding steady for more than a week, lost a dime in trading Friday to close at $7.90 per share.

Business briefs

CHAMBER EMPLOYEE EARNS CREDENTIAL: Lauren Johnson, manager of the 422 Project and Business Development at the Youngstown Warren Regional Chamber, has completed the coursework through the Ohio Economic Development Institute to earn the Ohio Certified Economic Developer (Ohio CED) ...

Chamber honors ex-CEO

YOUNGSTOWN — To the best of Thomas Humphries’ recollection, about 30 individuals and companies donated money on his behalf to the charitable arm of the Youngstown Warren Regional Chamber after he stepped aside in 2017 as leader of the economic development organization. It was last ...

Cortland Bancorp stock ends week on down note

After going up and down in trading all week, Cortland Bancorp ended the week by losing 53 cents per share to close at $22.77. First Niles Financial held steady for a sixth consecutive day to close at $8 per share.

Cortland Bancorp stock rallies in Thursday trading

After losing a quarter in trading Wednesday, Cortland Bancorp gained 45 cents in trading Thursday to close at $23.30 per share. First Niles Financial held steady for a fifth consecutive day to close at $8 per share.

Dominion Energy releases cheaper August rates

WARREN — Dominion Energy Ohio’s standard choice and standard service rates are $2.36 per thousand cubic feet (Mcf) for August. The new rates are 53 cents — or 18.4 percent — less than the August 2018 rates of $2.89 per Mcf and 15 cents — or 6 percent — less than the July rates of ...

Gas prices up this week across the Mahoning Valley

WARREN — Motorists in the Warren-Youngstown and Niles areas can expect to pay more for their gasoline this week. The average per gallon price in Warren-Youngstown is $2.71 and in Niles, $2.79, compared to $2.67 per gallon the week of July 28, according to AAA East Central’s Gas Price ...

Arconic declares $200M share repurchase

WEATHERSFIELD — Arconic, which has a plant in the township, has entered into an accelerated share repurchase agreement with Goldman Sachs & Co. to buy back $200 million of Arconic’s common stock. Under the agreement announced this week, Arconic will receive initial delivery of 6.8 ...