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FirstMerit posts 61st profitable quarter
Other headlines: Canadian company builds second aluminum plant in region; Wright-Patterson downsizes

Reporter / Host
Jeff St. Clair
  • Canadian company builds second aluminum plant in region
  • Wright-Patterson downsizes
  • Ashland man to be sentenced for forced labor of disable woman
  • FirstMerit posts 61st profitable quarter
    Akron-based FirstMerit posted healthy earnings today for the second quarter.

    It’s the 61st consecutive quarter of profitability for the company. 

    Profits were slightly less than analyst estimates, up 35 cents per share with profits of $59.5 million. 

    This year’s earnings were up compared to last year when FirstMerit acquired Citizens Republic Bancorp of Michigan. 

    Canadian company builds second aluminum plant in region
    A Canadian aluminum manufacturer is building a new plant in northeast Ohio. 

    Ontario-based Matalco is expected to break ground in September on a new $100 million plant in Lordstown that will make aluminum billets from scrap aluminum. 

    The billets can be machined to make parts for industry.

    Matalco’s only other U.S. holding is a plant in Canton.

    The new facility near Youngstown will employ around 60 people. 

    Wright-Patterson downsizes
    Civilian employees at Ohio's largest military base will have until Aug. 1 to notify officials if they plan to retire or leave with incentives ahead of hundreds of layoffs this fall.

    The incentives are meant to encourage employees at Wright-Patterson Air Force Base near Dayton to leave voluntarily before the base eliminates 372 workers in October.

    The Air Force says it will save $1.6 billion by eliminating more than 3,400 jobs throughout the service.

    Ashland man to be sentenced for forced labor of disable woman
    A man convicted of enslaving a mentally disabled woman in northeast Ohio could receive life in prison when he's sentenced today in federal court in Youngstown.

    Jordie Callahan of Ashland was found guilty in March of forced labor and other charges.

    He and his girlfriend Jessica Hunt were accused of forcing a mentally disabled woman to do chores, cook and shop for them by threatening to harm her daughter.

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