Local News

Thursday, November 6, 2014

YOUNGSTOWN, Ohio -- In the sixth year of recovery -- the Great Recession having ended in June 2009 -- normality has returned to small-business owners and the accountants who serve them. Their concerns are retirement and succession planning, the effect of the Affordable Care Act on premiums they’ll pay for their employees’ health insurance, tax planning, how they’ll pay for their children’s (or grandchildren’s) college educations, on financing expansion or acquiring more space, on increasing their sales forces.    They are not struggling to repay debt or worried about...

Thursday, November 6, 2014

NEW YORK -- The funded status of the typical U.S. corporate pension plan fell 0.4 percentage point to 89.5% in October as liabilities increased faster than assets. Public defined-benefit plans, endowments and foundations beat their targets in October on the strength of rising asset values. For the typical corporate plan in October, assets rose 1.5%, trailing the 1.9% increase in liabilities, according to the BNY Mellon Institutional Scorecard from the BNY Mellon Investment Strategy and Solutions Group. This funded status is down 5.7% from the December 2013 high of 95...

Wednesday, November 5, 2014

SALEM, Ohio -- Renovations are underway at Salem Twin Cinema in anticipation of a planned Nov. 14 grand opening. A ribbon cutting and open house is set for 4 p.m. Thursday. The first movies expected to be shown in the new theater are the new Disney computer-animated film, “Big Hero 6,” and “Interstellar,” the Christopher Nolan-helmed space epic starring Matthew McConaughey, Anne Hathaway and Jessica Chastain.   Three cargo containers with the sound system components have been delivered as well as the 300 seats to be assembled and installed. Remodeling work has been...

Wednesday, November 5, 2014

WARREN, Ohio -- Covelli Enterprises will offer service members on active duty and military veterans free meals at its Panera Bread and O’Charley’s restaurants in the Mahoning Valley on Nov. 11, Veterans Day. At Panera Bread, any veteran or service member will receive a free You-Pick-Two meal. A free $9.99 entrée is offered to veterans and military personnel at Covelli’s O’Charley’s restaurants in Boardman and Niles. All they need is to wear their uniforms or show their military I.D. “We continually work to show our customers and our community members that we...

Wednesday, November 5, 2014

Author:  Dan O'Brien YOUNGSTOWN, Ohio -- Hilcorp Energy Co. has resumed permitting activity in the northern tier of the Utica shale in Ohio and western Pennsylvania, while other energy companies continue to focus on acreage in the southern section of the oil and gas play. Hilcorp secured 11 new drilling permits in the northern Utica during the week ended Nov. 1, more than any other energy company exploring the play, according to records from state agencies that regulate the oil and gas industry. The Ohio Department of Natural...

Wednesday, November 5, 2014

TROY, Mich. -- Talmer Bancorp Inc., holding company of Talmer Bank and Trust, Tuesday reported third-quarter net income of $19.52 million, or 28 cents per basic share, 26 cents per diluted share. This compares to $20.61 million net income the second quarter, or 29 cents per basic share, 27 cents per diluted share, and $10.54 million the third quarter of 2013, or 16 cents per basic share, 15 cents per diluted share. Talmer also announced its directors declared a cash dividend of a penny per share on its Class A common stock payable Nov. 28 to shareholders of record...

Wednesday, November 5, 2014

Author:  Josh Medore SALEM, Ohio -- Above the of desk of the publisher of Farm and Dairy, Scot Darling, are photos of his grandfather, Wayne Darling, who began as an advertising representative at the weekly newspaper before becoming its publisher. Scot Darling’s office is on the second floor of the Lyle Printing & Publishing Co. building here, headquarters of the paper celebrating its 100th anniversary. On a built-in bookcase are a few of the blocks of type once used to print the paper’s flag, largely unchanged from one issue to...

Wednesday, November 5, 2014

IRVINE, Calif. -- Home prices in the Youngstown-Warren-Boardman area in Ohio, including distressed sales, increased by 5.6% in September from a year earlier, CoreLogic reported Tuesday. On a month-to-month basis, September home prices, including distressed sales, decreased by 0.5% from August.   Excluding distressed sales, September’s prices were up 2.7% from a year earlier and month-over-month were up 0.5% from August. Nationwide, home prices in September, including distressed sales, increased 5.6% from September 2013, representing 31 months of consecutive year-over...

Wednesday, November 5, 2014

YOUNGSTOWN, Ohio -- Donations of real estate to the nonprofit Charity Land Exchange Inc. before Jan. 1 are fully deductible for the 2014 tax year, the Youngstown-based organization’s executive director and founder, attorney Joseph Bishara, reminds taxpayers. The donated property likely will be sold at a future date and a donor’s chosen charity will receive the proceeds, he said. “Year-end tax planning for individuals and businesses is important. One option is to donate appreciated real estate to a tax-exempt organization, such as Charity Land Exchange,” said Craig Steinhoff, a certified...

Wednesday, November 5, 2014

PITTSBURGH -- PNC Bank now offers its customers access to Apple Pay, a new service for mobile payments, the bank announced Tuesday. Apple Pay works with iPhone 6 and iPhone 6 Plus and is compatible with iPad Air2 and iPad mini 3. When a customer adds his credit or debit card to Apple Pay, the card numbers are not stored on the device or Apple servers, officials said. Instead, a unique account number is assigned, encrypted and stored on the customer's device, said Henry Fulton, retail assets executive at PNC. Each transaction is authorized with a one-time dynamic...

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