BUSINESS DIGEST || Shoe Carnival to host shoe party
Shoe Carnival to host shoe party
BOARDMAN
Shoe Carnival, 550 Boardman-Poland Road, is hosting a shoe party from noon to 5 p.m. Sunday. The store will present its expanded assortment of ladies shoes from several brands. Refreshments will be served.
Farmers sponsors coffee giveaway
NILES
Farmers National Bank, an Ohio-based community bank, sponsored giveaways of free coffee Friday morning as part of the bank’s ongoing campaign to promote random acts of kindness in Northeast Ohio.
Dunkin’ Donuts locations in Niles and Canton provided customers a medium cup of Dunkin’s coffee.
Suit filed against Texas Roadhouse managing partner
COLUMBUS
The U.S. Equal Employment Opportunity Commission filed a lawsuit at the U.S. District Court for the Southern District of Ohio Eastern Division against a Texas Roadhouse’s managing partner at the Texas Roadhouse Restaurant in Columbus for reportedly sexually harassing female employees in 2007.
Huntington Bank receives honor
COLUMBUS
The Ohio Housing Finance Agency named Huntington Bank its most valuable player in recognition of the bank’s significant increase in lending within the program from the 2013 to 2014 fiscal year.
Huntington closed $12.1 million in loans with OHFA for low- to moderate-income families. This represents a fivefold increase in production. Additionally, Huntington was awarded OHFA’s grand-slam award for closing the most Grants for Grads loans, which equated to $4.1 million.
US stocks end rocky week with a surge
NEW YORK
Good economic and corporate news helped the stock market stage a rebound at the end of a turbulent week of trading. Nike jumped after turning in higher profits, leading the Dow Jones industrial average higher.
The Standard & Poor’s 500 index, the benchmark for most mutual funds, still lost 1.4 percent for the week. The biggest drop came Thursday, the worst day for the stock market since July 31.
A steep drop one day is often followed by gains the next as investors hunt for beaten-down stocks. “After yesterday, it’s only normal to get a little bit back because people tend to buy on the dips,” said Jason Pride, director of investment strategy at Glenmede Trust.
The Dow surged 167.35 points, or 1 percent, to close at 17,113.15 on Friday. The S&P 500 index rose 16.86 points, or 0.9 percent, to 1,982.85, and the Nasdaq composite climbed 45.45 points, or 1 percent, to 4,512.19.
The day started with good news. The government reported that the U.S. economy expanded at an annual rate of 4.6 percent in the spring, the fastest pace in more than two years. That was followed by a strong reading of consumer sentiment this month.
Vindicator staff/wire reports
Selected local stocks
STOCK, DIVIDENDCLOSECHANGE
Aqua America, .61, 23.61 .18
Avalon Holdings,3.82.02
Clear Channel, .46 21.48 .04
Cortland Bancorp, 13.75.00
Farmers Nat., .127.82 —.12
First Energy, 1.44, 33.96.09
Fifth/Third, .5220.28.11
FirstMerit Corp., .64,17.67 .18
First Niles Financial, .32,9.95.00
FNB Corp., .48,12.12.00
General Motors, 1.2033.17.30
General Electric, .88,25.63.08
Huntington Bank, .20, 9.86.06
JP Morgan Chase, 1.60,60.56.41
Key Corp, .26,13.49.08
LaFarge, 18.00 .17
Macy’s, 1.25, 59.67.86
Parker Hannifin, 1.92, 113.861.02
PNC, 1.92,85.88.42
RTI Intl. Metals,25.26.10
Simon Prop. Grp.,5.20,164.661.95
Stoneridge 12.22 .33
Talmer Bank, 14.05.02
United Comm. Fin., .04 4.72—.03
Selected prices at 4 p.m. Friday. Provided by Stifel. Not to be construed as an offer or recommendation to buy or sell any security.