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Business

Energy companies lead the rise in U.S. stocks

NEW YORK (AP) - U.S. stocks climbed Wednesday as investors continued to recover some confidence in the health of the global economy. That sent oil prices higher and gave energy companies a boost, while materials companies also climbed higher.In Europe, a round of new rescue loans for Greece was ...

Business at a glance

Ford recalling pickup truckDETROIT - Ford is recalling some of its top-selling vehicles in the U.S. to fix a fluid leak that can reduce braking power.The recall covers about 271,000 F-150 pickups in North America from the 2013 and 2014 model years that have 3.5-liter V6 engines.Ford says brake ...

Inn visitors can stay inside but still visit Eastwood Mall

NILES - By the time the work taking shape at the Eastwood Mall Complex is done, guests lodging at the Residence Inn will be able to walk the corridor stretching from the inside of the hotel to the mall without having to step outside."I think that's one of the benefits, a nice feature, people ...

Congress strikes deal to help financially ailing Puerto Rico

WASHINGTON (AP) - A bipartisan deal to help Puerto Rico manage its crippling finances cleared its first hurdle Wednesday with approval from a Republican-led House committee.The bill to create a financial control board and restructure some of the U.S. territory's $70 billion debt has support ...

Mercy Health makes name change official

YOUNGSTOWN - Mercy Health Youngstown, formerly Humility of Mary Health Partners, has made its name change official.Bishop George Murry of the Catholic Diocese of Youngstown blessed the transition Monday during a ceremony at Mercy Health St. Elizabeth Youngstown Hospital. A sign with the new ...

April jobless rates in area up over last year

WARREN - Last month's unemployment rates were down from where they were in March, but up compared to April 2015.Trumbull County's jobless rate in April was 6.7 percent compared to 7.5 percent in March, according to the Ohio Department of Job and Family Services.However, in April 2015 the county ...

Local financial stocks are mixed

Local bank stocks were mixed following trading on Tuesday. Cortland Bancorp rose 32 cents to close at $15.75 a share, while First Niles Financial stood pat to close at $8.77 a share.

Golden opportunities

By VIRGINIA SHANKTribune ChronicleWARREN - Tucked away along a large swath of land where three Trumbull County communities meet are the remnants of what was once identified as the busiest manufacturing hub in the area - the Golden Triangle.At one time, thousands of people made their way to and ...

Boeing sells planes to VietJet

Boeing Co. is selling 100 aircraft worth about $11.3 billion at list prices to Vietnam's VietJet as the airline seeks to expand its international and domestic flights.Aircraft in deals of this size are typically sold at a discount to list prices, however.Boeing Co. said Monday that the planes, ...

Brown, Portman to testify against steel duties

WARREN - U.S. Sens. Sherrod Brown, D-Ohio, and Rob Portman, R-Ohio, are scheduled to testify at a hearing today in Washington on anti-dumping and countervailing duties.The hearing for a final determination on cold-rolled, hot-rolled and corrosion-resistant steel flat products is set to begin at ...

Business & labor at a glance

First Niles declares dividendNILES - First Niles Financial Inc., parent of Home Federal Savings and Loan Association of Niles, has announced a cash dividend of 3 cents a share on common stock and 4 cents a share on preferred class-A stock for the second quarter of 2016. The dividend will be ...

Business briefs

REAL LIVING REAL ESTATE RECOGNIZED: Real Living Volpini Realty Group recently announced that Real Living Real Estate, a real estate brokerage network operated by HSF Affiliates LLC, was named Real Estate Agency Brand of the Year and Most Loved real estate brand in the 28th annual Harris Poll ...

Following in dad’s footsteps

WARREN - Regina Rebhan Mitchell grew up watching her father, the late John C. Rebhan, run the family business.Now, as president of Warren Fabricating and Machining and a managing partner at its sister company Ohio Steel Sheet and Plate Inc., Mitchell, working with her brother and the CEO of ...

Making tough choices

NEW YORK -The government's new rules requiring overtime pay for millions of workers have small business owners facing some hard choices.The regulations being issued by the Labor Department Wednesday would double to $913 a week from $455 the threshold under which salaried workers must be paid ...

Regular folks are putting their cash into startups

NEW YORK - Last year, Randy Murphy went to DietBet.com and bet $25 that he could drop 4 percent of his weight in four weeks. After shedding about 20 pounds, he won back $50.Now he's making an even bigger bet: Murphy invested $1,000 in the company that owns DietBet, New York-based WayBetter ...

Local bank stocks stand pat

Local bank stocks remained unchanged following trading on Friday. Cortland Bancorp closed at $15.43 a share, while First Niles Financial closed at $8.80 a share.

Port Authority launches website

YOUNGSTOWN - The Western Reserve Port Authority's economic development division has launched a new website to keep business leaders, area officials and community members updated on its activities.The site provides information on financing options available to businesses through the Port ...

Federal panel: Pacific trade pact would deliver modest gains

WASHINGTON (AP) - A contentious trade deal between the United States and 11 Pacific Rim nations would give the U.S. economy a modest boost, an independent federal agency reported Wednesday.The U.S. International Trade Commission said the Trans-Pacific Partnership would increase economic growth ...

Mixed returns for local bank stocks

After maintaining its status quo for more than a week, Cortland Bancorp fell 32 cents in trading on Tuesday to close at $15.43 a share. First Niles Financial, which also has stood pat, saw no change to close at $8.80 a share.

Self-driving vehicles may be used too much

WASHINGTON - Self-driving cars are expected to usher in a new era of mobility, safety and convenience. The problem, say transportation researchers, is that people will use them too much.Experts foresee robot cars chauffeuring children to school, dance class and baseball practice. The disabled ...