×

Business

Navistar to pay $7.5 M fine

CHICAGO (AP) - Navistar International Corp. will pay $7.5 million to settle Securities and Exchange Commission complains about the company's claim to investors that it had developed an engine that could be certified to meet U.S. emission standards, the SEC announced Thursday.The Lisle, ...

U.S. considers easing ban on dollars to help Iran

WASHINGTON - The Obama administration is considering easing financial restrictions that prohibit U.S. dollars from being used in transactions with Iran, U.S. officials said. Angry lawmakers countered that Tehran would be getting more than it deserves from last year's nuclear accord.While no ...

DuPont won’t reopen Texas plant where leak killed four in 2014

HOUSTON (AP) - DuPont has decided not to reopen a Southeast Texas pesticide plant idled since a gas leak killed four workers in 2014.In an email to the Houston Chronicl , DuPont spokesman Gregg Schmidt said the company believes changes in market conditions since the La Porte plant shut down ...

Local bank stocks remain level

Cortland Bancorp and First Niles Financial reported no changes following trading on Tuesday. Cortland closed at $15.50 a share and First Niles closed at $8.15 a share.

Local banks stocks hold steady

Cortland Bancorp and First Niles Financial closed Monday as they did on Thursday. Cortland closed at $15.50 and First Niles, $8.15.

Business briefs

CORTLAND BANKS SUPPORTS YBI: Cortland Banks has donated $5,000 to the Youngstown Business Incubator in support of the organization's expanded services in both information technology and advanced manufacturing. The University Business Incubator Index from Stockholm, Sweden, named the YBI, which ...

Youngstown Warren Regional Airport gets update in time for new air service

VIENNA Parking spilled over from the temporary and permanent lots at the Youngstown Warren Regional Airport on Thursday - the typical scene on a scheduled flight day.Days like that, along with the overall activity at the Vienna airport, are soon to be multiplied with the long-awaited restart ...

Jobless requests remain low, even with more applications

WASHINGTON (AP) - More people sought U.S. unemployment aid last week, but applications are still at a low level consistent with steady job growth.The Labor Department says weekly applications for unemployment benefits rose 6,000 to a seasonally adjusted 265,000. The four-week average, a less ...

Port panel moves projects forward

Tribune ChronicleBOARDMAN - The Western Reserve Port Authority has agreed to accept $199,478 from the state's JobsOhio program to complete an environmental assessment on the former Delphi Electric property in Warren.Warren native Christopher Alan is looking to turn the site on Dana Street into ...

U.S. mortgage rates decline after hikes

WASHINGTON (AP) - Average long-term U.S. mortgage rates declined this week after three straight weeks of increases. The decline could be a spur to prospective buyers as the spring home buying season gets started.Mortgage buyer Freddie Mac said Thursday the average rate on a 30-year, fixed-rate ...

Leases rising slowly

By JOSH BOAKThe Associated PressWASHINGTON - U.S. renters saw their monthly leases rise at a significantly slower pace in February, a sign that new construction may be starting to limit housing costs for apartment dwellers.Real estate data firm Zillow said Thursday that median rent rose a ...

Local bank stocks stand pat

After falling earlier in the week, Cortland Bancorp held steady for the second day in a row on Thursday to close at $15.50 share. First Niles Financial also stood pat after a recent decline to close at $8.15 a share following Thursday's trading. The stock market is closed today and will reopen ...

Volkswagen gets a month for diesel emissions plan

SAN FRANCISCO - Volkswagen and government regulators must present a detailed plan within a month on getting nearly 600,000 diesel cars to comply with clean air laws or risk the possibility of a trial this summer over an emissions cheating scandal, a federal judge said Thursday.Senior U.S. ...

VW, Porsche recall 800,000 SUVs because of pedal issue

BERLIN (AP) - Volkswagen and its Porsche unit say they're recalling a total of about 800,000 Touareg and Cayenne SUVs worldwide because of a potential problem with the pedal system.Volkswagen said Thursday that it is recalling 391,000 Touaregs worldwide because of a problem that was detected in ...

Oil, metals fall in late trading

By ALEX VEIGAThe Associated PressEnergy and mining companies led a decline for U.S. stocks in late-afternoon trading Wednesday as the prices of oil, metals and other commodities fell. Disappointing earnings from several companies, including Nike, also weighed on the market.The Dow Jones ...

American Airlines plans employee profit sharing

DALLAS - Coming off record earnings, American Airlines says it will make profit-sharing payments to employees.American said Wednesday that it will share 5 percent of its pretax earnings with all employees, except top management, starting in early 2017 based on 2016 results. Including its ...

Results prove to be mixed for local banks

After plunging 73 cents in trading Tuesday, Cortland Bancorp held steady Wednesday, closing at $15.50 share. First Niles Financial continued its decline, losing an additional 35 cents per share to close at $8.15 a share in trading Wednesday.

910th commander gets chamber award

BOARDMAN - Before Col. James Dignan leaves his post as commander of the 910th Airlift Wing, he intends to let as many people as possible know about the Youngstown Air Reserve Station."Everyone in this Valley will know the base is here and how important it is to every one of us," Dignan said ...

Pickets protest new casino owner

ATLANTIC CITY, N.J. (AP) - The name on the casino-hotel still says TRUMP in huge letters, but a different famous billionaire now owns the joint.And like his predecessor, Donald Trump, investor Carl Icahn knows a thing or two about getting attention - and the best deal possible.On Wednesday ...

Brazilian firms donate to politicians

RIO DE JANEIRO (AP) - In another stunning turn in the snowballing corruption investigation that is shaking Brazil, top newspapers on Wednesday released scans of dozens of spreadsheets seized by police listing what appeared to be payments by one of the country's biggest companies to about 200 ...