BUSINESS DIGEST || Cloud Computing

Cloud Computing

YOUNGSTOWN

The Youngstown Business Incubator, 241 West Federal St., is offering a workshop on Cloud Computing Technology from noon to 2 p.m. Wednesday.

The workshop, free and open to the public with RSVP free lunch provided by the YBI Learning Lab Register, will provide a look at Alaritas and Microsoft and examine cloud, or Internet, solutions. The workshop is primarily for technology-focused business leaders, architects, developers, and entrepreneurs.

John Lurtz, chief executive officer of Alaritas and workshop presenter, will discuss how Alaritas moves web applications and e-commerce solutions to the Internet and how new small businesses can get a free trial of Microsoft Azure with a Microsoft BizSpark account. For more information, contact Rose Shaffer at 330-599-4583.

New bridal shop

SALEM

The Salem Area Chamber of Commerce is having a ribbon cutting for a new downtown business, Elizabeth Renea’s, a bridal shop that opened in December at 240 East State St. The event is Tuesday at 11 a.m.

Merger completed

HERMITAGE, Pa.

F.N.B. Corp. completed its merger with Parkvale Financial Corp. on Jan. 1. Shares of Parkvale Financial will no longer be traded on the NASDAQ stock exchange.

Parkvale Bank branches will continue to operate as normal, as a division of First National Bank of Pennsylvania, with a complete conversion scheduled to be effective Feb. 18.

First National Bank of Pennsylvania now has more than 280 offices serving 45 counties, said Stephen J. Gurgovits, chief executive officer of F.N.B. Corp.

In conjunction with the completion of the transaction, F.N.B. has repaid $31.8 million of Parkvale Financial preferred stock previously issued to the U.S. Department of the Treasury (UST) under the Capital Purchase Program.

Acquired system

SCRANTON, PA.

Community Health Systems Inc., owner of Northside Medical Center in Youngstown, Trumbull Memorial Hospital in Warren and Hillside Rehabilitation Hospital in Howland, has acquired the Moses Taylor Health Care System of northeast Pennsylvania for $152 million.

Community Health Systems, a for-profit company with headquarters near Nashville, Tenn., has promised to make $60 million in capital improvements over five years at the Scranton and Peckville hospitals.

The system includes the 217-bed Moses Taylor Hospital in Scranton and 25-bed Mid-Valley Hospital in Peckville, Pa. The acquisition expands the portfolio of CHS’s affiliated hospitals in Pennsylvania to 16.

Community Health Systems is one of the largest publicly traded hospital companies in the United States. It owns, leases or operates 133 hospitals in 29 states.

Vindicator staff reports

Selected local stocks

STOCK, DIVIDENDCLOSECHANGE

Aqua America, .66, 21.44 —.07

Avalon Holdings,2.9001.05

Clear Channel, .78 61.84 .11

Cortland Bancorp, 6.60.00

Farmers Nat.4.97 .00

First Energy, 2.20, 42.21.15

FirstMerit Corp., .64,15.45 —.44

First Niles Financial, .32,7.98.00

First Place Fin., .80.28

FNB Corp., .48,12.00.00

General Motors,22.94.77

General Electric, .68,18.65.10

Motors Liquidation, .0422.00

Huntington Bank, .16, 5.80.01

JP Morgan Chase, 1.00,35.36—.32

Key Corp, .12,7.98—.02

LaFarge, 8.48 —.17

Macy’s, .40, 34.56.64

Parker Hannifin, 1.48, 77.64—1.30

PNC, 1.40,59.91.10

RTI Intl. Metals,23.35—.21

Simon Prop. Grp.,3.60,126.82—.99

Stoneridge 9.08 .20

United Community Fin. 1.30.01

Selected prices at 4 p.m. Friday. Provided by Stifel Nicolaus. Not to be construed as an offer or recommendation to buy or sell any security.