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Business

Cortland Bancorp stock plunges in Friday trading

After gaining 70 cents in trading Thursday, Cortland Bancorp suffered a significant loss on Friday, losing $1.50 per share to close at $21.50. First Niles Financial, which lost 6 cents on Thursday, regained it, closing at $7.77 per share.

Trumbull home sales stay ahead of 2018 pace

WARREN — Sales of single-family homes in Trumbull County through October continue to remain ahead of the pace — albeit modestly — set for the same period last year and they are selling for more money. There were 1,781 closed sales countywide, up 0.9 percent, from 1,765 in 2018, ...

Local bank stocks finish mixed again

Cortland Bancorp closed Wednesday at $22.30 per share, a gain of 6 cents over Tuesday’s closing price. First Niles Financial closed at $7.77 per share for the 10th day in a row.

Mahoning Valley Economic Development Corporation gets $1.6M grant

YOUNGSTOWN — A business development and job creation organization has been awarded $1.6 million to support small businesses and entrepreneurs in Trumbull and Mahoning counties. The funding from the U.S. Economic Development Administration will be used by MVEDC (Mahoning Valley Economic ...

Farmers declares third-quarter dividend of dime per share

CANFIELD — Farmers National Banc Corp., the holding company of Farmers National Bank, declared a cash dividend of 10 cents per share on common stock for the third quarter. The dividend will record Dec. 13 and is payable to shareholders Dec. 31.

Local gas prices up, stay below northeast Ohio average

WARREN — Gas prices in most of the Mahoning Valley are below the northeast Ohio average, according to AAA East Central’s Gas Price Report. In the Warren-Youngstown and Niles areas, the average per gallon price is $2.57, one penny less than the region’s average price. The $2.58 price, ...

America Makes inks $322 million agreement

YOUNGSTOWN — America Makes, the national additive manufacturing accelerator in Youngstown, has signed a new seven-year, $322 million agreement with the Air Force Research Laboratory to continue America Makes’ mission. The agreement calls for America Makes, part of the National Center ...

Local stock starts week with loss

Cortland Bancorp closed Monday at $21.90 per share, a drop of 85 cents from last week’s closing of $22.75. First Niles Financial closed at $7.77 per share, no change from last week’s closing. UAW bolsters

Fears prompt new safety tactics

OKLAHOMA CITY — Security is not subtle at the sprawling campus of human resources technology giant Paycom in Oklahoma City. Off-duty police officers roam the grounds, bolstering the company’s own force of armed guards. A basement command center that looks like something out of a spy movie ...

Fri. 12:35 p.m.: Former UAW president Jones has resigned UAW Membership

DETROIT - The United Auto Workers announced moments ago that Gary Jones has sent his resignation from membership in the union. Jones had faced internal UAW Article 30 charges that would have removed him from office and from his membership. He had previously resigned his office as President.

Cortland Bancorp stock surges before holiday

Cortland Bancorp surged in trading Wednesday, gaining 75 cents to close at $22.75 per share. First Niles Financial held steady for the third day in a row, closing at $7.77 per share. The stock market is closed today because of Thanksgiving and will reopen Friday.

Local bank stocks mixed

Cortland Bancorp on Tuesday lost three of the four pennies it gained on Monday, closing at an even $22 per share. First Niles Financial held steady to close at $7.77 per share on Tuesday.

Business Briefs

PNC DONATES: PNC Financial Services Group has donated $3,000 to Alta Head Start and to the YWCA of the Mahoning Valley to support early childhood education initiatives. Under PNC’s Grow Up Great program, employees can earn grants for organizations of their choice by volunteering 100 hours ...

Local bank stocks drop slightly

Cortland Bancorp lost two pennies in trading Friday, closing at $22 per share. First Niles Financial, which had held steady for the past week, lost 19 cents in trading Friday to close at $7.77 per share.

Cortland Bancorp continues gains in Thursday trading

Cortland Bancorp made a slight gain in trading Thursday, adding 3 cents to its 32-cent gain on Wednesday to close at $22.02 per share. First Niles Financial held steady for the fourth day in a row, closing at $7.96 per share.

Gander Outdoors in Howland to close

HOWLAND — Outdoor, hunting and camping retailer Camping World Holdings Inc. is closing its Gander Outdoors store at the Eastwood Mall as the company repositions its strategy toward recreational vehicle sales, service, parts and accessories. The Illinois-based company announced the shift in ...

Local bank stocks return mixed results Wednesday

Cortland Bancorp recouped some of Tuesday’s losses, gaining 32 cents Wednesday to close at $21.99 per share. First Niles Financial held steady for the third day in a row, closing at $7.96 per share.

Unemployment rate dips slightly in Trumbull County, Warren

WARREN — Trumbull County’s unemployment rate edged down for the second straight month in October to land at 5.8 percent, according to numbers released Tuesday by the Ohio Department of Job and Family Services. The rate slid down 0.3 percent, the amount it dropped in September, while ...

Local gas price below northeast Ohio average

WARREN — The average price for gasoline in the Warren-Youngstown and Niles areas is below the average for northeast Ohio, according to AAA East Central’s Gas Price Report The average this week for the region is $2.54. In the Warren-Youngstown area, the price is one penny cheaper at $2.53, ...