BUSINESS DIGEST ||

Ribbon cutting

YOUNGSTOWN

The Youngstown/Warren Regional Chamber will have a ribbon-cutting ceremony at 11 a.m. Thursday for Famous Supply, 886 E. Midlothian Blvd. An open house will take place from 11 a.m. to 3 p.m.

Famous Supply, one of the largest regional wholesale distributors of HVAC, plumbing, PVF and building products, has opened its 28th branch location. The newest, 18,000-square-foot branch has a complete inventory for local contractors, features a large, fully stocked self-service counter area and will be a great resource for the HVAC, plumbing, mechanical and commercial contractor.

Home Savings $10,000 donation

YOUNGSTOWN

The Home Savings Charitable Foundation recently donated a check for $10,000 to Compass Family & Community Services. The funds will be used for sponsorship of the American Made Country Music Songwriter Series, a golf outing that took place Friday and the “Wine & Dine” event in September at Stambaugh Auditorium. All of these events help raise money for Compass programs.

1,000 jobs lost

Youngstown

The manufacturing sector lost 1,000 jobs in May, according to the latest employment data from the U.S. Department of Labor Department. May’s figures break a five-month streak of factory job growth.

The U.S. Commerce Department also reported Friday that the goods and services deficit reached $47.6 billion in April, up $2.3 billion. The goods deficit with China reached $32.1 billion.

Pelosi: No debt limit increase to reward rich with tax cuts

WASHINGTON

Top House Democrat Nancy Pelosi says that GOP leaders shouldn’t take for granted that Democrats will vote to increase the government’s borrowing cap.

Pelosi told reporters Friday that she has no “intention of supporting lifting the debt ceiling to enable the Republicans to give another tax break to the wealthy.”

Her remarks came as the Trump administration and congressional Republicans are grappling to develop a strategy for a debt-limit measure. Treasury Secretary Steven Mnuchin is pressing for a debt-limit measure that’s free of other legislation, but other Republicans want to use the measure as an opportunity to advance spending cuts.

Hackers break into OneLogin

NEW YORK

Hackers have gained access to OneLogin, an online password manager that offers a single sign-on to multiple websites and services.

OneLogin said in a blog post that it couldn’t rule out the possibility that hackers got keys to reading encrypted data, such as stored passwords.

Published reports, however, say OneLogin informed customers that the hackers indeed got that capability. OneLogin didn’t immediately respond to a request to comment.

Staff/wire reports

Selected local stocks

STOCK, DIVIDENDCLOSECHANGE

Alcoa Inc., .1232.85-0.09

Aqua America, .71 33.20-0.02

Avalon Holdings,2.720.20

Chemical Bank, .2745.40-0.06Community Health Sys. 8.79 -0.38

Cortland Bancorp, .2818.55-0.45

Farmers Nat., .1614.250.30

First Energy, 1.44 29.440.05

Fifth/Third, .5223.64-0.39

FirstMerit Corp.,--

First Niles Financial, .129.670.00

FNB Corp., .4813.470.04

General Motors, 1.5234.450.02

General Electric, .9227.850.13

Huntington Bank, .28 12.58-0.14

iHeartMedia Inc.,1.85-0.04

JP Morgan Chase, 1.9282.54-0.52

Key Corp, .3417.40-0.26

LaFarge, .34--

Macy’s, 1.51 23.80-0.28

Parker Hannifin, 2.52 160.120.73

PNC, 2.20119.11-1.02

Simon Prop. Grp., 6.60152.60-2.23

Stoneridge 15.860.08

United Comm. Fin., .12 8.230.15

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