Save-A-Lot opens
Save-A-Lot opens
YOUNGSTOWN
A new Save-A-Lot store opens today in the space formerly occupied by a Sparkle Market on the North Side.
Save-A-Lot, which already has 10 other Mahoning Valley locations, opens its newest store at the corner of Belmont Avenue and Gypsy Lane.
The new store has about 24,000 square feet of groceries and a few thousand square feet for a beer-and-wine selection. It has a full-service meat department and a full selection of fresh fruits and vegetables.
The store is operated by Horizon Management Inc., owned by Elaine Kawecki, John Kawecki and Henry Nemenz Jr.
A ribbon-cutting ceremony was to take place at 9 a.m.
Boosting production of compact cars
DETROIT
Automakers are gearing up to make more compact cars this year, in a bet that one of the hottest car trends will continue in the face of economic uncertainty.
They’re expecting increased sales as consumers go for lower sticker prices and higher gas mileage to save money.
Two people briefed on the matter say General Motors will add Saturday shifts in September to make more Chevrolet Cruze compacts. The people didn’t want to be identified because workers haven’t been told yet.
Ford, Hyundai and Toyota also are adding Saturday shifts to make more compacts.
Analysts and dealers expect more discounts on compacts as Honda and Toyota restock dealer lots. Both companies ran short of the cars because of the March earthquake in Japan.
Boeing committed to new 737 engine
Boeing Co. said it will move ahead with a new engine for its 737, matching a competing Airbus plane and giving its best-selling jet the fuel- efficiency that airlines crave.
Airlines have been struggling with sharply higher fuel costs, so every improvement in fuel-efficiency helps their bottom lines.
“Our customers have told us that they want efficiency, and they want it soon, and they want it with certainty, and that’s what this airplane will do,” said Jim Albaugh, the Boeing executive vice president who runs its commercial airplane division.
US home prices reverse decline
PHILADELPHIA
Home prices in the second quarter rose 3.6 percent nationally after falling 4.1 percent in the first three months of 2011, according to the Standard & Poor’s Case-Shiller Index released Tuesday.
Still, the national numbers showed prices 5.9 percent lower than in the second quarter of 2010, the final months of the federal home- buyers’ tax credit.
Economists had assumed there would be an uptick in prices in the cities in the index because the three months tracked — April, May and June — normally are peak home-buying months.
They were not disappointed, but they did not appear to believe this to be a sustainable upward trend in prices.
Staff/wire reports