Business Stories for July 2010
Stories for Saturday, July 31
Grant provides millions for Mound as cleanup nears end
MIAMISBURG — A state grant of $3.5 million to build a road through the Mound Advanced Technology Center comes as cleanup of the former nuclear facility nears an end and better positions the facility for future commercial growth, officials said Saturday, July 31.Gov. Ted Strickland announced the Mound grant — ...
Learn lessons from BBB employees plagued by scam artists
If you think scammers avoid Better Business Bureau employees, think twice. Recently, a Better Business Bureau employee received a call from a company with an automated message about lowering his credit card rates. Funny thing is — he doesn’t have any credit cards.He returned the call and heard a recording ...
Tough market forces Suzuki to close dealerships in Troy, Centerville
DAYTON — It’s not easy being an auto dealer these days. Consumers can be cautiously tight-fisted. Name recognition takes advertising and marketing prowess.Auto industry observers make those points as Suzuki cuts its number of U.S. stores. After Saturday, July 31, both Dave Arbogast of Troy and Voss Suzuki of Centerville ...
Trial may show how Kettering company collapsed
DAYTON — In an era marred by the spectacular collapses of Enron and WorldCom, the 2003 failure of the formerly high-flying MCSi Inc. served as yet another reminder of how accounting scandals can bring down companies and hurt employees and investors.Now, the public gets to learn more about the failure ...
MCSi’s rise had many red flags
DAYTON — Between the spring of 1996 and the end of 2000, MCSi Inc. acquired 26 companies. In 2000, its sales increased 30 percent from the prior year, net income was up 37 percent and earnings per share increased 28 percent, management told shareholders.But in 2003, the audiovisual sales and ...
Stories for Friday, July 30
UD gets $3.5M for NCR headquarters
DAYTON — The University of Dayton and the city of Dayton are partners in the new collaborative innovation center that is one of 14 projects funded statewide and announced on Friday by Ohio Gov. Ted Strickland.UD was awarded $3.5 million and will use it as part of the $20 million ...
Standard Register reports net loss for 2Q
Though revenue held mostly steady, Standard Register reported a net loss for the second quarter of 2010.The Dayton document services company reported a net loss of $110,000 for the quarter, compared to net income of nearly $3.2 million for the second quarter of 2009. Those amounts equaled no growth in ...
UD, The Mound get $7 million in grants
The $7 million in state grants awarded to the University of Dayton and Mound Advanced Technology Center on Friday, July 30, target job creation in the high-technology industries that area officials hope will reverse the region’s economic woes. Ohio Gov. Ted Strickland announced the grants at the University of Dayton ...
SR enters into manufacturing agreement with another company
Standard Register and Precision Dynamics Corp. have entered into an agreement to market each other’s wristbands and labels, and manufacture products for one another, the companies said in a joint statement.The companies hope to work together to develop a “new generation of patient identification and labeling solutions,” the two firms ...
Two local auto dealers to part with Suzuki
Two local Suzuki dealerships will soon step away from the selling the vehicles, a spokesman for American Suzuki said today, July 30.David Boldt said that as of Saturday both Dave Arbogast, of Troy, and Voss Suzuki, of Centerville, will cease to be Suzuki retailers.Arbogast will remain as a service-only point, ...
Resource fair offers employment, training information
Staff ReportDAYTON — Montgomery County’s employment agency is offering an event Aug. 25 to increase awareness about resources for people who have lost their jobs or are looking for more challenging duties.The county Department of Job and Family Services will host the education resource fair for dislocated workers, under-employed people ...
Standard Register reports steady revenue but net loss
Though revenue held mostly steady, Standard Register reported a net loss for the second quarter of 2010.The Dayton document services company reported a net loss of $110,000 for the quarter, compared to net income of nearly $3.2 million for the second quarter of 2009. Those amounts equaled no growth in ...
Farmers Market returns to downtown Dayton
DAYTON — The Farmers Market will return to downtown Dayton to sell its goods on a weekly basis.Every Monday through Oct. 18, the Farmers Market will be at Courthouse Square in downtown Dayton, at the corner of Third and Main streets. Fresh, organic food and other homemade treats will be ...
Stories for Thursday, July 29
About 70 Inteva Products LLC workers eligible for benefits
VANDALIA — About 70 workers and contractors displaced when Inteva Products LLC shipped some of its operations abroad are now eligible to receive Trade Adjustment Assistance benefits.Sen. Sherrod Brown, D-Ohio, announced on Thursday, July 29, that the U.S. Department of Labor has approved the benefits, which include income support, re-training ...
DPL’s earnings increased in the second quarter
DAYTON — DPL Inc., owner of Dayton Power and Light Co., reported second-quarter earnings of 53 cents per share and net income of $61.4 million, up from 37 cents and $42.1 million a year earlier.Revenues for the three months ended June 30 were $445.5 million, up by 23 percent from ...
Target honors local paper producer
NewPage Corp., based in Miami Twp., recently received a “Best of the Bullseye” award from Target Corp., the paper producer said Thursday, July 29.NewPage, which calls itself the largest coated paper manufacturer in North America, has supplied paper for Target weekly circulars from its Duluth, Minn., mill for more than ...
DPL announces dividend
Also, the board of DPL subsidiary Dayton Power and Light Co. declared quarterly dividends on its preferred stocks as follows: $0.9375 per share on the 3.75% Series A, Cumulative; $0.9375 per share on the 3.75% Series B, Cumulative; $0.975 per share on the 3.90% Series C, Cumulative.The dividends are also ...
Budget earmarks are topic of development group meeting
DAYTON — The Dayton Development Coalition, which organizes annual trips of community leaders to Washington, D.C., to advocate for the Dayton region’s needs, is sponsoring an Aug. 11 public discussion about federal budget “earmarks” to fund specific projects.The session is scheduled at 2 p.m. on Aug. 11 at the Old ...
Stories for Wednesday, July 28
$35M airport garage adds to competition for customers
DAYTON — The new parking garage that opens today, July 29, at Dayton International Airport is something customers said they wanted and helps boost the airport’s ability to compete for travelers.The $35 million structure, just steps from the terminal’s doors, is the first parking garage the Dayton airport has ever ...
Parking garage first for Dayton International
DAYTON — Parking garages have been a staple of many major U.S. airports for years, but Dayton International Airport is just now opening one.The $35 million project became a priority after travelers told Dayton’s airport management in surveys that they wanted a parking garage convenient to the terminal building. The ...
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