April home sales released for Valley

April home sales released for Valley

youngstown

Home-sale figures for April were released Wednesday by the Youngstown Columbiana Association of Realtors for Mahoning, Trumbull and Columbiana counties.

There were 130 homes sold in April in Trumbull County. The typical home stayed on the market for 67 days and sold for a median price of $64,050.

Mahoning County had 206 homes sold. They were on the market for 68 days and sold for a median price of $66,500.

In Columbiana County, there were 61 homes sold. The typical number of days on the market was 46 with a median price of $64,325.

F.N.B. announces quarterly dividend

Hermitage, pa.

F.N.B. Corporation announced a quarterly cash dividend of 12 cents per share on the corporation’s common stock. The dividend is payable June 15 to shareholders of record as of the close of business June 4.

The corporation also approved its board of directors to serve a one-year term. They are: William B. Campbell, Vincent J. Delie Jr., Philip E. Gingerich, Robert B. Goldstein, Stephen J. Gurgovits, Dawne S. Hickton, David J. Malone, D. Stephen Martz, Robert J. McCarthy Jr., Harry F. Radcliffe, Arthur J. Rooney II, John W. Rose, Stanton R. Sheetz, William J. Strimbu and Earl K. Wahl, Jr.

Hewlett-Packard to cut 27,000 jobs

san francisco

Hewlett-Packard Co. plans to cut 27,000 jobs as the growing popularity of smartphones, the iPad and other mobile devices makes it tougher for the company to sell personal computers.

The cuts announced Wednesday represent HP’s largest payroll purge in its 73-year history. The reductions will affect about 8 percent of HP’s nearly 350,000 employees by the time the overhaul is completed in October 2014.

The company, which is based in Palo Alto, Calif., expects to save as much as $3.5 billion annually from the job cuts and other austerity measures.

US leaders plead for high-seas treaty

washington

Secretary of State Hillary Rodham Clinton and military leaders implored conservative Republicans on Wednesday to approve a long-spurned high-seas treaty, saying it would create jobs, open a new path to oil, gas and other resources and bolster national security.

Clinton, Defense Secretary Leon Panetta and Army Gen. Martin Dempsey, the chairman of the Joint Chiefs of Staff, made a rare joint appearance before the Senate Foreign Relations Committee to make the case for the U.N. Convention on the Law of the Sea.

The United States is the only major nation that has refused to sign the treaty, which was concluded in 1982 and been in force since 1994.

Clinton and the military leaders said it was now time for the U.S. to grab a seat at the table in international negotiations on navigational rights and seabed mining.

Vindicator staff/wire reports

Selected local stocks

STOCK, DIVIDENDCLOSECHANGE

Aqua America, .66, 22.53 .04

Avalon Holdings,3.38—.41

Clear Channel, .73 65.42 —1.13

Cortland Bancorp, 9.15—.35

Farmers Nat., .126.23 —.04

First Energy, 2.20, 46.76—.94

FirstMerit Corp., .64,16.07 .12

First Niles Financial, .32,8.74.00

First Place Fin., .35 —.03

FNB Corp., .48,10.90.13

General Motors,22.13.63

General Electric, .68,19.18.00

Motors Liquidation, .0422.00

Huntington Bank, .16, 6.35.09

JP Morgan Chase, 1.20,34.26.25

Key Corp, .12,7.58.07

LaFarge, 9.38 —.05

Macy’s, .80, 37.05.58

Parker Hannifin, 1.64, 84.801.19

PNC, 1.60,61.91—.11

RTI Intl. Metals,24.87.40

Simon Prop. Grp.,4.00,147.91.13

Stoneridge 7.47 —.12

United Community Fin. 2.06.04

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.