Local News

Wednesday, February 24, 2016

YOUNGSTOWN, Ohio – Chesapeake Energy Corp. is no longer drilling for oil and natural gas in the Utica and Marcellus shale plays in eastern Ohio and northern Pennsylvania, the company reported today. In releasing its earnings for the fourth quarter of 2015 and all of 2015, Chesapeake said it averaged just two rigs operating in […]

Wednesday, February 24, 2016

NAPLES, Fla. — HBK CPAs & Consultants announced Tuesday it has acquired the public accounting firm Urish Popeck of Florida LLC and its wealth management business, Global Wealth Consultants. “The highly respected group has been a fixture in southwest Florida financial services for many years,” said Christopher M. Allegretti, CEO and managing principal of the […]

Wednesday, February 24, 2016

YOUNGSTOWN, Ohio – Just two permits for horizontal wells were issued to energy companies during the week ended Feb. 20 in Ohio’s Utica shale, as drillers continue to wrestle with depressed oil and gas prices. The Ohio Department of Natural Resources reports it awarded both permits to Chesapeake Exploration LLC, a subsidiary of Oklahoma City-based […]

Wednesday, February 24, 2016

YOUNGSTOWN, Ohio – Not one – but possibly two –electrical generation plants fueled by natural gas could be built in the village of Lordstown over the next six years, resulting in an investment of well over $1 billion. Massachusetts-based Clean Energy Future LLC, the company behind the construction of a proposed $850 million natural gas […]

Wednesday, February 24, 2016

OKLAHOMA CITY –Chesapeake Energy Corp. this morning reported a net loss available to common stockholders of $14.9 billion, or $22.43 per fully diluted share. After adjustments, primarily noncash impairments of carrying value of the company’s oil and gas properties, the full year adjusted net loss was $329 million, or 20 cents per fully diluted share, […]

Wednesday, February 24, 2016

YOUNGSTOWN, Ohio – The battle over the vacancy on the U.S. Supreme Court vacancy left by the death of Antonin Scalia played out Tuesday in the race for the U.S. Senate seat held by Rob Portman. Yesterday, as Senate Republicans again insisted they would not hold hearings for any nominee put forth by President Obama, […]

Wednesday, February 24, 2016

YOUNGSTOWN, Ohio – After opening branches of One Hot Cookie LLC in the two main retail centers of the Mahoning Valley in 2015, Bergen Giordani says she’s content stand pat this year. Well, maybe. “Everyone is telling me I have to say, ‘No,’ ” Giordani says. She is “always looking” for new retail spaces, “but […]

Wednesday, February 24, 2016

YOUNGSTOWN, Ohio – The foreclosure rate in the Mahoning Valley fell slightly in December, down to 1.96%, a decrease of 0.10 percent compared to December 2014, reports the financial analytics company CoreLogic. Still, foreclosure activity in the region was higher than the national foreclosure rate, which was 1.20% for December 2015. Meanwhile, the mortgage delinquency […]

Tuesday, February 23, 2016

NILES, Ohio – First Niles Financial Inc., holding company of Home Federal Savings and Loan Association of Niles, reports fourth-quarter net income of $40,000, or three cents a share, and full-year 2014 net income of $212,000, or 19 cents a share. This compares to fourth-quarter 2014 net income of $32,000, or three cents a share, […]

Tuesday, February 23, 2016

HAMDEN, Conn. – Not even native son Gov. John Kasich can stop the Donald Trump steamroller as Kasich falls behind the Republican front-runner, 31% to 26%, among Ohio likely Republican primary voters, according to a Quinnipiac University poll released today. Sen. Ted Cruz of Texas is at 21% with Sen. Marco Rubio of Florida at […]

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