Local News

Thursday, July 10, 2014

ASHTABULA, Ohio -- Mohawk announced today that is extending the lease on its one million square-foot converting center and warehouse facility in Ashtabula, Ohio, through December 2022. Yhe decision to extend the current lease beyond its original term reflects Mohawk’s commitment to expanding its envelope converting operations and demonstrates its confidence in the workforce, the company said. Mohawk, based in Cohoes, N.Y., describes itself as North America’s largest privately-owned manufacturer of fine papers, envelopes and specialty substrates for commercial and...

Thursday, July 10, 2014

Author:  Dennis LaRue YOUNGSTOWN, Ohio -- Not only are the ballpoint pens chained to a small counter when you visit a bank, they’re almost always out of ink. Or so it seems. Sometime in 2009, the chief marketing officer at Huntington National Bank, Executive Vice President David Clifton, saw an opportunity and seized it. Beginning the next year, Huntington Bank no longer chained its pens to small counters. Today it urges its customers (and visitors) to help themselves to one of the green ballpoint pens with the bank logo and name on...

Thursday, July 10, 2014

Author:  Dan O'Brien YOUNGSTOWN, Ohio -- Work is underway to create what is described as a "21st century business park" to house companies that comprise a value and supply chain related to additive manufacturing and America Makes: The National Additive Manufacturing Innovation Institute, an executive says. Michael Garvey, president and CEO of M-7 Technologies Inc. in Youngstown, said during a panel discussion at the Brookings Institute in Washington D.C. Wednesday that principals are in the process of developing the park, which would...

Thursday, July 10, 2014

Author:  Dennis LaRue YOUNGSTOWN, Ohio – The economy of China resembles a house of cards liable to collapse at any second but somehow stays intact, the chief engineer in China for the Timken Corp. said Wednesday night. As that nation’s economy is structured, Craig Seidelson suggested to engineering faculty and students at Youngstown State University, it resembles a Ponzi scheme struggling to maintain sufficient growth that allows it to keep its currency artificially low so it can sustain its level of exports and invest the foreign...

Thursday, July 10, 2014

CLEVELAND, Ohio -- Team NEO has launched an enhanced, mobile-responsive website to assist in its efforts to market the northeastern Ohio region. The revamped website, which Team NEO announced Wednesday, is redesigned to offer enhanced navigation and functionality that allows business decision-makers and site selectors to quickly find the information they need on Northeast Ohio. The site addresses the needs of four core audiences -- companies within Northeast Ohio, companies outside of Northeast Ohio, companies outside of the US and site selection consultants, the...

Thursday, July 10, 2014

YOUNGSTOWN, Ohio -- Arby’s Restaurant Group Inc. will kick off the celebration of the roast beef sandwich chain’s founding 50 years ago in the Mahoning Valley with a promotion to benefit Second Harvest Food Bank of the Mahoning Valley. On July 23, 2014, Forrest and Leroy Raffel opened their first Arby’s restaurant in Boardman. The chain, now based in Atlanta, has grown to nearly 3,400 restaurants nationwide. To mark its 50th anniversary, local Arby’s restaurants, in partnership with the Arby’s Foundation, will host a “Buy One Give One” offer July 21-25, during which...

Thursday, July 10, 2014

YOUNGSTOWN, Ohio -- The application deadline for the Leadership Mahoning Valley Class of 2014-2015 has been extended to July 25. Participants complete a nine-month program, which includes nine monthly daylong sessions that focus on major community systems such as education, health, human service, heritage, government, justice, labor, business, poverty and diversity. Created to identify individuals with diverse backgrounds and experiences who demonstrate leadership talent and community commitment, the program provides adult community leaders with a general overview of...

Thursday, July 10, 2014

NEW YORK -- The Conference Board and PwC Measure of CEO Confidence, which rose in the first quarter, declined slightly in the second quarter. The measure stands at 62, down from 63 last quarter. A figure of 51 and above reflects more positive than negative responses. "CEOs are slightly less confident than in the first quarter, as both their assessment of current and expected conditions edged down," said Lynn Franco, director of economic indicators at The Conference Board, in a prepared statement. "However, four out of every five expect profits will increase over the...

Wednesday, July 9, 2014

YOUNGSTOWN, Ohio -- F.N.B. Corp., parent company of First National Bank of Pennsylvania, announced today that it has formally named Pittsburgh as its corporate headquarters. Its operations center and support areas at its office building in Hermitage, Pa., will remain and employees there "will not be impacted by the headquarters announcement and the bank’s charter will remain in Greenville where it was established 150 years ago in 1864," the company said. F.N.B. has maintained a regional headquarters at the company’s North Shore Campus since 2004. Its growth in...

Wednesday, July 9, 2014

Author:  Dan O'Brien YOUNGSTOWN, Ohio -- Two wells Hilcorp Energy Co. drilled in the Mahoning Valley are showing promise in terms of decent natural gas flow, according to newly released well production data from the Ohio Department of Natural Resources. These production levels, however, are dwarfed by the massive output other wells are experiencing in the southern tier of Utica shale in eastern Ohio. ODNR production results for the quarter ended March 31 show that Hilcorp's well in Poland Township is the most productive in the...

Pages