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Business Stories for November 2009
Stories for Monday, November 30
$1B ballot proposal unveiled for Third Frontier
COLUMBUS — Gov. Ted Strickland and House Speaker Armond Budish, D-Beachwood, want to put a $1 billion, five-year bond proposal on the May 2010 primary ballot to renew and expand the Third Frontier high-tech program.Not so fast, Senate President Bill Harris, R-Ashland, said on Monday, Nov. 30.Strickland and Budish are ...
Local company's partner wins global security contest
The invention of a local company’s licensing partner recently won a global security contest. Adaptive Imaging Technologies, of Israel, has won the Global Security Challenge 2009’s “most promising security start-up” award, according to Dayton-based STAN Solutions, which is refining a giga-pixel security camera the Israeli firm invented. “It’s a win ...
Area home prices fell in third quarter, feds say
Home prices in Dayton and other Ohio cities fell in the third quarter, according to an index calculated by the Federal Housing Finance Agency.Home prices in the Dayton Metropolitan Statistical Area slipped 1.9 percent in the quarter, versus the same period in 2008, the agency reported. Based on third quarter ...
186 jobs on the line if plant's contract with Navistar not renewed
A Springfield Auto Truck Transport USA Inc. (ATT) site could be endangered if the company’s contract with Navistar is not renewed, ATT recently told the Ohio Department of Job and Family Services.ATT “is issuing this notice for purely precautionary reasons, as the plant closing would only be necessary if ATT’s ...
Former Dayton airport official is new Florida airport boss
LAKELAND, Fla. — A former Dayton International Airport official has been hired as director of the airport that serves Lakeland, Fla.The city of Lakeland has hired Eugene Conrad III as director of Lakeland Linder Regional Airport. He starts in the Florida job on Jan. 18, 2010, at an annual salary ...
Stories for Saturday, November 28
Some deals are too good to be true
Many people will be hunting for the best deals this holiday season, and many will search online for those bargains.Some industry experts predict retailers will make deep price cuts, particularly on electronics, to lure in shoppers. Unfortunately, not all Web sites promising discounts are legitimate, so you need to do ...
Home building boosted by tax credit
Local home builders found some reason for optimism in the October housing permit numbers, with the totals jumping 47.2 percent, said Walt Hibner, executive director of the Home Builders Association of Dayton.According to the association, 156 permits were issued during the month — including permits for 44 apartments in Eaton ...
Loss of transfer option angers ex-GM worker
One casualty of General Motors Corp.’s bankruptcy is former GM-Moraine plant workers’ transfer rights to other GM facilities.GM’s Moraine assembly plant closed in December 2008. The automaker spent less than six weeks last summer in Chapter 11 bankruptcy protection. Former GM-Moraine workers like Ken Harris and others cried “foul” against ...
Delphi pension focus of hearing
As far as Den Black is concerned, having a congressional hearing focused on Delphi Corp. pensions is critical.“It’s about 11 out of 10,” said Black, 62, a Piqua native and chairperson of the Delphi Salaried Retirees Association. “We’ve been months and months building our congressional communication, our congressional education, our ...
Stories for Friday, November 27
Dayton Airport contract winner’s bid called unfair by rival
DAYTON — The company that won a $6.1 million city contract this month to install electronic security equipment at Dayton International Airport was selected despite a competitor’s claims questioning the legitimacy of the winner’s bid.Wagner-Smith Co., also known as Wagner Industrial Electric Inc., should not have been eligible for the ...
InnoMark purchases silk-screen printer firm
InnoMark Communications’ purchase of commercial silk-screen printer ImPak Graphics Inc. was years in the making, an InnoMark owner said earlier this week.InnoMark — a producer of retail visual merchandising materials with operations in Vandalia and Springboro — said the purchase expands its graphic capability by adding silk-screen printing to its ...
DPL 'smart grid' project turned down for federal money
The U.S. Department of Energy has awarded $75 million to a Columbus utility for a project to install and demonstrate “smart grid” technology that could make the electricity distribution system more efficient, help customers reduce their power bills, and speed emergency responses to power failures. The Energy Department turned down ...
Hope peeks through gloomy news on jobs
COLUMBUS — Ohio’s jobless rate may be 10.5 percent but for the first time in a decade there’s a glimmer of hope in the state’s unemployment news, research analyst George Zeller reported on Friday, Nov. 27. During the most recent four-week period, the average number of unemployment claims statewide has ...
Losing firm complains about airport security contract bidding
DAYTON — The company that won a $6.1 million city contract this month to install new electronic security equipment at Dayton International Airport was selected despite a competitor’s claims questioning the legitimacy of the winner’s bid.Wagner-Smith Co., also known as Wagner Industrial Electric Inc., should not have been eligible for ...
Stories for Wednesday, November 25
Job losses drag on retail prospects
DAYTON — A consumer-driven economy beset by sky-high unemployment, scant consumer confidence, high housing debt and higher costs for health care won’t make for many “ho-ho-ho’s” at local stores this holiday shopping season, experts said.Stores on Friday, Nov. 27, will open their doors to bargain hunters on the heels of ...
Behr looks to attract additional work
DAYTON — With passage of a contract covering hourly workers, a spokeswoman for Behr Thermal Products said Wednesday, Nov. 25, that current work will remain in Dayton while the company tries to bring in new work.But the spokeswoman, Indira Sadikovic, cautioned that new work depends on customer needs. Asked if ...
Radar units to be moved to Wright-Patt
WRIGHT-PATTERSON AIR FORCE BASE — It’s a daunting challenge: disassembling three 100-foot-tall towers and the radar units atop them in Rome, N.Y., trucking the components to Wright-Patterson Air Force Base and then reassembling them as part of relocating a sensors research program.“It’s a huge endeavor,” said David Jerome, director of ...
Holiday shoppers may defy spending predictions, economics professor says
With unemployment high and consumers still fretting the economy, the big question for retailers remains: Just how much will people spend on the holidays?Though consumers generally have tightened their belts, Robert Premus, an economics professor at Wright State University, said that if they have been saving up for the holidays, ...
In-store experience still trumps ease of online shopping
Sure, it’s easy to do your holiday shopping online, but if merchants aren’t working to pull shoppers in to stores the day after Thanksgiving, they’re missing out, industry watchers said.“People get excited about all the preparations associated with the holiday season. It puts them in a good mood,” said Sharon ...
1% dip forecasted in holiday retail sales
Not great, but not awful, either. That’s the consensus of retail analysts, who look for holiday retail sales to remain flat or only shrink slightly this year despite high unemployment and economic worries. “This is not going to be a disaster Christmas, first of all,” said Robert Premus, a professor ...
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