Law Firm Looks into Sale of PVF Capital to F.N.B.
Wednesday, February 20, 2013NEW YORK -- The sale of PVF Capital Corp. of Solon, Ohio, to F.N.B. Corp. of Hermitage, Pa., announced Tuesday (READ STORY), is being scrutinized by the law firm of Levi & Korinsky, which is looking into whether the PVF board’s breached its fiduciary duty and other violations of Ohio law.
Kasich Touts Tax Reform, Infrastructure Spending
Wednesday, February 20, 2013YOUNGSTOWN, Ohio – Gov. John Kasich touted plans last night to cut taxes on individuals and small businesses, in part by raising taxes on oil and gas production, and leverage Ohio Turnpike tolls to raise money for infrastructure improvements throughout the state.
“Jobs are our greatest moral purpose,” Kasich told the assembled members of the state General Assembly at the Veterans Memorial Civic & Convention Center in Lima. The event was the second time Kasich delivered the annual State of the State address, which was also streamed online.
Domestic Steel Shipments Rose in December, Fell in 2012
Wednesday, February 20, 2013WASHINGTON -- In December 2012, U.S. steel mills shipped 7,483,120 net tons, a 1.2% increase from the previous month but 7.5% less than in December 2011, the American Iron and Steel Institute announced Tuesday.
Shipments for full year 2012 were 95,948,663 net tons, a 4.4% increase over 2011 shipments, according to the trade group.
Valley United Way Beats $2.5M Campaign Goal
Wednesday, February 20, 2013AUSTINTOWN, Ohio – Ted Schmidt knew the pressure was on when he took the role of chairman for the United Way of Youngstown and the Mahoning Valley’s 2012 campaign. As Bob Hannon, president of the United Way chapter recalled yesterday, Schmidt, regional president for PNC Bank, told him that no campaign chaired by a bank president had failed to make goal, and he couldn’t be the first.
“I told Bob we’ve got to figure out a way,” said Schmidt.
'3 Minutes With' Bob Hannon, United Way President
Wednesday, February 20, 2013AUSTINTOWN, Ohio -- In today's "3 Minutes With" video, Bob Hannon, president of the United Way of Youngstown and the Mahoning Valley, discusses the 2012 annual campaign results, the collaboration with the United Way of Trumbull County to give away a 2013 Chevrolet Cruze, and potential future collaborations with Trumbull County. The annual campaign exceeded its $2.5 million goal (READ STORY).
Restaurants Invited to Join Red Cross Month
Wednesday, February 20, 2013WARREN, Ohio -- March is Red Cross Month, and the Red Cross of the Mahoning Valley is asking Valley restaurants to participate in its Dine and Donate program. All proceeds will be used to support the mission of the American Red Cross of the Mahoning Valley.
Midwest Consumers Ready to Buy or Lease Vehicles
Wednesday, February 20, 2013COLUMBUS, Ohio -- One consumer in five in the Midwest plans to buy or lease a vehicle this year, Huntington Bank’s new Midwest Economic Index has found.
In its first survey of consumers in the Midwest, Huntington Bank’s economics department learned that more than one in five, or 21%, are considering the purchase or lease of a car, truck or motorcycle this year.
Patriot Water Treatment Bristles at ODNR Directive
Tuesday, February 19, 2013WARREN, Ohio – The president of Patriot Water Treatment LLC says that the Ohio Department of Natural Resources is poised to do more environmental harm than good by directing wastewater from D&L Energy to Class II injection wells rather than ship the water to his treatment plant in Warren.
Manufacturing in NE Ohio to Exceed Nation through 2020
Tuesday, February 19, 2013CLEVELAND -- The shift from traditional to advanced manufacturing is playing a critical role in the region’s economic transformation. Between 2010 and 2020, manufacturing gross regional product is projected to grow 39% to a $43 billion sector of the regional economy.
And U.S output is projected to grow 33%, according to the quarterly Cleveland Plus Economic Review released Monday by Team NEO.
Ice Zone to Close, Practice Rink for Phantoms
Tuesday, February 19, 2013BOARDMAN, Ohio – The Ice Zone will close in May, its owners confirmed to reporters Monday, depriving the Youngstown Phantoms of the rink it uses for practices even as its fate at its competition venue remains up in the air.