SBA session on veterans programs

SBA session on veterans programs

kirtland

The U.S. Small Business Administration will have its Veterans’ Business Breakfast at Holden University Center of Lakeland Community College, 4242 St., from 8 a.m. to noon Wednesday. The free event will provide information about special financial programs, contracting opportunities and government set-aside programs just for veteran-owned businesses.

Ignition-switch fund adds 3 more injuries

DETROIT

General Motors’ faulty ignition switches were responsible for at least 124 deaths and 269 injuries, according to a fund set up to compensate victims.

The fund, administered by Atty. Kenneth Feinberg, updated the totals Monday. The death toll didn’t grow from the previous week, but there were three additional injuries.

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, 84 percent – or 3,664 – were deemed ineligible. Feinberg is waiting for additional documentation for 285 claims.

Fund spokeswoman Camille Biros says 319 compensation offers have been made so far, and 227 have been accepted. Six 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.

RTI invests in Norsk Titanium

NEW YORK

RTI International Metals Inc., a global supplier of titanium and specialty metal products and services, has become a strategic investor and minority partner with Norsk Titanium AS, a Norway-based leader in manufacturing premium quality titanium components for industrial applications. RTI made an investment of an undisclosed amount for strategic cooperation projects surrounding NTi’s game-changing 3-D printing technology used in the company’s patented process for the manufacture of premium-quality titanium components. Additionally, RTI International Inc. shareholders will take a vote today on the future $1.5 billion merger with Alcoa, a leading metals company. RTI has a location in Niles.

Gas prices drop slightly in Ohio

COLUMBUS

Gas prices for motorists in Ohio start the week a bit lower than they have in recent weeks.

The average for a gallon of regular gas in the state was about $2.63 in Monday’s survey from auto club AAA, the Oil Price Information Service and WEX Inc. That’s down 12 cents compared with last week and compared with a month ago.

The national average was $2.76 on Monday, a penny cheaper than a week earlier.

Gas prices have remained well below the average from a year ago, when a gallon cost about $3.50. Analysts have predicted prices will continue to drop as summer gives way to fall.

Staff/wire reports