Today is $1 cone day at Handel’s locations
Today is $1 cone day at Handel’s locations
CANFIELD
Handel’s Homemade Ice Cream will celebrate its 70th anniversary with $1 cone day from 11 a.m. to 10 p.m. today at participating locations.
A single scoop in a regular or sugar cone will be offered at $1.
Handel’s corporate office is in Canfield. The ice cream company started in Youngstown with one location and now has nearly 40 in Ohio, Pennsylvania, Florida, Nevada, Indiana, Virginia and California.
Job fairs at Alorica
NILES
Alorica, a provider of customer-management outsourcing solutions, is hosting a series of job fairs at its location on U.S. Route 422 to fill 400 positions to support a communications client.
The job fair will take place from 9 a.m. to 5 p.m. until July 30 at 5185 Youngstown-Warren Road in Niles.
Contact 330-574-0507 or visit www.alorica.com/associates.
Yellen: Fed on track to raise interest rates
WASHINGTON
Federal Reserve Chairwoman Janet Yellen said the Fed is on track to start raising interest rates later this year but expressed multiple concerns over headwinds that still are holding back the U.S. economy.
She described the outlook for the economy and inflation as “highly uncertain,” amid lingering weakness in the labor market and new potential threats overseas.
Yellen, speaking on the economy for the first time since the Fed’s June meeting, saw reasons for encouragement. Consumer spending appears to be picking up, and employment is likely to keep expanding, she said.
“Based on my outlook, I expect that it will be appropriate at some point later this year to take the first step to raise the federal funds rate,” Yellen said, referring to the Fed’s key short-term interest rate, which has been at a record low near zero since December 2008.
But she also outlined a host of concerns, from weak wage growth to a low labor-participation rate to “disappointing” productivity. She reiterated that inflation is still well below the Fed’s 2 percent target. Yellen also noted that cautious business owners “have not substantially increased their capital expenditures.”
Takata: No need for compensation fund
DETROIT
Takata Corp. says a compensation fund for people hurt by exploding air bags isn’t needed at this time.
The Japanese company responded this week to a call from Sen. Richard Blumenthal, D-Conn., to commit to a fund similar to one set up by General Motors Co. for victims of crashes caused by faulty small-car ignition switches.
In a letter dated July 7, Takata Executive Vice President Kevin Kennedy wrote that Takata senior management considered a fund and will continue to evaluate it.
Staff and wire reports