Topic of talk to be oil-and-gas industry

Topic of talk to be oil-and-gas industry

CANFIELD

Local attorney Nils Johnson Jr. will speak on the topic of the oil-and-gas industry at a meeting at noon Friday at the Rotary Community Center in Fair Park on Oak Street.

Johnson is the president and publisher of American Pipeline Magazine and president of Ohio-based W.R.P. Energy, Inc.

For more information, call Bill Hendricks at 330-717-2455.

Airport traffic continues to rise

PITTSBURGH

Traffic at Pittsburgh International Airport rose for the 14th-consecutive month in May, according to statistics released by Allegheny County Airport Authority.

Year-to-date traffic increased 5.6 percent, and May’s passenger total was 4.7 percent higher than in April.

Additional flights and increasing aircraft size were two influential growth factors cited by the airport authority, and Delta Airlines has added 33 weekly flights at the airport since last May.

Former GM plants sold in Ohio, Mich.

MORAINE, Ohio

Two former General Motors Co. plant sites in Ohio and one in Michigan have been sold to development firms, a trust created by a U.S. Bankruptcy Court said Wednesday.

The Revitalizing Auto Communities Environmental Response Trust created in March to clean up, redevelop and sell 89 former GM properties in 14 states didn’t release the amounts of the transactions.

A former assembly-plant site in Moraine in southwest Ohio was sold to Downey, Calif.-based Industrial Realty Group (IRG), and a former transmission plant site in Parma in Northeast Ohio was sold to Ohio-based 54 Chevy LLC, the trust said in a statement. A former stamping plant site in Wyoming, Mich., was sold to West Bloomfield, Mich.-based Lormax Stern Development Co.

Allegiant gets OK for Boeing 757-200s

LAS VEGAS

Allegiant Air on Wednesday obtained approval from the Federal Aviation Administration to begin operating Boeing 757-200 aircraft.

The airline also announced it will used the twin-engine plane to fly between Las Vegas and McAllen, Texas and Las Vegas and Rockford, Ill.

Flights to and from the Youngstown-Warren Regional Airport to Las Vegas through Allegiant have been discussed, but no decision has been made.

A call to Dan Dickten, aviation director at the airport, went unreturned.

FDIC can recoup pay from bank execs

WASHINGTON

Federal regulators will be able to take back two years of pay from executives held responsible for a large bank’s failure.

Executives deemed “negligent” and “substantially responsible” for a big bank’s failure can lose all of their compensation from the previous two years under a rule approved Wednesday by the board of the Federal Deposit Insurance Corp.

The rule is part of the financial overhaul that Congress passed last summer.

Staff/wire reports