Power Luncheon

Power Luncheon

The Youngstown/Warren Regional Chamber’s Power Luncheon will take place at 11:30 a.m. next Tuesday at Vernon’s Cafe in Niles and at 11:30 a.m. Aug. 20 at Carrabba’s Italian Grill at 1320 Boardman-Poland Road in Poland.

To register for either date, contact Amy Young at 330-744-2131, ext. 12, or by email at Amy@RegionalChamber.com.

Ohio gas prices fall

COLUMBUS

Gas prices in Ohio are tumbling further toward the $2 mark.

The state’s average for a gallon of regular gas was about $2.31 in Monday’s survey from auto club AAA, the Oil Price Information Service and WEX Inc. That’s a decrease of 15 cents compared with a week ago. It’s down $1.17 from this time last year.

The national average on Monday was $2.65, down six cents from a week ago.

Ryan supports plan

COLUMBUS

The U.S. Environmental Protection Agency released its final Clean Power Plan, which will cut carbon pollution from power plants by more than 30 percent nationwide in part through increasing renewable energy and energy efficiency.

U.S. Rep. Tim Ryan of Howland, D-13th, said the Clean Power Plan “is an opportunity to strengthen our communities and economy by investing in clean energy technologies and increasing our efficiency.”

WP Glimcher posts 2Q earnings

WP Glimcher, the Columbus-based retail real-estate company that owns Southern Park mall in Boardman, posted its second-quarter earnings Monday. Funds from operations were $95.2 million or $0.43 per diluted share compared with $41.3 million or $0.22 per diluted share.

Net income was $3.9 million, or $0.02 per diluted share, compared to net income of $69.8 million, or $0.45 per diluted share, during the same quarter a year ago.

WP Glimcher owns and manages 121 shopping centers totaling more than 68 million square feet.

GM ignition-switch deaths total 124

DETROIT

General Motors’ faulty ignition switches were responsible for at least 124 deaths and 274 injuries, according to a fund set up to compensate victims.

The fund, administered by attorney Kenneth Feinberg, updated the totals Monday.

Victims’ families are being offered compensation of at least $1 million each.

The fund has finished processing the 4,342 claims it received by the Jan. 31 deadline. Of those, 91 percent – or 3,938 – were deemed ineligible. Feinberg is waiting for additional documentation for six claims.

Fund spokeswoman Camille Biros says 385 compensation offers have been made so far and 275 have been accepted. Five have been rejected.

GM recalled 2.6 million Chevrolet Cobalts and other small cars last year but acknowledged it knew about the ignition switch problems for more than a decade.

Staff/wire reports