CNBC in Valley

CNBC in Valley

YOUNGSTOWN

CNBC was in the Mahoning Valley on Tuesday to learn about the economy here, according to the Youngstown/Warren Regional Chamber.

The media outlet will look specifically at the impact of Vallourec Star at 2669 Martin Luther King Jr. Blvd.

The facility started its production of small-diameter pipe for sales in the U.S. and Canadian markets in October 2012 and created 350 jobs in the Valley.

In June 2013, the company had a dedication ceremony for a new seamless pipe mill. The more than $1 billion facility was built to keep up with the demand for small-diameter pipe used in hydraulic fracturing. Vallourec Star falls under the France-based company Vallourec USA.

Hermitage Handel’s

HERMITAGE, PA.

Handel’s Homemade Ice Cream & Yogurt announced Tuesday it has signed a franchise agreement with local father-son duo James and Marc Yakubovic to open a new location at 550 S. Hermitage Road. The new ice cream shop is under construction and is slated to open in March.

Kohl’s to stay open 100 hours straight

MENOMONEE FALLS, Wis.

Kohl’s Department Stores announced Tuesday it will keep its doors open for more than 100 hours straight from 6 a.m. Dec. 19 through 6 p.m. Christmas Eve.

“Customers can rely on us around the clock for their last-minute gift-giving solutions, and we are providing 24-hour access to Kohl’s stores right up to Christmas Eve,” Michelle Gass, Kohl’s chief customer officer, said in a statement.

Wisconsin-based Kohl’s is a leading specialty department store with 1,163 stores in 49 states.

Job openings rise

WASHINGTON

The number of available U.S. jobs rose in October to the second-highest level in 14 years, and companies kept hiring at a healthy pace, adding to evidence of an improving economy.

Job openings increased 3.2 percent to 4.83 million, the Labor Department said Tuesday. That’s just below August’s total, which was the highest on records dating back to 2000. Total hiring slipped 0.4 percent to 5.1 million after reaching a seven-year high in September. The number of people quitting was mostly unchanged at a six-year high of 2.7 million.

The overall figures paint a picture of a more-dynamic job market, with businesses filling more open jobs and more Americans quitting, typically for better-paying opportunities. More quits and more job postings provide more opportunities for the unemployed to find work.

Fed proposes tougher bank rules

WASHINGTON

Federal regulators are proposing that the eight biggest U.S. banks be required to further increase the amount of capital they set aside to cushion against unexpected losses.

The Federal Reserve’s proposal is aimed at reducing the potential for future taxpayer bailouts of troubled banks.

Vindicator staff/wire reports