BUSINESS NEWS DIGEST | Fire closes McDonald’s

Fire closes McDonald’s


A grease fire that broke out Tuesday caused the McDonald’s at 570 5th Ave. to close temporarily.

Gary DiTullio, battalion chief at the Youngstown Fire Department, said grease that had built up in the hood of a fryer caught fire when a technician turned it on after changing a burner.

DiTullio said no one was injured, and the fire was quickly contained.

Cicero Davis, director of environmental health at the Youngstown City Health District, said he inspected the restaurant and cleared it for reopening about 2:30 p.m. Tuesday.

Buildings to get wind power


Two 10-kilowatt wind turbines will provide 30 percent of the electricity used at the Village of Lordstown Administration building, 1455 Salt Springs Road.

A ribbon-cutting ceremony in celebration of the turbines is scheduled at 3:45 p.m. today.

Avalon releases financial results


Avalon Holdings Corp. has released its year-end and fourth-quarter results.

The company reported a net loss of $0.5 million, or $.14 per share, for 2010, compared with a net loss of $0.8 million, or $.20 per share, for 2009.

For the three-month period that ended Dec. 31, 2010, Avalon recorded net income of $0.1 million or $.02 per share. For the same period in 2009, the company recorded a net loss of $0.1 million, or $.03 per share.

During the fourth quarter of 2010, the company’s net operating revenues were $11.3 million, compared with $10.1 million for the fourth quarter of 2009.

For the year, net operating revenues were $43.5 million, compared with $36.9 million in 2009.

The Warren-based company provides waste-management services to customers in the Northeastern and Midwestern United States. It also owns the Avalon Golf and Country Club with locations in Warren, Vienna and Hermitage, Pa.

Job fair planned


Youngstown State University’s Career & Counseling Services is hosting the 2011 Spring Job Expo.

The event is scheduled from 10 a.m. to 2 p.m. April 12 in the Chestnut Room of Kilcawley Center, 1 University Plaza.

Attendees will have the opportunity to interview with representatives from 57 companies. A list of participating companies is available by logging on to the PenguinLink website,

Attendees are asked to dress professionally and bring multiple copies of their r sum s. For more information, call 330-941-3299.

From Vindicator staff reports

Selected local stocks


Aqua America, .62, 22.42 .04

Avalon Holdings,2.88.07

Clear Channel, .76 53.64 .39

Cortland Bancorp, 6.25.05

Farmers Nat., .12, 4.50 0.00

First Energy, 2.20, 36.81.02

FirstMerit Corp., .64,16.74 —.01

First Niles Financial, .32,8.00—.50

First Place Fin., 2.23—.06

FNB Corp., .48,10.34—.05

General Motors,30.74—.54

General Electric, .56,19.49.01

Motors Liquidation, .04.01

Huntington Bank, .04, 6.57—.08

JP Morgan Chase, .20,45.47—.16

Key Corp, .04,8.69—.01

LaFarge, 14.79 —.29

Macy’s, .20, 22.87—.54

Parker Hannifin, 1.28, 90.48.25

PNC, .40,61.43—.87

RTI Intl. Metals,29.26.13

Rural/Metro, 12.38 .13

Simon Prop. Grp.,3.20,104.91—.39

Stoneridge 15.68 .13

United Community Fin. 1.39.01

Selected prices at 4 p.m. Tuesday. Provided by Stifel Nicolaus. Not to be construed as an offer or recommendation to buy or sell any security.

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