Business Stories for August 2009
Stories for Monday, August 24
Old Time Pottery seeks bankruptcy protection
Old Time Pottery Inc. has no plans to close its Dayton-area store or any others in the chain despite its decision seek Chapter 11 bankruptcy protection, the company said Monday, Aug. 24.The Murfreesboro, Tenn.-based retailer filed for bankruptcy reorganization protection on Aug. 21. The local store is located at 651 ...
Composite Technical Services opens at NCC
KETTERING — Composite Technical Services Inc. has established a manufacturing and research and development site at the National Composite Center, CTS announced recently.Focused on the composites and plastics industries, CTS provides composite materials that include bio-resins and flame-retardant additives. The company also offers composite cylinders for storage of gas.“CTS is ...
STAN Solutions gets high-tech camera deal
STAN Solutions and Israel-based Adaptive Imaging Technologies, Inc. have entered into a joint agreement, Montgomery County government said today, Aug. 24.STAN Solutions — a visual and sensing technology provider based on Monument Avenue — has entered into a joint agreement to acquire the exclusive, North American distribution rights for a ...
Stories for Saturday, August 22
Local business relies on online orders to make profits
A box filled with nine pounds of in-shell Cajun roasted peanuts travels from Springfield to Houston every time the space shuttle launches.Wallace Tuthill, a senior technical lead on orbiter fluids and electrical system at NASA’s Houston Space Center, has come to rely on The Peanut Shoppe, 1576 E. Main St., ...
Beware of tree service scammers
Are your trees in need of some attention? Well-maintained trees can increase your home’s value by up to 20 percent and reduce heating and cooling bills.The National Arborist Association reports fall is one of the best times to examine trees’ safety and health.Selecting a tree service should be done carefully. ...
Homes not yet in foreclosure still at risk
While the state and local housing markets have shown some signs of stabilizing, a pair of recent reports indicate that more than 1 million mortgage loans in Ohio remain at risk.According to a report by First American CoreLogic, nearly 862,000 mortgages in Ohio had negative equity, meaning the borrower owes ...
UD researchers test algae’s potential as alternative fuel
DAYTON — Algae could become more than just an unsightly presence on the surfaces of ponds and streams. The tiny plant organisms have the potential to help reduce air and water pollution and serve as an alternative source of fuel.The University of Dayton Research Institute is testing various strains of ...
What role do foundations play in hospital funding?
DAYTON — Foundations help hospitals across the Miami Valley make a wide spectrum of projects possible, with many specializing in certain areas.• The Children’s Medical Center Foundation funds a variety of endowed chairs at the hospital in areas such as cancer and blood disorders and general pediatric surgery. It also ...
Hospital foundations’ assets fall as needs rise
DAYTON — Foundations that benefit local hospitals have keenly felt the recent stock market skid that battered investments and rattled even donors with deep pockets. Meanwhile, the severe recession has undermined fundraising efforts while exacerbating the need for many services that foundations help fund. The foundations, which often pay or ...
Stories for Friday, August 21
'Extreme Makeover' aided by Bellbrook firm's e-mail services
BELLBROOK — The Eastpoint Group recently was tasked with creating a Web site that would unite vendors, contractors, volunteers and the merely curious on Extreme Makeover Home Edition’s rebuilding of a home in Beavercreek earlier this month.The Paragon Road company needed a mass e-mailing tool that would keep some 5,000 ...
Strickland backs Delphi retirees in letter to GM
Ohio Gov. Ted Strickland has written Fritz Henderson, General Motors Corp. president and chief executive, expressing concern over the plight of Delphi salaried retirees and hourly retirees not represented by the United Auto Workers.“My understanding is that many of these retirees face a reduction of up to 70 percent in ...
Southwest Ohio law firm plans merger
Law firms Dinsmore & Shohl LLP — which has an office in Dayton — and Woodward, Hobson & Fulton LLP, which is based in Louisville, said Friday, Aug. 21, they plan to merge.The merger goes into effect Sept. 1, according to a news release.The deal gives Cincinnati-based Dinsmore & Shohl ...
State won’t overturn $4M contract award
MORAINE — The Ohio Department of Administrative Services won’t overturn its decision to award a $4 million-per-year state contract to a North Carolina vendor after a local provider of DNA identity testing services protested that decision. The decision costs the Moraine operations of Princeton, N.J.-based Orchid Cellmark Inc. about 30 ...
Stories for Thursday, August 20
Forum revolves around potential of small, mid-sized companies
DAYTON — No one said growing from blue-collar, legacy industries to firms of the future would be easy. But talking about it can still be enlightening.One theme that quickly emerged from discussions at the Dayton B2B Dynamic Dialogues event Thursday Aug. 20, is that some business leaders of today expect ...
Greenville carbon dioxide injection plan abandoned
GREENVILLE — A proposed $92.8 million carbon sequestration project in Darke County has been abandoned “due to business considerations,” according to the controversial project’s lead partner. The project had drawn growing opposition from the Darke County community in recent weeks, including from local officials and state Reps. Jim Zehringer (R-Fort ...
Greene County cement plant to lay off workers
BATH TWP.— Cemex Inc. will lay off as many as 50 workers from its Linebaugh Road plant, the company told state government recently.In a letter to the Ohio Department of Job and Family Services, the cement producer said the temporary cuts are due to “excess inventory resulting from reduced demand.”Terry ...
Comfort Keepers acquired by global firm
DAYTON — Sodexo has acquired 100 percent of Comfort Keepers, a locally based provider of non medical in-home services, Sodexo said. Jim Booth, president and chief executive of Comfort Keepers, said Sodexo provides large, multi-national heft “with a long-term view on senior care.” “There are no synergies of people,” Booth ...
Better guidance bumps up Bon-Ton shares
YORK, Pa. — The Bon-Ton Stores Inc., parent of Elder-Beerman Stores Corp., said Thursday, Aug. 20, its second-quarter sales fell nearly 10 percent and it posted an operating loss.The company did issue improved earnings guidance for the year and shares enjoyed a boost in morning trading, however.For the quarter ended ...
Cox Media to share resources between newspaper, TV and radio properties
Cox Media Group Inc.’s new business operations model involves bringing together newspaper, radio and television properties and expertise while protecting independent news and editorial functions.But it’s all about serving customers better, said Alex Taylor, newly appointed group vice president for Cox Media Group’s Dayton and Louisville, Ky., markets.“Our No. 1 ...
Stories for Wednesday, August 19
Office supply business, displaced by hospital, ready to re-open
Moonie, a once-stray black Labrador, has a new day job. She will now spend her days as the official mascot of her owner’s new business location. Garrigan’s Office Plus, recently relocated to 14 N. Yellow Springs St., has spent the entirety of its 70 years in business in downtown Springfield. ...
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