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Business

After bad day, stocks rebound

Energy stocks led a broad rally in U.S. stocks Thursday, giving the market its biggest gain in over a month.A recovery in crude oil prices helped put stocks into rebound mode a day after the market had its worst drop since September. Investors also welcomed some encouraging company ...

Intimacy firm boosts sales

CINCINNATI - An Ohio-based company selling products promoted for better sex lives is getting bigger again.Cincinnati's Pure Romance says it acquired a similar company in a deal expected to increase revenues by nearly 20 percent, expand geographical reach and add thousands of consultants to its ...

Jobless claims lowest since 1973

COLUMBUS - New state data shows the number of unemployment benefits claims filed in Ohio last year was the lowest since 1973.The Columbus Dispatch reports just under 422,000 applications for benefits were filed in 2015 as the state's unemployment rate dropped to its lowest level in more than a ...

Mixed results for local bank stocks

Cortland Bancorp shares fell 40 cents in trading Thursday, closing at $15.50 per share. First Niles Financial held steady, closing at $9 per share.

Goldman Sachs will pay $5B in mortgage settlement

NEW YORK - Goldman Sachs said Thursday it will pay roughly $5 billion to settle federal and state probes of its role in the sale of shoddy mortgages in the years leading to the housing bubble and subsequent financial crisis.Coming nearly eight years after the crisis, the settlement is by far ...

Iconic hotels, other landmarks at Yosemite must change names

FRESNO, Calif. - The names of iconic hotels and other landmarks in the world-famous Yosemite National Park will soon change in an ongoing battle over who owns the intellectual property, park officials said Thursday.The luxurious Ahwahnee will become the Majestic Yosemite Hotel, and Curry ...

Trump, Cruz go at it other

NORTH CHARLESTON, S.C. - Republican presidential candidates Donald Trump and Ted Cruz clashed Thursday night over the Texas senator's eligibility to serve as commander in chief and the businessman's "New York values," ending months of civility between fiery contenders seeking to tap into voter ...

British actor Alan Rickman dead at 69

LONDON- British actor Alan Rickman, a classically trained stage star and sensual screen villain in the "Harry Potter" saga and other films, has died. He was 69.Rickman's family said that the actor died early Thursday in London after a battle with cancer.Daniel Radcliffe, who played opposite ...

Business & Labor at a glance

Local bank stocks see no changeLocal bank stocks stood pat in trading Wednesday, with First Niles Financial closing at $9 a share and Cortland Bancorp closing at $15.90 a share.Camera maker GoPro to cut jobsNEW YORK - Wearable-camera maker GoPro says it will eliminate about 100 jobs after its ...

Boardman Kmart to close in April

BOARDMAN - The Kmart store at 1209 Boardman Poland Road will close in mid-April, according to a press release sent Tuesday.Until then, the store will remain open for customers and begin its liquidation sale Jan. 24.The release, which was from Sears Corporate Communications Director Howard ...

Local bank stocks see little change

First Niles Financial held steady at $9 per share in trading Tuesday, while Cortland Bancorp shares rose 15 cents to close at $15.90 per share.

FAA workgroup recommends keeping radar at area facility

VIENNA - A Federal Aviation Administration workgroup says radar operations should continue at the Youngstown Warren Regional Airport and not be moved to another facility.The recommendation, released last week, was made to FAA administrators, the Professional Aviation Safety Specialists AFL-CIO ...

Trial starts in GM ignition switch case

NEW YORK (AP) - A jury was selected Monday for a Manhattan civil trial aimed at testing the legal boundaries of hundreds of claims remaining against General Motors over faulty ignition switches.Opening statements were scheduled for Tuesday in the first of six trials scheduled over the next year ...

High court ready to scrap mandatory public union fees

WASHINGTON - The Supreme Court appears ready to deliver a major setback to American unions as it considers scrapping a four-decade precedent that lets public-sector labor organizations collect fees from workers who decline to join.During more than an hour of oral arguments Monday, the high ...

Blue Bell says ice cream safe

HOUSTON (AP) - Blue Bell Creameries is reassuring customers that its ice cream is safe as it tries to determine if listeria has again been found at one of its facilities.The Texas company is returning its products to stores following contamination last year that prompted a national recall.The ...

Mixed results for local bank stocks

First Niles Financial started the week Monday at the same closing price of $9 per share as it held all last week. Cortland Bancorp continued its yo-yo trend, closing at $15.75 per share in trading Monday, down 15 cents from its high of $15.90 last week.

AT&T experimenting with unlimited data cellphone plans for smartphones

NEW YORK (AP) - AT&T is once again experimenting with offering unlimited data plans to smartphone customers while promoting its DirecTV service, signaling a potential reversal of industry trends toward data caps and charges for big video watchers.AT&T is trying to capitalize on ...

Business briefs

SHEELY'S RANKED TOP RETAILER: Home Furnishings Business, a national publication for the home furnishings industry, has named Sheely's Furniture & Appliance in North Lima the number one independent furniture store in the United States operating within a single state and the publication's ...

Business & Labor at a glance

Local banks see mixed results Fri.For the fifth day in a row, First Niles Financial closed at $9 a share in trading Friday, while Cortland Bancorp returned to its Monday high of $15.90 a share after dropping 15 cents Tuesday, standing pat Wednesday and losing another nickel Thurday, when it ...