Business Stories for January 2010
Stories for Sunday, January 31
More retail spaces went dark in 2009, study says
DAYTON — More retail space is sitting empty in the Dayton region than a year ago, according to a new study.Retail vacancies reached 16.33 percent, compared with 14.09 percent a year ago, according to a study released last week by the Gem Real Estate Group. Regionally, 554,153 square feet of ...
Business Editor: Law firm to open office in Cincy
It’s nice to know that there are businesses that still take risks despite the recession.It’s a calculated risk — extremely calculated — but this week, Faruki, Ireland & Cox announced it will open an office in downtown Cincinnati. The law firm, which started in 1989, has 30 attorneys now.Charlie Faruki, ...
Stories for Saturday, January 30
Potential users voice enthusiasm for rail service
DAYTON — Steve Varner is a senior software engineer with a local software developer that works with public agencies in Cleveland, Columbus and Cincinnati.Passenger rail service to those cities scheduled to kick-off in 2012 would be a great alternative, he said. With car travel reimbursement set at 55-cents per mile, ...
Stories for Friday, January 29
4Q growth raises optimism for modest gains in 2010
The final few months of 2009 were good ones for automobile dealer Joe Hidy, at least compared to the end of 2008.Ford sales at his Beavercreek dealership grew 65 percent to 130 autos compared to the fourth quarter of 2008, Hidy said Friday, Jan. 29. His Honda sales grew, too, ...
Manufacturer wins recognition from Cessna
DAYTON — Richard Halderman, president of Integrity Manufacturing Corp., is a member of the Northridge Optimists Club.For now, at least. He hasn’t been feeling too optimistic in recent memory.“I’ve been concerned that they’re going to kick me out,” Halderman said with a wry half-grin.They are a few changes Halderman — ...
Honda recalls nearly 650K cars
Honda Motor Co. is recalling 646,000 units of its Fit/Jazz and City automobile models, including 140,000 in the United States, the company said Friday Jan. 29. The models weren’t assembled in Ohio, said Ron Lietzke, a spokesman for Honda of America Manufacturing. “They’re not produced here in North America,” Lietzke ...
Air fares fall 14 percent in 2009 from 2008, report says
Average domestic air fares in the third quarter of 2009 fell to their lowest July-to-September level since 2005, the U.S. Department of Transportation’s Bureau of Transportation Statistics reported.The fares fell by 14 percent from the third quarter of 2008 in the largest year-to-year decline on record, the bureau reported. Airlines ...
Region gets $250,000 to start aerospace hub
DAYTON — The task at hand: hire a director to capitalize on the Dayton region’s state designation as an aerospace hub of innovation and opportunity. Ohio Gov. Ted Strickland visited the University of Dayton’s Innovation Center on Friday, Jan. 29, to announce a $250,000 award for the region to jump ...
Government rejects challenge to NASIC support contract award
Congressional auditors have upheld a contract award to AT&T Services Inc., of Fairborn, to provide support services for the National Air and Space Intelligence Center at Wright-Patterson Air Force Base.The U.S. Government Accountability Office rejected a protest by a competitor for the contract, Ball Aerospace & Technologies Corp., of Broomfield, ...
PEQ merging with Texas company
MIAMISBURG — PEQ Services + Solutions Inc. has been acquired by Irving, Texas-based Buchanan Technologies for an undisclosed sum, officials with the Miamisburg-based company said on Friday, Jan. 29. The acquisition closed Jan. 1. Both organizations have kept their names, leadership and primary location, with Jason Evans remaining PEQ’s president ...
Stories for Thursday, January 28
UAV builders set sights on civilian market
DAYTON — Business partners Donald Smith and John McNees are producing small, unmanned aerial vehicles on a custom-order basis, in what looks something like a model airplane shop.That’s no coincidence. Making UAVs of 100 pounds or less — some as light as 3 to 4 pounds and launchable by hand ...
Dynamic Dialogues event focuses on preparing businesses for 2010 and beyond
DAYTON — How should your business position itself for growth in 2010 and beyond?• By embracing social media.• By monitoring government moves into health care and other areas.• By weighing your real estate options and limits.Those were some of the perspectives from participants in the Dayton B2B “Dynamic Dialogues” event ...
Former GM, Chrysler dealerships scramble to change brands
The economic slump and the 2009 bankruptcies of General Motors and Chrysler have prompted dramatic changes in the auto sales business that are still playing out.The American Arbitration Association said that 1,574 dealers nationally, including at least 114 in Ohio, had contacted the organization by a deadline of Monday, Jan. ...
NewPage to discuss 4Q, full-year results
NewPage Corp. will release fourth quarter 2009 and year-end financial results Feb. 18, before the market opens, the company said this week.The company will have a conference call at 11 a.m. that day discussing those results. Mark Suwyn, chairman and chief executive officer, and David Prystash, senior vice president and ...
Growth prompts Miami Twp. company to move to Miamisburg
MIAMISBURG — CustomFormed Products in Miami Twp. is planning an early summer move to Miamisburg, a relocation that president and owner Michael Schlinder said is needed to accommodate the steel rule die company’s growth.“We just added a lot of equipment and capability in the last few years and are just ...
State ethanol group to push for alternative fuel
Ohio ethanol producers have announced the formation of the Ohio Ethanol Producers Association.The association will be led by Mark Borer, general manager of POET Biorefinery in Leipsic.Ohio has four ethanol plants — including The Andersons Marathon Ethanol LLC in Greenville — that produce nearly 300 million gallons of ethanol per ...
NASA shuttle to carry Miami University experiment to space station
OXFORD — A space shuttle flight scheduled for takeoff on Feb. 7 is to deliver to the international space station a Miami University experiment focused on understanding how light and gravity affect plant growth.The Tropi-2 experiment is to assess, at a cellular level, how seedling sprouts of the thale cress ...
Furniture, vintage guitar store opens in Oregon District
DAYTON — A store specializing in restored and vintage guitars, refurbished furniture and other items will open Friday, Jan. 29, in the Oregon Historic District.ReCreate, owned by Deane Grandfield and Kenny Pyles, also carries other musical instruments, paintings by Ohio artist Nathan DuBry and also provides guitar and amplifier repairs, ...
Stories for Wednesday, January 27
275 crashes linked to Toyotas; 1.1M more cars recalled
Toyota announced late Wednesday, Jan. 27, that it was recalling an additional 1.09 million vehicles on top of the 2.3 million recalled last week. The latest models to be recalled include: 2008-10 Highlander, ’09-10 Corolla, ’09-10 Venza, ’09-10 Matrix, and ’09-10 Pontiac Vibe, which is made by Toyota. Local Toyota ...
Government rejects LexisNexis protest of contract award
Government auditors have rejected arguments by LexisNexis that it should have been awarded a Defense Department contract to provide online legal research information and related customer support services for Air Force, Army and Marine Corps legal staff.The U.S. Government Accountability Office, in a decision made public on Wednesday, Jan. 27, ...
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