Oil production up
Carrizo, a Houston-based oil and gas company with holdings in the Mahoning Valley, stated it had record oil production in the third quarter.
Production was up 14 percent over the second quarter and 257 percent over the third quarter of 2011, according to the company’s quarterly report.
Carizzo also reported record oil revenue, which accounted for 80 percent of the company’s total revenue.
Oil revenue was up by 12 percent from the previous quarter and 286 percent more than the third quarter of 2011.
American Suzuki files for bankruptcy
American Suzuki Motor Corp. filed for Chapter 11 bankruptcy protection and said it will cease selling automobiles in the U.S. as part of a plan to restructure its business.
The company, based in Brea, Calif., is the sole distributor of Suzuki Motor Co. vehicles in the continental U.S.
Once it exits bankruptcy protection, American Suzuki Motor said it will focus on selling Suzuki motorcycles, all-terrain vehicles and marine outboard engines.
From staff reports
Selected local stocks
Aqua America, .66, 25.88 .24
Clear Channel, .73 73.23 .14
Cortland Bancorp, 10.25.30
Farmers Nat., .126.30 .04
First Energy, 2.20, 43.20.65
FirstMerit Corp., .64,14.19 .16
First Niles Financial, .32,6.75 —.10
First Place Fin., .031—.01
FNB Corp., .48,11.02.31
General Electric, .68,21.59.18
Motors Liquidation, .0422.00
Huntington Bank, .16, 6.57.20
JP Morgan Chase, 1.20,42.88.61
Key Corp, .20,8.59.13
Macy’s, .80, 41.38.22
Parker Hannifin, 1.64, 80.42.46
RTI Intl. Metals,24.51.52
Simon Prop. Grp.,4.40,155.49.76
Stoneridge 5.07 .11
United Community Fin. 3.82.02
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.