Local News

Friday, December 12, 2014

YOUNGSTOWN, Ohio -- The contrast between the political ideology of the two men who represent portions of the Mahoning Valley could not be sharper -- and reflect more vividly the wide partisan divide in the U.S. House of Representatives -- than the statements each released last night following the narrow passage of a $1.1 trillion spending package. The bill, which would fund the federal government through September, now goes to the U.S. Senate, which last night agreed to extend by two days the federal government’s current funding levels in order to provide time for...

Friday, December 12, 2014

NEW YORK -- The continued "shale effect" on U.S. manufacturing could bring an annual cost savings of $22.3 billion by 2030, assuming a high natural gas recovery and low-price scenario, finds a new research report by PwC. In terms of job creation, continued shale gas activity will create 930,000 shale gas driven manufacturing jobs by 2030 and 1.41 million by 2040, the report adds. PwC's report, "Shale Gas: Still a boon to US manufacturing?" showed an annual cost savings of $11.6 billion and approximately one million jobs by 2025. The new estimates are part of PwC's...

Friday, December 12, 2014

COLUMBUS, Ohio -- Most consumers living in traditional manufacturing states in the Midwest say they have moved on from the Great Recession and expect next year will be better economically, the third annual Huntington Bank Midwest Economic Index survey finds. Results of the survey were released Thursday. This year’s index found a continuation of the trend in which consumers feel positive about the year ahead. Fully half, 50%, expect the economy to be better than this year’s, compared to 49% a year ago and 45% two years ago. The optimism of consumers interviewed in...

Friday, December 12, 2014

YOUNGSTOWN, Ohio – The Mahoning County Convention and Visitors Bureau today launched its newly redesigned website, YoungtownLive.com, which features a video starring actor and city native Ed O’Neill. Others featured on the video include Jim and Ellen Tressel, Ray Mancini and fashion designer Nanette Lepore (CLICK HERE). The video previews a full-length presentation that is being completed, according to the visitors bureau, and will be posted on the new website by the end of December. Content on the site is organized by events, visits, stay and dine tabs. The homepage...

Friday, December 12, 2014

Author:  George Nelson YOUNGSTOWN, Ohio -- A new report released Thursday provides “a lot of ammunition for those of us on Capitol Hill” to argue against unfair trade policies that U.S. Rep. Tim Ryan, D-13 Ohio, and others say have cost the United States more than 3.2 million  jobs, including 7,800 in Ryan’s district. The report, issued by the Economic Policy Institute, found those job losses occurred between 2001, when China joined the World Trade Organization, and December 2013. That includes 2.4 million jobs in manufacturing. Ohio...

Thursday, December 11, 2014

YOUNGSTOWN, Ohio -- An official with Penn National Gaming Inc., which operates Hollywood Gaming at Mahoning Valley Race Course, today objected to the company “being singled out yet again for another money grab.” The Ohio Senate on Thursday approved House Bill 494 with an amendment providing for the $500,000 payments owed to Austintown, where the Penn National racino is located, as well as Dayton, where Penn National opened another racino this year. The amendment calls for the $500,000 payments to be paid for three years, half coming from Penn National and half from...

Thursday, December 11, 2014

AUSTIN, Texas -- Three in four Americans admit to having made a major purchase on impulse, CreditCards.com finds. And nearly half of those said they regretted doing so. An impulse purchase was defined as any unplanned or unnecessary decision to buy a product just before buying it, says CreditCards.com, which sponsored the survey.  A major purchase was defined as spending $100 or more. Nearly 90% of millennials said they had made an impulse purchase compared to just 56% of seniors. The survey also found significant differences among Americans on what triggers these...

Thursday, December 11, 2014

Author:  Dennis LaRue YOUNGSTOWN, Ohio -- It turns out that Frank Hierro wasn’t ready to retire. Hierro, who just joined the Home Savings and Loan Co. as president of its Mahoning Valley Region, retired Nov. 14 as president of the Mahoning Valley region of Huntington Bank. He and Gary M. Small, president and CEO of Home Savings and its holding company, United Community Financial Corp., met Wednesday with The Business Journal. Home Savings finds itself in a strong position to expand its commercial lending activity and re-engage in...

Thursday, December 11, 2014

YOUNGSTOWN, Ohio -- Mahoning Valley car dealers sold 1,941 new vehicles in November, the Automobile Dealers Association of Eastern Ohio reports, a 2.86% increase over the same month last year. In November 2013, 1,887 new cars and trucks were sold. The top-selling model was the Lordstown-built Chevrolet Cruze, which sold 155 units, a 9.9% increase from the same period last year. Year-to-date, 2,318 Cruzes have been sold in Mahoning, Columbiana and Trumbull counties. Rounding out the top five in November are the Chevrolet Silverado 1500 with 95 units sold, Ford F-150...

Thursday, December 11, 2014

Author:  George Nelson YOUNGSTOWN, Ohio --– Mayor John McNally expects to name a director for the city’s newly created office of community and economic development as soon as Friday, the mayor said Wednesday. Combining the community development agency and economic development office was among McNally’s stated priorities when he took office nearly a year ago. In November, city voters approved a charter amendment creating the new department. Bill D’Avignon, a city employee since 1992, has been CDA director since 2006. T. Sharon...

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