Local News

Thursday, February 5, 2015

Author:  Michael Moliterno WARREN, Ohio -- Citizens and public officials in Trumbull County are looking for ways to bring oversight of Class II injection wells back to the local level. During a meeting held Wednesday by Trumbull County Engineer Randy Smith, and attended by county commissioners and about 50 residents, concerns were raised about safety and responsibility, particularly as it relates to the use of roads and bridges. "The engineers office will not take a position either for or against oil-related activity," Smith began. "...

Thursday, February 5, 2015

EAST LIVERPOOL, Ohio -- Tri-State 1st Banc Inc., holding company of 1st National Community Bank, Wednesday reported fourth-quarter net income of $215,297 and full-year 2014 net income of $918,900. This compares to fourth-quarter 2013 net income of $273,321 and full-year 2013 net income of $1,113,529. The company did not provide earnings per common share data or any tabular data. Tri-State 1st Banc attributed the decrease in earnings to a decrease of $15 million in assets at year-end compared to year-end 2013. Total assets at Dec. 31 were $130.8 million. “The smaller...

Thursday, February 5, 2015

RICHMOND, Va. -- The Commonwealth Center for Advanced Manufacturing announced Wednesday that RTI International Metals Inc. has become the industry, academic and government consortium’s newest member. CCAM brings together manufacturers, Virginia’s top universities, and the NASA Langley Research Center. As a principal industry member, RTI will participate in generic research at CCAM’s state-of-the-art facility in Prince George County. RTI, headquartered in Pittsburgh with a mill in Niles, Ohio, supplies the global aerospace, defense, energy and medical device...

Thursday, February 5, 2015

YOUNGSTOWN, Ohio – The new Canfield Branch of the Public Library of Youngstown and Mahoning County will feature products from the StoneFruit Coffee Co. when it opens later this year. StoneFruit will open a space within the branch to offer coffees and espresso, as well as hot chocolate, frozen hot chocolate, drinks for kids and more. “The community asked for a café in the new library, but for several reasons, we were not able to place a full restaurant in this location,” says Heidi Daniel, library executive director. “A self-serve coffee bar and seating area were...

Thursday, February 5, 2015

IRVINE, Calif. -- Home prices in the Youngstown-Warren-Boardman metropolitan area, including distressed sales, rose by 2.6% in December compared to a year earlier, CoreLogic reports. On a month-over-month basis, prices in December decreased by 2.8% from November. Excluding distressed sales, year-over-year prices decreased by 0.1% in December from December 2013, according to CoreLogic’s Home Price Index. Excluding distressed sales, the index indicates home prices decreased on a month-over-month basis by 2.0% in December from November. Nationally, the financial data...

Thursday, February 5, 2015

YOUNGSTOWN -- The YWCA of Youngstown is offering a self-serve link to file taxes for free, along with free tax workshops and free tax-filing assistance. The self-serve link is available on the YWCA website. To file taxes through this link, users must have a household income under $65,000 if single and $95,000 if married. Also needed are the user’s Social Security number, W2s, 1099s, 1098s, information about other income, deduction and credit information (such as child-care expenses, tuition, bills, and union dues), and a copy of last year’s tax return, if possible. ...

Wednesday, February 4, 2015

YOUNGSTOWN, Ohio -- Vallourec Star announced this morning that it plans to shut down its pipe and tube operations here for a three-week period effective in mid-February. The company, which manufactures oil country tubular goods, or OCTG, pipe for the oil and gas industry, took the measure because of the declining oil and gas market. "In response to the declining oil and gas market, Vallourec Star continues to adapt our operating plans to business demands," the company said in a statement. "The economic realities we are facing require additional action." Vallourec...

Wednesday, February 4, 2015

YOUNGSTOWN, Ohio -- Vallourec Star announced this morning that it plans to shut down its pipe and tube operations here for a three-week period effective in mid-February. The company, which manufactures oil country tubular goods, or OCTG, pipe for the oil and gas industry, took the measure because of the declining oil and gas market. "In response to the declining oil and gas market, Vallourec Star continues to adapt our operating plans to business demands," the company said in a statement. "The economic realities we are facing require additional action." Vallourec...

Wednesday, February 4, 2015

DETROIT -- General Motors Co. today announced fourth quarter net income attributable to common stockholders of $1.1 billion, or 66 cents per diluted share, which included a net loss from special items of $0.9 billion or 53 cents per share. For the full year, GM said net income attributable to common stockholders was $2.8 billion, or $1.65 per share, down from $3.8 billion, or $2.38 per share in 2013. 2014 was the fifth consecutive profitable year for the company. “A strong fourth quarter helped us deliver very good core operating results in 2014 despite significant...

Wednesday, February 4, 2015

Author:  Dan O'Brien PITTSBURGH -- As a young reporter assigned to cover the energy sector for The Wall Street Journal more than a decade ago, Russell Gold enjoyed a front-row seat to the birth of a revolution that he says today is sweeping the world. "I saw fracking from its very early stages," says Gold, senior energy reporter for The Wall Street Journal and author of The Boom: How Fracking Ignited the American Energy Revolution and Changed the World. In 2002, companies in Texas exploring for oil and gas in the Barnett shale were...

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