BUSINESS DIGEST ||

Cortland Bancorp reports net income

CORTLAND

Cortland Bancorp, the holding company for Cortland Savings and Banking Co., on Thursday reported net income of $1.2 million, or $0.26 per share, for the second quarter of 2017, compared with $1.2 million, or $0.27 per share, for the second quarter of 2016.

Earnings were $1 million, or $0.23 per share, for the first quarter of 2017. For the first six months that ended June 30, net income was $2.2 million, or $0.49 per share, compared with $2.5 million, or $0.58 per share for the first six months of 2016, according to a company news release.

New U-Haul dealer

WARREN

U-Haul Co. of Massachusetts and Ohio Inc. recently announced that Rocky’s Fast Lane has signed on as a U-Haul neighborhood dealer to serve the Warren community.

Rocky’s Fast Lane at 2650 W. Market St. will offer U-Haul trucks, trailers, towing equipment, support rental items and in-store pickup for boxes.

Hours of operation for U-Haul rentals are 9 a.m. to 10 p.m. every day. After-hours drop-off is available for customer convenience.

Job workshop

YOUNGSTOWN

YWCA, 25 W. Rayen Ave., will host a Job Skills Workshop from Aug. 14 to Aug. 31. The workshop will amount to 12 classes and will include learning about career assessment and exploration, resume writing and interviewing, job stability, maintaining a job and financial literacy.

There will be a monetary incentive for attending and completing all sessions. For information or to register, call Marie at 330-746-6361, ext 110.

US durable goods orders climbed 6.5 percent in June

WASHINGTON

Orders for long-lasting U.S. factory goods posted the biggest gain in nearly three years last month, pulled up by a surge in demand for civilian aircraft.

The Commerce Department said Thursday that orders for durable goods – which are meant to last at least three years – climbed 6.5 percent in June, reversing two straight monthly drops. The June increase was the biggest since July 2014.

Average mortgage rates fall for 2nd straight week

WASHINGTON

Long-term U.S. mortgage rates fell this week for the second week in a row, despite the Federal Reserve’s efforts to lift borrowing costs.

Mortgage buyer Freddie Mac says the rate on 30-year, fixed-rate mortgages slid to 3.92 percent from 3.96 percent the previous week. While historically low, that is still above last year’s average of 3.65 percent.

Staff/wire reports

Selected local stocks

STOCK, DIVIDENDCLOSECHANGE

Alcoa Inc., .1236.32-0.31

Aqua America, .71 33.35-0.08

Avalon Holdings,2.33-0.03

Chemical Bank, .2748.740.44Community Health Sys. 7.22 -1.24

Cortland Bancorp, .2817.900.25

Farmers Nat., .1614.05-0.28

First Energy, 1.44 31.200.11

Fifth/Third, .5226.14-0.04

FirstMerit Corp.,--

First Niles Financial, .1210.500.00

FNB Corp., .4813.780.16

General Motors, 1.5235.940.32

General Electric, .9225.790.20

Huntington Bank, .28 13.12-0.06

iHeartMedia Inc.,1.26-0.03

JP Morgan Chase, 1.9291.55-0.38

Key Corp, .3418.060.03

LaFarge, .34--

Macy’s, 1.51 24.190.65

Parker Hannifin, 2.52 164.08-0.59

PNC, 2.20127.670.31

Simon Prop. Grp., 6.60166.422.65

Stoneridge 15.54-0.07

United Comm. Fin., .12 9.18-0.04

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