BUSINESS DIGEST ||

Ribbon cutting

CANFIELD

The Youngstown/Warren Regional Chamber will have a ribbon-cutting ceremony at 8 p.m. today for Zenobia Cuisine & Catering, 584 East Main St.

Zenobia Middle Eastern Cuisine brings a long-craved and fresh addition to the local community: an authentic Middle Eastern restaurant serving lunch and dinner.

Recently, Zenobia expanded its seating capacity and added a full-service bar. To celebrate, the restaurant will have a grand-opening ceremony that features authentic Middle Eastern food, d cor and music. Entertainment for the evening includes belly dancer Ameera and DJ FM playing the best Arabic/English tunes.

Party on the patio

BOARDMAN

The Youngstown/Warren Regional Chamber will have a ribbon-cutting ceremony at 4 p.m. June 7 at Laser Hair Removal Medical Spas of Ohio, 1111 Boardman-Canfield Road.

Laser Hair Removal Medical Spas of Ohio will have a Party on the Patio that will feature wellness vendors, live music by Aaron Sutton and food.

Owner Donna Mukusevich and her team of physicians and independent practitioners will offer mini services, as well as $10 vouchers to those who attend and another $10 voucher for bringing a friend.

Holiday mail delivery

WASHINGTON

The U.S. Postal Service will continue normal retail and delivery operations, including Monday.

The only exception is Tuesday when post offices will suspend retail and delivery operations in observation of Independence Day.

Labor Dept. wants salary to count on overtime rule

WASHINGTON

The Labor Department says it wants salary level to count when it determines who is eligible for overtime pay. But it’s holding off setting the maximum pay a worker can get and still qualify. That’s according to a brief filed Friday in federal court in New Orleans in a case over whether the Obama administration had the right to double the threshold to around $47,000 and make millions more Americans eligible for overtime pay.

Buffett to buy 700 million shares in Bank of America

NEW YORK

Warren Buffett’s Berkshire Hathaway said Friday it will amass a 700-million-share stake in Bank of America, making Buffett the largest shareholder in two of the nation’s largest banks.

Berkshire said that it will convert warrants it purchased in Bank of America back in 2011, when the bank was struggling following the financial crisis, into common shares in the bank. The stake in the bank will make Berkshire the largest shareholder in Bank of America, exceeding mutual-fund giant Vanguard.

Buffett said in his annual shareholder letter that he would convert his warrants in Bank of America to common stock if the bank were ever to raise its annual dividend above 44 cents a share.

Staff/wire reports

Selected local stocks

STOCK, DIVIDENDCLOSECHANGE

Alcoa Inc., .1232.65-0.53

Aqua America, .71 33.24-0.11

Avalon Holdings,2.39-0.02

Chemical Bank, .2748.41-0.10Community Health Sys. 9.96 -0.09

Cortland Bancorp, .2818.000.00

Farmers Nat., .1614.50-0.10

First Energy, 1.44 29.160.34

Fifth/Third, .5225.96-0.11

FirstMerit Corp.,--

First Niles Financial, .1210.000.00

FNB Corp., .4814.15-0.08

General Motors, 1.5234.930.07

General Electric, .9227.01-0.01

Huntington Bank, .28 13.520.14

iHeartMedia Inc.,1.650.15

JP Morgan Chase, 1.9291.420.27

Key Corp, .3418.750.02

LaFarge, .34--

Macy’s, 1.51 23.230.28

Parker Hannifin, 2.52 159.822.77

PNC, 2.20124.78-0.47

Simon Prop. Grp., 6.60161.70-0.88

Stoneridge 15.440.05

United Comm. Fin., .12 8.310.11

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