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Business

Sizing up holiday shopping season

NEW YORK — With two weeks until the official start of the holiday shopping season, the nation’s retailers are gearing up for what should be another brutally competitive shopping period. The good news? Many retail CEOs say the U.S. consumer is financially healthy given the economy remains ...

Bank stocks produce mixed results in Friday trading

Cortland Bancorp lost 50 cents in trading Friday, closing at $21.75 per share. First Niles Financial rallied slightly, gaining 16 of the 20 cents it lost on Thursday to close at $7.96 per share.

Local bank stocks lose in trading

Cortland Bancorp closed at $21.87 per share in trading Wednesday, up a penny from Tuesday. First Niles Financial closed at $7.80 per share, down 20 cents from Tuesday.

Wagering at racino rebounds

AUSTINTOWN — Wagering on video lottery terminals at Hollywood Gaming at Mahoning Valley Race Course rebounded some in October after steady declines in August and in September. Bettors played $111.3 million credits, up about $2.1 million in credits played from September, according to the ...

Ohio casino revenue down about $200K in October

Revenue at Ohio’s four casinos in October was $68.1 million, down about $200,000 from September, according to the Ohio Casino Control Commission. But revenue was up about $1.6 million in a year-to-year comparison against October 2018, which posted $66.5 million. Table games last month ...

Professional development seminar offered Thursday

AUSTINTOWN — On Demand Drug Testing and Work Solutions will have an educational seminar for local business professionals Thursday on topics that include employment engagement, decreasing turnover, hiring and technology. It is at On Demand’s office, 5760 Patriot Blvd., Austintown. The cost ...

Business briefs

BBB TO MEET: The Better Business Bureau in Trumbull, Mahoning and Columbiana counties will have its annual meeting of accredited businesses 9 a.m. Nov. 20 at the Davis Education & Visitor Center at Fellows Riverside Gardens. BBB-accredited businesses are invited to learn how BBB is ...

Vehicles sales continue to eclipse 2018 numbers

WARREN — Automobile dealers in the Mahoning Valley continue to sell vehicles at a pace well ahead of 2018. Through October, dealerships sold 83,168 vehicles to buyers across Ohio and for the month, they sold 8,740 vehicles — nearly 10 percent more than the 75,779 sold in the first 10 ...

Home sales rise slightly in Trumbull County

WARREN — Sales of single-family homes in Trumbull County through September are slightly ahead of the pace set in the first nine months of 2018, are selling for nearly 11 percent more and are spending less time on the market. There were 1,580 closed sales countywide, up 0.7 percent from ...

Arconic 3Q revenue up over 2018

WARREN — Arconic, which has a facility in Weathersfield, had third- quarter 2019 revenue of $3.6 billion, up 1 percent from the same period in 2018. The company reported organic revenue was up 6 percent based on strong volumes across key markets and favorable pricing in the engineered ...

Small business space tech conference today

YOUNGSTOWN — The Space Foundation will present a free conference today to help local small businesses be better positioned in the space-based technology industry. The event, in partnership with BRITE Energy Innovators in Warren, the Youngstown Business Incubator and Youngstown State ...

Huntington’s 3Q results dip 2 percent from last year

YOUNGSTOWN — Columbus-based Huntington Bancshares Incorporated has reported net income for the third quarter of 2019 of $372 million, a decrease of 2 percent from the same quarter last year. Earnings per common share for the period ending Sept. 30 were 34 cents, up 3 percent for the same ...

Farmers still outpacing last year through three quarters

CANFIELD — Farmers National Banc Corp. reported net income for the third quarter of 2019 was $9.2 million, up from $8.1 million for the same three months last year and from $8.5 million from the previous quarter. The $9.2 million represents 33 cents per diluted share compared to 29 cents ...

Home Savings Bank parent reports net income of $10.5M

YOUNGSTOWN — United Community Financial Corp., the parent company of Home Savings Bank, has announced a 2019 third-quarter net income of $10.5 million, a 10.2 percent increase to same quarter ending Sept. 30, 2018. Diluted earnings per share were 21 cents for the quarter, up nearly 15 ...

Arconic declares dividend of 93.7 cents per stock

WARREN — Arconic, which has a facility in Weathersfield, has announced a dividend of 93.7 cents per share on the company’s Class A stock, payable Jan. 1 to holders at the close of business on Dec. 13. Arconic makes aluminum, titanium or nickel parts for planes, cars and electronics.

Millwood acquires CORE brand

VIENNA — Millwood Inc. has finalized the purchase of CORE Erosion Control Services, signaling a new product brand and Millwood’s 30th location nationwide. CORE Erosion Control Services, based out of Sewell, N.J., is a leading supplier of erosion and sediment control. Millwood Inc. is a ...

$1 million gift given to Akron Children’s Hospital

Akron Children’s Hospital’s CEO emeritus William H. Considine was honored recently for his decades of service, but Considine, too, honored the hospital. At an Oct. 12 gala at Akron’s Stan Hywet Hall & Gardens, Considine announced a gift from he and his wife, Becky, of $1 million ...

Business briefs

YSU HOSTS TECH WORKSHOPS: Youngstown State University will host “Technology Takes the Wheel,” a series of seminars focused on the future of autonomous vehicles and one-day workshop to explore opportunities in space-based technology markets. The autonomous vehicle series starts at 8 a.m. ...

Business briefs

LOCAL INSURANCE AGENT HONORED: Randy L. Jones of Champion Insurance in Warren was recently recognized for professional leadership and advanced knowledge by the Society of Certified Insurance Counselors (CIC), a leading national insurance professional organization. He was awarded a certificate ...