Local News

Wednesday, July 23, 2014

The Schwebel Baking Co. announced shortly before 4 p.m. today that an "independent, certified lab" confirmed earlier today that the species of listeria found in its plant here does not pose a risk to public heallth. “Full production at the Youngstown facility is expected to resume within 24 hours,” said the company's president, Paul Schwebel. “We remain focused on consumer safety. That goal guides our current efforts to get our Youngstown bakery back online and will allow us to produce our full range ofproducts for our loyal customers.” Production at the bakery was...

Wednesday, July 23, 2014

YOUNGSTOWN, Ohio -- The Schwebel Baking Co. announced shortly before 4 p.m. today that an "independent, certified lab" confirmed earlier today that the species of listeria found in its plant here does not pose a risk to public heallth. “Full production at the Youngstown facility is expected to resume within 24 hours,” said the company's president, Paul Schwebel. “We remain focused on consumer safety. That goal guides our current efforts to get our Youngstown bakery back online and will allow us to produce our full range ofproducts for our loyal customers.” Production...

Wednesday, July 23, 2014

Author:  Dan O'Brien VIENNA, Ohio -- As it stands, the Board of Mahoning County Commissioners will not pull its funding for the Western Reserve Port Authority at its meeting tomorrow, say officials. "That's not even an option at this point," Mahoning County Commissioner Anthony Traficanti said after the port authority's regular meeting Wednesday morning. "This airport depends upon that money, the air base depends upon that money." Members of the port authority convened a one-hour executive session with Traficanti and fellow Mahoning...

Wednesday, July 23, 2014

BRAMPTON, Ont. – Matalco Inc. this afternoon officially confirmed that it is constructing a 200,000-square-foot manufacturing plant in Lordstown, Ohio. On Monday the company had emailed invitations to a Sept. 17 ground breaking, the first indication that it had decided to move forward on the project (READ STORY). Shortly after noon today, the Youngstown/Warren Regional Chamber sent media organizations a news release with shared letterhead formally announcing the project. Matalco, a member of the Giampaolo Group, will spend more than $100 million to construct and...

Wednesday, July 23, 2014

COLUMBUS, Ohio -- The cost of equipping K-through 12 public school students for the 2014-2015 school year has jumped as much as 20% this year. That's one of the largest year-over-year increases in the eight-year history of the annual Huntington Backpack Index. While the cost for supplies and school activities continues to climb for families, average hourly nonfarm payroll earnings rose just 2.05% between May 2013 and May 2014, according to the Bureau of Labor Statistics. The increases in back-to-school costs also far outpaced the Consumer Price Index, which rose 2.1...

Wednesday, July 23, 2014

YOUNGSTOWN, Ohio -- United Community Financial Corp., holding company of the Home Savings and Loan Co., Tuesday reported net income of $42.4 million for the quarter ended June 30, or 84 cents a share, and that its directors declared a penny per common share cash dividend. The dividend is payable Aug. 15 to shareholders of record Aug. 1. It is the first cash dividend the company has declared since 2008. In a prepared statement, the president and CEO of UCFC, Gary M. Small, noted, “The dividend reflects a payout ratio of normalized annual earnings.” The net income...

Wednesday, July 23, 2014

PITTSBURGH -- F.N.B. Corp., parent of First National Bank of Pennsylvania, Tuesday reported second-quarter net income of $34.83 million, $32.82 million of which is available to holders of its common stock. That translates to 20 cents per common share. “F.N.B. reported another quarter of record net income and quality earnings highlighted by revenue growth, strong loan and deposit growth, a stable core net interest margin, consistent asset quality and diligent expense control," said the president and CEO of the holding company and the bank, Vincent J. Delie Jr., in a...

Wednesday, July 23, 2014

Author:  George Nelson YOUNGSTOWN, Ohio -- NYO Property Group’s conversion of the Wick Building downtown into an apartment/extended stay property received city assistance Tuesday with approval of a development agreement that incentivizes completing the project this year. At a special meeting Tuesday morning, the city Board of Control approved the agreement, which provides a $2.3 million loan for the $16.5 million project. Under the terms of the loan agreement, NYO has two years to repay the money, which will be repaid out of the state...

Wednesday, July 23, 2014

Author:  Dan O'Brien GIRARD, Ohio -- James Bacon, a director at Bolt Construction Inc., Poland, says the development of compressed natural gas stations across Ohio stands to benefit his business in two ways. First, more CNG fueling stations means that drivers operating trucks converted to run on CNG fuel will have more locations to fill up. Second, since Bolt Construction works in the oil and gas industry, the more natural gas that is used, the better for the company's customers and its overall business. "As people start using more...

Wednesday, July 23, 2014

YOUNGSTOWN, Ohio -- Local unemployment rates in June rose by half a percentage point or more compared to May, although declinen from jobless rates a year earlier, the Ohio Department of Job and Family Services reported Tuesday. Warren saw its unemployment rate rise to 7.3% in June, up from 6.6% in May but down from 9.4% in June 2013. Youngstown’s June unemployment rate rose to 8.1% in June, up from 7.5% the month before, an improvement from 11.0% in June 2013. Trumbull County’s unemployment rate last month was 6.5%, up from 5.9% in May but down from 8.4% a year...

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