Accounting business

Accounting business

AUSTINTOWN

The Youngstown/Warren Regional Chamber will have a celebratory ribbon-cutting ceremony for Andrea S. Apisa Professional Accounting and Tax Service, 25 N. Canfield-Niles Road Suite 10, at 10 a.m. today.

Austintown resident Andrea S. Apisa has worked in the accounting and tax field for the past three years. Her new business will offer a range of services to both business and individual clients, including bookkeeping, payroll and tax filing. She is an enrolled agent with the IRS and offers personal tax services.

Ribbon-cutting set

CANFIELD

The Youngstown/Warren Regional Chamber will have a celebratory ribbon-cutting ceremony for the new Arby’s Restaurant at 13 Talsman Drive at 10:30 a.m. Thursday.

The original Canfield Arby’s was built in 1983. The locally operated restaurant has been rebuilt at the same site.

The Arby’s Restaurant is open seven days a week from 6 a.m. to 10 p.m.

Home sales plunge

WASHINGTON

Sales of new homes plunged sharply in September to the slowest pace in 10 months, as higher prices and slower overall economic growth weigh on the housing market.

The Commerce Department said Monday that new-home sales slumped 11.5 percent last month to a seasonally adjusted annual rate of 468,000, the lowest level since November of 2014. September’s drop ended a two-month streak of accelerating sales.

FedEx: Holiday shipping to rise 12%

With online shopping growing, FedEx is bracing for record volumes this holiday season.

The delivery company predicted Monday that shipments from Black Friday through Christmas Eve will rise 12.4 percent over last year to 317 million pieces.

The company said that to handle the crush, it is hiring more than 55,000 seasonal workers and investing in automation and expansion.

Rival United Parcel Service Inc. will release its holiday forecast today, said spokesman Steve Gaut. He said that the same trends leading to FedEx’s forecast of more shipping will affect UPS, too.

Bridgestone to buy Pep Boys for $835M

NEW YORK

Tire and auto-service company Bridgestone Corp. is buying auto-parts and repair company Pep Boys for $835 million in a deal that will help Bridgestone gain a more-dominant position.

The offer was for $15 per share in cash, a premium of almost 23.5 percent over Pep Boys’ closing price Friday. The deal is expected to close in the beginning of 2016 and will add 800 locations to Bridgestone’s nationwide network of 2,200 tire and automotive service centers.

The deal comes months after Pep Boys-Manny, Moe & Jack’s president and CEO resigned as the speculation built over whether the company was considering a sale.

Staff/wire reports