Company News

GM Lordstown Reels as Sales Slump Costs 1,200 Jobs

LORDSTOWN, Ohio – There have been layoffs of this magnitude at the Lordstown Assembly before, but it’s been a long time. Glenn Johnson, president of UAW Local 1112, knows that well enough. In 1980, he lost his job as General Motors’ sales stagnated and workers were laid off. He was out of work for 14 […]

Breaking: GM Lordstown to Cut 3rd Shift, 1250 Jobs

LORDSTOWN, Ohio – General Motors Corp. announced today that it is suspending third shift operations at two of its Midwestern plants, including the Lordstown Assembly. The move will affect 1,202 hourly workers and 43 salaried workers at the plant, GM said in a release. The third shift will end Jan. 23, 2017. The announcement is part […]

Vallourec Reports $176M Loss in Third Quarter

BOULOGNE-BILLANCOURT, France – Vallourec, the parent of Vallourec Star, posted a net loss of $176 million during the quarter that ended Sept. 30. The company, which operates a tube production plant in Youngstown, Ohio, said that revenues fell 20.5% compared to year ago figures because of a continued slump in oil prices. Revenues during the […]

Youngstown Thermal Makes Its Case to City Council

YOUNGSTOWN, Ohio – The CEO of Youngstown Thermal Inc. told City Council’s building and grounds committee that his district energy plan could save the city $2.5 million a year and is much more efficient than a plan presented by a Cleveland-area company in September. Carl Avers said his company is developing two major projects, one […]

VLT Wagers in October Rise 12.2% at Racino

YOUNGSTOWN, Ohio – Wagers on video lottery terminals at Hollywood Gaming at Mahoning Valley Race Course in October were up 12.2% from a year earlier, the Ohio Lottery Commission reported Monday. VLT wagers last month totaled $88.1 million, compared with $78.5 million in October 2015. The average number of VLTs operating per day at the […]

Mahoning Valley Manufacturers Coalition Turns 5

CANFIELD, Ohio — The thought of creating a coalition of manufacturers – many of whom compete with one another for business and workplace talent – to address the shortage of skilled workers in the manufacturing sector was met with skepticism when the idea was raised more than five years ago. Those suspicions have since evaporated. […]

BBB Advises Caution for House-Flipping Seminar

YOUNGSTOWN, Ohio – The Better Business Bureau is advising consumers to be cautious when responding to a mailer for a house-flipping seminar Nov. 9. The seminar, “Flipping Ohio,” is promoted with the endorsements of HGTV personalities Tarek and Christina El Moussa under the name Success Path. Two tickets, each labeled as $147 value, are enclosed. […]

Chesapeake Reports $1.8B Loss, Plans to Drill More Wells

OKLAHOMA CITY – The continued drop in energy commodity prices, reduced production, and impairment charges led Chesapeake Energy Corp. to post a loss of $1.197 billion for the three months ended Sept. 30. In announcing the financial results this morning, the company said revenues decline 30% for the period. Chesapeake, which owns and operates more […]

Philanthropy Sparkles at Komara Jewelers

YOUNGSTOWN, Ohio — Bob Komara, owner of Komara Jewelers in Canfield, traces the origins of his company’s philanthropy to a couple of incidents two decades ago. They were the starting point for him to donate tens of thousands of dollars worth of merchandise and gift cards to nonprofit organizations and charitable causes over the years. […]

Adi Offers Plans to Expand His Downtown Circle

YOUNGSTOWN, Ohio – The city Design Review Committee approved a new front door and walk-up window for Downtown Circle Convenience and Deli, the first step the owner is taking to expand the store he opened on West Federal Street more than five years ago. When the committee met Tuesday, Downtown Circle owner Al Adi outlined […]

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