Mahoning County ranked No. 10 in Ohio in new study


October 28, 2015 at 12:00a.m.

Mahoning County ranked No. 10 in Ohio in new study

YOUNGSTOWN

A recent study by Smart-Asset places Mahoning County at No. 10 in Ohio for places experiencing the most growth in their local economy. Counties were measured by change in the local gross domestic product over a four-year period.

The other counties that placed in the top 10 are: Cuyahoga (1), Franklin (2), Hamilton (3), Summit (4), Montgomery (5), Lucas (6), Stark (7), Butler (8) and Lake (9).

Ribbon-cutting for real-estate agency

WARREN

The Youngstown/Warren Regional Chamber will have a ribbon-cutting ceremony at 3:30 p.m. Thursday for EvenBay Real Estate, 1745 Niles-Cortland Road, Suite 2.

Groundbreaking for school facility

EAST LIVERPOOL

The East Liverpool Community Partnership for Revitalization will have a groundbreaking ceremony at 9 a.m. Friday for a New Castle School of Trades $7.5 million facility.

GM recalling 1.4M vehicles

DETROIT

General Motors issued its third recall in seven years for cars that can leak oil and catch fire, in some instances damaging garages and homes.

The recall, which covers 1.4 million vehicles dating to the 1997 model year, is needed because repairs from the first two recalls didn’t work. More than 1,300 cars caught fire even after they were fixed by dealers, the company said.

A valve cover gasket can degrade over time, allowing oil to seep out. Under hard braking, oil drops can fall onto the exhaust manifold and catch fire. Flames can spread to a plastic spark plug wire channel and the rest of the engine.

GM said it has reports of 19 minor injuries in fires caused by the cars. The company is finalizing a fix for the latest recall and will use state registration databases in an effort to track down the owners and notify them by mail, said spokesman Alan Adler.

Walgreens to buy Rite Aid for $9.41B

NEW YORK

Walgreens confirmed Tuesday that it will buy rival pharmacy chain Rite Aid for about $9.41 billion in cash.

Walgreens says it will pay $9 per share for Camp Hill, Pa.-based Rite Aid Corp. That’s a premium of 48 percent to the closing price of Rite Aid on Monday. The deal is worth $17.2 billion when debt is included, the companies said.

Staff/wire reports

Selected local stocks

STOCK, DIVIDENDCLOSECHANGE

Alcoa Inc., .128.73-0.04

Aqua America, .71 28.560.04

Avalon Holdings,1.80-0.02

Cortland Bancorp, .2414.340.00

Farmers Nat., .128.22-0.12

First Energy, 1.44 31.19-0.10

Fifth/Third, .5218.75-0.20

FirstMerit Corp., .6818.43-0.02

First Niles Financial, .208.520.00FNB Corp., .4813.34-0.14

General Motors, 1.4434.97-0.70

General Electric, .9229.46-0.09

Huntington Bank, .24 10.90-0.07

iHeartMedia Inc.,3.500.00

JP Morgan Chase, 1.7663.64-0.26

Key Corp, .3013.32-0.12LaFarge, .3417.301.00

Macy’s, 1.44 49.050.39

Parker Hannifin, 2.52 101.49-0.30PNC, 2.0489.63-0.69

Simon Prop. Grp., 6.20206.192.82

Stoneridge 11.96-0.76

Talmer Bank, .04 16.60-0.20

United Comm. Fin., .10 5.61-0.07

Selected prices from Tuesday’s 4 p.m. close.