Company News

Parker Hannifin Issues Plant’s Final WARN Notice

YOUNGSTOWN, Ohio – The final official notice that Parker Hannifin will close its Gear Pump plant at 2701 Intertech Drive has been received the Ohio Department of Job & Family Services. The WARN notice, required by the Workers Adjustment and Retaining Notification Act, also was addressed to the mayor of Youngstown, which Parker Hannifin’s letter, […]

Another Carrier Raises Objection to ADI’s Certificate

VIENNA TOWNSHIP, Ohio — Less than a week after federal regulators approved Aerodynamics Inc.’s request to provide service to Youngstown-Warren Regional Airport, another carrier has cme forward with an objection to the approval. Executive Express Aviation LLC filed the objection Wednesday to the U.S. Department of Transportation’s Jan. 28 issuance of its order awarding a […]

Penn National Reports 2015 Profits of $2.8B

WYOMISSING, Pa. — Penn National Gaming Inc. had net income of $734.0 million for the fourth quarter and $2.8 billion for 2015, the company reported this morning. Penn National, which operates the Hollywood Gaming at Mahoning Valley Race Course in Austintown, Ohio, also reported adjusted earnings of $206.2 million for the fourth quarter and $795.7 […]

Downtown Avalon Pizzeria Closes Suddenly

YOUNGSTOWN, Ohio – Lunchtime patrons of the Avalon Downtown pizza shop today were greeted with a sign that West Federal Street restaurant was closed. Behind the locked doors was a sign that simply stated, “CLOSED THANK YOU.” Above the lock on each door was a sign stating “Massulo Prop.” had changed the locks. On the […]

TMK IPSCO Warns Brookfield Plant May Close

BROOKFIELD, Ohio – The oil and gas downturn caught up with TMK IPSCO’s plant here Wednesday as employees learned the pipe-threading mill could close in two months unless market conditions greatly improve. Letters were circulated to about 100 employees informing them of the potential shutdown. As of this morning, the required WARN notice was not […]

GM Reports Record Income of $9.7 Billion

DETROIT – With falling gas prices pushing the sales of trucks and SUVs, General Motors Co. reported a record income of $9.7 billion, or $5.92 per diluted share, in 2015, beating out last year’s $2.8 billion. Pre-tax earnings for the company were $10.8 billion, also a record, the auto manufacturer reported. “It was a strong […]

Laird Technologies Focuses on Expanding for 2016

WARREN, Ohio – After relocating to Warren in 2014, Laird Technologies has plans to continue expanding its footprint and becoming a regional center for the United Kingdom-based company. The Warren division manufactures and distributes remote controls and wireless communication devices. With its business growing since moving to the former Delphi Corp. building, several new employees […]

Cruze Sales Down as Big Three Post Mixed Results

YOUNGSTOWN, Ohio – The Big Three automakers reported mixed January sales results this morning as Fiat Chrysler Automobiles and General Motors Co. posted gains, leaving Ford Motor Co. as the only American brand to have a drop in sales. General Motors’ sales were up 9% last month from a year ago with 203,745 cars, trucks […]

City Awards $50,000 Grant for VXI Upgrades

YOUNGSTOWN, Ohio – The Youngstown Initiative Committee approved a $50,000 performance grant Monday afternoon for VXI Global Solutions Inc. to make improvements to its offices in 20 Federal Place. The money will help fund $249,839.52 in upgrades that VXI has committed to the offices, said Tom DeAngelo, economic development coordinator. The grant draws down on […]

May River Capital Acquires Hunt Valve in Salem

SALEM, Ohio – A Chicago investment firm has acquired a longtime manufacturer here and plans to expand its business, officers say. Hunt Valve Inc., which has operated here nearly 100 years, was acquired by May River Capital in mid-November, the company announced Monday. Terms were not disclosed. Brad Sterner, the new president and CEO of […]

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