BUSINESS DIGEST ||


Olive Garden remodeling complete

YOUNGSTOWN

Olive Garden has completed the remodeling of its Boardman and Niles restaurant locations. First built in 1991 and 1993, respectively, the restaurants’ updated designs showcase Olive Garden’s new logo and other new features.

The Boardman Olive Garden is located at 853 Boardman-Poland Road, and the Niles Olive Garden is located at 5740 Youngstown-Warren Road.

FirstEnergy rate plan OK’d

COLUMBUS

FirstEnergy residential customers would have to pay about $3 more a month on their utility bills, under a rider OK’d by state regulators Wednesday.

The Public Utilities Commission of Ohio rejected a larger rider sought by the company, opting instead to allow $132.5 million annually, plus taxes, to be collected from customers over the next three years, with the possibility of a two-year extension. PUCO, in a released statement, said the plan would “provide FirstEnergy with an infusion of capital so that it will be financially healthy enough to make future investments in grid modernization.”

FirstEnergy had sought a different setup, with a $558 million rider collected annually for eight years. FirstEnergy said it was reviewing the decision and considering what to do next.

Faulty parking brakes prompt recall of Civics

DETROIT

Honda Motor Co. is recalling 350,000 Civics in the U.S. because their parking brakes may not function properly.

Civic coupes and sedans from the 2016 model year are affected by the recall. The recall only impacts Civics sold in the U.S.

Honda says the electric parking brake may not work if it’s applied immediately after turning the ignition off. If it can’t be applied, the “brake” warning light will blink in the instrument panel.

If the parking brake isn’t working and the driver doesn’t select the parking gear, the vehicle is at risk of rolling away.

W.Va. business owner accused of bilking investors

WHEELING, W.Va.

The owner of a now-closed business in northern West Virginia has been charged with bilking investors out of millions of dollars through what prosecutors called a Ponzi scheme.

Federal prosecutors said Wednesday that 65-year-old Donna S. Brown of Clarington, Ohio, was charged with wire fraud, mail fraud and money laundering. Prosecutors said Brown owned Budget Finance of New Martinsville.

Thais grieve after king’s death

BANGKOK

Grieving Thais went to work dressed mostly in black this morning, just hours after the palace announced the death of their beloved King Bhumibol Adulyadej. He was 88.

The news had been expected.

Staff/wire reports

Selected local stocks

STOCK, DIVIDENDCLOSECHANGE

Alcoa Inc., .1226.75-0.36

Aqua America, .71 29.770.25

Avalon Holdings,2.87-0.08

Community Health Sys. 10.53 0.07

Cortland Bancorp, .2815.500.00

Farmers Nat., .1621.610.37

First Energy, 1.44 31.560.20

Fifth/Third, .5219.74-0.63

FirstMerit Corp.,21.610.37

First Niles Financial, .1211.000.00

FNB Corp., .4812.18-0.32

General Motors, 1.5231.51-0.17

General Electric, .9228.77-0.13

Huntington Bank, .28 9.72-0.25

iHeartMedia Inc.,1.400.15

JP Morgan Chase, 1.9267.74-0.39

Key Corp, .3412.31-0.39

LaFarge, .3417.570.00

Macy’s, 1.51 36.80-0.74

Parker Hannifin, 2.52 123.42-0.51

PNC, 2.2087.94-1.89

Simon Prop. Grp., 6.60198.79-0.13

Stoneridge 17.71-0.59

Talmer Bank, 23.34-0.36

United Comm. Fin., .12 7.07-0.18

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