Company News

PJM Synchronizes Power on an Aging Grid

YOUNGSTOWN, Ohio — Each morning when we flip a light switch, we don’t give a second thought to whether the lights will turn on. Most of the time, they do. This simple task belies the mind-numbing complexity of what it takes to produce, transmit and then deliver the huge quantity of electricity to households, businesses […]

Robots Keep Valley Manufacturers Competitive Even as Jobs Threatened

YOUNGSTOWN, Ohio — Toward the rear of QFM Stamping Inc.’s plant in Salem, a brightly painted yellow robotic arm zips back and forth, stopping at programmed intervals to weld portions of a component used in the rail car industry. The bed that holds the part lifts and turns as the automated arm adjusts and prepares […]

GM Reports Record 1Q Revenue of $41.2B

YOUNGSTOWN, Ohio – General Motors Co. reported a record first-quarter revenue of $41.2 billion, or $1.70 per diluted share, a 10.6% jump from the first quarter last year. The company also set a record for revenue from its North American market as it increased 10.7% to $29.3 billion. “Our first-quarter results reflect our resolve to […]

Site Prep for Chill Can Plant Shows Downtown Vista

YOUNGSTOWN, Ohio – Until recently, the two city blocks bordered by Fruit Street to the east and Lane Avenue to the west on the East Side were filled with thick woods and overgrown brush. Along both streets stood 15 vacant houses leftover from a neighborhood that thrived some 40 years ago and where hundreds of […]

Apostolakis Dealerships Earn Honda Customer Service Awards

HERMITAGE, Pa. – As two of his dealerships were presented with awards Thursday from Honda Financial Services, John Apostolakis credited “the clientele, the product and the people” for setting his car dealership apart from his competition. “Everyone says it, but I mean it. If you don’t have a good product, staff or customers, it won’t […]

G-Base Movie Project a Step Closer to Filming

YOUNGSTOWN, Ohio – The approval of a float loan by Youngstown City Council is just about all that’s separating a film production company from filming in the Mahoning Valley. Thursday evening, Council’s Housing and Economic Development Committee gave the OK to Law Director Martin Hume to draft legislation approving a $2 million float loan to […]

Penn National Revenues Up in First Quarter

WYOMISSING, Pa. – Penn National Gaming Inc. reported net revenues of $776.2 million in the first quarter this morning, up from $756.5 million in the first quarter of 2016 and beating out estimates the company reported in February and March. “Penn National delivered a strong first quarter with operating results exceeding both our original and […]

Big Energy, Little Energy Brace for Legislative Showdown

YOUNGSTOWN, Ohio — Executives and organizations that support the development of independent energy production are calling two bills introduced in the Ohio General Assembly nothing less than a $5 billion bailout for utility giant FirstEnergy Corp. that will saddle residents with higher energy costs. FirstEnergy says the bills, collectively called the Zero Emissions Nuclear Resource […]

Vallourec Posts $137M Loss for First Quarter

BOULOGNE-BILLANCOURT, France – Vallourec, the parent of Youngstown tube manufacturer Vallourec Star, posted a first-quarter net loss of $137 million, mainly because of low pricing, higher material costs and a weaker customer mix in the European market, the company said Wednesday. This compares to a net loss of $308.9 million the year-ago quarter. “Our financial […]

Mercy Health Awarded $70K for Simulation Equipment

YOUNGSTOWN, Ohio – Mercy Health Youngstown will purchase new medical simulation equipment thanks to a $70,000 grant from the Appalachian Regional Commission, along with a matching donation from the Mercy Health Foundation. The machines will allow the hospital system to expand clinical training for physicians, dentists, nurses, medical students and other staff. In addition, the […]

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