Group gets grant
Group gets grant
YOUNGSTOWN
The Youngstown Foundation on Tuesday awarded a $2,806 grant to Leadership Mahoning Valley to update marketing materials for its adult and youth programs.
The funds will be used to create promotional folders and customized brochures for each program.
Leadership Mahoning Valley, in its 28th year, identifies, educates and motivates leaders in the Mahoning Valley through a 10-month program.
The Youngstown Foundation has been awarding grants to worthwhile causes for more than 90 years.
FirstEnergy signups
AKRON
FirstEnergy Solutions announced Tuesday it is giving West Penn Power residential customers an extra month to sign up for its fixed-price offer.
Customers in Ohio and western Pennsylvania have until Aug. 1 to enroll in FirstEnergy’s offer of 6.60 cents per kilowatt-hour, which is 8 percent less expensive than its current average generation rate of 7.21 cents per kilowatt-hour.
The previous cutoff date was June 30.
Oil prices climb
new york
Oil climbed more than 2 percent Tuesday ahead of a vote in Greece to approve tough new financial reforms that would shore up its beleaguered economy.
Benchmark West Texas Intermediate gained $2.28, or 2.5 percent, to settle at $92.89 per barrel Tuesday on the New York Mercantile Exchange. In London, Brent crude added $2.79, or 2.6 percent, to settle at $108.78 per barrel on the ICE Futures Exchange.
MasterCard website suffers an outage
san francisco
MasterCard’s website was knocked offline Tuesday in an outage the credit-card brand described as unrelated to recent hacking attacks.
While some hackers celebrated online, MasterCard Inc. said that the disruption was not the result of the type of “denial-of-service” attacks that forced MasterCard’s site offline in December after it blocked payments to WikiLeaks, the secret-sharing site that outraged the U.S. government by publishing secret diplomatic cables. A hacking group called Anonymous launched attacks against MasterCard, Visa and others in protest.
MasterCard says the latest outage was caused by a problem at MasterCard’s Internet provider. It insisted the outage was not caused by hacking.
Campbell to cut jobs
trenton, n.j.
The Campbell Soup Co. said Tuesday that it would eliminate 770 jobs around the world and shut down its fledgling soup-selling operation in Russia as part of a restructuring plan announced just before a new CEO takes charge of the company.
The cuts and other changes offer hints at which way Denise Morrison may steer the company when she takes over as CEO and president from Douglas Conant on Aug. 1.
The job cuts represent about 4 percent of the company’s worldwide work force of 18,400.
Staff/wire reports
Selected local stocks
STOCK, DIVIDENDCLOSECHANGE
Aqua America, .62, 21.71 .25
Avalon Holdings,2.77.05
Clear Channel, .63 57.29 —.53
Cortland Bancorp, 7.00.20
Farmers Nat., .12, 4.80 .00
First Energy, 2.20, 43.48.23
FirstMerit Corp., .64,16.36 .10
First Niles Financial, .32,7.17.00
First Place Fin., 1.21.06
FNB Corp., .48,10.31—.04
General Motors,30.50.24
General Electric, .60,18.44.16
Motors Liquidation, .0422.00
Huntington Bank, .04, 6.39.07
JP Morgan Chase, 1.00,39.54—.34
Key Corp, .12,8.10.02
LaFarge, 14.66 .20
Macy’s, .40, 28.73.58
Parker Hannifin, 1.48, 86.891.16
PNC, 1.40,57.91.06
RTI Intl. Metals,36.371.44
Rural/Metro, 17.24 .00
Simon Prop. Grp.,3.20,114.04.28
Stoneridge 14.24 .50
United Community Fin. 1.17.03
Selected prices at 4 p.m. Tuesday. Provided by Stifel Nicolaus. Not to be construed as an offer or recommendation to buy or sell any security.