Tuesday, October 21, 2014
Chamber president
YOUNGSTOWN
Atty. John Rossi has joined the Youngstown/Warren Regional Chamber as its foundation president. Rossi will concentrate on support and growth for the foundation, which was formed in 1993 as one of the funding arms of the chamber’s economic development division. Rossi has served as a chamber consultant the past two years and has a private law practice in Cortland.
Simon Roofing makes Top 100 list
BOARDMAN
Simon Roofing was named the 10th-largest roofing contractor in the country by Roofing Contractor magazine, as part of its 2014 Top 100 Roofing Contractors list.
Based in Boardman since 1900, Simon Roofing has 64 service centers located throughout the United States.
Businesses closed for not paying taxes
HAMILTON, OHIO
State officials report Ohio has suspended about 700 businesses since 2013 because owners didn’t pay sales tax.
The Hamilton-Middletown Journal-News reported that the state spends about $700,000 annually for investigators to track down and sometimes close those businesses that don’t pay.
There are currently 1,800 businesses with a recent history of late sales-tax payments in Ohio’s Habitual Offenders Program. Most of those businesses collect at least $25,000 per year in sales tax. Businesses can be suspended if they fail to pay sales tax for at least two-consecutive months.
Get air bags fixed, US agency warns
DETROIT
The U.S. government issued an urgent plea to more than 4.7 million people to get the air bags in their cars fixed, amid concern that a defect in the devices can possibly kill or injure the driver or passengers.
The inflator mechanisms in the air bags can rupture, causing metal fragments to fly out when the bags are deployed in crashes. Safety advocates say at least four people have died from the problem and there have been multiple injuries.
Multiple automakers have recalled vehicles in the U.S. over the past two years to repair air bag inflators made by Takata Corp., a Tokyo-based supplier of seat belts, air bags, steering wheels and other auto parts. In a statement Monday, the National Highway Traffic and Safety Administration warned owners of those cars to act right away.
The agency has been investigating the problem since June, and has cited reports of six inflators rupturing, causing three injuries.
Worldwide, automakers have recalled about 12 million vehicles because of the problem.
The warning covers cars made by Toyota, Honda, Mazda, BMW, Nissan, General Motors and Ford. Passenger or driver air bags or both could have the faulty inflators. Safety advocates say the problem could affect more than 20 million vehicles in the U.S.
Vindicator staff/wire reports
Selected local stocks
STOCK, DIVIDENDCLOSECHANGE
Aqua America, .61, 24.59 0.61
Avalon Holdings,3.49 0.13
Clear Channel,46,20.890.13
Cortland Bancorp, 14.750.1
Farmers Nat., .127.58 0.06
First Energy, 1.44, 34.970.23
Fifth/Third, .5218.360.22
FirstMerit Corp., .64,16.76 —0.07
First Niles Financial, .32,9.250
FNB Corp., .48,11.97—0.04
General Motors, 1.2030.320.08
General Electric, .88,25.010.19
Huntington Bank, .20, 9.140
JP Morgan Chase, 1.60,56.650.45
Key Corp, .26,12.520.16
LaFarge, 16.35 0.06
Macy’s, 1.25, 57.030.82
Parker Hannifin, 1.92, 106.812.39
PNC, 1.92,79.57—0.2
RTI Intl. Metals,22.870.73
Simon Prop. Grp.,5.20,170.101.68
Stoneridge 11.55 0.2
Talmer Bank, 13.15—0.07
United Comm. Fin., .04 4.570
Selected prices at 4 p.m. Monday. Provided by Stifel. Not to be construed as an offer or recommendation to buy or sell any security.