Local News

Monday, June 16, 2014

Author:  George Nelson YOUNGSTOWN, Ohio -- Jim Cossler was headed to lunch with someone he described as a “very, very high-profile guest” -- in town to attend an America Makes management review meeting last fall – as they passed a downtown planter filled with cigarette butts. The visitor, Cossler recalls, remarked that it was “the largest ashtray” he had seen in his life. “I know he said it as a joke,” the Youngstown Business Incubator CEO and “chief evangelist” says. Even so, “I don’t think he’s ever going to forget the largest...

Monday, June 16, 2014

Author:  George Nelson YOUNGSTOWN, Ohio -- Jim Cossler was headed to lunch with someone he described as a “very, very high-profile guest” -- in town to attend an America Makes management review meeting last fall – as they passed a downtown planter filled with cigarette butts. The visitor, Cossler recalls, remarked that it was “the largest ashtray” he had seen in his life. “I know he said it as a joke,” the Youngstown Business Incubator CEO and “chief evangelist” says. Even so, “I don’t think he’s ever going to forget the largest...

Monday, June 16, 2014

Author:  Dan O'Brien PITTSBURGH -- The geological makeup of the southern Utica shale play in eastern Ohio explains why energy companies drilling there are experiencing higher rates of production than in the northern sections of the play. Much of it has to do with geological pressure and the porosity of two rock formations -- the Point Pleasant and the Utica -- often collectively referred to as the Utica shale, explains Jeff Ventura, president and CEO of Range Resources. "The reservoir quality is much better in the Point Pleasant than...

Monday, June 16, 2014

TULSA, Okla. -- Williams Partners LP will pay $5.995 billion to acquire 50% of the general partner interest and 55.1 million limited partner units in Oklahoma City-based Access Midstream Partners LP that are held by Global Infrastructure Partners. Upon closing, Williams will own 100% of the general partner and 50% of the limited partner interests in Access Midstream Partners, the Chesapeake Energy spinoff company that operates the UEO Buckeye gas processing plant near Kensington, Ohio in Columbiana County. The transaction is expected to close in the third quarter....

Monday, June 16, 2014

Author:  Dennis LaRue ORRVILLE, Ohio -- One-third of commercial loan portfolio of First National Bank of Orrville consists of loans to farmers, including some in western Pennsylvania, says its president and CEO, Mark R. Witmer. Its agricultural portfolio of $52.5 million at March 31 has increased by $37.1 million since year-end 2011. “The agricultural economy has been strong,” the CEO notes.    Another third is composed of commercial and industrial (C&I) loans, including those to “medical facilities and hotels,” says Witmer, and...

Monday, June 16, 2014

CANTON, Ohio -- Common shares of The Timken Co.'s new spinoff, TimkenSteel, will be distributed June 30 near the end of the business day, officials say. Following the distribution, TimkenSteel will be an independent, publicly traded company. The company has received approval to list its common shares on the New York Stock Exchange under the symbol TMST. Timken shareholders will receive one common share of TimkenSteel for every two common shares of Timken held at the close of business on the record date of June 23. Timken shareholders entitled to receive the June 30...

Monday, June 16, 2014

YOUNGSTOWN, Ohio -- The Youngstown State University College of Science, Technology, Engineering and Mathematics will celebrate National Day of Making Wednesday. An open house will be held in room 2390 Moser Hall from 1 to 3:30 p.m. as part of the Summer Honors Institute. Visitors can observe Institute students learning engineering design and analysis techniques, rapid prototyping and 3-D printing, said Hazel Marie, associate professor and chairwoman of the mechanical and industrial engineering department. Each of the 17 students in the class will choose an item to...

Monday, June 16, 2014

BOARDMAN, Ohio -- Hill, Barth and King LLC has been named to the 2014 list of Best Employers in Ohio for a fifth consecutive year, the public accounting firm announced Friday. Last year the firm was ranked 14th; this year it’s ranked seventh Linda Evans, HBK director of human resources, said in a prepared statement, “We’re so proud to have achieved this prestigious goal once again. It is truly a measure of how our team members view their workplace.” The annual list of best employers was created by the Ohio SHRM State Council and Best Companies Group. The selections...

Monday, June 16, 2014

WARREN, Ohio -- The Trumbull Art Gallery is sponsoring a "Hawaii II Happy Hour Painting" workshop from 7 to 9:30 p.m. Thursday at Suzy's Dogs and Drafts on North Phelps Street in Youngstown. Cost of $20 per person that includes all painting supplies and a canvas. Instructors are Sue Hammond and Paula Smith. For reservations, call 330 506 0080. Published by The Business Journal, Youngstown, Ohio. CLICK HERE to subscribe to our free daily email headlines and to our twice-monthly print edition.

Friday, June 13, 2014

YOUNGSTOWN, Ohio – The office of U.S. Rep. Tim Ryan, D-13 Ohio, announced late Friday morning that his wife, Andrea, has delivered the couple’s first child. Brady Zetts Ryan was born at 8:24 p.m. last night, weighing 6 pounds, 12 ounces, and measuring 19 ¾ inches, according to the news release. “We are thankful that Brady and Andrea are both doing very well. Mason and Bella [Ryan's stepchildren] are very excited to have a new little brother,” Ryan said. “We would like to thank our midwife, as well as all the doctors and nurses for their excellent care and kind words...

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