Americans Adjust Spending to Cope with Payroll Tax
Tuesday, February 26, 2013WASHINGTON -- A change in federal tax law that decreased the take-home pay of many working Americans is affecting household budgets. In fact, 73.3% of respondents to a recent survey say their spending plans have taken a hit.
It’s Career Week at YSU Williamson College of Business
Tuesday, February 26, 2013YOUNGSTOWN, Ohio -- The Williamson College of Business Administration at Youngstown State University is hosting Career Week through Friday. Workshops and panel discussions are taking place in the atrium of Williamson Hall.
First Niles Financial Declares Two Dividends
Tuesday, February 26, 2013NILES, Ohio -- First Niles Financial Inc., the parent of Home Federal Savings and Loan Association of Niles, Monday announced a first-quarter cash dividend of eight cents per common share and nine cents per share of preferred class A stock.
The dividends are payable March 22 to shareholders of record March 8.
First Niles had $102.2 million in assets and $13.1 million in stockholders’ equity as of Dec. 31 and meets or exceeds all regulatory capital minimums.
Membership Holds Steady in Region's Labor Unions
Monday, February 25, 2013YOUNGSTOWN, Ohio -- Several labor organizations in the region say they are holding their own in terms of membership, even as the number of rank and file declines nationally.
Union officials at some locals report their members are benefiting from the oil and gas development and its resulting spinoff activity, while others, such as those representing public employees, are fighting the headwinds caused by funding cuts at state and local levels.
White House Lists Ohio Impact from Sequester Cuts
Monday, February 25, 2013WASHINGTON, D.C. – Cuts to military preparedness, environmental protection, education and safety services are all among the consequences that await Ohio, Pennsylvania and the rest of the United States if the sequester is permitted to take effect Friday, the White House warned Sunday.
Watchdog Group Cites Fracking and Pa.'s 'Revolving Door'
Monday, February 25, 2013BUFFALO, N.Y. The oil and gas industry frequently argues that fracking means jobs. "This appears to be especially true for former regulators and other public officials in Pennsylvania," finds the Public Accountabiity Initiative, a watchdog group based here.
Ohioans Get $280M from Mortgage Settlement
Monday, February 25, 2013COLUMBUS, Ohio -- More than 7,000 Ohioans have received more than $280 million in consumer relief from the National Mortgage Settlement announced one year ago, according to state Attorney General Mike DeWine. A new report summarizes self-reported data provided by the five mortgage servicers who are parties to the settlement, including Ally, Bank of America, Citi, JPMorganChase, and Wells Fargo.
'3 Minutes With' Chris Scheve, Regional VP, Valerus
Monday, February 25, 2013YOUNGSTOWN, Ohio -- In today's "3 Minutes With" video, Chris Scheve, regional vice president of Houston-based Valerus, discusses the products his company manufactures for the oil and gas industry, its partnership with Brilex Industries to manufacture equipment here, and the potential for future product and employment growth locally (READ STORY).
Newton Falls Agent Among Top Ohio Insurance Actions
Monday, February 25, 2013COLUMBUS, Ohio -- A Newton Falls woman’s failure to pay customer claims in a timely manner has landed her among the top fraud and enforcement cases for the Ohio Department of Insurance last year. Agent Pamela Priddy last year was assessed a $35,000 civil penalty and a $15,000 administrative fee.
Valerus, Brilex Take First Step in Shale's First Wave
Saturday, February 23, 2013YOUNGSTOWN, Ohio -- Step inside the huge section of the Brilex Industries plant on Andrews Avenue dedicated to fabricating vessels for Valerus and you see a huge open space, fresh paint and new concrete flooring awaiting the start of full-scale production.
It’s a sight indicative of the economic potential that accompanies the emerging oil and gas industry, an analogy that comes to mind after interviewing Chris Scheve, the Valerus vice president for the northeast region.