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Business News

Ultium recharges Lordstown workforce

Staff report After seven months off the job, approximately 850 Ultium Cell union employees will return to work at the General Motors/South Korean-owned battery cell plant in Lordstown. The company made the announcement Thursday. “Ultium Cells has informed employees that it will begin a ...

Hynes Industries earns supplier award for fourth straight year

Staff report Hynes Industries has been named a Platinum Supplier by Wabash, a recognition the manufacturer of commercial truck-trailers awards each year to a select group of high-performing suppliers. The designation marks the fourth consecutive year and ninth time overall that Hynes has ...

Netflix posts higher Q2 results but shares drop due to forecast

Netflix said Thursday its second-quarter profit grew thanks to new membership signups and price increases, which “had gone well and as expected.” But the company’s shares declined sharply in after-hours trading as the video streaming company’s forecast for the current quarter fell ...

Operations at Schwebel’s to end, according to court filing

The Schwebel Baking Company’s efforts to find a new buyer have failed, and the company will halt operations. The news came out of an hourlong telephone status conference Wednesday morning with U.S. District Judge David A. Ruiz in U.S. District Court, Youngstown. “Extensive discussion ...

US stocks rise within 0.5% of their record, even as oil prices keep climbing

NEW YORK (AP) — U.S. stocks ticked higher Wednesday following strong profit reports from BlackRock and other big companies. The tentative gains came as oil prices swung to their highest levels in a month because of the war with Iran. The S&P 500 rose 0.4% after flipping between modest ...