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Best still expected for area home sales

July 19, 2008

Trumbull County housing market gave mixed signals in June, but next month could show a 20 percent gain, a real estate broker said Friday. Sales of single-family houses and condominiums fell to 144 from 173 in May, while the average days the homes spent on the market increased to 131 from 118, according to July’s report from the Youngstown Columbiana Association of Realtors Inc. But Yvonne Smith, broker with GMAC Eaton Group, said she expects the influx of new workers at the General Motors Corp. Lordstown Complex, which began in June, to show up in July sales. ‘‘I think you’ll see a big jump — at least 20 percent in both counties,’’ she said. ‘‘People are in hotels and motels looking at homes right now.’’ Prices should gain as well as the backlog of unsold homes is worked down, Smith said, although she added she doesn’t see prices going up by a ‘‘huge amount.

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Sneak Peak

July 19, 2008

A leaked photo of the Chevrolet Cruze, the next car to be built at General Motors Corp. Lordstown Complex, is circulating on the Internet.

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Covelli named among U.S. largest franchisees

July 18, 2008

WARREN — Panera Bread and O’Charley’s franchisee Covelli Enterprises ranked No. 9 in Restaurant Finance Monitor’s Top 200 franchisees list for 2007, the Warren company said Thursday.

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Home Savings parent posts weaker earnings

July 18, 2008

YOUNGSTOWN — Resolving delinquent loans, managing assets and remaining well-capitalized are the focus of the parent of The Home Savings and Loan Co., which reported weaker earnings for its second quarter ended June 30.

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Approved tax exemption to benefit Winner Aviation

July 18, 2008

VIENNA — Becoming more competitive and providing opportunities for job growth are two key advantages of a state tax exemption for general aviation parts and repairs, a local aviation maintenance service company said Thursday.

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11 am: End of American Axle strike helps boost industrial output

July 16, 2008

WASHINGTON (AP) -- Industrial output rose in June at the fastest pace in 11 months.

The strength came from the end to an automotive production strike rather than any underlying boost to the economy.

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