Business Stories for June 2010
Stories for Saturday, June 26
History of former NCR building
DAYTON — When plans for a new NCR Corp. headquarters building were first unveiled in September 1974, William Anderson, then the company’s president and chairman, said the plans demonstrated the company’s commitment to Dayton.“This program confirms NCR’s previously stated intentions of retaining its world headquarters in Dayton,” Anderson told the ...
Brown Publishing, creditors clash over sale plans
Assets of the financially troubled Brown Publishing Co. could be put up for auction in July in the U.S. Bankruptcy Court’s eastern district of New York. A deadline for bidding hadn’t been posted on the court’s website at 6 p.m. Friday, June 25, but Brown attorney Edward M. Fox on ...
Potential eyesore now site for research
DAYTON — The University of Dayton will take over the former NCR Corp. headquarters at 1700 S. Patterson Blvd. on Thursday, July 1, a milestone for the university and the building itself. Most NCR employees will be out of the building by then, said John Hart, UD general counsel. Some ...
Stories for Friday, June 25
Base hotel lost overflow business
WRIGHT-PATTERSON AIR FORCE BASE — During the most recent federal fiscal year, Wright-Patterson’s lodging staff referred more than 2½ times as many guests to the Hope Hotel and Conference Center as to other hotels, base officials say.Under terms of the Air Force’s 1988 lease with hotel owner Visicon Inc. that ...
Stitching Post closing doors
CENTERVILLE — The Stitching Post at Cross Pointe Shopping Center will close today, June 26, according to owner Nancy Powers.The West Chester Twp. resident filed for Chapter 7 bankruptcy on June 10.Powers served as banker and advertising manager for the company’s previous owner, Joe Fulmer, before purchasing the Centerville business ...
Ohio-built car among the “top American” models
The Honda Accord, assembled in Marysville, Ohio, has been listed as No. 2 on a list of the “most American cars.”In assembling the list, the Cars.com website said it rated factors such as “sales, where the car’s parts come from and whether the car is assembled in the U.S.” The ...
GE Aviation gets federal support for engine improvement R&D
EVENDALE — General Electric Co.’s jet engine division said it will share in a federal investment of up to $66 million to accelerate development of technologies to reduce aircraft engine noise and emissions, and improve fuel burn.GE Aviation said it and the Federal Aviation Administration will share the investment for ...
Anthem holds narrow lead in local market share
Anthem Blue Cross and Blue Shield in Ohio edged UnitedHealthcare for the most market share among health insurers in January 2010 in the Dayton area, according to newly released data from HealthLeaders-InterStudy.Anthem’s market share was 23.5 percent, compared to UnitedHealthcare’s 22.9 percent.They were followed by CareSource (13.5 percent); Humana, Inc. ...
Delphi property gets offer
KETTERING — Industrial Realty Group, the California company that bought Delphi Corp.’s property on Cincinnati Street in Dayton last year, is pursuing the 145-acre Delphi property north of Delco Park. Kettering city officials said Thursday, June 24, they plan to ask the state for about $3 million in Clean Ohio ...
Stories for Thursday, June 24
NCR employees gather as company departs
DAYTON — Employees of NCR past and present gathered Thursday afternoon, June 24, at Old River Park to celebrate a company, its local legacy — and each other.“It’s just a good day to renew old acquaintances,” said Patricia Wentz, who worked for NCR for five years.The gathering of employees was ...
Firm’s net income falls; shares jump
Industrial equipment producer Robbins & Myers Inc. reported net income of more than $8.1 million for the three months that ended May 31, 2010, below the nearly $10.3 million the company reported for the same quarter in 2009.The net income amounted to 25 cents per basic share for the company’s ...
Shook RJE lands $8.8M federal contract
DAYTON — Shook RJE says it has been awarded an $8.8 million contract to build a joint-services lodging facility at the Youngstown Air Force Reserve Station.Shook RJE will act as general contractor for the project, its first federal contract, a news release states.Shook RJE is a joint venture between Shook ...
Stories for Wednesday, June 23
$20M development breaks ground in Fairborn
FAIRBORN — A local developer has begun work on Waterford Landing, a $20 million housing and commercial development spurred in part by growth around Wright-Patterson Air Force Base.CESO Inc., part of Centerville-based Oakes Cos., broke ground on the infrastructure for the first phase of the 146-acre development on Tuesday, June ...
Motoman moving to Austin Road interchange
DAYTON — The parent company of Motoman Robotics on Wednesday, June 23, unveiled plans for a new corporate home and identity for the maker of industrial robots. Yaskawa America Inc. announced that its Motoman division has secured land at the new Austin Road interchange with Interstate 75 for a 300,000-square-foot ...
Wheat harvest will begin early if weather allows
If the weather cooperates, Ohio farmers likely will begin harvesting their wheat early this year.The wheat harvest typically takes place in late June and July in Ohio.About 10 percent of the state’s wheat crop has ripened as of Sunday, June 20, compared to the five-year average of 3 percent, according ...
Clear Channel CEO resigns
Clear Channel Communications Inc., which operates several radio stations in the Dayton area, is searching for a new chief executive following the resignation of Mark P. Mays, the company announced Wednesday, June 23.Mays resigned as president and chief executive, but will continue to serve as chairman of the board, the ...
CarMax net income jumps
RICHMOND, Va. — Used car dealership chain CarMax Inc. said Wednesday its net income more than tripled in the fiscal first quarter because it sold more vehicles as the industry slowly recovers from the worst U.S. auto sales market in decades.The results beat Wall Street expectations, and its shares climbed ...
Stories for Tuesday, June 22
Mediator sought in PSA Airline talks
DAYTON — A union representing PSA Airlines flight attendants said Tuesday, June 22, that it has asked for a federal mediator to prod contract negotiations with the airline.The Association of Flight Attendants-Communications Workers of America said it asked the National Mediation Board to oversee what the union said have been ...
Data: Midwest home sales jump 22 percent in May
OMAHA, Neb. — Midwest home sales remained strong in May because the expiring tax credits helped drive sales nearly 22 percent higher than last year, according to data released Tuesday, June 22, by the National Association of Realtors.About 130,000 home sales were reported in the 11-state region in May, and ...
Lion Apparel moving HQ, names new CFO
VANDALIA — Lion Apparel is moving it headquarters from 6450 Poe Ave. to one of the former Iams buildings at 7200 Poe Ave., the company said Tuesday, June 22.The move will happen this fall, the company said. Lion Apparel makes uniforms and protective equipment for police, firefighters, civilian government agencies ...
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