BUSINESS DIGEST ||

Ribbon-cutting set

BOARDMAN

The Youngstown/Warren Regional Chamber will have a celebratory ribbon-cutting ceremony for Youngstown Express Employment Professionals, 5815 Market St., Suite 1, at 10 a.m. today.

The Youngstown Express Employment Professionals franchise began operations in summer 2016 and serves the Youngstown area with temporary help and direct- hire employees in fields such as administrative, commercial, data processing, technical, sales and marketing.

To celebrate the grand opening, Youngstown Express Employment professionals will host an open house from 9 a.m. to 4 p.m. today.

The office is accepting applications. For information, visit www.expresspros.com or call 330-333-7031.

SERVPRO sends team

WARREN

A local SERVPRO franchise has sent a disaster- response storm team to help with the Hurricane Matthew cleanup in the Carolinas.

The SERVPRO location at 3600 Youngstown Road SE will send another team Thursday. The team will help with water restoration including drying out areas.

Economists win Nobel

Let insiders easily cash in stock options, as Enron did, and you risk seeing executives abandon a failing company. Encourage contractors to sacrifice quality to cut costs, and you might cause problems such as those that led the U.S. Justice Department to phase out privately run prisons.

Designing contracts is a tricky business. For their groundbreaking work on how to make contracts fairer and more effective, Oliver Hart of Harvard University and Bengt Holmstrom of the Massachusetts Institute of Technology won the 2016 Nobel prize for economics Monday. They will share the $930,000 award for their contributions to contract theory.

Missiles fired, land near US destroyer

DUBAI, U.A.E.

Two missiles fired from rebel-held territory in Yemen landed near an American destroyer in the Red Sea, the U.S. Navy said Monday, the second such launch targeting ships in the crucial international waterway recently.

The missile launches Sunday came as a ballistic missile fired from Yemen apparently targeted a Saudi air base near the Muslim holy city of Mecca, the deepest strike yet into the kingdom by Shiite rebels and their allies. The rebels fired another two missiles into the Saudi Jizan region along the border Monday, wounding two foreigners who worked there, the local civil defense said.

Yemen’s Shiite rebels, known as Houthis, and their allies offered no reason for the launches, though they came after a Saudi-led airstrike targeting a funeral in Yemen’s capital killed more than 140 people and wounded 525 Saturday.

Preparing to strike

chicago

Teachers in the nation’s third-largest school district were preparing to go on strike for the second time since 2012, as contract talks between the Chicago Teachers Union and financially troubled Chicago Public Schools headed into Monday evening with no sign of an agreement.

The CTU has directed its roughly 28,000 members to report to picket lines this morning unless they hear otherwise from union negotiators.

Staff/wire reports

Selected local stocks

STOCK, DIVIDENDCLOSECHANGE

Alcoa Inc., .1231.510.14

Aqua America, .71 29.430.32

Avalon Holdings,2.95-0.01

Cortland Bancorp, .2816.00-0.30

Farmers Nat., .1610.760.18

First Energy, 1.44 31.730.41

Fifth/Third, .5220.68-0.01

FirstMerit Corp.,21.610.37

First Niles Financial, .1211.000.00

FNB Corp., .4812.630.11

General Motors, 1.5232.15-0.19

General Electric, .9228.86-0.22

Huntington Bank, .28 10.16-0.01

iHeartMedia Inc.,1.380.01

JP Morgan Chase, 1.9268.640.53

Key Corp, .3412.800.12

LaFarge, .3417.570.00

Macy’s, 1.51 37.54-0.50

Parker Hannifin, 2.52 125.090.43

PNC, 2.2091.690.27

Simon Prop. Grp., 6.60197.500.69

Stoneridge 18.400.27

Talmer Bank, 23.34-0.36

United Comm. Fin., .12 7.270.12

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