Company News

GE’s ‘Brilliant’ Full-Court Press Invests $500B

GROVE CITY, Pa. — By 2020, General Electric Co. expects it will spend more than $500 billion on high-tech digital systems that it says will revolutionize its capabilities and reset the benchmark for manufacturing. To date, GE has invested $5 billion in converting six of its global manufacturing and remanufacturing sites into what it calls […]

GE Plant Is Not Just Smart, It’s ‘Brilliant’

GROVE CITY, Pa. – Were this five years ago, Keith Spahn would be busy at his workstation scrawling calculations by hand to determine whether a metal plate used on locomotive engines was fit for service or should be scrapped. The process could take up to 10 minutes. Not only was it time-consuming, he says, it […]

Williams Takes Job with Hartford Foundation

YOUNGSTOWN, Ohio – Former  Mayor Jay Williams has accepted a job as president of a philanthropic foundation in Hartford, Conn. Williams, who was considering a run for Ohio governor after leaving the U.S. Department of Commerce in January, will take over July 17 as president of the Hartford Foundation for Public Giving, the foundation announced […]

Covelli Expands Panera Footprint in North Carolina

WARREN, Ohio – Covelli Enterprises announced Wednesday that it has acquired 15 Panera Bread bakery-cafes in North Carolina and owner/operator Sam Covelli said he already is looking at expanding in that market. The purchase of the bakery-cafes in the Tarheel State, previously owned by Show Me Bread Inc., follows Covelli’s acquisition of 22 bakery-cafes in […]

Port Authority Sues ADI for Fraud, Seeks $361,714

YOUNGSTOWN, Ohio – The Western Reserve Port Authority today approved moving forward with a lawsuit against Aerodynamics Inc. and three of its related entities, including Great Lakes Jet Express, which last year briefly offered passenger service from Youngstown-Warren Regional Airport to Chicago. The litigation, filed April 20 in Trumbull County Common Pleas Court by the […]

GM Lordstown Production Won’t Change After Shutdown

YOUNGSTOWN, Ohio – After meetings in Detroit with officials from General Motors, union leaders at the plant in Lordstown have announced that the complex’s production speed won’t be changed after a shutdown this summer, preventing further layoffs. “At this point in time, the previously announced de-rate has been postponed indefinitely,” said a flyer posted on […]

Cerni Motors Partners with 2 Midwest Dealerships

YOUNGSTOWN, Ohio – Cerni Motor Sales is joining with Iowa-based O’Halloran International and Indiana’s Uhl Truck Sales to form a partnership. Effective June 1, the three companies will merge to form TriVista. Through the merger, the companies will each maintain their individual brands, but use a shared logo. In addition, each company will be able […]

Chemical Bank Gives $5K to Trumbull United Way Program

WARREN, Ohio – Chemical Bank has donated $5,000 to support United Way of Trumbull County’s “Ready, Set, Go!” program, a two-week program for students who need help preparing for the Ohio Third Grade Reading Test. “We are committed to giving back to the communities we serve,” said Chemical’s regional president, Mark Wenick, in a release.  […]

FirstEnergy CEO Expresses Confidence to Shareholders

AKRON, Ohio — Shareholders of FirstEnergy Corp. today heard the utility’s CEO, Charles E. Jones, deliver an upbeat assessment of what he called “significant progress toward its goal of transitioning into a more fully regulated company that is better positioned to meet the energy needs of its customers, support its communities, and deliver greater value […]

FirstEnergy Solutions ‘Flirting with Bankruptcy,’ Report Finds

YOUNGSTOWN, Ohio – Energy giant FirstEnergy Solutions, an Akron-based subsidiary of FirstEnergy Corp., is “flirting with bankruptcy” and is unlikely to find a buyer for its outdated coal and nuclear-power generating plants in Ohio and Pennsylvania, according to an assessment by Cleveland-based Institute for Energy Economics and Financial Analysis. The study said the fortunes of […]

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