Local News

Tuesday, January 27, 2015

CANFIELD, Ohio -- Farmers National Banc Corp., the holding company for The Farmers National Bank of Canfield, and National Bancshares Corp., the holding company for First National Bank of Orrville, announced today they have entered into an agreement and plan of merger. Each shareholder of National Bancshares will be entitled to elect to receive either $32.15 per share in cash or 4.034 shares of Farmers’ common stock, subject to an overall limitation of 80% of the shares being exchanged for stock and 20% for cash, the companies said. Based on Farmers’ volume weighted...

Tuesday, January 27, 2015

YOUNGSTOWN, Ohio -- Despite a slight uptick in rates in December, unemployment in Mahoning, Trumbull and Columbiana counties finished last year about two percentage points lower than 2013, data released this morning show. Both Columbiana and Mahoning counties posted an average unemployment rate during 2014 of 6.2%, down from 2013’s 8.1% in Columbiana County and 8.3% in Mahoning County. In Trumbull County, the 6.3% jobless rate last year was down from 8.3% the year before. Rates in all three counties last month were up slightly from the month before, although down...

Tuesday, January 27, 2015

ATLANTA – Aerodynamics Inc. this morning announced F. Darrell Richardson as its new CEO, president and chairman of the company. Richardson replaces Scott A. Beale, whose involvement with the carrier is at the heart of an order issued by the U.S. Department of Transportation last week questioning ADI’s fitness to operate. Youngstown-Warren Regional Airport has been working with ADI to potentially provide service to Chicago O’Hare International Airport. According to the news release announcing his appointment, Richardson has more than 40 years of industry experience,...

Tuesday, January 27, 2015

ATLANTA – Aerodynamics Inc. this morning announced F. Darrell Richardson as its new CEO, president and chairman of the company. Richardson replaces Scott A. Beale, whose involvement with the carrier is at the heart of an order issued by the U.S. Department of Transportation last week questioning ADI’s fitness to operate. Youngstown-Warren Regional Airport has been working with ADI to potentially provide service to Chicago O’Hare International Airport. According to the news release announcing his appointment emailed this morning, Richardson has more than 40 years of...

Tuesday, January 27, 2015

YOUNGSTOWN, Ohio -- Vallourec Star is making adjustments to its operations here in the face of plummeting oil prices, the company said Monday. "In response to the declining oil and gas market, Vallourec Star is developing alternative operating plans and schedules. These plans include flexibility in scheduling production, overtime and contractors. We are also working with suppliers and customers to closely monitor activity," the company said. "We’ve adapted successfully to similar downturns in the past," the statement continued. "Preservation of our employees and...

Tuesday, January 27, 2015

YOUNGSTOWN, Ohio -- The price of gasoline is down 9 cents in Northeast Ohio, the latest AAA East Central’s Fuel Gauge report shows, as the national average heads toward $2 per gallon. In Northeast Ohio, the average price of a gallon of gas this week is $1.893, down from $1.984 during the week of Jan. 19 and from $3.295 the week of Jan. 28, 2014. In Youngstown, the gauge shows the price at $1.896 per gallon, and at $1.874 in Niles. In Cleveland, the price was $1.902. While the streak of daily declines in the national averages continues, the rate of decline has slowed...

Tuesday, January 27, 2015

YOUNGSTOWN, Ohio -- Permits for new horizontal wells in eastern Ohio's Utica shale has slowed over the last two weeks, reflecting caution among energy companies wrestling with a market impacted by lower oil prices.  Eight permits were issued to companies for the week ended Jan. 24, according to the Ohio Department of Natural Resources, all of them in the southern tier of the Utica play. Five permits were issued to Antero Resources for wells in Seneca Township in Monroe County, while three others were issued to American Energy Utica LLC for wells in Smithfield...

Tuesday, January 27, 2015

YOUNGSTOWN, Ohio -- The Ohio Department of Natural Resources issued nine new permits for horizontal wells during the week ended Jan. 17, the agency reports. Chesapeake Exploration LLC, a subsidiary of Oklahoma City-based Chesapeake Energy Corp., received four new permits to drill wells in Carroll County at the Dean Ott farm in Washington Township. American Energy Utica LLC, a division of American Energy Partners, a company established by former Chesapeake CEO Aubrey McClendon, was awarded two new permits for wells in Guernesy County. Exxon Mobil subsidiary XTO Energy...

Tuesday, January 27, 2015

Author:  Dennis LaRue YOUNGSTOWN, Ohio -- In London is a plaque that honors Sir Christopher Wren, the architect who drew the plans to restore 52 churches in that city, including St. Paul’s Cathedral, after the Great Fire of 1666. It reads, “Lector si monumentum requiris circumspice,” Latin for, “Reader, if you seek his monument, look around you.” Harry Meshel, who has secured more funding for the Mahoning Valley, including Youngstown State University and the Youngstown Business Incubator, should one day have a similar plaque in...

Tuesday, January 27, 2015

Author:  George Nelson YOUNGSTOWN, Ohio -- Aerodynamics Inc. plans to release a statement this morning in response to the order issued by the U.S. Department of Transportation last week that not only called into question the carrier’s plans to provide daily service for Youngstown-Warren Regional Airport but its fitness to operate, airport aviation director Dan Dickten says.   An ADI spokesman said Monday that he expected the company to issue a statement later that day, but Dickten said later in the day that the release would be...

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