3rd Instant Cash location will open
Instant Cash for Gold and Diamonds, a Niles-based company, will open a new location at 4774 Mahoning Ave. in the Falcon Commons Plaza on Friday. A ribbon-cutting ceremony will take place at noon that day. The new site will be the company’s third opening since 2011.
In addition to buying gold and diamonds, the business sells jewelry at discount prices and operates as a full-service jeweler, doing everything from simple ring sizing to custom manufacturing of fine jewelry.
Inventors to meet
The Youngstown and Warren Inventors Association meets from 7 to 8:30 p.m. Wednesday at Austintown Public Library, 600 S. Raccoon Road. The meeting is free.
The meeting features Stuart Gibbs as its guest speaker. Gibbs is business and investment center librarian at the Public Library of Youngstown and Mahoning County.
He will speak about the resources and information the library has for inventors and entrepreneurs about patents, trademarks, marketing and more.
New Eagle Rental
Eagle Rental Purchase brings its rent-to-own business to Akron. The company plans to open it fifth location at 4121 S. Arlington St. At Eagle Rental Purchase customers can custom-order styles, colors, fabrics and more at no extra cost and delivery charge. The company operates other locations in Boardman, Canton, Cleveland and Calcutta.
Ferro Corp. reports bigger loss in 4Q
Ferro Corp. said last week that its fourth-quarter loss widened, hurt by lower demand for precious metals and solar products. The loss was bigger than Wall Street expected, but the revenue came in ahead of predictions.
For the quarter that ended Dec. 31, the Cleveland-based specialty chemicals maker posted a loss of $63.9 million, or 74 cents per share, compared with a loss of $61 million, or 71 cents per share, in the same quarter last year. Excluding one-time charges, Ferro said its loss totaled 7 cents per share.
Revenue fell 8 percent to $405.9 million from $442.7 million, as precious metals sales dropped 29 percent, pulling down sales at all the company’s businesses.
Ohio 2nd on list to attract new business
Ohio ranked second in the country behind Texas last year for attracting new companies and business expansion, according to the annual list compiled by the business trade magazine Site Selection.
Several Ohio cities were recognized, too. Columbus finished 10th among metropolitan areas with a population of at least 1 million people, and Cincinnati finished eighth. Dayton finished first among metro areas with a population of 200,000 to 1 million, and Akron was eighth.
Vindicator staff/wire reports
Selected local stocks
Aqua America, .70, 29.87 .22
Clear Channel, .33 32.60 .57
Cortland Bancorp, 11.00.00
Farmers Nat., .126.67 .05
First Energy, 2.20, 40.90.14
FirstMerit Corp., .64,15.45 .03
First Niles Financial, .32,7.18.00
First Place Fin., .0042.00
FNB Corp., .48,11.62—.02
General Electric, .76,23.77.09
Motors Liquidation, .0422.00
Huntington Bank, .16, 7.36.02
JP Morgan Chase, 1.20,50.20—.43
Key Corp, .20,9.85—.07
LaFarge, 17.80 .10
Macy’s, .80, 41.67.44
Parker Hannifin, 1.72, 97.93.69
RTI Intl. Metals,32.01.62
Simon Prop. Grp.,4.60,160.00—.08
Stoneridge 7.35 —.04
United Community Fin. 3.58.06
Selected prices at 4 p.m. Friday. Provided by Stifel Nicolaus. Not to be construed as an offer or recommendation to buy or sell any security.