Vallourec 'Very Cautiously' Watching Oil Prices
Thursday, January 08, 2015YOUNGSTOWN, Ohio -- Tube producer Vallourec says it is watching the oil market "very cautiously" as it monitors customer demand in the wake of plummeting oil prices that have manufacturers and energy exploration companies scrambling to adjust.
"We are looking at oil price trends very cautiously and closely monitoring our customers' activity," the French company said in a statement released Wednesday. "The oil and gas sector, is by nature, cyclical. We've adapted to similar cycles in the past and will adapt to the evolution of the demand."
Portman Re-election Campaign Reports $5.8M Cash on Hand
Thursday, January 08, 2015COLUMBUS, Ohio -- The Portman for Senate campaign today announced it ended 2014 with $5.8 million cash on hand. In addition, Portman announced that he has received the endorsement of more than 250 key Ohio Republican leaders, including the entire Republican congressional delegation, all statewide elected officials, and nearly 90% of State House and Senate Republican members.
Brown Offers Alternative to Counter Payday Lenders
Thursday, January 08, 2015YOUNGSTOWN, Ohio -- Low-income taxpayers who qualify for the Earned Income Tax Credit would be eligible for an advance of up to $500 for families with children and $133 for workers without children under legislation being proposed by U.S. Sen. Sherrod Brown.
The Early Refund EITC would provide an alternative to borrowing from payday lenders for many of these workers. Brown told reporters on a conference call Wednesday.
The proposal would allow workers to apply to their employer for an advance on the tax credit during the second half of the year, Brown explained.
VLT Wagers at Racino Total $268M Through December
Thursday, January 08, 2015YOUNGSTOWN, Ohio – Patrons wagered $268.4 million at video lottery terminals at Hollywood Gaming at Mahoning Valley Race Course through December, the Ohio Lottery Commission reported.
Bettors at the Austintown racino played $68.9 million in credits on the VLTs last month, including $537,461 in promotional play credits. according to the monthly VLT reports released Wednesday. That was up from the $66.9 million in VLT revenue during November. Patrons in November wagered $388,327 in promotional play credits in November.
Akron Children's Hospital to Celebrate 125 Years
Thursday, January 08, 2015AKRON, Ohio -- Akron Children's Hospital is looking forward to a busy and celebratory 2015 highlighted by the opening of the new Kay Jewelers Pavilion in the spring and the hospital’s 125th anniversary in October.
'3 Minutes With' Millwood Inc.
Thursday, January 08, 2015VIENNA TOWNSHIP, Ohio -- Today's "3 Minutes With" video focuses on Millwood Inc. Featured are John Moore, Millwood Inc. marketing manager, Chimadika Okoye, who works in new business development in Millwood’s Liberty Technologies division, and Ben Timmons, business development manager for Millwood Natural (READ STORY).
"3 Minutes With" is a daily video feature produced by The Business Journal.
Millwood's Vienna Plant Makes Old Pallets New
Wednesday, January 07, 2015VIENNA, Ohio -- Everything gets used and reused at Millwood Inc. At the wood products and packaging company center here, anything sent there will be reused in one way or another.
“We utilize any pieces of the pallets that are broken or taken off during the refurbishing process,” says Ben Timmons, manager of business development for Millwood Natural, the division of Millwood that creates products for the oil and gas industry. “We can use those as sawdust that gets put into the silt socks. It minimizes the products that go to landfills when there’s still use for them.”
Kutlick Expects to Name New Tiffany Square Tenant
Wednesday, January 07, 2015BOARDMAN, Ohio -- Kutlick Realty LLC said it expects to make an announcement soon on a new retail tenant for the renovated Tiffany Square Plaza.
The company reported its expectations in a new release Tuesday that noted the grand opening there Monday of Hobby Lobby, which relocated to the shopping center where it occupies in 55,000 square feet. The craft retailer joins Fin Feather Fur Outfitters, which opened there last year, and other tenants including Michael Alberini's Restaurant & Wine Shop and Muscle Connection.
New Retailer, Upgrades on Tap at Southern Park
Wednesday, January 07, 2015BOARDMAN, Ohio -- The Swedish clothing retailer H&M will join the mix of tenants at Southern Park Mall, Simon Property Group announced this morning.
H&M, known for its fast-fashion clothing offerings for women, men, teenagers and children, will occupy 18,000 square feet in the Sears concourse of the mall. The store is tentatively scheduled to open in early summer.
Additionally, two of the mall’s current tenants -- Victoria’s Secret and American Eagle -- will undertake changes this year.
New Injection Well Slated for Warren Township
Wednesday, January 07, 2015YOUNGSTOWN, Ohio -- The Ohio Department of Natural Resources has issued a permit to Kleese Development Associates Inc., Warren, to develop a new Class II injection well in Warren Township, according to records.
This would be the third injection well the company has in Trumbull County, ODNR records show. Kleese Development operates two other injection wells in Vienna Township. Company officials could not be reached for comment.