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Business

Fraud possible in GM igntion switch trial

NEW YORK (AP) - A trial that was supposed to help settle hundreds of lawsuits stemming from General Motors' faulty ignition switches abruptly ended Friday, a day after the judge raised questions about the plaintiff's truthfulness.U.S. District Judge Jesse Furman called ending the trial the ...

Business & labor at a glance

Local bank stocks hold their groundLocal bank stocks continued to hold steady this week, with First Niles Financial remaining at $9 a share and Cortland Bancorp staying at $15.50 a share in trading Thursday.Starbucks' sales up during last quarterSEATTLE - Starbucks says sales rose 9 percent in ...

Business & labor at a glance

Local bank stocks hold steady Wed.Local bank stocks held steady in trading Wednesday, with First Niles Financial closing at $9 a share and Cortland Bancorp closing at $15.50 a share.Wal-Mart: Raises for most workersNEW YORK - The vast majority of Wal-Mart's U.S. employees will get raises as ...

Turbulent day of trading

NEW YORK (AP) - U.S. stocks struggled through a turbulent day of trading Tuesday and eked out small gains, led by utility and consumer stocks. The price of crude oil continued to fall, and energy and mining stocks tumbled.Stocks in Asia and Europe had rallied earlier in the day as investors ...

Univision buys stake in The Onion

NEW YORK (AP) - The Spanish-language broadcaster Univision is buying a stake in the owner of satirical website The Onion, in what may be considered a serious grab for younger viewers."I'm happy to announce that we've just finished a deal with what might at first seem like an unusual partner: ...

Netflix out to conquer world with U.S. growth moderating

SAN FRANCISCO- As its U.S. subscriber growth tapers off, Netflix's Internet video service is setting out to conquer the rest of the world in an audacious expansion likely to sway the company's stock and the prices it pays for TV shows and movies.The stakes riding on Netflix's next act came into ...

Deal to keep Central Park’s horses would banish pedicabs

NEW YORK- New York's pedicab operators say they were the unwitting victims of some political horse trading.In an angry protest Tuesday, the city's bicycle taxi drivers charged that their most lucrative routes pedaling tourists through Central Park were outlawed without their knowledge as part ...

Business & labor at a glance

GREENWOOD TO CELEBRATE SHOWROOM OPENING: Greenwood Chevrolet, 4695 Mahoning Ave., Austintown, will celebrate the grand opening of its new showroom at 11 a.m. Tuesday. The event will include a tour of the new showroom and customer lounge, as well as new products being produced by Chevrolet.GOOD ...

Allegiant chief operating officer to resign

LAS VEGAS - The chief operating officer of Allegiant Air is resigning.KTNV-TV reports that 52-year-old Steve Harfts is leaving after serving in the position for about a year. He first joined Allegiant in December 2014.Allegiant operates flights into and out of the Youngstown-Warren Regional ...

2016 tax season opens Tuesday

Other than the few extra days Americans have been given to file their taxes this year, little has changed when it comes to completing a return and getting it signed, sealed and delivered to to the Internal Revenue Service."Last year there was a little more to it because you had to mark whether ...

Local home sales up in ’15

WARREN - Home sales in Trumbull County increased 8.3 percent last year compared with 2014, despite fewer listings.In 2015, there were 1,998 closed sales in the county, compared with 1,845 in 2014, according to the Warren Area Board of Realtors.New listings were down 2.5 percent, from 3,020 in ...

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 ...