Business

U.S. traders worry about global growth

NEW YORK (AP) - The stock market stumbled Monday as investors worried that the global economy could be slowing just as last week's blockbuster U.S. jobs report appeared to open the way to the first rate hike from the Federal Reserve in nearly a decade. It was the first notable decline for the ...

Electric car startup to build $1B factory

LOS ANGELES - The luxury electric car market may be small, but it's lucrative enough to get another jolt - this time from a mysterious startup that says it wants to re-imagine how people interact with their autos.The startup's name is Faraday Future, and it has been hunting for a place to build ...

UAW-GM negotiations continue

Tribune ChronicleLORDSTOWN - Although a majority of United Auto Workers members voted to ratify a new four-year labor agreement with General Motors, as of Sunday night, there was still no national contract in place.The international union announced that together the skilled trades and ...

Business briefs

New businessesAPISA ACCOUNTING OPENS IN AUSTINTOWN: Andrea S. Apisa Professional Accounting and Tax Service, 25 N. Canfield-Niles Road, Suite 10, Austintown, recently opened with a ribbon cutting. The business offers a range of services to business and individuals including bookkeeping, ...

Survey: U.S. gasoline prices up a penny

CAMARILLO, Calif. (AP) - The average price of gasoline rose a penny over the past two weeks, to $2.25 a gallon.Industry analyst Trilby Lundberg reports Sunday that the slight increase comes after prices previously fell 63 cents over 19 weeks.Lundberg says the end of the price decline comes as ...

Laborers stage protest as Dubai Airshow begins

DUBAI, United Arab Emirates (AP) - Hundreds of migrant laborers have staged a protest near the airport hosting the biennial Dubai Airshow.Associated Press journalists saw the workers gathering and shouting along a road leading to the Dubai World Central airport, the Gulf city's second ...

New meaning of ‘fulfillment center’

WARREN - Max and Zach Zitney can't recall when they were first bitten by the entrepreneural bug.The twins, now 23, mowed grass for eight years even before starting college.Now they're setting up shop in Warren and in the process, planning to provide jobs to area residents "on the road to ...

Oklahoma town knows how to survive oil busts

PONCA CITY, Okla. - It's a slow day at Fun Bob's shaved ice stand, though the temperature is in the 80s. With summer over, only an occasional car pulls up to the blue-and-white-striped shack where David Anderson sits atop a picnic table and explains his plan for replacing the income from the ...

Trade commission rules against Korea, Turkey imports

WARREN - The U.S. International Trade Commission on Friday determined that certain welded line pipe imported from Korea and Turkey has caused material injury to American companies, including manufacturers with local ties, that produce it.TMK IPSCO, which has a plant in Brookfield, and Energex, ...

Presby retires from Chamber

YOUNGSTOWN - The Youngstown Warren Regional Chamber's business development manager for Mahoning County has announced his retirement.Tom Presby will retire in January. Chamber leaders said they hope to hire his replacement in the coming months.Presby joined the chamber in 2001, managing Mahoning ...

Dominion East Ohio’s rates lowest in 35 years

WARREN - November rates for Dominion East Ohio's Standard Choice Offer / Standard Service Offer are 50.6 percent lower than they were the same month last year.Effective Tuesday, this month's rates are $2.053 per $2.658 per thousand cubic feet (mcf) - the lowest the company has offered since ...

Panera hatches plans to use cage-free eggs

ST. LOUIS - Panera Bread on Thursday became the latest restaurant chain to announce plans to stop using eggs from cage-confined hens.The suburban St. Louis-based chain said it will use 100 percent cage-free eggs in its U.S. restaurants by 2020. McDonald's and other chains have made similar ...

Parker Hannifin issues plant closing notice

YOUNGSTOWN - Parker Hannifin Corp. has made official its plans to close its local hydraulic gear pump plant beginning early next year.The Cleveland-based company recently issued a WARN notice as required by the Workers Adjustment and Retraining Notification Act. The notice states the company ...

Mixed results for local bank stocks

Local bank stocks marked mixed results from trading on Thursday. Cortland Bancorp dropped 25 cents to close at $14.50 a share, while First Niles Financial stood pat at $8.51 a share.

Slight changes in local bank stocks

Local bank stocks changed slightly in trading on Wednesday compared to the previous day. Cortland Bancorp rose 5 cents to close at $14.75 a share, while First Niles Financial dropped a penny to close at $8.51 a share.

U.S. car sales moving toward record year

LORDSTOWN - Despite a sales decline last month of General Motors' Chevrolet Cruze, the automaker saw its best October since 2003, according to the company's latest monthly sales report released Tuesday.GM's Chevrolet, Buick, GMC and Cadillac brands sold 262,993 vehicles in the United States ...

No change seen in local bank stocks

Local bank stocks stood pat in trading on Tuesday. Cortland Bancorp remained at $14.70 a share at closing, while First Niles Financial stayed at $8.52 a share.

CHS releases 3rd-quarter earnings repor

Community Health Systems Inc., which operates ValleyCare Health System of Ohio, on Monday released its finalized earnings report for the third quarter of the year, reflecting a 1.4 percent increase in net operating revenue.The Franklin, Tenn.-based company recorded net operating revenue of ...

Local stocks

Local bank stocks recorded mixed results in trading on Monday. Cortland Bancorp rose 15 cents to close at $14.70 a share, while First Niles Financial stayed at $8.52 a share.

Work to begin on new Warren recycling center

WARREN - Financing for a planned recycling center on Front Street SW has been finalized, according to the owner of the company looking to establish the facility.Tony Grech of Howland, owner of North East Ohio Automated Recycling Center, said Monday he signed the final paperwork with ...