Banking & Finance

Valley House Sales Keep Pace with August 2013

YOUNGSTOWN, Ohio -- Sales of houses in August were on par with a year ago, the latest monthly report shows.

Key Reports It’s Improving as Corporate Citizen

Mahoning Valley Auto Sales Flat in August

YOUNGSTOWN, Ohio -- Sales of new cars and trucks in Mahoning, Trumbull and Columbiana counties remained flat in August compared to a year earlier, according to the Automobile Dealers Association of Eastern Ohio's monthly report on auto sales.

Middlefield Banc Corp. to Trade on Nasdaq Wednesday

MIDDLEFIELD, Ohio -- Common stock of the Middlefield Banc Corp., holding company of The Middlefield Banking Co., will begin trading on the Nasdaq Capital Market stock exchange effective with the opening of trading Sept. 10.

PNC Launches Equipment Finance Group

PITTSBURGH -- PNC Equipment Finance, a member of The PNC Financial Services Group Inc., has created a Structured Finance Solutions group, Rich Doherty, president of the subsidiary, announced Thursday.

GM, Cruze Sales Decline, Big Month for Chrysler

DETROIT -- General Motors Co. dealers delivered 272,423 vehicles in the United States in August, down 1.2% from last August -- the top sales month of 2013, the company reported this morning.

House Prices in Youngstown, Warren Region on Upswing

IRVINE, Calif. -- The prices of houses in the Youngstown-Warren-Boardman area rose 7.4% in July compared with July 2013, CoreLogic announced Tuesday. Month-over-month, the prices rose 2.7% compared to June.

Half of Americans Avoid Stocks, Bonds Markets

BLOOMINGTON, Ill. -- The stock market has recovered since the Great Recession, but many Americans remain wary of investing or simply unable to get started. Just more than half, 51%, said in a survey that they do not invest in the stock or bond markets in any way.

For those that do not invest, 56% say not having enough money is the biggest obstacle, found the Country Financial Security Index survey. Americans also cite their distrust of the stock and bond markets (12%) and not knowing how to get started (11%).

Underwater Mortgages in US Fall to 17%

SEATTLE -- One in six U.S. homeowners with a mortgage -- or 8.7 million Americans -- was underwater in the second quarter despite rising residential values, Zillow reported Wednesday.

Business Economists Think Fed Policy on Right Track

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