ALOV to meet Friday

ALOV to meet Friday

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The Associated Landowners of the Ohio Valley will have its final meeting at 6 p.m. Friday for Trumbull County residents interested in signing oil and gas leases with the nonprofit landowner advocacy group.

Residents who own 5 or more acres can attend the meeting at Champion High School, 5976 Mahoning Ave. NW. The group has more than 1,100 landowners and 80,000 acres — a statewide record — that it will present to an oil- and gas- drilling company.

For more information, go to www.alov.us or call 330-337-3100.

Chamber gets grant

YOUNGSTOWN

Team Northeast Ohio, a JobsOhio network partner, announced Wednesday a $2 million grant for the Youngstown/Warren Regional Chamber and four other regional economic organizations.

The chamber, Greater Cleveland Partnership, Team Lorain County, Stark Development Board and Greater Akron Chamber will use the funds to begin a regionwide retention and expansion project.

The project will include a shared-services platform and additional staff and contractors to combine statewide assistance with local and regional resources.

The funds come from a $4.1 million grant from The Ohio Third Frontier Commission.

Ford will build trucks in NE Ohio

AVON LAKE

Ford Motor Co. said Tuesday its $128 million investment at a Northeast Ohio plant will protect its nearly 2,000 jobs while shifting medium-duty truck production from Mexico.

The automaker will retool the Ohio Assembly Plant, located west of Cleveland, after ending production of Econoline vans in 2013, said Jim Tetreault, Ford’s vice president of North American manufacturing.

Truck production will be moved from a joint venture with Navistar International Corp. in General Escobedo, Mexico, near Monterrey. Gov. John Kasich said the state’s incentive package valued at $15 million will be recouped within a year with higher tax collections.

Kasich: Sears may not come to Ohio

AVON LAKE

Ohio’s governor is trying not to get hopes up about Sears moving its corporate headquarters to the state.

Multiple media outlets report Gov. John Kasich said Tuesday during at an appearance at a Ford Motor Co. plant near Cleveland that he would bet the retailer won’t leave the Chicago area.

He says he believes Illinois will make Sears Holdings Corp. an offer to keep the company from moving.

Kasich didn’t confirm a report from Illinois officials that Ohio pitched $400 million in incentives to lure Sears.

Sears hasn’t commented about any potential offers.

A person familiar with the negotiations said in early October that Sears Holdings was looking at Columbus and Austin, Texas, as possible new locations.

Vindicator staff/wire reports

Selected local stocks

STOCK, DIVIDENDCLOSECHANGE

Aqua America, .66, 21.80 +0.37

Avalon Holdings,2.770.00

Clear Channel, .65 59.45 +0.42

Cortland Bancorp, 7.000.00

Farmers Nat.4.60 +0.20

First Energy, 2.20, 45.21+0.17

FirstMerit Corp., .64,14.70 +0.21

First Niles Financial, .32,6.700.00

First Place Fin., 0.70+0.19

FNB Corp., .48,11.07+0.15

General Motors,21.94+0.26

General Electric, .60,16.74+0.02

Motors Liquidation, 0.04220.00

Huntington Bank, .16, 5.30+0.04

JP Morgan Chase, 1.00,34.00+0.77

Key Corp, .12,7.41+0.08

LaFarge, 9.36 —0.04

Macy’s, .40, 32.75—0.20

Parker Hannifin, 1.48, 81.90—1.97

PNC, 1.40,55.96+0.99

RTI Intl. Metals,25.65—0.33

Simon Prop. Grp.,3.20,124.30+1.46

Stoneridge 8.43 —0.09

United Community Fin. 1.01—0.01

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.