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New president for Winner Aviation



Published: Thu, July 3, 2014 @ 12:00 a.m.

New president for Winner Aviation

VIENNA

Winner Aviation Corp. announced Wednesday that Neil Gallagher was appointed to succeed Rick Hale as president effective immediately, according to a press release issued by the company.

Hale will continue to serve as chief executive officer and will take on a new role as chairman.

Winner Aviation operates a full-service fixed-base operation, aircraft maintenance repair and overhaul facility and provides all aircraft storage and movement services at Youngstown-Warren Regional Airport.

Since joining the company in 2012, Gallagher was responsible for the maintenance division and expanding Winner Aviation’s product line of aircraft- maintenance services for both its current and prospective customers as well as developing new products and services.

New barbershop

HUBBARD

A retro-style 1950s-feel barbershop, Rick’s Barber Shop, opened in late May at 120 N. Main St.

The barbershop has a vintage feel with a shaving mugs and brushes, a straight razor and hot towels. The business has a vintage steamer from 1910 for shaves.

Owner Rick Wagner has been in the business for 12 years.

Hours are from 7 a.m. to 5:30 p.m. Monday, Tuesday and Friday, 7 a.m. to 8 p.m. Thursday and 7 a.m. to noon Saturday. Walk-ins are welcome during the week, but appointments are required Saturday. The shop is closed Wednesdays and Sundays.

Senate panel plans 2nd GM hearing

WASHINGTON

A U.S. Senate subcommittee that’s investigating the General Motors ignition-switch recalls says it will have a second hearing July 17.

The Commerce Committee’s Consumer Protection and Product Safety Subcommittee likely will summon GM CEO Mary Barra for a return appearance. Former U.S. Attorney Anton Valukas, who investigated the problem for GM, also is a likely to appear.

A subcommittee spokesman says the witness list hasn’t been finalized.

GM spokesman Greg Martin says Barra looks forward to updating the committee on changes that make the company more safety-centered.

Yellen: Little threat to financial stabilitly

WASHINGTON

Federal Reserve Chair Janet Yellen said Wednesday that she doesn’t see a need for the Fed to start raising interest rates to defuse the risk that extremely low rates could destabilize the financial system.

Yellen said she does see “pockets” of increased risk-taking. But she said those threats could be addressed through greater use of regulatory tools. Many of those tools, such as higher capital standards for banks, were put in place after the 2008 financial crisis, which triggered the Great Recession.

In her remarks at a conference sponsored by the International Monetary Fund, Yellen disputed criticism that the Fed had contributed to the 2008 crisis by keeping rates too low earlier in the decade.

Vindicator staff/wire reports


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