Business Digest

REGION

F.N.B. earns $4.8M

HERMITAGE, Pa. — F.N.B. Corp. earned $4.8 million, or 4 cents a share, in the third quarter, compared with $23.5 million, or 27 cents a share, in the same quarter last year. Last quarter’s results were reduced by $7.6 million from costs associated with the sale of preferred stock sold to the U.S. Treasury and charges taken because of the decreased value of some securities, said F.N.B., the parent company of First National Bank of Pennsylvania.

NATION

Indian car company chooses NY for factory

SYRACUSE, N.Y. — An Indian car company has chosen upstate New York for a factory to build a new generation of electric cars for North America, a state official said Thursday.

The Reva Electric Car Co. will work with Bannon Automotive, a new electric-car company in Freeport, N.Y., to assemble a three-door plug-in hatchback, the NXR, at a site in the Syracuse area, according to the official, who spoke to The Associated Press on the condition of anonymity because the announcement hadn’t been made.

The plant is expected to be operating next year, with an initial work force of 100 that will grow to 250 workers over three years.

Associated Press