Local News

Monday, August 11, 2014

YOUNGSTOWN, Ohio -- Harrington, Hoppe & Mitchell today announced the addition of attorney Denise Glinatsis Bayer as an associate in the firm. Bayer joins HHM after more than three years in independent practice, where she counseled entrepreneurs, middle-market business owners and nonprofit organizations. Her work included entity formation, commercial transactions, contract negotiation and drafting and corporate governance issues. Previously, she served as in-house counsel for Cafaro Management Co., a Youngstown based developer and manager of shopping centers....

Monday, August 11, 2014

YOUNGSTOWN, Ohio -- Gov. John R. Kasich will deliver the keynote address Aug. 18 when Jim Tressel is officially installed as president of Youngstown State University, the school announced today. The event takes place at 2 p.m. in YSU’s Beeghly Center. Kasich is among several state government and higher education leaders expected to attend the ceremony during which Tressel will be installed as YSU’s ninth president. The ceremony, which will be streamed live at http://www.horizonleague.org/live/11613, is open to the public. Free parking will be available on campus. A...

Monday, August 11, 2014

Author:  Dan O'Brien AUSTINTOWN -- In a sense, R.L. Lipton Distributing Co. acts as the central nervous system of the local beer industry. From its offices and warehouse on Victoria Road, the company supplies more than 1,100 retail customers in Mahoning, Trumbull and Columbiana counties with products manufactured mostly by its anchor brewer, Anheuser-Busch Inc. On any given day, there are about 200,000 cases – or roughly the equivalent of 4.8 million cans and bottles – of beer and wine stacked like building blocks on the floor at the...

Monday, August 11, 2014

CHESTER, W.Va. -- Drops in net revenue at the casinos at Mountaineer Park and Presque Isle Downs s contributed to a net loss of $1.2 million for the second quarter at MTR Gaming Group Inc., the compamy reports. The decrease was attributed primarily to additional gambling competition in Ohio as well as continued competitive pressure from casinos in that market. For the second quarter,  total net revenues were $124.9 million, a decrease of 4.9% compared to the same period in 2013. “Our second-quarter results were once again affected by a challenging regional operating...

Monday, August 11, 2014

WASHINGTON -- Concerned about of the burden of student debt, more parents are making saving a priority this year over last year as the best way to pay for their children's college education, the eighth annual State of College Savings survey finds. Parents ages 21 to 30 and 31 to 35 are getting a jump on the high cost of college by saving earlier in their children's lives. Fully 71% of parents who responded to the survey said that increased public awareness of student loan debt had caused them to look at different strategies for funding their child's education....

Friday, August 8, 2014

NEW WILMINGTON, Pa. -- Westminster College was named one of the "50 Great Affordable Colleges in the Northeast" by Great Value Colleges, a website that helps students find the best possible education for their money. Grove City College, Grove City, Pa., is on the list as well. Grove City ranks No. 6 on the list of private schools, while Westminster ranks 22nd. According to the rankings, the school has a freshmen retention rate of 91% and 96% of alumni are working or in graduate school. Grove City College focuses on providing an affordable education from a Judeo-...

Friday, August 8, 2014

CLEVELAND -- Parker Hannifin Corp. reports fiscal year 2014 net income of $1,041 million, or $6.87 per diluted share. This compares with net income of $949 million, or $6.25 per diluted share, for fiscal 2013. Sales were a record $13.2 billion for fiscal 2014, up from $13 billion in the previous year. Cash flow from operations for fiscal 2014 was $1.4 billion, or 10.5% of sales, compared with $1.2 billion, or 9.1% of sales, in the prior year. Excluding a discretionary contribution to the company's pension plan of $75 million in fiscal 2014, cash flow from operations...

Friday, August 8, 2014

WARREN, Ohio -- Warren Steel Holdings resumed operations Thursday, following approval by state utility regulators of an arrangement that will allow it to pay reduced electric rates. The company shut down in late March, explaining that high energy costs made it uncompetitive, according to documents filed in June with the Public Utilities Commission of Ohio. Warren Steel operates in the former CSC Industries plant in Champion Township. The plant produces carbon and alloy steel continuously-cast products. It employs 180 wage and salary workers. “The restart of...

Friday, August 8, 2014

DALLAS -- Regency Energy Partners announced Thursday that it has secured a joint venture agreement with American Energy–Midstream LLC for the construction and operation of Regency's $500 million Utica Ohio River project.  Regency and American Energy Utica LLC, a subsidiary of former Chesapeake CEO Aubrey McClendon's American Energy Partners, will also enter into a gathering agreement for gas AEU produces in the Utica shale. “We are excited about the strong growth potential of the Utica shale, and this project will be a main takeaway option for Utica development,...

Friday, August 8, 2014

Author:  Dennis LaRue YOUNGSTOWN, Ohio -- Being the depository of funds for school districts, port authorities and municipal and county governments is not as profitable as commercial and consumer lending, bankers say, but it is profitable and not as competitive. It’s mostly smaller community banks that fill this role. They do so in part out of a sense of giving back to the communities where they have a presence.  “We’re community stewards,” says John Draganic, an associate managing director at Talmer Bank and Trust and its business...

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