BUSINESS DIGEST || Edison Landscape and Deck Lighting ribbon cutting set

Ribbon-cutting set

POLAND

The Youngstown/Warren Regional Chamber will have a celebratory ribbon-cutting for Edison Landscape and Deck Lighting, 9883 South Ave., at 10:30 a.m. Friday.

Edward Wojciechowski started the business in 2014 after a 14-year career in the landscape industry. The business specializes in accent lighting for homes and decks.

Studio Oxygen event

POLAND

The Youngstown/Warren Regional Chamber will have a celebratory ribbon-cutting at 3 p.m. Friday for Studio Oxygen, 1714 Boardman-Poland Road, Suite 4.

Studio Oxygen will have a grand opening for its new Poland location Saturday. Free classes will be offered in the morning starting at 8 a.m. with Gentle Yoga.

For information, go to www.studiooxygenyoga.com.

Studio Oxygen is a yoga studio that started in Canfield. It was designed to be a comfortable, friendly space for the community with a diverse array of yoga, spinning and fitness classes every day from morning to evening.

PNC Visa credit card

PITTSBURGH

The new PNC Premier Traveler Visa Signature credit card from PNC Bank, which became available Monday, offers customers 2 miles for every $1 spent on qualifying purchases, no foreign transaction fees, Visa Signature perks, including 24/7 concierge service reservations and ticketing and other travel benefits.

Further details are available via any PNC Bank branch, at 888-762-2265, or online at pnc.com/premiertraveler.

Ford recall

DETROIT

Ford is recalling nearly 202,000 pickup trucks, SUVs and cars in North America because the automatic transmissions can suddenly downshift to first gear.

The company also said Wednesday it’s recalling more than 81,000 Explorer SUVs to fix a rear suspension problem.

The transmission recall covers the 2011 and 2012 F-150 and the 2012 Expedition, Mustang and Lincoln Navigator. Ford says a software problem in a speed sensor can force the vehicles into a downshift. The problem has caused three crashes but no injuries.

GM investment

SPRING HILL, TENN.

General Motors will invest $788.7 million for an all-new, high-efficiency engine program, as well as projects to modernize the vehicle programs at its Spring Hill Manufacturing Plant, creating 792 and retaining 16 jobs. At the same time, GM announced a $118 million investment at its Bay City, Mich., Powertrain facility, creating 29 and retaining 67 jobs.

Key rate unchanged

WASHINGTON

The Federal Reserve kept a key interest rate unchanged Wednesday against the backdrop of a slowdown in U.S. and global growth and provided no hint of when its next rate hike may occur.

In a statement after its latest policy meeting, the Fed noted that the United States is enjoying solid job gains but also that “economic activity appears to have slowed.”

Staff/wire reports