BUSINESS DIGEST ||

New location for Moliterno agency

POLAND

The Youngstown/Warren Reginal Chamber will have a ribbon-cutting ceremony at 10 a.m. Tuesday for Moliterno Insurance, 211 S. Main St.

Moliterno Insurance, celebrating a new location in Poland, brings more than five years of experience to the area, specializing in protecting what you value most. The multiline agency can take care of many needs including home, auto, life, business, farm and financial needs.

Ribbon cutting

HUBBARD

The Youngstown/Warren Regional Chamber will have a celebratory ribbon-cutting ceremony for Gwen Erin Natural Fibers, 44 N. Main St., at 10 a.m. Wednesday.

Products offered include hand-dyed fiber for spinning and felting; handspun yarn; knitting needles, crochet hooks, notions; felting supplies; Schacht weaving looms and spinning wheels; books and patterns. Private lessons, workshops and group crafting events offered.

$245,000 grant

WARREN

U.S. Rep. Tim Ryan of Howland, D-13th, announced a $245,000 grant from the Appalachian Regional Commission to the Tech Belt Energy Innovation Center in Warren.

The grant will be used to match funds provided by Ohio to build out the technical capabilities in TBEIC’s Shared Resources Center.

“The Tech Belt Energy Innovation Center is an engine for economic growth for our community, state, and when considering the innovations they’re helping to usher in, the country as a whole,” Ryan said in a statement.

Ford to invest $350M in Mich. plant

LIVONIA, Mich.

Ford is pumping $350 million into a plant outside of Detroit where a new transmission for fuel-efficient vehicles will be built.

The Dearborn, Mich., automaker said Friday that the investment in the Livonia Transmission Plant is expected to create or keep 800 jobs. Some jobs are expected to be added this year, but most will be filled over the next two years.

Upgrades to the Livonia facility are part of more than $2.25 billion in investments in the state announced this year by Ford Motor Co.

Volkswagen has fix for more cars in cheating scandal

SAN FRANCISCO

U.S. and California regulators approved a fix for more Volkswagen cars caught up in the company’s emissions cheating scandal, giving their owners an option to keep the vehicles instead of having the automaker buy them back, regulators announced Friday.

The modification to bring the vehicles into compliance with U.S. emissions standards applies to about 84,000 Passats with automatic transmission from model years 2012 to 2014, according to Volkswagen. Regulators previously approved a fix for another 67,000 2-liter Volkswagens. More than 550,000 vehicles in the U.S. were implicated in the scandal.

Staff/wire reports

Selected local stocks

STOCK, DIVIDENDCLOSECHANGE

Alcoa Inc., .1232.310.39

Aqua America, .71 31.670.32

Avalon Holdings,2.43-0.02

Chemical Bank, .2745.930.56Community Health Sys. 9.84 0.47

Cortland Bancorp, .2818.500.00

Farmers Nat., .1613.55-0.25

First Energy, 1.44 28.240.08

Fifth/Third, .5224.180.36

FirstMerit Corp.,--

First Niles Financial, .1210.000.00

FNB Corp., .4813.39-0.07

General Motors, 1.5232.730.25

General Electric, .9228.040.56

Huntington Bank, .28 12.570.08

iHeartMedia Inc.,2.180.03

JP Morgan Chase, 1.9284.760.80

Key Corp, .3417.730.05

LaFarge, .34--

Macy’s, 1.51 23.010.25

Parker Hannifin, 2.52 157.244.95

PNC, 2.20118.721.36

Simon Prop. Grp., 6.60158.024.01

Stoneridge 16.290.04

United Comm. Fin., .12 8.00-0.07

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