Local News

Wednesday, October 22, 2014

COLUMBUS, Ohio -- American Energy Utica LLC, a division of Oklahoma City-based American Energy Partners LP, was awarded six new permits to drill horizontal wells in eastern Ohio's Utica shale play last week, according to the Ohio Department of Natural Resources. The company, founded last year by former Chesapeake Energy CEO Aubrey McClendon, secured all six permits for sites in Harrison County, records show. Four of the wells are slated for the Cravat Coal pad, while two others are targeted for the Triplett FRK pad. ODNR issued 12 horizontal permits for the week...

Wednesday, October 22, 2014

YOUNGSTOWN, Ohio -- The Home Savings and Loan Co. has named Nancy Tabor area manager for Trumbull County, Gary M. Small, president and CEO, announced Tuesday. Tabor served as senior branch manager of both the Kirk Road and Newport Glen offices. She joined Home Savings in 2012 and has served on the committee of Buy Into Youngstown and the Relay For Life of Niles, where she lives. Home Savings is a subsidiary of United Community Financial Corp., which has assets of $1.7 billion and operates 33 banking offices and seven loan production offices throughout Ohio and...

Wednesday, October 22, 2014

NEW YORK -- The majority of small business owners -- 58% -- expect to see their companies grow within the next 12 months. Increasingly, they're realizing the importance of new forms of marketing and advertising, a study conducted in behalf of CAN Capital finds. "While a majority of small-business owners are optimistic about growth, we are seeing concerns about being able to access needed capital, keeping up with new trends in mobile and digital advertising, meeting new regulatory requirements, and winning the war for talent with larger competitors," said Daniel DeMeo...

Wednesday, October 22, 2014

PITTSBURGH -- No one enjoys inflicting pain or discomfort upon himself, such as dumping a bucket of ice water over his head -- unless it's for a good cause, new research from the Tepper School of Business at Carnegie Mellon University has found. Christopher Olivola, assistant professor of marketing at the school, conducted experiments to examine charitable giving. His findings help explain the fundraising successes of campaigns linked to physical activities that require discomfort or physical exertion, such walking a 5-kilometer course, running a marathon -- even the increasingly common ALS...

Tuesday, October 21, 2014

NILES, Ohio -- The Cafaro Co. today announced $30 million worth of construction and investments at its Eastwood Mall Complex here. The company confirmed that it's moving its headquarters from Youngstown to a 50,000-square-foot building under construction at the complex, that it's moving forward on an adjacent conference center, and that a second hotel will be built at the mall complex by TMI Hospitality of Fargo, N.D. "Our new office will be but one component of a larger strategic plan that will further bolster the Eastwood Mall Complex as the region’s premier retail...

Tuesday, October 21, 2014

LORDSTOWN, Ohio -- General Motors Co.’s installation of its new 2.2-megawatt ground-mounted solar array at its plant here will be complete by the January, the automaker announced this morning. When the last of the more than 8,500 solar panels are in place, it will be GM’s largest solar installation in the Western Hemisphere, the company said. This announcement comes nearly one year after GM announced completion of  the 1.8-megawatt solar array on the roof of its Toledo transmission plant (pictured). To date, that array is the largest rooftop array in the state,...

Tuesday, October 21, 2014

YOUNGSTOWN, Ohio -- Youngstown’s unemployment rate last month was down three full percentage points from a year earlier, the latest state data show. The city’s unemployment rate in September was 7.0%, down form 10% in September 2013 and from 7.7% in August, according to data released this morning but the Ohio Department of Job and Family Services. Warren’s unemployment drop was nearly as dramatic. Its unemployment rate in September was 6.0%, down 8.6% form a year earlier and down from 6.7% in August. Unemployment rates in Mahoning, Trumbull and Columbiana counties...

Tuesday, October 21, 2014

Author:  Dennis LaRue EAST LIVERPOOL, Ohio -- The Columbiana County Port Authority engaged the investment banking firm of Stern Brothers & Co. Monday night to find a buyer of the taxable adjustable-rate bonds it sold in 2006 to finance construction of the Network Operations Center building outside Leetonia. The authority has $2.1 million in principal to repay the owner of the bonds, Fifth Third Bank. The original sum financed was $2.4 million. The board entered into “a success-based agreement,” as the CEO of the port authority,...

Tuesday, October 21, 2014

BOARDMAN, Ohio -- When his boss shared his plans to retire in 1989, Boardman accountant Nick Moga decided to start his own accounting business -- even though he had lived in the Youngstown area for only three years. This month, Moga is celebrating the 25th anniversary of his firm, Small Business Accounting LLC, which he still operates from his home on Hitchcock Road.  “The first several years were tough because I spent a lot of time cold-calling local businesses,” Moga recalled. “But eventually I came to realize there was plenty of opportunity here locally and plenty...

Tuesday, October 21, 2014

Author:  Josh Medore YOUNGSTOWN, Ohio -- The traditional rules governing wine and food are simple: Red wine should be served with red meat, white wine with poultry and fish. But those rules are obsolete, agree Vernon Cesta and Bill D’Amico. Nowadays, it comes down to personal preference. “Any more, it’s anything goes. If you like white wine, you like white wine. There’s no one going to talk you out of it. There are white wines that go great with meat and the same thing with red wines and fish,” says Cesta, owner of Vernon’s Cafe in...

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