Sebring Antiques plans open house
Sebring Antiques and Vintage Jewelry, a new retail shop that opened Oct. 5 at 236 N. 15th St., will have an open house Nov. 10 from 9:30 a.m. to 8 p.m.
The shop, which specializes in collectibles, vintage signs, art glass, pottery and vintage jewelry, among other things, will offer discounts on its merchandise and give away door prizes to celebrate its opening.
The business is open from 9:30 a.m. to 5 p.m. Mondays, Thursdays, Fridays and Saturdays and from 1 to 5 p.m. Tuesdays and Wednesdays. The store is closed Sundays.
Burke Decor to open in Boardman
A new specialty retailer, Burke Decor, will open its doors at 1419 Boardman-Canfield Road on Friday.
The retailer began online in 2007 featuring designer home decor, gifts, home improvement and spa products.
Its new location will offer similar products, sourced from niche designers from around the world.
According to a press release about the store’s opening, Burke Decor caters to homeowners, gift givers, event planners, contractors, developers and architects.
The location will offer in-store ordering, free shipping and design services.
US new-home sales: highest in 2.5 years
U.S. sales of new homes jumped last month to the highest level in more than two years, further evidence of a sustained housing recovery that could help lift the lackluster economy.
The Commerce Department said Wednesday that new home sales rose 5.7 percent in September to a seasonally adjusted annual rate of 389,000. That’s up from a rate of 368,000 in August and the highest rate since April 2010, when a federal homebuyer tax credit inflated sales.
Sales have risen 27.1 percent in the past year.
Ex-Goldman exec sentenced to prison
A former Goldman Sachs and Procter & Gamble Co. board member was sentenced to two years in prison Wednesday, culminating a spectacular fall from grace for a man whose good deeds worldwide brought him leniency after he was convicted of feeding inside information about board dealings to a billionaire hedge fund owner who was his friend.
Rajat Gupta, 63, of Westport, Conn., learned his fate from U.S. District Court Judge Jed Rakoff, who defended the length of the prison term he levied, blasting federal sentencing guidelines that he said called for Gupta to serve at least 61/2 years behind bars. He also ordered him to pay a $5 million fine.
The Harvard-educated businessman long respected on Wall Street was one of the biggest catches yet for the federal government in its five-year crackdown on insider trading that has so far resulted in 69 convictions.
Gupta was ordered to report to prison Jan. 8.
Selected local stocks
Aqua America, .66, 24.82 —.05
Clear Channel, .73 71.52 2.29
Cortland Bancorp, 9.60.00
Farmers Nat., .125.95 .05
First Energy, 2.20, 45.42—.11
FirstMerit Corp., .64,14.00 .03
First Niles Financial, .32,6.70.00
First Place Fin., .75–.02
FNB Corp., .48,10.74.03
General Electric, .68,21.26—.02
Motors Liquidation, .0422.00
Huntington Bank, .16, 6.281—.07
JP Morgan Chase, 1.20,41.71.38
Key Corp, .20,8.41—.02
LaFarge, 14.26 .11
Macy’s, .80, 38.88—.58
Parker Hannifin, 1.64, 76.14—.60
RTI Intl. Metals,23.52.13
Simon Prop. Grp.,4.20,151.17.15
Stoneridge 4.99 .09
United Community Fin. 3.84—.01
Selected prices at 4 p.m. Wednesday. Provided by Stifel Nicolaus. Not to be construed as an offer or recommendation to buy or sell any security.