Business in brief

REGION

GM Lordstown sets deadline for buyout offer

LORDSTOWN — Hourly workers at General Motors’ Lordstown complex have until July 24 to turn in paperwork if they want to accept the company’s latest buyout offer.

Forms that were mailed to workers must be brought into the employment offices at the assembly or fabricating plants from July 13 to July 24. Office hours are 8 a.m. to 4 p.m. After turning in papers, workers have seven days to change their minds.

Retirement incentives start at $20,000, plus a $25,000 vehicle voucher. Buyouts range from $45,000 to $115,000, both with vehicle vouchers.

F.N.B. Corp. names new board chairman

HERMITAGE, Pa. — F.N.B. Corp. said Wednesday that William B. Campbell was named chairman of the board. He succeeds Stephen J. Gurgovits, who recently was named president and chief executive of the bank holding company.

Campbell, a native of West Middlesex, Pa., has been active on the board of F.N.B. since 1975 and the board of First National Bank of Pennsylvania since 1973.

NATION

GM basing future plans on high oil prices, CEO says

DETROIT — General Motors’ CEO Fritz Henderson says the company is planning future strategies around higher oil prices, betting that crude oil could eventually revisit the $100 to $130 per barrel cost.

Henderson, speaking about the future of energy at The National Summit in Detroit on Wednesday, says he thinks volatility in oil and energy prices will be permanent, and that consumers already assume that oil prices will be higher.

He also says vehicle sales in China will likely surpass U.S. sales this year, making it the largest automotive market in the world

From Vindicator staff and wire reports