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Business

Dominion Energy releases cheaper August rates

WARREN — Dominion Energy Ohio’s standard choice and standard service rates are $2.36 per thousand cubic feet (Mcf) for August. The new rates are 53 cents — or 18.4 percent — less than the August 2018 rates of $2.89 per Mcf and 15 cents — or 6 percent — less than the July rates of ...

Gas prices up this week across the Mahoning Valley

WARREN — Motorists in the Warren-Youngstown and Niles areas can expect to pay more for their gasoline this week. The average per gallon price in Warren-Youngstown is $2.71 and in Niles, $2.79, compared to $2.67 per gallon the week of July 28, according to AAA East Central’s Gas Price ...

Arconic declares $200M share repurchase

WEATHERSFIELD — Arconic, which has a plant in the township, has entered into an accelerated share repurchase agreement with Goldman Sachs & Co. to buy back $200 million of Arconic’s common stock. Under the agreement announced this week, Arconic will receive initial delivery of 6.8 ...

Local bank stocks stand pat again in trading

First Niles Financial and Cortland Bancorp remained stagnant in trading Tuesday, closing at $8 and $23.10 per share, respectively, for the third consecutive day.

Arconic reports 2Q financials

WEATHERSFIELD — Arconic, which has a plant in the township, reported on Tuesday revenue of $3.7 billion, up 3 percent over last year. The company reported a net loss of $121 million, or 27 cents per share, mainly driven by non-cash asset impairments of $357 million compared to a net ...

Cortland Bancorp reports earnings

CORTLAND — Cortland Bancorp, parent company of Cortland Bank, announced its first-half financial results included net income of $3.4 million, or 79 cents per share. That’s 4.3 percent more than last year’s $3.3 million, or 75 cents per share. For the second quarter, net income was ...

Local bank stocks stagnant

First Niles Financial and Cortland Bancorp closed trading Monday in the same position as Friday, at $8 and $23.10 per share respectively.

Local bank stocks stagnant

First Niles Fincial and Cortland Bancorp closed trading Monday in the same position as Friday, at $8 and $23.10 per share respectively.

Business briefs

CHAMBER’S ANGELO GRADUATES FROM FELLOWSHIP PROGRAM: Marcy Angelo, manager of business development at the Youngstown Warren Regional Chamber, recently graduated from the U.S. Chamber of Commerce Foundation’s premiere business leadership program. The inaugural Business Leads Fellowship ...

‘Wealth work’ jobs growing fast

WASHINGTON — Ken McNamee has an upfront view of the river of wealth cascading through Seattle these days. A private chef, McNamee prospects for clients at the tony country club where he spends part of his week preparing luxe meals. The parking lot is dotted with Ferraris and Porsches. The ...

Local bank stocks post losses in Friday trading

After surging Thursday and gaining 84 cents, Cortland Bancorp lost it Friday, ending the week at $23.10 per share. First Niles Financial lost a dime on Friday, closing at $8 per share heading into the weekend.

Local bank stocks mixed in Thursday trading

Cortland Bancorp’s stock price surged on Thursday, gaining 84 cents in trading to close at $23.94 per share. First Niles Financial again held steady, closing at $8.10 per share.

Sales tax holiday set for this weekend in Ohio

WARREN — Ohio’s back-to-school sales tax holiday is Friday through Sunday. During the three days, there will be no state or local sales tax on school and teaching materials up to $20 each. The exemption also applies to certain items of clothing up to $75 each. State lawmakers made ...

Local bank stocks hold steady Wednesday

Cortland Bancorp held steady in trading Wednesday to close at $23.10 per share. First Niles Financial also held steady, closing at $8.10 per share.

Akron’s Children’s founds Center for Gender Affirming Medicine

AKRON — Akron Children’s Hospital, which has locations in Trumbull and Mahoning counties, has created the Center for Gender Affirming Medicine to care for transgender patients and LGBTQ+ youth. Patients will see a multidisciplinary team that includes gender-affirming medical providers, as ...

Local gas prices below average in northeast Ohio

WARREN — Gas prices in the Warren-Youngstown and Niles areas are below the average for northeast Ohio, according to AAA East Central’s Gas Price Report. Motorists this week in the Warren-Youngstown area can expect to pay an average of $2.57 per gallon and in Niles, $2.61 per gallon. The ...

Business briefs

SWEENEY NAMED AMONG TOP GM DEALERS: Sweeney Chevrolet and Sweeney GMC have been recognized by General Motors with the 2018 Mark of Excellence award, the automaker’s top recognition for dealerships. Sweeney’s local dealerships are the only GM dealerships in the Mahoning Valley to earn the ...

Top tech leaders come to Warren

WARREN — As many as 300 top tech industry leaders and energy innovation players will pack downtown Warren to learn and to do business in the field of energy production. The two-day “Manufacturers, Utilities & the Disruptors Between Them” gathering will “accelerate the pace” of ...