Local News

Tuesday, December 9, 2014

NEW YORK -- The funded status of the typical U.S. corporate pension plan increased 0.4 percentage points to 89.9% in November as assets rose faster than liabilities, reports the BNY Mellon Institutional Scorecard from the BNY Mellon Investment Strategy and Solutions Group. Public defined benefit plans, endowments and foundations beat their targets in November on the strength of rising asset values. Assets in the typical corporate plan increased 1.5%, outpacing the 1.1% increase in liabilities. Its funded status is down 5.3% from the December 2013 high of 95.2%. The...

Monday, December 8, 2014

Author:  Josh Medore YOUNGSTOWN, Ohio -- Regardless of what’s trendy in the fashion world or someone’s personal preferences when it comes to jewelry, one gift will always be in style and please most women. “Diamond earrings,” Tom Duma declares. “Earrings are always a trend. For women, it’s like a black dress: you can never go wrong with it.” But as with anything, observes the owner of Thom Duma Fine Jewelers in downtown Warren, the trends and popular designers are always in flux. Right now, he says, American designer David Yurman is...

Monday, December 8, 2014

Author:  Dan O'Brien YOUNGSTOWN, Ohio -- Hilcorp Energy Co. has stepped on the gas at its Carbon Limestone Landfill well pads in Mahoning County, resulting in strong production in the northern tier of the Utica shale, according to newly released data from the Ohio Department of Natural Resources (READ RELATED STORY). The ODNR third-quarter production report shows that Hilcorp's seven wells at the Carbon Limestone site in Poland Township collectively produced 1.7 billion cubic feet of natural gas. Hilcorp's Poland CCL2 6H well alone...

Monday, December 8, 2014

WASHINGTON -- Applications for permits to import steel during November totaled 3,938,000 net tons, a 12% decrease from the 4,482,000 permit tons in October and a 10% decrease from the October preliminary imports total of 4,398,000 net tons, the American Iron and Steel Institute reports. Import permit tonnage for finished steel in November was 3,028,000, down 11% from the preliminary imports total of 3,396,000 in October, says AISI. For the first 11 months of 2014, total and finished steel imports were 40,902,000 net tons and 30,839,000 net tons, respectively, up 38%...

Monday, December 8, 2014

YOUNGSTOWN, Ohio -- The Eastern Ohio Chapter of the American Institute of Architects recently presented Rodney Lamberson, an architect with Strollo Architects, with the AIA Eastern Ohio Gold Medal. The recognition is presented to chapter members who have, over an extended period, provided outstanding service to the chapter, the profession and community. Lamberson is a founding member of the American College of Healthcare Architects and is a member of the Academy of Architecture for Healthcare as well as AIA Eastern Ohio. His work has focused principally on health-...

Monday, December 8, 2014

SALEM, Ohio -- The Salem Regional Medical Center Foundation is launching a $1.1 million capital campaign to help fund its $4.6 million oncology expansion project (READ STORY). The Campaign, “Community Champions – Expanding Cancer Care Together,” includes a number of naming opportunities within the new oncology unit, says Lisa Long, SRMC director of development. Contributors of $1,000 or more will be recognized on a donor wall at the entrance of the new unit. Contributions of any amount are welcome as well as gifts from businesses and organizations, she says. The new...

Monday, December 8, 2014

YOUNGSTOWN, Ohio -- Retired nurse Susan Spencer Briney has given $100,000 to the Youngstown State University Foundation to fund the Susan Spencer Briney Scholarship for students who pursue undergraduate degrees in nursing, Paul McFadden, president of the foundation, announced today. Briney grew up in Boardman, attended the Choffin Career Center to become a licensed practical nurse and earned her designation and a registered nurse from the Sharon Regional Hospital School of Nursing. She worked 30 years in the profession, mostly in geriatric and hospice nursing, taking...

Friday, December 5, 2014

Author:  Dan O'Brien YOUNGSTOWN, Ohio -- Production from horizontal oil and gas wells across the state was 49% higher during the third quarter compared to the second  quarter, according to a newly released report from the Ohio Department of Natural Resources. Horizontal shale wells in Ohio produced three million barrels of oil and 132 billion cubic feet of natural gas during the three months ended Sept. 30, ODNR said. By comparison, during the second quarter, Utica wells produced 2.4 million barrels of oil and 88.6 billion cubic feet...

Friday, December 5, 2014

WARREN, Ohio -- The Raymond John Wean Foundation last night convened its strategic partners in the Mahoning Valley – the Mahoning Valley Organizing Collaborative, Youngstown Neighborhood Development Corp. and Trumbull Neighborhood Partnership -- to celebrate their collaborative work and share the  vision of the partnership with board members, staff and employees. “Together with our strategic partners, we are working to catalyze change, leverage advocacy opportunities, encourage, support and nurture resident engagement and collectively build capacity to provide voice...

Friday, December 5, 2014

YOUNGSTOWN, Ohio -- The Youngstown Warren Regional Chamber reports it’s worked on economic development projects through the third quarter 2014 that resulted in the creation of 479 jobs and the retention of 450 jobs. The total investment of these completed projects, according to the chamber, is $121.1 million with the new annual payroll to be generated estimated at nearly $24.7 million. The year-to-date numbers are reported in the chamber’s economic development newsletter dated November 2014. “Our staff is currently managing an array of projects that we hope to...

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