United Community earnings report

United Community earnings report

YOUNGSTOWN

United Community Financial Corp., Home Savings & Loan Co.’s holding company, will announce its second-quarter earnings at the close of business July 21.

The earnings release will be made available at www.ucfconline.com.

Death toll from faulty ignition switches rises

DETROIT

The death toll from faulty ignition switches in General Motors’ small cars has risen by two to 121.

Victims’ families are being offered compensation of at least $1 million each by attorney Kenneth Feinberg, who was hired by GM last year.

Feinberg also will make offers to 251 people who were injured in crashes caused by the switches in the Chevrolet Cobalt, which was built at the Lordstown assembly plant, and other older cars. That total is up by eight from a week ago.

GM recalled 2.6 million of the cars last year but acknowledged it knew about the switch problems for more than a decade.

Feinberg’s compensation fund received 4,342 claims by the Jan. 31 deadline. About 90 percent were deemed deficient or ineligible, and 76 claims are still under review.

GM paid $200 million to settle claims filed with Feinberg as of March 31.

Starbucks to raise prices on drinks

NEW YORK

Starbucks is raising prices again starting today, with the increases ranging from 5 to 20 cents for most affected drinks, the company said.

The Seattle-based company also raised prices nationally about a year ago.

A small and large brewed coffee will each go up by 10 cents in most areas of the country, Starbucks says. That would bring the price of a large coffee to $2.45 in most U.S. stores.

Some other coffee sellers are cutting prices. Last week, The J.M. Smucker Co. said it would cut prices for most of its coffee products because of declines in future prices for unroasted coffee beans. In an emailed statement Monday, Starbucks Corp. said coffee costs are only part of its expenses, which also include rent, labor, marketing and equipment.

The statement said the company continually evaluates pricing to “balance the need to run our business profitably while continuing to provide value to our loyal customers and to attract new customers.”

Growth in service firms rises in June

WASHINGTON

U.S. service firms grew at a slightly faster pace in June, as business activity and new orders increased.

The Institute for Supply Management said Monday that its services index edged up to 56 in June from 55.7 in May. Any reading over 50 indicates that service firms are expanding.

Steady hiring over the past year has fueled a consumer spending rebound from a winter slump. Many economists say the economy will expand at an annual rate of 2.5 percent in the second quarter, after shrinking during the first three months of 2015.

Staff/wire reports

Selected local stocks

STOCK, DIVIDENDCLOSECHANGE

Aqua America, .61, 25.260.2

Avalon Holdings,2.270.02

Clear Channel, .46 20.73-0.52

Cortland Bancorp, 14.000

Farmers Nat., .128.11-0.05

First Energy, 1.44, 33.280.07

Fifth/Third, .5220.980.05

FirstMerit Corp., .64,20.52-0.16

First Niles Financial, .32,9.150

FNB Corp., .48,14.310.02

General Motors, 1.2032.67-0.56

General Electric, .88,26.28-0.5

Huntington Bank, .20, 11.34-0.01

JP Morgan Chase, 1.60,67.22-0.3

Key Corp, .26,15.01-0.07

LaFarge, 16.65-0.2

Macy’s, 1.25, 67.38-0.06

Parker Hannifin, 1.92, 115.17-1.14

PNC, 1.92,96.05-0.42

RTI Intl. Metals,31.11-0.34

Simon Prop. Grp.,5.20,175.540.82

Stoneridge 11.62-0.41

Talmer Bank, 17.030.24

United Comm. Fin., .04 5.29-0.1

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.