Company News

Thermal Losing 60% of Revenue; CEO in Bankruptcy

YOUNGSTOWN, Ohio — The financial stability of Youngstown Thermal, the utility that heats and cools 50 downtown buildings, is threatened by the loss next June of its biggest customer, Youngstown State University, which accounts for $3.2 million of the company’s $5 million in annual revenues. At the same time, the city of Youngstown has set […]

Smooth Selling in Global Marketplace for Redex

SALEM, Ohio – During the late 1970s, Bill Kennedy Sr., a pharmacist by profession, realized that he had had enough of the retail trade and began looking for another venture and the next chapter in his career. In 1978, the University of Pittsburgh graduate became interested in a company that manufactured cosmetics for the dairy […]

Penn National Reports ‘Solid’ Contribution from Austintown Racino

WYOMISSING, Pa. – Penn National Gaming Inc.’s two Ohio racinos, including one that opened in Austintown last September, are making “continued solid contributions” to the company’s bottom line, the company’s CEO said. Penn National, which owns Hollywood Gaming at Mahoning Valley Race Course, Thursday reported second-quarter revenues of $701.0 million and adjusted earnings before interest, […]

Kutlick Realty Announces Commercial Deals

BOARDMAN, Ohio – Kutlick Realty LLC announced Thursday a series of transactions it has completed involving commercial and industrial properties in the Mahoning Valley. Recent transactions that the Boardman real estate company brokered include Cowles Tool’s relocation to the former Hynes Steel building on Four Mile Run Road in Austintown; the sale of five  buildings with […]

Quality Switch to Build $1M Voltage Testing Center

NEWTON FALLS, Ohio — Quality Switch Inc. intends to break ground on a new high-voltage testing and research center that company principals say will help expand its product line and improve its competiveness in the international market. “We’re being pressured to broaden our product scope,” says Larry Dix, Quality Switch president. “To do that requires […]

GM Reports Second-Quarter Earnings of $1.1 Billion

DETROIT – Even with global sales dipping 1.7% in the second quarter, General Motors Co. still reported second-quarter earnings of $1.1 billion Thursday, or 67 cents per diluted share, behind strong sales in North America. Globally, GM said it sold 2.46 million vehicles. Sales of GM brands in the United States, Canada and Mexico were […]

Alcoa Completes Acquisition of RTI International Metals

NEW YORK – Lightweight metals giant Alcoa completed its acquisition Thursday of Pittsburgh-based RTI International Metals Inc., which operates a large titanium mill in Niles, Ohio. The deal, worth $1.5 billion, was announced last March. Under the acquisition, RTI is a stand-alone business unit as part of Alcoa’s downstream Engineered Products and Solutions segment and […]

Blowing Smoke: Downtown Circle Opens Hookah Bar

YOUNGSTOWN, Ohio – With all the redevelopment in downtown, Downtown Circle owner Al Adi knew he wanted to play a bigger role. On July 10, that expanded role – a patio, lounge and hookah bar – opened in the back of the store, 116 W. Federal St. Patrons can smoke inside the lounge and outside […]

RTI Shareholders Approve Merger with Alcoa

PITTSBURGH – Shareholders of RTI International Metals Inc. voted overwhelmingly Tuesday to approve the company’s merger agreement with Alcoa Inc. At the annual meeting held here, 94% of the shares were voted, the company said, with 85% of the outstanding shares voted in favor of the merger. RTI and Alcoa expect the merger to close […]

Regional Chamber Adds 3 to Board of Directors

YOUNGSTOWN, Ohio – Three new members will join the Youngstown Warren Regional Chamber’s board of directors later this month, the chamber announced Tuesday. The new board members are Dr. Lance Grahn, dean and chief administrative officer for Kent State University at Trumbull; John Walsh, CEO of Trumbull Memorial Hospital; and Mark Wenick, executive managing director […]


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