BUSINESS DIGEST ||

The Simple Greek

BOARDMAN

The Youngstown/Warren Regional Chamber will have a ribbon-cutting ceremony at 1 p.m. Friday for The Simple Greek, 1393 Boardman-Canfield Road.

The Simple Greek is redefining the traditional Greek restaurant. The fast-casual concept that was born on the hit reality-TV program The Profit has opened in Boardman.

Ribbon cutting

WARREN

The Youngstown/Warren Regional Chamber will have a ribbon-cutting ceremony at Drake Manufacturing, 4371 North Leavitt Road, at 10 a.m. today.

Drake Manufacturing was successfully sold in a court-ordered receivership, which allows the new owners to embark on a new beginning, but with the same traditions. On Aug. 8, after a three-month receivership, a U.S. Federal Court Judge issued an order to approve the sale of the assets of Drake Manufacturing Services Co. LLC and its affiliated companies to Drake Manufacturing Acquisition LLC, which is owned by CW North America Inc.

A strategic partnership with Drake and CW Bearing Group, a global bearing manufacturer, will allow Drake to continually serve customers wherever they are located. Founded in 1972 by John Drake, Drake Manufacturing has been a global leader in designing, building and servicing state-of-the-art, precision CNC manufacturing systems.

Grand opening

LIBERTY

The Youngstown/Warren Regional will have a ribbon-cutting ceremony for Project 180, 4350 Sampson Road, at 10 a.m. Thursday.

The Project 180 Esther Home for Women will have grand-opening events through Saturday. An open house will follow the ribbon-cutting ceremony.

The Project 180 Esther Home for Women is not a rehab center, but rather a Christian residential discipleship program, dedicated to seeing the lives of women changed from the inside out, and seeing women freed from their addictions. The mission of Project 180 is to lead the Mahoning Valley to be first in recovery from addiction.

Ford, China venture

BEIJING

Ford Motor Co. and a Chinese automaker said Tuesday they are looking into setting up a joint venture to develop and manufacture electric cars in China.

Ford’s potential venture with Anhui Zotye Automobile Co. adds to the global auto industry’s rising activity in electric vehicles for China, which passed the United States last year as the biggest market for them.

Chinese planners who see electric vehicles as a promising industry and a way to clean up smog-choked cities are pushing automakers to speed up development.

Selected local stocks

STOCK, DIVIDENDCLOSECHANGE

Alcoa Inc., .1239.741.27

Aqua America, .71 33.75 -0.01

Avalon Holdings,1.98-0.11

Chemical Bank, .2745.100.00Community Health Sys.7.29-0.35

Cortland Bancorp, .2817.840.69

Farmers Nat., .1613.40 0.00

First Energy, 1.44 32.90-0.01

Fifth/Third, .5226.620.41

FirstMerit Corp.,— —

First Niles Financial, .1211.150.00

FNB Corp., .4812.900.08

General Motors, 1.5235.280.37

General Electric, .9224.610.12

Huntington Bank, .28 12.700.10

iHeartMedia Inc.,1.53 -0.27

JP Morgan Chase, 1.9291.550.92

Key Corp, .3417.620.21

LaFarge, .34— —

Macy’s, 1.51 20.430.90

Parker Hannifin, 2.52 159.133.98

PNC, 2.20127.440.84

Simon Prop. Grp., 6.60153.25-1.33

Stoneridge 16.06 -0.09

United Comm. Fin., .12 8.840.04

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