Business Stories for June 2010
Stories for Wednesday, June 30
Recession’s ripples touch most workers, poll shows
More than half of all adults in the labor force say that since the Great Recession began 30 months ago, they have suffered a spell of unemployment, a cut in pay, a reduction in hours or have become involuntary part-time workers, according to a new survey by the Pew Research ...
Flying car approved by FAA; company still considering Dayton for production
DAYTON — The company that is considering Dayton as a possible site to produce a flying car has received approval from the Federal Aviation Administration that allows it to move into production.Terrafugia Inc. last month was granted a weight exemption from the FAA that allows the Transition Roadable Aircraft a ...
McDonald’s recognizes local manufacturer
EATON — Henny Penny Corp., a cooking equipment maker for the food service industry, has been named McDonald’s Worldwide Equipment Supplier of the Year for 2009, a news release states.The Eaton-based manufacturer said it achieved top scores in a supplier rating system employed by the fast-food restaurant chain. The index ...
Dayton tries again with revamped small-business contracting program
DAYTON — A new city ordinance that takes effect Thursday, July 1, revises a program intended to encourage participation by small, minority-owned and female-owned businesses in Dayton’s procurement and contracting programs.The revamped Procurement Enhancement Program is intended to cover the next 10 years and address disparities found in a study ...
Stories for Tuesday, June 29
Air Force begins name changes today
WRIGHT-PATTERSON AIR FORCE BASE — If the name Fighters/Bombers Directorate seems more meaningful to you than the 312th Aeronautical Systems Wing, then you may like the Air Force’s latest restructuring.That is one of the changes being formalized when the Aeronautical Systems Center inactivates four existing wings today, June 30.The Air ...
Frank Dupps Jr. promoted to president of Dupps Co.
GERMANTOWN — Frank Dupps Jr., formerly director of international sales for the Dupps Co., has been appointed president of the company and assumes those duties on Thursday, July 1.He succeeds his uncle John A. Dupps, who becomes board chairman on Thursday of the family-owned company, it announced on Tuesday. John ...
UD business plan event’s winners competing in international competition
DAYTON — Two entrepreneurs who won a University of Dayton business plan competition have moved to the next level, competing with 15 other finalists in an international contest.Russell Gottesman and Katie Hill founded Dayton-based Commuter Advertising, which creates audio advertising for public transit vehicles.Their company is among 16 finalists, out ...
Wright-Patterson overseeing new round of alternative fuel tests
WRIGHT-PATTERSON AIR FORCE BASE — The Air Force is overseeing another round of testing of alternative fuels for its aircraft, this time to see whether the fuel will work in an engine that powers the F-16 fighter.Researchers at Arnold Air Force Base, Tenn., have begun the tests using a 50-50 ...
Women biz owners optimistic about economy
An index that measures the outlook of women business owners shows they are more optimistic that the economy is improving.The Key4Women Confidence Index showed that those surveyed report increases in sales, selling prices and planned hiring compared to previous surveys, according to a news release.Key4Women is a project by KeyBank ...
July 16 deadline set for Brown Publishing bids
Bidders have until 2 p.m. Friday, July 16, to formally show interest in vying with Brown Publishing Co. executives for ownership of the assets of the financially beleaguered business.Brown Media Corp. — a new corporation made up of three Brown executives, including Roy Brown, its president/CEO — has said it ...
Stories for Monday, June 28
Ohio seeks alternative energy ideas
COLUMBUS — The Ohio Department of Development is requesting proposals from companies with ideas for alternative-energy projects that could qualify for federal economic stimulus funding.The program, called “Deploying Renewable Energy: Transforming Waste to Value,” invites proposals that will create jobs through projects that can generate electricity or heat from solid ...
NewPage cutting 90 jobs
LUKE, Md. — NewPage Corp. says it is cutting about 90 jobs at its paper mill in the western Maryland town of Luke.Officials of the Ohio-based company say the reduction will help the Luke mill remain competitive in the global marketplace. The Cumberland Times-News reports that plant workers were told ...
Shareholders sue Thor Industries
A Florida law firm has filed a class-action shareholder lawsuit against Thor Industries accusing the maker of recreational vehicles and ambulances of violating federal securities laws.Saxena White P.A. filed the lawsuit Friday, June 25, on behalf of Teamsters Allied Benefit Funds. The suit covers owners of Thor’s common stock between ...
Consumer spending rises, but not enough to boost recovery
Associated PressWASHINGTON — Americans spent a little more in May but not enough to speed along the economic recovery.Consumer spending rose 0.2 percent last month after no change in April, the Commerce Department said Monday.Incomes rose for the sixth time in seven months, boosting household finances and potentially providing fuel ...
Thor Industries target of class-action suit
A Florida law firm has filed a class-action shareholder lawsuit against Thor Industries alleging that the recreational vehicle and ambulance maker violated federal securities laws.Saxena White P.A. filed the lawsuit on behalf of Teamsters Allied Benefit Funds on Friday, June 25. The suit covers owners of common stock between Nov. ...
U.S. funding available for Ohio energy projects
COLUMBUS — The Ohio Department of Development is requesting proposals from companies with ideas for alternative-energy projects that could qualify for federal economic stimulus funding.The program, called “DeployingRenewable Energy: Transforming Waste to Value,” invites proposals from applicants that will create jobs through projects that can generate electricity or heat from ...
Stampede Technologies’ software receives federal patent
Stampede Technologies says it has been issued a patent by the federal government for a software that zips and unzips Web-based file attachments.Dubbed AutoZip, the compression technology reduces the disk-storage space the attachments require and also improves bandwidth usage, the company said.AutoZip can reduce a file’s size by 85 percent, ...
Stories for Saturday, June 26
Family, friends and BBB can help you choose security system
It’s summer, and chances are you may be planning a family vacation. There’s comfort in knowing your home will be secure while you’re away. So, you may need to consider a security system.An effective security system will fit your lifestyle, budget and protection needs. There are some you can install ...
Realty merger reunites two longtime friends
Given a choice, Vic Green says he would rather sell or lease commercial property than sell homes every time.Green, principal broker of Vic Green Realty, appreciates what he considers the simplicity of selling or leasing, say, a storefront or a former fast-food restaurant versus selling a home. If the location ...
UD’s ‘River Campus’ takes shape on old NCR complex
What does the official transfer of NCR Corp.’s former headquarters mean to leaders of the University of Dayton, the new owner of the building and the surrounding 115 acres?“I think it means we have to do a lot more work,” said Dan Curran, UD president.On Thursday, UD will take possession ...
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