Business Stories for July 2010
Stories for Wednesday, July 28
New CEO, president named for area hospice programs
DAYTON — Kent Anderson has been picked to become the new CEO and president of The Hospice of Dayton and The Hospice of Butler & Warren Counties, effective Aug. 23, according to a press release.Anderson has more than 16 years of leadership experience in operating hospice programs, most recently serving ...
Residential permits plummeting
DAYTON — June residential permits issued in the Dayton area fell 38 percent, one of the steepest monthly declines this year.Meanwhile, a separate report indicated foreclosure activity in Greene, Miami, Montgomery and Preble counties grew during the first half of the year.Permits for single-family homes, condos and apartments plummeted to ...
GE Aviation has $7 million contract from Air Force
VANDALIA — General Electric Co. said it has a three-year contract from the Air Force Research Laboratory to develop solid-state switching technology for use in electric power distribution aboard Air Force aircraft.GE said the contract, worth more than $7 million, is with the AFRL at Wright-Patterson Air Force Base.The goal ...
Defense contractor DRS dedicates new Beavercreek facility
BEAVERCREEK — Defense contractor DRS Technologies Inc. on Wednesday, July 28, dedicated its new facility in Miller-Valentine’s Mission Point commercial development.The DRS Intelligence, Communications, Avionics Solutions facility hosts design, development and production operations to support Defense Department needs for tactical terminals, flight safety, avionics, intelligence, surveillance and reconnaissance.The operation is ...
New CEO, president named for area hospice programs
DAYTON — Kent Anderson has been picked to become the new CEO and president of The Hospice of Dayton and The Hospice of Butler & Warren Counties, effective Aug. 23, according to a press release.Anderson has more than 16 years of leadership experience in operating hospice programs, most recently serving ...
Residential permits plummeted in June
DAYTON – Residential permits issued locally fell 38 percent in June, one of the steepest monthly declines on a percentage basis reported this year, according to the Home Builders Association of Dayton.Permits for single-family homes, condos and apartments plummeted to 137 in June versus 222 during the same month a ...
Meadwestvaco still profitable, but with lower earnings
Meadwestvaco reported net income in the second quarter of $50 million, or 29 cents per share, which included after-tax restructuring charges of $11 million or six cents per share. That compares to net income in the second quarter last year of $125 million, or 72 cents per share.Combined operating profits ...
Reynolds offers 20 scholarships to area residents
The Reynolds and Reynolds Co. Foundation has funded 45 merit scholarships for 2010, including more than 20 scholarships for students from the Dayton area, the company said.Most of the scholarships were granted under a long-standing program of merit-based awards for undergraduate study by children of Reynolds employees, the company said.The ...
Kodak continues to suffer big losses
Eastman Kodak reported a net loss of $168 million for the second quarter of 2010, or 62 cents per share, compared to a net loss of $189 million for the second quarter last year, or 71 cents per share, an improvement of 11 percent, the company said today, July 28.Second ...
Stories for Tuesday, July 27
Air Force, universities partner on BRAC initiative
RIVERSIDE —Air Force researchers are teaming with scientists at Wright State University and the University of Dayton to further their study of how the human brain interacts with technology.Officials for Wright-Patterson Air Force Base and Air Force Research Labs officials announced Tuesday, July 27, at the TecEdge facility in Riverside ...
Big Hill becomes affiliate of national real estate firm
Big Hill, a local real estate company, said Tuesday, July 27, it has affiliated with Better Homes and Gardens Real Estate LLC.In a news release, Big Hill said it will operate as Better Homes and Gardens Real Estate Big Hill. The local company operates eight offices in Ohio and Indiana ...
Stratacache to invest $2M in Huber Heights location
Stratacache, a local technology firm, said Tuesday it plans to spend $2 million to transform a former retail store in Huber Heights into a digital media production center.Plans call for Stratacache to move its production operations from its East Third Street facility in Dayton to Huber Heights by November of ...
Air Force battlefield technology resembles science fiction
WRIGHT-PATTERSON AIR FORCE BASE — The future is now for the Air Force’s development of new technology for troops on the battlefield.A new plan known as Technology Horizons sketches the Air Force’s major science and technology objectives for the next decade. They include developing highly adaptable, self-governing systems that can ...
AK reports higher net income, OKs dividend
Middletown-based steelmaker AK Steel Corp. reported net income of $26.7 million for the second quarter of 2010, well above a net loss of $47.2 million reported for the second quarter of 2009.Net income was 24 cents per share compared to a net loss of 43 cents per share for the ...
Glimcher to offer 12.5M shares of company
Glimcher Realty Trust, owner of the Dayton Mall and the Mall at Fairfield Commons, said Monday, July 26, it will offer 12.5 million common shares of the company to the public and use the money raised by the sale to reduce debt.By reducing its debt, Glimcher said it will be ...
Stories for Monday, July 26
Wanted: Businesses for site
OAKWOOD — Routsong Realty hopes to break ground this fall on a small commercial development at Oakwood and Irving avenues, site of Routsong Funeral Home’s Oakwood Chapel, which closed in 2008.The 8,123-square-foot Tudor-style building will be available in increments of 2,000 feet, with access from both Oakwood and Irving avenues, ...
Low interest rates entice area homeowners to refinance
DAYTON — Mortgage refinancings are heating up in the Dayton area as the weak economy, low inflation, stable home prices and public policy changes are lowering borrowing costs and shifting mortgage market behavior.“It’s kind of a perfect storm,” said Greg Elmore, area sales manager at the Fifth Third Bank mortgage ...
IT disaster recovery workshop for businesses is Aug. 19
FAIRBORN — The Dayton chapter of InfraGard, a nationwide partnership between the FBI and private sector, is offering a workshop for companies on how to recover from an information technology disaster and continue business operations.The Aug. 19 event is scheduled from 9 a.m. to 4 p.m. at the Nutter Center’s ...
Company moving headquarters from Centerville to Miamisburg
MIAMISBURG — The third largest prosthetic and orthotics company in the world is moving its North American headquarters from Centerville to the Byers Business Park in Miamisburg.Endolite North America Inc. is a part of England-based Blatchford Inc., company global headquarters and the largest prosthetic and orthotics producer in the UK.Chris ...
Sinclair becomes WorkKeys provider
DAYTON – Sinclair Community College has been named an authorized provider of a web-based product used to measure applied job skills and cognitive abilities, according to a news release.Sinclair’s Learning Center at Miami Valley Research Park, Kettering, will act as the main site where it will provide the WorkKeys Solutions ...
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