Farmers declares cash dividend for 3Q

Farmers declares cash dividend for 3Q

CANFIELD

The board of directors of the Farmers National Banc Corp. declared a cash dividend of $0.06 per share.

The dividend will have a record date of Sept. 8 and is payable to shareholders Sept. 29. The third-quarter dividend payment is a 50 percent increase over the third-quarter dividend payment in 2016.

New-car sales forecast is updated

LORDSTOWN

Kelley Blue Book released an updated new-car sales forecast as a result of Hurricane Harvey.

The forecast suggests General Motors will sell 267,000 new vehicles – 17.8 percent of the market share – this August as compared to 256,429 –17 percent of the market share – last year. This represents a 4.1 percent year-over-year growth rate.

First Energy donates to Harvey victims

AKRON

The First Energy Foundation, funded by First Energy Corp., will donate $25,000 to the American Red Cross for Hurricane Harvey relief, and is matching employee donations to the effort.

People interested in supporting the American Red Cross’ Hurricane Harvey relief efforts can visit www.redcross.org for more information.

AT&T gives $350K

YOUNGSTOWN

AT&T will donate $350,000 to help communities struggling in the wake of Hurricane Harvey.

Alongside its donation, the company will also match employee donations to its AT&T Employee Disaster Relief Fund, which is used to support AT&T employees living in areas affected by the storm.

Lilly lays out faster time frame for FDA drug resubmission

INDIANAPOLIS

Lilly says it will resubmit its potential rheumatoid arthritis treatment to regulators several months faster than expected.

The drugmaker said Wednesday that it will give baricitinib back to the Food and Drug Administration for review by the end of January, and the agency will not require a new clinical study.

Lilly had said in late July that the resubmission could take at least 18 months, and regulators indicated they wanted new research. The Indianapolis drugmaker came up with a new time frame after recent talks with the federal agency.

Hyundai resumes production in China

SEOUL, South Korea

Hyundai Motor Co. said it resumed production at factories in China on Wednesday after a shutdown that stemmed from a dispute between Beijing and Seoul over a U.S. missile defense system.

The shutdown, started last week when Hyundai did not pay a parts supplier that refused to provide fuel tanks in response, was the latest in series of challenges that have beset South Korea’s largest automaker in the key market, since a diplomatic row erupted in spring over South Korea’s decision to deploy a U.S. missile- defense system.

Staff/wire reports