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Cleveland-Cliffs sees improvement despite second-quarter losses

Staff report Flat-rolled steel producer Cleveland-Cliffs Inc., which operates a coke facility in Warren, reported a net loss of $134 million and adjusted net loss of $115 million for the second quarter, which ended June 30. In a news release, the company reported revenues of $5.2 billion, a $300 million increase from the prior quarter “The second quarter marked another step in returning to the earnings power this company is capable of and has demonstrated in the past,” said Lourenco Goncalves, Cliffs’ chairman and CEO. The CEO said that despite extended maintenance outages ...

Mazda’s new SUV CX 90 goes upscale

You can have it your way with the new Mazda CX-90, a mid-size SUV that seats seven or eight depending on configuration. Its luxurious appointments will rival German and domestic counterparts while delivering a punch with several engine choices —turbo, hybrid and plug-in variants — to suit your needs and wallet. Trim levels run the gamut from its base Select model in the $40s to a Premium Plus Turbo hovering around $60,000. The four-year-old CX-90 replaced the CX-9 in 2023, a crossover with limited appeal in the luxury segment, featuring a larger cabin and technology advances. ...

Ford recalls more than half a million Broncos due to engine fire risk

WASHINGTON (AP) — Ford Motor Co. is recalling more than half a million Broncos because a wiring harness in the engine compartment can short circuit and increase the risk of fire. Ford said Thursday that 565,691 Ford Broncos and Bronco Raptors, model years 2021-2026, are included in the recall. The automaker estimates that around 1% of those vehicles have the wiring harness defect. Ford said it is not aware of any reports of accidents or injuries related to the issue. The problem is caused by insufficient protection on the wiring harness, which can lead to exposed wires and short ...

Brent oil tops $100 per barrel, as tumbles for Tesla and Alphabet yank Wall Street lower

NEW YORK (AP) — Brent oil shot to its highest price since May after increased fighting in the Middle East on Thursday threatened to slow the global flow of crude. At the same time, sharp drops for two of Wall Street’s most influential companies, Alphabet and Tesla, yanked the U.S. stock market to its worst loss in a month. The S&P 500 fell 1.2% and is on track for its first back-to-back weekly loss since March. The Dow Jones Industrial Average dropped 506 points, or 1%, and the Nasdaq composite sank 2.2%. Stocks fell under the pressure of rising oil prices, which raise costs for ...

Earnings report

Farmers National Banc Corp. Farmers National Banc Corp. on Wednesday reported net income of $23 million, or $0.39 per diluted share, for the second quarter of 2026 compared to $13.9 million, or $0.37 per diluted share, for the second quarter of 2025. Net income in the second quarter of 2026 included $1.7 million of expense related to the March 2 acquisition of Middlefield Banc Corp. (Middlefield) and core conversion costs. Excluding these items (non-GAAP), adjusted net income for the second quarter of 2026 was $24.4 million, or $0.41 per diluted share. “I am extremely pleased ...

Average national gas price hits $4 again, AAA reports

Staff report Gas prices are a penny higher in Northeast Ohio this week at $3.916 per gallon, according to Monday’s AAA East Central’s Gas Price Report. The national average for a gallon of regular gasoline has gone up 13 cents over the past week and is now at $4 per gallon. Instability along the Strait of Hormuz is contributing to the increase at the pump and pushing crude oil prices over $90 per barrel. Earlier this year, the national average remained in the $4 range all of April and May and most of June. Last time the national average was $4 or above was on June 17 when it ...