Thursday, February 19, 2015
Swolehedz at Fizek
NILES
The local sportswear company Swolehedz, started to sell performance wear and T-shirts at Fizek Fitness in the Eastwood Mall Complex this month. Swolehedz is a locally owned and operated company that has been online since 2012.
PurYoga’s opening
BOARDMAN
The public is invited to the official grand-opening celebration of PurYoga from 10 a.m. to 2:30 p.m. Saturday. The studio is at 615 Boardman-Canfield Road. The event includes giveaways and special gifts. PurYoga offers a variety of yoga and fitness classes designed to meet individual needs. Classes range from beginner to advanced, and are offered in both hot and nonheated settings. Private sessions also are available. Aerial yoga also will be offered.
After-hours event
SALEM
The chamber ambassadors of the Salem Area Chamber of Commerce are having a “Business After Hours & Infomercial” event at the Salem Golf Club, 1967 S. Lincoln Ave., from 5 to 7 p.m. next Thursday. The event is an opportunity for chamber members to network. Information will be provided on the chamber’s travel program to Asheville, N.C. Complimentary appetizers and cash bar will be available at the event.
Declared dividend
PITTSBURGH
F.N.B. Corp. on Wednesday announced that its board of directors declared a quarterly cash dividend of 12 cents per share on F.N.B. Corp.’s common stock. The dividend is payable March 15 to shareholders of record as of the close of business March 2.
Talmer repurchases
TROY, MICH.
Talmer Bancorp Inc. re-purchased an aggregate of 2,529,416 warrants to purchase shares of its Class A common stock issued to WLR Recovery Fund IV LP and WLR IV Parallel ESC LP or the WL Ross Funds.
The warrants were originally granted to the WL Ross Funds in 2010 and 2012 in connection with Talmer’s private offerings in which it raised capital to support the acquisition of various troubled institutions.
The purchase price, determined using the closing price of Talmer’s stock on Tuesday, is $8.30 per warrant share for the warrants issued by Talmer in 2010; $6.97 per warrant share for the warrants issued by Talmer in February 2012; and $7.10 per warrant share for the warrants issued by Talmer in December 2012, resulting in an aggregate purchase price of $19,892,462.
GM, opponents argue
NEW YORK
A federal bankruptcy judge this week heard arguments from consumers who are suing General Motors, saying their cars dropped in value because of a defect with its ignition switches.
Attorneys for GM and groups of plaintiffs argued before Judge Robert Gerber in the U.S. Bankruptcy Court for the Southern District of New York on Tuesday and Wednesday. He presided over GM’s swift bankruptcy sale in 2009. GM says it is protected by a bankruptcy shield. The plaintiffs’ attorneys say GM shouldn’t get that protection because the company engaged in fraud before and after the sale.
Vindicator staff/wire reports
Selected local stocks
STOCK, DIVIDENDCLOSECHANGE
Aqua America, .61, 26.24 0.53
Avalon Holdings,3.38-0.08
Clear Channel, .46 18.57 -0.1
Cortland Bancorp, 15.620.01
Farmers Nat., .127.97 -0.02
First Energy, 1.44, 36.04-0.89
Fifth/Third, .5219.12-0.35
FirstMerit Corp., .64,17.94 -0.4
First Niles Financial, .32,9.150
FNB Corp., .48,12.89-0.3
General Motors, 1.2037.16-0.09
General Electric, .88,25.240.07
Huntington Bank, .20, 10.63-0.07
JP Morgan Chase, 1.60,59.30-0.8
Key Corp, .26,13.92-0.23
LaFarge, 18.87 0.2
Macy’s, 1.25, 63.49-0.15
Parker Hannifin, 1.92, 122.70-0.5
PNC, 1.92,91.25-1.13
RTI Intl. Metals,28.710.02
Simon Prop. Grp.,5.20,194.311.5
Stoneridge 12.14 0.01
Talmer Bank, 13.67-0.32
United Comm. Fin., .04 5.27-0.02
Selected prices at 4 p.m. Wednesday. Provided by Stifel. Not to be construed as an offer or recommendation to buy or sell any security.