BUSINESS DIGEST ||


Arby’s donation

BOARDMAN

After being demolished and rebuilt, the first Arby’s location in the Youngstown area reopened with an initiative to give back to the community. As part of the grand-opening celebration, Arby’s donated the purchase price of all Kids Meals sold during the first month to a local elementary school. The restaurant worked with Stadium Drive Elementary School of the Arts and provided the institution with $2,500. The school plans to use the funds for a science presentation from Carnegie Science Center and an investment in new Chromebooks.

Retail sales

WASHINGTON

The National Retail Federation projects the 2017 retail industry sales, which exclude automobiles, gasoline stations and restaurants, will grow between 3.7 and 4.2 percent over 2016. Online and other nonstore/online sales, which are included in the overall number, are expected to increase between 8 percent and 12 percent.

Allegiant Air

LAS VEGAS

Allegiant Travel Co., the only commercial airliner in operation at the Youngstown-Warren Regional Airport in Vienna, reported a 16.8 percent year-over-year increase in the number of passengers it had in January 2017.

Dog food recalled after euthanasia drug detected

WASHINGTON

A pet-food company is recalling several lots of dog food because it may be contaminated with a euthanasia drug.

Evanger’s Dog Food says it’s voluntarily recalling five lots of its Hunk of Beef product that may include pentobarbital “in an abundance of caution.” The food was distributed to retail locations and sold online in 15 states. The company says pentobarbital was discovered in a single lot of the food, but it’s recalling all lots manufactured the same week of June 6, 2016.

Five dogs got sick and one died after consuming the recalled beef.

Illinois-based Evanger’s is blaming one of its suppliers for the pentobarbital and says it is no longer working with them.

Qatar says producers sticking to oil output cuts

DOHA, Qatar

Qatar’s energy minister says OPEC members and oil-producing allies are adhering to previously agreed production cuts aimed at taking supply off the market to push up the price of crude.

Mohammed bin Saleh al-Sada said in Doha on Wednesday that “adherence is excellent” to cuts in oil production agreed on in December 2016. He currently serves as president of the Organization of the Petroleum Exporting Countries

Russia and 10 other nations outside OPEC joined with the 13 members of the bloc in agreeing to reduce the amount of oil on sale by 1.8 million barrels daily in the first six months of this year.

Staff/wire reports

Selected local stocks

STOCK, DIVIDENDCLOSECHANGE

Alcoa Inc., .1237.60-0.38

Aqua America, .71 30.100.16

Avalon Holdings,2.84-0.01

Chemical Bank, .2749.03-0.64Community Health Sys. 6.45 0.22

Cortland Bancorp, .2817.85-0.38

Farmers Nat., .1613.550.05

First Energy, 1.44 30.050.06

Fifth/Third, .5225.89-0.60

FirstMerit Corp.,21.610.37

First Niles Financial, .1210.000.10

FNB Corp., .4814.65-0.13

General Motors, 1.5235.140.04

General Electric, .9229.42-0.15

Huntington Bank, .28 13.40-0.08

iHeartMedia Inc.,1.130.01

JP Morgan Chase, 1.9285.96-0.76

Key Corp, .3417.83-0.26

LaFarge, .3417.570.00

Macy’s, 1.51 31.980.78

Parker Hannifin, 2.52 147.430.12

PNC, 2.20121.44-0.03

Simon Prop. Grp., 6.60180.581.52

Stoneridge 16.510.12

United Comm. Fin., .12 8.60-0.11

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