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Business

Business at a glance

Local bank stocks mixed on TuesdayResults were mixed for local bank stocks after trading closed on Tuesday. After falling 40 cents on Monday, Cortland Bancorp rebounded to close at $15.50 a share Tuesday, while First Niles Financial stood pat at $8.70 a share.Quaker Steak hearing delayedA ...

Group recognizes YBI as leader in its industry

YOUNGSTOWN - The Youngstown Business Incubator has again been recognized by UBI Global in Stockholm as a world leader in its industry.In a slightly modified category for 2015, YBI was the top University Associated Incubator in North America, and came in second to the Dublin Enterprise & ...

Parker Hannifin workers to get Trade Adjustment Assistance

YOUNGSTOWN - Workers who are being laid off at Parker Hannifin Corp.'s hydraulic gear pump plant will receive Trade Adjustment Assistance to assist them in their search for employment, according to Congressman Tim Ryan, D-Howland.The workers will receive income support, training, assistance ...

Local horizontal well production declines

LORDSTOWN - Oil and gas production from horizontal wells across Ohio's Utica shale play set a new record in this year's third quarter, increasing by more than 100 percent over the same time last year, according to the Ohio Department of Natural Resources.However, local production remained on ...

No change in local bank stocks

Local bank stocks stood pat in trading on Monday. Cortland Bancorp closed at $15.80 a share, while First Niles Financial closed at $8.70 a share.

TBEIC: Energy, innovation

By VIRGINIA SHANKTribune ChronicleWARREN - Joseph Balest hadn't realized how little some people know about 3-D printing until recently when he invited local residents to see what he does inside the Tech Belt Energy Innovation Center downtown. Balest and his business partner, Jeff Keel, have set ...

Builders association elects new officers

WARREN - The Builders Association of Eastern Ohio and Western Pennsylvania on Wednesday elected officers for 2016.The association, at its 46th annual business meeting Wednesday, named Jim Santini, Jim Santini Builder Inc., president. Santini, of Lisbon, is a graduate of Leetonia High School and ...

Dominion East Ohio’s rate down 53 pct.

WARREN - December rates for Dominion East Ohio's Standard Choice Offer / Standard Service Offer are 53 percent lower than they were the same month last year.Effective Dec. 11, this month's rates are $2.226 per per thousand cubic feet (mcf). The revised rates are 17.3 cents, or 8.4 percent ...

Backers consider expanding anti-fracking effort

YOUNGSTOWN - Backers of an anti-fracking charter amendment rejected by Youngstown voters in last month's general election are considering the possibility of expanding their effort from a citywide to countywide initiative.Committee member Susie Beiersdorfer said the group is exploring all of ...

Local financial stocks mixed

Local bank stocks had mixed results in trading on Thursday. Cortland Bancorp rose 15 cents to close at $15.80 a share, while First Niles Financial dropped 30 cents to close at $8.70 a share.

Local bank stocks unchanged

Local bank stocks stood pat in trading Wednesday. First Niles Financial closed at $9 a share after rising a quarter on Tuesday, while Cortland Bancorp remained $15.65 a share at closing on Wednesday.

ValleyCare gives assistance with Affordable Care Act

LIBERTY - The countdown is on for uninsured individuals to sign up for health care through the Patient Protection and Affordable Care Act.To help individuals through the process, ValleyCare Health System of Ohio is hosting an open enrollment program 3 to 6 p.m. today in Politis Auditorium at ...

Automakers report small sales gains for November

All three U.S. automakers reported small year-over-year increases in their November sales.General Motors' Chevrolet, Buick, GMC and Cadillac brands sold 229,296 vehicles nationwide last month, up 1.5 percent compared to the same time last year, with two fewer selling days and sales incentives ...

ADAEO disbanding after 51 years

LIBERTY - The Automobile Dealers Association of Eastern Ohio, after more than half a century in operation, has announced plans to disband.Chuck Eddy, president, said the association's trustees unanimously voted recently to end operations Dec. 31 when Steve Chos, executive vice president, and ...

Ford to book $600M 4Q expense for new contract

DETROIT - Ford Motor Co. will book a $600 million charge in the fourth quarter for signing bonuses paid to union workers under a new four-year contract.But the company said Monday that the deal with the United Auto Workers limits labor cost increases to 1.5 percent per year and is consistent ...

EPA boosts amount of ethanol in gas

WASHINGTON (AP) - The Obama administration is boosting the amount of corn-based ethanol and other renewable fuels in the U.S. gasoline supply despite sustained opposition by an unusual alliance of oil companies, environmentalists and some GOP presidential candidates.The Environmental Protection ...

NYC’s novel salt warning rule set to take effect at chains

NEW YORK (AP) - New York City begins a new era in nutritional warnings this week, when chain restaurants will have to start putting a special symbol on highly salty dishes.The first-of-its-kind rule, which takes effect Tuesday, will require a salt-shaker emblem on some sandwiches, salads and ...

A new union election at VW

NASHVILLE, Tenn. (AP) - A new union vote is scheduled for this week at the Volkswagen plant in Tennessee, but so far it's been largely devoid of the public threats, promises and handwringing that surrounded last year's election at the factory.The United Auto Workers was narrowly defeated in ...

Fed moves to bar bailouts of failing firms

WASHINGTON (AP) - Federal Reserve officials have moved to prevent the central bank from bailing out failing companies, a power it exercised during the 2008 financial crisis.The Fed governors voted 5-0 Monday at a public meeting to downsize the Fed's emergency lending powers.Only broad lending ...