Business news digest

NATION

Delphi to lay off about 600 salaried workers

NEW YORK — Delphi said its electronics and safety division will lay off about 600 of its 3,200 U.S. salaried workers as part of a cost-cutting plan.

The Troy, Michigan-based company blamed lower orders for electronic components stemming from drops in consumer demand for new vehicles and shift in preferences toward smaller cars.

Milton Beach, a spokesman for the auto supplier, said the job cuts are part of a plan to cut the division’s total costs by 25 percent.

The bulk of the jobs are business- and engineering-related and based in Kokomo, Indiana; no jobs will be cut from the Warren, Ohio, plant, Beach said.

Delphi has been operating under Chapter 11 bankruptcy protection since October 2005.

Group predicts 5.7% drop in Labor Day air travel

WASHINGTON — An airline trade group expects Labor Day travel to drop by 5.7 percent this year, as rising airfares and schedule cuts keep travelers home.

The Air Transport Association of America projected on Monday that 16 million paying passengers will fly globally on U.S. airlines between Aug. 27 and Sept. 3. That would be down 5.7 percent from the 17 million passengers during the same period last year.

The projection includes a 6.5 percent drop in domestic travel and a 1 percent increase in international travel.

Delta to allow adjustments because of tropical storm

ATLANTA — Delta Air Lines will allow customers booked on flights to, from or through certain Georgia and Florida cities to adjust travel without penalties or fees because of Tropical Storm Fay.

The Atlanta-based airline said late Sunday that the adjustments are a result of flooding and high winds expected from the storm.

Customers who purchased tickets by Aug. 16 and were scheduled to travel Aug. 16-21 from or through certain cities may make a one-time change without penalty or additional fees if tickets are changed by Thursday.

The adjustments include Delta, Delta Connection or Delta-coded flights.

REGION

F.N.B. Corp. merges with Iron and Glass Bancorp

HERMITAGE, Pa. — F.N.B. Corp. announced Monday that it has merged with Iron and Glass Bancorp Inc.

Shares of Iron and Glass Bancorp will no longer be traded, and its branches will operate under the First National Bank of Pennsylvania name.

First National Bank of Pennsylvania has 218 offices serving commercial and consumer customers in 35 counties in Pennsylvania and Northeast Ohio.

England Custom Furniture plans liquidation sale

BOARDMAN — England Custom Furniture Direct, 550 Boardman-Poland Road, will be closing.

The showroom will be closed Wednesday and Thursday to prepare for a liquidation sale Friday.

Arrangements have been made with a local furniture retailer to fulfill all outstanding factory warranties after the store closing.

Vindicator staff and wire reports