Offices in Trumbull, Mahoning counties buy milling machine

Offices in Trumbull, Mahoning counties buy milling machine

WARREN

The Trumbull County and Mahoning County Engineer offices came together in a joint purchase of a Wirtgen Milling Machine.

A demonstration of the machine will take place at 1:30 p.m. Monday along Atlantic Street Northeast between North Park Avenue and Elm Road.

The 2015 Wirtgen (W60Ri) Cold Milling Machine uses state-of-the-art technology to perform the rehabilitation of pavements, milling tie-ins, removing road markings, milling around road fixtures or construction trenches for supply lines and more.

In a continued effort to assist surrounding communities, the newest edition to Trumbull County’s fleet of equipment will be available for use by interested entities.

Bank ordered to pay $34.5M in refunds, penalties

washington

Citizens Bank was ordered to pay $34.5 million in refunds and penalties for shortchanging customers on their full deposits.

Federal regulators said the Providence, R.I.-based bank kept the difference when deposit slips and the actual amount of money transferred didn’t match.

The Consumer Financial Protection Bureau, FDIC and Office of the Comptroller of the Currency ordered Citizens Bank to pay $14 million in refunds to customers and $20.5 million in penalties.

Regulators say Citizens Bank only looked into discrepancies greater than $25 or $50. More than 475,000 business and consumer accounts were affected between January 2008 and November 2013.

Regulators called the bank’s actions unfair and deceptive. The bank operates in 11 states, including Ohio.

Unemployment aid

WASHINGTON

More people sought U.S. unemployment aid last week, but the average for the past month fell to the lowest level in 15 years, a sign that few employers are cutting jobs.

The U.S. Labor Department said Thursday that applications for jobless benefits rose 5,000 to a seasonally adjusted 274,000 last week. Yet the four-week average, a less volatile measure, dropped 1,750 to 266,250, the lowest since April 15, 2000.

The figures indicate that six years after the Great Recession forced 8.5 million layoffs, Americans are enjoying solid job security.

Retail sales rise

WASHINGTON

Retailers enjoyed a healthy boost in July sales, a sign that shoppers are feeling more confident about spending.

Retail sales rose 0.6 percent last month, the U.S. Commerce Department said Thursday. When stripped of the volatile vehicle and parts segment, retail sales swung up a more modest 0.4 percent.

Retail sales for June, previously reported as falling 0.3 percent, were revised upward to be virtually unchanged.

Staff/wire reports

Selected local stocks

STOCK, DIVIDENDCLOSECHANGE

Alcoa Inc. 9.33 -0.18

Aqua America, .61, 26.30 -0.07

Avalon Holdings,2.350.15

Cortland Bancorp, 14.500

Farmers Nat., .128.11 0.11

First Energy, 1.44, 34.46-0.16

Fifth/Third, .5220.840.16

FirstMerit Corp., .64,18.59 0.07

First Niles Financial, .32,8.500

FNB Corp., .48,13.190.1

General Motors, 1.2031.110.24

General Electric, .88,25.79-0.07

Huntington Bank, .20, 11.640.13

Iheart Media 5.60 -0.2

JP Morgan Chase, 1.60,67.590.35

Key Corp, .26,14.600.2

LaFarge, 15.72 -0.11

Macy’s, 1.25, 63.03-1.08

Parker Hannifin, 1.92, 113.390.16

PNC, 1.92,96.450.38

Simon Prop. Grp.,5.20,190.640.17

Stoneridge 12.01 0.17

Talmer Bank, 16.08-0.01

United Comm. Fin., .04 4.990.09

Selected prices at 4 p.m. Thursday. Provided by Stifel. Not to be construed as an offer or recommendation to buy or sell any security.