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Business

Prosecutor: Ohioan pleads guilty in $1M scheme

COLUMBUS (AP) - Federal authorities say an Ohio man charged in an investment fraud scheme involving more than $1 million has pleaded guilty to one count of wire fraud.The U.S. Attorney's Office said Monday that 42-year-old Mark Preston French entered the plea last week in U.S. District Court in ...

U.S. stocks jump with price of oil

NEW YORK (AP) - U.S. stocks jumped Tuesday as the price of oil made another abrupt reversal, this time rising almost 4 percent after falling sharply the day before.Energy stocks climbed along with the price of oil, and Chevron and Exxon Mobil made major gains. Strong fourth-quarter results from ...

Jobless rate up in Warren area

Tribune ChronicleWARREN - Area jobless rates in December were higher compared to the same time in 2015. The increase is attributed by state officials to the growth in the labor force and employer cutbacks.In Trumbull and Mahoning counties, the unemployment rate was 7.5 percent last month, up ...

Apple sales may drop

SAN FRANCISCO (AP) - Apple is bracing for its first sales decline in 13 years, despite selling a record 74.8 million iPhones in the final three months of 2015, in what may prove to be a turning point for the world's most valuable company.The tech giant says revenue could fall at least 8.6 ...

Nevada justices hear casino case

LAS VEGAS (AP) - The question of whether casino magnate Sheldon Adelson's company has to pay a $70 million judgment to a Hong Kong businessman for helping to secure business in Macau is now before the Nevada Supreme Court.Justices made no immediate ruling Tuesday.

Local bank stocks mixed at close of trading

Local bank stocks were mixed at the closed of trading on Tuesday. Cortland Bancorp rose 85 cents to close at $16.85 per share, while First Niles Financial stood pat at $9.15 per share.

Local financial stocks see increase

Local bank stocks rose in trading Monday, with Cortland Bancorp increasing 45 cents a share to close at $16 per share, while First Niles Financial rose 15 cents a share to close at $9.15 per share.

Business briefs

l Home Savings has new VP: The Home Savings and Loan Company announced the hiring of Timothy A. Beaumont as vice president, commercial relationship manager serving the Mahoning Valley. Beaumont has more than 30 years of experience as a commercial banker specializing in credit, cash management, ...

Realtors president expects growth

WARREN - Transitioning from managing an apartment complex to selling houses seemed like a logical step for Theresa Liguori-Thompson.Liguori-Thompson, a real estate agent since 2001, said she has approached each job with the goal of helping someone find the right home."They're really very ...

Tax tips

The IRS offers these tips to better protect your tax records.-- Always retain a copy of your completed federal and state tax returns and their supporting materials. These prior-year returns will help you prepare your next year's taxes, and receipts will document any credits or deductions you ...

Realtors president expects growth

WARREN - Transitioning from managing an apartment complex to selling houses seemed like a logical step for Theresa Liguori-Thompson.Liguori-Thompson, a real estate agent since 2001, said she has approached each job with the goal of helping someone find the right home."They're really very ...

Retain copies of your returns

The IRS offers these tips to better protect your tax records.l Always retain a copy of your completed federal and state tax returns and their supporting materials. These prior-year returns will help you prepare your next year's taxes, and receipts will document any credits or deductions you ...

As oil prices rise, so does market

NEW YORK (AP) - U.S. stocks made their biggest gain in more than a month on Friday as oil prices surged, lifting energy stocks. Tech stocks also climbed as Apple jumped the most since August.Energy companies soared after the price of U.S. crude jumped 9 percent. Oil prices reached their lowest ...

1 dead in listeria outbreak linked to packaged lettuce

WASHINGTON (AP) - Packaged salads produced at a Dole facility in Ohio are linked to one death in Michigan, the Centers for Disease Control and Prevention said Friday.The CDC said 12 people in six states have been hospitalized in the outbreak since July after eating salads sold under the names ...

Huntington Bank reports 9 percent growth in year

Tribune ChronicleWARREN - Huntington Bancshares Inc., holding company of Huntington Bank, on Thursday reported net income for the 2015 fourth quarter of $178 million, or a 9 percent increase from the year-ago quarter.Earnings per common share for the 2015 fourth quarter were 21 cents, up 11 ...

Address of legitimate business used in timeshares scheme

Tribune ChronicleYOUNGSTOWN - The Better Business Bureau is warning consumers that a problem business is using the address of a legitimate business in Mahoning County to contact timeshare owners.DCM Resort Properties LLC has been contacting consumers by mail, phone or email across the country ...

Mixed results for local bank stocks

After holding steady all week at $15.50 per share, Cortland Bancorp rose a nickel in trading Friday, closing at $15.55 per share. First Niles Financial stood pat at $9 per share.

GM to renovate Detroit HQ

DETROIT- General Motors Co. says it's expanding and renovating its downtown Detroit headquarters.The automaker announced Friday that upgrades to the Renaissance Center will include a multi-story addition and a large, LED video screen that wraps over the People Mover station in front of the ...

General Electric tops 4Q prediction

General Electric topped Wall Street expectations for the fourth quarter and reaffirmed its target for 2016, but shares slipped before the opening bell as the company's industrial revenue declined.The industrial conglomerate on Friday reported earnings of 52 cents per share, excluding the ...

Unemployment jumps in Ohio

COLUMBUS - The state's unemployment rate was up in December compared to the previous month even as the number of jobs in Ohio increased.An Ohio Department of Job and Family Services release says Ohio's unemployment rate was 4.7 percent in December 2015. That was up from 4.5 percent in November. ...