×

Business

Name changes affect taxes

A name change can have an impact on your taxes, according to Internal Revenue Service experts.All the names on your tax return must match Social Security Administration records, and if they don't, a name mismatch can delay your refund.Here's what the IRS says you should know if you changed your ...

Business & labor at a glance

Local bank stocks end mixed FridayCortland Bancorp gained back most of the 50 cents that it lost in trading Thursday, to close at $16.45 per share Friday, which was a gain of 45 cents. First Niles Financial remained unchanged, closing at $9 a share.Stocks end best week of '16 so farNEW YORK - ...

Business & labor at a glance

Local bank stocks see mixed resultsAfter closing at $16.50 a share Tuesday and Wednesday, Cortland Bancorp lost 50 cents in trading Thursday to close at $16 a share. First Niles Financial remained unchanged, closing at $9 a share.Economic drag from Zika seenBOGOTA, Colombia - The spread of the ...

Local bank stocks stand pat

After gaining 16 cents in trading Tuesday, Cortland Bancorp saw no change in its stock price Wednesday, closing at $16.50 per share. First Niles Financial also remained unchanged, closing at $9 per share.

Fed official says U.S. must do more to prevent crisis

WASHINGTON (AP) - A Federal Reserve official who played a key role in the government's response to the 2008 financial crisis says the government should do more to prevent a repeat of that crisis, including considering whether the nation's biggest banks need to be broken up.Neel Kashkari, the ...

Business & labor at a glance

Upscale cheese could kill youWEST PALM BEACH, Fla. (AP) - Whole Foods is recalling a cheese sold in one store in Florida and another in New York City because it may cause potentially fatal food poisoning.Spokeswoman Liz Burkhart said in a news release Tuesday that the upscale Texas-based chain ...

Russia, Saudis agree to cap crude output

DUBAI, United Arab Emirates - Oil powerhouses Russia and Saudi Arabia joined Qatar and Venezuela in pledging Tuesday to cap their crude output if other producers do the same, aiming to halt a slide that has pushed oil prices to their lowest point in more than a decade.The decision followed an ...

Maple syrup producers don’t like fake versions

RICHMOND, Vt.- In the maple-rich areas of New England and the upper Midwest, producers don't approve of fakers.Last week, industry groups from Vermont to Michigan sent a letter to the Food and Drug Administration protesting food labeled as maple that they say doesn't contain the real thing.They ...

Oil money can’t build hotel

MONTGOMERY, Ala. - A federal judge on Tuesday blocked Alabama from using early oil spill restoration funds to build a 350-room beachfront hotel and conference center.U.S. District Judge Charles Butler ruled that state and federal trustees failed to comply with legal requirements to examine ...

Business briefs

REAL LIVING VOLPINI ANNOUNCES TOP AGENTS: Richard Volpini, president of Real Living Volpini Realty Group, recently announced the top agents in sales volume and listing units for 2015. Top selling agents by volume included Kim Griffin, Patty Helmick and Darlene Mink-Crouse from Trumbull County ...

Down on the farm Tax tips

Farms include ranches, ranges and orchards. While some might raise cattle, poultry or fish, and others grow fruits or vegetables, all will report their farm income on Schedule F, Profit or Loss From Farming. If you own a farm or ranch, here are 10 tax tips offered by the Internal Revenue ...

Jury: Smokers didn’t prove Marlboros have defective design

BOSTON (AP) - A federal jury has rejected claims by a group of Massachusetts smokers who sued Philip Morris USA to try to force the cigarette maker to pay for lung cancer screenings.The jury in its verdict Wednesday found that smokers in the class-action lawsuit didn't prove that Marlboro ...

U.S. stocks lower for fourth day

Jitters over the global economy and steep declines in bank stocks knocked U.S. stocks lower for the fourth day in a row Thursday.The slide in the U.S. followed large losses all around the world and left all three major U.S. indexes down at least 10 percent since the beginning of the year.The ...

Congress gives final OK to banning Internet taxes

WASHINGTON - Congress voted Thursday to permanently bar state and local governments from taxing access to the Internet, as lawmakers leapt at an election-year chance to demonstrate their opposition to imposing levies on online service.On a vote of 75-20, the Senate gave final congressional ...

Local bank stocks stand pat

Local bank stocks remained unchanged in trading Thursday, with Cortland Bancorp closing at $16.34 per share and First Niles Financial closing at $9 per share.

Head of Google in Europe grilled by UK lawmakers

LONDON - A British parliamentary committee has grilled Google's president of European operations, questioning in blunt terms whether the Internet giant had paid its fair share of taxes.The hearing Thursday comes amid public anger over a tax settlement the company made with U.K. authorities. ...

Ex-exec sentenced to 1 month in West Virginia chemical spill

CHARLESTON, W.Va. (AP) - A former Freedom Industries executive was sentenced Thursday to one month in federal prison for a chemical spill that fouled the drinking water supply of 300,000 West Virginians.Dennis Farrell also was fined $20,000 in U.S. District Court."I'm truly sorry for what ...

Business & labor at a glance

Local bank stocks see mixed closingsCortland Bancorp lost 16 cents a share in trading Wednesday, closing at $16.34 a share.First Niles Financial held steady, closing at $9 a share.VW, Audi, BMW recall 1.7 millionDETROIT - Volkswagen, Audi and BMW are recalling nearly 1.7 million vehicles with ...

CVS profits climbing thanks to acquisitions

Acquisitions helped CVS Health's fourth-quarter profit climb 13 percent, and leaders of the drugstore operator and pharmacy benefits manager said Tuesday that they expect to reap more gains.The Woonsocket, Rhode Island, company spent more than $10 billion to buy pharmaceutical distributor ...

Business & labor at a glance

Mixed results for local bank stocksCortland Bancorp gained 20 cents a share in trading Tuesday, closing at $16.50 per share. First Niles Financial stood pat, closing at $9 per share.GM recalling 473,000 trucksDETROIT- General Motors is recalling more than 473,000 trucks and SUVs in the U.S. and ...