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Business

Stoneridge to move from Howland to Michigan

HOWLAND - A locally based company that designs and makes electrical components primarily for the automobile industry has announced plans to move its corporate headquarters to Novi, Mich.Stoneridge Inc. has been based in Howland since its founding in 1965. The company, which has about 4,100 ...

Consumers see jump in prices at gas pump

WARREN - Local gas prices have jumped more than 20 cents from where they were a month ago, according to AAA auto club.AAA on Monday reported that the average price for a gallon of regular gasoline in the Warren-Youngstown area was $1.86 versus $1.62 the same time last month, but still less ...

Area financial stocks stand pat

Local bank stocks were unchanged following trading on Monday. Cortland Bancorp stood pat to close at $16.23 per share, while First Niles Financial remained at $8.67 a share.

Sherwin-Williams buying rival Valspar for $9B

WASHINGTON - Sherwin-Williams, which has long claimed to "cover the Earth" with its paints, is buying rival Valspar for about $9 billion in a move that it says will expand its reach in Asia and Europe.Sherwin-Williams said Sunday that it is paying $113 a share in cash, a 35 percent premium to ...

China says it welcomes new foreign businesses

BEIJING - China's top planner tried to reassure foreign companies they are welcome in its slowing, state-dominated economy in a speech Sunday aimed at dispelling growing anxiety Beijing is squeezing them out of promising industries.Speaking to an audience that included executives of top global ...

Judge drops FedEx charges

SAN FRANCISCO (AP) - A federal judge dismissed the bulk of criminal charges against FedEx Corp. in a case alleging it knowingly shipped illegal prescription drugs.Senior U.S. District Court Judge Charles Breyer said Friday the government named the wrong defendant in an agreement that gave it ...

Mixed results for local bank stocks

Local bank stocks were mixed following trading on Friday. Cortland Bancorp stood pat to close at $16.23 per share. However, First Niles Financial fell 18 cents to close at $8.67 a share.

Dow positive for 2016

NEW YORK (AP) - Another surge in U.S. stocks Thursday, on the heels of a four-week rally, turned the Dow Jones industrial average positive for the year and wiped out its losses from a terrible start to 2016.The price of gold and silver and oil jumped, boosting materials and energy companies. ...

Business & labor at a glance

U.S. job market stumbles in Jan.WASHINGTON - The U.S. job market stumbled a bit in January, yet data released Thursday suggests the slowdown was likely temporary.Total hiring fell sharply that month, the Labor Department said, and the number of people quitting their jobs also dropped.Yet ...

Friday, March 18, 2016 Business & Labor Tribune Chronicle • 3D More mixed results? Gordmans Stores serves up its latest quarterly results today. Financial analysts anticipate that the discount retailer will report that earnings for its fiscal fourth-quart

LOS ANGELES - Google wants Congress to create new federal powers that would let the tech giant receive special, expedited permission to bring to market a self-driving car that has no steering wheel or pedals.The proposal, laid out in a letter to top federal transportation officials, reveals ...

Long-term mortgage rates rise

WASHINGTON (AP) - Average long-term U.S. mortgage rates rose this week for the third straight week. Long-term rates have reversed the upward trend that took hold at the start of the year amid economic anxiety and market turbulence.However, rates still remain at historically low levels at the ...

Automakers agree to put automatic braking in cars

WASHINGTON - Automatic braking will be standard in most cars and light trucks within six years and on heavier SUVs and pickup trucks within eight years under an agreement that transportation officials and automakers announced on Thursday.The voluntary agreement with 20 car manufacturers means ...

TransCanada to buy pipeline group

NEW YORK (AP) - TransCanada Corp., the Canadian company behind the Keystone XL pipeline, has agreed to buy Columbia Pipeline Group for nearly $10 billion as it expands in the U.S.Houston-based Columbia Pipeline owns 15,000 miles of interstate natural gas pipelines that extends from New York to ...

Chamber looks to market area sites

YOUNGSTOWN - The Youngstown Warren Regional Chamber's economic development team, in partnership with JobsOhio and TeamNEO , is asking a new state program to review 40 area land sites and consider them for marketing.Chamber leaders said the goal is to have SiteOhio market the plots in Trumbull ...

Local stocks unchanged

There was no change in local bank stocks following trading on Wednesday. Cortland Bancorp and First Niles Financial each stood where they have been since last Friday, closing at $16.23 a share and $8.85 a share, respectively.

Area home sales up during February

WARREN - February was a good month for home sales as Trumbull and Mahoning counties each saw increases in closed transactions compared to the same month last year.Home sales in Trumbull County rose 9.1 percent from 121 closings in February 2015 to 132 last month, according to the Warren Area ...

Salsitas named in suit filed by Dept. of Labor

YOUNGSTOWN - The U.S. Department of Labor has accused a Mexican restaurant chain of failing to pay workers minimum wage and overtime.Thomas E. Perez, labor department secretary, filed the complaint against Salsitas Inc. and Oscar McBenttes of Tallmadge, identified as a corporate officer and ...

Local financial stocks stand pat

Local stocks remained unchanged in trading on Tuesday with Cortland Bancorp closing at $16.23 a share and First Niles Financial closing at $8.85 a share.

GM, UAW Local 1112 to host open house

LORDSTOWN General Motors and United Auto Workers Local 1112 are planning an open house May 20 at the local plant to observe the 50th anniversary of the first car built there.The event will be 9 a.m. to 7 p.m. at the Lordstown Complex East plant.Company and union leaders said the open house ...

No change in local bank stocks

Local bank stocks stood pat in Monday trading with Cortland Bancorp closing at $16.23 a share and First Niles Financial closing at $8.85 a share.