Local News

Tuesday, July 1, 2014

Author:  George Nelson AUSTINTOWN, Ohio -- Penn National Gaming Inc. plans to announce an opening date soon for its Hollywood Gaming at Mahoning Valley Race Course here. The $250 million racetrack, dining and gaming facility took delivery Monday on the first 24 of the 850 video lottery terminals that will operate once it opens, sometime this fall. “We don’t have a specific date for that announcement yet,” Penn National spokesman Bob Tenenbaum said. “It’s dependent primarily on construction milestones, since we’ve already received our...

Tuesday, July 1, 2014

PROVIDENCE, R.I.  --  Citizens Financial Group Inc. will rebrand more than 200 Charter One branches in Michigan and Ohio as Citizens Bank by mid-year 2015, creating a consistent Citizens Bank presence across the company’s 11-state retail footprint. the company announced Monday. The company already operates as Citizens Bank in the other nine states where it has branches. There are four Charter One branches in the Mahoning Valley: in Boardman, Austintown, Girard and Liberty. The commercial banking division will transition from RBS Citizens to Citizens Commercial...

Tuesday, July 1, 2014

CANFIELD, Ohio -- Farmers National Bank has not one, but several, philanthropic campaigns that begin today and run through July, Kevin Helmick, president and CEO, announced Monday. First, the bank is asking its customers to help infants throughout the Mahoning Valley by sponsoring “The Farmers Family Diaper Drop: A Cause You Can Get Behind.” The bank is encouraging its customers to drop off packages of diapers in any size at their nearby Farmers branch office. Farmers is working with Second Harvest Food Bank of the Mahoning Valley to get the diapers collected to the...

Tuesday, July 1, 2014

YOUNGSTOWN, Ohio -- The Mahoning Valley Young Professionals is reminding business leaders to nominate their company' or organization's upcoming professional for the 2015 "25 Under 35" awards. Nominations must be submitted on the 25 Under 35 nomination form, and be postmarked no later than Aug. 15. Applications are available at the club's website (CLICK HERE). The 25 honorees will be announced in October, and the top-three candidates will be named MVPs at the recognition event, Feb. 5, 2015. Here are the nomination rules and guidelines: Honorees from previous 25 Under...

Tuesday, July 1, 2014

COLUMBUS, Ohio -- The number of single-family homes and condominiums put under agreement in May in Ohio rose from the level posted a month earlier as well as compared to the same period a year ago. The May Pending Home Sales Index of 147.8, a forward-looking indicator based on contract signings, increased 4% from May of last year. Activity jumped 9% from the April level, which was the fourth consecutive month-over-month gain in contract signings, reports the Ohio Association of Realtors. “The uptick in home purchase contracts entered into in May provides a solid...

Monday, June 30, 2014

WASHINGTON, D.C. -- General Motors Co. is likely to pay millions of dollars to compensate family members of those killed in car accidents caused by faulty ignition switches in some of its vehicles, according to plan announced this morning. Kenneth R, Feinberg, a compensation specialist hired by GM who also directed the 9/11 fund, said today that the priority of the program is to compensate those families who lost loved ones or those who have suffered catastrophic injuries such as severe burns, paralysis or amputations as a result of the accident. "This is designed...

Monday, June 30, 2014

Author:  Michael Moliterno HERMITAGE, Pa. -- Jake Loosararian, 23, breaks into a grin as he imagines the future. In it, the stockpile of robots he’s designed and built has gone from one to more than a half dozen that can be deployed at a moment’s notice. It sounds the like the origin story of a comic book supervillain but it could soon be a reality. While Loosararian’s goals are nowhere nearly as ambitious as world domination, they aren’t far off. He wants to change the energy industry the world over. “It sounds fantastical,” he says...

Monday, June 30, 2014

YOUNGSTOWN, Ohio -- Five graduate students in Youngstown State University’s Williamson College of Business’ master of business administration program this week are presenting their research at the International Symposium of the Analytic Hierarchy Process in Washington D.C. The symposium, which runs Jthrough July 2, brings together researchers, teachers and students to share their research and experiences in decision making. YSU Professor of Management Birsen Karpak said presentations from doctoral students are common at the symposium, but this is the first time a...

Monday, June 30, 2014

Author:  George Nelson BOARDMAN, Ohio -- Implementation of the Affordable Care Act remains an educational process for insurance carriers, employers, employees and individuals seeking coverage under the law. So say health insurance brokers and a representative of one insurance provider who participated in The Business Journal’s Affordable Care Roundtable, to be published tomorrow in our July edition. People who have sought information “feel reasonably comfortable with the law,” reported George Morris, president of Morris Financial...

Monday, June 30, 2014

Author:  Dennis LaRue YOUNGSTOWN, Ohio -- Fluency in a foreign language greatly improves a college senior’s chances of getting a job for which he is qualified, especially if he wants a position in, or related to, international business. Eighty-two percent of all seniors proficient in a foreign language find employment before or soon after graduation, according to the foreign languages department of Youngstown State University. “Eighty percent of businesses want employees with international experience and cultural competence,” the...

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