V2 to open Monday

V2 to open Monday

YOUNGSTOWN

V2 Wine Bar Trattoria in downtown Youngstown will serve food and drinks for the first time next week.

The restaurant, operated by the owner of Vernon’s Caf in Niles, opens its doors Monday, said Dominic Gatta III, vice president of DSV Builders Inc. and a partner in the Gatta Family Co., which bought the Federal Building in 2009.

V2 Wine Bar Trattoria is at West Federal and Phelps streets.

Hours of operation were not immediately known.

Vernon’s Caf , at 720 Youngstown-Warren Road, Niles, has been open since 1995.

Nasdaq: First Place still noncompliant

WARREN

First Place Financial Corp. received a determination letter Friday from the Nasdaq Listing Qualifications Staff.

The filing showed that First Place still is noncompliant with filing requirements, specifically regarding the delayed filing of the company’s annual report for June 30.

Nasdaq previously granted First Place an extension to file delayed filings from fiscal years 2008 through 2010. That deadline is Nov. 10.

A company spokesman said First Place has made “great progress” during the past several weeks but that the company cannot share any additional information publicly.

People borrowed $9.5B less in August

WASHINGTON

Consumers slashed their borrowing in August by the most in 16 months. The drop suggests many worried about taking on new debt while the economy slumped and the stock market fluctuated wildly.

Fewer people used their credit cards. And a measure of demand for auto and student loans fell.

Total borrowing dropped $9.5 billion in August, the Federal Reserve said Friday. In July, borrowing increased $11.9 billion.

Americans have been struggling all year with high unemployment, meager pay raises and pricier goods and gas. That has depressed consumer spending, which fuels 70 percent of economic growth.

Sony buying rights to Jobs biography

LOS ANGELES

Sony Corp.’s movie studio is in final talks to acquire the movie rights to the highly anticipated authorized biography of Apple Inc. co-founder Steve Jobs by Walter Isaacson.

According to a person familiar with the matter, the studio is negotiating to pay about $1 million for the rights to the project.

The person declined to be identified because the deal has not been finalized.

Sony also was behind the Oscar-winning biopic “The Social Network,” about Facebook founder Mark Zuckerberg, and “This Is It,” a documentary made of concert-rehearsal footage of pop star Michael Jackson.

The news was reported earlier by Hollywood blog Deadline.com.

After Jobs’ death Wednesday, publisher Simon & Schuster pushed up the release date on Isaacson’s “Steve Jobs” by a month to Oct. 24.

Vindicator staff/wire reports