Company News

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 […]

Alliance Solutions’ Valley Office Sees Revenues Up 30%

AUSTINTOWN, Ohio — Alliance Solutions Group of Mahoning Valley will move to a larger office the first part of 2016 to accommodate staff growth. Additional personnel are needed following what Vic Ing, president of the staffing and recruitment firm’s Mahoning Valley office in Austintown, describes as “hyper growth” in 2015, with revenues growing nearly 30% […]

Gateways Galleria Opens in Niles

NILES, Ohio – Gateways Galleria has opened a new day habilitation center that’s directed to help adults with developmental disabilities, a service that officials say is much needed in Trumbull County. “We are looking at this as a hub and trying to get our individuals out in the community,” said Elizabeth Merritt, manager at Gateways […]

Solar Atmospheres’ New Building Nearly Complete

HERMITAGE, Pa. – Thanks to the unseasonably warm winter, Solar Atmospheres of Western PA’s new 18,000-square-foot building should be fully enclosed by the end of this month, within 2½ months of its groundbreaking. Once the 20-ton crane is installed and the floor is poured, the building will be ready to accept delivery in mid-February of […]

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