×

Business

Farmers declares dividend

CANFIELD — Farmers National Banc Corp., holding company for Farmers National Bank, has declared a quarterly cash dividend of 11 cents per share on its common stock. The dividend will have a record date of Dec. 11 and is payable to shareholders on Dec 31.

Valley joblessness falls but remains highest in state

Jobless numbers in Trumbull and Mahoning counties fell sharply in October, marking the second consecutive month unemployment in the region shrank, yet they remain in a four-way tie for the highest rate in the state. It’s a similar situation for jobless rates in Warren and in Youngstown ...

Rep. Ryan pushes tax-credit extension

WARREN — U.S. Rep. Tim Ryan is among a bipartisan group of lawmakers urging a five-year extension of the Health Coverage Tax Credit, which helps retirees access affordable health care. Ryan, D-Howland, joined the group Monday in calling on the chairman and ranking member of ...

Gas prices remain stable in region

WARREN — The average price for gasoline across northeast Ohio is the same this week at $1.96 per gallon, according to AAA East Central’s Gas Price Report. In the Warren-Youngstown area, the average price is $1.93 and in Niles, $1.95, per gallon. The average price for the ...

Business briefs

SOUTHWOODS OPENS SECOND EXPRESS LOCATION: Boardman-based Southwoods Health has opened its latest Express Care at the new Community Literacy Workforce and Cultural Center, 436 Struthers Coitsville Road, Campbell. Southwoods Express Care provides fast, easy access to medical care that is ...

Valley marijuana grower adds 5,000 square feet

YOUNGSTOWN — The single medical marijuana grow facility in Trumbull and Mahoning counties will add 5,000 square feet, a build out that doubles capacity at the Youngstown warehouse turned horticultural space. Riviera Creek LLC also has introduced a new product line under affiliate business ...

Wagering falls again at Austintown racino

AUSTINTOWN — Betting on video lottery terminals last month at Mahoning Valley Race Course eclipsed $114.3 million, but October marked the second straight month the racino reported wagering was down. In contrast, wagering at Ohio’s seven racinos rallied some to overcome a down September, ...

Casino revenue rebounds from two down months

WARREN — Revenue at Ohio’s four casinos surpassed $74.7 million in October, a bit of a rebound for the month after two consecutive months of declines, according to the Ohio Casino Control Commission. The latest report from the commission shows revenue last month rose 4 percent from ...

Port authority issues $20M in bonds for thermal plant

YOUNGSTOWN — The Western Reserve Port Authority has given a preliminary OK to issue $20 million in bonds to help SOBE Thermal Energy Systems LLC, a Dublin-based company that operates the former Youngstown Thermal facility. A port authority resolution is for its intent to issue the bonds, ...

Dominion rates up, but bills remain unchanged

WARREN — The rate for Dominion Energy Ohio’s standard choice and standard service offers in November is $3.14 per thousand cubic feet (Mcf), but the average residential bill will remain virtually unchanged from a year ago, the company announced. Effective Nov. 10, customers of the plans ...

Port Authority plans $25M project on airport land

VIENNA — The Western Reserve Port Authority has an ambitious plan to develop land south of the Youngstown-Warren Regional Airport to house aviation-related companies, including potentially some international entities. “The entities we are talking to right now about occupying those ...

Valley railroad gets grant for improvements

A short-line railroad that operates between Youngstown and the Greater Pittsburgh region has received a $350,025 investment from the Ohio Rail Development Commission for track and other upgrades. The commission’s contribution is the last funding piece of the $1.4 million project by the ...

Kenilworth Steel favored in civil suit

WARREN — A Warren steel company benefitted from a decision this week by a Trumbull County judge who granted it a $30,426 payment plus interest from an Illinois company. In January 2020, Kenilworth Steel Co., a West Market Street steel plate service center, had filed a civil lawsuit against ...

Gas prices down in region

WARREN — The average price for gasoline across northeast Ohio is 9 cents lower this week at $1.96 per gallon, according to AAA East Central’s Gas Price Report. In the Warren-Youngstown area, motorists can expect to pay an average of $1.89 per gallon and in Niles, $1.91 per gallon. The ...

Auto show rescheduled

The Cleveland Auto Show will not be held in the spring of 2021 due to a combination of the viral outbreak and closure of the I-X Center, the host venue for the auto show for the last 20 plus years. Show sponsor, the Greater Cleveland Automobile Dealers’ Association, announced the delay ...

Howmet board OKs dividend

WEATHERSFIELD — Howmet Aerospace, which has a plant in Weathersfield, declared a dividend of 93.75 cents per share on the company’s outstanding $3.75 preferred, or Class A, stock. The dividend will be paid Jan. 1 to the holders of record at the close of business Dec. 11. The ...

Business briefs

EASTWOOD MALL HOLIDAY HOURS: The Eastwood Mall will be closed Thanksgiving but will be open 6 a.m. to 9 p.m. Black Friday, Nov. 27, to kick off the holiday shopping season. The mall’s holiday hours are 9 a.m. to 9 p.m. Nov. 28; 11 a.m. to 6 p.m. Nov. 29; 10 a.m. to 9 p.m. Nov. 30 to Dec. 5; ...

Mall event center opens

NILES — When the new Eastwood Event Centre is wide open, it offers just under 16,000-square-feet of meeting space for trade and corporate conferences, parties of all sorts, wedding receptions, social galas, and cocktail and fundraising events. But “we have the ability to separate that ...

LMC ready to fight suit over contract

LORDSTOWN — Lordstown Motors Corp. looks forward to defending itself in court against claims it broke an industrial services contract with, and owes more than $2.5 million in unpaid bills to, a Michigan-based company. The electric truck startup responded to the lawsuit Tuesday, one day ...

Howmet Aerospace reports revenue declines

WEATHERSFIELD — Howmet Aerospace, formerly Arconic Inc. in Weathersfield, reported revenue of $1.1 billion for the third quarter, down 37 percent from the same quarter in 2019. The decrease, according to the company, was driven by disruptions in the commercial aerospace and commercial ...