Business

‘Like bombs’: Bankrupt company’s air bags still out there

Takata’s lethally defective air bags proved to be the company’s undoing Monday. But it could take years to get the dangerous devices off the road in the U.S. and around the world. Crushed by lawsuits, fines and recall costs, the Japanese auto parts supplier filed for bankruptcy in Tokyo ...

Columbiana County Property Transfers

Butler Township County Sheriff (Justin Smith, et al) to Wilmington Savings Fund Society, home on Winona Road; $70,000. East Liverpool Cedar Gable Rentals to Charles Burke, home at 417 Gaston Place; $10,000. HCS Bank to Gregg Stowers, home on McKinnon Avenue; $13,000. Penny Farnsworth ...

Student loan servicer fights back as states eye protections

AUGUSTA, Maine (AP) — The nation’s largest servicer of federal student loans has lobbied against states’ efforts to license student loan servicers in Maine and elsewhere this year as it seeks to become the nation’s single servicer of student loans under a plan backed by U.S. Education ...

With tech giants back in charge, stocks hit records again

NEW YORK (AP) — Apple and other big-name technology stocks got back to their winning ways Monday and helped drive U.S. indexes once again to record heights. The Standard & Poor’s 500 index rose 20.31 points, or 0.8 percent, to 2,453.46 and surpassed its old record, set nearly a week ...

Columbiana County Property Transfers

Butler Township Marjorie Stryffeler to Dale and Kathleen Stryffeler, home and 3 acres on Buck Road; $77,824. Ricky and Joanne Ferry to Nathaniel and Courtney Baker, home on Slater Road; $375,000. Center Township Sarah Louise LLC to Kristyana Wichert, home on state Route 164; ...

Nike to slash 1,400 jobs, cut sneaker styles in shakeup

NEW YORK (AP) — Nike wants to be more nimble on its feet. The sneaker maker said Thursday that it plans to focus on the hottest-selling sneakers, slash the number of styles it offers and sell more shoes directly to customers online as part of a restructuring in which it also will cut about ...

Columbiana County Property Transfers

Columbiana Ruth Parry, trustee, to Terence and Martha Pickrell, home on Terra Verde Avenue; $250,000. U.S. Bank Trust to Corey Bowker, home at 366 S. Main St.; $12,500 East Liverpool Gregg Stowers to City Hospital Association, home on Monroe Street; $20,000. Judith Heffner to Jason and ...

Lowe’s to lay off about 125 workers, move jobs to India

MOORESVILLE, N.C. (AP) — Home improvement retailer Lowe’s says it’s laying off approximately 125 information technology workers, the third round of job cuts this year. Chief Information Officer Paul Ramsay said in a memo that the affected workers were notified Wednesday. He said the ...

Consumers increased borrowing by smallest amount since 2011

WASHINGTON (AP) — American consumers increased their borrowing at the slowest pace in April than they have in almost six years. Credit card spending growth slowed, while borrowing gains for school and autos also cooled. The Federal Reserve reports that total consumer borrowing rose $8.2 ...

Ford increasing summer production of SUVs

DETROIT (AP) — Ford Motor Co. will operate its Kentucky SUV plant for an extra week this summer to meet demand for the Ford Escape and Lincoln MKC. Ford’s North American plants normally have a two-week shutdown in July, but the Louisville Assembly Plant will take only one week. It will ...