Local News

Thursday, September 4, 2014

HARRISBURG, Pa. -- Revenue at fine wines and spirits stores in Pennsylvania reached $2.24 billion in fiscal 2014, a $67 million, or 3.2% increase compared to fiscal 2013, the state Liquor Control Board reported Wednesday. The board paid a record $526 million in liquor taxes, sales taxes and transfers to the general fund, a year-over-year increase of $13 million. In addition to payments to the general fund, the agency also remitted $8.3 million in local taxes to Philadelphia and Allegheny counties, $25 million to the Pennsylvania State Police, $2.5 million to the...

Wednesday, September 3, 2014

DETROIT -- General Motors Co. dealers delivered 272,423 vehicles in the United States in August, down 1.2% from last August -- the top sales month of 2013, the company reported this morning. On the positive side, GM saw an 18% increase in truck sales compared to a year ago, a 10% increase in GMC deliveries and a 30% increase in commercial sales. By comparison, Chrysler Group LLC said its August sales soard 19.8% from August 2013 while Ford Motor Co. said its year-over-year sales fell 0.4% last month. GM's retail deliveries, which are sales to individual consumers,...

Wednesday, September 3, 2014

AUSTINTOWN, Ohio – Dollar General Corp., embroiled in a bidding war for rival Family Dollar Stores Inc., will open a new store Saturday at 2002 S. Raccoon Road. On Tuesday, Dollar General increased its bid for Family Dollar to $9.1 billion and said it would pay a break-up fee of $500 million if concerns over competition blocked the deal, and said it would sell up to 1,500 stores if necessary. It also warned it may appeal directly to shareholders if its bid was rejected. Family Dollar rejected an earlier $8.95 million bid by Dollar General in favor of a cash-and-stock...

Wednesday, September 3, 2014

WARREN, Ohio -- The Trumbull Memorial Health Foundation has elected Patrick K. Wilson, a lawyer with Harrington, Hoppe & Mitchell here, as chairman of its board of trustees. With assets of more than $13 million, the foundation provides grants each year to initiatives that advance the health of Trumbull County residents. Wilson has been a member of the foundation’s board and its predecessor since 2004 and has practiced law in the Mahoning Valley for more than 25 years. He has served as law director in Cortland since 2001. He holds a law degree from the University...

Wednesday, September 3, 2014

Author:  Dan O'Brien CANFIELD, Ohio -- Lathes turn at a rapid clip as noisy router machines, miter saws, shapers and every other tool of the lumber trade are busy at work at Baird Brothers Fine Hardwood Inc. While this 54-year-old Canfield business is steeped in tradition, its operations are far from traditional. The Baird Brothers of today barely resembles the company founded as a sawmill in 1960. It represents how technology and innovation have combined to transform the business into a sleek, competitive force in the industry. “If...

Wednesday, September 3, 2014

IRVINE, Calif. -- The prices of houses in the Youngstown-Warren-Boardman area rose 7.4% in July compared with July 2013, CoreLogic announced Tuesday. Month-over-month, the prices rose 2.7% compared to June. The figures include distressed sales. Distressed sales include short sales and real estate owned transactions. Excluding distressed sales, year-over-year home prices in the region increased 2.1% in July compared to a year ago. Month-over-month, excluding distressed sales, house prices increased 2.8%. House prices nationwide, including distressed sales, rose 7.4%....

Wednesday, September 3, 2014

YOUNGSTOWN, Ohio – Guy Coviello has been named vice president of government affairs at the Youngstown/Warren Regional Chamber. In his new position, Coviello, who begins Sept. 30, will represent interests of the chamber and the business community with federal, state and local elected officials as well as handling news media relations. He succeeds Tony Paglia, who retired in May. “We look forward to the contributions Guy will make to our team and membership. His talent and years of experience in the media realm serve to enhance the efforts of the Regional Chamber,”...

Wednesday, September 3, 2014

Author:  Josh Medore BOARDMAN, Ohio -- With a plan in place to take Youngstown pizza to the rest of the country, Eddie Muransky officially opened the first Rise Pies Tuesday at 439 Boardman-Poland Road. The restaurant, which has an oven that bakes pizzas at 600 degrees for 20 seconds shy of three minutes, can compete with national chains in terms of speed -- the store's motto is “Pizza perfection in 160 seconds” -- and quality, Muransky asserted. “A burgeoning segment of the fast-casual [food] market is pizza. We looked at some...

Wednesday, September 3, 2014

RICHMOND, Va. -- Four major U.S. energy companies -- Dominion, Duke Energy, Piedmont Natural Gas and AGL Resources -- have formed a joint venture to build and own the proposed Atlantic Coast Pipeline. The pipeline would provide a new route for direct access to the burgeoning production in the Marcellus and Utica shale plays of Ohio, Pennsylvania and West Virginia, the companies said. The 550-mile natural gas pipeline, projected to cost between $4.5 billion and $5 billion, would run from Harrison County, W.Va., southeast through Virginia with an extension to...

Wednesday, September 3, 2014

Author:  Josh Medore YOUNGSTOWN, Ohio -- In an effort to help small businesses here grow, the Youngstown Neighborhood Development Corp. is taking applications for equipment loans for anywhere from $1,000 to $10,000 until Oct. 15. Liberty Merrill, YNDC land re-use director, says applications are open to any startup or business that employs five or fewer, provided the business is in Youngstown and the owner lives in the city. Other factors will also play into whether the credits are granted, she adds. “We do have a limited amount of...

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