Regional chamber awarded grant
The parent company of Dominion East Ohio awarded the Youngstown/Warren Regional Chamber a $5,000 Community Impact Grant for its work in brokering free access to Siemen’s Project Lifecycle Management software for Youngstown State University.
The software gift, which carried $440 million in retail market value, allows students in the university’s science, technology, engineering and mathematics college to manage projects from the design phase all the way to production.
The chamber is one of 13 community organizations, chosen from a pool of more than 60 in Northeast Ohio, to win part of a $110,000 overall grant.
Announcement at business center
David Goodman, director of the Ohio Development Services Agency, will be at the Youngstown Minority Business Assistance Center at 1 p.m. Tuesday to make an announcement about the Ohio Minority Business Assistance Centers.
Joining Goodman will be Jackie Williams, chief of the Minority Business Development Division, and other guests. More information will follow Tuesday’s announcement.
The Youngstown Minority Business Assistance Center is located at 2123 Belmont Ave.
Dominion Resources Inc. is offering $1.3 million in educational grants to fund energy, environment and workforce-related programs, the utility provider announced this week.
The grants are available for kindergarten through 12th grade, and larger grants are offered in Dominion’s Higher Education Partnership.
Applications must be submitted online by May 1 for new projects in the 2014-15 school year. They can be obtained on Dominion’s website, www.dom.com, by searching “grants.”
Tech stocks drop; Nasdaq sinks
A slump in Internet and other technology stocks pulled the broader market lower Friday, as traders turned on the same companies they flocked to earlier this year. Google, Netflix and other pillars of the Internet economy took a beating.
It was a bad day in an otherwise decent week. The Standard & Poor’s 500 index ended the week slightly higher.
Mixed signals in the government’s monthly jobs report gave investors little direction Friday. The government said that U.S. employers added more workers to their payrolls last month, but the overall report presented a mixed picture, and the unemployment rate remained at 6.7 percent.
The stock market crept higher to start, began losing steam at lunchtime and then turned lower in the afternoon. The jobs report wasn’t the culprit, said Uri Landesman, president of the hedge fund Platinum Management. It was likely the “momentum” traders, he said, people who chased high-flying stocks and are having a change of heart.
Vindicator staff/wire reports
Selected local stocks
Aqua America, .61, 25.23 .05
Clear Channel, .61 21.17 —.07
Cortland Bancorp, 10.75.01
Farmers Nat., .127.55 —.13
First Energy, 2.20, 34.05.22
FirstMerit Corp., .64,21.01 —.34
First Niles Financial, .32,7.03.00
FNB Corp., .48,13.43—.02
General Electric, .76,26.05—.18
Huntington Bank, .20, 10.06—.14
JP Morgan Chase, 1.52,59.89—.77
Key Corp, .22,14.21—.24
LaFarge, 21.67 1.58
Macy’s, 1.00, 59.75—.85
Parker Hannifin, 1.80, 121.96—1.31
RTI Intl. Metals,27.78—.23
Simon Prop. Grp.,4.60,165.511.12
Stoneridge 10.82 —.51
Talmer Bank, 14.11—.35
United Community Fin. 3.95—.06
Selected prices at 4 p.m. Friday. Provided by Stifel. Not to be construed as an offer or recommendation to buy or sell any security.