BUSINESS DIGEST ||

Ribbon-cutting for Cardinal Credit

AUSTINTOWN

The Youngstown/Warren Regional Chamber will have a ribbon-cutting ceremony for Cardinal Credit Union, 6000 Mahoning Ave., Suite 210, at 1 p.m. Tuesday.

Three Mahoning County-area credit unions recently merged to become part of the Cardinal Credit Union family. Edison Financial Credit Union, Tri-County Credit Union and Youngstown Ohio City Employees Credit Union are now part of the Northeast Ohio-based Cardinal Credit Union, providing members with greater access, value and services.

For information about Cardinal Credit Union, visit www.cardinalcu.com.

Gem Young scholarship

EAST LIVERPOOL

Kent State University at Salem received financial support from Gem Young Insurance and Financial Services that establishes a new scholarship to support students pursuing degrees in the insurance studies program.

The Gem Young Insurance Scholarship requires the recipient to be seeking a bachelor’s degree in insurance studies from Kent State University, maintain a 3.0 grade-point average and be from Columbiana, Mahoning or Trumbull counties.

Gem Young is a family-owned, independent insurance agency that has served the Youngstown area since 1947. It offers auto, home, life and business insurance, as well as financial planning, with offices in Canfield, North Jackson and East Liverpool.

Seeking tree for Christmas display

COLUMBIANA

The Columbiana Area Chamber of Commerce is seeking a tree to be placed on the town square during Christmas in Columbiana.

Anyone who has a stately pine tree to donate for display can contact the chamber office at 330-482-3822 to schedule for the tree to be examined.

The tree must be able to be safely cut and removed from the property.

Facebook apologizes to advertisers for counting error

SAN FRANCISCO

Facebook is apologizing to advertisers for what it calls an error that overstated the average length of time users watched videos on the site.

The measurement didn’t affect how much Facebook charges to run video spots, but analysts say ad agencies may have used the Facebook estimates as a key metric when they plan campaigns and decide how much advertising to place on Facebook or competing sites.

Facebook executive David Fischer said his company recently discovered its method of calculating the average viewing time didn’t include times when people watched a video for less than three seconds. That had the effect of making average times seem longer.

Fischer said Facebook has corrected the error, but analysts say it underscores the need for independent verification of such advertising metrics.

Staff/wire reports

Selected local stocks

STOCK, DIVIDENDCLOSECHANGE

Alcoa Inc., .129.76-0.02

Aqua America, .71 31.53-0.14

Avalon Holdings,2.9325-0.1464

Cortland Bancorp, .2815.610.00Farmers Nat., .1610.82-0.01

First Energy, 1.44 34.49-0.35

Fifth/Third, .5220.920.12

FirstMerit Corp.,21.610.37

First Niles Financial, .1212.000.00

FNB Corp., .4812.220.03

General Motors, 1.5232.12-0.27

General Electric, .9229.89-0.15Huntington Bank, .28 9.900.02iHeartMedia Inc.,1.470.26

JP Morgan Chase, 1.9267.25-0.14Key Corp, .3412.31-0.03

LaFarge, .3417.570.00

Macy’s, 1.51 36.620.36

Parker Hannifin, 2.52 121.93-2.03

PNC, 2.2089.41-0.59

Simon Prop. Grp., 6.60213.490.00

Stoneridge 18.88-0.14

Talmer Bank, 23.34-0.36

United Comm. Fin., .12 7.230.00

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