Local News

Monday, July 28, 2014

YOUNGSTOWN, Ohio -- Foreclosure rates in the Youngstown-Warren-Boardman area decreased for the month of May over the same period last year, according to newly released data from CoreLogic. The CoreLogic data reveals that the rate of Youngstown-Warren-Boardman area foreclosures among outstanding mortgage loans was 2.48% during May, a decrease of 1.38 percentage points compared to May of 2013 when the rate was 3.86%. Still, foreclosure activity in Youngstown-Warren-Boardman was higher than the national foreclosure rate, which was 1.73% for May. Also in Youngstown-...

Monday, July 28, 2014

WASHINGTON -- Based on preliminary Census Bureau data, the United States imported 3.586 million net tons of steel in June, the American Iron and Steel Institute reports. The figure includes 2.706 million net tons of finished steel. These figures are down 11.1% and 8%, respectively, compared to final data for May. Year-to-date total and finished steel imports are 21.082 million and 15.552 million net tons, respectively, up 34% and 26% respectively, versus the first half of 2013. Annualized total and finished steel imports in 2014 would be 42.2 million and 31.1 million...

Monday, July 28, 2014

WASHINGTON -- The Remodeling Market Index of the National Association of Home Builders rose three points to 56 in the second quarter, regaining the momentum built in 2013. This is the fifth consecutive quarter for an index reading above 50, th eassociation reports. An index with a reading above 50 indicates that more remodelers report business is higher (compared to the preceding quarter) than lower. “With many home owners on better financial footing, home remodeling has become more popular,” said Paul Sullivan, chairman of remodelers division of the assocoation, in...

Saturday, July 26, 2014

Author:  Josh Medore YOUNGSTOWN, Ohio -- It’s easy to convince a company to visit universities with enrollments of thousands when it wants to recruit employees. “A lot of times, recruiters, because of their budget, are limited to only going to big schools where they can see a lot of kids in one shot,” says Jackie Meade, recently retired director of career services at Westminster College. For smaller schools such as Westminster, with an undergraduate enrollment of 1,468, catching the eye of employers can prove challenging. To level the...

Friday, July 25, 2014

GARRETTSVILLE, Ohio – Students in Kent State University’s College of Architecture and Environmental Design will present proposals this evening reimagining the village, which was devastated by fire earlier this year. The public is invited to view the 11 proposals, prepared by 12 students, which will be presented at the village hall, 8213 High St., 6-8 p.m. The event is open to the public. A March 22 fire swept through the historic downtown, destroying an entire commercial block and 13 businesses in the Portage County village, which has a population of just over 2,200...

Friday, July 25, 2014

NILES, Ohio – First Niles Financial Inc., the holding company for Home Federal Savings and Loan Association of Niles, reported net income of $122,000 for the quarter ended June 30, compared to a loss of $79,000 for the quarter a year earlier. In its second quarter earnings, announced Thursday, FNFI also announced that its earnings for the first half of the year showed net income of $170,000, compared to a  loss of $137,000 for the first six months of 2013. The new release credits the improvement in net income from a year earlier to an increase in net interest income...

Friday, July 25, 2014

YOUNGSTOWN, Ohio -- Hilcorp Energy Co. has received seven new horizontal well permits at its Pulaski Davis well in Mercer County, Pa., says the Pennsylvania Department of Environmental Protection. The permits, awarded July 16, are for a well pad just north of the Lawrence County line in Shenango Township. This area of western Pennsylvania is among the most active in terms of oil and gas exploration in the northern tier of the Utica shale. Two weeks ago, workers were busy clearing the way for gathering pipelines that were intended to string together several Hilcorp...

Friday, July 25, 2014

Author:  Josh Medore YOUNGSTOWN, Ohio -- For six weeks, the students at the Children's Defense Fund Summer Freedom School began each day with motivational cheers and chants. On July 24, their final day, they put on one last show. In front of their families, the 50 students clapped, cheered and stomped through the routines they had memorized. The finale, singing “Something Inside So Strong” by Labi Siffre, defined what got the school started. Siffre first sang his song in 1987. The higher you build your barriers, the taller I become....

Friday, July 25, 2014

WASHINGTON -- Score is launching its Business Plan Assist program, a program that pairs business mentors with current and aspiring small business owners to aid them in creating business plans that will guide their startup or strategize growth. Business owners or those looking to start a business can choose to connect online, by phone or in person at one of Score's 320-plus chapter locations across the country. "This is a fantastic opportunity for small businesses owners to have their business plan questions and concerns met with expert advice," said Bridget Weston...

Friday, July 25, 2014

CHESTER, W.Va. -- The proposed merger of MTR Gaming Group Inc. and Eldorado HoldCo LLC, Reno, Nev., has been approved by the Nevada State Gaming Control Board and the Nevada Gaming Commission. This final approval satisfies one of the conditions for the proposed transaction. As announced, MTR, Eldorado and certain of their affiliates entered into a merger agreement, pursuant to which MTR and Eldorado will become wholly-owned subsidiaries of Eclair Holdings Co., which will be renamed Eldorado Resorts Inc. The proposed combination has been approved by MTR stockholders,...

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