Opening for hhgregg

Opening for hhgregg

BOARDMAN

Hhgregg, 441 Boardman-Poland Road, the consumer-electronics store that announced 50 new hirings in March, will open its doors May 7, Marketing Vice President Jeff Pearson said Wednesday.

Though the official opening and ribbon-cutting ceremony won’t happen until 3 p.m. May 12, the store will have what it calls a “soft open” beginning May 7. Shelves will be stocked, and the store will be fully operational, Pearson said.

The store will be open from 10 a.m. to 9 p.m. Mondays through Saturdays and 11 a.m. to 7 p.m. Sundays, with the exception of May 12, when it will be open from 3 to 10 p.m.

The company is planning special deals for the grand opening that will be announced closer to that date.

Farmers National reports earnings rise

CANFIELD

Farmers National Banc Corp. saw a net income of $1.7 million in 2011’s first quarter, up from $847,000 in the first quarter of 2010, the company reported Wednesday. Total assets, which were $1.01 billion, decreased 2.47 percent.

Sources: Chrysler aims to refinance

detroit

Chrysler plans to announce today that it will start a formal process of discussions with banks to seek the refinancing of $7.5 billion in government loans and that more details will be announced Monday, according to people familiar with the matter.

Chrysler is seeking to refinance $5.8 billion it owes the U.S. Treasury and $1.7 billion it owes the Canadian government.

If Chrysler can refinance and repay those loans, it would clear the way for Fiat to pay $1.27 billion for an additional 16 percent stake in Chrysler, bringing its share to 46 percent.

Vindicator staff/wire reports

Selected local stocks

STOCK, DIVIDENDCLOSECHANGE

Aqua America, .62, 22.35 .26

Avalon Holdings,2.900.00

Clear Channel, .63 59.03 —.15

Cortland Bancorp, 7.000.00

Farmers Nat., .12, 4.65 0.00

First Energy, 2.20, 39.61.23

FirstMerit Corp., .64,17.47.29

First Niles Financial, .32,7.50.0.00

First Place Fin., 1.8196—.02

FNB Corp., .48,10.85.27

General Motors,31.78—.51

General Electric, .56,20.65.55

Motors Liquidation, .04220.00

Huntington Bank, .04, 6.77.12

JP Morgan Chase, 1.00,45.50.39

Key Corp, .04,8.65.11

LaFarge, 17.82 .44

Macy’s, .20, 24.57.08

Parker Hannifin, 1.28, 93.48—5.01

PNC, .40,62.25.24

RTI Intl. Metals,31.19.71

Rural/Metro, 17.09 .03

Simon Prop. Grp.,3.20,113.461.44

Stoneridge 14.62 —.01

United Community Fin. 1.41.26

Selected prices at 4 p.m. Wednesday. Provided by Stifel Nicolaus. Not to be construed as an offer or recommendation to buy or sell any security.